2025-09-30T12:47:30-05:00 2024-12-31 420714325 RSM US LLP 19026 RIDGEWOOD PKWY STE 400 SAN ANTONIO TX 78259 990 2024-01-01 800718545 TREC COMMUNITY INVESTORS TREC 2146923600 3100 MCKINNON STREET 1150 DALLAS TX 752011104 JAMEE JOLLY CEO/PRESIDENT 2146923600 2025-09-29 1 0 REBECCA A RODRIGUEZ P01073764 2108286281 2025-09-29 2024 2025-03-06 01:10:19Z JAMEE JOLLY 3100 MCKINNON STREET 1150 DALLAS TX 752011104 7597589 0 X HTTPS://TRECCOMMUNITYINVESTORS.ORG X 2011 TX 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. 21 21 7 243 0 0 2210503 1997732 650663 703245 292484 272840 15770 298 3169420 2974115 714338 1268656 0 0 1179538 1300318 0 0 148176 1090266 1639688 2984142 4208662 185278 -1234547 9708983 9899656 1657910 2355567 8051073 7544089 X 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. 0 0 2973221 1268656 380638 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. 624042 0 1500 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. 226136 0 321107 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. 3823399 1 1 0 0 0 0 0 0 0 0 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 16 0 1 7 1 0 0 0 0 0 0 0 0 0 0 0 0 X 21 21 0 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 1 1 1 0 X LEANN RICHBURG 2146923600 3100 MCKINNON STREET 1150 DALLAS TX 752011104 RICK PERDUE CHAIRMAN 2.00 1.00 X X 0 0 0 HEATH CHEEK SECRETARY 0.50 0.00 X X 0 0 0 ANGELA DUNNING TREASURER 0.50 0.00 X X 0 0 0 DIANE CHAVEZ BOARD MEMBER 0.50 0.00 X 0 0 0 FERNANDO CEBALLOS BOARD MEMBER 0.50 0.00 X 0 0 0 SCOTT ROHRMAN BOARD MEMBER 0.50 0.25 X 0 0 0 ALEXIS COOK BOARD MEMBER 0.50 0.00 X 0 0 0 CHRISTIAN EVANS BOARD MEMBER 0.50 0.00 X 0 0 0 ALLISON HUBBARD BOARD MEMBER 0.50 0.00 X 0 0 0 STEPHANIE LAUGHLIN BOARD MEMBER 0.50 0.00 X 0 0 0 SAM LITTLEJOHN BOARD MEMBER 0.50 0.00 X 0 0 0 KEVIN WIERENGA BOARD MEMBER 0.50 0.00 X 0 0 0 ALTA MANTSCH BOARD MEMBER 0.50 0.00 X 0 0 0 COURTNEY SPELLICY BOARD MEMBER 0.50 0.00 X 0 0 0 DAVID LAWRENCE BOARD MEMBER 0.50 0.00 X 0 0 0 JEFF KOCHER BOARD MEMBER 0.50 0.00 X 0 0 0 KENT HOWARD BOARD MEMBER 0.50 0.00 X 0 0 0 DENISE FANSLER BOARD MEMBER 0.50 0.00 X 0 0 0 CHRIS NIXON BOARD MEMBER 0.50 0.00 X 0 0 0 KRISTIAN TELEKI BOARD MEMBER 0.50 0.00 X 0 0 0 MARCY HELFAND BOARD MEMBER 0.50 0.00 X 0 0 0 LINDA MCMAHON CEO/PRESIDENT (UNTIL 6/30/24) 22.00 18.00 X 130672 106913 8470 JAMEE JOLLY CEO/PRESIDENT 22.00 18.00 X 39943 32680 1657 SUMMER LOVELAND CFO/COO 20.00 20.00 X 146391 146391 23342 AMY STOVALL SR. DIRECTOR 17.20 22.80 X 43244 57322 25234 360250 343306 58703 2 0 1 0 CITYMARK 3100 MCKINNON ST DALLAS TX 75201 RENT 297073 1 372826 1624906 1997732 MANAGEMENT FEES 522291 382138 382138 DALLAS HOUSING OPPORTUNITY FUND F 522291 233423 233423 LOAN REVENUE 522291 87684 87684 703245 273488 273488 4622826 4623474 -648 -648 -648 OTHER INCOME 900099 298 298 298 2974115 703245 0 273138 1268656 1268656 334246 290794 26740 16712 791660 688744 63333 39583 20424 17769 1634 1021 64323 55963 5146 3214 89665 78009 7173 4483 39420 34295 3154 1971 353853 307852 28308 17693 88532 77022 7083 4427 73775 64184 5902 3689 165587 144061 13247 8279 290196 252470 23216 14510 5342 4648 427 267 36542 31792 2923 1827 2500 