Nonprofit · EIN 80-0718545
TREC COMMUNITY INVESTORS
Tax-exempt · DALLAS, TX 75201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,974,115 | $4,208,662 | -$1,234,547 | $9,899,656 | $2,355,567 | $7,544,089 |
| December 31, 2023 | 990 | $3,169,420 | $2,984,142 | $185,278 | $9,708,983 | $1,657,910 | $8,051,073 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,997,732
- Program service revenue
- $703,245
- Investment income
- $272,840
- Net gain from sales of assets
- -$648
- Other revenue
- $298
Expenses
- Grants and similar amounts paid
- $1,268,656
- Compensation of officers, directors and key employees
- $334,246
- Other salaries and wages
- $791,660
- Salaries, compensation and benefits (total)
- $1,300,318
- Professional fundraising fees
- $0
- Accounting fees
- $39,420
- Occupancy
- $290,196
- Travel
- $5,342
- Depreciation
- $49,926
- Program services (functional)
- $3,823,399
- Management and general (functional)
- $237,087
- Fundraising (functional)
- $148,176
Balance sheet and other
- Total assets, start of year
- $9,708,983
- Total assets, end of year
- $9,899,656
- Total liabilities, end of year
- $2,355,567
- Net assets, end of year
- $7,544,089
- Land, buildings and equipment
- $155,010
- Publicly traded securities
- $1,501,605
- Net assets without donor restrictions
- $3,521,583
- Net assets with donor restrictions
- $4,022,506
- Gross receipts
- $7,597,589
- Employees
- 7
- Volunteers
- 243
- Year formed
- 2011
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SUMMER LOVELAND | CFO/COO Officer | 20 | $146,391 | $146,391 | $23,342 |
| LINDA MCMAHON | CEO/PRESIDENT (UNTIL 6/30/24) Officer | 22 | $130,672 | $106,913 | $8,470 |
| AMY STOVALL | SR. DIRECTOR Highest-paid employee | 17.2 | $43,244 | $57,322 | $25,234 |
| JAMEE JOLLY | CEO/PRESIDENT Officer | 22 | $39,943 | $32,680 | $1,657 |
| RICK PERDUE | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 | $0 |
| HEATH CHEEK | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| ANGELA DUNNING | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| DIANE CHAVEZ | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| FERNANDO CEBALLOS | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| SCOTT ROHRMAN | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| ALEXIS COOK | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| CHRISTIAN EVANS | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| ALLISON HUBBARD | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| STEPHANIE LAUGHLIN | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| SAM LITTLEJOHN | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEVIN WIERENGA | BOARD MEMBER Trustee or director | 0.5 | $0 |
| ALTA MANTSCH | BOARD MEMBER Trustee or director | 0.5 | $0 |
| COURTNEY SPELLICY | BOARD MEMBER Trustee or director | 0.5 | $0 |
| DAVID LAWRENCE | BOARD MEMBER Trustee or director | 0.5 | $0 |
| JEFF KOCHER | BOARD MEMBER Trustee or director | 0.5 | $0 |
| KENT HOWARD | BOARD MEMBER Trustee or director | 0.5 | $0 |
| DENISE FANSLER | BOARD MEMBER Trustee or director | 0.5 | $0 |
| CHRIS NIXON | BOARD MEMBER Trustee or director | 0.5 | $0 |
| KRISTIAN TELEKI | BOARD MEMBER Trustee or director | 0.5 | $0 |
| MARCY HELFAND | BOARD MEMBER Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 28 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| LINDA MCMAHON | CEO/PRESIDENT Officer | 20 | $241,038 | $241,038 | $16,322 |
| SUMMER LOVELAND | CFO/COO Officer | 20 | $127,110 | $127,110 | $18,990 |
| AMY STOVALL | SR. DIRECTOR Highest-paid employee | 13 | $35,114 | $70,229 | $25,776 |
| FELICIA PIERSON | SR. DIRECTOR Highest-paid employee | 39 | $119,247 | $0 | $10,626 |
| NEBIAT WODERE | CONTROLLER Highest-paid employee | 16 | $42,016 | $63,025 | $9,930 |
| MIKE GEISLER | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KITTY HENRY | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| HEIDI BARATH | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| AARON ECHOLS | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| FERNANDO CEBALLOS | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| ACE ROMAN | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| CHASE EVANS | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| DAVID FAZIO | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| JEFF CARTER | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| JOHN RIGGINS | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| JOSH WHITE | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| KEVIN WIERENGA | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| LESLEY MCCASLIN | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| COURTNEY SPELLICY | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| DAVID LAWRENCE | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| JEFF KOCHER | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| KENT HOWARD | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| DENISE FANSLER | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| IAN FAIRCHILD | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| TAYLOR DICKERSON | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| TRIPP RUSS | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| CHAD ALLMAN | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| MARCY HELFAND | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3100 MCKINNON ST STE 1150, DALLAS, TX 75201-1104
- In care of
- % CARLA BRANDT
- Principal officer (990 for 2024)
- JAMEE JOLLY, 3100 MCKINNON STREET 1150, DALLAS, TX 752011104
- Signed the 990
- JAMEE JOLLY, CEO/PRESIDENT
- Phone
- (214) 692-3600
- Return prepared by
- RSM US LLP
Mission
TREC COMMUNITY INVESTORS JOINS FORCES WITH UNDERSERVED COMMUNITIES TO INVEST IN THE DISINVESTED, ENERGIZE NEIGHBORHOODS, AND CHANGE LIVES. THROUGH ACCESS TO FLEXIBLE CAPITAL AND REAL ESTATE EXPERTISE, WE MAKE AN UNWAVERING COMMITMENT TO BUILD A LASTING IMPACT IN THE COMMUNITIES WE SERVE.
