2013-11-15T09:22:40-06:00 2012-12-31 741130599 PATTILLO BROWN & HILL LLP PO BOX 20725 WACO TX 767020725 990 2012-01-01 742995407 WACO COMMUNITY DEVELOPMENT CORPORATION WACO 2542357358 1624 COLCORD WACO TX 76707 MIKE STONE 2542357358 2013-10-25 1 MIKE LUCAS CPA P00581536 2547724901 2012 2016-02-25 16:41:14Z MIKE STONE 1624 COLCORD WACO TX 76707 992393 0 X WWW.WACOCDC.ORG X 2001 TX TO BRING HOLISTIC REVITALIZATION TO THE LIVES AND THE ENVIRONMENTS OF RESIDENTS OF WACO, TEXAS, THROUGH ECONOMIC AND COMMUNITY DEVELOPMENT, INCLUDING WITHOUT LIMITATION, EDUCATIONAL ENRICHMENT, EMPOWERMENT, THE PROVISION OF HOUSING THAT IS AFFORDABLE TO LOW AND MODERATE INCOME PEOPLE AND OTHER ACTIVITIES WHICH BENEFIT LOW AND MODERATE INCOME PEOPLE. 11 11 9 756 0 0 384995 458485 0 2807 1055 69 88137 74466 474187 535827 0 38000 0 0 291276 280285 0 0 17517 232711 185814 523987 504099 -49800 31728 1070335 1011545 819748 729230 250587 282315 X THE CORPORATION IS ORGANIZED TO BRING HOLISTIC REVITALIZATION TO THE LIVES AND THE ENVIRONMENTS OF RESIDENTS OF WACO, TEXAS, THROUGH ECONOMIC AND COMMUNITY DEVELOPMENT, INCLUDING WITHOUT LIMITATION, EDUCATIONAL ENRICHMENT, EMPOWERMENT, THE PROVISION OF HOUSING THAT IS AFFORDABLE TO LOW AND MODERATE INCOME PEOPLE AND OTHER ACTIVITIES WHICH BENEFIT LOW AND MODERATE INCOME PEOPLE. 0 0 164149 77273 PROVISION OF AFFORDABLE HOUSING AND PROPERTY MANAGEMENT TO LOW AND MODERATE INCOME PEOPLE. THE ORGANIZATION OWNS 9 RENTAL PROPERTIES OCCUPIED BY LOW AND MODERATE INCOME RESIDENTS. THE ORGANIZATION ALSO PURCHASES, REMODELS, AND RESELLS HOMES TO QUALIFYING INDIVIDUALS. 126094 38000 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. 171707 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. 461950 1 1 0 0 0 0 0 0 0 0 1 0 0 1 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 0 0 0 0 0 1 30 0 1 9 1 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X JOELLEN BAIZA 2542357358 1624 COLCORD WACO TX 76707 BILLY DAVIS 1.00 X 0 0 0 DR GAYNOR YANCEY 1.00 X 0 0 0 CAROL DUGAT 1.00 X 0 0 0 REV FRANK MONTGOMERY 1.00 X 0 0 0 JOHNNY MANKIN 1.00 X 0 0 0 JUAN CASTELLANO 1.00 X 0 0 0 WALT KEELER 1.00 X 0 0 0 ADA NUNN 1.00 X 0 0 0 REV STEVE RAMSDELL 1.00 X 0 0 0 JON SPELMAN 1.00 X 0 0 0 TIM HOLTKAMP 1.00 X 0 0 0 MIKE STONE 40.00 X 83000 0 11071 83000 0 11071 0 0 0 0 0 6235 399684 52566 458485 INTEREST INCOME 531390 2807 2807 2807 69 69 70358 0 70358 70358 70358 0 6235 0 0 458581 456566 2015 2015 MISCELLANEOUS-LATE FEE 531110 2093 2093 2093 535827 77273 0 69 38000 38000 94071 82781 2436 8854 164336 145454 14732 4150 8333 7327 552 454 13545 11914 927 704 3651 3401 250 4092 3892 200 37608 34066 1406 2136 51155 48775 1352 1028 413 413 1722 1552 170 24921 24921 25918 25710 118 90 20854 18500 2354 MISCELLANEOUS EXPENSE 8386 8150 135 101 BAD DEBT EXPENSE 7094 7094 0 0 504099 461950 24632 17517 94771 145608 220 0 21000 10920 30221 21660 45850 37599 46844 41518 475993 86643 415268 389350 416161 364890 1070335 1011545 35451 21584 237482 144071 541880 547115 4935 16460 819748 729230 X 229587 271395 21000 10920 250587 282315 1070335 1011545 31728 0 X X 0 1 X 1 0 X 341510 317306 222455 384995 458485 1724751 341510 317306 222455 384995 458485 1724751 1724751 9456 1960 2236 1055 69 14776 7388 1340 4904 162 2093 15887 1755414 2611751 0.98250 0.94200 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 466828 77478 389350 9165 9165 0 389350 CONSTRUCTION IN PROGRESS 364890 364890 SECURITY DEPOSITS 16460 16460 535827 0 535827 0 535827 504099 0 504099 0 504099 1 HOMEBUYER COUNSELING ASSISTANCE GRANTS 20 38000 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 ORGANIZATION DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.