2024-02-06T14:17:29-05:00 2022-09-30 752240394 HOLLIDAY LEMONS & COX PC 2001 MOORES LANE TEXARKANA TX 75503 990 2021-10-01 474590611 TAC EAST HOLDINGS COMPANY NO 1 TACE 9032239841 107 CHAPEL LANE NEW BOSTON TX 75570 WILLIAM S NORTON PRESIDENT 9032239841 2024-02-06 true WILLIAM NORTON XXX-XX-XXXX TROY D LEMONS P00504361 9038232727 2024-02-06 2021 2023-04-26 12:10:37Z WILLIAM S NORTON 107 CHAPEL LANE NEW BOSTON TX 75570 564075 false X WWW.TEXAMERICASCENTER.ORG X TITLEHOLDING 2015 TX TO ACT AS A TITLE HOLDING COMPANY FOR TEXAMERICAS CENTER, A POLITICAL SUBDIVISION OF THE STATE OF TEXAS, PURSUANT TO THE AUTHORITY SET FORTH IN SECTION 3503.111 OF THE SPECIAL DISTRICT LOCAL LAWS CODE OF THE STATE OF TEXAS. 4 4 0 3 0 583 0 1852152 31775 246904 217866 2099056 250224 0 0 0 0 0 2305148 263379 2305148 263379 -206092 -13155 4113003 6844666 152922 1837221 3960081 5007445 X TO ACT AS A TITLE HOLDING COMPANY FOR TEXAMERICAS CENTER, A POLITICAL SUBDIVISION OF THE STATE OF TEXAS, PURSUANT TO THE AUTHORITY SET FORTH IN SECTION 3503.111 OF THE SPECIAL DISTRICT LOCAL LAWS CODE OF THE STATE OF TEXAS. false false THE ORGANIZATION CURRENTLY HAS ONE MISSION AND THAT IS TO ACT AS A TITLE HOLDING COMPANY FOR TEXAMERICAS CENTER. FOR ALL TWELVE MONTHS OF THE FISCAL YEAR ENDED SEPTEMBER 30, 2022 THE ORGANIZATION FULFILLED THAT MISSION BY MAINTAINING AND LEASING PROPERTY TRANSFERRED TO IT BY TEXAMERICAS CENTER. THE ORGANIZATION'S PROGRAM ACTIVITY IS REFLECTED IN THE COLLECTION OF 527,972 IN LEASE REVENUE AND THE EXPENDITURE OF 263,379 IN THE MANAGEMENT, MAINTENANCE AND IMPROVEMENT OF THIS PROPERTY. false false false false false false false false false true false false true true false true false false false false false false false false false false false false true false false false false false false false false false false false true false false true 0 0 0 false false false false false false false false false false false false X 4 4 false false false false false false false true true false false false true true true false true false false false X HOLLY SLEEK 9032239841 107 CHAPEL LANE 107 CHAPEL LANE NEW BOSTON TX 75570 WILLIAM S NORTON PRESIDENT 2.00 38.00 X 0 286743 28165 ERIC VOYLES VICE PRESIDE 14.00 26.00 X 0 193588 8554 JEFFERY D WHITTEN KEY EMPLOYEE 6.00 34.00 X 0 174733 16193 JOHN MORAN TREASURER 0.50 40.00 X 0 112367 7952 MARLA BYRD SECRETARY 8.00 32.00 X 0 66345 8884 BEN KING DIRECTOR/SEC 0.10 0.25 X 0 0 0 GABE TARR DIRECTOR/VIC 0.10 0.25 X 0 0 0 DENIS R WASHINGTON DIRECTOR/CHA 0.10 0.25 X 0 0 0 833776 69748 false true false 583 583 527972 310106 217866 217866 217866 35520 3745 31775 31775 31775 250224 249641 227906 221068 6838 13680 13680 13815 13815 6374 6374 1604 1604 263379 227442 35937 0 X 276543 789411 14522 4992 7241085 2689254 3821938 4551831 1498432 4113003 6844666 152922 1837221 152922 1837221 X 138143 455614 3821938 4551831 3960081 5007445 4113003 6844666 -13155 1060519 X false true X true false 1095063 1095063 5436166 2397136 3039030 709856 292118 417738 4551831 LEASE RECEIVABLE (GASB 87) 1498432 1498432 DEFERRED INFLOWS RELATED TO LEASES 1441973 DUE TO TEXAMERICAS CENTER 353155 PROPERTY TAX DEPOSITS 27643 SECURITY DEPOSITS 14450 1837221 250224 250224 250224 263379 263379 263379 false false false WILLIAM S NORTON PRESIDENT 169072 84297 33374 28165 314908 ERIC VOYLES VICE PRESIDENT 150349 22538 20701 8554 202142 JEFFERY D WHITTEN KEY EMPLOYEE 137810 20538 16385 16193 190926 FORM 990 - ORGANIZATION'S MISSION TO ACT AS A TITLE HOLDING COMPANY FOR TEXAMERICAS CENTER, A POLITICAL SUBDIVISION OF THE STATE OF TEXAS, PURSUANT TO THE AUTHORITY SET FORTH IN SECTION 3503.111 OF THE SPECIAL DISTRICT LOCAL LAWS CODE OF THE STATE OF TEXAS. