2026-07-30T14:22:12-05:00 2025-09-30 741130599 PATTILLO BROWN & HILL LLP P O BOX 20725 WACO TX 767020725 990 2024-10-01 270083125 HEART OF TEXAS ECONOMIC DEVELOPMENT DISTRICT INC HEAR 2542921800 1514 S NEW RD WACO TX 76711 RUSSELL DEVORSKY PRESIDENT 2542921800 2026-07-06 1 1 SHARON M HERWALD CPA P00079864 2547724901 2024 2025-03-06 01:10:19Z RUSSELL DEVORSKY 1514 S NEW RD WACO TX 76711 762094 0 X WWW.HOTEDDTX.COM X 2003 TX THE EXEMPT PURPOSE OF THE HEART OF TEXAS ECONOMIC DEVELOPMENT DISTRICT IS TO PROMOTE ECONOMIC GROWTH IN THE HEART OF TEXAS COUNCIL OF GOVERNMENTS REGION IN THE STATE OF TEXAS, TO INCREASE EMPLOYMENT OPPORTUNITIES FOR THE UNEMPLOYED AND UNDEREMPLOYED, TO ASSIST AND COORDINATE ECONOMIC DEVELOPMENT EFFORTS OF LOCAL GOVERNMENTS AND ORGANIZATIONS, TO DEVELOP A COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY FOR THE REGION, TO CONDUCT OTHER ACTIVITIES SUPPORTING THE REGION'S ECONOMIC DEVELOPMENT GOALS AND OBJECTIVES, AND TO EXERCISE ALL OTHER RIGHTS AND POWERS GRANTED TO THE CORPORATION PURSUANT TO THE TEXAS NON-PROFIT CORPORATION ACT. 23 23 0 24 0 0 199900 399846 42509 55149 33263 39598 156244 121413 431916 616006 110520 128377 0 0 0 0 0 0 0 107197 123463 217717 251840 214199 364166 2280356 2566908 645029 567415 1635327 1999493 X THE EXEMPT PURPOSE OF THE HEART OF TEXAS ECONOMIC DEVELOPMENT DISTRICT IS TO PROMOTE ECONOMIC GROWTH IN THE HEART OF TEXAS COUNCIL OF GOVERNMENTS REGION IN THE STATE OF TEXAS, TO INCREASE EMPLOYMENT OPPORTUNITIES FOR THE UNEMPLOYED AND UNDEREMPLOYED, TO ASSIST AND COORDINATE ECONOMIC DEVELOPMENT EFFORTS OF LOCAL GOVERNMENTS AND ORGANIZATIONS, TO DEVELOP A COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY FOR THE REGION, TO CONDUCT OTHER ACTIVITIES SUPPORTING THE REGION'S ECONOMIC DEVELOPMENT GOALS AND OBJECTIVES, AND TO EXERCISE ALL OTHER RIGHTS AND POWERS GRANTED TO THE CORPORATION PURSUANT TO THE TEXAS NON-PROFIT CORPORATION ACT. 0 0 121413 PROVISION OF BUILDINGS - THE HEART OF TEXAS ECONOMIC DEVELOPMENT DISTRICT (HOTEDD) PROVIDES BUILDINGS TO THE HEART OF TEXAS COUNCIL OF GOVERNMENTS (HOTCOG), WHICH IS A REGIONAL GOVERNMENTAL UNIT, AND TO HEART OF TEXAS WORKFORCE DEVELOPMENT, A TAX-EXEMPT ORGANIZATION LOCATED IN THE HOTCOG REGION. THIS ALLOWS THESE ORGANIZATIONS TO FURTHER THEIR EXEMPT PURPOSES OF PROMOTING ECONOMIC GROWTH IN THE HOTCOG REGION AND INCREASING EMPLOYMENT OPPORTUNITIES FOR THE UNEMPLOYED AND UNDEREMPLOYED, WHICH FOLLOW DIRECTLY IN LINE WITH HOTEDD'S EXEMPT PURPOSE. 128377 128377 PROVISION OF GRANTS - THE HEART OF TEXAS ECONOMIC DEVELOPMENT DISTRICT SERVES AS A PASS-THROUGH ENTITY FOR EDA GRANT FUNDS. 22864 55149 PROVISION OF LOANS - THE REVOLVING LOAN PROGRAM IS A SOURCE OF FUNDING FOR BUSINESSES THAT ARE UNABLE TO OBTAIN CONVENTIONAL LOANS. LOAN PROGRAMS FOCUS ON SMALL AND EMERGING PRIVATE BUSINESS ENTERPRISES IN RURAL AREAS AND SMALL OR MICROENTERPRISE BUSINESS IN ELIGIBLE COMMUNITIES. 