Cen-Tex Certified Development Corporation

Organization Overview

Cen-Tex Certified Development Corporation is located in Austin, TX. The organization was established in 1992. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Cen-Tex Certified Development Corporation employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cen-Tex Certified 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 06/2022, Cen-Tex Certified Development Corporation generated $7.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $3.8m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO ASSIST AND PROMOTE THE GROWTH AND DEVELOPMENT OF SMALL BUSINESSES IN TEXAS AND TO FACILITATE HOUSING INITIATIVES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

BUSINESS LENDING - THE ORGANIZATION PROCESSES AND SERVICES SBA LOANS FOR SMALL BUSINESSES THAT DO NOT QUALIFY FOR CONVENTIONAL FINANCING. LOANS ARE MADE TO SMALL BUSINESSES FROM GRANT FUNDS AND CONTRIBUTIONS FROM VARIOUS BUSINESSES AND LOCAL GOVERNMENTS AS WELL AS INTEREST EARNINGS AND PRINCIPAL RETURNED TO THE LOAN FUND POOL. DURING FISCAL YEAR 2022, THE ORGANIZATION DISBURSED OVER $5 MILLION IN LOANS.


COMMUNITY DEVELOPMENT - THE ORGANIZATION COUNSELED OVER 1,000 FAMILIES ON HOME FORECLOSURE AND MITIGATION, AND OVER 800 BUSINESSES WITH MANAGEMENT COUNSELING, BUSINESS MARKETING, GROWTH STRATEGIES, AND GENERAL BUSINESS START UP AND DEVELOPMENT.


HOUSING AND HOME OWNERSHIP - THE ORGANIZATION HELPS FAMILIES SECURE A HOME OF THEIR OWN AND BUILD THEIR ASSETS. THE ORGANIZATION'S SPECIALISTS WORK TO BUILD A CUSTOMIZED PLAN WITH CLIENTS TO HELP THEM ACHIEVE THEIR GOALS AT THEIR OWN PACE.


ENTREPRENEURSHIP - THE ORGANIZATION USES ITS KNOWLEDGE AND EXPERIENCE TO HELP SMALL BUSINESSES MEET THEIR GOALS.


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Board, Officers & Key Employees

Name (title)Compensation
Rosa Rios Valdez
Chief Executive Officer
$182,000
William Sutherland
Treasurer
$0
David Salinas
Chair
$0
Stacy Bowers
Secretary
$0
David Brennan
Director
$0
Dora Zapata
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $2,606,265
All other contributions, gifts, grants, and similar amounts not included above$3,121,912
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$5,728,177
Total Program Service Revenue$1,195,719
Investment income $30,499
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 $6,954,395

Grants Awarded

Over the last fiscal year, Cen-Tex Certified Development Corporation has awarded $605,400 in support to 3 organizations.

Grant RecipientAmount

BRIGHTPOINT DEVELOPMENT FUND

Org PageRecipient Profile

Fort Wayne, IN

PURPOSE: COMMUNITY LENDING

$393,600

LAFAYETTE NEIGHBORHOOD HOUSING SERVICES

Org PageRecipient Profile

Lafayette, IN

PURPOSE: COMMUNITY LENDING

$196,800

TEXAS COMMUNITY CAPITAL

Org PageRecipient Profile

Austin, TX

PURPOSE: COMMUNITY LENDING

$15,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Cen-Tex Certified Development Corporation has recieved totaling $296,786.

Awarding OrganizationAmount
Opportunity Finance Network

Philadelphia, PA

PURPOSE: FINANCE JUSTICE FUND SUBGRANT

$250,000
Mufg Union Bank Foundation Ag

Phoenix, AZ

PURPOSE: CHARITABLE

$35,000
Cba Fund

Washington, DC

PURPOSE: SMALL DOLLAR LENDING

$11,786
View Grant Recipient Profile

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