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Nonprofiteer
← SER COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by SER COMMUNITY DEVELOPMENT CORPORATION.

Totals

Total revenue
$285,957
Total expenses
$319,871
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$285,957
Other revenue
$0
Total assets, end of year
$4,228,284
Total liabilities, end of year
$654
Net assets or fund balances, end of year
$4,227,630
Program services expenses (Part IX)
$319,866
Management and general expenses
$5
Fundraising expenses
$0
Program service expenses (Part III)
$319,866

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 $216,214 · excluded $216,214

  • 7a · Gross sales of assets other than inventory

    securities $2,351,000

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

    securities $2,281,257

  • 7c · Gain or loss

    securities $69,743

  • 7d · Net gain or loss

    total $69,743 · excluded $69,743

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $32,633 · program services $32,633

  • 11c · Fees: accounting

    total $2,000 · program services $2,000

  • 13 · Office expenses

    total $35 · program services $35

  • 17 · Travel

    total $2,571 · program services $2,571

  • 19 · Conferences, conventions and meetings

    total $2,714 · program services $2,714

  • 21 · Payments to affiliates

    total $279,784 · program services $279,784

  • 24a · Other expenses: BOARD EXPENSES

    total $129 · program services $129

  • 24b · Other expenses: BANK SERVICE CHARGES

    total $5 · management and general $5

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $252,819 · end of year $87,745

  • 2 · Savings and temporary cash investments

    beginning of year $1,158,613 · end of year $1,706,686

  • 4 · Accounts receivable

    beginning of year $0 · end of year $22,371

  • 11 · Investments: publicly traded securities

    beginning of year $2,081,911 · end of year $794,234

  • 15 · Other assets

    beginning of year $822,030 · end of year $1,617,248

  • 17 · Accounts payable and accrued expenses

    beginning of year $36,184 · end of year $654

  • 27 · Net assets without donor restrictions

    beginning of year $4,279,189 · end of year $4,227,630

Mission and programs · 2023

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 $319,866

As filed on the 2023 return.

Listed in Part VII

  • STEVE ROSENCRANZ

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • SHEROO MUKHTIAR

    DIRECTOR (CEO, SER JOBS)

    Total calculated
    $241,064
    From this org
    $0
    From related orgs
    $234,033
    Other
    $7,031
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $234,033 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $7,031 related
    Filer's total
    $0 + $241,064 related

  • ESTELLA GONZALEZ

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • SAIED ALAVI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • READ BOLES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JOHN TORRES

    DIRECTOR (CFO, SER JOBS)

    Total calculated
    $53,172
    From this org
    $0
    From related orgs
    $53,172
    Other
    $0
    Hours/week
    2 + 40 related

  • GERALD EATON

    DIRECTOR (CFO, SER JOBS)

    Total calculated
    $122,870
    From this org
    $0
    From related orgs
    $110,484
    Other
    $12,386
    Hours/week
    2 + 40 related

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.

Provenance

Return type
form_990
Tax year
2023
Filed
15 July 2025
IRS schema version
2023v6.0
Source object
202521969349300242

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