SER COMMUNITY DEVELOPMENT CORPORAT… - Form 990 Financial Data

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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

2016

Legal Domicile

Principal Officer

LILIANA RAMBO

Phone

7137736000

Tax Period

2023-09-01 to 2024-08-31

SER COMMUNITY DEVELOPMENT CORPORATION, founded in 2016, is a small nonprofit in the Housing & Shelter sector that reported $286K in total revenue in fiscal year 2023. Revenue surged 107% from the prior year, signaling strong growth momentum. Expenses of $320K exceeded revenue, resulting in a 12% operating deficit.

Mission

SER CDC IS ORGANIZED AND AT ALL TIMES SHALL BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND/OR TO CARRY OUT THE PURPOSES OF SER-JOBS FOR PROGRESS OF THE TEXAS GULF COAST, INC.

Program Service Accomplishments

Program 1

Expenses: $319,866

TO SUPPORT THE MISSION OF SER JOBS THROUGH THE CREATION OF INCOME FROM INVESTMENTS, INCLUDING IN ENTREPRENEURIAL VENTURES.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $285,957

Other Revenue $0

TOTAL REVENUE $285,957

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $319,866

Other Expenses $319,871

TOTAL EXPENSES $319,871

Year-over-Year Comparison

	2023	2022	Change
Revenue	$285,957	$138,054	+1.1%
Expenses	$319,871	$65,325	+3.9%
Net Income	$-33,914	$72,729	-1.5%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

$417,106

Total Directors

$241,064

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE ROSENCRANZ	CHAIRMAN	2.00	Officer Director	$0	$0	$0
SHEROO MUKHTIAR	DIRECTOR (CEO, SER JOBS)	2.00	Officer Director	$0	$7,031	$241,064
ESTELLA GONZALEZ	SECRETARY	2.00	Director	$0	$0	$0
SAIED ALAVI	DIRECTOR	2.00	Director	$0	$0	$0
READ BOLES	DIRECTOR	2.00	Director	$0	$0	$0
JOHN TORRES	DIRECTOR (CFO, SER JOBS)	2.00	Officer	$0	$0	$53,172
GERALD EATON	DIRECTOR (CFO, SER JOBS)	2.00	Officer	$0	$12,386	$122,870

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	$285,957	$319,871	$4,228,284	$-33,914
2023	$138,054	$65,325	$4,315,373	$72,729
2022	$3,154,468	$160,806	$4,202,790	$2,993,662
2021	$441,525	$165,346	$1,290,995	$276,179
2020	$347,750	$204,218	$1,173,319	$143,532
2019	$197,914	$256,532	$1,265,083	$-58,618
2018	$297,656	$257,923	$1,388,815	$39,733

SER COMMUNITY DEVELOPMENT CORPORATION