2026-03-11T09:15:31-05:00 2025-09-30 994625061 CRI ADVISORS LLC 3125 CENTRAL BLVD BROWNSVILLE TX 78520 990 2024-10-01 741835777 COMMUNITY DEVELOPMENT CORPORATION OF BROWNSVILLE DBA COME DREAM COME BUILD COMM 9565414955 901 E LEVEE BROWNSVILLE TX 78520 NICK MITCHELL BENNETT CHIEF EXECUTIVE OFFICER 9565414955 2026-03-04 1 0 RAMON LONGORIA P01896046 9565461655 2026-03-04 2024 2025-03-06 01:10:19Z NICK MITCHELL BENNETT 901 E LEVEE BROWNSVILLE TX 78520 18846492 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. 12 12 146 26 0 0 10362889 8911349 6942673 6779707 1492138 1894511 -263 35899 18797437 17621466 1146577 1538909 0 0 4585099 5163648 0 0 0 10534518 7872406 16266194 14574963 2531243 3046503 74526617 97936432 50352353 70715665 24174264 27220767 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 11639661 1538909 6815606 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 32 SINGLE FAMILY HOMES FOR HOME OWNERSHIP, ASSISTED 137 FAMILIES WITH RENTAL ASSISTANCE, AND DEVELOPED 40 PERMANENT SUPPORTIVE HOUSING UNITS. ASSISTED 747 FAMILIES WITH FIRST TIME HOME OWNERSHIP COUNSELING VISITS, MAKING 181 FAMILIES HOME BUYER READY, CONDUCTED 41 FINANCIAL EDUCATION CLASSES. 1010980 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 35 STUDENTS, 34 STUDENTS PASSED THE GED, 35 GAINED THEIR NCCER AND OSHA CERTIFICATE, AND 27 STUDENTS WENT TO WORK OR HIGHER EDUCATION. 26 GAINED NIMS CNC CERTIFICATION & 32 OBTAINED NCCER WELDING CERTIFICATIONS. 12650641 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 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 202 0 1 146 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 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 MAURICIO PINA VICE CHAIRMAN 1.00 X X 0 0 0 NATHAN BURKHART CHAIRMAN 1.00 X X 0 0 0 MICHAEL GONZALEZ SECRETARY 1.00 X X 0 0 0 EVA GARCIA 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 JUDY TELGE DIRECTOR 1.00 X 0 0 0 NICOLE BUCHERI DIRECTOR 1.00 X 0 0 0 APRIL FLORES DIRECTOR 1.00 X 0 0 0 HUNTER LOHSE DIRECTOR 1.00 X 0 0 0 HALLEY STAPLETON DIRECTOR 1.00 X 0 0 0 CHARLES N MITCHELL BENNETT CHIEF EXECUTIVE OFFICER 50.00 X 195884 0 0 EDNA OCEGUERA DEPUTY DIRECTOR 50.00 X 148131 0 0 344015 0 0 4 0 1 0 NOBLE TEXAS BUILDERS 108 S MAIN ST LA FERIA TX 78559 GENERAL CONTRACTOR 5754429 H & A RGV CONSTRUCTION CORP 24 PINAR DEL RIO BROWNSVILLE TX 78526 GENERAL CONTRACTOR 2319564 JC FAVELA BUILDER LLC 9965 PUERTA DEL CIELO BROWNSVILLE TX 78520 GENERAL CONTRACTOR 929346 BUILDING COMMUNITY WORKSHOP 1414 BELLEVIEW ST SUITE 150 DALLAS TX 75215 ARCHITECTURAL DESIGN 899714 ELITE HOME BUILDERS LLC 5013 INDIAN SHORES DR BROWNSVILLE TX 78526 GENERAL CONTRACTOR 208469 5 4828842 4082507 8911349 HOME & LOT SALES 531390 2125133 2125133 DEVELOPER FEES 531390 1528300 1528300 MANAGEMENT FEES 531390 1433078 1433078 OTHER EARNED INCOME 531390 1398642 1398642 NET FEES 531390 294554 294554 6779707 1894511 1894511 1260925 1225026 35899 35899 35899 17621466 6815606 0 1894511 1538909 1538909 347015 144636 202379 3776658 3088441 688217 247781 203248 44533 457734 375467 82267 334460 274349 60111 44730 32670 12060 165973 119046 46927 1600198 1350003 250195 157153 74286 82867 OTHER 2431527 2083622 347905 COST OF HOMES & LOT SAL 1723003 1723003 0 CONTRACTUAL 1412745 1320984 91761 SUBSIDIARIES DIRECT EXP 311756 311756 0 25321 10221 15100 14574963 12650641 1924322 0 13713574 10996270 496956 572124 31372051 46244182 729314 918820 658413 708750 3204107 1583846 1432803 1620261 26123506 36876025 74526617 97936432 2539862 4536462 5514822 5415174 32302713 34857618 9994956 25906411 50352353 70715665 X 24090918 