To provide quality services and products to the residents and businesses of our communities in such a way as to maximize the affordability of safe and decent housing, especially for the low income; and to serve as a vehicle and assist in any way possible, through networking and/or forming of partnerships with other non-profits, for-profits, and governmental entities, for the purpose of encouraging community development, economic growth, and general improvement to the standard of living for all the residents of the areas we serve.

501(c)(3) charity; gifts are tax-deductible.
39¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average deficit $182K a year · 156% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
39%
of spending
Concern: 39% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
140 mo
of spending, in cash
Looks good: 140.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.3M
39% of total assets
Looks good: liabilities are 39% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$182K
+39% vs prior year
Spent
$106K
To programs
39%
Net assets
$2.0M
By yearFY2020–FY2025
Revenue
$182K
FY2021▲ +39%
Tap a bar for its year
Revenue by fiscal year
FY2020$131K
FY2021$182K
FY2022$57K
FY2023$104K
FY2024$161K
FY2025$66K
Expenses
$106K
FY2021▲ +48%
Tap a bar for its year
Expenses by fiscal year
FY2020$72K
FY2021$106K
FY2022$92K
FY2023$94K
FY2024$95K
FY2025$1.3M
Net assets
$2.0M
FY2021▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.9M
FY2021$2.0M
FY2022$1.9M
FY2023$2.4M
FY2024$2.4M
FY2025$1.2M

From the FY2021 Form 990 (year ending September 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2008.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

39 cents of each dollar spent went to programs.

Program services 39% · $42K Management & general 61% · $64K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Asst Sec/Treas
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Brazos Valley CDC INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Develops affordable housing and fosters community growth through partnerships.

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Provided by the organization

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2 programs · $42K · in their own filed words · FY2020
01

Community Development

Provides quality services and products to residents and businesses of our communities in such a way as to maximize the affordability of safe and decent housing and encourage community development with special emphasis on the lower income and underserved population.

$39Kprogram expense
02

The community loan center provides small dollar loans to individuals as an alternative to payday lenders and to assist those individuals in improving their credit. For the current fiscal year, no further loans were provided to individuals. The organization continued to maintain the loans made in previous years.

$2Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2020
Total grants receivedfrom 1 funder$50K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$182K
Ln 12
Gifts and grantsLn 1h$96K
Fees for servicesLn 2g$73K
Other incomeLn 4–11$12K
Money outPt IX
$106K
Ln 25
Programscol B$42K
Managementcol C$64K
Owns and owesPt X
$2.0M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$3.2M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$96K
Government grantsLn 1e$37K
Fees for servicesLn 2g$73K
Investment incomeLn 3$542
Other incomeLn 4–11$12K
Total revenueLn 12$182K
Assets in detailPt X, end of year
CashLn 1$1.2M
Cash and savings togetherLn 1–2$1.2M
Other assetsLn 15$112K
Total assetsLn 16$3.2M
LiabilitiesLn 26$1.3M
Net assetsLn 32$2.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 69
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$885K$1.2M
Total assetsLn 16$2.4M$3.2M
LiabilitiesLn 26$525K$1.3M
Net assetsLn 32$1.9M$2.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$56K$2K$54K
Accounting feesLn 11c$9K$9K
Other fees for servicesLn 11g$8K$8K
Office expensesLn 13$1K$2$1K
InterestLn 20$15K$15K
InsuranceLn 23$17K$17K
Total functional expensesLn 25$106K$42K$64K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $66K$1.3M−$1.3M$1.2M 990 PDF
FY2024 $161K$95K$65K$2.4M 990 PDF
FY2023 $104K$94K$10K$2.4M 990 PDF
FY2022 $57K$92K−$35K$1.9M 990 PDF
FY2021 Viewing $182K$106K$75K$2.0M 990 PDF
FY2020 $131K$72K$59K$1.9M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $181,519 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $7,500$96,199
I-9 Program service revenuePrior year $92,957$72,656
I-10 Investment incomePrior year $1,072$542
I-11 Other revenuePrior year $29,151$12,122
I-12 Total revenuePrior year $130,680$181,519
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $71,554$106,108
I-18 Total expensesPrior year $71,554$106,108
I-19 Revenue less expensesPrior year $59,126$75,411
Part VI · Governance 11 of 11 board members independent, 3 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $181,519 across 7 lines filed
VIII-1e Government grants$36,851
VIII-1f All other contributions, gifts and grants$59,348
VIII-1h Total contributions, gifts and grants$96,199
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $72,656$72,656
VIII-3 Investment incomeExcluded from tax $542$542
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $12,122$12,122
VIII-12 Total revenueRelated to mission $72,656 · Unrelated business $0 · Excluded from tax $12,664$181,519
Part IX · Statement of functional expenses $106,108 across 6 lines filed
IX-11a Management feesPrograms $2,000 · Management $54,351$56,351
IX-11c Accounting feesManagement $8,846$8,846
IX-11g Other fees for servicesPrograms $7,724$7,724
IX-13 Office expensesPrograms $2 · Management $1,250$1,252
IX-20 InterestPrograms $14,717$14,717
IX-23 InsurancePrograms $17,218$17,218
IX-25 Total functional expensesPrograms $41,661 · Management $64,447 · Fundraising $0$106,108
Part X · Balance sheet $3,233,616 assets, 9 lines filed
Asset lines not itemized here account for $1,879,300; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $884,513$1,241,935
X-15 Other assetsStart of year $59,975$112,381
X-16 Total assetsStart of year $2,427,718$3,233,616
X-17 Accounts payable and accrued expensesStart of year $8,992$52,260
X-19 Deferred revenue$248,149
X-26 Total liabilitiesStart of year $524,724$1,255,211
X-27 Net assets without donor restrictionsStart of year $1,902,994$1,978,405
X-32 Total net assets or fund balancesStart of year $1,902,994$1,978,405
X-33 Total liabilities and net assetsStart of year $2,427,718$3,233,616
Part XI · Reconciliation of net assets $1,978,405 net assets at year end
XI-1 Total revenue$181,519
XI-2 Total expenses$106,108
XI-3 Revenue less expenses$75,411
XI-4 Net assets at start of year$1,902,994
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,978,405

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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