2175 200 125 49926 43436 3994 2496 24081 20951 1926 1204 IN KIND EXPENSES 467567 406784 37405 23378 STRATEGIC INITIATIVES 65944 57371 5276 3297 PROVISION FOR LOAN LOSS -23577 -23577 4208662 3823399 237087 148176 94785 101663 149799 2624229 106250 44628 1431330 1033793 95504 46763 486881 331871 175529 155010 3685766 1501605 3254672 3884390 715348 507575 9708983 9899656 14123 18484 252240 1308628 394586 217586 250833 250833 746128 560036 1657910 2355567 X 2911442 3521583 5139631 4022506 8051073 7544089 9708983 9899656 -1234547 727563 0 X 0 1 X 1 0 X 265739 1880598 1638709 2210503 1997732 7993281 265739 1880598 1638709 2210503 1997732 7993281 1044521 6948760 7540 109727 296041 273488 686796 31717 96967 15770 298 144752 8824829 1833542 0.78740 0.79160 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2021 AMOUNT: $ 31,717. 2022 AMOUNT: $ 96,967. 2023 AMOUNT: $ 15,770. 2024 AMOUNT: $ 298. SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS: DESCRIPTION: UNUSUAL GRANT DATE: 12/31/19 AMOUNT: 6000000. DESCRIPTION: MERGER DATE: 12/31/20 AMOUNT: 2239175. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 116874 112259 4615 56962 50923 6039 313045 168689 144356 155010 FIDELITY 500 INDEX FUND 3884390 F 3884390 RIGHT OF USE ASSETS 507575 507575 LEASE LIABILITIES 559619 INTERCOMPANY DUE TO/FROM 417 560036 X 4078258 727563 376580 1104143 2974115 0 2974115 4585242 376580 376580 4208662 0 4208662 PART X, LINE 2: TAX POSITIONS TAKEN RELATED TO TREC CI'S TAX EXEMPT STATUS, UNRELATED BUSINESS ACTIVITIES 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. ACCORDINGLY, TREC CI HAS NOT RECORDED AN INCOME TAX LIABILITY FOR UNCERTAIN TAX POSITIONS. 1 SCHOLARSHOT 2904 SWISS AVE DALLAS TX 75204 270232250 501(C)(3) 15000 0 SUPPORT OF HIGHER EDUCATION PROGRAMS ZAN WESLEY HOLMES COMMUNITY OUTREACH CENTER 2606 MARTIN LUTHER KING STE 202 DALLAS TX 75215 270054084 501(C)(3) 100000 0 RENOVATION OF COMMERCIAL BUILDING SOUTH DALLAS FAIR PARK INNERCITY COMMUNITY DEVELOPMENT CORPORATION 4907 SPRING AVE DALLAS TX 75210 752137179 501(C)(3) 75090 0 RENOVATION OF COMMERCIAL BUILDING 3 0 PART I, LINE 2: WE HAVE GRANT REPORTING WHICH IS PROVIDED TO US BY THE GRANTEE, IDENTIFYING USE OF THE FUNDS AND OUTCOME OF THE PROJECT FOR WHICH THE FUNDS WERE USED. THIS INCLUDES IDENTIFYING OTHER SOURCES OF FUNDS THEY HAVE RECEIVED. 0 0 0 0 0 0 0 0 0 SUMMER LOVELAND CFO/COO 101318 101318 45004 45004 69 69 3773 3773 7898 7898 158062 158062 0 0 LINDA MCMAHON CEO/PRESIDENT (UNTIL 6/30/24) 103070 84330 27500 22500 102 83 4045 3309 614 502 135331 110724 0 0 PART I, LINE 3 THE COMPENSATION FOR TOP MANAGEMENT OFFICIALS IS APPROVED BY AN INDEPENDENT COMPENSATION COMMITTEE FROM A RELATED ORGANIZATION. COMPENSATION IS COMPARED TO EXECUTIVE COMPENSATION BY REVIEWING COMPARABILITY DATA OF SIMILAR ORGANIZATIONS. THE APPROVAL OF COMPENSATION IS DOCUMENTED IN EMAIL CORRESPONDENCE AMONG THE COMPENSATION COMMITTEE. THE COMPENSATION OF ALL OTHER STAFF, INCLUDING OFFICERS WHO ARE EMPLOYEES, IS REVIEWED BY THE COMPENSATION COMMITTEE BASED ON RECOMMENDATION BY THE CEO. FORM 990, PART I, LINE 6, VOLUNTEERS: TREC COMMUNITY INVESTORS (TREC CI) UTILIZES VOLUNTEERS