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← COMMUNITY LOAN CENTER OF GREATER HOUSTON

Form 990 for tax year 2024

Filed by COMMUNITY LOAN CENTER OF GREATER HOUSTON.

Totals

Total revenue
$191,018
Total expenses
$145,947
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$190,658
Investment income
$360
Other revenue
$0
Total assets, end of year
$1,000,191
Total liabilities, end of year
$565,125
Net assets or fund balances, end of year
$435,066
Program services expenses (Part IX)
$145,877
Management and general expenses
$70
Fundraising expenses
$0
Program service expenses (Part III)
$145,878

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.

  • 2a · Program service revenue: LOANS TO INDIVIDUAL

    total $190,658 · related or exempt $190,658

  • 3 · Investment income

    total $360 · related or exempt $360

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $65,000 · program services $65,000

  • 20 · Interest

    total $5,542 · program services $5,542

  • 24a · Other expenses: BAD DEBT

    total $75,335 · program services $75,335

  • 24b · Other expenses: BANK CHARGES

    total $70 · management and general $70

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $73,491 · end of year $20,608

  • 2 · Savings and temporary cash investments

    beginning of year $11,500 · end of year $1,756

  • 3 · Pledges and grants receivable

    beginning of year $10,000 · end of year $10,000

  • 4 · Accounts receivable

    beginning of year $857,505 · end of year $967,827

  • 24 · Unsecured notes and loans payable

    beginning of year $562,500 · end of year $565,125

  • 27 · Net assets without donor restrictions

    beginning of year $389,996 · end of year $435,066

Mission and programs · 2024

Mission

SMALL, LOW INTEREST LOANS

Activities or mission (Part I)

PROVIDE SMALL DOLLAR LOANS TO TO INDIVIDUALS WHO HAVE TROUBLE ACCESSING CREDIT

  • SMALL DOLLAR LOW INTEREST LOANS TO LOW WAGE EMPLOYEES IN THE GREATER

    Expenses $145,878 · Revenue $190,658

As filed on the 2024 return.

Listed in Part VII

  • T DEON WARNER

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • DREW MASTERSON

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • SHARON OWENS

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • PAUL CHARLES

    EXEC. DIRECTOR

    Total calculated
    $132,000
    From this org
    $0
    From related orgs
    $132,000
    Other
    $0
    Hours/week
    5

  • MICHAEL TREJO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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
20 March 2025
IRS schema version
2024v5.0
Source object
202540859349301854

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