2019-07-17T21:31:22-05:00 2018-08-31 721396621 CARR RIGGS & INGRAM LLC TWO RIVERWAY 15TH FLOOR HOUSTON TX 77056 990 2017-09-01 821289703 SER QALICB SERQ 7137736000 1710 TELEPHONE ROAD HOUSTON TX 77023 SHEROO MUKHTIAR DIRECTOR 7137736000 2019-07-17 1 KRISTEN SIMPSON P01268482 7136218090 2019-07-03 99.76.23.185 2019-07-17 13:39:44 CD P C53B5114EEE789C56597D735240B7FBD269EC36A C6BF58C8DCA40F0BC590A3D5319EDD9D3BE76863 2017 2019-02-21 02:37:17Z SHEROO MUKHTIAR 1710 TELEPHONE ROAD HOUSTON TX 77023 16767 0 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 CERTAIN REAL PROPERTY LOCATED AT 1710 TELEPHONE ROAD, HOUSTON, TEXAS 77023. 5 5 0 0 0 0 0 0 0 0 0 0 0 16767 0 16767 0 0 0 0 0 0 0 0 0 7500 208807 7500 208807 -7500 -192040 10706388 10517300 10412497 10415449 293891 101851 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 CERTAIN REAL PROPERTY LOCATED AT 1710 TELEPHONE ROAD, HOUSTON, TEXAS 77023. 0 0 161277 TO PROVIDE AND GENERATE TAX CREDITS CALLED NEW MARKETS TAX CREDITS. 161277 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 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 5 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 X X GERALD EATON - CFO CPA 7137736000 1710 TELEPHONE ROAD HOUSTON TX 77023 KATHY FOUNTAIN DIRECTOR 1.00 40.00 X 0 109007 0 JOANIE WENTZ SECRETARY 1.00 40.00 X 0 108958 0 JOSE VILLARREAL CHAIRMAN 1.00 0.00 X 0 0 0 CARTER STERN VICE CHAIRMAN 1.00 0.00 X 0 0 0 FABIAN TOLEDO TREASURER 1.00 0.00 X 0 0 0 NORY ANGEL SER-JOBS CEO/PRESIDENT 1.00 40.00 X 0 194112 0 0 412077 0 2 0 1 0 0 16767 0 16767 16767 16767 16767 0 0 16767 X 3000 3000 44530 44530 118530 118530 42747 42747 208807 161277 47530 0 7409075 956755 9298405 42748 3297313 9255657 0 304888 10706388 10517300 692497 695449 9720000 9720000 10412497 10415449 X 293891 101851 293891 101851 10706388 10517300 -192040 0 X 0 1 X 1 0 X X X 1 SERJOBS FOR PROGRESS OF THE TEXAS GULF COAST INC 741590387 7 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X 1 0 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. 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. 8585438 42748 8542690 712967 712967 9255657 X 9892395 9892395 9892395 0 16767 16767 16767 6068375 5859568 5859568 208807 0 208807 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, 2018 AND 2017, MANAGEMENT OF SER BELIEVES THERE WERE NO UNCERTAIN TAX POSITIONS TO BE RECOGNIZED OR RECORDED. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE FROM SUBSIDIARIES 9,892,395. PART XI, LINE 4B - OTHER ADJUSTMENTS: INTERCOMPANY TRANSACTIONS 16,767. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FROM SUBSIDIARIES 5,859,568. PARTS XI AND XII THE AUDITED FINANCIAL STATEMENTS ARE CONSOLIDATED FOR SER-JOBS FOR PROGRESS AND SER CDC & QALICB, BOTH SUBSIDIARIES. SER CDC IS A TAX EXEMPT ENTITY, WHO WILL FILE A SEPARATE FORM 990. SER QALICB IS A HOLDING ENTITY FOR NEW MARKET TAX CREDITS, WHO WILL FILE A SEPARATE FORM 990. AMOUNTS FOR REVENUES AND EXPENDITURES FOR SER CDC & SER QALICB HAD TO BE REMOVED FROM THE AUDITED STATEMENTS SO THAT THE STATEMENTS REFLECT THE FINANCIAL CONDITION PRIOR TO THE ELIMINATIONS BETWEEN ENTITIES DUE TO CONSOLIDATION. 0 0 0 0 0 0 0 0 0 NORY ANGEL SER-JOBS CEO/PRESIDENT 0 194112 0 0 0 0 0 0 0 0 0 194112 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 C, LINE 19 FINANCIAL STATEMENTS AND OTHER DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER FEES-MNGMNT-990: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 44,530. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 44,530. SER-COMMUNITY DEVELOPMENT CORPORATION 201 BROADWAY ST HOUSTON TX 77012 760366183 COMMUNITY DEVELOP. TX 501(C)(3) LINE 10 0 SER-JOBS FOR PROGRESS OF THE TEXAS GULF 201 BROADWAY ST HOUSTON TX 77012 741590387 TRAINING & SUPPORT TX 501(C)(3) LINE 7 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 SER-JOBS FOR PROGRESS OF THE TEXAS GULF K 16767 CASH - LAND LEASE