2024-11-15T16:13:59-06:00 2023-12-31 742920819 ATCHLEY & ASSOCIATES LLP 1005 LA POSADA DRIVE AUSTIN TX 78752 990 2023-01-01 562492634 FRAMEWORKS COMMUNITY DEVELOPMENT CORPORATION INC FRAM 5123851500 2200 E MARTIN LUTHER KING JR BLVD AUSTIN TX 787023739 JOYCE MCDONALD EXECUTIVE DIRECTOR 5123851500 2024-11-15 1 1 RENAE DUNCAN P01257722 5123462086 2024-11-15 2023 2024-10-15 13:58:12Z JOYCE MCDONALD 2200 E MARTIN LUTHER KING JR BLVD AUSTIN TX 787023739 321714 0 X WWW.FRAMEWORKSCDC.ORG X 2004 TX PROVIDE HOME BUYER EDUCATION AND COUNSELING, FORECLOSURE PREVENTION COUNSELING, FINANCIAL LITERACY EDUCATION TO LOW INCOME INDIVIDUALS, AND FACILITATE AFFORDABLE HOUSING INCLUDING HOME OWNERSHIP AND RENTAL. 5 5 2 5 0 0 42000 58500 282943 262804 0 0 1269 410 326212 321714 0 0 0 0 195933 214926 0 0 10425 321274 322715 517207 537641 -190995 -215927 2341196 2079372 2217275 2171378 123921 -92006 PROVIDE HOME BUYER EDUCATION AND COUNSELING, FORECLOSURE PREVENTION COUNSELING, FINANCIAL LITERACY EDUCATION TO LOW INCOME INDIVIDUALS, AND FACILITATE AFFORDABLE HOUSING INCLUDING HOME OWNERSHIP AND RENTAL. 0 0 298673 163081 RENTAL PROPERTY 152308 9079 HOMEBUYER EDUCATION AND FORECLOSURE PREVENTION 13374 91054 ACQUISITION AND DEVELOPMENT 464355 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 9 0 1 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 0 0 X JOYCE MCDONALD 5123851500 2200 E MARTIN LUTHER KING JR BLVD AUSTIN TX 787023739 JOANN DEPENNING CHAIR 0.50 X X 0 0 0 ROGER DAVIS TREASURER 0.50 X X 0 0 0 REYNALDO VASQUEZ SECRETARY 0.50 X X 0 0 0 EDIE PHILLIPS VICE-CHAIR 0.50 X X 0 0 0 SHALANDA SMITH BOARD MEMBER 0.50 X 0 0 0 JOYCE MCDONALD EXECUTIVE DIRECTOR 50.00 X 136108 0 0 136108 0 0 1 0 0 0 0 58500 58500 ACQUISITION AND REHAB 531390 146545 146545 RENTAL PROPERTY 531110 107013 107013 HOME BUYER EDUCATION 611430 9246 9246 262804 OTHER REVENUE 900099 410 410 410 321714 263214 0 0 136108 119776 10888 5444 56931 50099 4554 2278 7542 6635 604 303 14345 12623 1148 574 18 18 3642 3642 6000 6000 1342 1342 45650 40172 3652 1826 2954 2954 70172 64663 5509 73996 73271 725 27779 17064 10715 RENTAL PROPERTY EXPENSE 34289 34289 REPAIRS AND MAINTENANCE 30166 30166 COMMUNICATIONS 7641 1604 6037 DUES AND SUBSCRIPTIONS 7195 4767 2428 11871 7866 4005 537641 464355 62861 10425 712380 491490 41570 74753 2132 2011 2133628 622610 1585014 1511018 100 100 2341196 2079372 23928 23927 33600 33600 1637553 1593033 522194 520818 2217275 2171378 X 123921 -92006 123921 -92006 2341196 2079372 -215927 0 X X 0 0 0 X 148790 157780 96188 42000 58500 503258 148790 157780 96188 42000 58500 503258 221736 281522 4757 728 4256 1269 410 11420 514678 1850082 0.54700 0.63860 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2094895 584966 1509929 5608 5608 0 33125 32036 1089 1511018 SECURITY DEPOSITS 19116 