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Nonprofiteer
← SER COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2024

Filed by SER COMMUNITY DEVELOPMENT CORPORATION.

Totals

Total revenue
$171,649
Total expenses
$115,049
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$171,649
Other revenue
$0
Total assets, end of year
$4,282,084
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$4,282,084
Program services expenses (Part IX)
$115,049
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$115,049

Program services were 100.0% 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.

  • 3 · Investment income

    total $236,590 · excluded $236,590

  • 7a · Gross sales of assets other than inventory

    securities $772,392

  • 7b · Less cost or other basis and sales expenses

    securities $750,779 · other assets $86,554

  • 7c · Gain or loss

    securities $21,613 · other assets -$86,554

  • 7d · Net gain or loss

    total -$64,941 · excluded -$64,941

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $164 · program services $164

  • 11c · Fees: accounting

    total $2,230 · program services $2,230

  • 21 · Payments to affiliates

    total $112,443 · program services $112,443

  • 24a · Other expenses: BANK FEES

    total $212 · program services $212

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $87,745 · end of year $346,826

  • 2 · Savings and temporary cash investments

    beginning of year $1,706,686 · end of year $1,200,278

  • 4 · Accounts receivable

    beginning of year $22,371 · end of year $44,604

  • 11 · Investments: publicly traded securities

    beginning of year $794,234 · end of year $506,822

  • 15 · Other assets

    beginning of year $1,617,248 · end of year $2,183,554

  • 17 · Accounts payable and accrued expenses

    beginning of year $654 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $4,227,630 · end of year $4,282,084

Mission and programs · 2024

Mission

SER CDC IS ORGANIZED AND AT ALL TIMES SHALL BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND/OR TO CARRY OUT THE PURPOSES OF SER-JOBS FOR PROGRESS OF THE TEXAS GULF COAST, INC.

  • TO SUPPORT THE MISSION OF SER JOBS THROUGH THE CREATION OF INCOME FROM INVESTMENTS, INCLUDING IN ENTREPRENEURIAL VENTURES.

    Expenses $115,049

As filed on the 2024 return.

Listed in Part VII

  • Steve Rosencranz

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Liliana Rambo

    CEO

    Total calculated
    $0
    Hours/week
    2 + 40 related

  • Saied Alavi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Read Boles

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
7 July 2026
IRS schema version
2024v5.5
Source object
202631919349301318

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