Civic Intelligence

Grand Central Texas Development Corp

990 • Fiscal year 2024 • EIN 31-1748289

Jul 01, 2023 to Jun 30, 2024 • Filed on Dec 13, 2024

Organization ProfileWWW.TEXASCOMMUNITYBUILDERS.ORG
1011 San Jacinto BlvdAustin, TX 78701

(512) 912-9884

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

67th percentile

0.28x

Higher debt load relative to assets than 67% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

95th percentile

4.89x

Higher debt load relative to revenue than 95% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

20th percentile

-10%

Higher net margin than 20% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

64th percentile

$163,882

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 28.8% of source-year revenue.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

30th percentile

-1.2%

Faster asset growth than 30% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

79th percentile

37%

Faster revenue growth than 79% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets67th percentile

Assets

Down

$9,879,613

Down $115,028 (-1.2%) from 2023

Net Assets

Down

$7,099,809

Down $58,592 (-0.8%) from 2023

Liabilities

Down

$2,779,804

Down $56,436 (-2.0%) from 2023

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin20th percentile

Revenue

Up

$569,047

Up $152,421 (+37%) from 2023

Expenses

Up

$627,639

Up $91,895 (+17%) from 2023

Net Income

Up

-$58,592

Up $60,526 (+51%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth30th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2011: $2,358,627Liabilities 2011: $753,978Net Assets 2011: $1,604,6492011Assets 2012: $5,813,140Liabilities 2012: $2,343,356Net Assets 2012: $3,469,7842012Assets 2013: $5,652,749Liabilities 2013: $2,331,252Net Assets 2013: $3,321,4972013Assets 2014: $5,891,570Liabilities 2014: $2,538,647Net Assets 2014: $3,352,9232014Assets 2015: $5,527,034Liabilities 2015: $2,097,952Net Assets 2015: $3,429,0822015Assets 2016: $5,406,802Liabilities 2016: $1,946,070Net Assets 2016: $3,460,7322016Assets 2017: $6,002,221Liabilities 2017: $2,541,107Net Assets 2017: $3,461,1142017Assets 2018: $5,319,275Liabilities 2018: $1,047,439Net Assets 2018: $4,271,8362018Assets 2019: $7,394,373Liabilities 2019: $3,209,351Net Assets 2019: $4,185,0222019Assets 2020: $7,952,042Liabilities 2020: $3,931,539Net Assets 2020: $4,020,5032020Assets 2021: $7,851,542Liabilities 2021: $3,657,214Net Assets 2021: $4,194,3282021Assets 2022: $10,295,372Liabilities 2022: $3,017,853Net Assets 2022: $7,277,5192022Assets 2023: $9,994,641Liabilities 2023: $2,836,240Net Assets 2023: $7,158,4012023Assets 2024: $9,879,613Liabilities 2024: $2,779,804Net Assets 2024: $7,099,8092024Assets 2025: $9,730,913Liabilities 2025: $2,738,689Net Assets 2025: $6,992,2242025

Highlighted filing

2024

Assets$9,879,613
Liabilities$2,779,804
Net Assets$7,099,809
Open 2024 Filing

Operations Trend

Revenue Growth79th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $240,8592011Expenses 2012: $272,5952012Expenses 2013: $492,1292013Revenue 2014: $512,483Expenses 2014: $521,440Net Income 2014: -$8,9572014Revenue 2015: $518,677Expenses 2015: $442,518Net Income 2015: $76,1592015Revenue 2016: $426,752Expenses 2016: $395,102Net Income 2016: $31,6502016Revenue 2017: $477,293Expenses 2017: $476,911Net Income 2017: $3822017Revenue 2018: $1,223,345Expenses 2018: $412,623Net Income 2018: $810,7222018Revenue 2019: $564,063Expenses 2019: $650,877Net Income 2019: -$86,8142019Revenue 2020: $443,186Expenses 2020: $607,705Net Income 2020: -$164,5192020Revenue 2021: $820,727Expenses 2021: $646,902Net Income 2021: $173,8252021Revenue 2022: $3,652,092Expenses 2022: $568,901Net Income 2022: $3,083,1912022Revenue 2023: $416,626Expenses 2023: $535,744Net Income 2023: -$119,1182023Revenue 2024: $569,047Expenses 2024: $627,639Net Income 2024: -$58,5922024Revenue 2025: $497,931Expenses 2025: $605,516Net Income 2025: -$107,5852025

