2015-11-13T11:54:32-06:00 2014-12-31 741130599 PATTILLO BROWN & HILL LLP P O BOX 20725 WACO TX 767020725 990 2014-01-01 742995407 WACO COMMUNITY DEVELOPMENT CORPORATION WACO 2542357358 1624 COLCORD WACO TX 76707 MIKE STONE EXECUTIVE DIRECTOR 2542357358 2015-11-10 1 MIKE LUCAS CPA P00581536 2547724901 2014 2016-02-25 16:41:14Z MIKE STONE 1624 COLCORD WACO TX 76707 802371 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 5 106 0 0 217374 300341 20274 8157 45 75 70475 52357 308168 360930 17000 34000 0 0 298237 224151 0 0 11522 149290 110525 464527 368676 -156359 -7746 856933 788676 730977 670466 125956 118210 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 104025 64630 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. 97411 34000 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. 143739 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, AS WELL AS THE MAINTENANCE OF 40-60 VACANT LOTS IN THE 60 SQUARE BLOCK RADIUS SERVED BY THE ORGANIZATION. 345175 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 21 0 1 5 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 68717 0 14400 68717 0 14400 0 0 0 0 0 16276 225276 58789 9240 300341 INTEREST INCOME 531390 8157 8157 8157 75 75 46713 0 46713 46713 46713 0 16276 4116 -4116 -4116 444502 437325 7177 7177 MISCELLANEOUS-LATE FEE 531110 2583 2583 2583 360930 64630 0 -4041 34000 34000 83117 73575 1950 7592 113964 106755 5417 1792 14757 13586 508 663 12313 11271 458 584 4250 4078 172 815 815 18628 17887 326 415 37590 36489 694 407 1216 1216 20067 20067 9190 9190 15640 13240 2400 MISCELLANEOUS EXPENSE 3129 3006 54 69 368676 345175 11979 11522 32192 114972 840 0 3722 780 94226 166379 37868 19599 284065 81697 372574 202368 315511 284578 856933 788676 12908 7102 186888 280475 524381 381963 6800 926 730977 670466 X 125116 118210 840 0 125956 118210 856933 788676 -7746 0 X X 0 1 X 1 0 X 222455 384995 458485 217374 300341 1583650 222455 384995 458485 217374 300341 1583650 1583650 2236 1055 69 45 75 3480 4904 162 2093 2916 2583 12658 1599788 1398694 0.98990 0.98960 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 259231 70720 188511 24834 10977 13857 202368 CONSTRUCTION IN PROGRESS 284578 284578 SECURITY DEPOSITS 926 926 X 365046 4116 4116 360930 0 360930 372792 4116 4116 368676 0 368676 PART X, LINE 2: THE ORGANIZATION WAS GRANTED TAX-EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THESE FINANCIAL STATEMENTS. THE ORGANIZATION HAS BEEN CLASSIFIED AS A PUBLICLY SUPPORTED ORGANIZATION, WHICH IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(1) AND 170(B)(1)(A)(VI) OF THE CODE. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES OFFSET AGAINST REVENUE ON 990 4,116. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES OFFSET AGAINST REVENUE ON 990 4,116. GOLF SCRAMBLE 10370 10370 106 1998 340 171 SKEET SHOOT 5906 5906 570 931 16276 16276 676 1998 340 1102 4116 -4116 1 HOMEBUYER COUNSELING ASSISTANCE GRANTS 17 34000 FORM 990, PART VI, SECTION B, LINE 11 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.