Civic Intelligence

Hamlin Economic Devel Corp

EIN 75-2397201 • 501(c)3 • Hamlin, TX

Profile

Attract, promote, and assist businesses in and around the city of hamlin in an attempt to promote economic development.

PO Box 250Hamlin, TX 79520

n/A

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2017

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2017

Net Margin

8th percentile

-122%

Higher net margin than 8% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

9th percentile

-100%

Faster asset growth than 9% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

5th percentile

-95%

Faster revenue growth than 5% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$0

Down $2,023,269 (-100%) from 2016

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Down

$0

Down $2,023,269 (-100%) from 2016

Revenue

Down

$49,343

Down $937,276 (-95%) from 2016

Expenses

Down

$109,641

Down $19,014 (-15%) from 2016

Net Income

Down

-$60,298

Down $918,262 (-107%) from 2016

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $1,336,329Liabilities 2010: $115,179Net Assets 2010: $1,221,1502010Assets 2011: $1,225,700Liabilities 2011: $76,874Net Assets 2011: $1,148,8262011Assets 2012: $1,175,564Liabilities 2012: $50,430Net Assets 2012: $1,125,1342012Assets 2013: $1,169,005Liabilities 2013: $36,456Net Assets 2013: $1,132,5492013Assets 2014: $1,180,761Liabilities 2014: $22,049Net Assets 2014: $1,158,7122014Assets 2015: $1,170,100Liabilities 2015: $4,795Net Assets 2015: $1,165,3052015Assets 2016: $2,023,269Liabilities 2016: $0Net Assets 2016: $2,023,2692016Assets 2017: $0Net Assets 2017: $02017

Highlighted filing

2017

Assets$0
Liabilities-
Net Assets$0

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $155,0602010Expenses 2011: $125,9072011Expenses 2012: $116,6602012Expenses 2013: $108,4352013Revenue 2014: $134,659Expenses 2014: $108,496Net Income 2014: $26,1632014Revenue 2015: $132,676Expenses 2015: $126,083Net Income 2015: $6,5932015Revenue 2016: $986,619Expenses 2016: $128,655Net Income 2016: $857,9642016Revenue 2017: $49,343Expenses 2017: $109,641Net Income 2017: -$60,2982017

Highlighted filing

2017

Revenue$49,343
Expenses$109,641
Net Income-$60,298

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Jun 30, 2017
Signed
Jul 27, 2018
Return Version
2016v3.0
Gross Receipts
$49,343
Mission and Program Overview

Mission

Attract, promote, and assist businesses in and around the city of hamlin in an attempt to promote economic development.

Attract, promote, and assist businesses in an around the city of hamlin in an attempt to promote economic development

Program Services

DescriptionGrantsExpenses
ECONOMIC DEVELOPMENT$59,938-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MICKIE DIERSINGExecutive DirectorPT$7,200-$7,200
ALICIA SMITHPresident-$0--
KENNETH WILLIAMSDirector-$0--
JAMES SPALDINGDirector-$0--
RICHARD VILLANUEVADirector-$0--
LONNIE POWELLDirector-$0--
Filing and Contact Details

Filer

Filer Name
Hamlin Economic Devel Corp
EIN
75-2397201
Phone
3255762711
Address
PO BOX 250, HAMLIN, TX 79520

Signing Officer

Name
Alicia Smith
Title
President
Signed
2018-07-27
Discuss with paid preparer
Yes

Preparer

Firm
James E Rodgers & Company
Address
20 SW 3rd St, Hamlin, TX 79520
Preparer
Gerald L Rodgers CPA
Phone
3255762356
Supplemental Narrative

Additional Explanations

Other Revenue.1

OTHER INCOME $905

Other Expenses.1002

Office Expenses $843

Other Expenses.1005

Travel $63

Other Expenses.1006

Payments of Travel or Entertainment for Public Officials $275

Other Expenses.1012

Insurance $5124

Other Expenses.1

Property repair/maint $55677

Other Expenses.2

Dissolution escrow acct $30380

Other Expenses.3

PROPERTY TAXES $4261

Other Assets.1003

Machinery and Equipment - Beginning $9760 Machinery and Equipment - Ending $0

Other Assets.1009

Notes and Loans Receivable - Beginning $71000 Notes and Loans Receivable - Ending $0

Other Assets.1012

Intangible Assets - Beginning $3919 Intangible Assets - Ending $0

Changes to Organizing or Governing Documents

The City of Hamlin conducted an election on November 8, 2016 to terminate the Hamlin Economic Development Corporation, a Type A economic development corporation, and create a municipal development district. The election proposition read as follows: The City of Hamlin Economic Development Corporation (Type A) shall be terminated with the abolition of its sales and use tax for the promotion and development of new and expanded business enterprises at the rate of one-quarter of one percent, and concurrently, authorize the creation of the City of Hamlin Municipal Development District with the imposition of a sales and use tax within the incorporated City limits of the City of Hamlin, Texas, which boundaries shall automatically conform to any changes in the corporate boundaries of the City at the rate of one-quarter of one percent for the purpose of financing development projects beneficial to the district. 566 votes were cast for adoption of the Proposition. 103 votes were cast against adoption of the of the Proposition. Thus, the old economic development corporation was terminated, and a new municipal development district was created. A separate 990 was filed for the new Hamlin Municipal Development District (82-2599633).

Raw XML Appendix185 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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IRS990EZ/ProgramServiceRevenueAmt024082
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IRS990ScheduleN/AssetsDistributedInd0true
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER INCOME $905
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Office Expenses $843
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11The City of Hamlin conducted an election on November 8, 2016 to terminate the Hamlin Economic Development Corporation, a Type A economic development corporation, and create a municipal development district. The election proposition read as follows: The City of Hamlin Economic Development Corporation (Type A) shall be terminated with the abolition of its sales and use tax for the promotion and development of new and expanded business enterprises at the rate of one-quarter of one percent, and concurrently, authorize the creation of the City of Hamlin Municipal Development District with the imposition of a sales and use tax within the incorporated City limits of the City of Hamlin, Texas, which boundaries shall automatically conform to any changes in the corporate boundaries of the City at the rate of one-quarter of one percent for the purpose of financing development projects beneficial to the district. 566 votes were cast for adoption of the Proposition. 103 votes were cast against adoption of the of the Proposition. Thus, the old economic development corporation was terminated, and a new municipal development district was created. A separate 990 was filed for the new Hamlin Municipal Development District (82-2599633).
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Revenue.1
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Changes to Organizing or Governing Documents
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ALICIA SMITH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-07-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HAMLIN ECONOMIC DEVEL CORP
ReturnHeader/Filer/BusinessNameControlTxt0HAML
ReturnHeader/Filer/EIN0752397201
ReturnHeader/Filer/PhoneNum03255762711
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 250
ReturnHeader/Filer/USAddress/CityNm0HAMLIN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd079520
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0James E Rodgers & Company
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt020 SW 3rd St
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Hamlin
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd079520
ReturnHeader/PreparerPersonGrp/PhoneNum03255762356
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Gerald L Rodgers CPA
ReturnHeader/ReturnTs02018-07-27T11:59:48-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-10-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

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