Civic Intelligence

South Texas Economic Development Corporation Inc.

990 • Fiscal year 2015 • EIN 74-2785599

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 04, 2016

Organization Profile
1800 North Texas BlvdWeslaco, TX 78596

(956) 969-3024

Siviq Scores

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

Liabilities / Assets

84th percentile

0.28x

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

94th percentile

0.72x

Higher debt load relative to revenue than 94% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

14th percentile

-23%

Higher net margin than 14% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

38th percentile

-3.5%

Faster asset growth than 38% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

43rd percentile

-3.3%

Faster revenue growth than 43% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets84th percentile

Assets

Down

$465,451

Down $16,814 (-3.5%) from 2014

Net Assets

Down

$336,860

Down $34,142 (-9.2%) from 2014

Liabilities

Up

$128,591

Up $17,328 (+16%) from 2014

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin14th percentile

Revenue

Down

$179,595

Down $6,113 (-3.3%) from 2014

Expenses

Up

$220,945

Up $30,342 (+16%) from 2014

Net Income

Down

-$41,350

Down $36,455 (-745%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth38th percentile

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

$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

2015

Assets$465,451
Liabilities$128,591
Net Assets$336,860
Open 2015 Filing

Operations Trend

Revenue Growth43rd percentile

Revenue, expenses, and net income across loaded years, with this 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

2015

Revenue$179,595
Expenses$220,945
Net Income-$41,350
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 4, 2016
Return Version
2015v2.1
Gross Receipts
$179,595
Mission and Program Overview

Mission

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

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$207,809$207,664▼ $145
Land, Buildings, and Equipment, Net$150,947$146,714▼ $4,233
Savings and Temporary Cash Investments-$62,387-
Cash and Non-Interest-Bearing Accounts$123,509$48,686▼ $74,823
Total Assets$482,265$465,451▼ $16,814
Liabilities
Mortgage Notes Payable Secured by Investment Property$73,131$93,730▲ $20,599
Other Liabilities$35,222$33,052▼ $2,170
Accounts Payable and Accrued Expenses$2,910$1,809▼ $1,101
Total Liabilities$111,263$128,591▲ $17,328
Net Assets / Fund Balance
Unrestricted Net Assets$371,002$336,860▼ $34,142
Total Net Assets Fund Balance$371,002$336,860▼ $34,142
Total Liabilities and Net Assets / Fund Balance$482,265$465,451▼ $16,814

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$48,533$61,374$109,907
Land$97,366-$97,366
Equipment$815$11,311$12,126
Investment Program Related Org$207,664--
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
Henry RodriguezPresident
Beatriz FariasDirector
Jose Francisco PerezDirector
Rolando GuerraDirector
Jesse PerezExecutive Di
Jorge J RodriguezSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$179,353
Investment Income
$387
Other Revenue
$-145
Change in Net Assets
$-41,350

Audited Revenue Reconciliation

Revenue per Audited Statements
$179,595
Revenue Not Reported on Form 990
$-242
Total Revenue per Audited Statements
$179,353
Total Revenue per Form 990
$179,595
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$166,013
Salaries, Compensation, and Employee Benefits$54,932
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$44,903-$44,903
Occupancy$30,598--$30,598
Conferences and Meetings-$11,844-$11,844
All Other Expenses$7,557$3,840-$11,397
Other Expenses$11,133$18,000-$11,133
Insurance$7,528$1,865-$9,393
Other Employee Benefits-$6,667-$6,667
Fees for Services Legal-$6,600-$6,600
Interest$5,368--$5,368
Depreciation Depletion$4,397--$4,397
Payroll Taxes-$3,362-$3,362
Office Expenses$3,305--$3,305
Payment Travel Entrtnmnt Publicly Ofcl-$1,325-$1,325
Fees for Services Accounting-$317-$317
Total Functional Expenses$95,212$125,733$0$220,945

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$220,945
Total Expenses per Audited Statements$220,945
Total Expenses per Form 990$220,945
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
Tax Bill Payable$27,010
Tenant Security Deposits$4,039
Accrued Vacation$1,165
Payroll Liabilities$838
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
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, Page 6, Part VI, Line 11B

“Executive director presents 990 tax return to all board members for review. Board votes on approval prior to filing of form 990.”

