2024-07-10T16:32:02-05:00 2023-08-31 721396621 CARR RIGGS & INGRAM LLC TWO RIVERWAY 15TH FLOOR HOUSTON TX 77056 990 2022-09-01 760366183 SER COMMUNITY DEVELOPMENT CORPORATION SERC 7137736000 1710 TELEPHONE ROAD HOUSTON TX 77023 SHEROO MUKHTIAR EXECUTIVE DIRECTOR/CEO 7137736000 2024-07-10 1 SHEROO MUKHTIAR 999009999 1 KRISTEN SIMPSON P01268482 7136218090 2024-07-03 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z SHEROO MUKHTIAR 1710 TELEPHONE ROAD HOUSTON TX 77023 1991916 0 X HTTPS://SERJOBS.ORG/ X 2016 TX SER CDC IS ORGANIZED AND AT ALL TIMES SHALL BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND/OR TO CARRY OUT THE PURPOSES OF SER-JOBS FOR PROGRESS OF THE TEXAS GULF COAST, INC. 7 7 0 0 0 0 0 0 0 0 2699746 138044 454722 10 3154468 138054 0 0 0 0 0 0 0 0 0 160806 65325 160806 65325 2993662 72729 4202790 4315373 31400 36184 4171390 4279189 X SER CDC IS ORGANIZED AND AT ALL TIMES SHALL BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND/OR TO CARRY OUT THE PURPOSES OF SER-JOBS FOR PROGRESS OF THE TEXAS GULF COAST, INC. 0 1 59606 TO SUPPORT THE MISSION OF SER JOBS THROUGH THE CREATION OF INCOME FROM INVESTMENTS, INCLUDING IN ENTREPRENEURIAL VENTURES. 59606 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 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 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X X THE ORGANIZATION 7137736000 1710 TELEPHONE ROAD HOUSTON TX 77023 STEVE ROSENCRANZ CHAIRMAN 2.00 X X 0 0 0 SHEROO MUKHTIAR CHIEF EXECUTIVE OFFICER 2.00 40.00 X X 0 204609 12671 HERLINDA S GARCIA DIRECTOR 2.00 X 0 0 0 MICHEAL PALMER DIRECTOR 2.00 X 0 0 0 ESTELLA GONZALEZ DIRECTOR 2.00 X 0 0 0 JAMES EBREY DIRECTOR 2.00 X 0 0 0 PATRICK EZZELL DIRECTOR 2.00 X 0 0 0 0 204609 12671 0 0 1 0 0 120229 120229 1481677 390000 1467052 386810 14625 3190 17815 17815 MISCELLANEOUS INCOME 900099 10 10 10 138054 0 0 138054 35947 35947 18100 18100 30 30 333 333 4546 4546 238 238 5349 5349 BOARD EXPENSES 442 442 BANK SERVICE CHARGES 340 340 65325 59606 5719 0 3463995 252819 0 1158613 349481 0 2504 0 386810 0 2081911 0 822030 4202790 4315373 31400 36184 31400 36184 X 4171390 4279189 4171390 4279189 4202790 4315373 72729 35070 0 X 0 1 X 1 0 X X X 1 SER-JOBS FOR PROGRESS OF THE TEXAS GULF COAST INC 741590387 7 1 51863 386810 1 51863 386810 0.36260 0.63730 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 SCHEDULE A, PART I, LINE 12 IN AUGUST 2023 SER CDC FILED AND WAS APPROVED A REQUEST FOR RECOGNITION OF A RECLASSIFICATION OF ITS PUBLIC CHARITY STATUS FROM A SECTION509(A)(2) PUBLIC CHARITY TO A TYPE I SUPPORTING ORGANIZATION WITHIN THE MEANING OF SECTION 509(A)(3)(B)(I) OF THE CODE, EFFECTIVE AS OF AUGUST 10, 2023. SER JOBS IS THE SOLE MEMBER OF SER CDC. SCHEDULE A, PART IV, LINE 5A DURING THE TAX PERIOD, SER COMMUNITY DEVELOPMENT CORPORATION RECLASSIFIED THEIR STATUS TO BE 509(A)(3) TYPE 1 SUPPORT ORGANIZATION. THIS WAS ACCEPTED BY THE IRS. WITH THIS RECLASSIFICATION SER CDC SUPPORTS SER-JOBS FOR PROGRESS OF THE TEXAS GULF COAST, INC [EIN: 74-1590387]. THE CERTIFICATE OF FORMATION AND BYLAWS WERE ALSO AMENDED TO REFLECT THE CHANGE. 