← COMMUNITY DEVELOPMENT CORPORATION OF BROWNSVILLE INC

Form 990 for tax year 2024

Filed by COMMUNITY DEVELOPMENT CORPORATION OF BROWNSVILLE INC.

Totals

Total revenue: $17,621,466
Total expenses: $14,574,963
Contributions and grants received: $8,911,349
Grants paid: $1,538,909
Program service revenue: $6,779,707
Investment income: $1,894,511
Other revenue: $35,899
Total assets, end of year: $97,936,432
Total liabilities, end of year: $70,715,665
Net assets or fund balances, end of year: $27,220,767
Program services expenses (Part IX): $12,650,641
Management and general expenses: $1,924,322
Fundraising expenses: $0
Program service expenses (Part III): $12,650,641

Program services were 86.8% 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.

1e · Government grants (contributions)

$4,828,842
1f · All other contributions, gifts and grants

$4,082,507
2a · Program service revenue: HOME & LOT SALES

total $2,125,133 · related or exempt $2,125,133
2b · Program service revenue: DEVELOPER FEES

total $1,528,300 · related or exempt $1,528,300
2c · Program service revenue: MANAGEMENT FEES

total $1,433,078 · related or exempt $1,433,078
2d · Program service revenue: OTHER EARNED INCOME

total $1,398,642 · related or exempt $1,398,642
2e · Program service revenue: NET FEES

total $294,554 · related or exempt $294,554
3 · Investment income

total $1,894,511 · excluded $1,894,511
6a · Gross rents

real property $1,260,925
6b · Less rental expenses

real property $1,225,026
6c · Rental income or loss

real property $35,899
6d · Net rental income or loss

total $35,899 · related or exempt $35,899

Functional expenses

Part IX, the statement of functional expenses.

2 · Grants to domestic individuals

total $1,538,909 · program services $1,538,909
5 · Compensation of officers, directors and key employees

total $347,015 · program services $144,636 · management and general $202,379
7 · Other salaries and wages

total $3,776,658 · program services $3,088,441 · management and general $688,217
8 · Pension plan contributions

total $247,781 · program services $203,248 · management and general $44,533
9 · Other employee benefits

total $457,734 · program services $375,467 · management and general $82,267
10 · Payroll taxes

total $334,460 · program services $274,349 · management and general $60,111
13 · Office expenses

total $44,730 · program services $32,670 · management and general $12,060
17 · Travel

total $165,973 · program services $119,046 · management and general $46,927
20 · Interest

total $1,600,198 · program services $1,350,003 · management and general $250,195
22 · Depreciation, depletion and amortization

total $157,153 · program services $74,286 · management and general $82,867
24a · Other expenses: OTHER

total $2,431,527 · program services $2,083,622 · management and general $347,905
24b · Other expenses: COST OF HOMES & LOT SAL

total $1,723,003 · program services $1,723,003 · management and general $0
24c · Other expenses: CONTRACTUAL

total $1,412,745 · program services $1,320,984 · management and general $91,761
24d · Other expenses: SUBSIDIARIES DIRECT EXP

total $311,756 · program services $311,756 · management and general $0
24e · All other expenses

total $25,321 · program services $10,221 · management and general $15,100

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $13,713,574 · end of year $10,996,270
3 · Pledges and grants receivable

beginning of year $496,956 · end of year $572,124
7 · Other notes and loans receivable

beginning of year $31,372,051 · end of year $46,244,182
8 · Inventories for sale or use

beginning of year $729,314 · end of year $918,820
9 · Prepaid expenses and deferred charges

beginning of year $658,413 · end of year $708,750
10a · Land, buildings and equipment: cost or other basis

