Apple Community Development Corporation FY2021 filing

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Apple Community Development Corporation Apple CDC was founded in 2016 in Arlington Texas with the goal of making an economic impact in the communities where we serve. As a 501c3 non-profit organization we provide technical assistance to non-profit organizations small businesses and entrepreneurs and work to give access to capital to underserved communities and minorities. In partnership with SCORE Fort Worth SBDC and SBA Apple CDC has achieved tremendous success in its mission from offering over 361 classes with an enrollment of over 7,200 people primarily in downtown Arlington to creating over 200 non-profit organizations in Texa We have also created at least 1000 new businesses in Texas mentored over 600 clients and assisted these companies and organizations in receiving over $5.0M and $3.0M in government contracts and grants respectively.

501(c)(3) charity; gifts are tax-deductible.
100¢ 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
5 of 6
filings with a surplus
Average surplus $15K a year · 3% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
5 mo
of spending, in cash
Looks good: 5.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $11
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$75K
12% of total assets
Looks good: liabilities are 12% 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
$718K
+162% vs prior year
Spent
$657K
To programs
100%
Net assets
$548K
By yearFY2020–FY2025
Revenue
$718K
FY2021▲ +162%
Tap a bar for its year
Revenue by fiscal year
FY2020$274K
FY2021$718K
FY2022$845K
FY2023$722K
FY2024$783K
FY2025$0
Expenses
$657K
FY2021▲ +177%
Tap a bar for its year
Expenses by fiscal year
FY2020$237K
FY2021$657K
FY2022$784K
FY2023$790K
FY2024$783K
FY2025$0
Net assets
$548K
FY2021▲ +326%
Tap a bar for its year
Net assets by fiscal year
FY2020$129K
FY2021$548K
FY2022$610K
FY2023$113K
FY2024$113K
FY2025$52K

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
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 Jan 2017.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $657K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
Gray
$0Pt VII · Sec A
Operations Manager
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See Apple Community Development Corporation executive salaries →

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

Provides technical help, capital, and financial literacy to nonprofits, small businesses, and homeowners.

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2 programs · $657K · in their own filed words · FY2021
01

Fee generation in loan originations for equipment financing factoring credit card processing and small business loans.

$657Kprogram expense
02

Providing mentoring business planning strategic planning consulting community development planning workshops and conferences.

Pt IX · col B

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 · FY2023
Total grants receivedfrom 1 funder$11

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$718K
Ln 12
Fees for servicesLn 2g$713K
Gifts and grantsLn 1h$5K
Money outPt IX
$657K
Ln 25
Programscol B$657K
Owns and owesPt X
$548K
net assets · Ln 32
Cash and savingsLn 1–2$287K
Total assetsLn 16$623K
LiabilitiesLn 26$75K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$713K
Total revenueLn 12$718K
Assets in detailPt X, end of year
CashLn 1$49K
SavingsLn 2$239K
Cash and savings togetherLn 1–2$287K
Accounts receivableLn 4$322K
Prepaid expenses and deferred chargesLn 9$14K
Total assetsLn 16$623K
LiabilitiesLn 26$75K
Net assetsLn 32$548K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY21End FY21
Cash and savingsLn 1–2$52K$287K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$60K$0
Total assetsLn 16$148K$623K
LiabilitiesLn 26$19K$75K
Net assetsLn 32$129K$548K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$388K$388K$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$0$0$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$0$0$0$0
Advertising and promotionLn 12$0$0$0$0
Office expensesLn 13$13K$13K$0$0
Information technologyLn 14$5K$5K$0$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$3K$3K$0$0
TravelLn 17$0$0$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$248K$248K$0$0
Total functional expensesLn 25$657K$657K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Aug 10, 2026 $0$0$0$52K 990 PDF
FY2024Filed with the IRS May 19, 2025 $783K$783K$513$113K 990 PDF
FY2023Filed with the IRS Nov 13, 2024 $722K$790K−$68K$113K 990 PDF
FY2022Filed with the IRS May 19, 2025 $845K$784K$62K$610K 990 PDF
FY2021 ViewingFiled with the IRS Oct 25, 2022 $718K$657K$61K$548K 990 PDF
FY2020Filed with the IRS Oct 17, 2022 $274K$237K$37K$129K 990 PDF

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 $718,005 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,000$5,000
I-9 Program service revenuePrior year $268,904$713,005
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $273,904$718,005
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 $118,063$388,436
I-16a Professional fundraising feesPrior year $191,186$0
I-17 Other expensesPrior year $118,735$268,299
I-18 Total expensesPrior year $427,984$656,735
I-19 Revenue less expensesPrior year −$154,080$61,270
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $718,005 across 14 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$5,000
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$5,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $713,005 · Unrelated business $0 · Excluded from tax $0$713,005
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $713,005 · Unrelated business $0 · Excluded from tax $0$718,005
Part IX · Statement of functional expenses $656,735 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $388,436 · Management $0 · Fundraising $0$388,436
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$0
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $0$0
IX-13 Office expensesPrograms $12,521 · Management $0 · Fundraising $0$12,521
IX-14 Information technologyPrograms $4,796 · Management $0 · Fundraising $0$4,796
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $3,373 · Management $0 · Fundraising $0$3,373
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$0
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $247,609 · Management $0 · Fundraising $0$247,609
IX-25 Total functional expensesPrograms $656,735 · Management $0 · Fundraising $0$656,735
Part X · Balance sheet $623,281 assets, 31 lines filed
X-1 Cash, non-interest-bearingStart of year $52,230$48,628
X-2 Savings and temporary cash investmentsStart of year $25$238,765
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $18,847$321,676
X-5 Loans to officers and key peopleStart of year $0$0
X-6 Loans to other insidersStart of year $0$0
X-7 Notes and loans receivableStart of year $16,785$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$14,212
X-10c Land, buildings and equipment, netStart of year $60,000$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $147,887$623,281
X-17 Accounts payable and accrued expensesStart of year $28$65
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-21 Escrow or custodial accountsStart of year $0$0
X-22 Loans from officers and insidersStart of year $0$0
X-23 Secured mortgages and notes payableStart of year $0$75,000
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $19,202$0
X-26 Total liabilitiesStart of year $19,230$75,065
X-29 Capital stock or trust principalStart of year $40,171$548,216
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $88,486$0
X-32 Total net assets or fund balancesStart of year $128,657$548,216
X-33 Total liabilities and net assetsStart of year $147,887$623,281
Part XI · Reconciliation of net assets $548,216 net assets at year end
XI-1 Total revenue$718,005
XI-2 Total expenses$656,735
XI-3 Revenue less expenses$61,270
XI-4 Net assets at start of year$128,657
XI-5 Net unrealized gains (losses) on investments$358,289
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$548,216

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

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