2025-04-02T18:11:22-05:00 2024-09-30 742902112 MONTEMAYOR BRITTON BENDER CAREY PC 2110 B Boca Raton Suite B 102 Austin TX 78747 990 2023-10-01 861446893 Austin Economic Development Corporation AUST 5124316271 PO Box 81847 Austin TX 78708 Theresa Alvarez President and CEO 2025-04-01 false Arturo Montemayor III P01388530 5124420380 2025-04-01 2023 2025-03-06 01:10:19Z X X Rally Austin Theresa Alvarez 301 W 2nd Street Ste 2030 Austin TX 78701 4252999 false X rallyaustin.org X 2020 TX The Austin Economic Development Corporation stewards public and private real estate assets to create inclusive community benefits and equitable economic outcomes for Austin. 19 19 6 20 0 0 2070301 3771289 0 64150 14428 417560 0 0 2084729 4252999 0 0 0 0 699942 951525 0 0 0 793578 1235826 1493520 2187351 591209 2065648 3390935 11962205 2808377 8149749 582558 3812456 The Austin Economic Development Corporation stewards public and private real estate assets to create inclusive community benefits and equitable economic outcomes for Austin. false false 1396964 64150 In October 2020, recognizing the increasing pressures of rising real estate prices on affordability, equity, and the City's iconic venues and small businesses, the City of Austin created Austin Economic Development Corporation. AEDC is a Public Real Estate Developer, working for purpose instead of profits. AEDC can speed the pace of the public response to decreasing affordability and equity by moving at the pace of the market to blend the best of public and private deal-making. AEDC is actively advancing a portfolio of projects now valued at approximately $152.2 million, providing an estimated 277,500 square feet of affordable housing, cultural, and commercial space. Investments on East 11th Street will spur increased activity within the Black Cultural District supportive of building and retaining culture, small businesses and residents that represent the historic legacy. Additionally, negotiating 10 of the Cultural Trust deals to advance feasible projects, including three being announced publicly. In June 2024, AEDC rebranded as Rally Austin to better reflect its mission and community-driven focus. Organizational documents, including bylaws and board meeting minutes, are now available at rallyaustin.org. Investments on East 11th Street will spur increased activity within the Black Cultural District supportive of building and retaining culture, small businesses and residents that represent the historic legacy. Additionally, negotiating 10 of the Cultural Trust deals to advance feasible projects, including three being announced publicly. In June 2024, AEDC rebranded as Rally Austin to better reflect its mission and community-driven focus. Organizational documents, including bylaws and board meeting minutes, are now available at rallyaustin.org. 1396964 true true false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 false 6 true false false false false false false false false false false false false false false false false false false false false false false false false false 19 19 false false false false false false false true true false false false true true true true true true true true false false X David Colligan 5124316271 301 W 2nd St Austin TX 78701 X Tina Cannon Chair 3 X X 0 0 0 Emmett S Beliveau Treasurer 2 X X 0 0 0 Jeremy Martin Board Member 2 X 0 0 0 Tamara Atkinson Secretary 2 X X 0 0 0 Bradford Patterson Board Member 1 X 0 0 0 Amanda Jasso Board Member 1 X 0 0 0 Carl Settles Chair 1 X X 0 0 0 Awais Azhar Board Member 1 X 0 0 0 David Steinwedell Board Member 1 X 0 0 0 Aaron DeLaO Board Member 1 X 0 0 0 Suchitra Gururaj Board Member 1 X 0 0 0 Cyndi Cummings Board Member 1 X 0 0 0 Sylnovia Holt-Rabb Board Member 1 X 0 0 0 Molly Beth Malcolm Board Member 1 X 0 0 0 Garrett Groves Board Member 1 X 0 0 0 Sharmila Mukherjee Board Member 1 X 0 0 0 Xavier Pena Board Member 1 X 0 0 0 Jeremy Striffler Board Member 1 X 0 0 0 Brad Stein Board Member 1 X 0 0 0 Theresa Alvarez CEO 40 X 220089 0 27200 Ann Gatling Haynes Chief Transactions Officerv 40 X 202247 0 28097 David Colligan COO 40 X 173704 0 21101 596040 0 76398 3 false true false 0 3649789 121500 3771289 64150 64150 64150 417560 417560 0 0 0 0 0 0 0 0 0 0 4252999 64150 0 417560 634194 399542 234652 126892 79942 46950 63171 39798 23373 77745 48978 28767 49523 31199 18324 195423 129765 65658 12731 8021 4710 332966 208281 124685 22580 14225 8355 36886 36886 24519 15447 9072 881 555 326 0 450 284 167 Capital Improvements 368857 232380 136477 Organizational Fees 227860 143552 84308 12673 8109 4563 0 2187351 1396964 790387 0 569612 56253 1007262 1104568 6811 162682 2200000 0 0 1814061 8431891 3390935 11962205 145890 119969 2662487 8029780 2808377 8149749 582558 3623721 582558 3812456 3390935 11962205 2065648 40523 1123727 X false true X true false false X 811442 2070301 3771289 6653032 0 0 0 0 811442 2070301 3771289 6653032 6653032 417560 417560 0 0 7070592 64150 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false 0 false 0 0 0 0 0 false false false 0 0 0 0 0 0 0 0 0 0 0 4293522 40523 40523 4252999 0 4252999 2187351 0 2187351 0 2187351 false false X false false false false false false false false false false Part VI, Line 11b The Form 990 is distributed to the executive committee and board of directors for review prior to filing. Part VI, Line 12c Yes. Officers are instructed in the policy to report potential conflicts, utilize organizational resources as needed to determine in any conflicts exist on an ongoing basis, and recuse themselves from any activity in which a conflict exists or could be perceived and document those matters with staff. Part VI, Line 15b A market analysis was provided for each position. Those at the executive level were based on similar positions in other organizations benchmarked in formative documents for the organization and staff level positions are benchmarked against similar positions in the city, with some alterations from competitive analysis or tenture. Part VI, Line 19 Documents are available on the organization's website or upon request, with instructions provided on the organizations website. Part VII, Line 1a (21) David Colligan was employed by the City of Austin and supported Austin Economic Development Corporation in his role.