Civic Intelligence

Houston Business Development Inc.

990 • Fiscal year 2017 • EIN 76-0216784

Jul 01, 2016 to Jun 30, 2017 • Filed on Jan 30, 2019

Organization Profilewww.hbdi.org
5330 Griggs RoadHouston, TX 77021

(713) 845-2418

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$11,714,355

Down $120,153 (-1.0%) from 2016

Net Assets

Up

$10,449,570

Up $978,007 (+10%) from 2016

Liabilities

Down

$1,264,785

Down $1,098,160 (-46%) from 2016

Revenue And Expenses

Revenue

Up

$3,810,240

Up $2,031,777 (+114%) from 2016

Expenses

Up

$2,833,433

Up $201,485 (+7.7%) from 2016

Net Income

Up

$976,807

Up $1,830,292 (+214%) from 2016

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2011: $9,496,131Liabilities 2011: $2,890,655Net Assets 2011: $6,605,4762011Assets 2012: $11,805,955Liabilities 2012: $2,554,829Net Assets 2012: $9,251,1262012Assets 2013: $11,409,010Liabilities 2013: $2,469,946Net Assets 2013: $8,939,0642013Assets 2014: $13,013,860Liabilities 2014: $2,440,665Net Assets 2014: $10,573,1952014Assets 2015: $12,581,076Liabilities 2015: $2,256,028Net Assets 2015: $10,325,0482015Assets 2016: $11,834,508Liabilities 2016: $2,362,945Net Assets 2016: $9,471,5632016Assets 2017: $15,684,266Liabilities 2017: $1,329,458Net Assets 2017: $14,354,8082017Assets 2017: $11,714,355Liabilities 2017: $1,264,785Net Assets 2017: $10,449,5702017Assets 2018: $11,456,685Liabilities 2018: $1,493,048Net Assets 2018: $9,963,6372018Assets 2019: $12,297,492Liabilities 2019: $1,569,014Net Assets 2019: $10,728,4782019Assets 2020: $15,684,831Liabilities 2020: $3,129,116Net Assets 2020: $12,555,7152020Assets 2021: $19,980,612Liabilities 2021: $3,199,671Net Assets 2021: $16,780,9412021Assets 2022: $20,157,614Liabilities 2022: $3,736,668Net Assets 2022: $16,420,9462022Assets 2023: $20,800,493Liabilities 2023: $5,170,882Net Assets 2023: $15,629,6112023Assets 2024: $18,422,202Liabilities 2024: $4,766,930Net Assets 2024: $13,655,2722024

Highlighted filing

2017

Assets$11,714,355
Liabilities$1,264,785
Net Assets$10,449,570
Open 2017 Filing

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2011: $1,645,163Expenses 2011: $1,670,946Net Income 2011: -$25,7832011Revenue 2012: $4,712,797Expenses 2012: $2,067,147Net Income 2012: $2,645,6502012Revenue 2013: $1,757,042Expenses 2013: $2,069,104Net Income 2013: -$312,0622013Revenue 2014: $3,858,193Expenses 2014: $2,224,062Net Income 2014: $1,634,1312014Revenue 2015: $1,715,953Expenses 2015: $2,011,748Net Income 2015: -$295,7952015Revenue 2016: $1,778,463Expenses 2016: $2,631,948Net Income 2016: -$853,4852016Revenue 2017: $8,027,250Expenses 2017: $3,144,005Net Income 2017: $4,883,2452017Revenue 2017: $3,810,240Expenses 2017: $2,833,433Net Income 2017: $976,8072017Revenue 2018: $2,037,334Expenses 2018: $2,523,267Net Income 2018: -$485,9332018Revenue 2019: $3,253,766Expenses 2019: $2,729,626Net Income 2019: $524,1402019Revenue 2020: $3,620,643Expenses 2020: $2,322,368Net Income 2020: $1,298,2752020Revenue 2021: $6,854,030Expenses 2021: $6,027,862Net Income 2021: $826,1682021Revenue 2022: $6,522,503Expenses 2022: $7,486,425Net Income 2022: -$963,9222022Revenue 2023: $6,050,246Expenses 2023: $6,841,582Net Income 2023: -$791,3362023Revenue 2024: $4,501,590Expenses 2024: $5,178,588Net Income 2024: -$676,9982024

Highlighted filing

2017

Revenue$3,810,240
Expenses$2,833,433
Net Income$976,807
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Jan 30, 2019
Return Version
2016v3.0
Gross Receipts
$3,810,240
Mission and Program Overview

Mission

To stimulate economic growth, support the expansion of small businesses, combat community deterioration and foster employment opportunities for low-moderate income citizens by providing flexible small business loans & office space at reasonable rents to businesses.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$5,684,104$5,098,353▼ $585,751
Land, Buildings, and Equipment, Net$2,621,327$3,177,876▲ $556,549
Cash and Non-Interest-Bearing Accounts$2,969,364$2,794,660▼ $174,704
Accounts Receivable$82,205$73,830▼ $8,375
Savings and Temporary Cash Investments$51,021$26,316▼ $24,705
Total Assets$11,828,708$11,714,355▼ $114,353
Other Assets Total$420,687$543,320▲ $122,633
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,137,574$793,122▼ $1,344,452
Accounts Payable and Accrued Expenses$106,467$333,346▲ $226,879
Other Liabilities$87,294$103,203▲ $15,909
Deferred Revenue$24,610$35,114▲ $10,504
Total Liabilities$2,355,945$1,264,785▼ $1,091,160
Net Assets / Fund Balance
Unrestricted Net Assets$8,820,189$10,449,570▲ $1,629,381
Temporarily Rstr Net Assets$652,574--
Total Net Assets Fund Balance$9,472,763$10,449,570▲ $976,807
Total Liabilities and Net Assets / Fund Balance$11,828,708$11,714,355▼ $114,353

