Has Development Corporation
- Assets
- $20.1m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 4
- Location
- Houston, TX
- Founding
- 12/2006
- Data as of
- 12/2021
- EIN
- 74-3027286
Organization Overview
Has Development Corporation is located in Houston, TX. The organization was established in 2006. According to its NTEE Classification (W40) the organization is classified as: Public Transportation Systems, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Has Development Corporation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Has 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 12/2021, Has Development Corporation generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 0.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION SEEKS TO PROMOTE AIR TRANSPORTATION, TRADE, AND ECONOMIC DEVELOPMENT FOR THE BENEFIT OF THE HOUSTON AIRPORT SYSTEM AND TO PROVIDE SERVICES, SUCH AS AIRPORT TECHNICAL ADVISORY SERVICES AND PERSONNEL TRAINING, TO AIRPORTS AROUND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TECHNICAL ADVISORY CONSULTING - THE ORGANIZATION GENERATES REVENUE BY PROVIDING AIRPORT TECHNICAL ADVISORY SERVICES BASED ON CONTRACTUAL ARRANGEMENTS.
MANAGEMENT CONTRACTS - THE ORGANIZATION PROVIDES AIRPORT SERVICES DESIGNED TO SUPPLY OPERATIONAL AND MANAGERIAL CONSULTING TO ITS CLIENTS.
SAN JACINTO COLLEGE DISTRICT GRANTS - DEVELOPMENT OF AN AEROSPACE AND AERONAUTICAL TRAINING FACILITY AT ELLINGTION FIELD.
MISCELLANEOUS REVENUE THAT SUPPORTS THE HOUSTON AIRPORT SYSTEM
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ada C Silva Assistant Treasurer | Officer | 40 | $240,000 |
Ramon E Miro Former President | 40 | $160,566 | |
Agustin Arellano President | Officer | 40 | $97,708 |
Eduardo Iglesias Assistant Secretary | Officer | 40 | $63,750 |
Michael Cox Vice Chairman | OfficerTrustee | 2 | $0 |
Mario Diaz Chairman Of The Board | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Korn Ferry (Us) Recruiting | 12/30/21 | $160,000 |
Alvaro Gonzalez Airport Mgmt Consulting | 12/30/21 | $189,313 |
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 | $1,473,526 |
| Investment income | $61,558 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,496 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,642,583 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $148,912 |
| 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. | $562,024 |
| Compensation of current officers, directors, key employees. | $514,951 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $34,997 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $150,582 |
| Fees for services: Accounting | $25,884 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $545,142 |
| Advertising and promotion | $6,227 |
| Office expenses | $14,686 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $53,814 |
| Travel | $40,975 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,515 |
| All other expenses | $32,781 |
| Total functional expenses | $1,813,317 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,115,845 |
| Savings and temporary cash investments | $8,499,853 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $259,117 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $66,500 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,797 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $7,035,018 |
| Intangible assets | $0 |
| Other assets | $136,902 |
| Total assets | $20,118,032 |
| Accounts payable and accrued expenses | $163,415 |
| 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 | $145,280 |
| Total liabilities | $308,695 |
| Net assets without donor restrictions | $19,809,337 |
| 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 | $20,118,032 |
Grants Awarded
Over the last fiscal year, Has Development Corporation has awarded $345,998 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SAN JACINTO COLLEGE DISTRICT PURPOSE: ELLINGTON FIELD DEVELOPMENT | $295,998 |
Houston, TX PURPOSE: CONSTRUCTION OF CHAPEL AT WILLIAM P. HOBBY AIRPORT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texoma Area Paratransit System Inc Sherman, TX | $3,547,459 | $3,262,902 |
Metroplan Little Rock, AR | $5,480,726 | $2,579,556 |
Mckinney Avenue Transit Authority Inc Dallas, TX | $1,666,425 | $2,237,823 |
Has Development Corporation Houston, TX | $20,118,032 | $1,642,583 |
Arkansas Transit Association Inc North Little Rock, AR | $4,326,481 | $770,783 |
Link Houston Houston, TX | $2,246,425 | $1,674,343 |
Southwest Transit Association Baton Rouge, LA | $282,006 | $321,475 |
Transportation Advocacy Group-Houston Region Houston, TX | $264,231 | $375,141 |
Oklahoma Transit Association Oklahoma City, OK | $994,088 | $278,489 |
La 1 Coalition Inc Thibodaux, LA | $3,446,102 | $354,650 |
Tta-Texas Transit Association Inc Austin, TX | $410,146 | $222,026 |
Tulsa Foundation For Architecture Tulsa, OK | $174,026 | $159,930 |