2025-07-15T17:08:21-05:00 2024-08-31 261483953 SBNG PC 221 N KANSAS SUITE 1300 EL PASO TX 79901 990 2023-09-01 742796160 EL PASO COLLABORATIVE FOR COMMUNITY & ECONOMIC DEVELOPMENT ELPA 9154651191 3607 RIVERA AVENUE EL PASO TX 79905 TIMOTHY DAVENPORT-HERBST CHIEF EXECUTIVE OFFICER 9155901210 2025-07-15 1 1 TELLO CABRERA P01550316 9155446770 2025-07-15 2023 2025-03-06 01:10:19Z TIMOTHY DAVENPORT-HERBST 3607 RIVERA AVENUE EL PASO TX 79905 259280 0 X WWW.EP-COLLAB.ORG X 1996 TX THE MISSION OF THE EL PASO COLLABORATIVE IS TO FACILITATE AFFORDABLE HOUSING AND SMALL BUSINESS AND ECONOMIC DEVELOPMENT IN EL PASO AND CONTIGUOUS COUNTIES. THE COLLABORATIVE IMPLEMENTS ITS MISSION BY PROVIDING LOAN PRODUCTS AND DEVELOPMENT SERVICES. X 5 5 0 0 0 0 202876 157261 167527 52828 10048 14223 20130 34968 400581 259280 0 0 0 0 153676 122740 0 0 0 515818 132508 669494 255248 -268913 4032 4686838 1043638 706162 636709 3980676 406929 X THE MISSION OF THE EL PASO COLLABORATIVE IS TO FACILITATE AFFORDABLE HOUSING AND SMALL BUSINESS AND ECONOMIC DEVELOPMENT IN EL PASO AND CONTIGUOUS COUNTIES. THE COLLABORATIVE IMPLEMENTS ITS MISSION BY PROVIDING LOAN PRODUCTS AND DEVELOPMENT SERVICES. 0 1 97937 102019 REVOLVING LOAN PROGRAMEPC IS A U.S. TREASURY CERTIFIED COMMUNITY LENDER. THE ORGANIZATION ADMINISTERS LOANS TO SMALL BUSINESSES AND POTENTIAL HOMEBUYERS IN UNDERSERVED COMMUNITIES IN THE EL PASO, TX AREA TO FACILITATE ECONOMIC DEVELOPMENT. 49653 AFFORDABLE RENTAL PROGRAM SIXTEEN OF THE ORGANIZATION'S RENTAL HOMES TRANSFERRED ARE PART OF THE NEIGHBORHOOD STABILIZATION PROGRAM-2 ("NSP-2"), WHICH IS A FEDERAL PROGRAM ADMINISTERED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD"). THE HOUSES ARE SUBJECT TO COVENANTS IN FAVOR OF HUD, WHICH REQUIRE THE HOMES TO BE OFFERED FOR RENT TO LOW, MODERATE-AND MEDIAN-INCOME FAMILIES AT RENTAL RATES NOT TO EXCEED THE HIGH-HOME RENT LIMITS PUBLISHED BY HUD. DURING THE FISCAL YEAR 2024, EPC TRANSFERRED THE OWNERSHIP INTEREST OF ITS RENTAL HOMES TO PROJECT VIDA, AN AFFILIATED EXEMPT ORGANIZATION. EPC CONTINUES TO ADMINISTER THE PROGRAM. 147590 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 1 0 0 X TIMOTHY DAVENPORT-HERBST 9155337057 3607 RIVERA AVENUE EL PASO TX 79905 LEE BORUNDANT SECRETARY 3.00 X X 0 0 0 RON MUNDEN VICE CHAIR 1.00 X X 0 0 0 NEAL LOCKE CHAIR 3.00 X X 0 0 0 ARMANDO AVILA SENIOR VICE PRESIENT 1.00 X X 0 0 0 PERLA MICHEL BOARD MEMBER, TREASURER 1.00 X X 0 0 0 WILLIAM SCHLESINGER EXECUTIVE DIRECTOR (FORMER) 2.00 38.00 X 0 58011 0 TIM DAVENPORT-HERBST CHIEF EXECUTIVE OFFICER 8.00 32.00 X 0 15607 0 CAROL SCHLESINGER EXECUTIVE DIRECTOR (FORMER) 2.00 38.00 X 0 31950 0 0 105568 0 0 0 0 0 0 79412 77849 157261 RENT INCOME 561000 52828 52828 52828 14223 14223 OTHER INCOME 561000 25579 25579 PROGRAM FEES 561000 9389 9389 34968 259280 102019 0 0 104110 70274 33836 10486 7078 3408 8144 5497 2647 20990 13474 7516 51715 2788 48927 752 752 780 780 158 158 9637 9637 