2024-02-25T18:14:11-05:00 2021-12-31 Bankole Okoye & Associates PC 11511 Katy Freeway Suite 501 Houston TX 77079 990 2021-01-01 760216784 Houston Business Development Inc HOUS 5330 Griggs Road Houston TX 77021 Marlon Mitchell President & CEO 7138452418 2024-02-25 true Marlon Mitchell XXX-XX-XXXX Abiodun Bankole P00121218 2817417900 2024-02-25 X 0 00 AAL1 IAL1 2021 2023-04-26 12:10:37Z Marlon Mitchell 6854030 false X www.hbdi.org X 1986 TX The corporations mission is stimulate economic growth, combat community deterioration, revitalize under-served communities, and facilitate the bulding of safe,vibrant and healthy neighborhoods. 13 13 10 0 0 2640000 4416068 974866 2435124 0 5777 2838 3620643 6854030 0 0 627675 1541161 0 0 1694693 4486701 2322368 6027862 1298275 826168 15684831 19980612 3129116 3199671 12555715 16780941 The corporations mission is stimulate economic growth, combat community deterioration, revitalize under-served communities, and facilitate the bulding of safe,vibrant and healthy neighborhoods. false false 5522795 Along with providing small and minority businesses flexible and affordable business loans, management and technical assistance services and office space at reasonable rents at its Business Technology Center (BTC or Palm Center), HBDi now offers a more comprehensive approach to community development, including credit management training, small business incubation, the development of affordable single-family homes and multi-family rental apartments, and the adaptive reuse of commercial properties in underserved neighborhoods. 5522795 true false false false false false false false false true false false true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 59 0 10 true false false false false false false false false false false false false false false X 13 13 false false false false false false false true true false false true true true true true true true false false X Birdie Guillory 7138452418 5330 Griggs Road Houston TX 77021 X George Johnson Director 1.00 0.00 X 0 0 0 Nasr Khan Director 1.00 0.00 X 0 0 0 Clark Lord Director 1.00 0.00 X 0 0 0 Machael Trejo Director 1.00 0.00 X 0 0 0 Mike Kacal Director 1.00 0.00 X 0 0 0 Pearl Wright Director 1.00 0.00 X 0 0 0 Raymond Bourgeois Director 1.00 0.00 X 0 0 0 Ken Bolton Director 1.00 0.00 X 0 0 0 Algenita Scott Davis Director 1.00 0.00 X 0 0 0 Phillip Aitsebaomo Vice Chairman 1.00 0.00 X X 0 0 0 Larry Hawkins Chairman 1.00 0.00 X X 0 0 0 Ziwadi Bryant Treasurer 1.00 0.00 X X 0 0 0 Benny Rodriguez Secretary 1.00 0.00 X X 0 0 0 Marlon Mitchell President & CEO 40.00 0.00 X 0 0 0 0 0 0 0 false false false 2419638 1996430 4416068 Rental & Service Income 532000 2123374 2123374 Interest Income & Fees 522299 311750 311750 2435124 Other income 900099 2838 2838 2838 6854030 2437962 0 0 X 1021910 1021910 193373 193373 245967 245967 79911 79911 34841 34841 21480 21480 58632 58632 549972 549972 480 480 201607 201607 303460 303460 Loan Loss Reserve -7312 -7312 Supplies 10686 10686 Building repairs & maintenan 266992 266992 Miscellaneous 333684 333684 2712179 2712179 6027862 5522795 505067 0 1632126 5217054 250264 251118 5808704 5599938 87942 10487964 7424084 3258040 3063880 4647755 5848622 15684831 19980612 94030 12552 39755 67017 2025719 1880228 969612 1239874 3129116 3199671 X 9090542 15803317 3465173 977624 12555715 16780941 15684831 19980612 826168 3399058 0 X false false false X 1093000 1151720 2640000 4416068 9300788 2037334 1948301 2170751 974866 2435124 9566376 2037334 3041301 3322471 3614866 6851192 18867164 18867164 212465 98569 5777 2837 319648 2037334 3253766 3421040 3620643 6854029 19186812 0.98330 0.98040 0.00000 0.00000 X 692300 692300 9617680 7287929 2329751 177984 136155 41829 3063880 Property development investment 5734477 Rental income & related receivables 73883 Interest Receivable 40262 5848622 Refundable deposits 54563 Cash held for others 3098 Line of credit & PPP Loans 1182213 1239874 Form 990 governing body review Part VI line 11 The organizations Form 990 will be provided to the Audit Committee through an intranet secured site for review and comments before it is filed with the IRS. Conflict of interest policy compliance Part VI line 12c Board members are required to complete a conflict of interest questionnaire annually to disclose real or potential conflicts with parties having relationships with the organinzation. CEO executive director top management comp Part VI line 15a The Executive Committee of the Board determines the CEOs compesation using comparable data from other similar organizations as a guide. Governing documents etc available to public Part VI line 19 The organization makes its Form 990 and financial statements available to the public upon request. Not undergone required audits or steps for audit part XII line 3b The Organization is working on getting the financial statements audited. List of other expenses Part IX line 24e Contract Costs $1,198,384Payroll Processing $ 8,544Professional Fee $ 3,383Equipment Purchase, Lease & Repairs $ 18,722Telephone & Other Communications $ 11,797Printing & Publications $ 480Postage $ 246Bank & Other Charges $ 645