2026-01-13T09:20:48-06:00 2025-08-31 742520265 COLLIER JOHNSON & WOODS PC 555 N CARANCAHUA SUITE 1000 CORPUS CHRISTI TX 784010839 990 2024-09-01 202661759 ERF REAL ESTATE INC ERFR 3618819040 555 N CARANCAHUA ST SUITE 700 CORPUS CHRISTI TX 784010899 PAUL ALTHEIDE PRESIDENT 3618819040 2025-12-15 1 1 ROBERT TROY COOK P00822030 3618849347 2024 2025-03-06 01:10:19Z PAUL ALTHEIDE 555 N CARANCAHUA ST SUITE 700 CORPUS CHRISTI TX 78401 4959377 0 X WWW.EDRACHAL.ORG X 2005 TX SEE SCHEDULE O 5 0 0 0 0 0 0 0 0 0 166802 417793 -166802 -417793 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 128925041 142030571 1299299 1255376 127625742 140775195 X SEE SCHEDULE O 0 0 THE ORGANIZATION IS ORGANIZED AND OPERATED FOR THE EXCLUSIVE PURPOSE OF HOLDING TITLE TO REAL ESTATE, COLLECTING INCOME THEREFROM, AND TURNING OVER THE ENTIRE AMOUNT THEREOF, LESS EXPENSES, TO THE ED RACHAL FOUNDATION (EIN: **-***6595), A SECTION 501(C)(3) PRIVATE FOUNDATION. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 4 0 1 0 0 0 0 0 0 0 0 0 0 0 X 5 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X PAUL ALTHEIDE 3618819040 555 N CARANCAHUA ST SUITE 700 CORPUS CHRISTI TX 78401 X PAUL ALTHEIDE PRESIDENT 2.00 48.00 X X 0 675000 22022 JOHN J JOHNSON SECRETARY/TREASURER 1.00 4.00 X X 0 66800 0 KENNETH W TRAWICK BOARD VICE CHAIRMAN 1.00 4.00 X X 0 66800 0 DAVID L HOYER BOARD CHAIRMAN 1.00 5.00 X X 0 66800 0 DAVID J MORALES ADVISORY DIRECTOR 1.00 4.00 X 0 64000 0 JOSHUA T GAINES ADVISORY DIRECTOR 1.00 4.00 X 0 64000 0 KENNETH L KELLAR DIRECTOR 1.00 4.00 X 0 0 0 MYRA K MORRIS CHIEF LEGAL COUNSEL 2.00 38.00 X 0 377423 15485 MICHAEL HILL COMPTROLLER 1.00 39.00 X 0 235269 34410 TAYLOR HUNT SR. PROJECT MANAGER 1.00 39.00 X 0 166269 34201 BETTIE BILLINGS ASST. COMPTROLLER 1.00 39.00 X 0 151731 34125 FRANCISCO CAVAZOS PROJECT SUPERVISOR 1.00 39.00 X 0 110075 33932 0 2044167 174175 0 0 1 0 0 35900 35900 4266850 4084773 182077 182077 182077 1256497 874604 381893 381893 381893 TRANSFER OF NET INCOME TO ERF -217977 -217977 TRANSFER OF NET INCOME TO ERF -381893 -381893 -599870 0 0 0 0 0 0 0 0 31339 48286 371672 121727 367760 402298 141141460 127797870 141141460 356400 316800 128925041 142030571 777538 779308 521761 476068 1299299 1255376 X 127625742 140775195 127625742 140775195 128925041 142030571 X 0 13149453 X X 0 0 0 72266104 27205430 99471534 9573889 31127360 40701249 42980 42980 925697 925697 141141460 OTHER CURRENT LIABILITIES 476068 476068 PART XIII - SUPPLEMENTAL FINANCIAL INFORMATION THE ORGANIZATION'S FINANCIAL INFORMATION IS CONSOLIDATED IN THE FINANCIAL STATEMENTS OF THE ED RACHAL FOUNDATION, A RELATED ENTITY. THE ACCOUNTING BASIS OF BOTH ENTITIES IS TAX BASIS ACCRUAL. THERE ARE NO DIFFERENCES BETWEEN AMOUNTS REPORTED FOR BOOK OR FOR TAX PURPOSES. PRESENTATION IS CONSISTENT WITH PRIOR YEARS' REPORTING. 