Civic Intelligence

Midland Community Development Corp

EIN 75-2280264 • 501(c)3 • Midland, TX

Profile

The organization assists qualified first time homebuyers with credit report review, counseling, and down payment assistance to be "mortgage ready" in the puchase of their first home. In partnership with the city of midland, the organization revitalizes "target areas" designated as distressed by developing home communities for these qualified low income families.

208 S MarienfeldMidland, TX 79701

www.midlandcdc.org

Siviq Scores

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

Liabilities / Assets

46th percentile

0.05x

Higher debt load relative to assets than 46% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

72nd percentile

0.28x

Higher debt load relative to revenue than 72% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

86th percentile

41%

Higher net margin than 86% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

78th percentile

$106,128

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 12.0% of source-year revenue.

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

Asset Growth

57th percentile

6.5%

Faster asset growth than 57% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

20th percentile

-11%

Faster revenue growth than 20% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets46th percentile

Assets

Up

$4,549,039

Up $358,193 (+8.5%) from 2022

Liabilities

Up

$409,970

Up $144,502 (+54%) from 2022

Net Assets

Up

$4,139,069

Up $213,691 (+5.4%) from 2022

Operations
Liabilities / Revenue72nd percentileNet Margin86th percentile

Revenue

Down

$682,188

Down $202,637 (-23%) from 2022

Expenses

Down

$468,497

Down $13,057 (-2.7%) from 2022

Net Income

Down

$213,691

Down $189,580 (-47%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth57th percentile

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

$6.0M$4.0M$2.0M$0Assets 2010: $1,336,155Liabilities 2010: $617,864Net Assets 2010: $718,2912010Assets 2011: $1,547,162Liabilities 2011: $687,389Net Assets 2011: $859,7732011Assets 2012: $1,537,630Liabilities 2012: $537,661Net Assets 2012: $999,9692012Assets 2013: $1,921,888Liabilities 2013: $1,025,135Net Assets 2013: $896,7532013Assets 2014: $1,265,538Liabilities 2014: $176,925Net Assets 2014: $1,088,6132014Assets 2015: $2,063,375Liabilities 2015: $537,178Net Assets 2015: $1,526,1972015Assets 2016: $2,655,304Liabilities 2016: $947,938Net Assets 2016: $1,707,3662016Assets 2017: $2,426,626Liabilities 2017: $778,273Net Assets 2017: $1,648,3532017Assets 2018: $2,565,989Liabilities 2018: $828,600Net Assets 2018: $1,737,3892018Assets 2019: $2,425,221Liabilities 2019: $1,125,729Net Assets 2019: $1,299,4922019Assets 2020: $2,332,525Liabilities 2020: $689,313Net Assets 2020: $1,643,2122020Assets 2021: $4,099,688Liabilities 2021: $702,738Net Assets 2021: $3,396,9502021Assets 2022: $4,190,846Liabilities 2022: $265,468Net Assets 2022: $3,925,3782022Assets 2023: $4,549,039Liabilities 2023: $409,970Net Assets 2023: $4,139,0692023

Highlighted filing

2023

Assets$4,549,039
Liabilities$409,970
Net Assets$4,139,069
Open 2023 Filing

Operations Trend

Revenue Growth20th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $794,4252010Expenses 2011: $527,0262011Revenue 2012: $731,592Expenses 2012: $591,396Net Income 2012: $140,1962012Revenue 2013: $566,703Expenses 2013: $611,349Net Income 2013: -$44,6462013Revenue 2014: $1,249,873Expenses 2014: $1,058,013Net Income 2014: $191,8602014Revenue 2015: $1,067,268Expenses 2015: $608,684Net Income 2015: $458,5842015Revenue 2016: $750,840Expenses 2016: $569,671Net Income 2016: $181,1692016Revenue 2017: $1,067,340Expenses 2017: $1,068,533Net Income 2017: -$1,1932017Revenue 2018: $1,255,556Expenses 2018: $1,166,520Net Income 2018: $89,0362018Revenue 2019: $538,422Expenses 2019: $976,319Net Income 2019: -$437,8972019Revenue 2020: $793,686Expenses 2020: $449,966Net Income 2020: $343,7202020Revenue 2021: $2,295,541Expenses 2021: $467,624Net Income 2021: $1,827,9172021Revenue 2022: $884,825Expenses 2022: $481,554Net Income 2022: $403,2712022Revenue 2023: $682,188Expenses 2023: $468,497Net Income 2023: $213,6912023

