Harlingen Community Development Corporation
- Assets
- $6.7m
- Revenue
- $615.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Harlingen, TX
- Founding
- 04/1992
- Data as of
- 09/2020
- EIN
- 74-2561727
Organization Overview
Harlingen Community Development Corporation is located in Harlingen, TX. The organization was established in 1992. According to its NTEE Classification (L82) the organization is classified as: Housing Expense Reduction Support, under the broad grouping of Housing & Shelter and related organizations. As of 09/2020, Harlingen Community Development Corporation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harlingen Community 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.
For the year ending 09/2020, Harlingen Community Development Corporation generated $615.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $514.7k during the year ending 09/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE AFFORDABLE HOUSING TO LOW TO MODERATE INCOME FAMILIES IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WEATHERIZATION PROGRAM (AEP) AN ENERGY ASSISTANCE PROGRAM FOR SINGLE FAMILY HOMES AND PUBLIC HOUSING (APARTMENTS). THE HOMES AND APARTMENTS ARE MADE ENERGY EFFICIENT BY REPLACING INSULATION AND PROVIDING CENTRAL AIR/CENTRAL HEAT UNITS AND REFRIGERATORS. PROVIDE SERVICE TO 56 APARTMENTS.
HOUSING PROGRAM-CONSTRUCTION OF NEW AFFORDABLE HOFOR INCOME QUALIFIED (LOW TO MODERATE INCOME) FAMILYIES. MONEY FOR CONSTRUCTION CAME FROM A PARTNERSHIP WITH TEXAS STATE AFFORDABLE HOUSING IN FORMS OF LOANS WHICH WERE REPARD UPON SALE OF HOMES. COMPLETED 6 HOMES AND SOLD 6.
RENTAL HOUSING-PROVIDE RENTAL HOUSING FOR LOW TO MODERATE INCOME FAMILIES. RENTED 0 HOUSES AND 10 APARTMENTS DURING THE YEAR USING HUD INCOME GUIDELINES. ABOUT 50% OF THE FAMILIES HAVE SECTION 8 VOUCHERS.
WEATHERIZATION PROGRAM (AEP) AN ENERGY ASSISTANCE PROGRAM FOR SINGLE FAMILY HOMES AND PUBLIC HOUSING (APARTMENTS). THE HOMES AND APARTMENTS ARE MADE ENERGY EFFICIENT BY REPLACING INSULATION AND PROVIDING CENTRAL AIR/CENTRAL HEAT UNITS AND REFRIGERATORS. PROVIDE SERVICE TO 56 APARTMENTS.
HOUSING PROGRAM-CONSTRUCTION OF NEW AFFORDABLE HOFOR INCOME QUALIFIED (LOW TO MODERATE INCOME) FAMILYIES. MONEY FOR CONSTRUCTION CAME FROM A PARTNERSHIP WITH TEXAS STATE AFFORDABLE HOUSING IN FORMS OF LOANS WHICH WERE REPARD UPON SALE OF HOMES. COMPLETED 6 HOMES AND SOLD 6.
RENTAL HOUSING-PROVIDE RENTAL HOUSING FOR LOW TO MODERATE INCOME FAMILIES. RENTED 0 HOUSES AND 10 APARTMENTS DURING THE YEAR USING HUD INCOME GUIDELINES. ABOUT 50% OF THE FAMILIES HAVE SECTION 8 VOUCHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alfredo Huerta Executive Di | OfficerTrustee | 40 | $75,027 |
Cheryl A Bailey Board Vicech | OfficerTrustee | 4 | $0 |
Rosemary Valdez Treasurer | OfficerTrustee | 1 | $0 |
Mari Rivera Board Member | OfficerTrustee | 1 | $0 |
Ronnie Garcia Board Chair | OfficerTrustee | 2 | $0 |
Tina Puente Board Member | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Border Construction Home Construction | 9/29/19 | $367,530 |
South Texas Air & Refrigeration Central Hvac Srv | 9/29/19 | $243,211 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $100,378 |
| Investment income | $2,970 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $162,578 |
| 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 | $615,756 |
| Statement of Expenses | |
|---|---|
| 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. | $186,972 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,891 |
| Fees for services: Management | $27,391 |
| Fees for services: Legal | $2,116 |
| Fees for services: Accounting | $5,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,294 |
| Office expenses | $14,263 |
| Information technology | $7,766 |
| Royalties | $0 |
| Occupancy | $30,787 |
| Travel | $6,141 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $22,901 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,332 |
| Insurance | $50,093 |
| All other expenses | $0 |
| Total functional expenses | $514,680 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $507,036 |
| Savings and temporary cash investments | $196,360 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $196,900 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $314,700 |
| Inventories for sale or use | $57,679 |
| Prepaid expenses and deferred charges | $101,252 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,022,202 |
| Intangible assets | $0 |
| Other assets | $1,800 |
| Total assets | $6,702,200 |
| Accounts payable and accrued expenses | $75,590 |
| Grants payable | $0 |
| Deferred revenue | $3,867 |
| 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 | $3,294,053 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $277,073 |
| Total liabilities | $3,650,583 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $3,051,617 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Choctaw Home Finance Corporation Hugo, OK | $41,603,896 | $2,950,150 |
Mueller Foundation Austin, TX | $53,172,172 | $7,187,805 |
Urban Housing Of America Inc Louisiana Shreveport, LA | $2,533,018 | $1,195,924 |
Neighborhood Housing Services Of San Antonio Inc San Antonio, TX | $7,102,785 | $963,839 |
Nestquest Houston Inc Houston, TX | $268,703 | $911,720 |
United South Broadway Corporation Albuquerque, NM | $880,290 | $964,154 |
Harlingen Community Development Corporation Harlingen, TX | $6,702,200 | $615,756 |
Osage Financial Resources Inc An Oklahoma Non Profit Corporation Pawhuska, OK | $4,289,875 | $172,546 |
Middle Creek Housing Corporation Natchitoches, LA | $377,207 | $389,902 |
Gvec Charitable Foundation Gonzales, TX | $170,391 | $368,730 |
Arkla Good Neighbor Fuel Fund Shreveport La Houston, TX | $44,413 | $64,953 |
Tarrant County Furniture Bank Fort Worth, TX | $8,502 | $0 |