Civic Intelligence

South Houston Economic Development Corp

990 • Fiscal year 2023 • EIN 50-0020007

Oct 01, 2022 to Sep 30, 2023 • Filed on Jan 05, 2024

Organization ProfileWWW.SOUTHHOUSTONTX.GOV
PO Box 234South Houston, TX 77587

(713) 947-7700

Siviq Scores

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

Liabilities / Assets

51st percentile

0.07x

Higher debt load relative to assets than 51% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

49th percentile

0.08x

Higher debt load relative to revenue than 49% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

70th percentile

16%

Higher net margin than 70% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

40th percentile

$5,580

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

75th percentile

19%

Faster asset growth than 75% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

51st percentile

7.6%

Faster revenue growth than 51% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets51st percentile

Assets

Up

$1,406,231

Up $223,494 (+19%) from 2022

Net Assets

Up

$1,304,602

Up $214,839 (+20%) from 2022

Liabilities

Up

$101,629

Up $8,655 (+9.3%) from 2022

Revenue And Expenses
Liabilities / Revenue49th percentileNet Margin70th percentile

Revenue

Up

$1,280,909

Up $90,911 (+7.6%) from 2022

Expenses

Down

$1,072,455

Down $96,032 (-8.2%) from 2022

Net Income

Up

$208,454

Up $186,943 (+869%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth75th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $1,872,684Liabilities 2010: $38Net Assets 2010: $1,872,6462010Assets 2011: $936,133Liabilities 2011: $60,107Net Assets 2011: $876,0262011Assets 2012: $592,268Liabilities 2012: $52,360Net Assets 2012: $539,9082012Assets 2013: $658,655Liabilities 2013: $176,316Net Assets 2013: $482,3392013Assets 2014: $661,181Liabilities 2014: $984Net Assets 2014: $660,1972014Assets 2015: $651,243Liabilities 2015: $8,543Net Assets 2015: $642,7002015Assets 2016: $473,212Liabilities 2016: $3,059Net Assets 2016: $470,1532016Assets 2017: $977,651Liabilities 2017: $49,593Net Assets 2017: $928,0582017Assets 2018: $1,191,712Liabilities 2018: $17,465Net Assets 2018: $1,174,2472018Assets 2019: $1,080,353Liabilities 2019: $20,248Net Assets 2019: $1,060,1052019Assets 2020: $855,321Liabilities 2020: $22,769Net Assets 2020: $832,5522020Assets 2021: $1,065,473Liabilities 2021: $50,163Net Assets 2021: $1,015,3102021Assets 2022: $1,182,737Liabilities 2022: $92,974Net Assets 2022: $1,089,7632022Assets 2023: $1,406,231Liabilities 2023: $101,629Net Assets 2023: $1,304,6022023Assets 2024: $1,575,371Liabilities 2024: $8,000Net Assets 2024: $1,567,3712024

Highlighted filing

2023

Assets$1,406,231
Liabilities$101,629
Net Assets$1,304,602
Open 2023 Filing

Operations Trend

Revenue Growth51st percentile

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

$2.0M$1.0M$0-$1.0MRevenue 2010: $657,326Expenses 2010: $489,495Net Income 2010: $167,8312010Revenue 2011: $668,077Expenses 2011: $1,664,697Net Income 2011: -$996,6202011Revenue 2012: $717,128Expenses 2012: $1,053,246Net Income 2012: -$336,1182012Revenue 2013: $537,559Expenses 2013: $628,350Net Income 2013: -$90,7912013Revenue 2014: $798,083Expenses 2014: $623,034Net Income 2014: $175,0492014Revenue 2015: $849,344Expenses 2015: $880,639Net Income 2015: -$31,2952015Revenue 2016: $917,269Expenses 2016: $1,097,498Net Income 2016: -$180,2292016Revenue 2017: $844,704Expenses 2017: $539,441Net Income 2017: $305,2632017Revenue 2018: $927,597Expenses 2018: $681,408Net Income 2018: $246,1892018Revenue 2019: $936,645Expenses 2019: $1,135,431Net Income 2019: -$198,7862019Revenue 2020: $990,442Expenses 2020: $1,217,995Net Income 2020: -$227,5532020Revenue 2021: $1,043,870Expenses 2021: $861,112Net Income 2021: $182,7582021Revenue 2022: $1,189,998Expenses 2022: $1,168,487Net Income 2022: $21,5112022Revenue 2023: $1,280,909Expenses 2023: $1,072,455Net Income 2023: $208,4542023Revenue 2024: $1,338,594Expenses 2024: $1,047,512Net Income 2024: $291,0822024

Highlighted filing

2023

Revenue$1,280,909
Expenses$1,072,455
Net Income$208,454
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
Jan 5, 2024
Return Version
2022v5.0
Gross Receipts
$1,280,909
Mission and Program Overview