Highlighted filing

2024

Revenue$569,047
Expenses$627,639
Net Income-$58,592
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Dec 13, 2024
Return Version
2023v5.1
Gross Receipts
$569,047
Mission and Program Overview

Mission

To provide affordable housing and development services across

Provide decent and affordable housing for lower income residents, including minorities, women, elderly and the handicapped and acquire improved and unimproved

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$4,294,373$4,217,779▼ $76,594
Land, Buildings, and Equipment, Net$3,286,691$3,254,600▼ $32,091
Inventories for Sale or Use$994,634$994,634→ $0
Cash and Non-Interest-Bearing Accounts$535,762$766,121▲ $230,359
Other Notes and Loans Receivable, Net$617,153$276,451▼ $340,702
Investments Program Related$165,130$165,130→ $0
Prepaid Expenses and Deferred Charges$11,089$10,808▼ $281
Accounts Receivable$58,091$6,049▼ $52,042
Total Assets$9,994,641$9,879,613▼ $115,028
Other Assets Total$31,718$188,041▲ $156,323
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,959,460$1,877,556▼ $81,904
Other Liabilities$443,348$545,328▲ $101,980
Unsecured Notes Loans Payable$388,076$343,180▼ $44,896
Accounts Payable and Accrued Expenses$45,356$13,740▼ $31,616
Total Liabilities$2,836,240$2,779,804▼ $56,436
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,868,138$6,821,324▼ $46,814
Net Assets With Donor Restrictions$290,263$278,485▼ $11,778
Total Net Assets Fund Balance$7,158,401$7,099,809▼ $58,592
Total Liabilities and Net Assets / Fund Balance$9,994,641$9,879,613▼ $115,028

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,093,696$1,095,872$4,189,568
Equipment$0$196,351$196,351
Land$160,904-$160,904
Other Assets Org$188,041--
Compensation and Service Providers
Top Officer Pay64th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Rosa Rios ValdezPresidentPT$163,882$163,882

Board Members and Trustees

NameTitle
William SutherlandChairman
Stacy BowersVice Chair
Rosa Rios Valdez-
Dora ZapataSecretary
Judy CanalesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$28,464
Program Service Revenue
$530,010
Investment Income
$10,573
Other Revenue
$0
All Other Contributions
$28,464
Change in Net Assets
$-58,592
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$580,408
Salaries, Compensation, and Employee Benefits$47,231
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$164,538$0$0$164,538
Depreciation Depletion$135,952$0$0$135,952
Insurance$51,008$0$0$51,008
Other Salaries and Wages$41,722$0$0$41,722
Fees for Services Other$31,960$0$0$31,960
Fees for Services Accounting$0$15,346$0$15,346
Office Expenses$0$3,424$0$3,424
Payroll Taxes$3,195$0$0$3,195
Other Employee Benefits$2,314$0$0$2,314
Other Expenses$-7,326$0$0$-7,326
Total Functional Expenses$608,869$18,770$0$627,639
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliate$526,589
Deposits & Escrow Liabilities$18,739
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Texas Community Builders
EIN
31-1748289
Phone
5129129884
Address
1011 SAN JACINTO BLVD, AUSTIN, TX 78701

Signing Officer

Name
Raquel Valdez Sanchez
Title
CEO
Phone
5129129884
Signed
2024-12-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Raquel Valdez Sanchez
Formed
2000
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
West Davis & Company LLP
Address
11824 Jollyville Road Suite 100, Austin, TX 78759
Preparer
Rob West CPA
Phone
5038286650
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“The return is reviewed for accuracy by the executive”

Pt VI, Line 11B

“Director. Members of the board are provided a copy of”

Pt VI, Line 11B

“The form 990 to review prior to filing.”

Pt VI, Line 12C

“The conflict of interest policy applies to all officers”

Pt VI, Line 12C

“And members of the board of directors as well as key”

Pt VI, Line 12C

“Management employees. When a conflict of interest arises”

Pt VI, Line 12C

“It is brought to the attention of the executive director”

Pt VI, Line 12C

“Who brings it to the attention of the board of directors.”