0 DUE FROM AFFILIATE 822030 822030 X 8775938 35070 8663246 8698316 77622 30 60402 60432 138054 9758475 9698529 9698529 59946 30 5349 5379 65325 PART X, LINE 2: SER-JOBS, SER QALICB AND SER CDC ARE EXEMPT FROM FEDERAL INCOME TAX UNDER 510(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED INSECTION 501(C)(3) AND COMPARABLE STATE LAW. THEREFORE, NO PROVISION FOR FEDERAL INCOME TAX HAS BEEN MADE IN THESE FINANCIAL STATEMENTS. SER 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 TAX AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF AUGUST 31, 2023 AND 2022, SER HAS NO UNCERTAIN TAX PROVISIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SER-JOBS INCOME 8,663,246. PART XI, LINE 4B - OTHER ADJUSTMENTS: INTEREST INCOME FROM SER-JOBS 55,053. INTEREST EXPENSE FROM INVESTMENTS 5,349. PART XII, LINE 2D - OTHER ADJUSTMENTS: SER-JOBS EXPENSES 9,205,221. SER-QALICB EXPENSES 493,308. PART XII, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSE FROM INVESTMENTS 5,349. 0 0 0 0 0 0 0 0 0 SHEROO MUKHTIAR CHIEF EXECUTIVE OFFICER 0 204609 0 0 0 0 0 0 0 12671 0 217280 0 0 FORM 990, PART III, LINE 3 SER CDC CEASED MANAGING PROPERTIES. FORM 990, PART VI, SECTION A, LINE 4 AN AMENDMENT TO CERTIFICATE OF FORMATION WAS MADE AUGUST 10, 2023. FORM 8940 WAS FILED WITH THE IRS RECLASSIFYING THEIR STATUS AND UPDATING THEIR CLASSIFICATION TO BE A SECTION 509(A)(3), A SUPPORTING ORGANIZATION. THE BYLAWS WERE ADJUSTED TO SUPPORT THIS CHANGE IN STRUCTURE. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A SER JOBS BOARD APPOINTS A MAJORITY OF THE MEMBERS OF THE GOVERNING BODY OF SER COMMUNITY DEVELOPMENT CORPORATION. FORM 990, PART VI, SECTION A, LINE 7B CHANGE IN THE BYLAWAS REQUIRED SER JOBS APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B BOARD MEMBERS ARE PROVIDED A COPY OF THE FORM 990 AND HAVE AN OPPORTUNITY TO ASK QUESTIONS. FORM 990, PART VI, SECTION B, LINE 12C QUESTIONNAIRE IS PROVIDED ANNUALLY TO ALL BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS AND OTHER DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. SER-JOBS FOR PROGRESS OF THE TEXAS GULF COAST INC 1710 TELEPHONE RD HOUSTON TX 77023 741590387 TRAINING & SUPPORT TX 501(C)(3) LINE 7 0 SER QALICB 1710 TELEPHONE RD HOUSTON TX 77023 821289703 NEW MARKETS TAX CREDITS TX 501(C)(3) LINE 12C, III-FI 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 SER-JOBS FOR PROGRESS OF THE TEXAS GULF COAST INC G 386810 ORIGINAL COST BASIS SER-JOBS FOR PROGRESS OF THE TEXAS GULF COAST INC E 822030 COST BASIS SER-JOBS FOR PROGRESS OF THE TEXAS GULF COAST INC A 51863 COST BASIS