Civic Intelligence

South Texas Corporation

EIN 74-2785599 • 501(c)3 • Weslaco, TX

Profile

South texas corporation's primary purpose is to develop affordable housing for low to moderate income families.

1800 N Texas BlvdWeslaco, TX 78599
Siviq Scores

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

Liabilities / Assets

56th percentile

0.10x

Higher debt load relative to assets than 56% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

84th percentile

0.63x

Higher debt load relative to revenue than 84% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

75th percentile

23%

Higher net margin than 75% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

49th percentile

3.2%

Faster asset growth than 49% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

77th percentile

35%

Faster revenue growth than 77% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$1,621,849

Up $49,733 (+3.2%) from 2021

Liabilities

Down

$159,661

Down $2,461 (-1.5%) from 2021

Net Assets

Up

$1,462,188

Up $52,194 (+3.7%) from 2021

Operations
Liabilities / Revenue84th percentileNet Margin75th percentile

Revenue

Up

$253,553

Up $65,601 (+35%) from 2021

Expenses

Down

$196,490

Down $261,843 (-57%) from 2021

Net Income

Up

$57,063

Up $327,444 (+121%) from 2021

Trend Graphs

Balance Sheet Trend

Asset Growth49th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $667,151Liabilities 2011: $101,040Net Assets 2011: $566,1112011Assets 2012: $533,857Liabilities 2012: $91,553Net Assets 2012: $442,3042012Assets 2013: $349,376Liabilities 2013: $111,282Net Assets 2013: $238,0942013Assets 2014: $482,265Liabilities 2014: $111,263Net Assets 2014: $371,0022014Assets 2015: $465,451Liabilities 2015: $128,591Net Assets 2015: $336,8602015Assets 2016: $559,814Liabilities 2016: $132,028Net Assets 2016: $427,7862016Assets 2017: $569,835Liabilities 2017: $169,501Net Assets 2017: $400,3342017Assets 2018: $1,546,618Liabilities 2018: $145,026Net Assets 2018: $1,401,5922018Assets 2019: $1,520,661Liabilities 2019: $71,556Net Assets 2019: $1,449,1052019Assets 2020: $1,742,964Liabilities 2020: $62,589Net Assets 2020: $1,680,3752020Assets 2021: $1,572,116Liabilities 2021: $162,122Net Assets 2021: $1,409,9942021Assets 2022: $1,621,849Liabilities 2022: $159,661Net Assets 2022: $1,462,1882022

Highlighted filing

2022

Assets$1,621,849
Liabilities$159,661
Net Assets$1,462,188
Open 2022 Filing

Operations Trend

Revenue Growth77th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $74,677Expenses 2011: $190,323Net Income 2011: -$115,6462011Revenue 2012: $75,352Expenses 2012: $199,159Net Income 2012: -$123,8072012Revenue 2013: $27,438Expenses 2013: $124,475Net Income 2013: -$97,0372013Revenue 2014: $185,708Expenses 2014: $190,603Net Income 2014: -$4,8952014Revenue 2015: $179,595Expenses 2015: $220,945Net Income 2015: -$41,3502015Revenue 2016: $321,139Expenses 2016: $231,474Net Income 2016: $89,6652016Revenue 2017: $195,839Expenses 2017: $216,525Net Income 2017: -$20,6862017Revenue 2018: $1,210,887Expenses 2018: $207,125Net Income 2018: $1,003,7622018Revenue 2019: $246,998Expenses 2019: $181,455Net Income 2019: $65,5432019Revenue 2020: $262,339Expenses 2020: $236,567Net Income 2020: $25,7722020Revenue 2021: $187,952Expenses 2021: $458,333Net Income 2021: -$270,3812021Revenue 2022: $253,553Expenses 2022: $196,490Net Income 2022: $57,0632022

Highlighted filing

2022

Revenue$253,553
Expenses$196,490
Net Income$57,063
Open 2022 Filing

Filings

Most recent year

2022 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,621,849
Liabilities
$159,661
Net assets
$1,462,188
Revenue
$253,553
Expenses
$196,490
Net income
$57,063
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.62$0.16$1.46$0.25$0.20$0.06
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.57$0.16$1.41$0.19$0.46$0.27
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.74$0.06$1.68$0.26$0.24$0.03
2019Summary only. Only limited summary data is available for this year.$1.52$0.07$1.45$0.25$0.18$0.07
2018Summary only. Only limited summary data is available for this year.$1.55$0.15$1.40$1.21$0.21$1.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.57$0.17$0.40$0.20$0.22$0.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.56$0.13$0.43$0.32$0.23$0.09
2015Detailed filing. Detailed filing data is available for this year.$0.47$0.13$0.34$0.18$0.22$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.48$0.11$0.37$0.19$0.19$0.00
2013Summary only. Only limited summary data is available for this year.$0.35$0.11$0.24$0.03$0.12$0.10
2012Summary only. Only limited summary data is available for this year.$0.53$0.09$0.44$0.08$0.20$0.12
2011Summary only. Only limited summary data is available for this year.$0.67$0.10$0.57$0.07$0.19$0.12
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$253,553
Mission and Program Overview

Mission

South texas corporations primary purpose is to develop affordable housing for low to moderate income families.

