Brownsville Housing Opportunity Corporation
- Assets
- $41.9m
- Revenue
- $7.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Brownsville, TX
- Founding
- 03/2001
- Data as of
- 06/2022
- EIN
- 74-2758007
Organization Overview
Brownsville Housing Opportunity Corporation is located in Brownsville, TX. The organization was established in 2001. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brownsville Housing Opportunity 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 06/2022, Brownsville Housing Opportunity Corporation generated $7.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 40.6% each year . All expenses for the organization totaled $6.1m during the year ending 06/2022. While expenses have increased by 35.8% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE DECENT AND AFFORDABLE HOUSING TO LOW-INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BROWNSVILLE HOUSING OPPORTUNITY CORPORATION (BHOC) WAS FORMED IN 1992 FOR THE PURPOSE OF BUILDING AFFORDABLE HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Luis Eduardo Garduno President | Officer | 1 | $0 |
Jesse A Miller Vice President | Officer | 1 | $0 |
Ruben Herrera Commissioner Director | Trustee | 1 | $0 |
Carla Y Mancha Employee Director | Officer | 8 | $0 |
Miguel Herrera Employee Director | Officer | 10 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $7,733,952 |
| Investment income | $24,030 |
| 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 | $7,777,710 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,138,731 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $262,419 |
| Payroll taxes | $0 |
| Fees for services: Management | $502,925 |
| Fees for services: Legal | $4,972 |
| Fees for services: Accounting | $55,714 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,166 |
| Advertising and promotion | $17,220 |
| Office expenses | $265,789 |
| Information technology | $19,236 |
| Royalties | $0 |
| Occupancy | $443,605 |
| Travel | $30,156 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,132 |
| Interest | $282,177 |
| Payments to affiliates | $192,282 |
| Depreciation, depletion, and amortization | $1,109,982 |
| Insurance | $564,859 |
| All other expenses | $4,124 |
| Total functional expenses | $6,115,109 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,178,266 |
| Savings and temporary cash investments | $4,321,527 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $130,046 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $537 |
| Prepaid expenses and deferred charges | $227,743 |
| Net Land, buildings, and equipment | $31,645,678 |
| Investments—publicly traded securities | $37,652 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $396,793 |
| Total assets | $41,938,242 |
| Accounts payable and accrued expenses | $41,588 |
| Grants payable | $0 |
| Deferred revenue | $8,500 |
| 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 | $9,094,500 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $362,821 |
| Total liabilities | $9,507,409 |
| Net assets without donor restrictions | $32,430,833 |
| 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 | $41,938,242 |