Nonprofit · EIN 56-2492634
FRAMEWORKS COMMUNITY DEVELOPMENT CORPORATION INC
Tax-exempt · AUSTIN, TX 78702
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $272,890 | $579,270 | -$306,380 | $1,748,361 | $2,146,747 | -$398,386 |
| December 31, 2023 | 990 | $321,714 | $537,641 | -$215,927 | $2,079,372 | $2,171,378 | -$92,006 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $83,509
- Program service revenue
- $189,381
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $125,634
- Other salaries and wages
- $58,692
- Salaries, compensation and benefits (total)
- $206,318
- Professional fundraising fees
- $0
- Accounting fees
- $8,993
- Occupancy
- $39,468
- Travel
- $4,159
- Depreciation
- $73,586
- Program services (functional)
- $499,558
- Management and general (functional)
- $69,880
- Fundraising (functional)
- $9,832
Balance sheet and other
- Total assets, start of year
- $2,079,372
- Total assets, end of year
- $1,748,361
- Total liabilities, end of year
- $2,146,747
- Net assets, end of year
- -$398,386
- Land, buildings and equipment
- $1,437,433
- Net assets without donor restrictions
- -$398,386
- Gross receipts
- $272,890
- Employees
- 2
- Volunteers
- 5
- Year formed
- 2004
- 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 |
|---|---|---|---|
| JOYCE MCDONALD | EXECUTIVE DIRECTOR Officer | 50 | $125,634 |
| JOANN DEPENNING | CHAIR Trustee or director, Officer | 0.5 | $0 |
| ROGER DAVIS | TREASURER Trustee or director, Officer | 0.5 | $0 |
| REYNALDO VASQUEZ | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| EDIE PHILLIPS | VICE-CHAIR Trustee or director, Officer | 0.5 | $0 |
| SHALANDA SMITH | BOARD MEMBER Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOYCE MCDONALD | EXECUTIVE DIRECTOR Officer | 50 | $136,108 |
| JOANN DEPENNING | CHAIR Trustee or director, Officer | 0.5 | $0 |
| ROGER DAVIS | TREASURER Trustee or director, Officer | 0.5 | $0 |
| REYNALDO VASQUEZ | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| EDIE PHILLIPS | VICE-CHAIR Trustee or director, Officer | 0.5 | $0 |
| SHALANDA SMITH | BOARD MEMBER Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 2200 E MARTIN LUTHER KING JR B, AUSTIN, TX 78702-1350
- In care of
- % JOYCE MCDONALD
- Principal officer (990 for 2024)
- JOYCE MCDONALD, 2200 E MARTIN LUTHER KING JR BLVD, AUSTIN, TX 787023739
- Signed the 990
- JOYCE MCDONALD, EXECUTIVE DIRECTOR
- Phone
- (512) 385-1500
- Website
- WWW.FRAMEWORKSCDC.ORG
- Return prepared by
- ATCHLEY & ASSOCIATES LLP
Mission
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.
Program accomplishments
- RENTAL PROPERTYExpenses $321,316 · revenue $117,336
- HOMEBUYER EDUCATION AND FORECLOSURE PREVENTIONExpenses $163,855 · revenue $6,532
- ACQUISITION AND DEVELOPMENTExpenses $14,387 · revenue $65,513
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
- 56-2492634
- 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
- 2005
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $1,748,361
- Income (IRS master file)
- $272,890
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $272,890 | $579,270 | $1,748,361 | XML |
| 990 | December 2023 | $321,714 | $537,641 | $2,079,372 | XML |
| 990 | December 2022 | $326,212 | $517,207 | $2,341,196 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 56-2492634).
Questions about FRAMEWORKS COMMUNITY DEVELOPMENT CORPORATION INC
- What is the EIN of FRAMEWORKS COMMUNITY DEVELOPMENT CORPORATION INC?
- The employer identification number (EIN) of FRAMEWORKS COMMUNITY DEVELOPMENT CORPORATION INC is 56-2492634.
- Is FRAMEWORKS COMMUNITY DEVELOPMENT CORPORATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to FRAMEWORKS COMMUNITY DEVELOPMENT CORPORATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FRAMEWORKS COMMUNITY DEVELOPMENT CORPORATION INC 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 FRAMEWORKS COMMUNITY DEVELOPMENT CORPORATION INC 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 FRAMEWORKS COMMUNITY DEVELOPMENT CORPORATION INC 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 FRAMEWORKS COMMUNITY DEVELOPMENT CORPORATION INC?
- The 990 for the year ended December 31, 2024 names JOYCE MCDONALD.
- Who are the officers and directors of FRAMEWORKS COMMUNITY DEVELOPMENT CORPORATION INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $125,634 (JOYCE MCDONALD, EXECUTIVE DIRECTOR).
- How much revenue does FRAMEWORKS COMMUNITY DEVELOPMENT CORPORATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $272,890, expenses of $579,270 and total assets of $1,748,361 at year end.
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