0 0 0 PAUL ALTHEIDE PRESIDENT 0 540000 0 135000 0 0 0 0 0 22022 0 697022 0 0 MYRA K MORRIS CHIEF LEGAL COUNSEL 0 377423 0 0 0 0 0 0 0 15485 0 392908 0 0 MICHAEL HILL COMPTROLLER 0 235269 0 0 0 0 0 0 0 34410 0 269679 0 0 TAYLOR HUNT SR. PROJECT MANAGER 0 166269 0 0 0 0 0 0 0 34201 0 200470 0 0 BETTIE BILLINGS ASST. COMPTROLLER 0 151731 0 0 0 0 0 0 0 34125 0 185856 0 0 PART III - OTHER ADDITIONAL INFORMATION PART I, LINE 3 - RELATED METHODS USED FOR COMPENSATION EXPLANATION COMPENSATION FOR THE DIRECTORS AND OFFICERS IS BASED ON RECOMMENDATIONS RECEIVED FROM LEGAL COUNSEL TO THE ED RACHAL FOUNDATION, A RELATED ENTITY. LEGAL COUNSEL RETAINS QUALIFIED INDEPENDENT COMPENSATION CONSULTANTS TO REVIEW ROLES AND RESPONSIBILITIES AGAINST MARKET SURVEYS, SITE VISITS, AND INTERVIEWS WITH EACH DIRECTOR AND OFFICER. THE COMPENSATION CONSULTANTS PERFORM ADDITIONAL REVIEW AND ANALYSIS AS NECESSARY TO SUBSTANTIATE ITS RECOMMENDATIONS. FORM 990 - ORGANIZATION'S MISSION PART III, LINE 1 - THE ORGANIZATION IS ORGANIZED AND OPERATED FOR THE EXCLUSIVE PURPOSE OF HOLDING TITLE TO REAL ESTATE, COLLECTING INCOME THEREFROM, AND TURNING OVER THE ENTIRE AMOUNT THEREOF, LESS EXPENSES, TO THE ED RACHAL FOUNDATION (EIN: 74-1116595), A SECTION 501(C)(3) PRIVATE FOUNDATION FORM 990 - ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITIES PART 1, LINE 1 - THE ORGANIZATION IS ORGANIZED AND OPERATED FOR THE EXCLUSIVE PURPOSE OF HOLDING TITLE TO REAL ESTATE, COLLECTING INCOME THEREFROM, AND TURNING OVER THE ENTIRE AMOUNT THEREOF, LESS EXPENSES, TO THE ED RACHAL FOUNDATION (EIN: 74-1116595), A SECTION 501(C)(3) PRIVATE FOUNDATION FORM 990, PART VI, SECTION B, LINE 11B FORM 990, PART VI, LINE 11B - ORGANIZATION'S PROCESS TO REVIEW FORM 990 EACH DIRECTOR RECEIVES A COPY OF THE FORM 990 IN ADVANCE OF BOARD MEETING. THE CEO REVIEWS AND DISCUSSES THE FORM 990 IN DETAIL DURING THE MEETING THEN ANSWERS ALL QUESTIONS RAISED BY DIRECTORS. AFTER REVIEW AND DISCUSSION, THE BOARD TAKES FORMAL ACTION TO APPROVE THE FORM 990 AND REFLECTS IN MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 12C FORM 990, PART VI, LINE 12C - ENFORCEMENT OF CONFLICTS POLICY THE ORGANIZATION REQUIRES EACH DIRECTOR TO ACKNOWLEDGE THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. DIRECTORS ARE ALSO REQUIRED TO ANNUALLY DISCLOSE ANY POTENTIAL ONGOING OR POTENTIAL FUTURE CONFLICTS OF INTEREST. THE BOARD ADDRESSES THE POTENTIAL CONFLICTS IN ACCORDANCE WITH THE WRITTEN CONFLICT OF INTEREST POLICY. EVIDENCE OF THE ANNUAL REVIEW IS NOTED IN BOARD MINUTES WITH SUBMITTED FORMS RETAINED BY BOARD SECRETARY. FORM 990, PART VI, SECTION B, LINE 15 FORM 990, PART VI, LINE 15A - COMPENSATION PROCESS FOR TOP OFFICIAL COMPENSATION FOR THE DIRECTORS AND OFFICERS IS BASED ON RECOMMENDATIONS RECEIVED FROM LEGAL COUNSEL. LEGAL COUNSEL RETAINS QUALIFIED INDEPENDENT COMPENSATION CONSULTANTS TO REVIEW ROLES AND RESPONSIBILITIES AGAINST MARKET SURVEYS, SITE VISITS, AND INTERVIEWS WITH EACH DIRECTOR AND OFFICER. THE COMPENSATION CONSULTANTS PERFORM ADDITIONAL REVIEW AND ANALYSIS AS NECESSARY TO SUBSTANTIATE ITS RECOMMENDATIONS. FORM 990, PART VI, LINE 15B - COMPENSATION PROCESS FOR OFFICERS COMPENSATION FOR THE DIRECTORS AND OFFICERS IS BASED ON RECOMMENDATIONS RECEIVED FROM LEGAL COUNSEL. LEGAL COUNSEL RETAINS QUALIFIED INDEPENDENT COMPENSATION CONSULTANTS TO REVIEW ROLES AND RESPONSIBILITIES AGAINST MARKET SURVEYS, SITE VISITS, AND INTERVIEWS WITH EACH DIRECTOR AND OFFICER. THE COMPENSATION