SOUTH HOUSTON ECONOMIC DEVELOPMENT CORP

EIN: 500020007 501(c)(3) Community Improvement

SOUTH HOUSTON, TX

Total Revenue
$1,338,594
Total Expenses
$1,047,512
Total Assets
$1,575,371
Net Assets
$1,567,371
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2005
Principal Officer
JUDY PAREDEZ
Tax Period
2023-10-01 to 2024-09-30

SOUTH HOUSTON ECONOMIC DEVELOPMENT CORP, founded in 2005, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2023. The organization ran a surplus of $291K, a strong 22% operating margin.

Mission

TO ASSIST AND FUND CITY SERVICE IMPROVEMENT PROJECTS AND TO ENHANCE ECONOMIC DEVELOPMENT IN THE CITY OF SOUTH HOUSTON, TEXAS.

Program Service Accomplishments

Program 1
Expenses: $698,282

TO ENHANCE ECONOMIC DEVELOPMENT AND IMPROVEMENTS IN THE CITY OF SOUTH HOUSTON, TX. VARIOUS PROJECTS ARE SUBMITTED TO THE BOARD OF DIRECTORS FOR THEIR VOTE AND APPROVAL. UPON APPROVAL, FUNDS ARE...

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TO ENHANCE ECONOMIC DEVELOPMENT AND IMPROVEMENTS IN THE CITY OF SOUTH HOUSTON, TX. VARIOUS PROJECTS ARE SUBMITTED TO THE BOARD OF DIRECTORS FOR THEIR VOTE AND APPROVAL. UPON APPROVAL, FUNDS ARE RELEASED TO ASSIST IN PAYING FOR THE PROJECT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,310,700
Investment Income $23,644
Other Revenue $4,250
TOTAL REVENUE $1,338,594

Expense Breakdown

Grants Paid $0
Salaries & Benefits $227,866
Fundraising Expenses $0
Program Expenses $698,282
Other Expenses $819,646
TOTAL EXPENSES $1,047,512

Year-over-Year Comparison

2023 2022 Change
Revenue $1,338,594 $1,280,909 +0.0%
Expenses $1,047,512 $1,072,455 0.0%
Net Income $291,082 $208,454 +0.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
6
Employees
1
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$5,580
Total Directors
5
$5,580
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DIANA GONZALEZ SECRETARY/TR 5.00
Officer Director
$5,580 $0 $5,580
FRANCES GONZALEZ BOARD MEMBER 2.00
Director
$0 $0 $0
ALMA ALANIS VICE CHAIRMA 2.00
Director
$0 $0 $0
JUDY PAREDEZ CHAIRMAN 2.00
Officer Director
$0 $0 $0
THERESA BRYANT BOARD MEMBER 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $1,338,594 $1,047,512 $1,575,371 $291,082
2023 $1,280,909 $1,072,455 $1,406,231 $208,454
2022 $1,189,998 $1,168,487 $1,182,737 $21,511
2021 $1,043,870 $861,112 $1,065,473 $182,758
2020 $990,442 $1,217,995 $855,321 $-227,553
2019 $936,645 $1,135,431 $1,080,353 $-198,786
2018 $927,597 $681,408 $1,191,712 $246,189
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