Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2001.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
93 cents of each dollar spent went to programs.
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
10 people listed on the 990; $95K paid to officers and key staff.
Mike Stone’s $102K as Executive Director is at the 75th percentile of top reported officer pay among 1709 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Mike Stone | $102,500 | $95,000 | $88,000 | $88,000 | $88,000 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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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 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Inspiring and cultivating healthy neighborhoods to achieve a brighter future for children and communities.
Questions for Waco Community Development Corporation
Your first name shows with your question. Waco Community Development Corporation answers here, for everyone.
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Promotion of community development by providing leadership development efforts by seeking to equip neighborhood leaders to engage in their community in meaningful ways by working with others and existing community assets to address community needs.
Provision of affordable housing and property management to low and moderate income people. The organization owns 5 rental properties occupied by low and moderate income residents. The organization helps to coordinate local service projects by matching groups of volunteers with qualifying residents to perform repairs and maintenance on…
Provision of housing counseling and homebuyer education classes to low and moderate income people. Counseling services include pre- and post-purchase counseling as well as post purchase and DOWNPAYMENT/CLOSING cost assistance counseling.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $229K | $351K |
| Land, buildings, equipmentLn 10c | $281K | $264K |
| Total assetsLn 16 | $1.2M | $1.2M |
| LiabilitiesLn 26 | $936K | $841K |
| Net assetsLn 32 | $242K | $318K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $4K | $4K | ||
| Pay of current officers, directors and key staffLn 5 | $116K | $102K | $9K | $5K |
| Other salaries and wagesLn 7 | $269K | $234K | $35K | $444 |
| Other employee benefitsLn 9 | $13K | $11K | $2K | $277 |
| Payroll taxesLn 10 | $28K | $24K | $3K | $398 |
| Accounting feesLn 11c | $8K | $7K | $929 | |
| Advertising and promotionLn 12 | $2K | $958 | $342 | $479 |
| Office expensesLn 13 | $191K | $190K | $537 | $66 |
| Information technologyLn 14 | $11K | $10K | $1K | $176 |
| OccupancyLn 16 | $31K | $30K | $1K | $163 |
| Conferences, conventions and meetingsLn 19 | $595 | $595 | ||
| InterestLn 20 | $27K | $27K | ||
| Depreciation, depletion and amortizationLn 22 | $18K | $18K | ||
| InsuranceLn 23 | $171K | $168K | $3K | |
| Other expenses (24a–d)Ln 24 | $38K | $34K | $3K | $423 |
| Total functional expensesLn 25 | $927K | $861K | $59K | $7K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $755K | $842K | −$87K | $272K | 990 PDF |
| FY2023 Viewing | $939K | $927K | $11K | $318K | 990 PDF |
| FY2022 | $810K | $682K | $128K | $242K | 990 PDF |
| FY2021 | $707K | $704K | $2K | $115K | 990 PDF |
| FY2020 | $559K | $556K | $3K | $100K | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $938,660 revenue, 12 lines filed
Part VI · Governance 9 of 9 board members independent, no flags
Part VIII · Statement of revenue $938,660 across 9 lines filed
Part IX · Statement of functional expenses $927,224 across 15 lines filed
Part X · Balance sheet $1,158,902 assets, 14 lines filed
Part XI · Reconciliation of net assets $317,548 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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