Civic Intelligence

Edinburg Economic Development Corporation

EIN 74-2609452 • 501(c)4 • Edinburg, TX

Profile

To promote economic development of edinburg, texas.

3111 W Freddy Gonzalez DrEdinburg, TX 78539

cityofedinburg.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

83rd percentile

0.69x

Higher debt load relative to assets than 83% of similar nonprofits.

501(c)4 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

88th percentile

3.18x

Higher debt load relative to revenue than 88% of similar nonprofits.

501(c)4 • $50M-$100M nonprofits • Source year 2024

Net Margin

6th percentile

-55%

Higher net margin than 6% of similar nonprofits.

501(c)4 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

60th percentile

$170,506

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

$50M-$100M nonprofits • Source year 2024

Asset Growth

18th percentile

-4.0%

Faster asset growth than 18% of similar nonprofits.

501(c)4 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

58th percentile

11%

Faster revenue growth than 58% of similar nonprofits.

501(c)4 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Down

$55,039,151

Down $2,317,627 (-4.0%) from 2023

Liabilities

Up

$38,077,893

Up $4,321,553 (+13%) from 2023

Net Assets

Down

$16,961,258

Down $6,639,180 (-28%) from 2023

Revenue

Up

$11,968,911

Up $1,231,135 (+11%) from 2023

Expenses

Up

$18,608,091

Up $14,368,006 (+339%) from 2023

Net Income

Down

-$6,639,180

Down $13,136,871 (-202%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80M$60M$40M$20M$0Assets 2011: $25,218,147Liabilities 2011: $11,172,015Net Assets 2011: $14,046,1322011Assets 2012: $35,301,331Liabilities 2012: $18,338,616Net Assets 2012: $16,962,7152012Assets 2013: $31,809,922Liabilities 2013: $18,035,196Net Assets 2013: $13,774,7262013Assets 2014: $36,584,880Liabilities 2014: $24,866,916Net Assets 2014: $11,717,9642014Assets 2015: $39,761,568Liabilities 2015: $21,836,008Net Assets 2015: $17,925,5602015Assets 2016: $29,468,527Liabilities 2016: $21,125,048Net Assets 2016: $8,343,4792016Assets 2017: $27,607,673Liabilities 2017: $19,214,287Net Assets 2017: $8,393,3862017Assets 2018: $29,710,863Liabilities 2018: $18,510,900Net Assets 2018: $11,199,9632018Assets 2019: $41,462,445Liabilities 2019: $28,262,081Net Assets 2019: $13,200,3642019Assets 2020: $40,118,721Liabilities 2020: $27,815,930Net Assets 2020: $12,302,7912020Assets 2021: $67,135,031Liabilities 2021: $50,235,515Net Assets 2021: $16,899,5162021Assets 2022: $53,293,991Liabilities 2022: $35,953,887Net Assets 2022: $17,340,1042022Assets 2023: $57,356,778Liabilities 2023: $33,756,340Net Assets 2023: $23,600,4382023Assets 2024: $55,039,151Liabilities 2024: $38,077,893Net Assets 2024: $16,961,2582024

Highlighted filing

2024

Assets$55,039,151
Liabilities$38,077,893
Net Assets$16,961,258

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$10M$0-$10MRevenue 2011: $9,769,425Expenses 2011: $4,975,006Net Income 2011: $4,794,4192011Revenue 2012: $15,602,994Expenses 2012: $10,923,335Net Income 2012: $4,679,6592012Revenue 2013: $5,030,243Expenses 2013: $8,653,920Net Income 2013: -$3,623,6772013Revenue 2014: $6,116,166Expenses 2014: $8,172,928Net Income 2014: -$2,056,7622014Revenue 2015: $10,896,950Expenses 2015: $5,898,078Net Income 2015: $4,998,8722015Revenue 2016: $7,787,984Expenses 2016: $17,370,064Net Income 2016: -$9,582,0802016Revenue 2017: $6,307,940Expenses 2017: $5,781,949Net Income 2017: $525,9912017Revenue 2018: $6,568,294Expenses 2018: $3,778,761Net Income 2018: $2,789,5332018Revenue 2019: $6,138,102Expenses 2019: $4,137,701Net Income 2019: $2,000,4012019Revenue 2020: $8,091,628Expenses 2020: $6,871,929Net Income 2020: $1,219,6992020Revenue 2021: $9,281,578Expenses 2021: $5,273,428Net Income 2021: $4,008,1502021Revenue 2022: $9,281,124Expenses 2022: $6,849,295Net Income 2022: $2,431,8292022Revenue 2023: $10,737,776Expenses 2023: $4,240,085Net Income 2023: $6,497,6912023Revenue 2024: $11,968,911Expenses 2024: $18,608,091Net Income 2024: -$6,639,1802024

