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Nonprofiteer
← P V COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by P V COMMUNITY DEVELOPMENT CORPORATION.

Totals

Total revenue
$2,388,295
Total expenses
$1,636,857
Contributions and grants received
$431,314
Grants paid
$0
Program service revenue
$1,900,024
Investment income
$0
Other revenue
$56,957
Total assets, end of year
$17,639,511
Total liabilities, end of year
$11,321,774
Net assets or fund balances, end of year
$6,317,737
Program services expenses (Part IX)
$1,521,215
Management and general expenses
$115,642
Fundraising expenses
$0
Program service expenses (Part III)
$1,521,215

Program services were 92.9% 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)

    $431,314

  • 1g · Noncash contributions included above

    $412,126

  • 2a · Program service revenue: RENTAL INCOME

    total $1,857,098 · related or exempt $1,857,098

  • 2b · Program service revenue: RENTAL INCOME, RELATED

    total $42,926 · related or exempt $42,926

  • 11a · Other revenue: OTHER INCOME

    total $56,957 · related or exempt $56,957

  • 11e · Other revenue, total

    $56,957

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $43,386 · program services $43,386

  • 11a · Fees: management

    total $115,642 · management and general $115,642

  • 11b · Fees: legal

    total $10,846 · program services $10,846

  • 20 · Interest

    total $61,705 · program services $61,705

  • 22 · Depreciation, depletion and amortization

    total $584,303 · program services $584,303

  • 23 · Insurance

    total $58,757 · program services $58,757

  • 24a · Other expenses: BUILDING MAINTENANCE

    total $378,887 · program services $378,887

  • 24b · Other expenses: UTILITIES

    total $356,016 · program services $356,016

  • 24c · Other expenses: AGENCY CONTRACT

    total $19,964 · program services $19,964

  • 24d · Other expenses: PROPERTY TAXES

    total $4,261 · program services $4,261

  • 24e · All other expenses

    total $3,090 · program services $3,090

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $105,370 · end of year $211,475

  • 2 · Savings and temporary cash investments

    beginning of year $32,660 · end of year $106,994

  • 3 · Pledges and grants receivable

    beginning of year $153,302 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,888 · end of year $8,917

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

    $24,750,787

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

    $7,647,743

  • 10c · Land, buildings and equipment, net

    beginning of year $15,611,419 · end of year $17,103,044

  • 15 · Other assets

    beginning of year $1,725,447 · end of year $209,081

  • 23 · Secured mortgages and notes payable

    beginning of year $11,295,141 · end of year $10,936,619

  • 25 · Other liabilities

    beginning of year $345,973 · end of year $385,155

  • 27 · Net assets without donor restrictions

    beginning of year $1,821,494 · end of year $3,661,215

  • 28 · Net assets with donor restrictions

    beginning of year $4,167,478 · end of year $2,656,522

Mission and programs · 2023

Mission

TO ACQUIRE AND DEVELOP AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME FAMILIES, TO ACQUIRE AND DEVELOP PROGRAM FACILITIES FOR PROJECT VIDA (AN AFFILIATED ENTITY), AND TO SPONSOR MICROENTERPRISE TECHNICAL ASSISTANCE IN COORDINATION WITH PROJECT VIDA.

Activities or mission (Part I)

TO ACQUIRE AND DEVELOP AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME FAMILIES, TO ACQUIRE AND DEVELOP PROGRAM FACILITIES FOR PROJECT VIDA AND PROJECT VIDA HEALTH CENTER (AFFILIATES), AND TO SPONSOR MICROENTERPRISE TECHNICAL ASSISTANCE IN COORDINATION WITH PROJECT VIDA.

  • TO PROVIDE HOUSING AND ECONOMIC DEVELOPMENT SERVICES TO LOW AND MODERATE FAMILIES WITH CONSTRUCTION OF LOW RENT APARTMENTS.

    Expenses $1,501,260 · Revenue $1,956,981

  • TO SPONSOR MICROENTERPRISE TECHNICAL ASSISTANCE IN COORDINATION WITH PROJECT VIDA.

    Expenses $19,955

As filed on the 2023 return.

Listed in Part VII

  • Neal Locke

    CHAIR

    Total calculated
    $0
    Hours/week
    1.5

  • Perla Michel

    VICE-CHAIR/TREASURER

    Total calculated
    $0
    Hours/week
    1.5

  • Lee Ann Bondurant

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Diane Sowell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Karen Sutton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • William Schlesinger

    CO-DIRECTOR (FORMER)

    Total calculated
    $58,011
    From this org
    $0
    From related orgs
    $58,011
    Other
    $0
    Hours/week
    2 + 38 related

  • Carol Schlesinger

    CO-DIRECTOR (FORMER)

    Total calculated
    $31,950
    From this org
    $0
    From related orgs
    $31,950
    Other
    $0
    Hours/week
    2 + 38 related

  • Tim Davenport-Herbst

    CHIEF EXECUTIVE DIRECTOR

    Total calculated
    $15,607
    From this org
    $0
    From related orgs
    $15,607
    Other
    $0
    Hours/week
    20 + 20 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.

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.

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • PVCDC LINDA VISTA APARTMENTS LTD

    RELATED · TO PROVIDE HOUSING TO LOW-INCOME TENANTS · TX · 100% owned

  • PVCDC ST ANDREWS APARTMENTS

    RELATED · TO PROVIDE SUPPORTIVE HOUSING TO LOW-INCOME TENANTS WITH DISABILITIES. · TX

Provenance

Return type
form_990
Tax year
2023
Filed
15 July 2025
IRS schema version
2023v6.0
Source object
202541969349302334

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