Form 990 for tax year 2024
Filed by BORDERPLEX COMMUNITY CAPITAL INC.
Totals
- Total revenue
- $80,591
- Total expenses
- $92,413
- Contributions and grants received
- $23,126
- Grants paid
- $0
- Program service revenue
- $20,157
- Investment income
- $37,308
- Other revenue
- $0
- Total assets, end of year
- $4,356,775
- Total liabilities, end of year
- $159,679
- Net assets or fund balances, end of year
- $4,197,096
- Program services expenses (Part IX)
- $42,479
- Management and general expenses
- $48,822
- Fundraising expenses
- $1,112
- Program service expenses (Part III)
- $42,479
Program services were 46.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$18,126
-
1f · All other contributions, gifts and grants
$5,000
-
2a · Program service revenue: Other income
total $433 · related or exempt $433
-
2b · Program service revenue: Portfolio management fees
total $12,829 · excluded $12,829
-
2c · Program service revenue: Recovery of prior credits
total $6,895 · excluded $6,895
-
3 · Investment income
total $37,007 · related or exempt $31,679 · excluded $5,328
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $1,008,196
-
7b · Less cost or other basis and sales expenses
securities $1,007,895
-
7c · Gain or loss
securities $301
-
7d · Net gain or loss
total $301 · related or exempt $301
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $12,744 · program services $12,744
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $1,251 · program services $1,251
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $17,203 · management and general $17,203
-
11c · Fees: accounting
total $5,965 · management and general $5,965
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $32,847 · program services $12,839 · management and general $18,896 · fundraising $1,112
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $6,454 · program services $3,227 · management and general $3,227
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $7,166 · program services $7,166
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $167 · program services $167
-
23 · Insurance
total $46 · management and general $46
-
24a · Other expenses: Reserve for uncollectible acct
total $4,563 · program services $4,563
-
24b · Other expenses: Administration fee expense
total $2,628 · management and general $2,628
-
24c · Other expenses: Meetings
total $857 · management and general $857
-
24d · Other expenses: Program/Project Expenses
total $522 · program services $522
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $20 · end of year $20
-
2 · Savings and temporary cash investments
beginning of year $1,052,784 · end of year $1,634,847
-
3 · Pledges and grants receivable
beginning of year $283,344 · end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
beginning of year $2,873,055 · end of year $2,717,077
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$4,998
-
10b · Land, buildings and equipment: accumulated depreciation
$167
-
10c · Land, buildings and equipment, net
end of year $4,831
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $284 · end of year $7,805
-
19 · Deferred revenue
end of year $151,874
-
25 · Other liabilities
beginning of year $1
-
27 · Net assets without donor restrictions
beginning of year $4,208,918 · end of year $4,197,096
Mission and programs · 2024
Mission
To provide safe and affordable capital and education by providing in the Borderplex region, which comprises El Paso County, Texas, Dona Ana County, New Mexico, and Cd. Juarez, Mexico, exclusively for charitable, educational, scientific and other exempt purposes under section 501(c)(3) of the Code.
-
1. Community Lending ProgramDisbursed $122,750.00 affordable loans to small businesses and nonprofits, supporting microloans, equipment, and working capital, and helping create and retain jobs in underserved communities.2. Capital Leveraging & PartnershipsLeveraged approved $500,000 in City of El Paso funding and $170,000 in interest buy-down support, and a $300,000 CDFI Fund TA award, expanding lending capacity, reducing borrower costs, and multiplying community impact.3. Technical Assistance & Capacity BuildingProvided financial literacy, loan readiness, and compliance support to women, veterans, and minority entrepreneurs, strengthening creditworthiness and long-term business sustainability.Other Program ServicesConducted community outreach across El Paso and southern New Mexico, promoting financial inclusion and increasing awareness of BCCs loan and TA programs through workshops, events, and direct engagement.
Expenses $42,479
As filed on the 2024 return.
Listed in Part VII
-
Richard E Pearson
Chairman/Direct
- Total calculated
- $448,535
- From this org
- $0
- From related orgs
- $347,175
- Other
- $101,360
- Hours/week
- 1.5 + 37.5 related
Schedule J breakdown matched by us
- Base
- not reported + $291,103 related
- Bonus
- not reported + $55,713 related
- Other
- not reported + $359 related
- Deferred
- not reported + $69,000 related
- Nontaxable benefits
- not reported + $32,360 related
- Filer's total
- not reported + $448,535 related
-
Hector Villegas
President & CEO
- Total calculated
- $300,953
- From this org
- $0
- From related orgs
- $209,516
- Other
- $91,437
- Hours/week
- 37.5 + 37.5 related
Schedule J breakdown matched by us
- Base
- not reported + $209,000 related
- Bonus
- not reported
- Other
- not reported + $516 related
- Deferred
- not reported + $52,250 related
- Nontaxable benefits
- not reported + $39,187 related
- Filer's total
- not reported + $300,953 related
-
David Villalba
Secretary
- Total calculated
- $12,743
- From this org
- $12,635
- From related orgs
- $0
- Other
- $108
- Hours/week
- 40
-
Manny Pacillas
ViceChairm/Dir
- Total calculated
- $0
- Hours/week
- 1
-
Laura Ponce
Treasurer/Dir
- Total calculated
- $0
- Hours/week
- 1
-
Joe Alcantar Jr
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Satish Bhaskar
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Laura Butler
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Marcos Delgado
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Pat Gordon
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Myriam Guerrero
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Georgina Hernandez
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Liliana Miranda
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Marcela Navarrete
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Paul Porras
Director
- Total calculated
- $0
- Hours/week
- 0.5
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501 (c) (3) · Refer to supplemental information · TX
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 29 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202513029349302271
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