East Texas Regional Development Company Inc
- Assets
- $45.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Kilgore, TX
- Founding
- 02/1983
- Data as of
- 09/2021
- EIN
- 75-1851544
Organization Overview
East Texas Regional Development Company Inc is located in Kilgore, TX. The organization was established in 1983. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. East Texas Regional Development Company Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 09/2021, East Texas Regional Development Company Inc generated $100.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $81.9k during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
ETRDC RECEIVES LOAN REQUESTS SUBMITTED BY SMALL BUSINESSES FOR SBA 504 LOANS AND CHAPMAN LOANS. THE LOANS HELP CREATE OR RETAIN FULL-TIME PERMANENT EMPLOYMENT IN THE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ms Natalie Lynch Secretary | 1 | $0 | |
Mr Hunter Hilburn Director | 1 | $0 | |
Mr Luke Kimbrough Director | 1 | $0 | |
Mr Troy Moore Director | 1 | $0 | |
Ms Denea Hudman Director | 1 | $0 | |
Mr Chuck Vanderbilt Regional Lending Manager | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $8 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $100,531 |
| Total Revenue | $100,539 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $49,718 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $388 |
| Other expenses | $31,841 |
| Total expenses | $81,947 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $45,927 |
| Other assets | $0 |
| Total assets | $45,927 |
| Total liabilities | $195,453 |
| Net assets or fund balances | -$149,526 |
Peer Organizations
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|---|---|---|
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World Technical Services Inc San Antonio, TX | $2,009,761 | $7,407,418 |
Delta Community Action Association Inc Tallulah, LA | $2,682,123 | $8,135,037 |
Cinco Ranch Residential Association Dallas, TX | $13,739,829 | $9,730,745 |
Fifth Ward Community Redevelopment Houston, TX | $11,525,956 | $8,246,995 |
Ozark Opportunities Inc Harrison, AR | $2,913,630 | $6,819,793 |
Southwest Oklahoma Community Action Group Inc Altus, OK | $4,395,408 | $6,280,585 |
Texas Appleseed Austin, TX | $7,949,482 | $7,859,791 |