Community Loan Center Of The Heart Of Texas
- Assets
- $599.8k
- Revenue
- $206.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Waco, TX
- Founding
- 04/2016
- Data as of
- 12/2021
- EIN
- 47-5549155
Organization Overview
Community Loan Center Of The Heart Of Texas is located in Waco, TX. The organization was established in 2016. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, 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. Community Loan Center Of The Heart Of Texas 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
TO OFFER INNOVATIVE LOANS THAT PROMOTE ENHANCED QUALITY OF LIFE OF LOW-TO-MODERATE INCOME PERSONS BY PROVIDING AN ALTERNATE SOURCE OF LOANS AWAY FROM LOCAL PAYDAY AND AUTO TITLE LENDERS WITH HIGH INTEREST RATES AND FEES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OFFER INNOVATIVE LOANS THAT PROMOTE ENHANCED QUALITY OF LIFE OF LOW-TO-MODERATE INCOME PERSONS BY PROVIDING AN ALTERNATE SOURCE OF LOANS AWAY FROM LOCAL PAYDAY AND AUTO TITLE LENDERS WITH HIGH INTEREST RATES AND FEES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Delisa Burnell-Smith Chair- Nov 1 | OfficerTrustee | 1 | $0 |
Linda Weaver Secretary-Nov 1 | OfficerTrustee | 1 | $0 |
Karen Saucedo Treasurer-Nov 1 | OfficerTrustee | 1 | $0 |
Chris Gutierrez Vice Chair-Nov 1 | OfficerTrustee | 1 | $0 |
Mike Stone Vice Chair-1/1-10/31: Director | Trustee | 1 | $0 |
Libby Cain Past Chair(11/1); Chair-Jan-Oct | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $106,305 |
| Investment income | $0 |
| 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 | $206,308 |
| 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 | $18,044 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $26 |
| Payroll taxes | $1,386 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $55,197 |
| Advertising and promotion | $0 |
| Office expenses | $917 |
| 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 | $9,881 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,618 |
| Insurance | $0 |
| All other expenses | $12,763 |
| Total functional expenses | $100,832 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $117,658 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $482,115 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $599,773 |
| Accounts payable and accrued expenses | $4,109 |
| 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 | $391,667 |
| Total liabilities | $395,776 |
| Net assets without donor restrictions | $203,997 |
| 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 | $599,773 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Community Loan Center Of The Heart Of Texas has recieved totaling $35,000.
| Awarding Organization | Amount |
|---|---|
Waco Foundation Waco, TX PURPOSE: Business Model Research | $35,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Orleans Physician Services Inc Marrero, LA | $14,295,398 | $37,317,749 |
Circuit Events Local Organizing Committee Austin, TX | $5,758,250 | $14,482,431 |
American Productivity & Quality Center Inc Houston, TX | $30,940,165 | $18,224,607 |
Dallas Tourism Public Improvement District Corporation Dallas, TX | $29,263,170 | $10,147,188 |
Better Business Bureau Of North Central Texas Inc Dallas, TX | $3,812,795 | $6,541,958 |
Arkansas Capital Corporation Little Rock, AR | $35,717,433 | $8,371,701 |
Open Compute Project Foundation Austin, TX | $5,357,330 | $7,132,647 |
San Antonio Tourism Public Improvement District Corporation San Antonio, TX | $8,579,205 | $6,386,484 |
William A Lawson Institute For Peace & Prosperity Houston, TX | $12,461,470 | $3,692,985 |
Dottie System Inc Baton Rouge, LA | $4,069,603 | $4,084,315 |
Oklahoma Alliance For Manufacturing Excellence Inc Tulsa, OK | $2,792,871 | $3,651,596 |
La Fe Preparatory School Inc El Paso, TX | $1,712,513 | $2,611,735 |