Highlighted filing

2024

Revenue$11,968,911
Expenses$18,608,091
Net Income-$6,639,180

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$55.0$38.1$17.0$12.0$18.6$6.64
2023Summary only. Only limited summary data is available for this year.$57.4$33.8$23.6$10.7$4.24$6.50
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$53.3$36.0$17.3$9.28$6.85$2.43
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$67.1$50.2$16.9$9.28$5.27$4.01
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$40.1$27.8$12.3$8.09$6.87$1.22
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$41.5$28.3$13.2$6.14$4.14$2.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$29.7$18.5$11.2$6.57$3.78$2.79
2017Summary only. Only limited summary data is available for this year.$27.6$19.2$8.39$6.31$5.78$0.53
2016Summary only. Only limited summary data is available for this year.$29.5$21.1$8.34$7.79$17.4$9.58
2015Summary only. Only limited summary data is available for this year.$39.8$21.8$17.9$10.9$5.90$5.00
2014Summary only. Only limited summary data is available for this year.$36.6$24.9$11.7$6.12$8.17$2.06
2013Summary only. Only limited summary data is available for this year.$31.8$18.0$13.8$5.03$8.65$3.62
2012Summary only. Only limited summary data is available for this year.$35.3$18.3$17.0$15.6$10.9$4.68
2011Summary only. Only limited summary data is available for this year.$25.2$11.2$14.0$9.77$4.98$4.79
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Aug 5, 2025
Return Version
2023v6.0
Gross Receipts
$12,708,044
Mission and Program Overview

Mission

To promote economic development of Edinburg, Texas

To promote Economic Development of Edinburg, Texas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$33,243,606$24,760,478▼ $8,483,128
Other Notes and Loans Receivable, Net$13,367,203$20,624,225▲ $7,257,022
Land, Buildings, and Equipment, Net$7,462,480$6,721,770▼ $740,710
Prepaid Expenses and Deferred Charges$1,588,045$1,400,117▼ $187,928
Total Assets$57,356,778$55,039,151▼ $2,317,627
Other Assets Total$1,695,444$1,532,561▼ $162,883
Liabilities
Unsecured Notes Loans Payable$33,174,809$31,569,647▼ $1,605,162
Accounts Payable and Accrued Expenses$191,241$6,162,640▲ $5,971,399
Other Liabilities$367,950$324,128▼ $43,822
Deferred Revenue$22,340$21,478▼ $862
Total Liabilities$33,756,340$38,077,893▲ $4,321,553
Net Assets / Fund Balance
Net Assets With Donor Restrictions$23,600,438$16,961,258▼ $6,639,180
Total Net Assets Fund Balance$23,600,438$16,961,258▼ $6,639,180
Total Liabilities and Net Assets / Fund Balance$57,356,778$55,039,151▼ $2,317,627

Asset Categories

AssetBook ValueDepreciationBasis
Land$6,041,510-$6,041,510
Buildings$641,009$148,011$789,020
Other Land Buildings$39,251$52,674$91,925
Equipment-$724$724
Compensation and Service Providers

Employees

NameTitleBaseTotal
Raudel GarzaExecutive Director$170,506$170,506

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$9,482,866
Investment Income
$1,684,997
Other Revenue
$801,048
Change in Net Assets
$-6,639,180
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$18,063,722
Salaries, Compensation, and Employee Benefits$544,369
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$1,188,928$162,127-$1,351,055
Interest$1,169,983--$1,169,983
Fees for Services Management$440,000$60,000-$500,000
Advertising$278,311$37,951-$316,262
Other Expenses$249,778--$249,778
Other Salaries and Wages$233,762--$233,762
Current Officers, Directors, Trustees, and Key Employees$170,506--$170,506
Fees for Services Other$106,538$14,528-$121,066
Other Employee Benefits$110,723--$110,723
Conferences and Meetings$66,279--$66,279
Depreciation Depletion$57,351--$57,351
Travel$38,110$5,197-$43,307
Insurance$35,119$4,789-$39,908
Payroll Taxes$29,378--$29,378
Fees for Services Accounting$16,632$2,268-$18,900
Office Expenses$15,582--$15,582
Total Functional Expenses$18,321,231$286,860$0$18,608,091
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Primary Government$223,118
Net OPEB Liability$79,284
Federal income taxes$10,878
Net Pension Liability$10,848
Net OPEB - MED Liability-
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 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
No
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, Section B, Line 11B

Director reviews the tax return with the tax preparer and receives answers to question.

Form 990, Part VI, Section B, Line 12C

EEDC requires its salaried officers and employees to agree in writing to be bound by restrictions relating to conflicts of interest as set forth in the City policies.

Form 990, Part VI, Section B, Line 15A

Human resource department compares and analyzes comparable compensation packages with other similar economic development organizations. Director provides recommendations on cost of living adjustments annually.

