Midland Community Housing Development Organization
- Assets
- $681.8k
- Revenue
- $667.5k
- Investments
- $0.0
- Employees
- 5
- Location
- Midland, TX
- Founding
- 10/2004
- Data as of
- 12/2021
- EIN
- 75-3034693
Organization Overview
Midland Community Housing Development Organization is located in Midland, TX. The organization was established in 2004. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Midland Community Housing Development Organization employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midland Community Housing Development Organization 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, Midland Community Housing Development Organization generated $667.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $814.0k during the year ending 12/2021. While expenses have increased by 2.7% 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 SUPPORT MIDLAND COMMUNITY DEVELOPMENT CORPORATION IN PROVIDING HOUSING IN ECONOMICALLY DEPRESSED AREAS OF MIDLAND, TEXAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SEEKS TO PROVIDE DECENT, SAFE, AND AFFORDABLE HOUSING TO MODERATE, LOW, AND VERY LOW INCOME FAMILIES IN MIDLAND, TEXAS. THE ORGANIZATION COMPLETED 3 HOUSES DURING 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Wesphal Treasurer | OfficerTrustee | 0.4 | $0 |
Brad Bullock Chairman | OfficerTrustee | 0.4 | $0 |
David Diaz Executive Di | Officer | 20 | $0 |
Gilbert Abila Director | Trustee | 0.43 | $0 |
Christopher Edgmond Director | Trustee | 0.4 | $0 |
Marcel Campos Director | Trustee | 0.29 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $60,600 |
| 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 | $60,600 |
| Total Program Service Revenue | $592,921 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $11,812 |
| 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 | $667,477 |
| 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 | $132,455 |
| Pension plan accruals and contributions | $1,333 |
| Other employee benefits | $0 |
| Payroll taxes | $10,133 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,772 |
| Advertising and promotion | $0 |
| Office expenses | $434 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,673 |
| Travel | $73 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,261 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $14,972 |
| All other expenses | $32,673 |
| Total functional expenses | $813,998 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,162 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,067 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,104 |
| 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 | $639,443 |
| Total assets | $681,776 |
| Accounts payable and accrued expenses | $297,309 |
| 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 | $702,262 |
| Total liabilities | $999,571 |
| Net assets without donor restrictions | -$317,795 |
| 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 | $681,776 |
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