Form 990 for tax year 2023
Filed by COMMUNITY DEVELOPMENT CORPORATION OF BROWNSVILLE INC.
Totals
- Total revenue
- $18,797,437
- Total expenses
- $16,266,194
- Contributions and grants received
- $10,362,889
- Grants paid
- $1,146,577
- Program service revenue
- $6,942,673
- Investment income
- $1,492,138
- Other revenue
- -$263
- Total assets, end of year
- $74,526,617
- Total liabilities, end of year
- $50,352,353
- Net assets or fund balances, end of year
- $24,174,264
- Program services expenses (Part IX)
- $14,148,332
- Management and general expenses
- $2,117,862
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $14,148,332
Program services were 87.0% 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)
$3,302,153
-
1f · All other contributions, gifts and grants
$7,060,736
-
1g · Noncash contributions included above
$77,006
-
2a · Program service revenue: HOME & LOT SALES
total $3,810,906 · related or exempt $3,810,906
-
2b · Program service revenue: OTHER EARNED INCOME
total $2,150,455 · related or exempt $2,150,455
-
2c · Program service revenue: MANAGEMENT FEES
total $570,692 · related or exempt $570,692
-
2d · Program service revenue: NET FEES
total $238,585 · related or exempt $238,585
-
2e · Program service revenue: DEVELOPER FEES
total $172,035 · related or exempt $172,035
-
3 · Investment income
total $1,492,138 · excluded $1,492,138
-
6a · Gross rents
real property $723,541
-
6b · Less rental expenses
real property $723,804
-
6c · Rental income or loss
real property -$263
-
6d · Net rental income or loss
total -$263 · related or exempt -$263
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $1,146,577 · program services $1,146,577
-
5 · Compensation of officers, directors and key employees
total $326,469 · program services $136,072 · management and general $190,397
-
7 · Other salaries and wages
total $3,346,054 · program services $2,463,311 · management and general $882,743
-
8 · Pension plan contributions
total $207,997 · program services $170,660 · management and general $37,337
-
9 · Other employee benefits
total $413,406 · program services $339,197 · management and general $74,209
-
10 · Payroll taxes
total $291,173 · program services $238,906 · management and general $52,267
-
13 · Office expenses
total $31,541 · program services $22,101 · management and general $9,440
-
17 · Travel
total $139,863 · program services $98,435 · management and general $41,428
-
20 · Interest
total $1,099,975 · program services $953,483 · management and general $146,492
-
22 · Depreciation, depletion and amortization
total $77,644 · program services $17,275 · management and general $60,369
-
24a · Other expenses: COST OF HOMES & LOT SAL
total $4,438,018 · program services $4,438,018 · management and general $0
-
24b · Other expenses: CONTRACTUAL
total $2,535,901 · program services $2,407,521 · management and general $128,380
-
24c · Other expenses: OTHER
total $2,049,086 · program services $1,561,831 · management and general $487,255
-
24d · Other expenses: SUBSIDIARIES DIRECT EXP
total $146,272 · program services $146,272 · management and general $0
-
24e · All other expenses
total $16,218 · program services $8,673 · management and general $7,545
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $11,959,723 · end of year $13,713,574
-
3 · Pledges and grants receivable
beginning of year $1,094,916 · end of year $496,956
-
7 · Other notes and loans receivable
beginning of year $25,919,438 · end of year $31,372,051
-
8 · Inventories for sale or use
end of year $729,314
-
9 · Prepaid expenses and deferred charges
beginning of year $579,350 · end of year $658,413
-
10a · Land, buildings and equipment: cost or other basis
$2,902,974
-
10b · Land, buildings and equipment: accumulated depreciation
$1,470,171
-
10c · Land, buildings and equipment, net
beginning of year $702,526 · end of year $1,432,803
-
15 · Other assets
beginning of year $25,952,843 · end of year $26,123,506
-
17 · Accounts payable and accrued expenses
beginning of year $992,049 · end of year $2,539,862
-
19 · Deferred revenue
beginning of year $6,281,129 · end of year $5,514,822
-
23 · Secured mortgages and notes payable
beginning of year $28,362,956 · end of year $32,302,713
-
25 · Other liabilities
beginning of year $8,929,641 · end of year $9,994,956
-
27 · Net assets without donor restrictions
beginning of year $21,560,423 · end of year $24,090,918
-
28 · Net assets with donor restrictions
beginning of year $82,598 · end of year $83,346
Mission and programs · 2023
Mission
CDCB'S MISSION IS TO ASSIST LOW INCOME RESIDENTS TO IMPROVE THEIR FINANCIAL SECURITY THROUGH FINANCIAL EDUCATION, GED EDUCATION, JOB TRAINING, AND THE PRODUCTION, FINANCE, AND MANAGEMENT OF AFFORDABLE HOUSING.
