Public Charity

COMMUNITY RESTORATION CORPORATION

COMMUNITY RESTORATION CORPORATION is a Public Charity headquartered in IRVING, TX. Financial data from the 2022 filing: $7.4M revenue, $284K expenses, $712K total assets. IRS filings disclose 6 grants awarded by this foundation, totaling roughly $2.7M.

EIN: 453774445 IRVING, TX Housing Support NTEE: L80 Latest filing: 2022
Total Revenue$7.4M
Total Expenses$284K
Total Assets$712K
Grants Given6
Grant Total$2.7M
Filing Years2018–2022

Mission

WORKING IN STRATEGIC PARTNERSHIP WITH A TEAM OF LOCAL ORGANIZATIONS, CRC ACQUIRED DISTRESSED MORTGAGES/NOTES AND REO PROPERTIES FROM LENDERS AND CREATES COMMUNITY-FOCUSED DISPOSITION STRATEGIES FOR THE ASSETS. BY TAKING A COMMUNITY-BASED APPROACH TO CREATING FLEXIBLE OPTIONS FOR FAMILIES TO PRESERVE HOMEOWNERSHIP OR PURSUING EXPEDITED SOLUTIONS FOR VACANT PROPERTIES CAUSING NEIGHBORHOOD BLIGHT, CRC IS ABLE TO COMPLEMENT EXISTING NEIGHBORHOOD STABILIZATION EFFORTS IN COMMUNITIES THAT HAVE BEEN SIGNIFICANTLY IMPACTED BY FORECLOSURES AND DISINVESTMENT.

Sample Grants Given

NEW YORK, NY · 2021
EXCESS PROGRAM FUNDS PERTAINING TO THE NEW YORK LOAN POOLS.
$750,000
BOSTON, MA · 2021
GOOD FAITH GRANT FOR EFFORTS IN ESTABLISHING CRC AND HELPING TO ACHIEVE ITS OBJECTIVES.
$33,393
NEW YORK, NY · 2020
EXCESS PROGRAM FUNDS PERTAINING TO THE NEW YORK LOAN POOLS.
$750,000
BOSTON, MA · 2020
GOOD FAITH GRANT FOR EFFORTS IN ESTABLISHING CRC AND HELPING TO ACHIEVE ITS OBJECTIVES.
$450,000
NCST MORTGAGE RESOLUTIONS LLC
WASHINGTON, DC · 2017
GOOD FAITH GRANT FOR EFFORTS IN ESTABLISHING CRC AND HELPING TO ACHIEVE ITS OBJECTIVES.
$351,152

Showing up to 5 of 6 total records — full history available with membership.

Officers & Directors

PRESIDENT Carlos Alcazar
DIRECTOR Eric Chatman
DIRECTOR (LEFT IN 2022) Erin Persons
SECRETARY Jennifer Hennemuth
DIRECTOR (LEFT IN 2022) Kate Monter Durban
TREASUER Matt Cameron

Officer compensation and complete director data available with membership.

Top Grant Purposes

EXCESS PROGRAM FUNDS PERTAINING TO THE NEW YORK LOAN POOLS.
$1,500,000 2 grants
GOOD FAITH GRANT FOR EFFORTS IN ESTABLISHING CRC AND HELPING TO ACHIEVE ITS OBJECTIVES.
$1,185,697 4 grants

Financial Trends

Year Revenue Expenses Assets
2022 $7.4M $284K $712K
2021 $9.2M $1.6M $697K
2020 $2.0M $2.9M $3.3M
2019 $5.0M $4.9M $5.1M
2018 $6.2M $10.0M $10.4M

Between 2018 and 2022, reported annual revenue grew from $6.2M to $7.4M (+18%), with total assets most recently reported at $712K.

Interactive year-over-year charts and full filing details available with membership.

Grant Geography

Grants from this foundation were reported to recipients in DC, MA, NY.

DCMANY

Full geographic grant map with state-by-state breakdown available with membership.

See the full picture for COMMUNITY RESTORATION CORPORATION

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