2022-07-15T10:06:51-05:00 2021-08-31 760488832 MCCONNELL & JONES LLP 4828 LOOP CENTRAL DRIVE SUITE 1000 HOUSTON TX 77081 990 2020-09-01 821289703 SER QALICB SERQ 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 2022-07-15 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z SHEROO MUKHTIAR 1710 TELEPHONE ROAD HOUSTON TX 77023 109910 0 X WWW.SERHOUSTON.ORG X 2017 TX SER QALICB IS A TEXAS NONPROFIT CORPORATION AND IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE SUPPORT AND BENEFIT OF SER-JOBS. SER QALICB WAS FORMED ON APRIL 19, 2017 AND QUALIFIES AS AN ACTIVE LOW-INCOME COMMUNITY BUSINESS FOR THE PURPOSE OF PARTICIPATING IN A NEW MARKETS TAX CREDIT ("NMTC") TRANSACTION TO COMPLETE THE FINANCING OF THE RENOVATION OF A 22,000 SQUARE FOOT OFFICE BUILDING THAT HOUSES SER JOBS FOR PROGRESS OF THE TEXAS GULF COAST, A TEXAS NONPROFIT CORPORATION, WHICH PROVIDES THE COMMUNITY WITH ACCESS TO CAREER TRAINING, FINANCIAL EMPOWERMENT SERVICES, AND DIRECT ACCESS TO JOBS, LOCATED AT 1710 TELEPHONE ROAD, HOUSTON, TEXAS 77023. 5 3 0 0 0 0 0 0 0 0 0 0 109363 109910 109363 109910 0 0 0 0 0 0 0 0 0 499612 486510 499612 486510 -390249 -376600 8878937 8545530 9560128 9603321 -681191 -1057791 X SER QALICB PARTICIPATED IN A NEW MARKETS TAX CREDIT ("NMTC") TRANSACTION TO COMPLETE THE FINANCING OF THE RENOVATION OF A 22,000 SQUARE FOOT OFFICE BUILDING THAT HOUSES SER JOBS FOR PROGRESS OF THE TEXAS GULF COAST, A TEXAS NONPROFIT CORPORATION, WHICH PROVIDES THE COMMUNITY WITH ACCESS TO CAREER TRAINING, FINANCIAL EMPOWERMENT SERVICES, AND DIRECT ACCESS TO JOBS, LOCATED AT 1710 TELEPHONE ROAD, HOUSTON, TEXAS 77023. 0 0 435727 TO PROVIDE AND GENERATE TAX CREDITS CALLED NEW MARKETS TAX CREDITS. 435727 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 0 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 5 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X X GERALD EATON 7137736000 1710 TELEPHONE ROAD HOUSTON TX 77023 JOSE VILLAREAL CHAIRMAN 2.00 X 0 0 0 CRUZ HINOJOSA DIRECTOR 2.00 X 0 0 0 SHEROO MUKHTIAR CHIEF EXECUTIVE OFFICER 2.00 40.00 X X 0 189300 0 GERALD EATON CHIEF FINANCIAL OFFICER 2.00 40.00 X X 0 127670 0 SONIA MEDRANO DIRECTOR 2.00 X 0 0 0 0 316970 0 0 0 1 0 0 109910 0 109910 109910 109910 109910 0 0 109910 5033 5033 45750 45750 97199 97199 337374 337374 1154 1154 486510 435727 50783 0 231185 218459 1518 9175 12370 1080 9320802 1003986 8633864 8316816 8878937 8545530 100977 123844 9720000 9720000 -260849 -240523 9560128 9603321 X -681191 -1057791 -681191 -1057791 8878937 8545530 -376600 0 X X 0 1 X 1 0 X X X 1 SER-JOBS FOR PROGRESS OF THE TEXAS GULF COAST INC 741590387 7 1 0 109910 1 0 109910 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X 1 0 PART IV, SECTION D, LINE 3: THE BOOKS AND RECORDS OF THE SER-QALICB (THE SUPPORTING ORGANIZATION) ARE MAINTAINED BY SER-JOBS (THE SUPPORTED ORGANIZATION). THE EXECUTIVE DIRECTOR/CEO AND CFO OF SER-JOBS ALSO SERVES AS EXECUTIVE DIRECTOR/CEO AND CFO FOR SER-QALICB. PART IV, SECTION E, LINE 2A: THE SUPPORTED ORGANIZATION IS SER-JOBS FOR PROGRESS OF THE TEXAS GULF COAST, INC. (74-1590387), A 501(C)(3) ORGANIZATION THAT PROVIDES JOB TRAINING, EDUCATION PROGRAMS, JOB READINESS AND JOB MATCHING, AND CAREER COACHING FOR ECONOMICALLY DISADVANTAGED RESIDENTS OF THE COMMUNITY. THE SUPPORT BEING PROVIDED HAS ENABLED SER-JOBS TO PARTICIPATE IN NEW MARKET TAX CREDIT FINANCING TO RENOVATE A 22,000 SQUARE FOOT BUILDING TO HOUSE SER-JOBS AND SUPPORT ITS WORK IN THE COMMUNITY. PART I, LINE 12G, COLUMN (VI) SER QALICB PROVIDES ITS SUPPORTED ORGANIZATION, SER-JOBS FOR PROGRESS OF THE TEXAS GULF COAST, INC. USE OF ITS FACILITIES. 8607835 681454 7926381 712967 322532 390435 8316816 UNAMORTIZED CLOSING COSTS -240523 -240523 X 10561731 9743421 9743421 818310 -708400 -708400 109910 7772901 9906309 9906309 -2133408 2619918 2619918 486510 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 9,743,421. PART XI, LINE 4B - OTHER ADJUSTMENTS: INTERCOMPANY TRANSACTIONS -708,400. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FROM SUBSIDIARIES 9,906,309. PART XII, LINE 4B - OTHER ADJUSTMENTS: INTERCOMPANY TRANSACTIONS 2,619,918. 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 CDC 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 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 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. SER-JOBS FOR PROGRESS OF THE TEXAS 1710 TELEPHONE ROAD HOUSTON TX 77023 741590387 TRAINING & SUPPORT TX 501(C)(3) LINE 7 0 SER COMMUNITY DEVELOPMENT CORPORATI 1710 TELEPHONE ROAD HOUSTON TX 77023 760366183 COMMUNITY DEVELOPMENT TX 501(C)(3) LINE 10 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 SER-JOBS FOR PROGRESS OF THE TEXAS GULF INC J 109910 CASH - FACILITY LEASE