Nonprofit · EIN 74-2995407
WACO COMMUNITY DEVELOPMENT CORPORATION
Tax-exempt · WACO, TX 76707
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $754,856 | $842,289 | -$87,433 | $1,232,487 | $960,893 | $271,594 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $884,731
- of which government grants
- $815,995
- Program service revenue
- $4,366
- Investment income
- $1,700
- Net rental income
- $57,000
- Net income from fundraising events
- $24,977
- Net income from sales of inventory
- -$219,026
- Other revenue
- -$135,941
Expenses
- Grants and similar amounts paid
- $8,000
- Compensation of officers, directors and key employees
- $125,763
- Other salaries and wages
- $281,169
- Salaries, compensation and benefits (total)
- $449,840
- Professional fundraising fees
- $0
- Accounting fees
- $9,200
- Occupancy
- $55,665
- Depreciation
- $19,178
- Program services (functional)
- $799,557
- Management and general (functional)
- $34,703
- Fundraising (functional)
- $8,029
Balance sheet and other
- Total assets, start of year
- $1,158,902
- Total assets, end of year
- $1,232,487
- Total liabilities, end of year
- $960,893
- Net assets, end of year
- $271,594
- Land, buildings and equipment
- $263,444
- Net assets without donor restrictions
- $271,594
- Gross receipts
- $1,291,310
- Employees
- 8
- Volunteers
- 333
- Year formed
- 2001
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MIKE STONE | EXECUTIVE DIRECTOR Officer | 40 | $102,500 | $23,263 |
| CRYSTA DIAZ-ESPINOZA | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| DAYSI BARRERA | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| TIM HOLTKAMP | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| KEN COOPER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| COLIN HULYK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BILLY DAVIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RACHEL SWAIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JUAN TELLO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JUD GRIFFIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1624 COLCORD AVE, WACO, TX 76707-2246
- Principal officer (990 for 2024)
- KEN COOPER, 1624 COLCORD, WACO, TX 76707
- Signed the 990
- KEN COOPER, TREASURER
- Phone
- (254) 235-7358
- Return prepared by
- PATTILLO BROWN & HILL LLP
Mission
TO ACHIEVE A BRIGHTER FUTURE FOR CHILDREN, NEIGHBORS AND COMMUNITIES BY INSPIRING AND CULTIVATING HEALTHY NEIGHBORHOODS.
Program accomplishments
- PROVISION OF AFFORDABLE HOUSING AND PROPERTY MANAGEMENT TO LOW AND MODERATE INCOME PEOPLE. THE ORGANIZATION OWNS 5 RENTAL PROPERTIES OCCUPIED BY LOW AND MODERATE INCOME RESIDENTS. THE ORGANIZATION HELPS TO COORDINATE LOCAL SERVICE PROJECTS BY MATCHING GROUPS OF VOLUNTEERS WITH QUALIFYING RESIDENTS TO PERFORM REPAIRS AND MAINTENANCE ON LOW-INCOME HOMESTEADED HOMES.Expenses $208,252 · revenue -$156,552
- PROVISION OF HOUSING COUNSELING AND HOMEBUYER EDUCATION CLASSES TO LOW AND MODERATE INCOME PEOPLE. COUNSELING SERVICES INCLUDE PRE- AND POST-PURCHASE COUNSELING AS WELL AS POST PURCHASE AND DOWNPAYMENT/CLOSING COST ASSISTANCE COUNSELING. OTHER SERVICES INCLUDE BUDGETING, FINANCIAL LITERACY, HOMEBUYER EDUCATION AND LOAN DOCUMENT PACKAGING CLASSES.Expenses $125,220 · grants $8,000
- PROMOTION OF COMMUNITY DEVELOPMENT BY PROVIDING LEADERSHIP DEVELOPMENT EFFORTS BY SEEKING TO EQUIP NEIGHBORHOOD LEADERS TO ENGAGE IN THEIR COMMUNITY IN MEANINGFUL WAYS BY WORKING WITH OTHERS AND EXISTING COMMUNITY ASSETS TO ADDRESS COMMUNITY NEEDS.Expenses $466,085
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | No data |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 74-2995407
- 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
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $1,350,688
- Income (IRS master file)
- $1,483,928
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $938,660 | $927,224 | $1,158,902 | IRS |
| 990 | December 2022 | $810,101 | $682,250 | $1,178,684 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about WACO COMMUNITY DEVELOPMENT CORPORATION
- What is the EIN of WACO COMMUNITY DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of WACO COMMUNITY DEVELOPMENT CORPORATION is 74-2995407.
- Is WACO COMMUNITY DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to WACO COMMUNITY DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WACO COMMUNITY DEVELOPMENT CORPORATION 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 WACO COMMUNITY DEVELOPMENT CORPORATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WACO COMMUNITY DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of WACO COMMUNITY DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names KEN COOPER.
- Who are the officers and directors of WACO COMMUNITY DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 10 people; 1 received compensation from the organization, the highest $102,500 (MIKE STONE, EXECUTIVE DIRECTOR).
- How much revenue does WACO COMMUNITY DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $754,856, expenses of $842,289 and total assets of $1,232,487 at year end.
Other nonprofits in WACO
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- WACO ENTREPRENEURIAL ECOSYSTEM COLLABORATIVE INC EIN 82-2094253 · last filed 990 for 2024
- SAFETY BLITZ FOUNDATION INC EIN 47-4514114 · last filed 990 for 2025
- WACO TOURISM PUBLIC IMPROVEMENT DISTRICT CORPORATION EIN 85-3422483 · last filed 990 for 2025
- LIVE OAK CLASSICAL FOUNDATION EIN 83-2220421 · last filed 990 for 2025
- TALITHA KOUM INSTITUTE EIN 75-2849153 · last filed 990 for 2024
- GREATER WACO COLLECTIVE IMPACT INITIATIVE EIN 46-5714986 · last filed 990 for 2024
- COMPASSION MINISTRIES OF WACO INC EIN 74-2698244 · last filed 990 for 2024
All nonprofits in WACO · Texas · Community improvement and capacity building