Civic Intelligence

Community Development Corporation Corporation of Brownsville

990 • Fiscal year 2019 • EIN 74-1835777

Oct 01, 2018 to Sep 30, 2019 • Filed on May 27, 2020

901 E LeveeBrownsville, TX 78520

(956) 541-4955

Siviq Scores

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

Liabilities / Assets

74th percentile

0.55x

Higher debt load relative to assets than 74% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

87th percentile

2.29x

Higher debt load relative to revenue than 87% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Net Margin

18th percentile

-8.2%

Higher net margin than 18% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2019

Asset Growth

21st percentile

-2.2%

Faster asset growth than 21% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

89th percentile

40%

Faster revenue growth than 89% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Assets

Down

$40,916,404

Down $903,593 (-2.2%) from 2018

Net Assets

Down

$18,462,298

Down $800,487 (-4.2%) from 2018

Liabilities

Down

$22,454,106

Down $103,106 (-0.5%) from 2018

Revenue

Up

$9,806,221

Up $2,794,080 (+40%) from 2018

Expenses

Up

$10,606,708

Up $3,625,969 (+52%) from 2018

Net Income

Down

-$800,487

Down $831,889 (-2649%) from 2018

Historical Trend

Balance Sheet Trend

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

$100M$50M$0Assets 2011: $26,579,653Liabilities 2011: $6,742,487Net Assets 2011: $19,837,1662011Assets 2012: $26,224,174Liabilities 2012: $7,461,338Net Assets 2012: $18,762,8362012Assets 2013: $26,607,457Liabilities 2013: $7,463,187Net Assets 2013: $19,144,2702013Assets 2014: $28,956,491Liabilities 2014: $9,691,999Net Assets 2014: $19,264,4922014Assets 2015: $30,103,851Liabilities 2015: $10,755,876Net Assets 2015: $19,347,9752015Assets 2016: $30,805,154Liabilities 2016: $11,257,013Net Assets 2016: $19,548,1412016Assets 2017: $39,138,347Liabilities 2017: $19,906,964Net Assets 2017: $19,231,3832017Assets 2018: $41,819,997Liabilities 2018: $22,557,212Net Assets 2018: $19,262,7852018Assets 2019: $40,916,404Liabilities 2019: $22,454,106Net Assets 2019: $18,462,2982019Assets 2020: $46,296,286Liabilities 2020: $27,685,474Net Assets 2020: $18,610,8122020Assets 2021: $63,084,439Liabilities 2021: $41,784,597Net Assets 2021: $21,299,8422021Assets 2022: $62,698,216Liabilities 2022: $41,034,908Net Assets 2022: $21,663,3082022Assets 2023: $66,208,796Liabilities 2023: $44,565,775Net Assets 2023: $21,643,0212023Assets 2024: $74,526,617Liabilities 2024: $50,352,353Net Assets 2024: $24,174,2642024Assets 2025: $97,936,432Liabilities 2025: $70,715,665Net Assets 2025: $27,220,7672025

Highlighted filing

2019

Assets$40,916,404
Liabilities$22,454,106
Net Assets$18,462,298

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2011: $6,941,3272011Expenses 2012: $11,316,7712012Expenses 2013: $7,498,5292013Revenue 2014: $9,893,592Expenses 2014: $9,773,370Net Income 2014: $120,2222014Revenue 2015: $6,337,060Expenses 2015: $6,253,577Net Income 2015: $83,4832015Revenue 2016: $5,976,236Expenses 2016: $5,776,070Net Income 2016: $200,1662016Revenue 2017: $6,528,433Expenses 2017: $6,845,191Net Income 2017: -$316,7582017Revenue 2018: $7,012,141Expenses 2018: $6,980,739Net Income 2018: $31,4022018Revenue 2019: $9,806,221Expenses 2019: $10,606,708Net Income 2019: -$800,4872019Revenue 2020: $8,363,914Expenses 2020: $8,215,400Net Income 2020: $148,5142020Revenue 2021: $14,190,282Expenses 2021: $11,501,252Net Income 2021: $2,689,0302021Revenue 2022: $22,560,520Expenses 2022: $22,197,054Net Income 2022: $363,4662022Revenue 2023: $21,289,156Expenses 2023: $21,689,443Net Income 2023: -$400,2872023Revenue 2024: $18,797,437Expenses 2024: $16,266,194Net Income 2024: $2,531,2432024Revenue 2025: $17,621,466Expenses 2025: $14,574,963Net Income 2025: $3,046,5032025

Highlighted filing

2019

Revenue$9,806,221
Expenses$10,606,708
Net Income-$800,487
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
May 27, 2020
Return Version
2018v3.1
Gross Receipts
$10,239,728
Mission and Program Overview

Mission

Cdcb's mission is to assist low income residents to improve their financial security through financial education, ged education, job training, and the production, finance, and management of affordable housing.

