Laguna Vista Community Development Corporation in Laguna Vista, Texas (TX)
Table of contents:
| Laguna Vista Community Development Corporation | |
| Employer Identification Number (EIN) | 742904122 |
| Name of Organization | Laguna Vista Community Development Corporation |
| In Care of Name | David Privett |
| Address | 122 Fernandez St, Laguna Vista, TX 78578-2882 |
| Subsection | Charitable Organization |
| Ruling Date | 04/2000 |
| Deductibility | Contributions are deductible |
| Foundation | Organizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 09/2014 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $287,037 |
| Amount of Income | $55,231 |
| Form 990 Revenue Amount | $55,231 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Urban, Community Economic Development |
Non-representatives - add comments:
Amount of income in 2014: $55,231 (it was $54,502 in 2013)
| Laguna Vista Community Development Corporation: | $55,231 |
| Other organizations performing similar types of work: | $738,131 |
Assets in 2014: $287,037 (it was $256,135 in 2013)
| This organization: | $287,037 |
| Other organizations performing similar types of work: | $2,863,992 |
Expenses in 2013: $5,980
| This organization: | $5,980 |
| Other organizations performing similar types of work: | $653,069 |
Income to expenses ratio in 2013: 9.2
| Laguna Vista Community Development Corporation: | 9.2 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 98.5%
| This organization: | 98.5% |
| Other organizations performing similar types of work: | 37.7% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $45,605 | $53,287 | $54,502 |
| Contributions, gifts, grants, and similar amounts received | $44,609 | $52,493 | $53,688 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $996 | $794 | $814 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $64,307 | $49,415 | $5,980 |
| Total net assets | $166,699 | $209,670 | $256,135 |
| Excess/Deficit for the year | $-18,702 | $3,872 | $48,522 |
| Net assets or fund balances at beginning of year | $185,401 | $166,699 | $209,670 |
| Other changes in net assets or fund balances | $0 | $39,099 | $-2,057 |
| Net assets or fund balances at end of year | $209,670 | $256,135 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $166,699 | $209,670 | $256,135 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $166,699 | $209,670 | $256,135 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | 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 | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $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 | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | 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 supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $234,051 |
| Subtotal Support | $234,051 |
| Gifts, grants, contributions, and membership fees received | $234,051 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $239,856 |
| Public Support | $234,051 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $5,805 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | El Paso Empowerment Zone | 2 Civic Center Plz, El Paso, TX 79901-1153 | TX | 1999-07 | $3,706,844 |
| 2 | Union County Economic Development Corp | 75 Chestnut St, Cranford, NJ 07016-2937 | NJ | 1979-04 | $2,780,218 |
| 3 | Rock Hill Economic Development Corporation | PO BOX 11706, Rock Hill, SC 29731-1706 | SC | 1984-01 | $1,413,791 |
| 4 | Sobro Development Corporation | 555 Bergen Ave, Bronx, NY 10455-1368 | NY | 1983-06 | $671,663 |
| 5 | Watertown Industrial Center Local Development Corporation | 800 Starbuck Avenue, Watertown, NY 13601-1659 | NY | 1995-02 | $470,496 |
| 6 | The Downtown Shareholders Of Kansas City Kansas Inc | 726 Armstrong Ave, Kansas City, KS 66101-2702 | KS | 2008-03 | $456,374 |
| 7 | Ulster County Development Corporation | 5 Development Ct, Kingston, NY 12401-1949 | NY | 1981-03 | $114,394 |
| 8 | Superior Development Corporation | 354 N Commercial Ave, Superior, NE 68978-1724 | NE | 2006-03 | $78,567 |
| 9 | Schenectady Local Development Corp | 105 Jay St, Schenectady, NY 12305-1905 | NY | 1991-03 | $71,135 |
| 10 | Laguna Vista Community Development Corporation | 122 Fernandez St, Laguna Vista, TX 78578-2882 | TX | 2000-04 | $55,231 |
| 11 | Southern Windsor County Incubator Inc | 14 Clinton St Ste 7, Springfield, VT 05156-3302 | VT | 2006-12 | $22,644 |
| 12 | Bay City River Of Lights Festival | 208 E Murphy St, Bay City, MI 48706 | MI | 2008-05 | $0 |
| 13 | Bourbon Community Development Corporation | P O Box 593, Bourbon, MO 65441 | MO | 2007-06 | $0 |
| 14 | Brooks City - Base Foundation Inc | 3201 Sidney Brooks, San Antonio, TX 78235 | TX | 2005-03 | $0 |
| 15 | Center For The Urban Environment | 2116 2nd Ave S, Minneapolis, MN 55404-2606 | MN | 2000-08 | $0 |
| 16 | Christian Economic Coalition Inc | 493 Washington St, Dorchester, MA 02124-2014 | MA | 1994-08 | $0 |
| 17 | Community Capital Development Corporation | PO BOX 1305, Flint, MI 48502 | MI | 1979-04 | $0 |
| 18 | Consortium For Central Harlem Development Inc | 2855 61 Frederick Douglas Blvd, New York, NY 10039-2172 | NY | 1991-02 | $0 |
| 19 | Downtown Revitalization Corporation | 777 S Figueroa St Ste 3200, Los Angeles, CA 90017-5830 | CA | 2002-10 | $0 |
| 20 | Grow Centerville | 307 N 13th Street, Centerville, IA 52544 | IA | 2009-04 | $0 |
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