SAN MARCOS REINVESTMENT CORPORATION

SAN MARCOS, TX | Hays County
Affordable Housing

Overview

SAN MARCOS REINVESTMENT CORPORATION
74-2710381
1201 THORPE LANE
SAN MARCOS, TX 78666
Hays County
(512) 353-5058

Mission Statement info

TO PROMOTE THE DEVELOPMENT AND PRESERVATION OF AFFORDABLE HOUSING IN THE LOW INCOME INNER-CITY NEIGHBORHOODS OF THE CITY OF SAN MARCOS AND HAYS COUNTY, TEXAS. ITS PRIMARY ACTIVITY WILL BE THE ACQUISITION AND REHABILITATION OR NEW CONSTRUCTION OF HOUSING THAT WILL BE AFFORDABLE TO LOW INCOME FAMILIES. THE HOUSING WILL BE MADE AVAILABLE TO LOW INCOME FAMILIES THROUGH SALE, LEASE OR LEASE-PURCHASE PROGRAMS DESIGNED TO KEEP THE HOUSING AFFORDABLE TO FAMILIES FOR THE LONGEST TERM.

Founded info
2004
Total Employees info
0
Total Volunteers info
0
CRA Category info
  • Affordable Housing
Nonprofit location info
  • LMI Census Tract
  • Majority Minority Census Tract
Awards & Certifications info
  • This nonprofit has not received any CRA awards or certifications.
Nonprofit Classification (NTEE Code) info
L20

L - Housing, Shelter

Housing Development, Construction & Management

Organizations that build, rehabilitate, manage and/or provide rental housing for low-income individuals and families, older adults and people with disabilities; or which make purchasable housing available to low or moderate income families by offering lower priced housing and/or affordable payment plans, by arranging for interest or mortgage subsidies or by involving eventual owners in the construction process (sweat equity). Use this code for organizations that provide housing services for a wide range of individuals or for those that offer housing options for low income tenants that are not specified below.

IRS Activity Codes info
995
Uncoded
380
Low-income housing
-
Not reported
Standard Business Classification (NAICS Code) info
624229
Other Community Housing Services

CRA Alignment

CRA Category info
Affordable Housing
Creation, rehabilitation, operation or preservation of affordable housing.
CRA Certification info
Has not applied.
Awards & Certifications info
Community Development Financial Institution info
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$302
Revenue
$302
Assets
$374.1K
Exempt Ruling Date info
1995-07
Deductibility Status info
Deductible
Tax Filing Year info
2017
Organization Type info
Corporation
Organization Tax Filing Status info
990 - Required to file Form 990-N - Income less than $25,000 per year
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
States Where Tax Return is Filed info
Not reported
Basis for Foundation/Public Charity Status info
Organization normally receives no more than one-third of support from gross investment and unrelated business income and at same time more than one-third of its support from contributions, fees and gross receipts related to exempt purposes 509(a)(2)
IRS Reported Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

Nonprofit Location

Physical Address info
1201 THORPE LANE
SAN MARCOS, TX 78666
Hays County
FIPS Geocoded Address info
12420
MSA/CBSA info
48
State info
209
County info
0103.04
Tract info
Low
Income Level info
Core-Based Statistical Area info
Austin-Round Rock-Georgetown, TX
Combined Statistical Area info
Not located in a CSA.
Metropolitan Division info
Not located in an MD.
Area Type info
Metropolitan Statistical Area
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 61.24%
Designated Distressed Census Tract info
Underserved Census Tract info

Market Data

Census Tract County
0103.04 Hays County
Population
Total Population 6,855 213,366
Total Households 2,708 73,437
Income
Median Family Income (Census*) $21,702 $68,717
Median Family Income (2019 FFIEC) $95,900 N/A
Tract Income Percentage 27.47% N/A
Below Poverty Level 54.1% 13.7%
Unemployment Level 12.1% 4.6%
Housing
Total Housing Units 3,022 78,715
Total Owner-Occupied Units 11.0% 62.3%
Total Renter-Occupied Units 78.6% 37.7%
Total Vacant Units 10.4% 6.4%
* Census tract income based on 2019 Census estimated data; County income based on 2019 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

5
Total Voting Members
in Governing Body
info
5
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
Lana Wagner
(512) 353-5058
Principal Officer info
Lana Wagner
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Wistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit www.learncra.com.