Central Texas Certified Development Company
- Assets
- $35.5k
- Revenue
- $147.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Belton, TX
- Founding
- 10/1983
- Data as of
- 12/2019
- EIN
- 74-2235418
Organization Overview
Central Texas Certified Development Company is located in Belton, TX. The organization was established in 1983. According to its NTEE Classification (A03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2019, Central Texas Certified Development Company employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Texas Certified Development Company is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2019, Central Texas Certified Development Company generated $147.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.7%) each year. All expenses for the organization totaled $199.2k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 5 years. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE LOAN PROGRAMS IN ORDER TO ASSIST IN ECONOMIC DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES VARIOUS LOAN SERVICES FOR THE CENTRAL TEXAS AREA INCLUDING SBA 504, SBA 7A GUARANTY, REVOLVING LOAN FUND PROGRAMS, TAFA & GREENLINE PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Van Smith President/ceo | Officer | 40 | $76,431 |
Randy Ramsey Director | OfficerTrustee | 0 | $0 |
Dan Yancey Director | OfficerTrustee | 0 | $0 |
Steve Watson Director | Trustee | 0 | $0 |
Mike Beevers Director | Trustee | 0 | $0 |
Jay Walker Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $71,509 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $71,509 |
| Total Program Service Revenue | $63,969 |
| Investment income | $12,440 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $147,918 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $76,431 |
| Compensation of current officers, directors, key employees. | $76,431 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $53,404 |
| Pension plan accruals and contributions | $15,886 |
| Other employee benefits | $4,809 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,593 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,745 |
| Office expenses | $1,689 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,628 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $333 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,308 |
| All other expenses | $0 |
| Total functional expenses | $199,159 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,323 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $152 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $35,475 |
| Accounts payable and accrued expenses | $8,850 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,850 |
| Net assets without donor restrictions | $26,625 |
| Net assets with donor restrictions | $0 |
| 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 | $35,475 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Central Texas Certified Development Company has recieved totaling $9,774.
| Awarding Organization | Amount |
|---|---|
Neighborhood Reinvestment Corp Washington, DC PURPOSE: FORECLOSURE MITIGATION AND COUNSELING | $9,774 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Choral Directors Oklahoma City, OK | $6,300,966 | $4,541,805 |
Radio Advertising Bureau Inc Irving, TX | $1,650,812 | $4,069,423 |
Alpfa Inc Austin, TX | $2,203,417 | $4,356,739 |
Texas Society Of Architects Austin, TX | $4,439,706 | $3,150,924 |
Houston Chapter American Institute Of Architects Houston, TX | $892,719 | $1,154,952 |
Womans Club Of Fort Worth Inc Fort Worth, TX | $3,875,727 | $886,310 |
Austin Chapter American Institute Of Architects Austin, TX | $1,324,649 | $1,027,697 |
Texas Press Association Austin, TX | $5,049,090 | $467,941 |
The American Coaster Enthusiasts Inc Grand Prairie, TX | $1,478,767 | $574,861 |
Louisiana Capital Certified Development Company Inc Lafayette, LA | $812,930 | $535,000 |
American Association Of Community Theatre Fort Worth, TX | $1,370,360 | $604,610 |
Aia Louisiana Baton Rouge, LA | $919,756 | $575,971 |