Has Development Corporation: Nonprofit Profile, Financials & Form 990 (EIN 74-3027286)

Agustin Arellano’s $362K as President & CEO is at the 95th percentile of top reported officer pay among 731 $1–10M public & societal benefit 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 · 5 named individuals · Part VII

Name	FY2024	FY2023	FY2022	FY2021	FY2020
Agustin Arellano	$362,303	$422,219	$335,000	$97,708	—
Ramon E Miro	—	—	—	$160,566	$361,830
Eduardo Iglesias	$275,783	$311,825	$255,000	$63,750	—
Ada C Silva	$259,560	$298,125	$240,000	$240,000	$203,500
Francis J Coleman JR	—	—	—	—	$143,447

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

Promotes air transport, trade, and economic development, offering airport advisory and training services globally.

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Provided by the organization

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3 programs · $1.3M · in their own filed words · FY2024

01

Hamilton Sundstrand

To promote growth of aerospace industry, increase employment and promote economic activity in houston

$817Kprogram expense

02

Technical Advisory Consulting

The organization generates revenue by providing airport technical advisory services based on contractual arrangements.

$353Kprogram expense

03

Management Contracts

The organization provides airport services designed to supply operational and managerial consulting to its clients.

$116Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking

Grants paid · 6 grants · $4.3M · 2020–2024

Hamilton Sundstrand CorporationFY2024$816,647

Hamilton Sundstrand CorporationFY2023$1,042,825

Hamilton Sundstrand CorporationFY2022$1,995,575

San Jacinto College DistrictFY2021$148,912

San Jacinto College DistrictFY2020$295,998

Intercontinental Airport Interfaith Chapel INCTX · FY2020$50,000

By the numbers

The FY2024 990, line by line.

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from philanthropy.org

1The main four

Money inPt VIII

$4.8M

Ln 12

Investment incomeLn 3$4.0M

Fees for servicesLn 2g$804K

Money outPt IX

$2.5M

Ln 25

Programscol B$1.3M

Managementcol C$1.2M

Owns and owesPt X

$25.7M

net assets · Ln 32

Cash and savingsLn 1–2$18.5M

Total assetsLn 16$25.7M

LiabilitiesLn 26$45K

PeoplePt VI, VII

6

listed · VII A

PaidVII A3

Voting boardVI 1a3

IndependentVI 1b2

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$804K

Investment incomeLn 3$4.0M

Total revenueLn 12$4.8M

Assets in detailPt X, end of year

CashLn 1$6.6M

SavingsLn 2$11.8M

Cash and savings togetherLn 1–2$18.5M

InvestmentsLn 11–13$7.1M

Other assetsLn 15$41K

Total assetsLn 16$25.7M

LiabilitiesLn 26$45K

Net assetsLn 32$25.7M

OperationsPt I, VI

EmployeesI 54

VolunteersI 60

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$16.1M	$18.5M
InvestmentsLn 11–13	$7.1M	$7.1M
Total assetsLn 16	$23.5M	$25.7M
LiabilitiesLn 26	$101K	$45K
Net assetsLn 32	$23.4M	$25.7M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$817K	$817K
Pay of current officers, directors and key staffLn 5	$898K		$898K
Payroll taxesLn 10	$44K		$44K
Legal feesLn 11b	$17K	$9K	$7K
Accounting feesLn 11c	$35K		$35K
Other fees for servicesLn 11g	$227K	$226K	$1K
Office expensesLn 13	$15K		$15K
OccupancyLn 16	$62K		$62K
TravelLn 17	$185K	$185K
InsuranceLn 23	$13K		$13K
Other expenses (24a–d)Ln 24	$132K	$49K	$84K
All other expensesLn 24e	$17K		$17K
Total functional expensesLn 25	$2.5M	$1.3M	$1.2M	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$4.8M	$2.5M	$2.3M	$25.7M	990 PDF
FY2023	$6.6M	$2.9M	$3.7M	$23.4M	990 PDF
FY2022	$3.7M	$3.7M	−$44K	$19.7M	990 PDF
FY2021	$1.6M	$1.8M	−$171K	$19.8M	990 PDF
FY2020	$1.2M	$1.7M	−$505K	$20.0M	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 J · Pay O · Explanations

See the full FY2024 990 (6 parts)

Part I · Summary $4,778,037 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $1,266,250$804,362

I-10 Investment incomePrior year $5,334,467$3,973,675

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $6,600,717$4,778,037

I-13 Grants and similar amounts paidPrior year $1,042,825$816,647

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $1,076,932$942,021

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $827,015$704,237

I-18 Total expensesPrior year $2,946,772$2,462,905

I-19 Revenue less expensesPrior year $3,653,945$2,315,132

Part VI · Governance 2 of 3 board members independent, 2 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members2

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $4,778,037 across 3 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $804,362$804,362

VIII-3 Investment incomeExcluded from tax $3,973,675$3,973,675

VIII-12 Total revenueRelated to mission $804,362 · Unrelated business $0 · Excluded from tax $3,973,675$4,778,037

Part IX · Statement of functional expenses $2,462,905 across 12 lines filed

IX-1 Grants to domestic organizationsPrograms $816,647$816,647

IX-5 Pay of current officers, directors and key staffManagement $897,646$897,646

IX-10 Payroll taxesManagement $44,375$44,375

IX-11b Legal feesPrograms $9,481 · Management $7,459$16,940

IX-11c Accounting feesManagement $34,515$34,515

IX-11g Other fees for servicesPrograms $226,225 · Management $1,125$227,350

IX-13 Office expensesManagement $15,298$15,298

IX-16 OccupancyManagement $61,924$61,924

IX-17 TravelPrograms $185,338$185,338

IX-23 InsuranceManagement $13,479$13,479

IX-24 Other expenses (24a–d)Programs $48,727 · Management $83,686$132,413

IX-24e All other expensesManagement $16,980$16,980

IX-25 Total functional expensesPrograms $1,286,418 · Management $1,176,487 · Fundraising $0$2,462,905

Part X · Balance sheet $25,702,953 assets, 13 lines filed

X-1 Cash, non-interest-bearingStart of year $305,893$6,648,964

X-2 Savings and temporary cash investmentsStart of year $15,808,745$11,829,476

X-4 Accounts receivableStart of year $175,777$95,977

X-9 Prepaid expenses and deferred chargesStart of year $100$5,317

X-13 Program-related investmentsStart of year $7,107,318$7,082,131

X-15 Other assetsStart of year $91,812$41,088

X-16 Total assetsStart of year $23,489,645$25,702,953

X-17 Accounts payable and accrued expensesStart of year $23,229$3,690

X-25 Other liabilitiesStart of year $77,680$41,311

X-26 Total liabilitiesStart of year $100,909$45,001

X-27 Net assets without donor restrictionsStart of year $23,388,736$25,657,952

X-32 Total net assets or fund balancesStart of year $23,388,736$25,657,952

X-33 Total liabilities and net assetsStart of year $23,489,645$25,702,953

Part XI · Reconciliation of net assets $25,657,952 net assets at year end

XI-1 Total revenue$4,778,037

XI-2 Total expenses$2,462,905

XI-3 Revenue less expenses$2,315,132

XI-4 Net assets at start of year$23,388,736

XI-9 Other changes in net assets−$45,916

XI-10 Net assets at end of year$25,657,952

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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