Mission

To assist and fund city service improvement projects and to enhance economic development in the city of south houston, texas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$714,460$940,830▲ $226,370
Land, Buildings, and Equipment, Net$232,227$225,401▼ $6,826
Other Notes and Loans Receivable, Net$224,285$209,760▼ $14,525
Cash and Non-Interest-Bearing Accounts$11,765$30,240▲ $18,475
Total Assets$1,182,737$1,406,231▲ $223,494
Liabilities
Accounts Payable and Accrued Expenses$92,974$101,629▲ $8,655
Total Liabilities$92,974$101,629▲ $8,655
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,089,763$1,304,602▲ $214,839
Total Net Assets Fund Balance$1,089,763$1,304,602▲ $214,839
Total Liabilities and Net Assets / Fund Balance$1,182,737$1,406,231▲ $223,494

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$26,945$192,673$219,618
Land$198,456-$198,456
Other Land Buildings-$58,986$58,986
Compensation and Service Providers
Top Officer Pay40th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Diana GonzalezSec/treasurePT$5,580$5,580

Board Members and Trustees

NameTitle
Al ThielChairman
Judy ParedezVice Chairma
Alma AlanisBoard Member
Frances GonzalezBoard Member
Theresa BryantBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,261,982
Investment Income
$18,927
Other Revenue
$0
Change in Net Assets
$208,454
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$898,406
Salaries, Compensation, and Employee Benefits$174,049
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$173,676-$173,676
Fees for Services Legal-$67,508-$67,508
Depreciation Depletion-$6,736-$6,736
Other Expenses$27,500$5,989-$5,989
Travel-$5,934-$5,934
Fees for Services Other-$1,574-$1,574
Fees for Services Accounting-$1,260-$1,260
All Other Expenses-$856-$856
Payroll Taxes-$373-$373
Office Expenses-$176-$176
Total Functional Expenses$788,389$284,066$0$1,072,455
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI

“Line 11b a draft of the tax return was made available to all board members and officers line 19 available upon request.”

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
South Houston Economic Development
EIN
50-0020007
Address
PO BOX 234, SOUTH HOUSTON, TX 77587

Signing Officer

Name
Diana Gonzalez
Title
Sec/treasurer
Phone
7139477700
Signed
2024-01-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Al Thiel
Formed
2005
Voting Board Members
6
Independent Board Members
6
Employees
1

Preparer

Firm
Baity & Assoc Tax and Financial Services
Address
6005 FAIRMONT PKWY STE J, PASADENA, TX 77505
Preparer
Jerad Heintschel
Phone
7139461040
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“PRIOR YEAR ADJ 6,385”

Raw XML Appendix308 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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IRS990/USAddress/AddressLine1Txt0630 KENTUCKY AVENUE
IRS990/USAddress/CityNm0SOUTH HOUSTON
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd077587
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.SOUTHHOUSTONTX.GOV
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DIANA GONZALEZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SEC/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07139477700
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-01-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOUTH HOUSTON ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORP
ReturnHeader/Filer/BusinessNameControlTxt0SOUT
ReturnHeader/Filer/EIN0500020007
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 234
ReturnHeader/Filer/USAddress/CityNm0SOUTH HOUSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077587
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0920193360
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BAITY & ASSOC TAX AND FINANCIAL SERVICES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06005 FAIRMONT PKWY STE J
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PASADENA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077505
ReturnHeader/PreparerPersonGrp/PhoneNum07139461040
ReturnHeader/PreparerPersonGrp/PreparationDt02024-01-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JERAD HEINTSCHEL
ReturnHeader/ReturnTs02024-01-09T11:44:36-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DIANA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0GONZALEZ
ReturnHeader/TaxPeriodBeginDt02022-10-01
ReturnHeader/TaxPeriodEndDt02023-09-30
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,406,231
Liabilities
$101,629
Net assets
$1,304,602
Revenue
$1,280,909
Expenses
$1,072,455
Net income
$208,454
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.58$0.01$1.57$1.34$1.05$0.29
2023Detailed filing. Detailed filing data is available for this year.$1.41$0.10$1.30$1.28$1.07$0.21
2022Detailed filing. Detailed filing data is available for this year.$1.18$0.09$1.09$1.19$1.17$0.02
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.07$0.05$1.02$1.04$0.86$0.18
2020Detailed filing. Detailed filing data is available for this year.$0.86$0.02$0.83$0.99$1.22$0.23
2019Detailed filing. Detailed filing data is available for this year.$1.08$0.02$1.06$0.94$1.14$0.20
2018Detailed filing. Detailed filing data is available for this year.$1.19$0.02$1.17$0.93$0.68$0.25
2017Detailed filing. Detailed filing data is available for this year.$0.98$0.05$0.93$0.84$0.54$0.31
2016Detailed filing. Detailed filing data is available for this year.$0.47$0.00$0.47$0.92$1.10$0.18
2015Summary only. Only limited summary data is available for this year.$0.65$0.01$0.64$0.85$0.88$0.03
2014Summary only. Only limited summary data is available for this year.$0.66$0.00$0.66$0.80$0.62$0.18
2013Summary only. Only limited summary data is available for this year.$0.66$0.18$0.48$0.54$0.63$0.09
2012Summary only. Only limited summary data is available for this year.$0.59$0.05$0.54$0.72$1.05$0.34
2011Summary only. Only limited summary data is available for this year.$0.94$0.06$0.88$0.67$1.66$1.00
2010Summary only. Only limited summary data is available for this year.$1.87$0.00$1.87$0.66$0.49$0.17