2020-07-06T15:18:44-05:00 2019-08-31 760488832 MCCONNELL & JONES LLP 4828 LOOP CENTRAL DR STE 1000 HOUSTON TX 770812222 990 2018-09-01 821289703 SER QALICB SERQ 7137736000 1710 TELEPHONE ROAD HOUSTON TX 77023 SHEROO MUKHTIAR EXECUTIVE DIRECTOR 7137736000 2020-06-11 THOMAS JONES JR P00181555 7139681600 2020-06-16 172.127.130.203 2020-07-06 15:18:44 CD P BF759CAD80100E30FED73A090152F62D2AE3C971 1B77D8A3D367FDC8A17102535B44EF6EB36D8986 2018 2021-01-29 14:40:06Z SHEROO MUKHTIAR 1710 TELEPHONE ROAD HOUSTON TX 77023 106201 false X WWW.SERHOUSTON.ORG X 2017 TX SER QALICB WILL PARTICIPATE IN A NEW MARKETS TAX CREDIT ("NMTC") TRANSACTION TO COMPLETE THE FINANCING OF THE RENOVATION OF A 22,000 SQUARE FOOT OFFICE BUILDING THAT WILL HOUSE SER JOBS FOR PROGRESS OF THE TEXAS GULF COAST, A TEXAS NONPROFIT CORPORATION, WHICH WILL PROVIDE THE COMMUNITY WITH ACCESS TO CAREER TRAINING, FINANCIAL EMPOWERMENT SERVICES, AND DIRECT ACCESS TO JOBS, LOCATED AT 1710 TELEPHONE ROAD, HOUSTON, TEXAS 77023. 3 3 0 0 0 0 0 16767 106201 16767 106201 0 0 0 0 0 208807 498996 208807 498996 -192040 -392795 10517300 9253202 10415449 9544145 101851 -290943 X SER QALICB WILL PARTICIPATE IN A NEW MARKETS TAX CREDIT ("NMTC") TRANSACTION TO COMPLETE THE FINANCING OF THE RENOVATION OF A 22,000 SQUARE FOOT OFFICE BUILDING THAT WILL HOUSE SER JOBS FOR PROGRESS OF THE TEXAS GULF COAST, A TEXAS NONPROFIT CORPORATION, WHICH WILL PROVIDE THE COMMUNITY WITH ACCESS TO CAREER TRAINING, FINANCIAL EMPOWERMENT SERVICES, AND DIRECT ACCESS TO JOBS, LOCATED AT 1710 TELEPHONE ROAD, HOUSTON, TEXAS 77023. false false 423756 TO PROVIDE AND GENERATE TAX CREDITS CALLED NEW MARKETS TAX CREDITS. 423756 true false false false false false false false false false true false false false true true false true 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 true false false false true 0 0 0 false false false false false false false false false false false false X 3 3 false false false false false false false true true false false true false false false false false false X X GERALD EATON 7137736000 1710 TELEPHONE ROAD HOUSTON TX 77023 JOSE VILLAREAL CHAIRMAN 1.00 X 0 0 0 FABIAN TOLEDO TREASURER 1.00 X 0 0 0 CRUZ HINOJOSA DIRECTOR 1.00 X 0 0 0 SHEROO MUKHTIAR EXECUTIVE DI 1.00 40.00 X 0 93175 0 KATHY FOUNTAIN FORMER DIREC 0.00 40.00 X 0 130427 0 JOANIE WENTZ FORMER SECRE 0.00 40.00 X 0 124735 0 348337 true false false 106201 106201 106201 106201 106201 106201 X 3500 3500 52417 52417 72900 72900 350856 350856 MISC EXPENSES 19323 19323 498996 423756 75240 0 956755 302289 9320802 369889 9255657 8950913 304888 10517300 9253202 695449 105319 9720000 9720000 -281174 10415449 9544145 X 101851 -290943 101851 -290943 10517300 9253202 -392795 1 X false true X true false X X X 1 SER-JOBS FOR PROGRESS OF THE TEXAS GULF COAST INC 741590387 7 true 0 0 1 0 true false false false false false false false false false false false false false false true true true X true false 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). TWO OFFICERS OF SER-JOBS ARE ACTIVE VOTING DIRECTORS ON THE SER-QALICB BOARD. 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 IS ENABLING 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. 8607835 251061 8356774 712967 118828 594139 8950913 UNAMORTIZED CLOSING COSTS -281174 -281174 X 7161175 7161176 7161176 -1 106202 106202 106201 6938199 6439203 6439203 498996 498996 SCHEDULE D, PAGE 3, PART X SER-JOBS, SER QALICB AND SERCDC 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, 2019, 2018 AND 2017, MANAGEMENT OF SER BELIEVES THERE WERE NO UNCERTAIN TAX POSITIONS TO BE RECOGNIZED OR RECORDED. SCHEDULE D, PAGE 4, PART XI, LINE 2D REVENUE FROM SUBSIDIARIES 7,161,176 SCHEDULE D, PAGE 4, PART XI, LINE 4B INTERCOMPANY TRANSACTIONS 106,202 SCHEDULE D, PAGE 4, PART XII, LINE 2D EXPENSES FROM SUBSIDIARIES 6,439,203 SCHEDULE D, PAGE 4, PART XIII PARTS XI AND 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. false false false false false false false false false KATHY FOUNTAIN FORMER DIRECTOR 130427 130427 JOANIE WENTZ FORMER SECRETARY 124735 124735 FORM 990 - ORGANIZATION'S MISSION SER QALICB WILL PARTICIPATE IN A NEW MARKETS TAX CREDIT ("NMTC") TRANSACTION TO COMPLETE THE FINANCING OF THE RENOVATION OF A 22,000 SQUARE FOOT OFFICE BUILDING THAT WILL HOUSE SER JOBS FOR PROGRESS OF THE TEXAS GULF COAST, A TEXAS NONPROFIT CORPORATION, WHICH WILL PROVIDE THE COMMUNITY WITH ACCESS TO CAREER TRAINING, FINANCIAL EMPOWERMENT SERVICES, AND DIRECT ACCESS TO JOBS, LOCATED AT 1710 TELEPHONE ROAD, HOUSTON, TEXAS 77023. FORM 990, PAGE 6, PART VI, LINE 11B BOARD MEMBERS ARE PROVIDED A COPY OF THE FORM 990 AND HAVE AN OPPORTUNITY TO ASK QUESTIONS. FORM 990, PAGE 6, PART VI, LINE 19 FINANCIAL STATEMENTS AND OTHER DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING FEES 0 52,417 0 SER-JOBS FOR PROGRESS OF THE TEXAS 1710 TELEPHONE ROAD HOUSTON TX 77023 741590387 TRAINING TX 501C3 7 N/A false SER COMMUNITY DEVELOPMENT CORPORATI 1710 TELEPHONE ROAD HOUSTON TX 77023 760366183 COMMUNITY TX 501C3 10 N/A false false false false false false false false false false true false false false false false false false false false SER-JOBS FOR PROGRESS OF THE TEXAS J 106201 CASH - FACILITY LEASE