151241 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 23 23 0 1 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 X HEART OF TEXAS COUNCIL OF GOVERNMENTS 2542921827 1514 S NEW ROAD WACO TX 76711 X CINDY VANLANDINGHAM CHAIR 0.50 X X 0 0 0 DAVID DAVIS VICE CHAIR 0.50 X X 0 0 0 ANDREA KOSAR SECRETARY/TREASURER 0.50 X X 0 0 0 RUSSELL DEVORSKY PRESIDENT 0.50 X X 0 0 0 CALVIN REUTER DIRECTOR 0.50 X 0 0 0 DAMARIS NEELLEY DIRECTOR 0.50 X 0 0 0 ROBERT HAWKINS DIRECTOR 0.50 X 0 0 0 JAY ELLIOTT DIRECTOR 0.50 X 0 0 0 MATTHEW WRIGHT DIRECTOR 0.50 X 0 0 0 CHARLES EATON DIRECTOR 0.50 X 0 0 0 JUSTIN LEWIS DIRECTOR 0.50 X 0 0 0 ART MANN DIRECTOR 0.50 X 0 0 0 IGNACIO VAZQUEZ DIRECTOR 0.50 X 0 0 0 RAY O'DOCHARTY DIRECTOR 0.50 X 0 0 0 RANGY RIGGS DIRECTOR 0.50 X 0 0 0 DICK VAN DYKE DIRECTOR 0.50 X 0 0 0 KEVIN BENEDICT DIRECTOR 0.50 X 0 0 0 RICHARD DUNCAN DIRECTOR 0.50 X 0 0 0 SCOTT FELTON DIRECTOR 0.50 X 0 0 0 JESSICA TREW DIRECTOR 0.50 X 0 0 0 JERRY MOBLEY DIRECTOR 0.50 X 0 0 0 THOMAS MILLS DIRECTOR 0.50 X 0 0 0 LLOYD LANE DIRECTOR 0.50 X 0 0 0 SHANE BASSELL DIRECTOR 0.50 X 0 0 0 0 0 0 0 0 0 0 0 399846 399846 PROJECT MANAGEMENT FEE 561000 47200 47200 INTEREST ON LOANS 522291 7949 7949 55149 39598 39598 267501 146088 121413 121413 121413 616006 176562 0 39598 128377 128377 61373 61373 1028 1028 10450 10450 8097 8097 263 263 2149 2149 14842 14842 9949 9949 8022 8022 MISCELLANEOUS 7040 7040 DUES & SUBSCRIPTIONS 250 250 251840 151241 100599 0 305619 312431 23502 18057 2194463 1038404 1204159 1156059 747076 1080361 2280356 2566908 643125 565511 1904 1904 645029 567415 X 1306206 1669005 329121 330488 1635327 1999493 2280356 2566908 364166 0 X X 0 1 X 1 0 X 82511 15666 32788 199900 399846 730711 288723 262040 278190 310010 322650 1461613 371234 277706 310978 509910 722496 2192324 0 0 0 2192324 848 3944 23508 33263 39598 101161 848 3944 23508 33263 39598 101161 372082 281650 334486 543173 762094 2293485 0.95590 0.96520 0.04410 0.03480 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 329121 7949 6582 330488 327412 1709 329121 322932 4480 327412 373022 2330 52420 322932 368409 4613 373022 1.00000 0 0 170000 170000 1924009 937950 986059 100454 100454 0 1156059 DUE FROM HOTCOG 1080361 1080361 ACCRUED INTEREST PAYABLE 1904 1904 762094 146088 146088 616006 0 616006 397928 146088 146088 251840 0 251840 PART V, LINE 4: ALL TEMPORARILY RESTRICTED FUNDS ARE FOR HOTCOG BUILDING MAINTENANCE AND THE RURAL BUSINESS ENTERPRISE GRANT USDA REVOLVING LOAN FUND. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES OFFSET AGAINST RENTAL INCOME 146,088. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES OFFSET AGAINST RENTAL INCOME 146,088. 1 HEART OF TEXAS COUNCIL OF GOVERNMENTS 1514 S NEW ROAD WACO TX 76711 741548459 128377 0 EDA MATCHING FUNDS PART I, LINE 2: THE USE OF GRANT FUNDS ARE MONITORED ON A MONTHLY BASIS BY FINANCIAL PERSONNEL AND ARE AUDITED ON AN ANNUAL BASIS TO ENSURE COMPLIANCE WITH APPLICABLE FEDERAL RULES AND REGULATIONS. FORM 990, PART VI, SECTION A, LINE 3 HEART OF TEXAS ECONOMIC DEVELOPMENT DISTRICT HAS A CONTRACT WITH HEART OF TEXAS COUNCIL OF GOVERNMENTS TO MANAGE ITS OPERATIONS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS OF HOTEDD BEFORE IT WAS SIGNED AND FILED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.