Community Development Corporation Of Brownsville Inc
- Assets
- $66.2m
- Revenue
- $21.3m
- Investments
- $0.0
- Employees
- 104
- Location
- Brownsville, TX
- Founding
- 10/1975
- Data as of
- 09/2023
- EIN
- 74-1835777
Organization Overview
Community Development Corporation Of Brownsville Inc is located in Brownsville, TX. The organization was established in 1975. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 09/2023, Community Development Corporation Of Brownsville Inc employed 104 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Development Corporation Of Brownsville Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Community Development Corporation Of Brownsville Inc generated $21.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $21.7m during the year ending 09/2023. While expenses have increased by 18.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CDCB'S MISSION IS TO ASSIST LOW INCOME RESIDENTS TO IMPROVE THEIR FINANCIAL SECURITY THROUGH FINANCIAL EDUCATION, GED EDUCATION, JOB TRAINING, AND THE PRODUCTION, FINANCE, AND MANAGEMENT OF AFFORDABLE HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ASSIST LOW-INCOME FAMILIES IN ATTAINING OR PRESERVING HOME OWNERSHIP OR AFFORDABLE RENTAL HOUSING THROUGH HOUSING COUNSELING, AFFORDABLE RENTS, BELOW MARKET FINANCING, CONSTRUCTION AND USE OF THE HOME DESIGNS AND TARGET OUTREACH. BUILT AND/OR FINANCED 68 SINGLE FAMILY HOMES FOR HOME OWNERSHIP, ASSISTED 455 FAMILIES WITH RENTAL ASSISTANCE, AND DEVELOPED 38 RENTAL UNITS. ASSISTED 803 FAMILIES WITH FIRST TIME HOME OWNERSHIP COUNSELING VISITS, MAKING 155 FAMILIES HOME BUYER READY, CONDUCTED 12 FINANCIAL EDUCATION CLASSES.
THE YOUTHBUILD PROGRAM SEEKS TO LINE JOB TRAINING EDUCATION ENHANCEMENT AND AFFORDABLE HOUSING PRODUCTION BY WORKING WITH DROP-OUT YOUTHS FROM LOW INCOME FAMILIES BETWEEN THE AGES OF 16 AND 24. CDCB YOUTHBUILD PROVIDES A RANGE OF SUPPORT SERVICES, INCLUDING CHILD CARE, ALONG WITH A TRAINING STIPEND. A MAJOR FOCUS IS TO PROVIDE WORK OPPORTUNITIES IN THE PARTICIPANT'S OWN NEIGHBORHOOD.YOUTHBUILD ENROLLED 34 STUDENTS, 26 STUDENTS PASSED THE GED, 30 GAINED THEIR NCCER AND OSHA CERTIFICATE, AND 33 STUDENTS WENT TO WORK OR HIGHER EDUCATION. 32 GAINED NIMS CNC CERTIFICATION & 31 OBTAINED MICROSOFT OFFICE SUITE CERTIFICATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Daisy Zamora Board Chair | OfficerTrustee | 1 | $0 |
Lynette Benavidez-Villarreal Vice Chair | OfficerTrustee | 1 | $0 |
Mauricio Pina Secretary | OfficerTrustee | 1 | $0 |
Nathan Burkhart Treasurer | OfficerTrustee | 1 | $0 |
Oscar Zertuche Director | Trustee | 1 | $0 |
Juan Loya Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
H & A Rgv Construction Corp General Contractor | 9/29/23 | $4,362,000 |
Jc Favela Builder Llc General Contractor | 9/29/23 | $343,116 |
Building Community Workshop Architectural Design | 9/29/23 | $312,627 |
Pederson Construction Co Inc General Contractor | 9/29/23 | $239,303 |
Lozcon Construction Business & Investmen General Contractor | 9/29/23 | $183,058 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,606,474 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,354,090 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,960,564 |
| Total Program Service Revenue | $11,629,117 |
| Investment income | $810,389 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$110,914 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,289,156 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,898,934 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $271,127 |
| Compensation of current officers, directors, key employees. | $158,121 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,818,221 |
| Pension plan accruals and contributions | $206,393 |
| Other employee benefits | $400,752 |
| Payroll taxes | $224,074 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $31,463 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $155,457 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,015,848 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $68,672 |
| Insurance | $0 |
| All other expenses | $595 |
| Total functional expenses | $21,689,443 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,959,723 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,094,916 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $25,919,438 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $579,350 |
| Net Land, buildings, and equipment | $702,526 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,952,843 |
| Total assets | $66,208,796 |
| Accounts payable and accrued expenses | $992,049 |
| Grants payable | $0 |
| Deferred revenue | $6,281,129 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $28,362,956 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,929,641 |
| Total liabilities | $44,565,775 |
| Net assets without donor restrictions | $21,560,423 |
| Net assets with donor restrictions | $82,598 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $66,208,796 |