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Nonprofiteer
← FORT WORTH LOCAL DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by FORT WORTH LOCAL DEVELOPMENT CORPORATION.

Totals

Total revenue
$227,239
Total expenses
$1,301,570
Contributions and grants received
$0
Grants paid
$121,155
Program service revenue
$4,000
Investment income
$157,918
Other revenue
$65,321
Total assets, end of year
$9,208,633
Total liabilities, end of year
$3,150
Net assets or fund balances, end of year
$9,205,483
Program services expenses (Part IX)
$752,017
Management and general expenses
$549,553
Fundraising expenses
$0
Program service expenses (Part III)
$752,017

Program services were 57.8% 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: MAIN STREET PROGRAM

    total $4,000 · related or exempt $4,000

  • 3 · Investment income

    total $157,918 · excluded $157,918

  • 5 · Royalties

    total $65,321 · excluded $65,321

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $121,155 · program services $121,155

  • 11a · Fees: management

    total $228,800 · management and general $228,800

  • 11c · Fees: accounting

    total $3,150 · management and general $3,150

  • 11g · Fees: other

    total $317,603 · management and general $317,603

  • 12 · Advertising and promotion

    total $536,551 · program services $536,551

  • 14 · Information technology

    total $38,000 · program services $38,000

  • 23 · Insurance

    total $1,021 · program services $1,021

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $54,963 · program services $54,963

  • 24b · Other expenses: BANK CHARGES

    total $284 · program services $284

  • 24c · Other expenses: URBAN MAIN PILOT PROGRA

    total $43 · program services $43

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $207,266 · end of year $1,296,608

  • 2 · Savings and temporary cash investments

    beginning of year $9,967,689 · end of year $7,767,370

  • 15 · Other assets

    beginning of year $144,655 · end of year $144,655

  • 17 · Accounts payable and accrued expenses

    beginning of year $39,796 · end of year $3,150

  • 27 · Net assets without donor restrictions

    beginning of year $10,279,814 · end of year $9,205,483

Mission and programs · 2022

Mission

THE ORGANIZATION IS A NON-PROFIT INCORPORATED TO PROMOTE, SPONSOR, AND COORDINATE A WIDE RANGE OF ACTIVITIES CENTERED AROUND JOB CREATION AND ECONOMIC DEVELOPMENT WITHIN THE CITY OF FORT WORTH. UNDER THE TEXAS DEVELOPMENT CORPORATION ACT BY THE AUTHORITY OF THE FORT WORTH CITY COUNCIL.

  • EXPENSES INCURRED FOR MAINTENANCE OF 18.8 ACRES OF VACANT LAND WITH PARCELS RANGING FROM 1/10 TO 9.7 ACRES IN AREAS ZONED FOR LOW-DENSITY MIXED USE, COMMERCIAL AND MODERATE INCOME NEIGHBORHOODS TO ENSURE FUTURE DESIREABLE DEVELOPMENT.

    Expenses $752,017 · Grants $121,155 · Revenue $4,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Carlos Flores

    TRUSTEE

    Total calculated
    $25,000
    From this org
    $0
    From related orgs
    $25,000
    Other
    $0
    Hours/week
    1 + 39 related

  • Michael Crane

    TRUSTEE

    Total calculated
    $25,000
    From this org
    $0
    From related orgs
    $25,000
    Other
    $0
    Hours/week
    1 + 39 related

  • Charles Lauersdorf

    TRUSTEE

    Total calculated
    $25,000
    From this org
    $0
    From related orgs
    $25,000
    Other
    $0
    Hours/week
    1 + 39 related

  • Jared Williams

    TRUSTEE

    Total calculated
    $25,000
    From this org
    $0
    From related orgs
    $25,000
    Other
    $0
    Hours/week
    1 + 39 related

  • Macy Hill

    TRUSTEE

    Total calculated
    $25,000
    From this org
    $0
    From related orgs
    $25,000
    Other
    $0
    Hours/week
    1 + 39 related

  • Chris Nettles

    TRUSTEE

    Total calculated
    $25,000
    From this org
    $0
    From related orgs
    $25,000
    Other
    $0
    Hours/week
    1 + 39 related

  • Elizabeth Beck

    TRUSTEE

    Total calculated
    $25,000
    From this org
    $0
    From related orgs
    $25,000
    Other
    $0
    Hours/week
    1 + 39 related

  • Jeanette Martinez

    TRUSTEE

    Total calculated
    $25,000
    From this org
    $0
    From related orgs
    $25,000
    Other
    $0
    Hours/week
    1 + 39 related

  • Mattie Parker

    TRUSTEE

    Total calculated
    $29,000
    From this org
    $0
    From related orgs
    $29,000
    Other
    $0
    Hours/week
    1 + 39 related

  • Gyna M Bivens

    PRESIDENT/CHAIRMAN

    Total calculated
    $25,000
    From this org
    $0
    From related orgs
    $25,000
    Other
    $0
    Hours/week
    1 + 39 related

  • Alan Blaylock

    VICE PRESIDENT

    Total calculated
    $25,000
    From this org
    $0
    From related orgs
    $25,000
    Other
    $0
    Hours/week
    1 + 39 related

  • Reginald Zeno

    TREASURER

    Total calculated
    $25,000
    From this org
    $0
    From related orgs
    $25,000
    Other
    $0
    Hours/week
    1 + 39 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

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.

  • CITY OF FORT WORTH

    170(B)(A)(V) · LOCAL GOVERNMENT · TX

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.

  • LANCASTER CORRIDOR REDEVELOPMENT LLC

    REAL ESTATE DEVELOPMENT · TX · income $0 · assets $1,299,660

    Directly controlled by FORT WORTH LOCAL DEVELOPMENT CORPORATION

Provenance

Return type
form_990
Tax year
2022
Filed
15 August 2024
IRS schema version
2022v5.0
Source object
202432289349301783

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