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Nonprofiteer
← COMMUNITY DEVELOPMENT BUILDINGS CORPORATION

Form 990 for tax year 2024

Filed by COMMUNITY DEVELOPMENT BUILDINGS CORPORATION.

Totals

Total revenue
$281,583
Total expenses
$294,905
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$281,506
Investment income
$77
Other revenue
$0
Total assets, end of year
$875,556
Total liabilities, end of year
$693,217
Net assets or fund balances, end of year
$182,339
Program services expenses (Part IX)
$289,387
Management and general expenses
$5,518
Fundraising expenses
$0
Program service expenses (Part III)
$289,387

Program services were 98.1% 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

  • 2b · Program service revenue: Retroactive tax exemption refund

    total $101,506 · related or exempt $101,506 · 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 $77 · related or exempt $77 · 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

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $3,640 · program services $0 · management and general $3,640 · fundraising $0

  • 13 · Office expenses

    total $138 · management and general $138

  • 17 · Travel

    total $232 · management and general $232

  • 20 · Interest

    total $62,090 · program services $62,090

  • 22 · Depreciation, depletion and amortization

    total $39,113 · program services $39,113

  • 23 · Insurance

    total $15,080 · program services $13,572 · management and general $1,508

  • 24a · Other expenses: Bank Fees

    total $70 · program services $70 · management and general $0 · fundraising $0

  • 24b · Other expenses: Repairs and Maintenance

    total $163,346 · program services $163,346 · management and general $0 · fundraising $0

  • 24c · Other expenses: Property Taxes

    total $11,196 · program services $11,196 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $214,827 · end of year $89,730

  • 2 · Savings and temporary cash investments

    beginning of year $42 · end of year $101,577

  • 4 · Accounts receivable

    beginning of year $350 · end of year $510

  • 10a · Land, buildings and equipment: cost or other basis

    $950,832

  • 10b · Land, buildings and equipment: accumulated depreciation

    $267,093

  • 10c · Land, buildings and equipment, net

    beginning of year $710,702 · end of year $683,739

  • 17 · Accounts payable and accrued expenses

    beginning of year $33,640 · end of year $27,940

  • 23 · Secured mortgages and notes payable

    beginning of year $696,620 · end of year $665,277

  • 27 · Net assets without donor restrictions

    beginning of year $195,661 · end of year $182,339

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

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 $289,387 · Revenue $180,000

As filed on the 2024 return.

Listed in Part VII

  • Cosme Barcelo

    Chairman

    Total calculated
    $0
    Hours/week
    0.5

  • Alberto Luera

    Secretary

    Total calculated
    $0
    Hours/week
    0.25

  • Humberto Trevino

    Treasurer

    Total calculated
    $0
    Hours/week
    0.25

  • Amancio Chapa

    Vice Chairman

    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
2024
Filed
22 June 2026
IRS schema version
2024v5.0
Source object
202601739349300130

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