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,390,782$7,830,920$10,221,702
Land$692,300-$692,300
Equipment$94,794$274,366$369,160
Other Assets Org$543,320--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Marlon MitchellPresident & CEOFT$163,674$163,674

Board Members and Trustees

NameTitle
Larry HawkinsChairman
Phillip AitsebaomoVice Chairman
Algenita Scott DavisDirector
Benny RodriguezDirector
Clark LordDirector
George JohnsonDirector
Ken BoltonDirector
Nasr KhanDirector
Pearl WrightDirector
Richard ChappellDirector
Helen ConteSecretary
Ziwadi BryantTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Elias Commercial Roof SystemsRoofing Work448 W 19th Street Suite 152, Houston, TX 77088$351,500
K2K Investments LLCConstruction5330 Griggs Road, Houston, TX 77021$227,654
Risma IncConstruction13602 Cottage Arbor, Sugar Land, TX 77498$212,465
State Security ServicesSecurity ServicesP O Box 772496, Houston, TX 77215$122,976
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,830,801
Investment Income
$0
Other Revenue
$1,979,439
Change in Net Assets
$976,807

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,810,240
Total Revenue per Audited Statements
$3,810,240
Total Revenue per Form 990
$3,810,240
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,765,019
Salaries, Compensation, and Employee Benefits$1,068,414
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$490,874$40,230-$531,104
Fees for Services Other$343,154$39,011-$382,165
Occupancy$338,212$30,756-$368,968
All Other Expenses$331,694$3,898-$335,592
Depreciation Depletion$260,511--$260,511
Other Employee Benefits$251,453$7,126-$258,579
Current Officers, Directors, Trustees, and Key Employees$184,281--$184,281
Insurance$103,323--$103,323
Payroll Taxes$56,522$3,805-$60,327
Interest$43,451--$43,451
Pension Plan Contributions$31,716$2,407-$34,123
Other Expenses$26,764$249-$27,013
Advertising$23,669$1,522-$25,191
Travel$1,466$654-$2,120
Total Functional Expenses$2,699,381$134,052$0$2,833,433

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,833,433
Total Expenses per Audited Statements$2,833,433
Total Expenses per Form 990$2,833,433
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable deposits$68,487
Cash held for others$34,716
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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 governing body review Part VI line 11

“The organizations Form 990 will be provided to the Audit Committee through an intranet secured site for review and comments before it is filed with the IRS.”

Conflict of interest policy compliance Part VI line 12C

“Board members are required to complete a conflict of interest questionnaire annually to disclose real or potential conflicts with parties having relationships with the organinzation.”

CEO executive director top management comp Part VI line 15A

“The Executive Committee of the Board determines the CEOs compesation using comparable data from other similar organizations as a guide.”

Governing documents etc available to public Part VI line 19

“The organization makes its Form 990 and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Houston Business Development Inc
EIN
76-0216784
Address
5330 Griggs Road, Houston, TX 77021

Signing Officer

Name
Marlon Mitchell
Title
President
Phone
7138452148
Signed
2019-01-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marlon Mitchell
Formed
1986
Legal Domicile
TX
Voting Board Members
12
Independent Board Members
12
Employees
12
Volunteers
12

Preparer

Firm
Bankole Okoye & Associates PC
Address
11511 Katy Freeway Suite 501, Houston, TX 77079
Preparer
Abiodun Bankole
Phone
2817417900
Supplemental Narrative

Additional Explanations

Amended return information

“The original return was completed and filed with unaudited financial information. Thereturn is being amended because the audited financial statements are now available.”

List of other fees for services expenses Part IX line 11G

“Contract services $79,324Payroll services $16,246Property management $231,398Professional services $55,197”

List of other expenses Part IX line 24E

“Printing and Publication $1,060Postage $1,547Loan loss reserves and bad debt $191,321Bank and other charges $26,931Miscellaneous $114,733”

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IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12President & CEO
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IRS990/PrincipalOfficerNm0Marlon Mitchell
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Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,714,355
Liabilities
$1,264,785
Net assets
$10,449,570
Revenue
$3,810,240
Expenses
$2,833,433
Net income
$976,807
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.4$4.77$13.7$4.50$5.18$0.68
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.8$5.17$15.6$6.05$6.84$0.79
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.2$3.74$16.4$6.52$7.49$0.96
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.0$3.20$16.8$6.85$6.03$0.83
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.7$3.13$12.6$3.62$2.32$1.30
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.3$1.57$10.7$3.25$2.73$0.52
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.5$1.49$9.96$2.04$2.52$0.49
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.7$1.33$14.4$8.03$3.14$4.88
2017Detailed filing. Detailed filing data is available for this year.$11.7$1.26$10.4$3.81$2.83$0.98
2016Detailed filing. Detailed filing data is available for this year.$11.8$2.36$9.47$1.78$2.63$0.85
2015Detailed filing. Detailed filing data is available for this year.$12.6$2.26$10.3$1.72$2.01$0.30
2014Summary only. Only limited summary data is available for this year.$13.0$2.44$10.6$3.86$2.22$1.63
2013Summary only. Only limited summary data is available for this year.$11.4$2.47$8.94$1.76$2.07$0.31
2012Summary only. Only limited summary data is available for this year.$11.8$2.55$9.25$4.71$2.07$2.65
2011Summary only. Only limited summary data is available for this year.$9.50$2.89$6.61$1.65$1.67$0.03