2022-07-15T09:56:04-05:00 2021-08-31 760488832 MCCONNELL & JONES LLP 4828 LOOP CENTRAL DRIVE SUITE 1000 HOUSTON TX 77081 990 2020-09-01 760366183 SER COMMUNITY DEVELOPMENT CORPORATION SERC 7137736000 1710 TELEPHONE ROAD HOUSTON TX 77023 SHEROO MUKHTIAR EXECUTIVE DIRECTOR/CEO 7137736000 2022-07-15 1 SHEROO MUKHTIAR XXX-XX-XXXX TENE THOMAS P00849229 7139681600 2022-06-29 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z SHEROO MUKHTIAR 1710 TELEPHONE ROAD HOUSTON TX 77023 441525 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 1 0 0 185 0 0 0 126811 0 220754 441525 347750 441525 0 0 0 0 4280 66847 0 0 0 199938 98499 204218 165346 143532 276179 1173319 1290995 289625 113267 883694 1177728 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 98469 441525 TO MAINTAIN FACILITIES FOR OTHER NOT-FOR-PROFITS TO BE ABLE TO CARRY OUT THEIR MISSIONS TO PROVIDE SOCIAL SERVICES TO THE COMMUNITY. 98469 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 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 189300 0 HERLINDA S GARCIA DIRECTOR 2.00 X 0 0 0 MICHEAL PALMER DIRECTOR 2.00 X 0 0 0 ESTELLA GONZALEZ SECRETARY 2.00 X X 0 0 0 JAMES EBREY DIRECTOR 2.00 X 0 0 0 PATRICK EZZELL DIRECTOR 2.00 X 0 0 0 0 189300 0 0 0 1 0 0 441525 0 441525 441525 441525 441525 441525 0 0 66847 66847 6780 6780 8767 8767 27407 27407 478 478 2557 2557 16937 16937 10522 10522 PROPERTY TAX 18126 18126 REPAIRS & MAINTENANCE 6895 6895 BANK AND OTHER FEES 30 30 165346 98469 66877 0 634062 410826 267924 2104 1074639 464498 539257 610141 1173319 1290995 21833 267792 0 113267 289625 113267 X 883694 1177728 883694 1177728 1173319 1290995 276179 17855 0 X X 0 1 X 1 0 X 306175 25 185 306385 296238 196806 220754 441525 1155323 306175 296263 196806 220939 441525 1461708 0 0 0 1461708 1245 1393 1108 126811 130557 1245 1393 1108 126811 130557 307420 297656 197914 347750 441525 1592265 0.91800 0.08200 X SCHEDULE A, PART III, LINES 2 AND 10, COLUMNS (B) AND (C) SCHEDULE A, PART III, LINES 2 AND 10 FOR COLUMNS (B) AND (C) (2017 AND 2018 TAX YEARS) HAVE BEEN UPDATED TO CORRECT THE REPORTING OF RENTAL INCOME FOR FACILITIES FURNISHED IN ACTIVITIES THAT ARE RELATED TO THE ORGANIZATION'S TAX-EXEMPT PURPOSE. 453250 453250 577566 420675 156891 43823 43823 0 610141 SECURITY DEPOSIT 75202 PREPAID RENT 38065 113267 X 10561731 9411806 9411806 1149925 -708400 -708400 441525 7772901 10227472 10227472 -2454571 2619917 2619917 165346 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, 2021 AND 2020, MANAGEMENT OF SER BELIEVES THERE WERE NO UNCERTAIN TAX POSITIONS TO BE RECOGNIZED OR RECORDED. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE FROM SUBSIDIARIES 9,411,806. PART XI, LINE 4B - OTHER ADJUSTMENTS: INTERCOMPANY TRANSACTIONS -708,400. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FROM SUBSIDIARIES 10,227,472. PART XII, LINE 4B - OTHER ADJUSTMENTS: INTERCOMPANY TRANSACTIONS 2,619,917. 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 189300 0 0 0 0 0 0 0 0 0 189300 0 0 MICHAEL PALMER DIRECTOR 27407 REAL ESTATE SALE BROKER COMMISSIONS 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 XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. FORM 990, PART XII, LINES 3A & 3B FEDERAL AWARDS - THIS ORGANIZATION DID NOT RECEIVE ANY FEDERAL AWARDS. HOWEVER, A RELATED ORGANIZATION, SER-JOBS FOR PROGRESS OF THE TEXAS GULF COAST, INC DID RECEIVE FEDERAL AWARDS AND SINCE THESE ENTITIES ARE CONSOLIDATED FOR ADULT PURPOSES, AN A-133 AUDIT WAS PERFORMED. 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 1 0 0 0 0 SER-JOBS FOR PROGRESS OF THE TEXAS D 267924 NOTES AT BANK SER-JOBS FOR PROGRESS OF THE TEXAS D 600000 LINE OF CREDIT SER-JOBS FOR PROGRESS OF THE TEXAS O 66847 CASH - SALARIES