Waco Community Development Corporation
- Assets
- $877.6k
- Revenue
- $706.8k
- Investments
- $0.0
- Employees
- 8
- Location
- Waco, TX
- Founding
- 08/2001
- Data as of
- 12/2021
- EIN
- 74-2995407
Organization Overview
Waco Community Development Corporation, operating under the name Grassroots Community Development, is located in Waco, TX. The organization was established in 2001. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Grassroots Community Development employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grassroots Community Development 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 12/2021, Grassroots Community Development generated $706.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $704.4k during the year ending 12/2021. While expenses have increased by 11.6% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ACHIEVE A BRIGHTER FUTURE FOR CHILDREN, NEIGHBORS AND COMMUNITIES BY INSPIRING AND CULTIVATING HEALTH NEIGHBORHOODS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF AFFORDABLE HOUSING AND PROPERTY MANAGEMENT TO LOW AND MODERATE INCOME PEOPLE. THE ORGANIZATION OWNS 6 RENTAL PROPERTIES OCCUPIED BY LOW AND MODERATE INCOME RESIDENTS. THE ORGANIZATION ALSO PURCHASES, REMODELS, AND RESELLS HOMES TO QUALIFYING INDIVIDUALS.
PROVISION OF HOUSING COUNSELING AND HOMEBUYER EDUCATION CLASSES TO LOW AND MODERATE INCOME PEOPLE. COUNSELING SERVICES INCLUDE PRE- AND POST-PURCHASE COUNSELING AS WELL AS FORECLOSURE/LOSS MITIGATION AND DOWNPAYMENT/CLOSING COST ASSISTANCE COUNSELING. OTHER SERVICES INCLUDE BUDGETING, FINANCIAL LITERACY, HOMEBUYER EDUCATION AND LOAN DOCUMENT PACKAGING CLASSES.
PROMOTION OF COMMUNITY AND ECONOMIC DEVELOPMENT. THE HANDS AND FEET SERVICE PROGRAM HELPS TO COORDINATE LOCAL SERVICE PROJECTS BY MATCHING GROUPS OF VOLUNTEERS WITH QUALIFYING RESIDENTS TO PERFORM REPAIRS AND MAINTENANCE ON LOW-INCOME HOMESTEADED HOMES. PROJECTS INCLUDE PAINTING, SCRAPING, AND MINOR SIDING REPAIRS, PROVIDING LEADERSHIP DEVELOPMENT CLASSES AND HELP THROUGH OUR COMMUNITY ORGANIZATION EFFORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Stone Executive Director | Officer | 40 | $88,000 |
Billy Davis President | OfficerTrustee | 1 | $0 |
Ken Cooper Treasurer | OfficerTrustee | 1 | $0 |
Daysi Barrera Vice President | OfficerTrustee | 1 | $0 |
Tim Holtkamp Secretary | OfficerTrustee | 1 | $0 |
Tara Briscoe Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $11,064 |
| Related organizations | $0 |
| Government grants | $431,009 |
| All other contributions, gifts, grants, and similar amounts not included above | $113,746 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $555,819 |
| Total Program Service Revenue | $8,292 |
| Investment income | $235 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $67,750 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$2,180 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,089 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $706,831 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $104,205 |
| Compensation of current officers, directors, key employees. | $6,984 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $215,378 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $30,192 |
| Payroll taxes | $24,371 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,401 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,490 |
| Office expenses | $69,896 |
| Information technology | $5,900 |
| Royalties | $0 |
| Occupancy | $165,681 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $797 |
| Interest | $17,610 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,206 |
| Insurance | $21,940 |
| All other expenses | $0 |
| Total functional expenses | $704,444 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $276,592 |
| Savings and temporary cash investments | $73,729 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,462 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $53,241 |
| Inventories for sale or use | $29,987 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $299,659 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $133,913 |
| Total assets | $877,583 |
| Accounts payable and accrued expenses | $17,693 |
| Grants payable | $0 |
| Deferred revenue | $98,038 |
| 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 | $645,533 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,800 |
| Total liabilities | $763,064 |
| Net assets without donor restrictions | $114,519 |
| 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 | $877,583 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Waco Community Development Corporation has recieved totaling $162,320.
| Awarding Organization | Amount |
|---|---|
Madison Alexander Cooper And Martha Roane Cooper Foundation Waco, TX PURPOSE: PROGRAMMING TO EMPOWER AND CONNECT LOCAL NEIGHBORHOOD GROUPS | $80,000 |
Waco Foundation Waco, TX PURPOSE: UNDESIGNATED | $35,344 |
Fuller Center Disaster Rebuilders Inc Americus, GA PURPOSE: Support Winter Storm Uri repairs | $23,435 |
Madison Alexander Cooper And Martha Roane Cooper Foundation Waco, TX PURPOSE: HOUSING DOWN PAYMENT FUNDS FOR IDA PROGRAM GRADUATES | $14,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $7,500 |
Clifton Foundation Waco, TX PURPOSE: GENERAL USE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Avance Inc San Antonio, TX | $11,319,048 | $60,395,226 |
Operation Homefront Inc San Antonio, TX | $30,804,944 | $40,861,039 |
Gulf Coast Community Services Assn Inc Houston, TX | $4,457,612 | $33,824,576 |
Hill Country Community Action Association Inc San Saba, TX | $4,864,839 | $26,700,596 |
Crawford Sebastian Community Development Council Inc Fort Smith, AR | $10,081,488 | $25,336,007 |
St Martin Iberia Lafayette Parishes Community Action Agency Lafayette, LA | $1,628,921 | $19,226,376 |
El Paso Community Action Program Project Bravo Inc El Paso, TX | $2,433,349 | $16,653,742 |
Abilene Improvement Corporation Abilene, TX | $4,300,132 | $16,087,347 |
Waterloo Greenway Conservancy Austin, TX | $14,294,713 | $19,654,960 |
Avance Inc San Antonio, TX | $3,341,095 | $14,922,059 |
Northwest Arkansas Council Foundation Springdale, AR | $9,473,428 | $13,530,717 |
First Colony Community Services Association Inc Sugar Land, TX | $19,403,817 | $10,458,068 |