Nonprofit · EIN 27-0083125
HEART OF TEXAS ECONOMIC DEVELOPMENT DISTRICT INC
Tax-exempt · WACO, TX 76711
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $616,006 | $251,840 | $364,166 | $2,566,908 | $567,415 | $1,999,493 |
| September 30, 2024 | 990 | $431,916 | $217,717 | $214,199 | $2,280,356 | $645,029 | $1,635,327 |
| September 30, 2023 | 990 | $231,434 | $165,762 | $65,672 | $2,140,226 | $719,098 | $1,421,128 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $399,846
- of which government grants
- $399,846
- Program service revenue
- $55,149
- Investment income
- $39,598
- Net rental income
- $121,413
- Other revenue
- $121,413
Expenses
- Grants and similar amounts paid
- $128,377
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $1,028
- Accounting fees
- $10,450
- Travel
- $14,842
- Program services (functional)
- $151,241
- Management and general (functional)
- $100,599
Balance sheet and other
- Total assets, start of year
- $2,280,356
- Total assets, end of year
- $2,566,908
- Total liabilities, end of year
- $567,415
- Net assets, end of year
- $1,999,493
- Land, buildings and equipment
- $1,156,059
- Net assets without donor restrictions
- $1,669,005
- Net assets with donor restrictions
- $330,488
- Gross receipts
- $762,094
- Employees
- 0
- Volunteers
- 24
- Year formed
- 2003
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CINDY VANLANDINGHAM | CHAIR Trustee or director, Officer | 0.5 | $0 |
| DAVID DAVIS | VICE CHAIR Trustee or director, Officer | 0.5 | $0 |
| ANDREA KOSAR | SECRETARY/TREASURER Trustee or director, Officer | 0.5 | $0 |
| RUSSELL DEVORSKY | PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| CALVIN REUTER | DIRECTOR Trustee or director | 0.5 | $0 |
| DAMARIS NEELLEY | DIRECTOR Trustee or director | 0.5 | $0 |
| ROBERT HAWKINS | DIRECTOR Trustee or director | 0.5 | $0 |
| JAY ELLIOTT | DIRECTOR Trustee or director | 0.5 | $0 |
| MATTHEW WRIGHT | DIRECTOR Trustee or director | 0.5 | $0 |
| CHARLES EATON | DIRECTOR Trustee or director | 0.5 | $0 |
| JUSTIN LEWIS | DIRECTOR Trustee or director | 0.5 | $0 |
| ART MANN | DIRECTOR Trustee or director | 0.5 | $0 |
| IGNACIO VAZQUEZ | DIRECTOR Trustee or director | 0.5 | $0 |
| RAY O'DOCHARTY | DIRECTOR Trustee or director | 0.5 | $0 |
| RANGY RIGGS | DIRECTOR Trustee or director | 0.5 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DICK VAN DYKE | DIRECTOR Trustee or director | 0.5 | $0 |
| KEVIN BENEDICT | DIRECTOR Trustee or director | 0.5 | $0 |
| RICHARD DUNCAN | DIRECTOR Trustee or director | 0.5 | $0 |
| SCOTT FELTON | DIRECTOR Trustee or director | 0.5 | $0 |
| JESSICA TREW | DIRECTOR Trustee or director | 0.5 | $0 |
| JERRY MOBLEY | DIRECTOR Trustee or director | 0.5 | $0 |
| THOMAS MILLS | DIRECTOR Trustee or director | 0.5 | $0 |
| LLOYD LANE | DIRECTOR Trustee or director | 0.5 | $0 |
| SHANE BASSELL | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended September 30, 2024: 20 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLES EATON | CHAIR Trustee or director, Officer | 0.5 | $0 |
| CINDY VANLANDINGHAM | VICE CHAIR Trustee or director, Officer | 0.5 | $0 |
| DAVID DAVIS | SECRETARY/TREASURER Trustee or director, Officer | 0.5 | $0 |
| RUSSELL DEVORSKY | PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| DAMARIS NEELEY | DIRECTOR Trustee or director | 0.5 | $0 |
| CALVIN REUTER | DIRECTOR Trustee or director | 0.5 | $0 |
| JAY ELLIOTT | DIRECTOR Trustee or director | 0.5 | $0 |
| MATTHEW WRIGHT | DIRECTOR Trustee or director | 0.5 | $0 |
| KEVIN BENEDICT | DIRECTOR Trustee or director | 0.5 | $0 |
| LINDA GRANT | DIRECTOR Trustee or director | 0.5 | $0 |
| JUSTIN LEWIS | DIRECTOR Trustee or director | 0.5 | $0 |
| ART MANN | DIRECTOR Trustee or director | 0.5 | $0 |
| IGNACIO VAZQUEZ | DIRECTOR Trustee or director | 0.5 | $0 |
| RAY O'DOCHARTY | DIRECTOR Trustee or director | 0.5 | $0 |
| RICHARD DUNCAN | DIRECTOR Trustee or director | 0.5 | $0 |
| SCOTT FELTON | DIRECTOR Trustee or director | 0.5 | $0 |
| ROBERT HAWKINS | DIRECTOR Trustee or director | 0.5 | $0 |
| RANGY RIGGS | DIRECTOR Trustee or director | 0.5 | $0 |