22500 22500 11888 11888 RENTAL PROPERTY MAINTEN 7201 7201 NSP LOAN FORGIVENESS 3635 3635 CREDIT LOSS EXPENSE 1539 1539 MISCELLANEOUS EXPENSE 964 964 749 594 155 255248 147590 107658 0 445123 377975 5718 4191 1486 1301 2394622 639451 5654 5654 0 0 1834235 0 0 15066 4686838 1043638 25148 434 157124 129275 7884 7000 500000 500000 16006 0 706162 636709 X 564906 111376 3415770 295553 3980676 406929 4686838 1043638 X 4032 -3577779 X X 0 1 X 1 0 X 192876 77849 270725 192876 77849 270725 270725 10723 16499 9320 10048 14223 60813 6261 15884 27863 24042 25579 99629 431167 708028 0.62790 0.70940 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 7884 7612 8496 7000 1 X 0 0 0 0 0 0 255248 0 255248 0 255248 PART IV, LINE 2B: EL PASO COLLABORATIVE FOR COMMUNITY & ECONOMIC DEVELOPMENT MAINTAINS AN ESCROW ACCOUNT FOR MORTGAGE RECEIVABLES FROM WHICH IT PAYS PROPERTY TAXES AND INSURANCE AS THEY BECOME DUE. THE AMOUNT COLLECTED FOR ESCROW IS INCLUDED IN THE BORROWER'S REGULAR MONTHLY REPORT. PROJECT VIDA BOARD MEMBERSHIP PARTIALLY OVERLAPPING 20990 PROJECT VIDA PROVIDES ADMINISTRATIVE SERVICES AND SERVES AS THE FISCAL AGENT FOR SEVERAL FUNCTIONS THAT OVERLAP WITH EPC. PROJECT VIDA CHARGES FEES FOR ADMINISTRATIVE SERVICES PROVIDED TO EPC ON A MONTHLY BASIS. THE ORGANIZATION INCURRED ADMINISTRATIVE FEES OF $20,990 FOR THE YEAR ENDED AUGUST 31, 2024. 0 PROJECT VIDA BOARD MEMBERSHIP PARTIALLY OVERLAPPING 291587 THE ORGANIZATION HAS TWO FORGIVABLE NOTES RECEIVABLE OUTSTANDING IN WHICH PROJECT VIDA IS THE BORROWER. THE TOTAL BALANCE OF FORGIVABLE NOTES RECEIVABLE DUE FROM PROJECT VIDA WAS $291,587 AT AUGUST 31, 2024. 0 PROJECT VIDA BOARD MEMBERSHIP PARTIALLY OVERLAPPING 3577779 EFFECTIVE DECEMBER 1, 2024, EPC TRANSFERRED ASSETS AND LIABILITIES TO PROJECT VIDA FOR A TOTAL NET AMOUNT OF $3,577,779. THE INTENT OF TRANSFERRING SUCH ASSETS IS TO CONSOLIDATE THE NSP PROGRAM IN PROJECT VIDA. 0 PROJECT VIDA BOARD MEMBERSHIP PARTIALLY OVERLAPPING 79412 FROM THE DATE OF THE ASSETS AND LIABILITIES TRANSFER THROUGH AUGUST 31, 2024, NET DONATIONS FROM PROJECT VIDA TO EPC TOTALED $79,412. 0 PROJECT VIDA BOARD MEMBERSHIP PARTIALLY OVERLAPPING 15066 FOR THE YEAR ENDED AUGUST 31, 2024, PROJECT VIDA OWED AN OUTSTANDING BALANCE OF $15,066 TOEPC. THE ENTIRE BALANCE IS EXPECTED TO BE PAID WITHIN THIRTY BUSINESS DAYS. 0 TRANSFER OF ASSETS AND LIABILITIES TO PROJECT VIDA, PARTNER ORGANIZATION 2024-01-01 3577779 BOOK VALUE 742481679 PROJECT VIDA 3607 RIVERA EL PASO TX 79905 SECTION 501(C) 3 0 0 0 0 FORM 990, PART III, LINE 3 SUBSEQUENT TO THE TRANSFER OF ASSETS AND LIABILITIES TO PROJECT VIDA. THEY CONTINUED TO PROVIDE RENTAL INCOME AND DIRECT EXPENSES ASSOCIATED WITH THE AFFORDABLE HOUSING PROGRAM TO EPC. HOUSES REMAIN SUBJECT TO HUD REQUIREMENTS TO BE OFFERED FOR RENT TO LOW, MODERATE-AND MEDIAN-INCOME FAMILIES. PROJECT VIDA INTENDS TO MAINTAIN THIS REQUIREMENT, AND NET RENT PROCEEDS HAVE BEEN DESIGNATED TO SUPPORT EPC. FROM THE DATE OF THE TRANSFER THROUGH AUGUST 31, 2024, NET DONATIONS FROM THE RELATED PARTY TOTALED $79,412. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS ONE MEMBER. THE MEMBER SHALL BE PROJECT VIDA AS SET FORTH IN THE ORGANIZATION'S AMENDED AND RESTATED ARTICLES OF INCORPORATION AND AMENDED BYLAWS. FORM 990, PART VI, SECTION A, LINE 7A PURSUANT TO THE ORGANIZATION'S AFFIRMATION AGREEMENT WITH PROJECT VIDA, THE ORGANIZATION AGREED TO AFFORD AN INITIAL MAJORITY OF THE ORGANIZATION'S BOARD OF DIRECTORS TO PROJECT VIDA. FORM 990, PART VI, SECTION A, LINE 7B THE SOLE MEMBER, PROJECT VIDA, SHALL HAVE THE VOTING AND OTHER RIGHTS SET FORTH IN THE AMENDED BYLAWS OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT OF THE 990 IS PREPARED BY THE SELECTED ACCOUNTING FIRM. AFTER STAFF REVIEW, IT IS SUBMITTED TO THE ORGANIZATION'S EXECUTIVE COMMITTEE (CHAIR, VICE CHAIR, AND SECRETARY/TREASURER) FOR THEIR REVIEW. THE SECRETARY/TREASURER PRESENTS THE DRAFT TO THE FULL BOARD AT ITS REGULARLY SCHEDULED MEETING FOR REVIEW AND APPROVAL PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY THROUGH INQUIRIES OF ITS MEMBERS DURING BOARD AND STAFF MEETINGS. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS ESTABLISHES THE SALARY OF THE EXECUTIVE DIRECTOR UPON HIRING. SALARY ADJUSTMENTS ARE BASED UPON PERFORMANCE AND AVAILABILITY OF FUNDS. THE BOARD EVALUATES THE EXECUTIVE DIRECTOR'S PERFORMANCE ANNUALLY. THE EXECUTIVE DIRECTOR IS RESPONSIBLE FOR ESTABLISHING SALARIES AND ADJUSTMENTS FOR STAFF BASED UPON PERFORMANCE AND AVAILABILITY OF FUNDS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9: TRANSFER OF ASSETS AND LIABILITIES TO PV. EPC MAINTAINS NET RENT PROCEEDS. -3,577,779. FORM 990, PART XII, LINE 2C: THE PROCESS FOR SELECTION AND APPROVAL OF AUDITORS HAS NOT CHANGED FROM PRIOR YEAR. FORM 990, PART XI, LINE 9, CHANGE IN NET ASSETS (CONTINUED) EFFECTIVE DECEMBER 1, 2024, EPC TRANSFERRED ASSETS AND LIABILITIES TO PROJECT VIDA FOR A TOTAL NET AMOUNT OF $3,577,779. THE INTENT OF TRANSFERRING SUCH ASSETS IS TO CONSOLIDATE THE NSP PROGRAM IN PROJECT VIDA. FROM THE DATE OF THE ASSETS AND LIABILITIES TRANSFER THROUGH AUGUST 31, 2024, NET DONATIONS FROM PROJECT VIDA TO EPC TOTALED $79,412. PROJECT VIDA 3607 RIVERA EL PASO TX 79905 742481679 PROVIDES COMMUNITY SERVICE AND DEVELOPMENT TX 501(C)(3) LINE 7 N/A 0 PROJECT VIDA COMMUNITY DEVELOPMENT CORPORATION 3607 RIVERA EL PASO TX 79905 742606469 TO ACQUIRE AND DEVELOP AFFORDABLE HOUSING AND FACILITIES. TX 501(C)(3) LINE 7 N/A 0 PROJECT VIDA HEALTH CENTER 3607 RIVERA EL PASO TX 79905 680541648 TO PROVIDE INTEGRATED PRIMARY CARE AND SOCIAL SERVICES TX 501(C)(3) LINE 7 N/A 0 0 0 1 1 0 0 0 0 0 0 0 0 1 1 1 0 0 1 0 PROJECT VIDA M 20990 COST PROJECT VIDA D 15066 COST PROJECT VIDA D 291587 COST PROJECT VIDA N NO VALUE ASSIGNED PROJECT VIDA O 104110 COST PROJECT VIDA R 3577779 ASSETS AND LIABILITIES TRANSFER PROJECT VIDA C 79412 RENTAL INCOME (NET DONATIONS)