Highlighted filing

2023

Revenue$682,188
Expenses$468,497
Net Income$213,691
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,549,039
Liabilities
$409,970
Net assets
$4,139,069
Revenue
$682,188
Expenses
$468,497
Net income
$213,691
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$4.55$0.41$4.14$0.68$0.47$0.21
2022Detailed filing. Detailed filing data is available for this year.$4.19$0.27$3.93$0.88$0.48$0.40
2021Detailed filing. Detailed filing data is available for this year.$4.10$0.70$3.40$2.30$0.47$1.83
2020Detailed filing. Detailed filing data is available for this year.$2.33$0.69$1.64$0.79$0.45$0.34
2019Detailed filing. Detailed filing data is available for this year.$2.43$1.13$1.30$0.54$0.98$0.44
2018Detailed filing. Detailed filing data is available for this year.$2.57$0.83$1.74$1.26$1.17$0.09
2017Detailed filing. Detailed filing data is available for this year.$2.43$0.78$1.65$1.07$1.07$0.00
2016Detailed filing. Detailed filing data is available for this year.$2.66$0.95$1.71$0.75$0.57$0.18
2015Detailed filing. Detailed filing data is available for this year.$2.06$0.54$1.53$1.07$0.61$0.46
2014Detailed filing. Detailed filing data is available for this year.$1.27$0.18$1.09$1.25$1.06$0.19
2013Detailed filing. Detailed filing data is available for this year.$1.92$1.03$0.90$0.57$0.61$0.04
2012Summary only. Only limited summary data is available for this year.$1.54$0.54$1.00$0.73$0.59$0.14
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.55$0.69$0.86$0.53
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.34$0.62$0.72$0.79
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Mar 18, 2026
Return Version
2023v6.0
Gross Receipts
$879,857
Mission and Program Overview

Mission

The organization assists qualified first time homebuyers with credit report review, counseling, and down payment assistance to be "mortgage ready" in the puchase of their first home. In partnership with the city of midland, the organization revitalizes "target areas" designated as distressed by developing home communities for these qualified low income families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,274,051$3,556,746▲ $1,282,695
Other Notes and Loans Receivable, Net$169,872$708,874▲ $539,002
Cash and Non-Interest-Bearing Accounts$1,511,430$258,637▼ $1,252,793
Accounts Receivable$225,150$15,800▼ $209,350
Prepaid Expenses and Deferred Charges$6,739$6,078▼ $661
Inventories for Sale or Use$3,604$2,904▼ $700
Total Assets$4,190,846$4,549,039▲ $358,193
Liabilities
Accounts Payable and Accrued Expenses$30,368$196,970▲ $166,602
Mortgage Notes Payable Secured by Investment Property$179,100$132,500▼ $46,600
Unsecured Notes Loans Payable$56,000$80,500▲ $24,500
Total Liabilities$265,468$409,970▲ $144,502
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,634,437$4,127,020▲ $1,492,583
Net Assets With Donor Restrictions$1,290,941$12,049▼ $1,278,892
Total Net Assets Fund Balance$3,925,378$4,139,069▲ $213,691
Total Liabilities and Net Assets / Fund Balance$4,190,846$4,549,039▲ $358,193

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,442,731-$1,442,731
Equipment$63,960$224,895$288,855
Buildings$126,948$139,603$266,551
Leasehold Improvements$1,517$29,634$31,151
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sandra TorresEx Director - JulFT$66,752$13,541$80,293
Jaime GandaraAccountantFT$66,208$12,801$79,009

Board Members and Trustees

NameTitle
Brad BullockChairman
Austin NelsonMember
Brenda E CorderoMember
Christopher EdgmondMember
Gilbert AbilaMember
Irma QuirozMember
Jerry MoralesMember
Luis SanchezMember
Marcel CamposMember
Sandra JavellyMember
Eric WesphalTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$223,150
Program Service Revenue
$342,786
Investment Income
$-58,168
Other Revenue
$174,420
All Other Contributions
$223,150
Change in Net Assets
$213,691

Audited Revenue Reconciliation

Revenue per Audited Statements
$682,188
Total Revenue per Audited Statements
$682,188
Total Revenue per Form 990
$682,188
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$252,624
Other Expenses$215,873
Total Fundraising Expense$10,104
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$61,412$71,548-$132,960
Occupancy$61,474--$61,474
Comp Disqual Persons$48,301$4,200-$52,501
Insurance$49,121--$49,121
Other Salaries and Wages$27,434$6,541$9,143$43,118
Depreciation Depletion$27,263--$27,263
Payroll Taxes$10,506$6,304$700$17,510
Pension Plan Contributions$3,921$2,353$261$6,535
Office Expenses$3,768$850-$4,618
Travel$4,525--$4,525
Other Expenses$2,000$2,000-$4,000
Conferences and Meetings$2,335$779-$3,114
All Other Expenses-$2,672-$2,672
Total Functional Expenses$356,341$102,052$10,104$468,497