Form 990, Part VI, Section C, Line 19

Audited financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Edinburg Economic Development Corporation
EIN
74-2609452
In Care Of
% Raudel Garza
Phone
9563888207
Address
3111 W Freddy Gonzalez Dr, Edinburg, TX 78539

Signing Officer

Name
Raudel Garza
Title
Executive Director
Phone
9563888207
Signed
2025-08-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Raudel Garza
Formed
1990
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Cascos & Associates PC
Address
765 E 7th Street, Brownsville, TX 78520
Preparer
Alfredo Vera
Phone
9565447778
Raw XML Appendix377 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/OtherRevenueMiscGrp/TotalRevenueColumnAmt0801048
IRS990/OtherRevenueTotalAmt0801048
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0233762
IRS990/OtherSalariesAndWagesGrp/TotalAmt0233762
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt013367203
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt020624225
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt029378
IRS990/PayrollTaxesGrp/TotalAmt029378
IRS990/PensionPlanContributionsGrp/TotalAmt00
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01588045
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01400117
IRS990/PrincipalOfficerNm0Raudel Garza
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0561000
IRS990/ProgramServiceRevenueGrp/Desc01/2 Cent Sales Tax
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt09482866
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt09482866
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01536196
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt03921603
IRS990/PYOtherRevenueAmt017388
IRS990/PYProgramServiceRevenueAmt09184192
IRS990/PYRevenuesLessExpensesAmt06497691
IRS990/PYSalariesCompEmpBnftPaidAmt0318482
IRS990/PYTotalExpensesAmt04240085
IRS990/PYTotalRevenueAmt010737776
IRS990/ReconcilationRevenueExpnssAmt0-6639180
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt09497399
IRS990/RoyaltiesGrp/TotalAmt00
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IRS990ScheduleD/BuildingsGrp/BookValueAmt0641009
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0148011
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0789020
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0724
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0724
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt06041510
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt06041510
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt039251
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt052674
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt091925
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010878
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1223118
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt210848
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt379284
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Due to Primary Government
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Net Pension Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Net OPEB Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4Net OPEB - MED Liability
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06721770
IRS990ScheduleD/TotalLiabilityAmt0324128
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Director reviews the tax return with the tax preparer and receives answers to question.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EEDC requires its salaried officers and employees to agree in writing to be bound by restrictions relating to conflicts of interest as set forth in the City policies.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Human resource department compares and analyzes comparable compensation packages with other similar economic development organizations. Director provides recommendations on cost of living adjustments annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Audited financial statements are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt055039151
IRS990/TotalAssetsGrp/BOYAmt057356778
IRS990/TotalAssetsGrp/EOYAmt055039151
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0286860
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt018321231
IRS990/TotalFunctionalExpensesGrp/TotalAmt018608091
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt033756340
IRS990/TotalLiabilitiesEOYAmt038077893
IRS990/TotalLiabilitiesGrp/BOYAmt033756340
IRS990/TotalLiabilitiesGrp/EOYAmt038077893
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt023600438
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt016961258
IRS990/TotalProgramServiceExpensesAmt018321231
IRS990/TotalProgramServiceRevenueAmt09482866
IRS990/TotalReportableCompFromOrgAmt0170506
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt010957274
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt011968911
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt057356778
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt055039151
IRS990/TravelGrp/ManagementAndGeneralAmt05197
IRS990/TravelGrp/ProgramServicesAmt038110
IRS990/TravelGrp/TotalAmt043307
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt033174809
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt031569647
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03111 W Freddy Gonzalez Dr
IRS990/USAddress/CityNm0Edinburg
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd078539
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0CITYOFEDINBURG.COM
IRS990/WhistleblowerPolicyInd0true
IRS990/WrittenPolicyOrProcedureInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Raudel Garza
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum09563888207
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-08-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Edinburg Economic Development Corporation
ReturnHeader/Filer/BusinessNameControlTxt0EDIN
ReturnHeader/Filer/EIN0742609452
ReturnHeader/Filer/InCareOfNm0% Raudel Garza
ReturnHeader/Filer/PhoneNum09563888207
ReturnHeader/Filer/USAddress/AddressLine1Txt03111 W Freddy Gonzalez Dr
ReturnHeader/Filer/USAddress/CityNm0Edinburg
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd078539
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0832842934
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Cascos & Associates PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0765 E 7th Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Brownsville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd078520
ReturnHeader/PreparerPersonGrp/PhoneNum09565447778
ReturnHeader/PreparerPersonGrp/PreparationDt02025-08-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Alfredo Vera
ReturnHeader/ReturnTs02025-08-05T10:53:06-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-10-01
ReturnHeader/TaxPeriodEndDt02024-09-30
ReturnHeader/TaxYr02023

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