2024-03-12T16:51:47-05:00 2023-09-30 721396621 CARR RIGGS & INGRAM LLC 3125 CENTRAL BLVD BROWNSVILLE TX 78520 990 2022-10-01 741835777 COMMUNITY DEVELOPMENT CORPORATION OF BROWNSVILLE DBA COME DREAM COME BUILD COMM 9565414955 901 E LEVEE BROWNSVILLE TX 78520 NICK MITCHELL BENNETT EXECUTIVE DIRECTOR 9565414955 2024-03-06 1 NICK MITCHELL BENNETT 999009999 0 RAMON LONGORIA P01896046 9565461655 2024-03-06 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z NICK MITCHELL BENNETT 901 E LEVEE BROWNSVILLE TX 78520 22067526 0 X CDCB.ORG X 1975 TX CDCB'S MISSION IS TO ASSIST LOW INCOME RESIDENTS TO IMPROVE THEIR FINANCIAL SECURITY THROUGH FINANCIAL EDUCATION, GED EDUCATION, JOB TRAINING, AND THE PRODUCTION, FINANCE, AND MANAGEMENT OF AFFORDABLE HOUSING. 11 11 104 2 0 0 14253811 8960564 7791036 11629117 503339 810389 12334 -110914 22560520 21289156 9177229 2898934 0 0 3140362 3920567 0 0 0 9879463 14869942 22197054 21689443 363466 -400287 62698216 66208796 41034908 44565775 21663308 21643021 CDCB'S MISSION IS TO ASSIST LOW INCOME RESIDENTS TO IMPROVE THEIR FINANCIAL SECURITY THROUGH FINANCIAL EDUCATION, GED EDUCATION, JOB TRAINING, AND THE PRODUCTION, FINANCE, AND MANAGEMENT OF AFFORDABLE HOUSING. 0 0 19488929 2898934 11518203 TO ASSIST LOW-INCOME FAMILIES IN ATTAINING OR PRESERVING HOME OWNERSHIP OR AFFORDABLE RENTAL HOUSING THROUGH HOUSING COUNSELING, AFFORDABLE RENTS, BELOW MARKET FINANCING, CONSTRUCTION AND USE OF THE HOME DESIGNS AND TARGET OUTREACH. BUILT AND/OR FINANCED 68 SINGLE FAMILY HOMES FOR HOME OWNERSHIP, ASSISTED 455 FAMILIES WITH RENTAL ASSISTANCE, AND DEVELOPED 38 RENTAL UNITS. ASSISTED 803 FAMILIES WITH FIRST TIME HOME OWNERSHIP COUNSELING VISITS, MAKING 155 FAMILIES HOME BUYER READY, CONDUCTED 12 FINANCIAL EDUCATION CLASSES. 792834 THE YOUTHBUILD PROGRAM SEEKS TO LINE JOB TRAINING EDUCATION ENHANCEMENT AND AFFORDABLE HOUSING PRODUCTION BY WORKING WITH DROP-OUT YOUTHS FROM LOW INCOME FAMILIES BETWEEN THE AGES OF 16 AND 24. CDCB YOUTHBUILD PROVIDES A RANGE OF SUPPORT SERVICES, INCLUDING CHILD CARE, ALONG WITH A TRAINING STIPEND. A MAJOR FOCUS IS TO PROVIDE WORK OPPORTUNITIES IN THE PARTICIPANT'S OWN NEIGHBORHOOD.YOUTHBUILD ENROLLED 34 STUDENTS, 26 STUDENTS PASSED THE GED, 30 GAINED THEIR NCCER AND OSHA CERTIFICATE, AND 33 STUDENTS WENT TO WORK OR HIGHER EDUCATION. 32 GAINED NIMS CNC CERTIFICATION & 31 OBTAINED MICROSOFT OFFICE SUITE CERTIFICATIONS. 20281763 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 573 0 1 104 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 1 0 0 1 0 0 0 1 1 1 1 1 1 1 1 1 1 X NICK MITCHELL BENNETT 9565414955 901 E LEVEE BROWNSVILLE TX 78520 DR DAISY ZAMORA BOARD CHAIR 1.00 X X 0 0 0 LYNETTE BENAVIDEZ-VILLARREAL VICE CHAIR 1.00 X X 0 0 0 MAURICIO PINA SECRETARY 1.00 X X 0 0 0 NATHAN BURKHART TREASURER 1.00 X X 0 0 0 OSCAR ZERTUCHE DIRECTOR 1.00 X 0 0 0 JUAN LOYA DIRECTOR 1.00 X 0 0 0 GERARDO MARTINEZ DIRECTOR 1.00 X 0 0 0 EVA GARCIA DIRECTOR 1.00 X 0 0 0 JUDY TELGE DIRECTOR 1.00 X 0 0 0 MICHAEL GONZALEZ DIRECTOR 1.00 X 0 0 0 NICOLE BUCHERI DIRECTOR 1.00 X 0 0 0 CHARLES N MITCHELL BENNETT EXEC. DIRECTOR 50.00 X 147868 0 0 EDNA OCEGUERA DEPUTY DIRECTOR 50.00 X 123259 0 0 271127 0 0 3 0 0 0 H & A RGV CONSTRUCTION CORP 24 PINAR DEL RIO BROWNSVILLE TX 78526 GENERAL CONTRACTOR 4362000 JC FAVELA BUILDER LLC 9965 PUERTA DEL CIELO BROWNSVILLE TX 78520 GENERAL CONTRACTOR 343116 BUILDING COMMUNITY WORKSHOP 1414 BELLEVIEW ST SUITE 150 DALLAS TX 75215 ARCHITECTURAL DESIGN 312627 PEDERSON CONSTRUCTION CO INC 806 W OCEAN BLD LOS FRESNOS TX 78566 GENERAL CONTRACTOR 239303 LOZCON CONSTRUCTION BUSINESS & INVESTMEN 200 S 10TH STREET SUITE 1306 BOX 1 MCALLEN TX 78501 GENERAL CONTRACTOR 183058 5 4606474 4354090 8960564 HOME & LOT SALES 531390 9918366 9918366 OTHER EARNED INCOME 531390 547072 547072 MANAGEMENT FEES 