Nonprofit · EIN 74-3027286
HAS DEVELOPMENT CORPORATION
Tax-exempt · HOUSTON, TX 77007
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,778,037 | $2,462,905 | $2,315,132 | $25,702,953 | $45,001 | $25,657,952 |
| December 31, 2023 | 990 | $6,600,717 | $2,946,772 | $3,653,945 | $23,489,645 | $100,909 | $23,388,736 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $804,362
- Investment income
- $3,973,675
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $816,647
- Compensation of officers, directors and key employees
- $897,646
- Salaries, compensation and benefits (total)
- $942,021
- Professional fundraising fees
- $0
- Legal fees
- $16,940
- Accounting fees
- $34,515
- Occupancy
- $61,924
- Travel
- $185,338
- Program services (functional)
- $1,286,418
- Management and general (functional)
- $1,176,487
Balance sheet and other
- Total assets, start of year
- $23,489,645
- Total assets, end of year
- $25,702,953
- Total liabilities, end of year
- $45,001
- Net assets, end of year
- $25,657,952
- Net assets without donor restrictions
- $25,657,952
- Gross receipts
- $4,778,037
- Employees
- 3
- Volunteers
- 0
- 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 |
|---|---|---|---|
| AGUSTIN ARELLANO | PRESIDENT & CEO Officer | 40 | $362,303 |
| EDUARDO IGLESIAS | CHIEF LEGAL OFFICER & ASSISTANT SEC. Officer | 40 | $275,783 |
| ADA C SILVA | CFO & ASSISTANT TREASURER Officer | 40 | $259,560 |
| JIM SZCZESNIAK | CHAIRMAN OF THE BOARD Trustee or director, Officer | 0.5 | $0 |
| MICHAEL COX | VICE CHAIRMAN Trustee or director, Officer | 0.5 | $0 |
| ASTLEY BLAIR | SECRETARY AND TREASURER Trustee or director, Officer | 0.5 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AGUSTIN ARELLANO | PRESIDENT & CEO Officer | 40 | $422,219 |
| EDUARDO IGLESIAS | CHIEF LEGAL OFFICER & ASSISTANT SECRETARY Officer | 40 | $311,825 |
| ADA C SILVA | CFO & ASSISTANT TREASURER Officer | 40 | $298,125 |
| MARIO DIAZ | CHAIRMAN OF THE BOARD Trustee or director, Officer | 0.5 | $0 |
| MICHAEL COX | VICE CHAIRMAN Trustee or director, Officer | 0.5 | $0 |
| ASTLEY BLAIR | SECRETARY AND TREASURER Trustee or director, Officer | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 550 WESTCOTT ST STE 350, HOUSTON, TX 77007-5099
- Principal officer (990 for 2024)
- ADA SILVA, 550 WESTCOTT 350, HOUSTON, TX 77007
- Signed the 990
- ADA SILVA, C.F.O. AND ASSISTANT TREASURER
- Phone
- (832) 646-2614
- Website
- WWW.HASDC.NET
- Return prepared by
- FITTS ROBERTS KOLKHORST & CO PC
Mission
THE ORGANIZATION SEEKS TO PROMOTE AIR TRANSPORTATION, TRADE, AND ECONOMIC DEVELOPMENT FOR THE BENEFIT OF THE HOUSTON AIRPORT SYSTEM AND TO PROVIDE SERVICES, SUCH AS AIRPORT TECHNICAL ADVISORY SERVICES AND PERSONNEL TRAINING, TO AIRPORTS AROUND THE WORLD.
Program accomplishments
- TECHNICAL ADVISORY CONSULTING - THE ORGANIZATION GENERATES REVENUE BY PROVIDING AIRPORT TECHNICAL ADVISORY SERVICES BASED ON CONTRACTUAL ARRANGEMENTS.Expenses $353,489 · revenue $648,362
- MANAGEMENT CONTRACTS - THE ORGANIZATION PROVIDES AIRPORT SERVICES DESIGNED TO SUPPLY OPERATIONAL AND MANAGERIAL CONSULTING TO ITS CLIENTS.Expenses $116,282 · revenue $156,000
- HAMILTON SUNDSTRAND - TO PROMOTE GROWTH OF AEROSPACE INDUSTRY, INCREASE EMPLOYMENT AND PROMOTE ECONOMIC ACTIVITY IN HOUSTONExpenses $816,647 · grants $816,647
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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 74-3027286
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2006
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W40)
- Assets (IRS master file)
- $25,702,953
- Income (IRS master file)
- $4,778,037
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,778,037 | $2,462,905 | $25,702,953 | IRS |
| 990 | December 2023 | $6,600,717 | $2,946,772 | $23,489,645 | XML |
| 990 | December 2022 | $3,684,253 | $3,728,108 | $19,888,772 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 HAS DEVELOPMENT CORPORATION
- What is the EIN of HAS DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of HAS DEVELOPMENT CORPORATION is 74-3027286.
- Is HAS DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to HAS DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does HAS 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 HAS DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HAS 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 HAS DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names ADA SILVA.
- Who are the officers and directors of HAS DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 6 people; 3 received compensation from the organization, the highest $362,303 (AGUSTIN ARELLANO, PRESIDENT & CEO).
- How much revenue does HAS DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,778,037, expenses of $2,462,905 and total assets of $25,702,953 at year end.
Other nonprofits in HOUSTON
- SWANITI INITIATIVE EIN 45-3964226 · last filed 990 for 2025
- DONATESTOCK CHARITABLE INC EIN 87-1569770 · last filed 990 for 2024
- PTSD FOUNDATION OF AMERICA EIN 20-3864341 · last filed 990 for 2025
- 501 PROPERTY INC EIN 99-1168187 · last filed 990 for 2024
- COMBINED ARMS EIN 47-5648923 · last filed 990 for 2024
- NEXTOP INC EIN 47-1429344 · last filed 990 for 2025
- PROSPERITY COMMUNITY OUTREACH EIN 27-2443810 · last filed 990 for 2024
- RECHTER FAMILY FOUNATION EIN 41-3293394 · last filed 990-PF for 2025
All nonprofits in HOUSTON · Texas · Public and societal benefit