2020-05-12T20:12:21-04:00 2019-06-30 Bankole Okoye & Associates PC 11511 Katy Freeway Suite 501 Houston TX 77079 990 2018-07-01 760216784 Houston Business Development Inc HOUS 5330 Griggs Road Houston TX 77021 Marlon Mitchell President 7138452148 2019-11-12 true Abiodun Bankole P00121218 2817407900 2020-05-12 X 50.78.220.206 2020-05-14 18:20:25 79921120201354p0e3ap 2020-05-14 P 730E37085029E4BA375CD0CE6DFE69A5E658A761 730E37085029E4BA375CD0CE6DFE69A5E658A761 2018 2020-09-23 17:36:50Z Marlon Mitchell 3092672 false X www.hbdi.org X 1986 TX To stimulate economic growth, support the expansion of small businesses, combat community deterioration and foster employment opportunities for low-moderate income citizens by providing flexible small business loans & office space at reasonable rents to businesses. 14 14 14 0 0 0 1795284 1933696 0 242050 1158976 2037334 3092672 0 0 1259193 1251702 0 0 1264074 1590887 2523267 2842589 -485933 250083 11456685 11996745 1493048 1539073 9963637 10457672 To stimulate economic growth, support the expansion of small businesses, combat community deterioration and foster employment opportunities for low-moderate income citizens by providing flexible small business loans & office space at reasonable rents to businesses. false false 2833721 1933696 Houston Business Development, Inc. (HBDi) is a Texas non-profit 501(c)(3) corporation established by the City of Houston (the City) in 1986 to stimulate economic growth, support the expansion of small businesses, combat community deterioration and foster employment opportunities for low-moderate income citizens by providing affordable, flexible small business loans, office space at reasonable rents at its Business Technology Center (BTC or Palm Center) and an array of other business support services, designed to enhance the growth and success of small businesses in the Houston metropolitan area and surrounding counties. 2833721 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 44 0 14 true false false false false false false false false false false false false false false X 14 14 false false false false false false false true true false false false true true true true true true false false X Marlon Mitchell 7138452418 5330 Griggs Road Houston TX 77021 X Larry Hawkins Chirman 2.00 0.00 X X 0 0 0 Phillip Aitsebaomo Vice Chairman 2.00 0.00 X X 0 0 0 Ziwadi Bryant Treasurer 2.00 0.00 X X 0 0 0 Raymond Bourgeois Director 2.00 0.00 X 0 0 0 Ken Bolton Director 2.00 0.00 X 0 0 0 Algenita Scott Davis Director 2.00 0.00 X 0 0 0 Clark Lord Director 2.00 0.00 X 0 0 0 Nasr Khan Director 2.00 0.00 X 0 0 0 George Johnson Director 2.00 0.00 X 0 0 0 Richard Chappell Director 2.00 0.00 X 0 0 0 Pearl Wright Director 2.00 0.00 X 0 0 0 Benny Rodriguez Secretary 2.00 0.00 X X 0 0 0 Mike Kacal Director 2.00 0.00 X 0 0 0 Machael Trejo Director 2.00 0.00 X 0 0 0 Marlon Mitchell President & CEO 40.00 0.00 X X 0 0 0 0 0 0 0 false false false Leased office space 532000 1539330 1539330 Lending & related servi 522299 394366 394366 1933696 Other income 522299 68976 68976 Grants 522299 1090000 1090000 1158976 3092672 3092672 0 0 X 866122 866122 317501 317501 68079 68079 156728 156728 323276 323276 933 933 77678 77678 350999 350999 167570 167570 Building repairs & maintenan 109737 109737 Equipment lease & repairs 33162 33162 Telephone & Other communicat 4913 4913 Supplies 25968 25968 339923 331055 8868 2842589 2833721 8868 0 1632752 1213673 26316 26316 499100 4970157 5284029 65541 11961017 8772244 3403936 3188773 1357983 1784854 11456685 11996745 147709 219665 12497 405 1153096 1219729 179746 99274 1493048 1539073 X 9963637 10457672 9963637 10457672 11456685 11996745 X 250083 243952 X false false false X 1715953 1740431 3810240 2037334 3092672 12396630 1715953 1740431 3810240 2037334 3092672 12396630 12396630 1715953 1740431 3810240 2037334 3092672 12396630 1.00000 1.00000 0.00000 0.00000 X 692300 692300 10881867 8465199 2416668 386850 307045 79805 3188773 Property held for sale 1708737 Other Receivables 76117 1784854 Refundable deposits 94171 Cash held for others 5103 99274 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. Explanation of other changes in net assets or fund balances Part XI line 9 This is a reconciling balance. It will be eliminated when the return is amended using audited balances. List of other fees for services expenses Part IX line 11g Contract services $26,346Payroll services $17,946Property management $56,907Professional services $55,529 List of other expenses Part IX line 24e Printing and Publication $1,494Postage $1,064Loan loss reserves and bad debt $219,419Bank and other charges $13,881Miscellaneous $81,343