South texas economic development corporations primary purpose is to develope affordable housing for low to moderate income families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,176,492$1,176,492→ $0
Cash and Non-Interest-Bearing Accounts$184,553$341,132▲ $156,579
Investments Program Related$207,664$207,664→ $0
Accounts Receivable$708$5,601▲ $4,893
Total Assets$1,572,116$1,621,849▲ $49,733
Other Assets Total$2,699$-109,040▼ $111,739
Liabilities
Mortgage Notes Payable Secured by Investment Property$81,596$81,596→ $0
Accounts Payable and Accrued Expenses$80,526$78,065▼ $2,461
Total Liabilities$162,122$159,661▼ $2,461
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,409,994$1,462,188▲ $52,194
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$1,409,994$1,462,188▲ $52,194
Total Liabilities and Net Assets / Fund Balance$1,572,116$1,621,849▲ $49,733

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$207,664--
Buildings$1,079,126$193,251$0
Other Land Buildings$0$0$0
Land$97,366-$0
Equipment$0$0$0
Leasehold Improvements$0$0$0
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Jose F PerezPresident
Daniel a GuzmanVice President
Jorge J RodriguezDirector
Oscar RamirezDirector
Rolando GuerraSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$34
Other Revenue
$253,519
Change in Net Assets
$57,063
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$154,732
Salaries, Compensation, and Employee Benefits$41,758
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$36,604--$36,604
Occupancy$31,325$180-$31,505
Other Expenses$26,668$0$0$26,668
Fees for Services Accounting$21,200$5,300-$26,500
Insurance$13,116--$13,116
Conferences and Meetings$5,964--$5,964
Office Expenses$3,544$2,282-$5,826
Payroll Taxes$5,154--$5,154
Fees for Services Legal$2,800$700-$3,500
Interest$3,233--$3,233
Advertising$854--$854
Travel-$424-$424
Information Technology-$90-$90
Total Functional Expenses$174,514$21,976$0$196,490
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
Yes
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Executive Director presents 990 to all board members for review, board votes on approval prior to filing of form 990”

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

“Enforcement of conflicts policy annual disclosure by board for conflicts of interest”

Form 990, Part VI, Section B, Line 15

“Compensation process for Executive Director, board reviews compensation to approve. Compensation process for officer: Board reviews compensation.”

Form 990, Part VI, Section C, Line 19

“Governing documents, disclosures explanation, audited financial statements, and annual 990 are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
South Texas Economic Development Corporation Inc
EIN
74-2785599
Phone
9569693024
Address
1800 N TEXAS BLVD, WESLACO, TX 78599

Signing Officer

Name
Andrea Roldan
Title
Principal Officer
Phone
9569693024
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrea Roldan
Formed
1996
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
2
Volunteers
0

Preparer

Firm
Luis C Orozco
Address
808 Del Oro Lane, Pharr, TX 78577
Preparer
Luis Orozco
Phone
9567825481
Raw XML AppendixShowing 400 of 425 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/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0ANDREA ROLDAN
IRS990/PriorPeriodAdjustmentsAmt0-4869
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03025
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt066793
IRS990/PYOtherExpensesAmt0412204
IRS990/PYOtherRevenueAmt0118134
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-270381
IRS990/PYSalariesCompEmpBnftPaidAmt046129
IRS990/PYTotalExpensesAmt0458333
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0187952
IRS990/ReconcilationRevenueExpnssAmt057063
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt0128519
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt0253553
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0128519
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0121159
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01209916
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01459594
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.88332
IRS990ScheduleA/PublicSupportPY170Pct00.95691
IRS990ScheduleA/PublicSupportTotal170Amt01459594
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0128519
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0121159
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01209916
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01459594
IRS990ScheduleA/TotalSupportAmt01652392
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt0125034
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt066793
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt0971
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt0192798
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01079126
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0193251
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt01272377
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt00
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0207664
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0Investments - Green Valley
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/LandGrp/BookValueAmt097366
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt097366
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01176492
IRS990ScheduleD/TotalBookValueProgramRltdAmt0207664
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Executive Director presents 990 to all board members for review, board votes on approval prior to filing of form 990
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Enforcement of conflicts policy annual disclosure by board for conflicts of interest
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Compensation process for Executive Director, board reviews compensation to approve. Compensation process for officer: Board reviews compensation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Governing documents, disclosures explanation, audited financial statements, and annual 990 are available to the public 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 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TX
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01572116
IRS990/TotalAssetsEOYAmt01621849
IRS990/TotalAssetsGrp/BOYAmt01572116
IRS990/TotalAssetsGrp/EOYAmt01621849
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt021976
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0174514
IRS990/TotalFunctionalExpensesGrp/TotalAmt0196490
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0162122
IRS990/TotalLiabilitiesEOYAmt0159661
IRS990/TotalLiabilitiesGrp/BOYAmt0162122
IRS990/TotalLiabilitiesGrp/EOYAmt0159661
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01409994
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01462188
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt0174514
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0253553
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0253553
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01572116
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01621849
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0424
IRS990/TravelGrp/TotalAmt0424
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01800 N TEXAS BLVD
IRS990/USAddress/CityNm0WESLACO
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd078599
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd00
IRS990/WrittenPolicyOrProcedureInd01
ReasonableCauseExplanation/ExplanationTxt0Extension Form 8868 was submitted due to pending audit.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd011
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd01
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ANDREA ROLDAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Principal Officer
ReturnHeader/BusinessOfficerGrp/PhoneNum09569693024

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