Serve Denton Center INC

Tax-deductible

Denton, TX501(c)(3)Since 2018Human ServicesEIN 83-0996931Revenue $114K in FY2025

On file with the IRSservedenton.org306 N Loop 288 100 · Denton, TXTax-exempt since Jul 2019Supporting org, Type I — 509(a)(3)

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Serve Denton Center exists only to facilitate the New Market Tax Credit financing of Denton Assistance Centers facilities.

501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2025 · 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
0 of 6
filings with a surplus
Average deficit $330K a year · 297% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $45K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$10.0M
127% of total assets
Concern: liabilities are 127% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$114K
+1% vs prior year
Spent
$514K
To programs
73%
Net assets
−$2.1M
By yearFY2020–FY2025
Revenue
$114K
FY2025▲ +1%
Tap a bar for its year
Revenue by fiscal year
FY2020$109K
FY2021$108K
FY2022$111K
FY2023$112K
FY2024$113K
FY2025$114K
Expenses
$514K
FY2025▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2020$417K
FY2021$415K
FY2022$413K
FY2023$433K
FY2024$455K
FY2025$514K
Net assets
−$2.1M
FY2025▼ -23%
Tap a bar for its year
Net assets by fiscal year
FY2020−$457K
FY2021−$763K
FY2022−$1.1M
FY2023−$1.4M
FY2024−$1.7M
FY2025−$2.1M

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2019.

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

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $374K Management & general 13% · $67K Fundraising 14% · $73K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
CEO/President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Serve Denton Center 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Facilitates New Market Tax Credit financing for Denton Assistance Centers' facilities.

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Provided by the organization

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1 program · $374K · in their own filed words · FY2025
01

Serve Denton Center exists only to facilitate the New Market Tax Credit financing of Denton Assistance Centers facilities.

$374Kprogram 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 · FY2024
Total grants receivedfrom 2 funders$45K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$114K
Ln 12
Fees for servicesLn 2g$114K
Investment incomeLn 3$362
Money outPt IX
$514K
Ln 25
Programscol B$374K
Managementcol C$67K
Fundraisingcol D$73K
Owns and owesPt X
−$2.1M
net assets · Ln 32
Cash and savingsLn 1–2$23K
Total assetsLn 16$7.8M
LiabilitiesLn 26$10.0M
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$114K
Investment incomeLn 3$362
Gains on assetsLn 7$0
Total revenueLn 12$114K
Assets in detailPt X, end of year
CashLn 1$23K
SavingsLn 2$11
Cash and savings togetherLn 1–2$23K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$7.8M
Other assetsLn 15$0
Total assetsLn 16$7.8M
LiabilitiesLn 26$10.0M
Net assetsLn 32−$2.1M
OperationsPt I, VI
EmployeesI 50
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 FY25End FY25
Cash and savingsLn 1–2$76K$23K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$8.0M$7.8M
Total assetsLn 16$8.1M$7.8M
LiabilitiesLn 26$9.8M$10.0M
Net assetsLn 32−$1.7M−$2.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$66K$48K$9K$9K
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$143K$104K$19K$20K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$212K$154K$28K$30K
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$93K$68K$12K$13K
All other expensesLn 24e$0
Total functional expensesLn 25$514K$374K$67K$73K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $114K$514K−$400K−$2.1M 990 PDF
FY2024 $113K$455K−$342K−$1.7M 990 PDF
FY2023 $112K$433K−$320K−$1.4M 990 PDF
FY2022 $111K$413K−$302K−$1.1M 990 PDF
FY2021 $108K$415K−$306K−$763K 990 PDF
FY2020 $109K$417K−$308K−$457K 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 FY2025 990 (6 parts)
Part I · Summary $114,029 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $111,167$113,667
I-10 Investment incomePrior year $1,365$362
I-11 Other revenue$0
I-12 Total revenuePrior year $112,532$114,029
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $454,946$514,143
I-18 Total expensesPrior year $454,946$514,143
I-19 Revenue less expensesPrior year −$342,414−$400,114
Part VI · Governance 4 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $114,029 across 8 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $113,667$113,667
VIII-3 Investment incomeExcluded from tax $362$362
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $113,667 · Excluded from tax $362$114,029
Part IX · Statement of functional expenses $514,143 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $47,945 · Management $8,591 · Fundraising $9,284$65,820
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $104,396 · Management $18,720 · Fundraising $20,252$143,368
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $154,252 · Management $27,659 · Fundraising $29,923$211,834
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $67,808 · Management $12,159 · Fundraising $13,154$93,121
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $374,401 · Management $67,129 · Fundraising $72,613$514,143
Part X · Balance sheet $7,831,465 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $8,401$22,528
X-2 Savings and temporary cash investmentsStart of year $68,046$11
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $8,018,449$7,808,926
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $8,094,896$7,831,465
X-17 Accounts payable and accrued expensesStart of year $12,683$60,640
X-25 Other liabilitiesStart of year $581,948$589,464
X-26 Total liabilitiesStart of year $9,823,421$9,960,104
X-27 Net assets without donor restrictionsStart of year −$1,728,525−$2,128,639
X-32 Total net assets or fund balancesStart of year −$1,728,525−$2,128,639
X-33 Total liabilities and net assetsStart of year $8,094,896$7,831,465
Part XI · Reconciliation of net assets −$2,128,639 net assets at year end
XI-1 Total revenue$114,029
XI-2 Total expenses$514,143
XI-3 Revenue less expenses−$400,114
XI-4 Net assets at start of year−$1,728,525
XI-10 Net assets at end of year−$2,128,639

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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