Civic Intelligence

Paisano Housing Redevelopment Corporation

990 • Fiscal year 2013 • EIN 74-2793526

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 14, 2014

5300 E Paisano Dr79905

(915) 849-3730

Siviq Scores

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

Liabilities / Assets

75th percentile

0.58x

Higher debt load relative to assets than 75% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Liabilities / Revenue

88th percentile

2.55x

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

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Net Margin

98th percentile

93%

Higher net margin than 98% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

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

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Asset Growth

99th percentile

151%

Faster asset growth than 99% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Up

$14,934,349

Up $8,984,800 (+151%) from 2012

Net Assets

Up

$6,319,389

Up $3,156,987 (+100%) from 2012

Liabilities

Up

$8,614,960

Up $5,827,813 (+209%) from 2012

Revenue

$3,379,149

No earlier filing loaded for comparison.

Expenses

Down

$222,162

Down $220,539 (-50%) from 2012

Net Income

$3,156,987

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$600M$400M$200M$0Assets 2011: $4,358,771Liabilities 2011: $760,721Net Assets 2011: $3,598,0502011Assets 2012: $5,949,549Liabilities 2012: $2,787,147Net Assets 2012: $3,162,4022012Assets 2013: $14,934,349Liabilities 2013: $8,614,960Net Assets 2013: $6,319,3892013Assets 2014: $20,715,546Liabilities 2014: $9,177,745Net Assets 2014: $11,537,8012014Assets 2015: $27,472,143Liabilities 2015: $6,001,700Net Assets 2015: $21,470,4432015Assets 2016: $61,746,815Liabilities 2016: $9,889,581Net Assets 2016: $51,857,2342016Assets 2017: $205,814,362Liabilities 2017: $21,484,841Net Assets 2017: $184,329,5212017Assets 2018: $274,014,527Liabilities 2018: $77,356,846Net Assets 2018: $196,657,6812018Assets 2019: $355,148,576Liabilities 2019: $92,133,613Net Assets 2019: $263,014,9632019Assets 2020: $376,433,899Liabilities 2020: $101,645,679Net Assets 2020: $274,788,2202020Assets 2021: $313,193,517Liabilities 2021: $101,862,575Net Assets 2021: $211,330,9422021Assets 2022: $370,474,608Liabilities 2022: $109,498,148Net Assets 2022: $260,976,4602022Assets 2023: $415,242,739Liabilities 2023: $133,179,635Net Assets 2023: $282,063,1042023Assets 2024: $426,248,532Liabilities 2024: $139,427,079Net Assets 2024: $286,821,4532024

Highlighted filing

2013

Assets$14,934,349
Liabilities$8,614,960
Net Assets$6,319,389

Operations Trend

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

$100M$50M$0-$50MExpenses 2011: $20,4302011Expenses 2012: $442,7012012Revenue 2013: $3,379,149Expenses 2013: $222,162Net Income 2013: $3,156,9872013Revenue 2014: $2,071,702Expenses 2014: $160,903Net Income 2014: $1,910,7992014Revenue 2015: $8,347,432Expenses 2015: $249,329Net Income 2015: $8,098,1032015Revenue 2016: $1,228,332Expenses 2016: $1,567,118Net Income 2016: -$338,7862016Revenue 2017: $9,655,493Expenses 2017: $2,651,906Net Income 2017: $7,003,5872017Revenue 2018: $10,907,650Expenses 2018: $5,451,452Net Income 2018: $5,456,1982018Revenue 2019: $79,431,828Expenses 2019: $5,094,699Net Income 2019: $74,337,1292019Revenue 2020: $16,928,786Expenses 2020: $976,546Net Income 2020: $15,952,2402020Revenue 2021: $38,229,111Expenses 2021: -$997,348Net Income 2021: $39,226,4592021Revenue 2022: $38,704,103Expenses 2022: -$7,640,424Net Income 2022: $46,344,5272022Revenue 2023: $28,956,922Expenses 2023: $7,870,278Net Income 2023: $21,086,6442023Revenue 2024: $35,812,207Expenses 2024: $9,090,921Net Income 2024: $26,721,2862024

Highlighted filing

2013

Revenue$3,379,149
Expenses$222,162
Net Income$3,156,987
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 14, 2014
Return Version
2013v3.0
Gross Receipts
$3,629,985
Mission and Program Overview

Mission

Promote community reinvestment by financing institutions to support the affordable housing needs of lower income residents through community development lending, affordable housing, or linked deposit programs.

Issue tax-exempt bonds or notes to finance public facilities on behalf of the housing authority, or to loan the proceeds of the tax-exempt obligations to other entities to accomplish the purposes of the housing authority.promote community reinvestment by financing institutions to support the affordable housing needs of lower income residents through community development lending, affordable housing, or linked deposit programs.support, develop, and provide opportunities for low and moderate income residents to undertake business enterprises and to become self-sufficient by participating in education, job training, and employment programs to reduce their dependency on public benefits and to lessen their burden on government; and to provide social services to support the business enterprises, self-sufficiency, and family and community improvement efforts of low and moderate income residents.support by gifts, contributions or assistance of other non-profit corporations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$0$6,941,449▲ $6,941,449
Rtn Earn Endowment Incm Other Fnds$3,162,402$6,319,389▲ $3,156,987
Cash and Non-Interest-Bearing Accounts$4,499,725$1,337,693▼ $3,162,032
Investments Other Securities$44$883,992▲ $883,948
Prepaid Expenses and Deferred Charges-$4,518-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$5,949,549$14,934,349▲ $8,984,800
Other Assets Total$1,449,780$5,766,697▲ $4,316,917
Liabilities
Other Liabilities$362,336$8,536,323▲ $8,173,987
Accounts Payable and Accrued Expenses$2,424,811$69,906▼ $2,354,905
Unsecured Notes Loans Payable-$8,731-
Total Liabilities$2,787,147$8,614,960▲ $5,827,813
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,162,402$6,319,389▲ $3,156,987
Total Liabilities and Net Assets / Fund Balance$5,949,549$14,934,349▲ $8,984,800

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,238,394$89,106-
Land$703,055--
Other Assets Org$5,766,697--
Other Securities$883,992--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Joe FernandezChairperson
Sue PrattVice-chairperson
Gerald CichonChief Executive Officer
Satish BhaskarChief Financial Officer
Kevin QuinnCommisioner
Lynn CoyleCommisioner
Guadalupe LicerioResident Commisioner
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,519,882
Investment Income
$0
Other Revenue
$-140,733
Change in Net Assets
$3,156,987
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$222,162
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal$79,376--$79,376
Interest$31,163--$31,163
Other Expenses$27,757$60,204-$27,757
Fees for Services Management$3,090--$3,090
Advertising$505--$505
Total Functional Expenses$161,958$60,204$0$222,162
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
Loan Payable to Eastside Crossing Development$8,418,166
Accrued Interest$98,151
Security Deposit Payable$12,211
Accrued Expenses$7,795
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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, Section B, Line 11

Board review is conducted of form 990. Upon board approval, chief executive officer signs form 990.

