2014-11-18T08:51:27-06:00 2013-12-31 GRANT THORNTON LLP 8300 THORN DRIVE SUITE 300 WICHITA KS 672262708 990 2013-01-01 800718545 The Real Estate Council Community Fund % CARLA BRANDT REAL 2146923600 5430 LBJ Freeway Suite 100 Dallas TX 75240 CARLA BRANDT CFO 2146923600 2014-11-14 true Rebecca Zecha P00648970 2146923600 2013 2015-11-30 17:44:51Z Linda McMahon 5430 LBJ Freeway Ste 100 Dallas TX 75240 307756 false X www.recouncil.com X 2010 TX To promote economic justice by providing loans and technical assistance to nonprofit organizations and for profit developers that serve low and very low income individuals. 4 4 0 5 0 150000 300000 0 7756 0 0 0 0 150000 307756 0 0 0 0 0 0 0 0 0 4319 9544 4319 9544 145681 298212 474848 773060 250000 250000 224848 523060 X TO PROMOTE ECONOMIC JUSTICE BY PROVIDING LOANS AND TECHNICAL ASSISTANCE TO NONPROFIT ORGANIZATIONS AND FOR PROFIT DEVELOPERS THAT SERVE LOW AND VERY LOW INCOME INDIVIDUALS, SPECIFICALLY IN THOSE AREAS WITH A POVERTY RATE OF AT LEAST 20%, AN UNEMPLOYMENT RATE 1.5 TIMES HIGHER THAN THE NATIONAL AVERAGE OR A MEDIAN FAMILY INCOME (MFI) AT OR BELOW 80% OF THE METROPOLITAN OR NATIONAL METROPOLITAN MFI. THE FUND AGGREGATES CAPITAL FROM INDIVIUALS AND INSTITUTIONAL SOCIAL INVESTORS AND LENDS TO NONPROFITS FOCUSED ON THE FOLLOWING CORE AREAS - HOUSING, EDUCATION, JOBS, AND THE ENVIRONMENT. false false 0 0 7756 To promote economic justice by providing loans and technical assistance to nonprofit organizations and for profit developers that serve low and very low income individuals. 0 true true false false false false false false false false true false false false false true true false false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 0 0 0 false false false false false false false false false false X 4 4 false false false false false false false true true false false true true true true false true false false false X CARLA BRANDT 2146923603 5430 LBJ FREEWAY STE 100 Dallas TX 75240 GILBERT GERST DIRECTOR 1.5 1.5 X SUSAN L FISH DIRECTOR 1.5 X MATTYE G JONES DIRECTOR 1.5 X YELDA D TUZ DIRECTOR 1.5 X Linda McMahon President 1.5 4.5 X 0 212860 23865 ROBIN MINICK SECRETARY 1.5 1.5 X 0 212860 23865 0 false true false NONE 0 300000 300000 LOAN REVENUE 522291 7756 7756 7756 0 0 0 0 0 0 0 0 0 0 0 307756 7756 0 0 0 0 0 0 0 0 0 0 0 0 5500 5500 0 0 0 0 0 65 65 3167 3167 0 0 0 0 324 324 0 0 305 305 0 POSTAGE AND DELIVERY 183 183 9544 0 9544 0 277800 699355 0 0 0 0 145881 52910 0 0 0 0 50000 15000 0 0 1167 0 6100 305 0 5795 0 0 0 0 0 0 0 0 0 0 474848 773060 250000 250000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 250000 250000 X 88848 117060 0 0 136000 406000 224848 523060 474848 773060 298212 X false true X true false X 0 0 80000 150000 300000 530000 0 0 0 0 80000 150000 300000 530000 407600 122400 0 0 0 530000 7756 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6100 305 5795 5795 0 0 X 307756 307756 307756 9544 9544 9544 Uncertain Tax Position (ASC 740) Schedule D, Part X, Line 2 THE CODIFICATION HAS ISSUED GUIDANCE IN ACCOUNTING FOR UNCERTAINTIES IN INCOME TAXES WHICH REQUIRES THAT THE FUND RECOGNIZE IN ITS FINANCIAL STATEMENTS THE FINANCIAL EFFECTS OF A TAX