Crossroads Housing Development Corp
Crossroads Housing Development Corp reported $50.7 million in revenue and $50.6 million in expenses for calendar year 2024. Of every $100 it spent, $99.48 went to program services, $0.52 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 100.2% of the total. The highest compensation it reported for one person was $304,617 (Executive Director Board Secretary). 1 person received more than $100,000 in reportable compensation. Revenue rose 281% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $51MFor context, the median across 933 covered housing & shelter charities: $89.27 programs, $10.73 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $51MInvestment income was negative: −$99,980. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 99.5% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 0.5% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.0% | 17.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 100.2% | 66.2% |
| Highest reported compensation Part VII-A, columns D–F | $304,617 | $300,863 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.60% | 1.57% |
| People paid over $100,000 Part VII, line 2 | 1 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 0.4 | 10.0 |
| Independent voting board members Part VI 1a–1b | 3 of 4 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expensePryors Projects Program The intent of the program is to buy rundown or abandoned houses within Howard County, renovate them so that the future homeowner has no major renovation expenses for the first five years of ownership, and sell them to low-income families or individuals that intend to live in the houses
Low Income Housing Tax Credit Program - general contractor and management of low income housing projects under IRC Section 42 throughout Texas
Deposit Assistance Management Program. The intent of this program is to assist Big Spring Housing Authority Rental Assistance Voucher clients moving into a new residence by providing eligible applicants assistance partial or complete with lease or utility deposits. Specific guidelines regarding eligibility and income verification are set forth within the management plan
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| Executive Director Board Secretary Director/trustee, officer, key employee, 040.00 hrs/week | $220,339 | $0 | $84,278 | $304,617 |
| Deputy Director Officer, 030.00 hrs/week | $30,139 | $0 | $14,289 | $44,428 |
1 people received more than $100,000 in reportable compensation from Crossroads Housing Development Corp (Part VII, line 2). Compensation of current officers, directors and key employees totaled $251K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b4 · 3 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 54
- Volunteers Part I, line 63
Correct a figure or respond
Every number above is copied from Crossroads Housing Development Corp's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Crossroads Housing Development Corp, you can publish a response that is linked from this page.
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Of every $100 Crossroads Housing Development Corp spent in 2024, $99.48 went to programs. The full breakdown, from its IRS Form 990:
Questions people ask
How much of Crossroads Housing Development Corp's spending goes to programs?
In calendar year 2024, Crossroads Housing Development Corp reported that 99.5% of its $50.6 million in expenses went to program services, 0.5% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Crossroads Housing Development Corp pay its top executive?
The largest total compensation Crossroads Housing Development Corp reported for one person in calendar year 2024 was $304,617, for the role of Executive Director Board Secretary (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Crossroads Housing Development Corp get its money?
Of $50.7 million in revenue in calendar year 2024, 0.0% came from contributions and grants and 100.2% from program service revenue (Form 990, Part VIII).
Is Crossroads Housing Development Corp a registered charity?
The IRS lists EIN 75-2839932 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202522059349300437 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202413129349302876 · read the filing
- 2022: Form 990 for calendar year 2022, object 202322029349300232 · read the filing
- 2021: Form 990 for calendar year 2021, object 202211899349301001 · read the filing
- 2020: Form 990 for calendar year 2020, object 202101809349300340 · read the filing
- 2019: Form 990 for calendar year 2019, object 202011819349300036 · read the filing
All filings for EIN 75-2839932: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.