Guadalupe Economic Services Corporation
- Assets
- $12.8m
- Revenue
- $830.6k
- Investments
- $0.0
- Employees
- 15
- Location
- Lubbock, TX
- Founding
- 06/1984
- Data as of
- 09/2021
- EIN
- 75-1867465
Organization Overview
Guadalupe Economic Services Corporation is located in Lubbock, TX. The organization was established in 1984. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 09/2021, Guadalupe Economic Services Corporation employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Guadalupe Economic Services 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 09/2021, Guadalupe Economic Services Corporation generated $830.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $861.5k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (4.8%) per year over the past 5 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO GROW EDUCATE AND SUPPORT RURAL COMMUNITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
VISTA RITA BLANCA FARM LABOR APARTMENTS
THRIFT STORE
VISTA RITA BLANCA II
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diana Lopez Executive Director | Officer | 50 | $39,208 |
Benny Auilar Board Chairman | Trustee | 0 | $0 |
Mario Heredia Board Vice President | Trustee | 0 | $0 |
Anah Menjares Secretary/treasury | Trustee | 0 | $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 | $261,302 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $261,302 |
| Total Program Service Revenue | $568,691 |
| Investment income | $569 |
| 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 | $830,562 |
| 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. | $39,208 |
| Compensation of current officers, directors, key employees. | $3,208 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $164,138 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,516 |
| Payroll taxes | $22,009 |
| Fees for services: Management | $58,511 |
| Fees for services: Legal | $675 |
| Fees for services: Accounting | $23,422 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,448 |
| Office expenses | $17,947 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $217,386 |
| Travel | $5,751 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,222 |
| Interest | $110,415 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $114,213 |
| Insurance | $38,294 |
| All other expenses | $0 |
| Total functional expenses | $861,526 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,136,061 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,499 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $32,119 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $11,559,535 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,757,214 |
| Accounts payable and accrued expenses | $250,300 |
| 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 | $4,535,875 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,786,175 |
| Net assets without donor restrictions | $7,971,039 |
| 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 | $12,757,214 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Guadalupe Economic Services Corporation has recieved totaling $40,643.
| Awarding Organization | Amount |
|---|---|
Enterprise Community Partners Inc Columbia, MD PURPOSE: INNOVATION CHALLENGE AWARD | $25,253 |
Fuller Center Disaster Rebuilders Inc Americus, GA PURPOSE: Support Winter Storm Uri repairs | $9,654 |
Delivering Good Inc New York, NY PURPOSE: POVERTY ASSISTANCE | $5,736 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Commonwealth Multifamly Housing Corporation Temple, TX | $162,876,921 | $14,871,130 |
Christian Community Action Lewisville, TX | $16,536,025 | $11,902,772 |
Central Oklahoma Habitat For Humanity Inc Oklahoma City, OK | $15,945,462 | $9,628,435 |
Rebuilding Together Houston Houston, TX | $2,380,403 | $3,485,226 |
San Antonio Housing Trust Foundation Inc San Antonio, TX | $7,282,965 | $2,625,653 |
Community Enhancement Corporation Oklahoma City, OK | $19,292,408 | $1,589,887 |
New Braunfels Community Resources Inc New Braunfels, TX | $2,281,417 | $2,005,183 |
Community Restoration Corporation Irving, TX | $696,507 | $9,217,251 |
Texas Campaign For The Environment Fund Austin, TX | $1,503,965 | $2,333,632 |
Habitat For Humanity International Inc New Braunfels, TX | $2,364,963 | $1,297,778 |
Lutheran Properties Inc Austin, TX | $10,751,890 | $1,244,486 |
City Of Lubbock Housing Initiatives Lubbock, TX | $2,597,981 | $392,861 |