Skip to content
Nonprofiteer
← EL PASO COLLABORATIVE FOR COMMUNITY AND ECONOMIC DEVELOPMENT

Form 990 for tax year 2022

Filed by EL PASO COLLABORATIVE FOR COMMUNITY AND ECONOMIC DEVELOPMENT.

Totals

Total revenue
$400,581
Total expenses
$669,494
Contributions and grants received
$202,876
Grants paid
$0
Program service revenue
$167,527
Investment income
$10,048
Other revenue
$20,130
Total assets, end of year
$4,686,838
Total liabilities, end of year
$706,162
Net assets or fund balances, end of year
$3,980,676
Program services expenses (Part IX)
$588,932
Management and general expenses
$80,562
Fundraising expenses
$0
Program service expenses (Part III)
$588,932

Program services were 88.0% 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.

  • 1e · Government grants (contributions)

    $202,876

  • 2a · Program service revenue: RENT INCOME

    total $167,527 · related or exempt $167,527

  • 3 · Investment income

    total $10,048 · related or exempt $10,048

  • 11a · Other revenue: OTHER INCOME

    total $20,130 · related or exempt $20,130

  • 11e · Other revenue, total

    $20,130

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $132,173 · program services $118,956 · management and general $13,217

  • 9 · Other employee benefits

    total $11,474 · program services $10,240 · management and general $1,234

  • 10 · Payroll taxes

    total $10,029 · program services $9,026 · management and general $1,003

  • 11a · Fees: management

    total $41,070 · program services $35,853 · management and general $5,217

  • 11b · Fees: legal

    total $55,942 · program services $15,564 · management and general $40,378

  • 11g · Fees: other

    total $2,167 · program services $765 · management and general $1,402

  • 13 · Office expenses

    total $14,796 · program services $101 · management and general $14,695

  • 16 · Occupancy

    total $3,593 · program services $3,527 · management and general $66

  • 17 · Travel

    total $1,642 · management and general $1,642

  • 20 · Interest

    total $9,184 · program services $9,184

  • 22 · Depreciation, depletion and amortization

    total $43,592 · program services $43,592

  • 23 · Insurance

    total $26,020 · program services $26,020

  • 24a · Other expenses: RENTAL PROPERTY MAINTEN

    total $127,393 · program services $127,393

  • 24b · Other expenses: ARPA LOAN FORGIVENESS

    total $126,400 · program services $126,400

  • 24c · Other expenses: NSP LOAN FORGIVENESS

    total $40,902 · program services $40,902

  • 24d · Other expenses: PROJECT DEVELOPMENT

    total $15,529 · program services $15,529

  • 24e · All other expenses

    total $7,588 · program services $5,880 · management and general $1,708

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $689,743 · end of year $445,123

  • 2 · Savings and temporary cash investments

    beginning of year $201,789 · end of year $5,718

  • 4 · Accounts receivable

    beginning of year $1,540 · end of year $1,486

  • 7 · Other notes and loans receivable

    beginning of year $2,193,240 · end of year $2,394,622

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,654 · end of year $5,654

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

    $2,267,928

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

    $433,693

  • 10c · Land, buildings and equipment, net

    beginning of year $1,377,875 · end of year $1,834,235

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,559 · end of year $25,148

  • 19 · Deferred revenue

    end of year $157,124

  • 21 · Escrow or custodial account liability

    beginning of year $5,601 · end of year $7,884

  • 23 · Secured mortgages and notes payable

    beginning of year $200,000 · end of year $500,000

  • 25 · Other liabilities

    beginning of year $13,092 · end of year $16,006

  • 27 · Net assets without donor restrictions

    beginning of year $409,954 · end of year $564,906

  • 28 · Net assets with donor restrictions

    beginning of year $3,839,635 · end of year $3,415,770

Mission and programs · 2022

Mission

THE MISSION OF THE EL PASO COLLABORATIVE IS TO FACILITATE AFFORDABLE HOUSING AND SMALL BUSINESS AND ECONOMIC DEVELOPMENT IN EL PASO AND CONTIGUOUS COUNTIES. THE COLLABORATIVE IMPLEMENTS ITS MISSION BY PROVIDING LOAN PRODUCTS AND DEVELOPMENT SERVICES.

  • REVOLVING LOAN PROGRAMEPC IS A U.S. TREASURY CERTIFIED COMMUNITY LENDER. THE ORGANIZATION ADMINISTERS LOANS TO SMALL BUSINESSES AND POTENTIAL HOMEBUYERS IN UNDERSERVED COMMUNITIES IN THE EL PASO, TX AREA TO FACILITATE ECONOMIC DEVELOPMENT.

    Expenses $215,814 · Revenue $400,581

  • AFFORDABLE RENTAL PROGRAMEPC ACQUIRED 16 FORECLOSED SINGLE-FAMILY HOMES WITH FEDERAL FUNDS (HUD NSP2) AND AN ADDITIONAL 2 HOMES FROM THE CITY OF EL PASO (HUD NSP1). IN 2023, FOUR ADDITIONAL HOMES WERE PURCHASED. ALL 22 UNITS ARE RENTED BELOW MARKET RENTS TO LOW-MODERATE-MIDDLE INCOME HOUSEHOLDS.

    Expenses $373,118

As filed on the 2022 return.

Listed in Part VII

  • Lee Borundant

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Ron Munden

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Neal Locke

    CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Armando Avila

    SENIOR VICE PRESIENT

    Total calculated
    $0
    Hours/week
    1

  • Perla Michel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bill Schlesinger

    EXECUTIVE DIRECTOR

    Total calculated
    $50,604
    From this org
    $0
    From related orgs
    $50,604
    Other
    $0
    Hours/week
    4 + 36 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
2022
Filed
3 July 2024
IRS schema version
2022v5.0
Source object
202401859349301400

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.