Cdcb's mission is to assist low income residents improve their financial security through financial education, ged education, job training and the production, finance and management of affordable housing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$15,148,921$15,384,699▲ $235,778
Cash and Non-Interest-Bearing Accounts$2,039,963$4,376,477▲ $2,336,514
Pledges and Grants Receivable$836,111$997,056▲ $160,945
Savings and Temporary Cash Investments$2,191,747$751,317▼ $1,440,430
Land, Buildings, and Equipment, Net$599,634$569,217▼ $30,417
Prepaid Expenses and Deferred Charges$281,928$249,811▼ $32,117
Accounts Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$41,819,997$40,916,404▼ $903,593
Other Assets Total$20,721,693$18,587,827▼ $2,133,866
Liabilities
Mortgage Notes Payable Secured by Investment Property$17,356,398$16,892,924▼ $463,474
Other Liabilities$3,828,711$4,077,015▲ $248,304
Deferred Revenue$915,734$917,825▲ $2,091
Accounts Payable and Accrued Expenses$456,369$566,342▲ $109,973
Total Liabilities$22,557,212$22,454,106▼ $103,106
Net Assets / Fund Balance
Unrestricted Net Assets$18,717,465$17,911,163▼ $806,302
Permanently Rstr Net Assets$510,000$551,135▲ $41,135
Temporarily Rstr Net Assets$35,320--
Total Net Assets Fund Balance$19,262,785$18,462,298▼ $800,487
Total Liabilities and Net Assets / Fund Balance$41,819,997$40,916,404▼ $903,593

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$476,070$851,425$1,327,495
Equipment$27,147$365,286$392,433
Land$66,000-$66,000
Other Assets Org$4,234,510--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Nick Mitchell BennetttExecutive DirectorFT$112,271$112,271
Edna OceguerraDeputy DirectorFT$98,129$98,129

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Esperanza HomesGeneral Contractor200 S 10TH, Mcallen, TX 78501$2,772,778
H & A Rgv Construction CorpGeneral Contractor24 pinar del rio, Brownsville, TX 78526$655,696
Agc Design & Construction LLCGeneral Contractor110 NORTH EXPRESSWAY, Brownsville, TX 78520$476,845
Los Fresnos ConstructionGeneral Contractor1106 S ARROYO BLVD, Los Fresnos, TX 78566$398,378
Pedro GonzalezGeneral Contractor3663 REY ENRIQUE DRIVE, Brownsville, TX 78520$251,136
Revenue and Support

Revenue Composition

Contributions and Grants
$4,452,560
Program Service Revenue
$4,783,151
Investment Income
$507,400
Other Revenue
$63,110
All Other Contributions
$514,097
Change in Net Assets
$-800,487

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,806,221
Revenue Not Reported on Form 990
$433,507
Total Revenue per Audited Statements
$10,239,728
Total Revenue per Form 990
$9,806,221
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,061,106
Grants and Similar Amounts Paid$2,839,511
Salaries, Compensation, and Employee Benefits$2,706,091
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$2,839,511--$2,839,511
Other Salaries and Wages$1,550,752$290,008-$1,840,760
All Other Expenses$405,651$150,744-$556,395
Interest$39,828$326,171-$365,999
Other Employee Benefits$251,680$46,743-$298,423
Current Officers, Directors, Trustees, and Key Employees$86,828$133,349-$220,177
Depreciation Depletion$138,303$56,755-$195,058
Payroll Taxes$144,590$34,732-$179,322
Pension Plan Contributions$131,277$36,132-$167,409
Insurance$125,667$24,437-$150,104
Travel$51,310$32,978-$84,288
Advertising$35,072$24,565-$59,637
Other Expenses$42,786$10,214-$53,000
Fees for Services Accounting$18,652$8,239-$26,891
Fees for Services Legal$5,697$3,789-$9,486
Total Functional Expenses$9,377,543$1,229,165$0$10,606,708

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$11,040,215
Expenses per Audited Statements$10,606,708
Total Expenses per Form 990$10,606,708
Expenses Not Reported on Form 990$433,507
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Nsp2$2,285,066
Revolving Fund$1,192,760
Escrow Deposits$599,189
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

Cdcb is certified as a community housing development corporation with a 13 member community board and is required that at least one-third of board membership be comprised of low income residents, residents of low-income areas; or representatives of low-income neighborhood organizations.

Form 990, Part VI, Line 8: Explanation of No Contemporaneously Documentation of Meetings

Minutes are taken of all board meetings and approved by the board at the susequent meeting.