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

EIN
74-2793526
Phone
9158493730

Signing Officer

Name
Gerald Cichon
Title
Executive Director/secretary
Phone
9158493730
Signed
2014-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gerald Cichon
Formed
1996
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Preparer
George F Littlejohn
Phone
5123400420
Raw XML Appendix397 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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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SECURITY DEPOSIT PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED EXPENSES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3LOAN PAYABLE TO EASTSIDE CROSSING DEVELOPMENT
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0883992
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENT - PASSTHROUGH ACTIVITY
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06941449
IRS990ScheduleD/TotalBookValueOtherAssetsAmt05766697
IRS990ScheduleD/TotalBookValueSecuritiesAmt0883992
IRS990ScheduleD/TotalLiabilityAmt08536323
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD REVIEW IS CONDUCTED OF FORM 990. UPON BOARD APPROVAL, CHIEF EXECUTIVE OFFICER SIGNS FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0262443450
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN1205786753
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt1C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd1TX
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct11.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0REAL ESTATE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt1REAL ESTATE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine10ALAMITO GARDENS GP LLC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine11ALAMITO TERRACE GPLLC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine105300 E PAISANO DR
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine115300 E PAISANO DR
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/City0EL PASO
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/City1EL PASO
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/State0TX
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/State1TX
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCode079905
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCode179905
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0743017365
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd01
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/OwnershipPct00.00010
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt0INVESTMENT
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0REAL ESTATE
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine10BIENVIVIR PARKSIDE SENIOR COMMUNITY LTD
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine105300 E PAISANO DR
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/City0EL PASO
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/State0TX
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCode079905
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt05949549
IRS990/TotalAssetsEOYAmt014934349
IRS990/TotalAssetsGrp/BOYAmt05949549
IRS990/TotalAssetsGrp/EOYAmt014934349
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt060204
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0161958
IRS990/TotalFunctionalExpensesGrp/TotalAmt0222162
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02787147
IRS990/TotalLiabilitiesEOYAmt08614960
IRS990/TotalLiabilitiesGrp/BOYAmt02787147
IRS990/TotalLiabilitiesGrp/EOYAmt08614960
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03162402
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06319389
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt068564
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt068564
IRS990/TotalProgramServiceExpensesAmt0161958
IRS990/TotalProgramServiceRevenueAmt03519882
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03379149
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03379149
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05949549
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt014934349
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt08731
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.HACEP.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0GERALD CICHON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR/SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum09158493730
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine10PAISANO HOUSING RE-DEVELOPMENT CORP
ReturnHeader/Filer/BusinessNameControlTxt0PAIS
ReturnHeader/Filer/EIN0742793526
ReturnHeader/Filer/PhoneNum09158493730
ReturnHeader/Filer/USAddress/AddressLine105300 E PAISANO DR
ReturnHeader/Filer/USAddress/City0EL PASO
ReturnHeader/Filer/USAddress/State0TX
ReturnHeader/Filer/USAddress/ZIPCode079905
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0943108253
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10NOVOGRADAC & COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1011044 RESEARCH BLVD SUITE 400 BLDG
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine20C
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0AUSTIN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode078759
ReturnHeader/PreparerPersonGrp/PhoneNum05123400420
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GEORGE F LITTLEJOHN
ReturnHeader/ReturnTs02014-11-15T16:09:40-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$426$139$287$35.8$9.09$26.7
2023Detailed filing. Detailed filing data is available for this year.$415$133$282$29.0$7.87$21.1
2022Detailed filing. Detailed filing data is available for this year.$370$109$261$38.7$7.64$46.3
2021Detailed filing. Detailed filing data is available for this year.$313$102$211$38.2$1.00$39.2
2020Detailed filing. Detailed filing data is available for this year.$376$102$275$16.9$0.98$16.0
2019Detailed filing. Detailed filing data is available for this year.$355$92.1$263$79.4$5.09$74.3
2018Detailed filing. Detailed filing data is available for this year.$274$77.4$197$10.9$5.45$5.46
2017Detailed filing. Detailed filing data is available for this year.$206$21.5$184$9.66$2.65$7.00
2016Detailed filing. Detailed filing data is available for this year.$61.7$9.89$51.9$1.23$1.57$0.34
2015Detailed filing. Detailed filing data is available for this year.$27.5$6.00$21.5$8.35$0.25$8.10
2014Detailed filing. Detailed filing data is available for this year.$20.7$9.18$11.5$2.07$0.16$1.91
2013Detailed filing. Detailed filing data is available for this year.$14.9$8.61$6.32$3.38$0.22$3.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.95$2.79$3.16$0.44
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.36$0.76$3.60$0.02