Pt VI, Line 12C

“The board president in consultation with appropriate”

Pt VI, Line 12C

“Board members and key management will determine if a”

Pt VI, Line 12C

“Conflict exists and determine appropriate actions on a”

Pt VI, Line 12C

“Case-by-case basis for an individual with a conflict of”

Pt VI, Line 12C

“INTEREST.”

Pt VI, Line 15A

“The executive directors compensation is reviewed and”

Pt VI, Line 15A

“Approved by the board of directors.”

Pt VI, Line 15B

“Other officers and key employees compensation follows”

Pt VI, Line 15B

“A pay scale. Pay raises and starting pay for other”

Pt VI, Line 15B

“Officers and key employees are approved by the”

Pt VI, Line 15B

“EXECUTIVE DIRECTOR.”

Pt VI, Line 19

“Governing documents, policies, and financial statements”

Pt VI, Line 19

“Are made available to the public upon request from”

Pt VI, Line 19

“MANAGEMENT.”

Raw XML AppendixShowing 400 of 545 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ROSA RIOS VALDEZ
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IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0EXECUTIVE DIRECTOR COMPENSATION PAID BY CEN-TEX CERTIFIED
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt1DEVELOPMENT CORPORATION WAS DETERMINED BY REVIEWING
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt2COMPENSATION SURVEYS AND FORMS 990 OF SIMILAR ORGANIZATIONS.
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt3THE EXECUTIVE DIRECTOR IS EMPLOYED UNDER AN EMPLOYMENT
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt4CONTRACT AND COMPENSATION IS APPROVED BY THE BOARD.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt I Line 3
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt I Line 3
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt I Line 3
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt I Line 3
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt I Line 3
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE RETURN IS REVIEWED FOR ACCURACY BY THE EXECUTIVE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DIRECTOR. MEMBERS OF THE BOARD ARE PROVIDED A COPY OF
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 TO REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CONFLICT OF INTEREST POLICY APPLIES TO ALL OFFICERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AND MEMBERS OF THE BOARD OF DIRECTORS AS WELL AS KEY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MANAGEMENT EMPLOYEES. WHEN A CONFLICT OF INTEREST ARISES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6IT IS BROUGHT TO THE ATTENTION OF THE EXECUTIVE DIRECTOR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7WHO BRINGS IT TO THE ATTENTION OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE BOARD PRESIDENT IN CONSULTATION WITH APPROPRIATE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9BOARD MEMBERS AND KEY MANAGEMENT WILL DETERMINE IF A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10CONFLICT EXISTS AND DETERMINE APPROPRIATE ACTIONS ON A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11CASE-BY-CASE BASIS FOR AN INDIVIDUAL WITH A CONFLICT OF
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13THE EXECUTIVE DIRECTORS COMPENSATION IS REVIEWED AND
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15OTHER OFFICERS AND KEY EMPLOYEES COMPENSATION FOLLOWS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16A PAY SCALE. PAY RAISES AND STARTING PAY FOR OTHER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17OFFICERS AND KEY EMPLOYEES ARE APPROVED BY THE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt19GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt20ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST FROM
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt21MANAGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 12c
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Pt VI, Line 15a

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,879,613
Liabilities
$2,779,804
Net assets
$7,099,809
Revenue
$569,047
Expenses
$627,639
Net income
-$58,592
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.73$2.74$6.99$0.50$0.61$0.11
2024Detailed filing. Detailed filing data is available for this year.$9.88$2.78$7.10$0.57$0.63$0.06
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.99$2.84$7.16$0.42$0.54$0.12
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.3$3.02$7.28$3.65$0.57$3.08
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.85$3.66$4.19$0.82$0.65$0.17
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.95$3.93$4.02$0.44$0.61$0.16
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.39$3.21$4.19$0.56$0.65$0.09
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.32$1.05$4.27$1.22$0.41$0.81
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.00$2.54$3.46$0.48$0.48$0.00
2016Detailed filing. Detailed filing data is available for this year.$5.41$1.95$3.46$0.43$0.40$0.03
2015Detailed filing. Detailed filing data is available for this year.$5.53$2.10$3.43$0.52$0.44$0.08
2014Detailed filing. Detailed filing data is available for this year.$5.89$2.54$3.35$0.51$0.52$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.65$2.33$3.32$0.49
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.81$2.34$3.47$0.27
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.36$0.75$1.60$0.24