POSITION, IF THAT POSITION IS MORE LIKELY THAN NOT OF BEING SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTION OF AN APPEALS OR LITIGATION PROCESSES, BASED UPON THE TECHNICAL MERITS OF THE TAX POSITION. THE REQUIREMENTS ALSO PROVIDE GUIDANCE ON MEASUREMENT, CLASSIFICATION, INTEREST AND PENALTIES AND DISCLOSURE. TAX POSITIONS TAKEN RELATED TO THE FUND'S APPLICATION FOR TAX EXEMPT STATUS, UNRELATED BUSINESS ACTIVITES TAXABLE INCOME AND DEDUCTIBILITY OF EXPENSES AND OTHER MISCELLANEOUS TAX POSITIONS HAVE BEEN REVIEWED, AND MANAGEMENT IS OF THE OPINION THAT MATERIAL POSITIONS TAKEN WOULD MORE LIKELY THAN NOT BE SUSTAINED BY EXAMINATION. ACCORDINLY, THE FUND HAS NOT RECORDED AN INCOME TAX LIABILITY FOR UNCERTAIN TAX BENEFITS. FOR THE YEAR ENDED DECEMBER 31, 2013, THERE WAS NO INTEREST OR PENALTIES RECORDED OR INCLUDED IN THE FINANCIAL STATEMENTS. false false false false false false false false false false Linda McMahon President 0 180000 0 32860 0 0 0 18742 0 5123 0 236725 0 0 Form 990 Review Part VI, Question 11b A thorough review is performed by the Finance Director. After all edits have been incorporated in the return, the final return is forwarded to all 2013 to all 2013 Voting Members of TRECCF for review. Governing Documents Part VI, Question 19 The financial statements, conflict of interest policy, and Form 990 are made available for public inspection upon request - either in electronic format or a printed version. VOLUNTEERS PART I, QUESTION 6 TRECCF UTILIZES VOLUNTEERS TO SERVE ON THE BOARD OF DIRECTORS; TO OVERSEE COMMITTEES; AND TO ASSIST WITH ALL OPERATIONS OF THE TRADE ASSOCIATION. VOLUNTEERS ASSIST WITH ALL PROGRAMS AND EVENTS. CONFLICT OF INTEREST POLICY PART VI, LINE 12C TRECCF FOLLOWS TREC'S CONFLICT OF INTEREST POLICY. THE PURPOSE OF THIS CONFLICT OF INTEREST POLICY IS TO PROTECT THE CORPORATION'S INTEREST WHEN IT IS CONTEMPLATING ENTERING INTO A TRANSACTION OR ARRANGEMENT THAT MIGHT BENEFIT THE PRIVATE INTEREST OF AN OFFICER OR DIRECTOR OF THE CORPORATION OR MIGHT RESULT IN A POSSIBLE EXCESS BENEFIT TRANSACTION. THIS POLICY IS INTENDED TO SUPPLEMENT, BUT NOT REPLACE ANY APPLICABLE STATE AND FEDERAL LAWS GOVERNING CONFLICTS OF INTEREST APPLICABLE TO NONPROFIT AND CHARITABLE ORGANIZATIONS. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, THE INTERESTED PERSON SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS, AS THE CASE MAY BE, SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. ANY INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, THAT PERSON SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE CORPORATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE CORPORATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. The Real Estate Council Inc 5430 LBJ Freeway Ste 100 Dallas TX 75240 752342376 R E Support TX 501(C)(6) N/A NA false The Real Estate Council Foundation 5430 LBJ Freeway Ste 100 Dallas TX 75240 752510813 Comm Outreach TX 501(C)(3) 09 NA false The Real Estate COUNCIL PAC 5430 LBJ Freeway Ste 100 Dallas TX 75240 043590401 Campaign Supp TX 527 N/A NA false false false false false false false false false false false false false true false true false false false