Nonprofit · EIN 76-0216784
HOUSTON BUSINESS DEVELOPMENT INC
Also known as HOUSTON SMALL BUSINESS DEVELOPMENT
Tax-exempt · HOUSTON, TX 77021
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,501,590 | $5,178,588 | -$676,998 | $18,422,202 | $4,766,930 | $13,655,272 |
| December 31, 2023 | 990 | $6,050,246 | $6,841,582 | -$791,336 | $20,800,493 | $5,170,882 | $15,629,611 |
| December 31, 2022 | 990 (amended) | $6,522,503 | $7,486,425 | -$963,922 | $20,157,614 | $3,736,668 | $16,420,946 |
| December 31, 2021 | 990 | $6,854,030 | $6,027,862 | $826,168 | $19,980,612 | $3,199,671 | $16,780,941 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,358,883
- of which government grants
- $1,358,883
- Program service revenue
- $3,142,707
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $231,293
- Other salaries and wages
- $877,339
- Salaries, compensation and benefits (total)
- $1,551,188
- Professional fundraising fees
- $0
- Accounting fees
- $159,389
- Occupancy
- $349,057
- Depreciation
- $684,102
- Program services (functional)
- $4,647,767
- Management and general (functional)
- $483,821
- Fundraising (functional)
- $47,000
Balance sheet and other
- Total assets, start of year
- $20,800,493
- Total assets, end of year
- $18,422,202
- Total liabilities, end of year
- $4,766,930
- Net assets, end of year
- $13,655,272
- Land, buildings and equipment
- $4,276,206
- Net assets without donor restrictions
- $13,655,272
- Gross receipts
- $4,501,590
- Employees
- 15
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 |
|---|---|---|---|
| MARLON MITCHELL | PRESIDENT & Key employee | 40 | $233,384 |
| PHILIP AITSEBAOMA | CHAIRMAN Trustee or director | – | $0 |
| KEN BOLTON | TRUSTEE Trustee or director | – | $0 |
| RAYMOND BOURGEOIS | TRUSTEE Trustee or director | – | $0 |
| LARRY CHAIRMAN | CHAIRMAN Trustee or director | – | $0 |
| ALGENITA SCOTT DAVIS | TRUSTEE Trustee or director | – | $0 |
| GEORGE E JOHNSON | TRUSTEE Trustee or director | – | $0 |
| MIKE KACAL | TRUSTEE Trustee or director | – | $0 |
| NASR KHAN | TRUSTEE Trustee or director | – | $0 |
| CLARK LORD | TRUSTEE Trustee or director | – | $0 |
| BENNY RODRIGUEZ | SECRETARY Trustee or director | – | $0 |
| MICHAEL TREJO | TRUSTEE Trustee or director | – | $0 |
| PEARL WRIGHT | TRUSTEE Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Marlon Mitchell | President & CEO | 40 | $235,573 |
| Mannaser Dean Marshall Jr | VP of Dev. & Op. | 40 | $104,534 |
| Larry Chairman | Chairman Trustee or director | 1 | $0 |
| Philip Aitsebaomo | Chairman Trustee or director | 1 | $0 |
| Benny Rodriguez | Secretary Trustee or director | 1 | $0 |
| Ken Bolton | Trustee Trustee or director | 1 | $0 |
| Nasr Khan | Trustee Trustee or director | 1 | $0 |
| Michael trejo | Trustee Trustee or director | 1 | $0 |
| Clark Lord | Trustee Trustee or director | 1 | $0 |
| Pearl Wright | Trustee Trustee or director | 1 | $0 |
| George E Johnson | Trustee Trustee or director | 1 | $0 |
| Mike Kacal | Trustee Trustee or director | 1 | $0 |
| Raymond Bourgeois | Trustee Trustee or director | 1 | $0 |
| Algenita Scott Davis | Trustee Trustee or director | 1 | $0 |
990 for the year ended December 31, 2022: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Marlon Mitchell | President & CEO Officer, Key employee | 40 | $201,984 | $24,603 |
| Mannaser D Marshall Jr | VP Development & Operations Highest-paid employee | 0 | $100,097 | $34,667 |
| George Johnson | Director Trustee or director | 1 | $0 | $0 |
| Nasr Khan | Director Trustee or director | 1 | $0 | $0 |
| Pearl Wright | Director Trustee or director | 1 | $0 | $0 |
| Mike Kacal | Director Trustee or director | 1 | $0 | $0 |
| Machael Trejo | Director Trustee or director | 1 | $0 | $0 |
| Ken Bolton | Director Trustee or director | 1 | $0 | $0 |
| Raymond Bourgeois | Director Trustee or director | 1 | $0 | $0 |
| Clark Lord | Director Trustee or director | 1 | $0 | $0 |
| Algenita Scott Davis | Director Trustee or director | 1 | $0 | $0 |
| Phillip Aitsebaomo | Vice Chairman Trustee or director, Officer | 1 | $0 | $0 |
| Larry Hawkins | Chairman Trustee or director, Officer | 1 | $0 | $0 |
| Benny Rodriguez | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Ziwadi Bryant | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended December 31, 2021: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| George Johnson | