2021-01-20T06:27:02-08:00 2020-06-30 West Davis & Company LLP 11824 Jollyville Road Suite 100 Austin TX 78759 990 2019-07-01 742581297 CEN-TEX CERTIFIED DEVELOPMENT CORP CEN- 5129129884 1011 JAN JACINTO BLVD AUSTIN TX 78701 ROSA RIOS-VALDEZ EXECUTIVE DIRECTOR 5129129884 2021-01-17 true Rob West CPA P00218847 5038286650 2019 2022-09-23 18:48:47Z ROSA RIOS-VALDEZ 1011 SAN JACINTO 500 AUSTIN TX 78701 7633917 false X WWW.BCLOFTEXAS.ORG X 1990 TX TO ASSIST AND PROMOTE THE GROWTH AND DEVELOPMENT OF SMALL BUSINESSES IN TEXAS AND TO FACILITATE HOUSING INITIATIVES. 9 8 19 9 0 0 2084404 6236183 1348444 1378140 -83496 19594 0 3349352 7633917 2064705 1699732 0 976773 1050432 0 0 1548164 1726391 4589642 4476555 -1240290 3157362 19027522 22684732 10191636 10691484 8835886 11993248 TO FURTHER THE ECONOMIC DEVELOPMENT OF TEXAS BY PROMOTING AND ASSISTING IN THE GROWTH AND DEVELOPMENT OF SMALL BUSINESS CONCERNS AND TO ASSIST IN THE DEVELOPMENT OF AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME FAMILIES. false false 3284194 1699732 1235907 BUSINESS LENDING - THE ORGANIZATION PROCESSES AND SERVICES SBA GUARANTEED LOANS FOR SMALL BUSINESSES THAT DO NOT QUALIFY FOR CONVENTIONAL FINANCING. LOANS ARE MADE TO SMALL BUSINESSES FROM GRANT FUNDS AND CONTRIBUTIONS FROM VARIOUS BUSINESSES AND LOCAL GOVERNMENTS AS WELL AS INTEREST EARNINGS AND PRINCIPAL RETURNED TO THE LOAN FUND POOL. DURING FISCAL YEAR 2019, THE ORGANIZATION DISBURSED OVER $13 MILLION IN LOANS. 260188 0 142233 COMMUNITY DEVELOPMENT - THE ORGANIZATION COUNSELED OVER 1,000 FAMILIES ON HOME FORECLOSURE AND MITIGATION, AND OVER 800 BUSINESSES WITH MANAGEMENT COUNSELING, BUSINESS MARKETING, GROWTH STRATEGIES, AND GENERAL BUSINESS START UP AND DEVELOPMENT. 454574 0 0 HOUSING AND HOME OWNERSHIP - THE ORGANIZATION HELPS FAMILIES SECURE A HOME OF THEIR OWN AND BUILD THEIR ASSETS. THE ORGANIZATION'S SPECIALISTS WORK TO BUILD A CUSTOMIZED PLAN WITH CLIENTS TO HELP THEM ACHIEVE THEIR GOALS AT THEIR OWN PACE. 3998956 true true false false false false false false false false true false true true true false false true false false false false false false false false false true true true false false false false false false false false false false false false false true false false false true 7 0 true 19 true false false false false false false false false false false X 9 8 false false false false false false false true true false false true true true true true true true true false X ROSA RIOS-VALDEZ 5129129884 1011 SAN JACINTO 500 AUSTIN TX 78701 DAVID BRENNAN PRESIDENT 3.00 X 0 0 0 DAVID SALINAS CHAIR ELECT 3.00 X 0 0 0 HARRY LOOKNANAN JR TREASURER 1.00 X 0 0 0 LIZ ALLEN SECRETARY 1.00 X 0 0 0 WILLIAM SUTHERLAND DIRECTOR 1.00 X 0 0 0 STACY BOWERS DIRECTOR 1.00 X 0 0 0 LARRY DOVALINA DIRECTOR 1.00 X 0 0 0 MELISSA CHAMRAD DIRECTOR 1.00 X 0 0 0 DORA ZAPATA DIRECTOR 1.00 X X 0 0 0 ROSA RIOS-VALDEZ EXECUTIVE DIRECTOR 40.00 X 150000 0 18417 150000 0 18417 1 false true false 0 584209 5651974 6236183 LOAN INTEREST INCOME 525990 826367 0 0 LOAN SERVICING FEES 525990 159383 0 0 LOAN PROCESSING FEES 525990 225214 0 0 CONTRACT INCOME 525990 14356 0 0 HOMEBUYER COUNSELING 525990 142233 0 0 10587 0 0 1378140 19594 0 19594 7633917 1378140 0 19594 1699732 1699732 888445 674861 213584 0 29178 20611 8567 0 66090 46683 19407 0 66719 47127 19592 0 31142 31142 0 0 80388 20400 59988 0 36950 21536 15414 0 31934 