2023-07-13T11:58:46-05:00 2022-08-31 760488832 MCCONNELL & JONES LLP 4828 LOOP CENTRAL DRIVE SUITE 1000 HOUSTON TX 77081 990 2021-09-01 760366183 SER COMMUNITY DEVELOPMENT CORPORATION SERC 7137736000 1710 TELEPHONE ROAD HOUSTON TX 77023 SHEROO MUKHTIAR EXECUTIVE DIRECTOR/CEO 7137736000 2023-07-13 1 SHEROO MUKHTIAR XXX-XX-XXXX TENE THOMAS P00849229 7139681600 2023-07-10 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z SHEROO MUKHTIAR 1710 TELEPHONE ROAD HOUSTON TX 77023 3468924 0 X WWW.SERHOUSTON.ORG X 2016 TX TO PROVIDE AFFORDABLE HOUSING AND ECONOMIC SUPPORT TO LOW AND MODERATE INCOME RESIDENTS OF THE COMMUNITY AND TO MAINTAIN FACILITIES FOR OTHER NOT-FOR-PROFITS TO BE ABLE TO CARRY OUT THEIR MISSIONS TO PROVIDE SOCIAL SERVICES TO THE COMMUNITY. 7 6 0 0 0 0 0 0 0 0 0 2699746 441525 454722 441525 3154468 0 0 0 0 66847 0 0 0 0 98499 160806 165346 160806 276179 2993662 1290995 4202790 113267 31400 1177728 4171390 TO PROVIDE AFFORDABLE HOUSING AND ECONOMIC SUPPORT TO LOW AND MODERATE INCOME RESIDENTS OF THE COMMUNITY AND TO MAINTAIN FACILITIES FOR OTHER NOT-FOR-PROFITS TO BE ABLE TO CARRY OUT THEIR MISSIONS TO PROVIDE SOCIAL SERVICES TO THE COMMUNITY. 0 0 160701 454336 TO MAINTAIN FACILITIES FOR OTHER NOT-FOR-PROFITS TO BE ABLE TO CARRY OUT THEIR MISSIONS TO PROVIDE SOCIAL SERVICES TO THE COMMUNITY. 160701 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 6 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X X GERALD EATON - CFO CPA 7137736000 1710 TELEPHONE ROAD HOUSTON TX 77023 STEVE ROSENCRANZ CHAIRMAN 2.00 X X 0 0 0 SHEROO MUKHTIAR CHIEF EXECUTIVE OFFICER 2.00 40.00 X X 0 174546 7465 HERLINDA S GARCIA DIRECTOR 2.00 X 0 0 0 MICHEAL PALMER DIRECTOR 2.00 X 0 0 0 ESTELLA GONZALEZ DIRECTOR 2.00 X 0 0 0 JAMES EBREY DIRECTOR 2.00 X 0 0 0 PATRICK EZZELL DIRECTOR 2.00 X 0 0 0 0 174546 7465 0 0 1 0 0 14202 14202 454336 0 454336 454336 454336 3000000 314456 2685544 2685544 2685544 OTHER INCOME 990099 386 386 386 3154468 454336 0 2700132 X 1635 1635 8300 8300 98247 98247 18578 18578 14623 14623 FACILITIES REPAIR/MAINT 16360 16360 UTILITIES 2769 2769 BOARD EXPENSES 160 160 BANK FEES 105 105 29 29 160806 160701 105 0 410826 3463995 267924 349481 2104 2504 386810 610141 386810 1290995 4202790 31400 113267 0 113267 31400 X 1177728 4171390 1177728 4171390 1290995 4202790 2993662 0 X X 0 1 X 1 0 X 25 185 210 296238 196806 220754 441525 454336 1609659 296263 196806 220939 441525 454336 1609869 0 0 0 1609869 1393 1108 126811 2699746 2829058 1393 1108 126811 2699746 2829058 386 386 297656 197914 347750 441525 3154468 4439313 0.36260 0.91800 0.63730 0.08200 X 386810 386810 386810 X 13846477 10877183 10877183 2969294 185174 185174 3154468 7443092 7461615 7461615 -18523 179329 179329 160806 PART X, LINE 2: SER-JOBS, SER QALICB AND SER CDC ARE EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE (THE CODE) AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) AND COMPARABLE STATE LAW. CONTRIBUTIONS TO ALL THREE ENTITIES ARE TAX DEDUCTIBLE WITHIN THE LIMITATIONS PRESCRIBED BY THE CODE. THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, SER MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. SER ACCOUNTS FOR UNCERTAIN TAX POSITIONS, WHEN IT IS MORE LIKELY THAN NOT, THAT SUCH AN ASSET OR A LIABILITY WILL BE REALIZED. AS OF AUGUST 31, 2022 AND 2021, MANAGEMENT OF SER BELIEVES THERE WERE NO UNCERTAIN TAX POSITIONS TO BE RECOGNIZED OR RECORDED. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE FROM SUBSIDIARIES 10,877,183. PART XI, LINE 4B - OTHER ADJUSTMENTS: INTERCOMPANY TRANSACTIONS 185,174. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FROM SUBSIDIARIES 7,461,615. PART XII, LINE 4B - OTHER ADJUSTMENTS: INTERCOMPANY TRANSACTIONS 179,329. PART XI AND PART XII THE AUDITED FINANCIAL STATEMENTS ARE CONSOLIDATED FOR SER-JOBS FOR PROGRESS OF THE TEXAS GULF COAST, INC AND SER CDC & SER QALICB, BOTH SUBSIDIARIES. AMOUNTS FOR REVENUES AND EXPENDITURES FOR SER-JOBS & SER QALICB HAVE TO BE REMOVED FROM THE AUDITED STATEMENTS (LINES 2) SO THAT THE STATEMENTS REFLECT THE FINANCIAL CONDITION PRIOR TO THE ELIMINATIONS BETWEEN ENTITIES DUE TO CONSOLIDATION. THE REVENUE AND EXPENSES ON THE LINES 4 ARE THE AMOUNTS ELIMINATED FROM BOTH ENTITIES. 0 0 0 0 0 0 0 0 0 SHEROO MUKHTIAR CHIEF EXECUTIVE OFFICER 0 174546 0 0 0 0 0 0 0 7465 0 182011 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZAITON HAS STOCKHOLDERS. FORM 990, PART VI, SECTION B, LINE 11B BOARD MEMBERS ARE PROVIDED A COPY OF THE FORM 990 AND HAVE AN OPPORTUNITY TO ASK QUESTIONS. FORM 990, PART VI, SECTION B, LINE 12C QUESTIONNAIRE IS PROVIDED ANNUALLY TO ALL BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION CURRENTLY DOES NOT HAVE ANY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS AND OTHER DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING FEES: PROGRAM SERVICE EXPENSES 98,247. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 98,247. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. SER-JOBS FOR PROGRESS OF THE TEXAS 1710 TELEPHONE ROAD HOUSTON TX 77023 741590387 TRAINING & SUPPORT TX 501(C)(3) LINE 7 0 SER QALICB 1710 TELEPHONE ROAD HOUSTON TX 77023 821289703 NEW MARKETS TAX CREDITS TX 501(C)(3) LINE 12C, III-FI 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SER-JOBS FOR PROGRESS OF THE TEXAS D 342844 NOTES AT BANK