SBA EIDL LOAN 500000 LINE OF CREDIT 1702 520818 X 321714 0 321714 0 321714 537641 0 537641 0 537641 PART X, LINE 2: FRAMEWORKS COMMUNITY DEVELOPMENT CORPORATION, INC. IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES ON THEIR OPERATING INCOME UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT TO THE EXTENT OF UNRELATED BUSINESS INCOME, IF ANY. THE MOST SIGNIFICANT TAX POSITIONS OF FRAMEWORKS CDC ARE ITS ASSERTION THAT IT IS EXEMPT FROM INCOME TAXES AND ITS DETERMINATION OF WHETHER ANY AMOUNTS ARE SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT). MANAGEMENT HAS DETERMINED THAT FRAMEWORKS HAD NO ACTIVITIES SUBJECT TO UBIT DURING THE YEAR ENDED DECEMBER 31, 2023. ALL SIGNIFICANT TAX POSITIONS HAVE BEEN CONSIDERED BY MANAGEMENT AND IT HAS DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT ALL TAX POSITIONS WOULD BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. FRAMEWORKS CDC IS REQUIRED TO FILE FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX). ALL TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS) GENERALLY UP TO THREE YEARS FROM THE LATER OF THE ORIGINAL DUE DATE OR THE DATE THE TAX RETURN WAS FILED. THE DECEMBER 31, 2020, AND SUBSEQUENT TAX YEARS REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT 990 IS DISTRIBUTED TO THE BOARD OF DIRECTORS, TYPICALLY VIA EMAIL FOR APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS REGULARY MONITORS AND ENFORCES THE CONFLICT OF INTEREST POLICY AT EACH MEETING. FORM 990, PART VI, SECTION B, LINE 15A THE TEXAS ASSOCIATION OF COMMUNITY DEVELOPMENT CORPORATIONS (TACDC), A STATEWIDE ASSOCIATION OF COMMUNITY DEVELOPMENT CORPORATIONS PRODUCES AN ANNUAL SALARY REPORT THAT IS USED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WILL MAKE AVAILABLE THEIR GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS TO INTERESTED PARTIES WHO REQUEST THEM. PART XII, LINE 2C EXPLANATION THE OVERSIGHT POLICIES AND SELECTION OF AN INDEPENDENT ACCOUNTANT BY THE AUDIT COMMITTEE HAS NOT CHANGED SINCE THE PRIOR YEAR. FRAMEWORKS WESTGATE PROJECT LLC 701 TILLERY ST STE A-7B AUSTIN TX 78702 PURCHASE OF REAL PROPERTY TX FRAMEWORKS COMMUNITY DEVELOPMENT CORPORATION INC FRAMEWORKS WESTGATE PROJECT II LLC 701 TILLERY ST STE A-7B AUSTIN TX 78702 PURCHASE OF REAL PROPERTY TX FRAMEWORKS COMMUNITY DEVELOPMENT CORPORATION INC DDC MERRITT HERITAGE GP LLC 1515 W 35TH ST STE C AUSTIN TX 78703 PURCHASE OF REAL PROPERTY TX -35 FRAMEWORKS COMMUNITY DEVELOPMENT CORPORATION INC DDC MERRITT HERITAGE LTD 1515 W 35TH ST STE C AUSTIN TX 78703 PURCHASE OF REAL PROPERTY TX DDC MERRITT HERITAGE GP LLC 0 1 0.00010 DDC MERRITT HERITAGE LTD 1515 W 35TH ST STE C AUSTIN TX 78703 PURCHASE OF REAL PROPERTY TX FRAMEWORKS COMMUNITY DEVELOPMENT CORPORATION INC C 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0