Azteca Economic Developement Corporation
- Assets
- $4.8m
- Revenue
- $440.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Dimmitt, TX
- Founding
- 05/1991
- Data as of
- 12/2022
- EIN
- 75-1804813
Organization Overview
Azteca Economic Developement Corporation is located in Dimmitt, TX. The organization was established in 1991. 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. As of 12/2022, Azteca Economic Developement Corporation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Azteca Economic Developement 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 12/2022, Azteca Economic Developement Corporation generated $440.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $606.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LOW INCOME HOUSING TO FAMILIES ENGAGED PRIMARILY IN AGRICULTURAL EMPLOYMENT IN CASTRO COUNTY TEXAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE LOW INCOME HOUSING FOR APPROXIMATELY 64 FAMILIES ENGAGED IN AGRICULTURAL EMPLOYMENT IN CASTRO COUNTY TEXAS, UNDER SUPERVISION OF USDA DEVELOPEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maricela Flores Manager | Officer | 40 | $41,600 |
Joe Porter President | OfficerTrustee | 1 | $0 |
Linda Aguero Secretary | OfficerTrustee | 1 | $0 |
Mary Ewing Treasurer | OfficerTrustee | 1 | $0 |
Sulema Moreno Director | Trustee | 1 | $0 |
Juan Gonzales 0123 - 0923 Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gerardo Castillo Maintenance | 12/30/21 | $31,200 |
Sandra Castillo Janitorial | 12/30/21 | $2,150 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $108,469 |
| 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 | $108,469 |
| Total Program Service Revenue | $331,406 |
| Investment income | $317 |
| 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 | $440,192 |
| 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. | $46,103 |
| Compensation of current officers, directors, key employees. | $18,441 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,400 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,342 |
| Payroll taxes | $6,193 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,925 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,005 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $175,825 |
| Travel | $0 |
| 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 | $208,912 |
| Insurance | $29,618 |
| All other expenses | $0 |
| Total functional expenses | $606,054 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $319,555 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,232 |
| 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 | $23,673 |
| Net Land, buildings, and equipment | $4,488,880 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,833,340 |
| Accounts payable and accrued expenses | $8,456 |
| 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 | $960,933 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $40,480 |
| Total liabilities | $1,009,869 |
| Net assets without donor restrictions | $3,823,471 |
| 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 | $4,833,340 |