Texas Housing Finance Corporation
Texas Housing Finance Corporation is a private foundation, based in Dallas, TX. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $5.8M in total assets. In 2025, it awarded 2 grants totaling $500K. Net investment income was $279K.
Texas Housing Finance Corporation at a glance
In short: Texas Housing Finance Corporation gave $500K across 2 grants in 2025 (avg $250K), mostly in Texas. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $500,000
- -33.3% vs 2024
- Grants made (2025)
- 2
- -33.3% vs 2024
- Average grant
- $250,000
- +0.0% vs 2024
- Median grant
- $250,000
- Total assets
- $5,761,946
- -4.8% vs 2024
- Primary geography
- Texas (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Texas Housing Finance Corporation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Community Dev Corp of Brownsville I ($250K). Together the top 2 received $500K.
Grant Size Distribution
16 grants across all recorded years
The most common grant size was under $50K: 8 grants of 16 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
Cities
How Texas Housing Finance Corporation gives
- Giving grew 400% from 2022 to 2025. Method
- In 2025 it paid out 190% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2025, annual grant giving ranged from $100K (2022) to $850K (2023). In 2025 it made 2 grants totaling $500K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Community Dev Corp of Brownsville I Brownsville, TX | Support Community Development Corporation of Brownsville, Incs continued operation of the DreamBuild volumetric modular housing model. | $250,000 |
| Texas Housing Conservancy Austin, TX | Support the scaling up of the Grantees preservation of workforcehousing under 80% of median, and the expansion of the Grantees model into new markets and operational capacity. | $250,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $5,761,946 | $284,854 | $563,852 | $500,000 | 2 | $563,852 | $279,351 | $296,476 |
| 2024 | $6,050,722 | $291,469 | $775,490 | $750,000 | 3 | $775,490 | $285,289 | $309,999 |
| 2023 | $6,534,543 | $149,725 | $470,200 | $850,000 | 7 | $470,200 | $145,506 | $347,314 |
| 2022 | $7,466,337 | $527,531 | $1,303,284 | $100,000 | 4 | $1,303,121 | $24,799 | $363,097 |
| 2021 | $7,647,176 | $4,549,006 | $277,821 | — | — | $277,659 | $4,315,655 | $314,277 |
| 2020 | $3,371,716 | $441,321 | $223,129 | — | — | — | $204 | $18,374 |
| 2019 | $3,152,608 | $53,352 | $394,564 | — | — | — | $907 | $20,892 |
Under IRS private-foundation payout rules, Texas Housing Finance Corporation reported a distributable amount of $296K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Texas Housing Finance Corporation is led by Michael T. Hernandez, President on every filing since 2019; 1 of 3 officers listed in 2025 is compensated.
Officers on the 2025 filing
Michael T. Hernandez
President
On filings since 2019
20 hrs/week
$31K (2025)
Frances Ferguson
Treasurer
Vice President → Treasurer, 2024
On filings since 2019
2 hrs/week
No compensation reported
Stephan Fairfield
Secretary
Director → Secretary, 2024
On filings since 2019
2 hrs/week
No compensation reported
Former officers (4)
- Former: James Logue (2019–2023) — Director
- Former: Rick Laber (2019–2023) — Director
- Former: Calvin Jones (2019–2022) — Secretary
- Former: Apolonio Flores (2019) — Director
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $31K, to Michael T Hernandez (President).
Frequently asked questions about Texas Housing Finance Corporation
How much does Texas Housing Finance Corporation give each year?
Texas Housing Finance Corporation gave $500K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $750K across 3 grants.
How large is Texas Housing Finance Corporation?
Texas Housing Finance Corporation reported $5.8M in total assets on its 2025 IRS Form 990-PF. It paid out $564K in qualifying distributions that year, against a required minimum of $296K (roughly 5% of its investment assets).
Where does Texas Housing Finance Corporation operate?
Texas Housing Finance Corporation has awarded grants in California, District of Columbia, Michigan, New York, Texas, Washington.
What is Texas Housing Finance Corporation's EIN?
Texas Housing Finance Corporation's EIN (Employer Identification Number) is 74-2617569. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS June 19, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 14, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS July 29, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 26, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 16, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS October 3, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 9, 2026)
- IRS filings on file for fiscal years 2019–2025
Explore Open Grants
Browse active grant opportunities in Texas Housing Finance Corporation's focus areas in our free grants database
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