Form 990, Part VI, Line 11B: Form 990 Review Process

A copy of the form 990 is provided to each board member. The form 990 is also approved at a board meeting.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The conflice of interest policy is monitored by the independent auditors as part of the audit process and peridocally by various grantors.each board member annualy confirms that they do not have any conflicts of interest.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The board of directors approvs the hiring of executive director and the amount of annual compensation.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

PROVIDED UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Community Development
EIN
74-1835777
Phone
9565414955
Address
901 E LEVEE, BROWNSVILLE, TX 78520

Signing Officer

Name
Nick Mitchell Bennett
Title
Executive Director
Signed
2020-05-27
Discuss with paid preparer
No

Organization Details

Formed
1975
Legal Domicile
TX
Voting Board Members
11
Independent Board Members
11
Employees
82
Volunteers
90

Preparer

Firm
Gomez Fragoso& Associates P C
Address
2335 CENTRAL BLVD, BROWNSVILLE, TX 78520-8720
Preparer
Moises L Gomez CPA
Phone
9565417613
Supplemental Narrative

Financial Statement Notes

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Expenses netted against income $433507

Part XII, Line 2D: Other expenses and losses per audited F/S

Expenses netted against income $433507

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IRS990/Form990PartVIISectionAGrp/TitleTxt0Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt9Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DEPUTY DIRECTOR
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IRS990/FormationYr01975
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IRS990/GovernmentGrantsAmt03938463
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt02839511
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IRS990/InsuranceGrp/ProgramServicesAmt0125667
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IRS990/IRPDocumentCnt089
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IRS990/MembersOrStockholdersInd0true
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IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0CDCB'S MISSION IS TO ASSIST LOW INCOME RESIDENTS IMPROVE THEIR FINANCIAL SECURITY THROUGH FINANCIAL EDUCATION, GED EDUCATION, JOB TRAINING AND THE PRODUCTION, FINANCE AND MANAGEMENT OF AFFORDABLE HOUSING.
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt016892924
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IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt063110
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IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherExpensesGrp/Desc0COST OF HOMES & LOTS SOLD
IRS990/OtherExpensesGrp/Desc1RENTS
IRS990/OtherExpensesGrp/Desc2REGISTRATIONS
IRS990/OtherExpensesGrp/Desc3PROFESSIONAL SERVICES
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt134014
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt210214
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0249811
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IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/BusinessCd2531390
IRS990/ProgramServiceRevenueGrp/BusinessCd3531390
IRS990/ProgramServiceRevenueGrp/BusinessCd4900099
IRS990/ProgramServiceRevenueGrp/Desc0HOME & LOT SALES
IRS990/ProgramServiceRevenueGrp/Desc1MULTI - FAMILY
IRS990/ProgramServiceRevenueGrp/Desc2NET FEES
IRS990/ProgramServiceRevenueGrp/Desc3OTHER EARNED INCOME
IRS990/ProgramServiceRevenueGrp/Desc4RGV ADMIN FEE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03259572
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1119036
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2240595
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3664715
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4499233
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1119036
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2240595
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3664715
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4499233
IRS990/ProgSrvcAccomActy2Grp/Desc0THE YOUTHBUILD PROGRAM SEEKS TO LINE JOB TRAINING, EDUCATION ENHANCEMENT AND AFFORDABLE HOUSING PRODUCTION BY WORKING WITH DROP-OUT YOUTHS FROM LOW-INCOME FAMILIES BETWEEN THE AGES OF 17 AND 24. CDCB YOUTHBUILD PROVIDES A RANGE OF SUPPORT SERVICES, INCLUDING CHILD CARE, ALONG WITH A TRAINING STIPEND. A MAJOR FOCUS IS TO PROVIDE WORK OPPORTUNITIES IN THE PARTICIPANT'S OWN NEIGHBORHOOD.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0656570
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt02876694
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt01518673
IRS990/PYInvestmentIncomeAmt024669

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$97.9$70.7$27.2$17.6$14.6$3.05
2024Detailed filing. Detailed filing data is available for this year.$74.5$50.4$24.2$18.8$16.3$2.53
2023Detailed filing. Detailed filing data is available for this year.$66.2$44.6$21.6$21.3$21.7$0.40
2022Detailed filing. Detailed filing data is available for this year.$62.7$41.0$21.7$22.6$22.2$0.36
2021Detailed filing. Detailed filing data is available for this year.$63.1$41.8$21.3$14.2$11.5$2.69
2020Detailed filing. Detailed filing data is available for this year.$46.3$27.7$18.6$8.36$8.22$0.15
2019Detailed filing. Detailed filing data is available for this year.$40.9$22.5$18.5$9.81$10.6$0.80
2018Detailed filing. Detailed filing data is available for this year.$41.8$22.6$19.3$7.01$6.98$0.03
2017Detailed filing. Detailed filing data is available for this year.$39.1$19.9$19.2$6.53$6.85$0.32
2016Detailed filing. Detailed filing data is available for this year.$30.8$11.3$19.5$5.98$5.78$0.20
2015Detailed filing. Detailed filing data is available for this year.$30.1$10.8$19.3$6.34$6.25$0.08
2014Detailed filing. Detailed filing data is available for this year.$29.0$9.69$19.3$9.89$9.77$0.12
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.6$7.46$19.1$7.50
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.2$7.46$18.8$11.3
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.6$6.74$19.8$6.94