2017-08-08T11:16:32-05:00 2016-12-31 741130599 PATTILLO BROWN & HILL LLP P O BOX 20725 WACO TX 767020725 990 2016-01-01 742995407 WACO COMMUNITY DEVELOPMENT CORPORATION WACO 2542357358 1624 COLCORD WACO TX 76707 MIKE STONE EXECUTIVE DIRECTOR 2542357358 2017-08-08 1 MIKE LUCAS CPA P00581536 2547724901 24.155.125.28 2017-08-08 10:57:15 CD P 22386AE18F0CDFC505175D0939B497476BBA2374 22386AE18F0CDFC505175D0939B497476BBA2374 2016 2021-01-29 14:40:06Z MIKE STONE 1624 COLCORD WACO TX 76707 491645 0 X WWW.WACOCDC.ORG X 2001 TX TO INSPIRE AND CULTIVATE HEALTHY NEIGHBORHOODS. WE CONSIDER A HEALTHY NEIGHBORHOOD TO BE ONE THAT IS SAFE, CLEAN, AND DIVERSE; ONE IN WHICH IT MAKES ECONOMIC SENSE FOR PEOPLE TO INVEST AND ONE WHERE NEIGHBORS MANAGE CHANGE SUCCESSFULLY. 10 10 6 196 0 0 342533 202945 14047 12145 54 38 2756 66408 359390 281536 24000 24000 0 0 199385 227762 0 0 13196 103471 97491 326856 349253 32534 -67717 552386 641746 401642 558719 150744 83027 TO INSPIRE AND CULTIVATE HEALTHY NEIGHBORHOODS. WE CONSIDER A HEALTHY NEIGHBORHOOD TO BE ONE THAT IS SAFE, CLEAN, AND DIVERSE; ONE IN WHICH IT MAKES ECONOMIC SENSE FOR PEOPLE TO INVEST AND ONE WHERE NEIGHBORS MANAGE CHANGE SUCCESSFULLY. 0 0 113923 86730 PROVISION OF AFFORDABLE HOUSING AND PROPERTY MANAGEMENT TO LOW AND MODERATE INCOME PEOPLE. THE ORGANIZATION OWNS 6 RENTAL PROPERTIES OCCUPIED BY LOW AND MODERATE INCOME RESIDENTS. THE ORGANIZATION ALSO PURCHASES, REMODELS, AND RESELLS HOMES TO QUALIFYING INDIVIDUALS. 114419 24000 PROVISION OF CREDIT COUNSELING AND HOMEBUYER EDUCATION CLASSES TO LOW AND MODERATE INCOME PEOPLE. COUNSELING SERVICES INCLUDE PRE- AND POST-PURCHASE COUNSELING AS WELL AS FORECLOSURE/LOSS MITIGATION AND DOWNPAYMENT/CLOSING COST ASSISTANCE COUNSELING. OTHER SERVICES INCLUDE BUDGETING, FINANCIAL LITERACY, HOMEBUYER EDUCATION AND LOAN DOCUMENT PACKAGING CLASSES. 98673 PROMOTION OF COMMUNITY AND ECONOMIC DEVELOPMENT. THE HANDS AND FEET SERVICE PROGRAM HELPS TO COORDINATE LOCAL SERVICE PROJECTS BY MATCHING GROUPS OF VOLUNTEERS WITH QUALIFYING RESIDENTS TO PERFORM REPAIRS AND MAINTENANCE ON LOW-INCOME HOMESTEADED HOMES. PROJECTS INCLUDE PAINTING, SCRAPING, AND MINOR SIDING REPAIRS, PROVIDING LEADERSHIP DEVELOPMENT CLASSES AND HELP THROUGH OUR COMMUNITY ORGANIZATION EFFORTS. 327015 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 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 0 0 0 0 0 1 2 0 1 6 1 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X MIKE STONE 2542357358 1624 COLCORD WACO TX 76707 BILLY DAVIS PRESIDENT 1.00 X X 0 0 0 JOHNNY MANKIN TREASURER 1.00 X X 0 0 0 CAROL DUGAT BOARD MEMBER 1.00 X 0 0 0 REV FRANK MONTGOMERY BOARD MEMBER 1.00 X 0 0 0 DR VAN ALLEN BOARD MEMBER 1.00 X 0 0 0 WALT KEELER BOARD MEMBER 1.00 X 0 0 0 KEN COOPER BOARD MEMBER 1.00 X 0 0 0 JON SPELMAN BOARD MEMBER 1.00 X 0 0 0 TIM HOLTKAMP BOARD MEMBER 1.00 X 0 0 0 JOSH CABALLERO BOARD MEMBER 1.00 X 0 0 