Civic Intelligence

Houston Business Development Inc.

990 • Fiscal year 2018 • EIN 76-0216784

Jul 01, 2017 to Jun 30, 2018 • Filed on May 15, 2019

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

(713) 845-2418

Siviq Scores

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

Liabilities / Assets

41st percentile

0.13x

Higher debt load relative to assets than 41% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

74th percentile

0.73x

Higher debt load relative to revenue than 74% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

9th percentile

-24%

Higher net margin than 9% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

54th percentile

$188,180

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 9.2% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

2nd percentile

-27%

Faster asset growth than 2% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

2nd percentile

-75%

Faster revenue growth than 2% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets41st percentile

Assets

Down

$11,456,685

Down $4,227,581 (-27%) from 2017

Net Assets

Down

$9,963,637

Down $4,391,171 (-31%) from 2017

Liabilities

Up

$1,493,048

Up $163,590 (+12%) from 2017

Revenue And Expenses
Liabilities / Revenue74th percentileNet Margin9th percentile

Revenue

Down

$2,037,334

Down $5,989,916 (-75%) from 2017

Expenses

Down

$2,523,267

Down $620,738 (-20%) from 2017

Net Income

Down

-$485,933

Down $5,369,178 (-110%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

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 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

2018

Assets$11,456,685
Liabilities$1,493,048
Net Assets$9,963,637
Open 2018 Filing

Operations Trend

Revenue Growth2nd percentile

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 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

2018

Revenue$2,037,334
Expenses$2,523,267
Net Income-$485,933
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 15, 2019
Return Version
2017v2.2
Gross Receipts
$2,037,334
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$5,098,353$4,970,157▼ $128,196
Land, Buildings, and Equipment, Net$3,177,876$3,403,936▲ $226,060
Cash and Non-Interest-Bearing Accounts$2,794,660$1,632,752▼ $1,161,908
Accounts Receivable$73,830--
Prepaid Expenses and Deferred Charges-$65,541-
Savings and Temporary Cash Investments$26,316$26,316→ $0
Total Assets$11,714,355$11,456,685▼ $257,670
Other Assets Total$543,320$1,357,983▲ $814,663
Liabilities
Mortgage Notes Payable Secured by Investment Property$793,122$1,153,096▲ $359,974
Other Liabilities$103,203$179,746▲ $76,543
Accounts Payable and Accrued Expenses$333,346$147,709▼ $185,637
Deferred Revenue$35,114$12,497▼ $22,617
Total Liabilities$1,264,785$1,493,048▲ $228,263
Net Assets / Fund Balance
Unrestricted Net Assets$10,449,570$9,963,637▼ $485,933
Total Net Assets Fund Balance$10,449,570$9,963,637▼ $485,933
Total Liabilities and Net Assets / Fund Balance$11,714,355$11,456,685▼ $257,670

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,640,445$8,127,513$10,767,958
Land$692,300-$692,300
Equipment$71,191$293,733$364,924
Other Assets Org$1,357,983--
Compensation and Service Providers
Top Officer Pay54th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Marlon MitchellPresident & CEOFT$188,180$188,180

Board Members and Trustees

NameTitle
Larry HawkinsChairman
Phillip AitsebaomoVice Chairman
Algenita Scott DavisDirector
Carlos SandovalDirector
Clark LordDirector
George JohnsonDirector
Ken BoltonDirector
Mike KacalDirector
Nasr KhanDirector
Pearl WrightDirector
Raymond BourgeoisDirector
Richard ChappellDirector
Benny RodriguezSecretary
Ziwadi BryantTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
K2K Investments LLCConstruction5330 Griggs Road, Houston, TX 77021$348,356
Elias Commercial Roof SystemsRoofing Work448 W 19th Street Suite 152, Houston, TX 77088$126,400
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,795,284
Investment Income
$0
Other Revenue
$242,050
Change in Net Assets
$-485,933
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,264,074
Salaries, Compensation, and Employee Benefits$1,259,193
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$718,640$4,063-$722,703
Occupancy$339,964$7,406-$347,370
Depreciation Depletion$320,797--$320,797
Other Employee Benefits$260,074$20-$260,094
Current Officers, Directors, Trustees, and Key Employees$188,180--$188,180
All Other Expenses$139,873$44,825-$184,698
Fees for Services Other$79,415$7,890-$87,305
Payroll Taxes$70,447$369-$70,816
Interest$45,746$19,603-$65,349
Insurance$34,718$26,833-$61,551
Other Expenses$20,648$172-$20,820
Pension Plan Contributions$17,400--$17,400
Advertising$12,168--$12,168
Travel$656$423-$1,079
Total Functional Expenses$2,411,663$111,604$0$2,523,267
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
Other payable$97,670
Refundable deposits$74,237
Cash held for others$7,839
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
2019-05-15
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
14

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 $375Postage $855Loan loss reserves and bad debt $75,519Bank and other charges $30,286Miscellaneous $76,663”

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IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14President & CEO
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IRS990/LegalDomicileStateCd0TX
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IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0To 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.
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/OccupancyGrp/ManagementAndGeneralAmt07406
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IRS990/OccupancyGrp/TotalAmt0347370
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt020
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt0260094
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IRS990/OtherExpensesGrp/Desc1Equipment lease & repairs
IRS990/OtherExpensesGrp/Desc2Telephone & Other communicat
IRS990/OtherExpensesGrp/Desc3Supplies
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0172
IRS990/OtherExpensesGrp/ProgramServicesAmt0130816
IRS990/OtherExpensesGrp/ProgramServicesAmt127477
IRS990/OtherExpensesGrp/ProgramServicesAmt24644
IRS990/OtherExpensesGrp/ProgramServicesAmt320648
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IRS990/OtherExpensesGrp/TotalAmt127477
IRS990/OtherExpensesGrp/TotalAmt24644
IRS990/OtherExpensesGrp/TotalAmt320820
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IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt149272
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt228995
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0163783
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt149272
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt228995
IRS990/OtherRevenueTotalAmt0242050
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt04063
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IRS990/OthNotesLoansReceivableNetGrp/BOYAmt05098353
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt04970157
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0369
IRS990/PayrollTaxesGrp/ProgramServicesAmt070447
IRS990/PayrollTaxesGrp/TotalAmt070816
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt017400
IRS990/PensionPlanContributionsGrp/TotalAmt017400
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt065541
IRS990/PrincipalOfficerNm0Marlon Mitchell
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
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IRS990/ProgramServiceRevenueGrp/Desc1Lending & related servi
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1376725
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt01765019
IRS990/PYOtherRevenueAmt01979439
IRS990/PYProgramServiceRevenueAmt01830801
IRS990/PYRevenuesLessExpensesAmt0976807
IRS990/PYSalariesCompEmpBnftPaidAmt01068414
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-485933
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt026316
IRS990/SavingsAndTempCashInvstGrp/EOYAmt026316
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01715953
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt013162148
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02640445
IRS990ScheduleD/BuildingsGrp/DepreciationAmt08127513
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt010767958
IRS990ScheduleD/EquipmentGrp/BookValueAmt071191
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0293733
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0364924
IRS990ScheduleD/LandGrp/BookValueAmt0692300
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0692300
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01357983
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Property held for sale
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt074237
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt17839
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt297670
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Refundable deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Cash held for others
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Other payable
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,456,685
Liabilities
$1,493,048
Net assets
$9,963,637
Revenue
$2,037,334
Expenses
$2,523,267
Net income
-$485,933
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
2018Detailed filing. Detailed filing data is available for this year.$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
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