27137265 83346 83502 24174264 27220767 74526617 97936432 3046503 0 X 0 0 0 X 8568417 14253811 8960563 9725460 8911349 50419600 8568417 14253811 8960563 9725460 8911349 50419600 50419600 21563 8510 38794 497816 606756 1173439 51593039 0.97730 0.98810 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 66000 66000 2523561 1121909 1401652 614546 461937 152609 1620261 HOMES AND PROJECTS IN PROCESS 8250817 INVESTMENT IN RGV MULTI-BANK 200000 INVESTMENT IN JOINT VENTURES 5075653 RENTAL PROPERTIES 7410714 INVESTMENT IN CASITAS AZUCAR 127500 INVESTMENT IN CASITAS LANTANA 380000 INVESTMENT IN CHC LEVERAGE III 6919000 INVESTMEN IN SAMANO 8512341 36876025 DUE TO NSP2 9577433 ESCROW DEPOSITS 1024769 REVOLVING FUND 855504 RGVMB CASA LOAN 13752947 DEFERRED REV - GUARANTY FEE 252073 DEFERRED REV - NSP2 CLOSEOUT 443685 25906411 X 18846492 1225026 1225026 17621466 0 17621466 15799991 1225028 1225028 14574963 0 14574963 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, 2025, AND 2024, 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 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED AGAINST RENTAL INCOME 1,225,026. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED AGAINST RENTAL INCOME 1,225,028. 1 PROVIDE DOWNPAYMENT ASSISTANCE 62 920378 FMV REHABILITATION OF SINGLE FAMILY HOMES 14 214054 FMV RENTAL ASSISTANCE DUE TO COVID 137 280788 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. 0 0 0 0 0 0 0 0 0 CHARLES N MITCHELL BENNETT CHIEF EXECUTIVE OFFICER 195884 0 0 0 0 0 0 0 0 0 195884 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 CDCB IS CERTIFIED AS A COMMUNITY HOUSING DEVELOPMENT CORPORATION WITH A 12 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. RGV CASITAS INC 901 E LEVEE BROWNSVILLE TX 78520 455156449 AFFORDABLE HOUSING TX 0 3727 COMMUNITY DEV CORP OF ROWNSVILLE EVERY STEP COUNTS 901 E LEVEE BROWNSVILLE TX 78520 825309806 AFFORDABLE HOUSING TX 1260925 8173161 COMMUNITY DEV CORP OF ROWNSVILLE LOS OLMOS LP 901 E LEVEE BROWNSVILLE TX 78520 472186531 AFFORDABLE HOUSING TX N/A RELATED -309868 93676 0 1 0.00010 CASITAS LANTANA LP 901 E LEVEE BROWNSVILLE TX 78520 843791282 AFFORDABLE HOUSING TX N/A RELATED -42 123876 0 1 0.00010 CASITAS AZUCAR LP 901 E LEVEE BROWNSVILLE TX 78520 831657478 AFFORDABLE HOUSING TX N/A RELATED -3043 68507 0 0 0.00010 CDCBCCHA PALOMA LP 901 E LEVEE BROWNSVILLE TX 78520 275176675 AFFORDABLE HOUSING TX N/A RELATED -26 54506 0 1 0.00010 HPN LEVERAGE II LLC 201 ST CHARLES NEW ORLEANS LA 70170 822343128 AFFORDABLE HOUSING LA N/A RELATED 1547836 4900518 0 0 0.33330 HPN LEVERAGE VII LLC 201 ST CHARLES NEW ORLEANS LA 70170 824528954 AFFORDABLE HOUSING LA N/A RELATED 50756 5075653 0 0 0.25000 CASITAS AZUCAR GP LLC 901 E LEVEE BROWNSVILLE TX 78520 831681691 AFFORDABLE HOUSING TX N/A C -31 127343 1.00000 0 CASITAS LANTANA GP LLC 901 E LEVEE BROWNSVILLE TX 78520 843803995 AFFORDABLE HOUSING TX N/A C -42 379777 1.00000 0 LOS OLMOS GP LLC 901 E LEVEE BROWNSVILLE TX 78520 383942493 AFFORDABLE HOUSING TX N/A C -309868 -803870 1.00000 0 PALOMA LIVING GP LLC 901 E LEVEE BROWNSVILLE TX 78520 275176458 AFFORDABLE HOUSING TX N/A C -26 -436 1.00000 0 RIO GRANDE VALLEY MULTIBANK CO 642 E WASHINGTON BROWNSVILLE TX 78520 742744525 LENDING TX N/A C 23476 1186115 0.04750 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 CASITAS AZUCAR GP LLC D 1641819 FMV CASITAS LANTANA GP LLC M 377834 FMV CASITAS LANTANA GP LLC D 2175308 FMV HPN LEVERAGE II LLC M 1547836 FMV HPN LEVERAGE VII LLC M 50756 FMV LOS OLMOS GP LLC D 2678045 FMV PALOMA LIVING GP LLC D 598932 FMV RIO GRANDE VALLEY MULTIBANK CORPORATION M 681039 FMV