MIDLAND COMMUNITY HOUSING DEVELOPMENT ORGANIZATION

EIN: 753034693 501(c)(3) Housing & Shelter

MIDLAND, TX

Total Revenue
$680,549
Total Expenses
$829,672
Total Assets
$338,656
Net Assets
$-266,460
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
TX
Principal Officer
JERRY MORALES
Phone
4326822520
Tax Period
2023-01-01 to 2023-12-31

MIDLAND COMMUNITY HOUSING DEVELOPMENT ORGANIZATION, founded in 2002, is a small nonprofit in the Housing & Shelter sector that reported $681K in total revenue in fiscal year 2023. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $830K exceeded revenue, resulting in a 22% operating deficit.

Mission

TO SUPPORT MIDLAND COMMUNITY DEVELOPMENT CORPORATION IN PROVIDING HOUSING IN ECONOMICALLY DEPRESSED AREAS OF MIDLAND, TEXAS.

Program Service Accomplishments

Program 1
Expenses: $792,329 Revenue: $670,248

THE ORGANIZATION SEEKS TO PROVIDE DECENT, SAFE, AND AFFORDABLE HOUSING TO MODERATE, LOW, AND VERY LOW INCOME FAMILIES IN MIDLAND, TEXAS. THE ORGANIZATION COMPLETED 2 HOUSES DURING 2023.

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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 $670,248
Investment Income $0
Other Revenue $10,301
TOTAL REVENUE $680,549

Expense Breakdown

Grants Paid $0
Salaries & Benefits $167,815
Fundraising Expenses $0
Program Expenses $792,329
Other Expenses $661,857
TOTAL EXPENSES $829,672

Year-over-Year Comparison

2023 2022 Change
Revenue $680,549 $1,751,250 -0.6%
Expenses $829,672 $1,550,792 -0.5%
Net Income $-149,123 $200,458 -1.7%
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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Governance

Voting Members
11
Independent Members
11
Employees
4
Volunteers
11

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
3
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRAD BULLOCK CHAIRMAN 0.19
Officer Director
$0 $0 $0
ERIC WESPHAL TREASURER 0.19
Officer Director
$0 $0 $0
GILBERT ABILA DIRECTOR 0.15
Director
$0 $0 $0
MARCEL CAMPOS DIRECTOR 0.11
Director
$0 $0 $0
BRENDA E CORDERO DIRECTOR 0.17
Director
$0 $0 $0
CHRISTOPHER J EDGMON DIRECTOR 0.16
Director
$0 $0 $0
SANDRA JAVELLY DIRECTOR 0.09
Director
$0 $0 $0
JERRY MORALES DIRECTOR 0.08
Director
$0 $0 $0
AUSTIN NELSON DIRECTOR 0.18
Director
$0 $0 $0
IRMA QUIROZ DIRECTOR 0.15
Director
$0 $0 $0
LUIS SANCHEZ DIRECTOR 0.09
Director
$0 $0 $0
DAVID DIAZ EX DIR JAN - 20.00
Director
$0 $0 $0
SANDRA TORRES EXECUTIVE DI 20.00
Officer
$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
2023 $727,640 $881,704 $426,139 $-154,064
2023 $680,549 $829,672 $338,656 $-149,123
2022 $1,751,250 $1,550,792 $148,737 $200,458
2021 $667,477 $813,998 $681,776 $-146,521
2020 $1,050,464 $1,175,984 $347,219 $-125,520
2019 $1,663,255 $1,274,555 $576,091 $388,700
2018 $614,322 $901,733 $335,075 $-287,411
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