23030 8904 0 65969 45860 20109 0 20440 20440 0 0 357157 329230 27927 0 22095 19967 2128 0 15570 11718 3852 0 286981 260038 26943 0 30608 15688 14920 0 19820 10991 8829 0 BAD DEBT PROVISION 383862 374112 9750 0 LOAN SERVICING EXPENSE 216030 216030 0 0 REPAIRS & MAINTENANCE 31307 29270 2037 0 DUES & SUBSCRIPTIONS 27188 23476 3712 0 68950 57014 11936 0 4476555 3998956 477599 0 6668460 2396493 535252 1193634 128154 84344 7567269 7850793 20336 23673 276537 57913 237856 218624 300000 300000 1997954 7419485 15042 12667 1557199 3185019 19027522 22684732 101152 89343 291500 677600 2261470 3282973 7425295 6506526 112219 135042 10191636 10691484 X 7790235 10729344 1045651 1263904 8835886 11993248 19027522 22684732 3157362 X false true X false true true X 0 4916875 1699569 4146069 2084404 6236183 19083100 0 0 4916875 1699569 4146069 2084404 6236183 19083100 0 19083100 5580 7936 22499 34533 19594 90142 0 0 19173242 6087762 0.99530 0.99540 X 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 248770 40106 208664 27767 17807 9960 218624 FORGIVABLE LOANS 4919485 C LOAN POOL INVESTMENT 2500000 C 7419485 INTEREST RECEIVABLE 107289 RESTRICTED CASH 2924946 DUE FROM AFFILIATE 152784 3185019 PAYABLE TO CITY PARTICIPANTS 142789 DUE TO AFFILIATE 0 DEPOSITS & ESCROW LIABILITIES -7747 135042 true 1 0 FORGIVEN LOANS 1074 1699732 0 BOOK SEE PART IV Pt I Line 2 PROGRAM DIRECTORS MAINTAIN CLIENT FILES THAT CONTAIN ELIGIBILITY AND Pt I Line 2 SELECTION CRITERIA. THESE ARE MONITORED BY FUNDING AGENCIES ON VARYING Pt I Line 2 ANNUAL AND BI-ANNUAL CYCLES THROUGH COMPLIANCE MONITORING VISITS. Pt III, col (b) CEN-TEX PROVIDED FORGIVABLE SECOND MORTGAGE AND DOWN PAYMENT Pt III, col (b) ASSISTANCE LOANS TO 1,074 QUALIFIED INDIVIDUALS IN TEXAS IN 2020. X X X X X false false false false false false false false false ROSA RIOS-VALDEZ 150000 0 0 0 0 0 3000 0 15417 0 168417 0 3000 0 Pt VI, Line 11b THE EXECUTIVE DIRECTOR AND CHIEF FINANCIAL OFFICER REVIEW Pt VI, Line 11b THE FORM 990, WHICH IS THEN SUBMITTED TO THE BOARD FOR Pt VI, Line 11b REVIEW PRIOR TO FILING. Pt VI, Line 12c POTENTIAL CONFLICTS OF INTEREST ARE MONITORED BY AN Pt VI, Line 12c ANNUAL CHECK ON RECEIVING THE SIGNED CODE OF ETHICS FROM Pt VI, Line 12c DIRECTORS AND KEY EMPLOYEES. Pt VI, Line 15a THE EXECUTIVE DIRECTOR'S COMPENSATION IS REVIEWED AND Pt VI, Line 15a APPROVED BY THE BOARD OF DIRECTORS. Pt VI, Line 15b OTHER OFFICERS AND KEY EMPLOYEES COMPENSATION FOLLOWS Pt VI, Line 15b A PAY SCALE. PAY RAISES AND STARTING PAY FOR OTHER Pt VI, Line 15b OFFICERS AND KEY EMPLOYEES ARE APPROVED BY THE Pt VI, Line 15b EXECUTIVE DIRECTOR. Pt VI, Line 19 GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS Pt VI, Line 19 ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST FROM Pt VI, Line 19 MANAGEMENT. GRAND CENTRAL TEXAS DEVELOPMENT 1011 SAN JACINTO 500 AUSTIN TX 78701 311748289 AFFORDABLE HOUSING RENTAL TX 501(C)(3) 170(B)(1)(A)VI CEN-TEX CDC false SALUD ES VITA CORPORATION 1011 SAN JACINTO 500 AUSTIN TX 78701 461441793 OLIVE OIL PRODUCTION TX CEN-TEX CDC C 1.00000 false false false false false true false false false false false true false false false true false false false false GRAND CENTRAL TEXAS DEVELOPMENT E 218835 AGREEMENT BETWEEN ORGANIZATIONS GRAND CENTRAL TEXAS DEVELOPMENT K 252725 AGREEMENT BETWEEN ORGANIZATIONS GRAND CENTRAL TEXAS DEVELOPMENT O 120144 AGREEMENT BETWEEN ORGANIZATIONS