Form 990, Page 6, Part VI, Line 12C

“Annual disclosure by board for conflicts of interest.”

Form 990, Page 6, Part VI, Line 15A

“Board does compensation review.”

Form 990, Page 6, Part VI, Line 15B

“Board does compensation review.”

Form 990, Page 6, Part VI, Line 19

“Audited financial statements and annual 990's are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
South Texas Economic Development
EIN
74-2785599
Phone
9569693024
Address
1800 NORTH TEXAS BLVD, WESLACO, TX 78596

Signing Officer

Name
Jesse Perez
Title
Executive Director
Phone
9569693024
Signed
2016-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jesse Perez
Formed
1996
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
4

Preparer

Firm
Oscar R Gonzalez CPA & Associates Pllc
Address
208 W FERGUSON UNIT 1, PHARR, TX 78577-2455
Preparer
Melissa Gonzalez CPA
Phone
9567879909
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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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IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt048533
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt061374
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0109907
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt027010
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14039
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21165
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3838
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TAX BILL PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED VACATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3PAYROLL LIABILITIES
IRS990ScheduleD/RevenueNotReportedAmt0-242
IRS990ScheduleD/RevenueSubtotalAmt0179595
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0146714
IRS990ScheduleD/TotalBookValueProgramRltdAmt0207664
IRS990ScheduleD/TotalExpensesPerForm990Amt0220945
IRS990ScheduleD/TotalLiabilityAmt033052
IRS990ScheduleD/TotalRevenuePerForm990Amt0179595
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0179353
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0220945
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXECUTIVE DIRECTOR PRESENTS 990 TAX RETURN TO ALL BOARD MEMBERS FOR REVIEW. BOARD VOTES ON APPROVAL PRIOR TO FILING OF FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUAL DISCLOSURE BY BOARD FOR CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD DOES COMPENSATION REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD DOES COMPENSATION REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AUDITED FINANCIAL STATEMENTS AND ANNUAL 990'S ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0482265
IRS990/TotalAssetsEOYAmt0465451
IRS990/TotalAssetsGrp/BOYAmt0482265
IRS990/TotalAssetsGrp/EOYAmt0465451
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0125733
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt095212
IRS990/TotalFunctionalExpensesGrp/TotalAmt0220945
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0111263
IRS990/TotalLiabilitiesEOYAmt0128591
IRS990/TotalLiabilitiesGrp/BOYAmt0111263
IRS990/TotalLiabilitiesGrp/EOYAmt0128591
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0371002
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0336860
IRS990/TotalProgramServiceExpensesAmt095212
IRS990/TotalProgramServiceRevenueAmt0179353
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0179595
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0179595
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0482265
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0465451
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0371002
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0336860
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01800 N TEXAS BLVD
IRS990/USAddress/CityNm0WESLACO
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd078596
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JESSE PEREZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09569693024
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOUTH TEXAS ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION INC
ReturnHeader/Filer/BusinessNameControlTxt0SOUT
ReturnHeader/Filer/EIN0742785599
ReturnHeader/Filer/PhoneNum09569693024
ReturnHeader/Filer/USAddress/AddressLine1Txt01800 NORTH TEXAS BLVD
ReturnHeader/Filer/USAddress/CityNm0WESLACO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd078596
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0273582518
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0OSCAR R GONZALEZ CPA & ASSOCIATES PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0208 W FERGUSON UNIT 1
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PHARR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0785772455
ReturnHeader/PreparerPersonGrp/PhoneNum09567879909
ReturnHeader/PreparerPersonGrp/PreparationDt02016-11-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MELISSA GONZALEZ CPA
ReturnHeader/ReturnTs02016-11-07T15:26:05-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$465,451
Liabilities
$128,591
Net assets
$336,860
Revenue
$179,595
Expenses
$220,945
Net income
-$41,350
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