| DICK VAN DYKE | DIRECTOR Trustee or director | 0.5 | $0 |
| ANDREA KOSAR | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended September 30, 2023: 21 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| IGNACIO VASQUEZ | CHAIR Trustee or director, Officer | 0.5 | $0 |
| CHARLES EATON | VICE CHAIR Trustee or director, Officer | 0.5 | $0 |
| CINDY VANLANDINGHAM | SECRETARY/TREASURER Trustee or director, Officer | 0.5 | $0 |
| JERRY BAKER | IMM PAST CHAIR Trustee or director, Officer | 0.5 | $0 |
| RUSSELL DEVORSKY | PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| JAY ELLIOT | DIRECTOR Trustee or director | 0.5 | $0 |
| RANDY RIGGS | DIRECTOR Trustee or director | 0.5 | $0 |
| DICK VAN DYKE | DIRECTOR Trustee or director | 0.5 | $0 |
| MATTHEW WRIGHT | DIRECTOR Trustee or director | 0.5 | $0 |
| DAVID DAVIS | DIRECTOR Trustee or director | 0.5 | $0 |
| DAMARIS NEELEY | DIRECTOR Trustee or director | 0.5 | $0 |
| ROBERT HAWKINS | DIRECTOR Trustee or director | 0.5 | $0 |
| JUSTIN LEWIS | DIRECTOR Trustee or director | 0.5 | $0 |
| KEVIN BENEDICT | DIRECTOR Trustee or director | 0.5 | $0 |
| SCOTT FELTON | DIRECTOR Trustee or director | 0.5 | $0 |
| RAY O'DOCHARTY | DIRECTOR Trustee or director | 0.5 | $0 |
| LINDA GRANT | DIRECTOR Trustee or director | 0.5 | $0 |
| CALVIN REUTER | DIRECTOR Trustee or director | 0.5 | $0 |
| RICHARD DUNCAN | DIRECTOR Trustee or director | 0.5 | $0 |
| ART MANN | DIRECTOR Trustee or director | 0.5 | $0 |
| ANDREA KOSAR | DIRECTOR Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 1514 S NEW RD, WACO, TX 76711-1316
- In care of
- % KENNETH L SIMONS
- Principal officer (990 for 2024)
- RUSSELL DEVORSKY, 1514 S NEW RD, WACO, TX 76711
- Signed the 990
- RUSSELL DEVORSKY, PRESIDENT
- Phone
- (254) 292-1800
- Website
- WWW.HOTEDDTX.COM
- Return prepared by
- PATTILLO BROWN & HILL LLP
Mission
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.
Program accomplishments
- 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.revenue $121,413
- PROVISION OF GRANTS - THE HEART OF TEXAS ECONOMIC DEVELOPMENT DISTRICT SERVES AS A PASS-THROUGH ENTITY FOR EDA GRANT FUNDS.Expenses $128,377 · grants $128,377
- 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.Expenses $22,864 · revenue $55,149
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 27-0083125
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2004
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $2,566,908
- Income (IRS master file)
- $762,094
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $616,006 | $251,840 | $2,566,908 | XML |
| 990 | September 2024 | $431,916 | $217,717 | $2,280,356 | XML |
| 990 | September 2023 | $231,434 | $165,762 | $2,140,226 | XML |
| 990 | September 2022 | $176,969 | $249,974 | $2,145,431 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-0083125).
Questions about HEART OF TEXAS ECONOMIC DEVELOPMENT DISTRICT INC
- What is the EIN of HEART OF TEXAS ECONOMIC DEVELOPMENT DISTRICT INC?
- The employer identification number (EIN) of HEART OF TEXAS ECONOMIC DEVELOPMENT DISTRICT INC is 27-0083125.
- Is HEART OF TEXAS ECONOMIC DEVELOPMENT DISTRICT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to HEART OF TEXAS ECONOMIC DEVELOPMENT DISTRICT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HEART OF TEXAS ECONOMIC DEVELOPMENT DISTRICT INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HEART OF TEXAS ECONOMIC DEVELOPMENT DISTRICT INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HEART OF TEXAS ECONOMIC DEVELOPMENT DISTRICT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of HEART OF TEXAS ECONOMIC DEVELOPMENT DISTRICT INC?
- The 990 for the year ended September 30, 2025 names RUSSELL DEVORSKY.
- Who are the officers and directors of HEART OF TEXAS ECONOMIC DEVELOPMENT DISTRICT INC?
- The 990 for the year ended September 30, 2025 lists 24 people; 0 received compensation from the organization.
- How much revenue does HEART OF TEXAS ECONOMIC DEVELOPMENT DISTRICT INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $616,006, expenses of $251,840 and total assets of $2,566,908 at year end.
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