$3,204,107
10b · Land, buildings and equipment: accumulated depreciation

$1,583,846
10c · Land, buildings and equipment, net

beginning of year $1,432,803 · end of year $1,620,261
15 · Other assets

beginning of year $26,123,506 · end of year $36,876,025
17 · Accounts payable and accrued expenses

beginning of year $2,539,862 · end of year $4,536,462
19 · Deferred revenue

beginning of year $5,514,822 · end of year $5,415,174
23 · Secured mortgages and notes payable

beginning of year $32,302,713 · end of year $34,857,618
25 · Other liabilities

beginning of year $9,994,956 · end of year $25,906,411
27 · Net assets without donor restrictions

beginning of year $24,090,918 · end of year $27,137,265
28 · Net assets with donor restrictions

beginning of year $83,346 · end of year $83,502

Mission and programs · 2024

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 32 SINGLE FAMILY HOMES FOR HOME OWNERSHIP, ASSISTED 137 FAMILIES WITH RENTAL ASSISTANCE, AND DEVELOPED 40 PERMANENT SUPPORTIVE HOUSING UNITS. ASSISTED 747 FAMILIES WITH FIRST TIME HOME OWNERSHIP COUNSELING VISITS, MAKING 181 FAMILIES HOME BUYER READY, CONDUCTED 41 FINANCIAL EDUCATION CLASSES.

Expenses $11,639,661 · Grants $1,538,909 · Revenue $6,815,606
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 35 STUDENTS, 34 STUDENTS PASSED THE GED, 35 GAINED THEIR NCCER AND OSHA CERTIFICATE, AND 27 STUDENTS WENT TO WORK OR HIGHER EDUCATION. 26 GAINED NIMS CNC CERTIFICATION & 32 OBTAINED NCCER WELDING CERTIFICATIONS.

Expenses $1,010,980

As filed on the 2024 return.

Listed in Part VII

Mauricio PinaMAURICIO PINA

VICE CHAIRMAN

Total calculated

$0

Hours/week

1
Nathan BurkhartNATHAN BURKHART

CHAIRMAN

Total calculated

$0

Hours/week

1
Michael GonzalezMICHAEL GONZALEZ

SECRETARY

Total calculated

$0

Hours/week

1
Eva GarciaEVA GARCIA

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
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
Hunter LohseHUNTER LOHSE

DIRECTOR

Total calculated

$0

Hours/week

1
Halley StapletonHALLEY STAPLETON

DIRECTOR

Total calculated

$0

Hours/week

1
Charles N Mitchell BennettCHARLES N MITCHELL BENNETT

CHIEF EXECUTIVE OFFICER

Total calculated

$195,884

From this org

$195,884

From related orgs

$0

Other

$0

Hours/week

50

Schedule J breakdown matched by us

Base

$195,884

Bonus

$0

Other

$0

Deferred

$0

Nontaxable benefits

$0

Filer's total

$195,884
Edna OcegueraEDNA OCEGUERA

DEPUTY DIRECTOR

Total calculated

$148,131

From this org

$148,131

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 $3,727

Directly controlled by COMMUNITY DEV CORP OF ROWNSVILLE
EVERY STEP COUNTS

AFFORDABLE HOUSING · TX · income $1,260,925 · assets $8,173,161

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 -$309,868 · share of assets $93,676 · general or managing partner
CASITAS LANTANA LP

RELATED · AFFORDABLE HOUSING · TX · 0.01% owned · share of income -$42 · share of assets $123,876 · general or managing partner
CASITAS AZUCAR LP

RELATED · AFFORDABLE HOUSING · TX · 0.01% owned · share of income -$3,043 · share of assets $68,507
CDCBCCHA PALOMA LP

RELATED · AFFORDABLE HOUSING · TX · 0.01% owned · share of income -$26 · share of assets $54,506 · general or managing partner
HPN LEVERAGE II LLC

RELATED · AFFORDABLE HOUSING · LA · 33.33% owned · share of income $1,547,836 · share of assets $4,900,518
HPN LEVERAGE VII LLC

RELATED · AFFORDABLE HOUSING · LA · 25% owned · share of income $50,756 · 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 -$31 · share of assets $127,343
CASITAS LANTANA GP LLC

C · AFFORDABLE HOUSING · TX · 100% owned · share of income -$42 · share of assets $379,777
LOS OLMOS GP LLC

C · AFFORDABLE HOUSING · TX · 100% owned · share of income -$309,868 · share of assets -$803,870
PALOMA LIVING GP LLC

C · AFFORDABLE HOUSING · TX · 100% owned · share of income -$26 · share of assets -$436
RIO GRANDE VALLEY MULTIBANK CO

C · LENDING · TX · 4.75% owned · share of income $23,476 · share of assets $1,186,115

Provenance

Return type: form_990
Tax year: 2024
Filed: 4 March 2026
IRS schema version: 2024v5.5
Source object: 202640709349301204

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