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Nonprofiteer
← SER QALICB

Form 990 for tax year 2024

Filed by SER QALICB.

Totals

Total revenue
$800
Total expenses
$301,632
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$800
Total assets, end of year
$7,068,121
Total liabilities, end of year
$54,865
Net assets or fund balances, end of year
$7,013,256
Program services expenses (Part IX)
$301,632
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$301,632

Program services were 100.0% 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.

  • 6a · Gross rents

    real property $800

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $800

  • 6d · Net rental income or loss

    total $800 · excluded $800

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $24 · program services $24

  • 13 · Office expenses

    total $70 · program services $70

  • 22 · Depreciation, depletion and amortization

    total $300,073 · program services $300,073

  • 23 · Insurance

    total $1,435 · program services $1,435

  • 24a · Other expenses: MISCELLANEOUS

    total $30 · program services $30

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $100 · end of year $1,300

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,190 · end of year $1,223

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

    $9,320,802

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

    $2,255,204

  • 10c · Land, buildings and equipment, net

    beginning of year $7,365,671 · end of year $7,065,598

  • 17 · Accounts payable and accrued expenses

    beginning of year $52,873 · end of year $54,465

  • 19 · Deferred revenue

    end of year $400

  • 27 · Net assets without donor restrictions

    beginning of year $7,314,088 · end of year $7,013,256

Mission and programs · 2024

Mission

SER QALICB PARTICIPATED IN A NEW MARKETS TAX CREDIT ("NMTC") TRANSACTION TO COMPLETE THE FINANCING OF THE RENOVATION OF A 22,000 SQUARE FOOT OFFICE BUILDING THAT HOUSES SER JOBS FOR PROGRESS OF THE TEXAS GULF COAST, A TEXAS NONPROFIT CORPORATION, WHICH PROVIDES THE COMMUNITY WITH ACCESS TO CAREER TRAINING, FINANCIAL EMPOWERMENT SERVICES, AND DIRECT ACCESS TO JOBS, LOCATED AT 1710 TELEPHONE ROAD, HOUSTON, TEXAS 77023.

Activities or mission (Part I)

SER QALICB IS A TEXAS NONPROFIT CORPORATION AND IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE SUPPORT AND BENEFIT OF SER JOBS. SER QALICB WAS FORMED ON APRIL 19, 2017 AND QUALIFIES AS AN ACTIVE LOW INCOME COMMUNITY BUSINESS FOR THE PURPOSE OF PARTICIPATING IN A NEW MARKETS TAX CREDIT ("NMTC") TRANSACTION TO COMPLETE THE FINANCING OF THE RENOVATION OF A 22,000 SQUARE FOOT OFFICE BUILDING THAT HOUSES SER JOBS FOR PROGRESS OF THE TEXAS GULF COAST, A TEXAS NONPROFIT CORPORATION, WHICH PROVIDES THE COMMUNITY WITH ACCESS TO CAREER TRAINING, FINANCIAL EMPOWERMENT SERVICES, AND DIRECT ACCESS TO JOBS, LOCATED AT 1710 TELEPHONE ROAD, HOUSTON, TEXAS 77023.THE NMTC MET THE SEVEN-YEAR COMPLIANCE PERIOD AND WAS UNWOUND ON JULY 18, 2024.

  • TO PROVIDE AND GENERATE TAX CREDITS CALLED NEW MARKETS TAX CREDITS.

    Expenses $301,632

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jose Villareal

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Cruz Hinojosa

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Sonia Medrano

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Leighton Chang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Liliana Rambo

    DIRECTOR (CEO, SER JOBS)

    Total calculated
    $0
    Hours/week
    2 + 40 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.

Provenance

Return type
form_990
Tax year
2024
Filed
7 July 2026
IRS schema version
2024v5.5
Source object
202601919349301315

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