CONSULTANTS PERFORM ADDITIONAL REVIEW AND ANALYSIS AS NECESSARY TO SUBSTANTIATE ITS RECOMMENDATIONS. FORM 990, PART VI, SECTION C, LINE 19 FORM 990, PART VI, LINE 19 - GOVERNING DOCUMENTS DISCLOSURE EXPLANATION ALL DOCUMENTS REQUIRED TO BE MADE AVAILABLE TO THE PUBLIC BY THE INTERNAL REVENUE SERVICE OR BY THE GOVERNING LAWS OF THE STATE OF TEXAS ARE AVAILABLE UPON WRITTEN REQUEST. THESE DOCUMENTS INCLUDE, BUT ARE NOT LIMITED TO, THE CERTIFICATE OF FORMATION, FINANCIAL STATEMENTS, AND FORM 990. FORM 990 PART VII - ADDITIONAL INFORMATION COMPENSATION FOR THE DIRECTORS AND OFFICERS IS BASED ON RECOMMENDATIONS RECEIVED FROM LEGAL COUNSEL TO THE ED RACHAL FOUNDATION, A RELATED ENTITY. LEGAL COUNSEL RETAINS QUALIFIED INDEPENDENT COMPENSATION CONSULTANTS TO REVIEW ROLES AND RESPONSIBILITIES AGAINST MARKET SURVEYS, SITE VISITS, AND INTERVIEWS WITH EACH DIRECTOR AND OFFICER. THE COMPENSATION CONSULTANTS PERFORM ADDITIONAL REVIEW AND ANALYSIS AS NECESSARY TO SUBSTANTIATE ITS RECOMMENDATIONS. FORM 990, PART XI, LINE 9: CAPITAL CONTRIBUTIONS 21,366,958. UNREALIZED GAIN/(LOSS) ON FIXED ASSETS -9,107,846. INCOME TRANSFERRED TO ERF 599,870. OTHER QUALIFYING DISTRIBUTION 290,471. FORM 990, PART XII - ADDITIONAL INFORMATION LINE I - THE ORGANIZATION'S FINANCIAL INFORMATION IS CONSOLIDATED IN THE FINANCIAL STATEMENTS OF THE ED RACHAL FOUNDATION, A RELATED ENTITY. THE ACCOUNTING BASIS OF BOTH ENTITIES IS TAX BASIS ACCRUAL. THERE ARE NO DIFFERENCES BETWEEN AMOUNTS REPORTED FOR BOOK OR FOR TAX PURPOSES. PRESENATION IS CONSISTENT WITH PRIOR YEARS' REPORTING. THE ED RACHAL FOUNDATION 555 N CARANCAHUA ST SUITE 700 CORPUS CHRISTI TX 78401 741116595 PRIV FDN TX 501(C)(3) PF N/A 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 ERF WEST SIDE INC B 148414 ACTUAL FUNDING ERF PORT ARANSAS B 33436 ACTUAL FUNDING ERF PALACIOS INC B 4124 ACTUAL FUNDING ERF LEOPARD INC B ACTUAL FUNDING TOWER II INC C 8920 ACTUAL FUNDING ERF VAL VERDE INC B 152 ACTUAL FUNDING ERF INGLESIDE INC B ACTUAL FUNDING ERF BUFFALO INC B ACTUAL FUNDING SCHEDULE R - ADDIRIONAL INFORMATION ERF REAL ESTATE, INC., EIN 20-2661759, IS A 501(C)(2) TITLE HOLDING COMPANY ORGANIZED FOR THE EXCLUSIVE PURPOSE OF HOLDING TITLE TO REAL ESTATE, COLLECTING INCOME THEREFROM, AND TURNING OVER THE ENTIRE AMOUNT THEREOF, LESS EXPENSES, TO THE ED RACHAL FOUNDATION (EIN 74-1116595). ERF REAL ESTATE, INC. HAS BEEN GRANTED A GROUP EXEMPTION (EXEMPTION NUMBER 6431) PURSUANT TO REVENUE PROCEDURE 80-27 AND IS THE CENTRAL ORGANIZATION FOR THE FOLLOWING SUBORDINATE ORGANIZATIONS: 1. ERF PORT ARANSAS INC. (EIN: 46-4468454) 2. ERF TOWER II INC. (EIN: 47-4191656) 3. ERF LAMAR INC. (EIN: 85-1494970) 4. 802 NC INC. (EIN: 83-0802751) 5. ERF WEST SIDE INC. (EIN: 85-1914948) 6. ERF PALACIOS INC. (EIN: 86-3879335) 7. ERF VAL VERDE INC (EIN: 88-1331102) 8. ERF INGLESIDE INC. (EIN: 92-0512114) 9. ERF LEOPARD INC. (EIN: 92-1878901) 10. ERF BUFFALO INC. (EIN: 92-3286012) 11. ERF BROADWAY INC. (EIN: 39-3948991) THE RETURN FOR THE ED RACHAL FOUNDATION INCLUDES ALL ACTIVITY OF THE ABOVE LISTED CENTRAL ORGANIZATION AND SUBORDINATE ORGANIZATIONS PURSUANT TO INTERNAL REVENUE CODE SECTION 1504(E).