2025-02-20T01:07:15-05:00 2022-12-31 Bankole Okoye & Associates PC 11511 Katy Freeway Suite 501 Houston TX 77079 990 2022-01-01 760216784 Houston Business Development Inc HOUS 5330 Griggs Road Houston TX 77021 Marlon Mitchell President & CEO 7138452418 2025-02-13 true Abiodun Bankole P00121218 2817417900 2025-02-20 X 2022 2025-03-06 01:10:19Z X Marlon Mitchell 6522503 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 15 0 0 5494664 4284293 2455951 2159217 0 946895 78993 8897510 6522503 0 0 1489830 1301408 0 0 5903765 6185017 7393595 7486425 1503915 -963922 21281356 20157614 3896488 3736668 17384868 16420946 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 6854018 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. 6854018 true false false false false false false false false true false false true true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false true 0 0 15 true false false false 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 true false X Birdie Guillory 7138452418 5330 Griggs Road Houston TX 77021 Marlon Mitchell President & CEO 40.00 0.00 X X 201984 0 24603 Mannaser D Marshall Jr VP Development & Operations 0.00 0.00 X 100097 0 34667 George Johnson Director 1.00 0.00 X 0 0 0 Nasr Khan Director 1.00 0.00 X 0 0 0 Pearl Wright Director 1.00 0.00 X 0 0 0 Mike Kacal Director 1.00 0.00 X 0 0 0 Machael Trejo Director 1.00 0.00 X 0 0 0 Ken Bolton Director 1.00 0.00 X 0 0 0 Raymond Bourgeois Director 1.00 0.00 X 0 0 0 Clark Lord 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 Benny Rodriguez Secretary 1.00 0.00 X X 0 0 0 Ziwadi Bryant Treasurer 1.00 0.00 X X 0 0 0 302081 0 59270 2 false true false Houston Plumbing and Gas LLC 6408 Del Rio St Houston TX 77021 Plumbing Services 103252 Risma Inc 5330 Griggs Road Houston TX 77021 Construction 265623 DSC Risk Services LLC 2990 Richmond Ave Houston TX 77098 Insurance Services 114927 Moody Nolan Inc 300 Spruce Columbus OH 43215 Architectural Serv 158549 Key HTX Development Holdings 315 W Alabama Houston TX 77006 Construction 3799010 5 4284293 4284293 Rental & Service Income 532000 2009256 2009256 Interest Income & Fees 522299 366718 366718 Sale of Properties 900099 600999 600999 Cost of Sale-Properties 900099 -817756 -817756 2159217 Other Income 900099 111496 111496 Cash Contributions 900099 -1800 -1800 Other Income 900099 -30703 -30703 78993 6522503 2238210 0 0 867211 607225 259986 88592 44296 44296 275339 137670 137669 70266 35133 35133 21877 21877 329669 329669 74829 74829 505895 505895 116427 116427 Payments to program benefici 4238940 4238940 Building repairs & maintenan 466952 466952 Professional fees 243622 121811 121811 Equipment purchase lease & 44637 44637 142169 108657 33512 7486425 6854018 632407 0 5242170 3321322 256079 256158 709861 1901003 5555471 5721441 11681256 8063606 4199133 3617650 5318642 5340040 21281356 20157614 214999 147660 3102763 2808523 578726 780485 3896488 3736668 X 15076540 15242026 2308328 1178920 17384868 16420946 21281356 20157614 -963922 0 X false true X true true true X 1093000 1151720 2640000 5494664 4284293 14663677 1948301 2170751 974866 3360330 2159217 10613465 3041301 3322471 3614866 8854994 6443510 25277142 25277142 212465 98569 5777 42516 78993 438320 3253766 3421040 3620643 8897510 6522503 25715462 0.98300 0.98330 0.00000 0.00000 X 692300 692300 10807556 7910619 2896937 93520 85787 7733 87880 67200 20680 3617650 Property development investment 4423158 Rental income & related receivables 93131 Interest receivable 33962 investment in venture 787992 Salary advance 1797 5340040 Refundable deposits 58947 Cash held for others 8371 Line of credit 713167 780485 6522503 6522503 6522503 7486425 7486425 7486425 false false false false false false Marlon Mitchell President & CEO 201984 24603 226587 Amended return information Amended Form 990 for 2022 Tax Year is being filed to update unaudited financial information used in preparing the original return with audited amounts reported in the 2022 fiscal year audited financial statements. 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 Organization determines the compensations of the CEO and highly paid employees using comparable data from other similar organizations as a guide. Other officer or key employee compensation Part VI line 15b The Organization determines the compensation of the CEO, who is also a key employee, 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.