Community Development Corporation Of Freedmens Town in Houston, Texas (TX)

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Community Development Corporation Of Freedmens Town
Employer Identification Number (EIN)760265004
Name of OrganizationCommunity Development Corporation Of Freedmens Town
In Care of NameDarrell J Patterson
Address1320 Robin Street Suite A, Houston, TX 77019
ActivitiesLow and moderate income housing
SubsectionCharitable Organization
Ruling Date10/1989
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2012
Assets$100,000 to $499,999
Income$10,000 to $24,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$125,000
Amount of Income$10,000
Form 990 Revenue Amount$500


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Financial snapshot ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2013
Total revenue$500
Contributions, gifts, grants, and similar amounts received$10,000
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
Investment income$0
Gain/Loss from sale of assets other than inventory$0
Net income/loss from gaming and fundraising events$-9,500
Gross income from gaming$0
Gross income from fundraising events$0
Less: direct expenses from gaming and fundraising events$9,500
Gross profit/loss from sales of inventory$0
Other revenue$0
Total expenses$5,000
Total net assets$125,000
Excess/Deficit for the year$-4,500
Net assets or fund balances at beginning of year$129,500
Other changes in net assets or fund balances$0
Net assets or fund balances at end of year$-4,500
Balance Sheets
2013
Total assets$125,000
Total liabilities$0
Net assets or fund balances$125,000
Other Information
2013
Did the organization engage in any significant activity not previously reported to the IRS?No
Were any significant changes made to the organizing or governing documents?No
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Has the organization filed a Form 990-T for the year?No
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?No
Amount of political expenditures, direct or indirect$0
Did the organization file Form 1120-POL for this year?No
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?No
Total amount involved$0
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?No
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
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