Program accomplishments
- NEIGHBORHOOD REVITALIZATION: TREC CI PARTNERS WITH OTHER COMMUNITY ORGANIZATIONS TO FOCUS ON JOB AND WEALTH CREATION AND COMMUNITY OWNERSHIP AND LEADERSHIP OPPORTUNITIES IN LOW TO MODERATE INCOME COMMUNITIES.Expenses $2,973,221 · grants $1,268,656 · revenue $380,638
- HOUSING: TREC CI PROVIDES FUNDING FOR RENOVATION OF MULTIFAMILY PROPERTIES, HOME IMPROVEMENT PROJECTS; PROVIDES PROFESSIONAL SERVICES AND VOLUNTEER SUPPORT AS WELL AS GRANTS FOR REHABILITATION PROJECTS, AND PLAYS A ROLE IN THE ESTABLISHMENT OF A COMMUNITY LAND TRUST.Expenses $624,042 · revenue $1,500
- LENDING: TREC CI IS CERTIFIED BY THE US DEPARTMENT OF THE TREASURY AS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) AND PROVIDES FLEXIBLE LOANS TO QUALIFYING ORGANIZATIONS TRANSFORMING UNDERSERVED COMMUNITIES.Expenses $226,136 · revenue $321,107
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 80-0718545
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $9,899,656
- Income (IRS master file)
- $7,597,589
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,974,115 | $4,208,662 | $9,899,656 | XML |
| 990 | December 2023 | $3,169,420 | $2,984,142 | $9,708,983 | XML |
| 990 | December 2022 | $2,244,311 | $2,651,940 | $10,382,604 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | $2,622,902 | $568,071 | $11,220,097 | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 80-0718545).
Questions about TREC COMMUNITY INVESTORS
- What is the EIN of TREC COMMUNITY INVESTORS?
- The employer identification number (EIN) of TREC COMMUNITY INVESTORS is 80-0718545.
- Is TREC COMMUNITY INVESTORS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to TREC COMMUNITY INVESTORS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TREC COMMUNITY INVESTORS file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of TREC COMMUNITY INVESTORS due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TREC COMMUNITY INVESTORS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of TREC COMMUNITY INVESTORS?
- The 990 for the year ended December 31, 2024 names JAMEE JOLLY.
- Who are the officers and directors of TREC COMMUNITY INVESTORS?
- The 990 for the year ended December 31, 2024 lists 25 people; 4 received compensation from the organization, the highest $146,391 (SUMMER LOVELAND, CFO/COO).
- How much revenue does TREC COMMUNITY INVESTORS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,974,115, expenses of $4,208,662 and total assets of $9,899,656 at year end.
Other nonprofits in DALLAS
- DALLAS COUNTY LOCAL WORKFORCE DEVELOPMENT BOARD EIN 75-1924974 · last filed 990 for 2024
- BUCKNER FOUNDATION EIN 75-2125945 · last filed 990 for 2024
- BUCKNER INTERNATIONAL EIN 75-0891443 · last filed 990 for 2024
- FOREFRONT LIVING EIN 75-1910084 · last filed 990 for 2025
- BUCKNER CHILDREN AND FAMILY SERVICES INC EIN 75-2571395 · last filed 990 for 2024
- JEWISH FAMILY SERVICE OF DALLAS INCORPORATED EIN 75-1992728 · last filed 990 for 2025
- HOUSING FORWARD EIN 75-2461679 · last filed 990 for 2024
- JULIETTE FOWLER COMMUNITIES INC EIN 75-0800655 · last filed 990 for 2024