TO SERVE ON THE BOARD OF DIRECTORS, TO OVERSEE COMMITTEES. VOLUNTEERS ASSIST WITH ALL PROGRAMS AND EVENTS. FORM 990, PART VI, SECTION A, LINE 4 THE BLYAWS WERE REVISED FOR STANDARD UPDATES OF BUSINESS LANGUAGE. FORM 990, PART VI, SECTION B, LINE 11B A THOROUGH REVIEW IS PERFORMED BY THE RELATED ORGANIZATION'S TOP MANAGEMENT OFFICIALS. AFTER ALL EDITS HAVE BEEN INCORPORATED IN THE RETURN, THE FINAL COPY IS PROVIDED TO THE SIGNING OFFICER FOR REVIEW AND APPROVAL BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C TREC CI FOLLOWS A CONFLICT OF INTEREST POLICY. THE PURPOSE OF THE CONFLICT OF INTEREST POLICY (THE "POLICY") IS TO PROTECT THE INTERESTS OF THE FUND, WHEN IT IS CONTEMPLATING ENTERING INTO A TRANSACTION OR ARRANGEMENT THAT MIGHT BENEFIT THE PRIVATE INTEREST OF AN OFFICER, DIRECTOR OR COMMITTEE MEMBER OF THE FUND OR MIGHT RESULT IN A POSSIBLE EXCESS BENEFIT TRANSACTION. THE 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 WHO ARE 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 BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING DIRECTORS OR COMMITTEE MEMBERS, AS THE CASE MAY BE, SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, THE INTERESTED 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 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 BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE CORPORATION OR RELEVANT COMMITTEE CAN OBTAIN, WITH REASONABLE EFFORTS, A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT 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 BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS OR COMMITTEE MEMBERS 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, THE DISINTERESTED DIRECTORS OR COMMITTEE MEMBERS SHALL MAKE THE DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION FOR THE TOP MANAGEMENT OFFICIALS, IS APPROVED BY AN INDEPENDENT COMPENSATION COMMITTEE FROM A RELATED ORGANIZATION. THE COMPENSATION IS COMPARED TO EXECUTIVE COMPENSATION BY REVIEWING COMPARABILITY DATA OF SIMILAR ORGANIZATIONS. THE APPROVAL OF THE TOP MANAGEMENT OFFICIAL'S COMPENSATION IS DOCUMENTED IN EMAIL CORRESPONDENCE AMONG THE COMPENSATION COMMITTEE. THE COMPENSATION OF ALL OTHER STAFF, INCLUDING OFFICERS WHO ARE EMPLOYEES, IS REVIEWED BY THE COMPENSATION COMMITTEE BASED ON RECOMMENDATION BY THE CEO. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, GOVERNING DOCUMENTS, AND FORM 990 ARE MADE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. THE REAL ESTATE COUNCIL INC 3100 MCKINNON STREET 1150 DALLAS TX 75201 752342376 REAL ESTATE SUPPORT TX 501(C)(6) N/A 0 THE REAL ESTATE COUNCIL POLITICAL ACTION COMMITTEE 3100 MCKINNON STREET 1150 DALLAS TX 75201 043590401 CAMPAIGN SUPPORT TX 527 N/A 0 TREC SPECIAL EVENTS INC 3100 MCKINNON STREET 1150 DALLAS TX 75201 464671936 SPECIAL EVENT TX 501(C)(3) LINE 12A, I TREC COMMUNITY INVESTORS 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 1 1 1 1 TREC SPECIAL EVENTS INC C 372826 FMV THE REAL ESTATE COUNCIL INC O 851931 FMV THE REAL ESTATE COUNCIL INC P 338710 FMV THE REAL ESTATE COUNCIL INC Q 371463 FMV THE REAL ESTATE COUNCIL INC R 1296930 FMV THE REAL ESTATE COUNCIL INC S 902819 FMV