531390 498433 498433 DEVELOPER FEES 531390 412630 412630 NET FEES 531390 252616 252616 11629117 810389 810389 667456 778370 -110914 -110914 -110914 21289156 11518203 0 810389 2898934 2898934 271127 113006 158121 2818221 2351195 467026 206393 171638 34755 400752 333269 67483 224074 186342 37732 31463 25645 5818 155457 110561 44896 1015848 946419 69429 68672 68672 COST OF HOMES & LOT SAL 9536138 9536138 0 CONTRACTUAL 2748082 2618908 129174 OTHER 1263414 949367 314047 EQUIPMENT 50273 39746 10527 595 595 21689443 20281763 1407680 0 6545479 11959723 1987921 1094916 19871670 25919438 948160 579350 2095053 1392527 769661 702526 32575325 25952843 62698216 66208796 649718 992049 5247824 6281129 28248584 28362956 6888782 8929641 41034908 44565775 X 21582089 21560423 81219 82598 21663308 21643021 62698216 66208796 -400287 380000 0 X 0 1 X 1 1 1 X 10211440 8922295 8568417 14253811 8960563 50916526 10211440 8922295 8568417 14253811 8960563 50916526 50916526 27988 39261 21563 8510 38794 136116 51052642 0.99730 0.99850 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 66000 66000 1539732 1006800 532932 489321 385727 103594 702526 HOMES AND PROJECTS IN PROCESS 11627832 INVESTMENT IN RGV MULTI-BANK 200000 INVESTMENT IN JOINT VENTURES 8428335 RENTAL PROPERTIES 5189176 INVESTMENT IN CASITAS AZUCAR 127500 INVESTMENT IN CASITAS LANTANA 380000 25952843 DUE TO NSP2 7206082 ESCROW DEPOSITS 786462 REVOLVING FUND 937097 8929641 X 22067526 778370 778370 21289156 0 21289156 22467813 778370 778370 21689443 0 21689443 PART X, LINE 2: CDCB IS EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC"). THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE CONSOLIDATED FINANCIAL STATEMENTS. CDCB UTILIZES THE ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF SEPTEMBER 30, 2023, AND 2022, CDCB HAS NO UNCERTAIN TAX PROVISIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. CDCB BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2019. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED AGAINST RENTAL INCOME 778,370. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED AGAINST RENTAL INCOME 778,370. 1 PROVIDE DOWNPAYMENT ASSISTANCE 39 770010 FMV REHABILITATION OF SINGLE FAMILY HOMES 8 507844 FMV RENTAL ASSISTANCE DUE TO COVID 455 1649746 FMV PART I, LINE 2: PROCEDURES FOR MONITORING USE OF GRANT FUNDS IN U.S. COMMUNITY DEVELOPMENT CORPORATION OF BROWNSVILLE IS AUDITED ANNUALLY FOR COMPLIANCE WITH THE PROPER USE GRANT FUNDS BY INDEPENDENT AUDITORS AND BY VARIOUS GRANTORS. PART IV - ADDITIONAL SUPPLEMENTAL INFORMATION A RECIPIENT IS A HOUSEHOLD NOT AN INDIVIDUAL PERSON 6 OUT OF THE 8 RECIPENTS OF REHABILITATION OF SINGLE FAMILY HOMES WERE REPORTED IN PRIOR YEAR SINCE THE CONSTRUCTION OF THE HOMES HAD STARTED IN PRIOR YEAR. FORM 990, PART VI, SECTION A, LINE 6 CDCB IS CERTIFIED AS A COMMUNITY HOUSING DEVELOPMENT CORPORATION WITH A 13 MEMBER COMMUNITY BOARD AND REQUIRES THAT AT LEAST ONE-THIRD OF BOARD MEMBERSHIP BE COMPRISED OF LOW INCOME RESIDENTS, RESIDENTS OF LOW-INCOME AREAS, OR REPRESENTATIVES OF LOW-INCOME NEIGHBORHOOD ORGANIZATIONS. FORM 990, PART VI, SECTION A, LINE 8B MINUTES ARE TAKEN OF ALL BOARD MEETINGS AND APPROVED BY THE BOARD AT THE SUBSEQUENT MEETING. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PROVIDED TO EACH BOARD MEMBER. THE FORM 990 IS ALSO APPROVED AT A BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS MONITORED BY THE INDEPENDENT AUDITORS AS PART OF THE AUDIT PROCESS AND PERIODICALLY BY VARIOUS GRANTORS. EACH BOARD MEMBER ANNUALLY CONFIRMS THAT THEY DO NOT HAVE ANY CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS APPROVES THE HIRING OF THE EXECUTIVE DIRECTOR AND THE AMOUNT OF ANNUAL COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 PROVIDED UPON REQUEST. 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