Harlingen Community Development Corporation
- Assets
- $19.7m
- Revenue
- $144.1k
- Investments
- $0.0
- Employees
- 6
- Location
- Harlingen, TX
- Founding
- 04/1992
- Data as of
- 09/2023
- EIN
- 74-2561727
Organization Overview
Harlingen Community Development Corporation is located in Harlingen, TX. The organization was established in 1992. According to its NTEE Classification (L82) the organization is classified as: Housing Expense Reduction Support, under the broad grouping of Housing & Shelter and related organizations. As of 09/2023, Harlingen Community Development Corporation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harlingen Community Development Corporation 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, Harlingen Community Development Corporation generated $144.1k 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 (27.3%) each year. All expenses for the organization totaled $1.3m during the year ending 09/2023. 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
PROVIDE AFFORDABLE HOUSING TO LOW TO MODERATE INCOME FAMILIES IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING PROGRAM: CONSTRUCTION OF NEW AFFORDABLE HOMES FOR LOW TO MODERATE INCOME FAMILIES.
WEATHERIZATION PROGRAM: AN ENERGY ASSISTANCE PROGRAM FOR SINGLE FAMILY HOMES AND PUBLIC HOUSING. THE HOMES AND APARTMENTS ARE MADE ENERGY EFFICIENT BY REPLACING INSULATION AND PROVIDING HVAC UNITS AND REFRIGERATORS.
RENTAL PROGRAM: PROVIDE RENTAL HOUSING FOR LOW TO MODERATE INCOME FAMILIES USING HUD INCOME GUIDELINES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alfredo Huerta Executive Director | Officer | 40 | $121,600 |
Ronnie Garcia Board Chair | Trustee | 2 | $0 |
Cheryl Bailey Vice Chair | Trustee | 4 | $0 |
Ellie Ahumada Secretary | Trustee | 2 | $0 |
Tina Puente Board Member | Trustee | 1 | $0 |
Mari Rivera Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Border Construction Home Construction | 9/29/19 | $367,530 |
South Texas Air & Refrigeration Central Hvac Srv | 9/29/19 | $243,211 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $45,517 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,517 |
| Total Program Service Revenue | $490,505 |
| Investment income | $16,563 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$485,898 |
| 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 | $77,461 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $144,148 |
| 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. | $121,600 |
| Compensation of current officers, directors, key employees. | $121,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $160,567 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $25,152 |
| 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 | $120,191 |
| Advertising and promotion | $110 |
| Office expenses | $6,390 |
| Information technology | $14,070 |
| Royalties | $0 |
| Occupancy | $41,041 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $53,337 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,436 |
| Insurance | $65,140 |
| All other expenses | $0 |
| Total functional expenses | $1,348,634 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $548,593 |
| Savings and temporary cash investments | $1,583,981 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,868 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $176,479 |
| Inventories for sale or use | $312,184 |
| Prepaid expenses and deferred charges | $168,589 |
| Net Land, buildings, and equipment | $16,927,714 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,741,408 |
| Accounts payable and accrued expenses | $601,077 |
| Grants payable | $0 |
| Deferred revenue | $25,425 |
| 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 | $13,208,501 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $13,835,003 |
| Net assets without donor restrictions | $6,174,957 |
| Net assets with donor restrictions | -$268,552 |
| 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 | $19,741,408 |