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$468,497
Total Expenses per Audited Statements$468,497
Total Expenses per Form 990$468,497
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
No
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, Page 6, Part VI, Line 11B

“Form 990 was made available to the executive director before it was filed.”

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

“Any potential conflict is brought up at the next board meeting and discussed by the board and resolved at that point.”

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

“The organization belongs to the texas chapter of community development corporations which provides a compensation survey on an annual basis. The organization uses this survey as a guide, and then the board of directors determines the salary periodically.”

Form 990, Page 6, Part VI, Line 19

“UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Midland Community Development Corp
EIN
75-2280264
Phone
4326822520
Address
208 S MARIENFELD, MIDLAND, TX 79701

Signing Officer

Name
Sandra Torres
Title
Executive Director
Phone
4326822520
Signed
2026-03-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jerry Morales
Formed
1989
Legal Domicile
TX
Voting Board Members
11
Independent Board Members
11
Employees
4
Volunteers
11

Preparer

Firm
Beal & Wilkes Pc
Address
24 SMITH RD STE 225, MIDLAND, TX 79705
Preparer
Sidney R Beal
Phone
4326883946
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item B

“The form 990 originally filed was filed before the audit was completed. The amended return reflects the adjustments made as a result of the audit.”

FORM 990 - ORGANIZATION'S MISSION

“The organization assists qualified first time homebuyers with credit report review, counseling, and down payment assistance to be "mortgage ready" in the puchase of their first home. In partnership with the city of midland, the organization revitalizes "target areas" designated as distressed by developing home communities for these qualified low income families.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt10MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11ACCOUNTANT
IRS990/Form990PartVIISectionAGrp/TitleTxt12EX DIR - JUL
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01989
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt0-97669
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0100000
IRS990/GrossReceiptsAmt0879857
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt011
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt049121
IRS990/InsuranceGrp/TotalAmt049121
IRS990/InventoriesForSaleOrUseGrp/BOYAmt03604
IRS990/InventoriesForSaleOrUseGrp/EOYAmt02904
IRS990/InvestmentIncomeGrp/ExclusionAmt038499
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt01002
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt039501
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0394132
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02274051
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03556746
IRS990/LandBldgEquipCostOrOtherBssAmt03950878
IRS990/LegalDomicileStateCd0TX
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0197669
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE ORGANIZATION ASSISTS QUALIFIED FIRST TIME HOMEBUYERS WITH CREDIT REPORT REVIEW, COUNSELING, AND DOWN PAYMENT ASSISTANCE TO BE "MORTGAGE READY" IN THE PUCHASE OF THEIR FIRST HOME. IN PARTNERSHIP WITH THE CITY OF MIDLAND, THE ORGANIZATION REVITALIZES "TARGET AREAS" DESIGNATED AS DISTRESSED BY DEVELOPING HOME COMMUNITIES FOR THESE QUALIFIED LOW INCOME FAMILIES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0179100
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0132500
IRS990/NetAssetsOrFundBalancesBOYAmt03925378
IRS990/NetAssetsOrFundBalancesEOYAmt04139069
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-97669
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-97669
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02634437
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt04127020
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt061474
IRS990/OccupancyGrp/TotalAmt061474
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0850
IRS990/OfficeExpensesGrp/ProgramServicesAmt03768
IRS990/OfficeExpensesGrp/TotalAmt04618
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0COMMUNITY DEVELOPMENT
IRS990/OtherExpensesGrp/Desc1AUTO EXPENSES
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04805
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12000
IRS990/OtherExpensesGrp/ProgramServicesAmt040968
IRS990/OtherExpensesGrp/ProgramServicesAmt112112
IRS990/OtherExpensesGrp/ProgramServicesAmt21201
IRS990/OtherExpensesGrp/ProgramServicesAmt32000
IRS990/OtherExpensesGrp/TotalAmt040968
IRS990/OtherExpensesGrp/TotalAmt112112
IRS990/OtherExpensesGrp/TotalAmt26006
IRS990/OtherExpensesGrp/TotalAmt34000
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt04954
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04954
IRS990/OtherRevenueTotalAmt04954
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt09143
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt06541
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt027434
IRS990/OtherSalariesAndWagesGrp/TotalAmt043118
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0169872
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0708874
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0700
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06304
IRS990/PayrollTaxesGrp/ProgramServicesAmt010506
IRS990/PayrollTaxesGrp/TotalAmt017510
IRS990/PensionPlanContributionsGrp/FundraisingAmt0261
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02353
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt03921
IRS990/PensionPlanContributionsGrp/TotalAmt06535
