Form 990 for tax year 2022
Filed by COMMUNITY DEVELOPMENT BUILDINGS CORPORATION.
Totals
- Total revenue
- $180,056
- Total expenses
- $134,118
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $180,000
- Investment income
- $56
- Other revenue
- $0
- Total assets, end of year
- $875,645
- Total liabilities, end of year
- $724,772
- Net assets or fund balances, end of year
- $150,873
- Program services expenses (Part IX)
- $129,844
- Management and general expenses
- $4,274
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $129,844
Program services were 96.8% 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.
-
2a · Program service revenue: Rents
total $180,000 · related or exempt $180,000 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $56 · related or exempt $56 · unrelated business $0 · excluded $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6a · Gross rents
real property $0 · personal property $0
-
6b · Less rental expenses
real property $0 · personal property $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
7a · Gross sales of assets other than inventory
securities $0 · other assets $0
-
7b · Less cost or other basis and sales expenses
securities $0 · other assets $0
-
7c · Gain or loss
securities $0 · other assets $0
-
7d · Net gain or loss
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0 · unrelated business $0 · excluded $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $3,039 · management and general $3,039
-
13 · Office expenses
total $212 · management and general $212
-
20 · Interest
total $61,459 · program services $61,459
-
22 · Depreciation, depletion and amortization
total $41,192 · program services $41,192
-
23 · Insurance
total $10,227 · program services $9,204 · management and general $1,023
-
24a · Other expenses: Repairs
total $1,780 · program services $1,780 · management and general $0 · fundraising $0
-
24b · Other expenses: Property taxes
total $16,209 · program services $16,209 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $95,433 · end of year $130,749
-
2 · Savings and temporary cash investments
beginning of year $42 · end of year $41
-
4 · Accounts receivable
end of year $15,000
-
10a · Land, buildings and equipment: cost or other basis
$926,530
-
10b · Land, buildings and equipment: accumulated depreciation
$196,675
-
10c · Land, buildings and equipment, net
beginning of year $759,846 · end of year $729,855
-
17 · Accounts payable and accrued expenses
beginning of year $3,478 · end of year $1,008
-
23 · Secured mortgages and notes payable
beginning of year $746,909 · end of year $723,764
-
27 · Net assets without donor restrictions
beginning of year $104,934 · end of year $150,873
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2022
Mission
The Corporation is organized as a 501-c-2 for the exclusive purpose of holding title to property, collecting income there from, and turning over the entire amount thereof, less expenses, to an organization which itself is exempt under Section 501(a) of the Internal Revenue Code of 1986, or the corresponding provision of any future federal tax code.
-
The organization has only one program service - to hold title to property for a 501-c-3 organization, who is the sole member of the corporation. The organization continued its legal role of holding title to the property, receiving payments from the leaser, a public charter school operator and making payments to the lien holder, outstanding note holders, the insurance carriers and the taxing entities.
Expenses $129,844 · Revenue $180,000
As filed on the 2022 return.
Listed in Part VII
-
Guillermo Benavides
Chairman
- Total calculated
- $0
- Hours/week
- 0.25
-
Alberto Luera
Secretary
- Total calculated
- $0
- Hours/week
- 0.25
-
Cosme Barcelo
Treasurer
- Total calculated
- $0
- Hours/week
- 0.25
-
Jose S Garza
Vice Chairman
- Total calculated
- $0
- Hours/week
- 0.25
-
David Ojeda
Director
- Total calculated
- $0
- Hours/week
- 0.25
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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 8 July 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431909349301468
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