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Ser Community Development Corporation FY2020 filing

Tax-deductible

Houston, TX501(c)(3)Since 2016HousingEIN 76-0366183

Ser CDC is organized and at all times shall be operated exclusively for the benefit of, to perform the functions of, and/or to carry out the purposes of ser-jobs for progress of the texas gulf coast, INC.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $690K a year · 79% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
37 mo
of spending, in cash
Looks good: 37.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$290K
25% of total assets
Looks good: liabilities are 25% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$348K
Spent
$204K
To programs
97%
Net assets
$884K
By yearFY2020–FY2024
Revenue
$348K
FY2020
Revenue by fiscal year
FY2020$348K
FY2021$442K
FY2022$3.2M
FY2023$138K
FY2024$286K
FY2024$172K
Expenses
$204K
FY2020
Expenses by fiscal year
FY2020$204K
FY2021$165K
FY2022$161K
FY2023$65K
FY2024$320K
FY2024$115K
Net assets
$884K
FY2020
Net assets by fiscal year
FY2020$884K
FY2021$1.2M
FY2022$4.2M
FY2023$4.3M
FY2024$4.2M
FY2024$4.3M

From the FY2020 Form 990 (year ending August 2020) · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2016.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $199K Management & general 3% · $6K

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

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
Sheroo Mukhtiar
Chief Executive Officer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Ser Community Development Corporation 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers affordable housing and economic help, plus facility space for other service providers.

Provided by the organization

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1 program service account for $199K of program spending, described in the organization's own filed words · FY2019.
01

To maintain facilities for other not-for-profits to be able to carry out their missions to provide social services to the community.

$199Kprogram expense

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Funders

Who pays for it.

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

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$348K
Ln 12
Other incomeLn 4–11$221K
Investment incomeLn 3$127K
Gifts and grantsLn 1h$185
Money outPt IX
$204K
Ln 25
Programscol B$199K
Managementcol C$6K
Owns and owesPt X
$884K
net assets · Ln 32
Cash and savingsLn 1–2$634K
Total assetsLn 16$1.2M
LiabilitiesLn 26$290K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$185
Investment incomeLn 3$127K
Other incomeLn 4–11$221K
Gains on assetsLn 7$126K
Total revenueLn 12$348K
Assets in detailPt X, end of year
CashLn 1$634K
Cash and savings togetherLn 1–2$634K
Land, buildings, equipmentLn 10c$539K
Other assetsLn 15$0
Total assetsLn 16$1.2M
LiabilitiesLn 26$290K
Net assetsLn 32$884K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$32K$634K
Land, buildings, equipmentLn 10c$552K$539K
Total assetsLn 16$1.3M$1.2M
LiabilitiesLn 26$525K$290K
Net assetsLn 32$740K$884K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$4K$4K
Management feesLn 11a$14K$14K
TravelLn 17$126$126
InterestLn 20$18K$18K
Depreciation, depletion and amortizationLn 22$13K$13K
InsuranceLn 23$12K$12K
Other expenses (24a–d)Ln 24$143K$142K$1K
Total functional expensesLn 25$204K$199K$6K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $286K$320K−$34K$4.2M 990 PDF
FY2023 $138K$65K$73K$4.3M 990 PDF
FY2022 $3.2M$161K$3.0M$4.2M 990 PDF
FY2021 $442K$165K$276K$1.2M 990 PDF
FY2020 Viewing $348K$204K$144K$884K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $347,750 across 7 lines filed
VIII-1f All other contributions, gifts and grants$185
VIII-1h Total contributions, gifts and grants$185
VIII-3 Investment incomeExcluded from tax $859$859
VIII-6 Net rental income or lossRelated to mission $219,754$219,754
VIII-7 Net gain or loss on sales of assetsExcluded from tax $125,952$125,952
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,000$1,000
VIII-12 Total revenueRelated to mission $220,754 · Unrelated business $0 · Excluded from tax $126,811$347,750
Part IX · Statement of functional expenses $204,218 across 7 lines filed
IX-7 Other salaries and wagesManagement $4,280$4,280
IX-11a Management feesPrograms $14,077$14,077
IX-17 TravelManagement $126$126
IX-20 InterestPrograms $18,004$18,004
IX-22 Depreciation, depletion and amortizationPrograms $12,724$12,724
IX-23 InsurancePrograms $11,755$11,755
IX-24 Other expenses (24a–d)Programs $142,135 · Management $1,117$143,252
IX-25 Total functional expensesPrograms $198,695 · Management $5,523 · Fundraising $0$204,218
Part X · Balance sheet $1,173,319 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $31,999$634,062
X-10c Land, buildings and equipment, netStart of year $551,982$539,257
X-15 Other assetsStart of year $573,862$0
X-16 Total assetsStart of year $1,265,083$1,173,319
X-17 Accounts payable and accrued expensesStart of year $16,311$21,833
X-26 Total liabilitiesStart of year $524,923$289,625
X-27 Net assets without donor restrictionsStart of year $740,160$883,694
X-32 Total net assets or fund balancesStart of year $740,160$883,694
X-33 Total liabilities and net assetsStart of year $1,265,083$1,173,319
Part XI · Reconciliation of net assets $883,694 net assets at year end
XI-1 Total revenue$347,750
XI-2 Total expenses$204,218
XI-3 Revenue less expenses$143,532
XI-4 Net assets at start of year$740,160
XI-8 Prior period adjustments$2
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$883,694

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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