Tmc3 Development Corporation
- Assets
- $205.8m
- Revenue
- -$1.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- Data as of
- 12/2021
- EIN
- 84-3144648
Organization Overview
Tmc3 Development Corporation is located in Houston, TX. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tmc3 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Mckeon President/director | OfficerTrustee | 1 | $0 |
J Downey Bridgwater Chairman Of The Board/director | OfficerTrustee | 1 | $0 |
Dr Bernard Harris Vice-Chairman Of The Board/dir | OfficerTrustee | 1 | $0 |
Charles Hall Secretary/director | OfficerTrustee | 1 | $0 |
Robert Cruikshank Treasurer/director | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jt Vaughn Construction General Construction | 12/30/21 | $28,965,098 |
Transwestern Commercial Real Estate & Projec | 12/30/21 | $1,946,250 |
Ulrich Engineers Inc Construction Svcs | 12/30/21 | $157,109 |
Elkus Manfredi Architects Ltd Architectural Servic | 12/30/21 | $1,927,977 |
Neoscape Filming Services | 12/30/21 | $155,291 |
View All Vendors
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 | $0 |
| Investment income | -$1,230 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $212 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$1,018 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | -$10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,600 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $570 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $22,375 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $14,545 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,320 |
| 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 | $0 |
| Net Land, buildings, and equipment | $69,415,562 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $136,339,607 |
| Total assets | $205,789,489 |
| Accounts payable and accrued expenses | $8,710,890 |
| Grants payable | $0 |
| Deferred revenue | $143,231,484 |
| 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 | $31,299,314 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $16,769 |
| Total liabilities | $183,258,457 |
| Net assets without donor restrictions | $22,531,032 |
| 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 | $205,789,489 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tmc3 Development Corporation has recieved totaling $22,546,308.
| Awarding Organization | Amount |
|---|---|
Texas Medical Center Houston, TX PURPOSE: GENERAL SUPPORT OF ONGOING PROGRAMS | $22,546,308 |
View Grant Recipient Profile
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Methodist Patient Centered Aco Dallas, TX | $1,181,995 | $6,532,302 |
Cook Childrens Health Enterprises Fort Worth, TX | $6,566,964 | $6,620,654 |
Dallas Development Fund Dallas, TX | $6,293,260 | $6,735,720 |
St Lukes Sugar Land Properties Corporation Houston, TX | $99,661,908 | $127,637 |
Oneshare International Irving, TX | $7,405,964 | $7,020,317 |
Community Outreach And Patient Empowerment Inc Gallup, NM | $3,855,730 | $4,650,355 |
Crescentcare Holdings Inc New Orleans, LA | $17,127,658 | $277,342 |
Lafayette General Foundation Inc Lafayette, LA | $15,401,276 | $4,645,711 |
Foundation For Education & Research In Vision Inc Houston, TX | $10,023,691 | $1,315,802 |
Staurolite Resources Santa Fe, NM | $0 | $3,410,137 |
Nohc Inc New Orleans, LA | $4,353,405 | $535,211 |
Texas Medical Center Venture Fund Houston, TX | $28,801,322 | $1,210,068 |