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06739
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06078
IRS990/PrincipalOfficerNm0JERRY MORALES
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1DEVELOPER FEES
IRS990/ProgramServiceRevenueGrp/Desc2RESIDENT SERVICES
IRS990/ProgramServiceRevenueGrp/Desc3CREDIT REPORTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0222100
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt196867
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt220000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt33819
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0222100
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt196867
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt220000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt33819
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0277500
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0152268
IRS990/PYOtherExpensesAmt0218764
IRS990/PYOtherRevenueAmt0127514
IRS990/PYProgramServiceRevenueAmt0327543
IRS990/PYRevenuesLessExpensesAmt0403271
IRS990/PYSalariesCompEmpBnftPaidAmt0262790
IRS990/PYTotalExpensesAmt0481554
IRS990/PYTotalRevenueAmt0884825
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0213691
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0342786
IRS990/RoyaltiesRevenueGrp/ExclusionAmt0169466
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt0169466
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0LAND DEVELOPMENT 0 LAND DEVELOPMENT 0
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1OTHER INCOME 9,462 K-1 INCOME OR (LOSS) -468 CREDIT REPORTS 0
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SUPPORTING SCHEDULE
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0223150
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt052500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0185101
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0193213
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0132900
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0786864
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0207965
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0129019
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0211205
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt09308
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt012019
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0569516
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02062807
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt04954
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt02836
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0189
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0823
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0192
IRS990ScheduleA/OtherIncome170Grp/TotalAmt08994
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.46930
IRS990ScheduleA/PublicSupportPY170Pct00.43780
IRS990ScheduleA/PublicSupportTotal170Amt0640786
IRS990ScheduleA/SubstantialContributorsTotAmt0146078
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0223150
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt052500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0185101
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0193213
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0132900
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0786864
IRS990ScheduleA/TotalSupportAmt01365374
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0126948
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0139603
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0266551
IRS990ScheduleD/EquipmentGrp/BookValueAmt063960
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0224895
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0288855
IRS990ScheduleD/ExpensesSubtotalAmt0468497
IRS990ScheduleD/LandGrp/BookValueAmt01442731
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01442731
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01517
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt029634
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt031151
IRS990ScheduleD/RevenueSubtotalAmt0682188
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01635156
IRS990ScheduleD/TotalExpensesPerForm990Amt0468497
IRS990ScheduleD/TotalRevenuePerForm990Amt0682188
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0682188
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0468497
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 ORIGINALLY FILED WAS FILED BEFORE THE AUDIT WAS COMPLETED. THE AMENDED RETURN REFLECTS THE ADJUSTMENTS MADE AS A RESULT OF THE AUDIT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION ASSISTS QUALIFIED FIRST TIME HOMEBUYERS WITH CREDIT REPORT REVIEW, COUNSELING, AND DOWN PAYMENT ASSISTANCE TO BE "MORTGAGE READY" IN THE PUCHASE OF THEIR FIRST HOME. IN PARTNERSHIP WITH THE CITY OF MIDLAND, THE ORGANIZATION REVITALIZES "TARGET AREAS" DESIGNATED AS DISTRESSED BY DEVELOPING HOME COMMUNITIES FOR THESE QUALIFIED LOW INCOME FAMILIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 WAS MADE AVAILABLE TO THE EXECUTIVE DIRECTOR BEFORE IT WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANY POTENTIAL CONFLICT IS BROUGHT UP AT THE NEXT BOARD MEETING AND DISCUSSED BY THE BOARD AND RESOLVED AT THAT POINT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION BELONGS TO THE TEXAS CHAPTER OF COMMUNITY DEVELOPMENT CORPORATIONS WHICH PROVIDES A COMPENSATION SURVEY ON AN ANNUAL BASIS. THE ORGANIZATION USES THIS SURVEY AS A GUIDE, AND THEN THE BOARD OF DIRECTORS DETERMINES THE SALARY PERIODICALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, ITEM B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false

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