Brownsville Housing Opportunity Corporation
- Assets
- $40.7m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Brownsville, TX
- Founding
- 03/2001
- Data as of
- 06/2021
- 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 06/2021, Brownsville Housing Opportunity Corporation generated $6.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 43.8% each year . All expenses for the organization totaled $5.8m during the year ending 06/2021. While expenses have increased by 41.8% per year over the past 6 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
2021
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 |
Carla Y Mancha Employee Director | Officer | 8 | $0 |
Miguel Herrera Employee Director | Officer | 10 | $0 |
Ruben Herrera Director | Trustee | 1 | $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 | $6,049,223 |
| Investment income | $222,693 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,981 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,326,145 |
| 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 | $1,025,261 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $209,224 |
| Payroll taxes | $0 |
| Fees for services: Management | $484,970 |
| Fees for services: Legal | $4,032 |
| Fees for services: Accounting | $47,463 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,668 |
| Advertising and promotion | $16,731 |
| Office expenses | $335,853 |
| Information technology | $16,537 |
| Royalties | $0 |
| Occupancy | $453,900 |
| Travel | $18,366 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,534 |
| Interest | $509,713 |
| Payments to affiliates | $11,495 |
| Depreciation, depletion, and amortization | $1,111,880 |
| Insurance | $407,993 |
| All other expenses | $81,564 |
| Total functional expenses | $5,843,399 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,824,951 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $142,588 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $81 |
| Prepaid expenses and deferred charges | $228,116 |
| Net Land, buildings, and equipment | $32,046,205 |
| Investments—publicly traded securities | $35,952 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $378,924 |
| Total assets | $40,656,817 |
| Accounts payable and accrued expenses | $66,920 |
| Grants payable | $0 |
| Deferred revenue | $11,153 |
| 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 | $9,481,500 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $329,011 |
| Total liabilities | $9,888,584 |
| Net assets without donor restrictions | $30,768,233 |
| 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 | $40,656,817 |
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