-
TO ASSIST LOW-INCOME FAMILIES IN ATTAINING OR PRESERVING HOME OWNERSHIP OR AFFORDABLE RENTAL HOUSING THROUGH HOUSING COUNSELING, AFFORDABLE RENTS, BELOW MARKET FINANCING, CONSTRUCTION AND USE OF THE HOME DESIGNS AND TARGET OUTREACH. BUILT AND/OR FINANCED 57 SINGLE FAMILY HOMES FOR HOME OWNERSHIP, ASSISTED 155 FAMILIES WITH RENTAL ASSISTANCE, AND DEVELOPED 60 RENTAL UNITS. ASSISTED 795 FAMILIES WITH FIRST TIME HOME OWNERSHIP COUNSELING VISITS, MAKING 212 FAMILIES HOME BUYER READY, CONDUCTED 41 FINANCIAL EDUCATION CLASSES.
Expenses $13,234,508 · Grants $1,146,577 · Revenue $6,942,410
-
THE YOUTHBUILD PROGRAM SEEKS TO LINE JOB TRAINING EDUCATION ENHANCEMENT AND AFFORDABLE HOUSING PRODUCTION BY WORKING WITH DROP-OUT YOUTHS FROM LOW INCOME FAMILIES BETWEEN THE AGES OF 16 AND 24. CDCB YOUTHBUILD PROVIDES A RANGE OF SUPPORT SERVICES, INCLUDING CHILD CARE, ALONG WITH A TRAINING STIPEND. A MAJOR FOCUS IS TO PROVIDE WORK OPPORTUNITIES IN THE PARTICIPANT'S OWN NEIGHBORHOOD.YOUTHBUILD ENROLLED 43 STUDENTS, 28 STUDENTS PASSED THE GED, 43 GAINED THEIR NCCER AND OSHA CERTIFICATE, AND 29 STUDENTS WENT TO WORK OR HIGHER EDUCATION. 33 GAINED NIMS CNC CERTIFICATION & 22 OBTAINED NCCER WELDING CERTIFICATIONS.
Expenses $913,824
As filed on the 2023 return.
Listed in Part VII
-
Lynette Benavidez-VillarrealLYNETTE BENAVIDEZ-VILLARREAL
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Nathan BurkhartNATHAN BURKHART
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Mauricio PinaMAURICIO PINA
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Michael GonzalezMICHAEL GONZALEZ
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Oscar ZertucheOSCAR ZERTUCHE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Juan LoyaJUAN LOYA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gerardo MartinezGERARDO MARTINEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Eva GarciaEVA GARCIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Judy TelgeJUDY TELGE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nicole BucheriNICOLE BUCHERI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
April FloresAPRIL FLORES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Charles N Mitchell BennettCHARLES N MITCHELL BENNETT
CHIEF EXECUTIVE OFFICER
- Total calculated
- $182,904
- From this org
- $182,904
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $182,904
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $182,904
-
Edna OcegueraEDNA OCEGUERA
DEPUTY DIRECTOR
- Total calculated
- $143,565
- From this org
- $143,565
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50
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.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
RGV CASITAS INC
AFFORDABLE HOUSING · TX · income $0 · assets $3,338
Directly controlled by COMMUNITY DEV CORP OF ROWNSVILLE
-
EVERY STEP COUNTS
AFFORDABLE HOUSING · TX · income $723,804 · assets $8,325,233
Directly controlled by COMMUNITY DEV CORP OF ROWNSVILLE
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
LOS OLMOS LP
RELATED · AFFORDABLE HOUSING · TX · 0.01% owned · share of income -$302,033 · share of assets $98,474 · general or managing partner
-
CASITAS LANTANA LP
RELATED · AFFORDABLE HOUSING · TX · 0.01% owned · share of income -$93 · share of assets $136,066 · general or managing partner
-
CASITAS AZUCAR LP
RELATED · AFFORDABLE HOUSING · TX · 0.01% owned · share of income -$33 · share of assets $71,903
-
CDCBCCHA PALOMA LP
RELATED · AFFORDABLE HOUSING · TX · 0.01% owned · share of income -$26 · share of assets $56,982 · general or managing partner
-
HPN LEVERAGE II LLC
RELATED · AFFORDABLE HOUSING · LA · 33.33% owned · share of income $33,527 · share of assets $3,352,682
-
HPN LEVERAGE VII LLC
RELATED · AFFORDABLE HOUSING · LA · 25% owned · share of income $50,757 · share of assets $5,075,653
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
CASITAS AZUCAR GP LLC
C · AFFORDABLE HOUSING · TX · 100% owned · share of income -$33 · share of assets $127,374
-
CASITAS LANTANA GP LLC
C · AFFORDABLE HOUSING · TX · 100% owned · share of income -$93 · share of assets $379,819
-
LOS OLMOS GP LLC
C · AFFORDABLE HOUSING · TX · 100% owned · share of income -$302,033 · share of assets -$494,002
-
PALOMA LIVING GP LLC
C · AFFORDABLE HOUSING · TX · 100% owned · share of income -$26 · share of assets -$410
-
RIO GRANDE VALLEY MULTIBANK CO
C · LENDING · TX · 4.75% owned · share of income $18,313 · share of assets $1,065,592
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 18 February 2025
- IRS schema version
- 2023v6.0
- Source object
- 202500509349300830
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