Brownsville Local Development Co Inc
- Assets
- $55.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Brownsville, TX
- Founding
- 02/1982
- Data as of
- 09/2022
- EIN
- 74-2210029
Organization Overview
Brownsville Local Development Co Inc is located in Brownsville, TX. The organization was established in 1982. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, 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. Brownsville Local Development Co 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 09/2022, Brownsville Local Development Co Inc generated $96.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $115.2k during the year ending 09/2022. While expenses have increased by 5.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Program Activity:
Part 3
TO OPERATE AND MANAGE THE SMALL BUSINESS ADMINSTRATION'S 504-B LOAN PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniela Sosa Executive Dir. | 40 | $5,865 | |
Lizzy Putegnat Director | 1 | $0 | |
Moises Gomez Secretary | 2 | $0 | |
Lloyd Molina Treasurer | 2 | $0 | |
Manuel Torres Vice Chair | 2 | $0 | |
Louie Tijerina Chairman | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $62,360 |
| Total Program Service Revenue | $33,864 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $96,224 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $94,412 |
| Professional fees and other payments to independent contractors | $3,300 |
| Occupancy, rent, utilities, and maintenance | $900 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $16,631 |
| Total expenses | $115,243 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $55,267 |
| Other assets | $0 |
| Total assets | $55,267 |
| Total liabilities | $17,500 |
| Net assets or fund balances | $37,767 |
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