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS AVAILABLE FOR INDEPENDENT REVIEW BY THE BOARD OF DIRECTORS. BOARD OFFICERS COMPLETE THE FORM 990 WITH ASSISTANCE FROM THE CPA SELECTED BY THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 12C COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IS ENFORCED BY BOARD REVIEW AND APPROVAL. FORM 990, PAGE 6, PART VI, LINE 19 ALL GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. . FORM 990, PART X PRIOR PERIOD ADJUSTMENTS PRIOR PERIOD ADJUSTMENT 1 DURING THE ORGANIZATION'S FINANCIAL AUDIT FOR FISCAL YEAR END SEPTEMBER 30, 2022, MANAGEMENT IDENTIFIED SEVERAL BUILDINGS AND IMPROVEMENTS THAT WERE OWNED BY THE ORGANIZATION WHICH HAD BEEN CONTRIBUTED IN PRIOR YEARS BY TEXAMERICAS CENTER, AN AFFILIATED GOVERNMENTAL ORGANIZATION, BUT WERE ERRONEOUSLY OMITTED ENTIRELY OR ERRONEOUSLY INCLUDED IN THE ASSETS OF TEXAMERICAS CENTER WHEN THE ORGANIZATION'S SEPTEMBER 30, 2021 FINANCIAL STATEMENTS AND FORM 990 WERE ORIGINALLY PREPARED. PRIOR PERIOD ADJUSTMENT 2 A PRIOR PERIOD ADJUSTMENT WAS ALSO MADE TO RETROACTIVELY APPLY THE EFFECTS OF MANAGEMENT'S CHANGE IN THE METHOD FOR ACCOUNTING FOR LEASES DUE TO THE ADOPTION OF GASB 87. WHEN THE ORGANIZATION'S COMPARATIVE SEPTEMBER 30, 2022 AUDITED FINANCIAL STATEMENTS WERE PRESENTED, THE SEPTEMBER 30, 2021 FINANCIAL STATEMENTS WERE RESTATED TO REFLECT THESE ADJUSTMENTS. THE BEGINNING OF THE YEAR BALANCE SHEET PRESENTED IN PART X AGREES WITH THE ENDING BALANCE SHEET PRESENTED IN PART X OF THE SEPTEMBER 30, 2021 FORM 990 AS ORGINALLY FILED. THE TABLE BELOW PRESENT THE ORIGINAL AMOUNTS, THE CORRECTED AMOUNTS AND THE ADJUSTMENTS FOR SPECFIC LINES OF THE CURRENT YEAR PART X BEGINNING OF YEAR BALANCES THAT WOULD HAVE BEEN CHANGED BY THE PRIOR PERIOD ADJUSTMENTS. PRIOR PERIOD ADJUSTENT 1: CORRECTED ORIGINAL ADJUSTMENT AMOUNT AMOUNT AMOUNT PROPERTY & EQUIP 7,243,525 5,395,485 1,848,040 ACCUMULATED DEPR (2,378,427) (1,573,547) (804,880) LINE 10B COLUMN(A) 4,865,098 3,821,938 1.043,160 LINE 28 COLUMN(A) 4,865,098 3,821,938 1,043,160 PRIOR PERIOD ADJUSTMENT 2: LEASE RECEIVABLE 1,934,087 0 1,934,087 LINE 15 COLUMN(A) 1,934,087 0 1,934,087 DEFERRED INFLOW OF RESOURCES 1,916,728 0 1,916,728 LINE 25 COLUMN(A) 2,069,650 152,922 1,916,728 LINE 27 COLUMN(A) 155,502 138,143 17,359 LINES EFFECTED BY BOTH PRIOR PERIOD ADJUSTMENTS: LINE 16 COLUMN(A) 7,090,250 4,113,003 2,977,247 LINE 26 COLUMN(A) 2,069,650 152,922 1,916,728 LINE 32 COLUMN(A) 5,020,600 3,960,081 1,060,519 LINE 16 COLUMN(A) 7,090,250 4,113,003 2,977,247 LINE 33 COLUMN(A) 7,090,250 4,113,003 2,977,247 PART XI RECONCILIATION OF NET ASSETS: LINE 8 PRIOR PERIOD ADJUSTMENTS 1,060,519 TEXAMERICAS CENTER 107 CHAPEL LANE NEW BOSTON TX 75570 752804233 REDEVELOPM TX NA false false false false false true false false false false false false false false false true true false false false TEXAMERICAS CENTER E 242326 LOANED AMOUNTS TEXAMERICAS CENTER O 227906 ACTUAL COST TEXAMERICAS CENTER P 29099 ACTUAL COST