0 MIKE STONE EXECUTIVE DIRECTOR 40.00 X 81458 0 16224 81458 0 16224 0 0 0 0 0 42425 105517 55003 202945 INTEREST INCOME 531390 12145 12145 12145 38 38 36000 0 36000 36000 36000 0 42425 8177 -8177 -8177 239411 201932 37479 37479 MISCELLANEOUS-LATE FEE 531110 1106 1106 1106 281536 86730 0 -8139 24000 24000 97683 86558 2095 9030 101827 96351 3636 1840 13636 12501 392 743 14616 13401 419 796 1787 1787 29814 29057 423 334 20807 20117 238 452 643 643 15678 15678 11699 11699 15449 13611 1838 MISCELLANEOUS EXPENSE 1614 1612 1 1 349253 327015 9042 13196 99695 176964 50 645 156842 147263 18422 14449 284065 107009 188755 177056 88622 125369 552386 641746 9011 14641 76905 118506 314200 423646 1526 1926 401642 558719 X 150744 83027 150744 83027 552386 641746 -67717 0 X X 0 1 X 1 0 X 458485 217374 300341 342533 202945 1521678 458485 217374 300341 342533 202945 1521678 1521678 69 45 75 54 38 281 2093 2916 2583 1846 1106 10544 1532503 333309 0.99290 0.99360 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 259231 89173 170058 24834 17836 6998 177056 CONSTRUCTION IN PROGRESS 125369 125369 SECURITY DEPOSITS 1926 1926 X 301106 11393 8177 19570 281536 0 281536 368823 11393 8177 19570 349253 0 349253 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THEREFORE HAS MADE NO PROVISION FOR INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION HAS ALSO BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A "PRIVATE FOUNDATION" WITHIN THE MEANING OF SECTION 509(A) AND QUALIFIES FOR DEDUCTIBLE CONTRIBUTIONS AS PROVIDED IN SECTION 170(B)(1)(A)(VI). THERE WAS NO UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2015. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES OFFSET AGAINST REVENUE ON 990 8,177. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES OFFSET AGAINST REVENUE ON 990 8,177. GOLF TOURNAMENT 14590 14590 400 1128 BONNETS & BIRDHOUSES 14865 14865 650 3125 2 12970 12970 2874 42425 42425 400 650 7127 8177 -8177 1 HOMEBUYER COUNSELING ASSISTANCE GRANTS 12 24000 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PRPEPARED BY AN INDEPENDENT ACCOUNTING FIRM AND REVIEWED WITH THE EXECUTIVE DIRECTOR OF THE ORGANIZATION. THE EXECUTIVE DIRECTOR THEN REVIEWS THE FORM 990 WITH THE ORGANIZATION'S BOARD OF DIRECTORS FOR APPROVAL. ONCE IT IS APPROVED BY THE BOARD OF DIRECTORS, THE FORM 990 IS FILED. FORM 990, PART VI, SECTION B, LINE 12C AT LEAST ANNUALLY ALL BOARD MEMBERS AND OFFICERS CERTIFY AS TO THE EXISTENCE OF ANY CONFLICT OF INTEREST. IF IT IS DETERMINED THAT A CONFLICT OF INTEREST EXISTS, THEN THE BOARD MEMBER OR OFFICER HAVING THE CONFLICT OF INTEREST IS NOT ALLOWED TO PARTICIPATE IN ANY VOTE OR DECISION MATTER WITH RESPECT TO THE ISSUE. FORM 990, PART VI, SECTION B, LINE 15A A RECOMMENDATION MADE BY COMPENSATION COMMITTEE MADE UP OF THE BOARD OF DIRECTORS WITH FINAL DETERMINATION MADE BY VOTE OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.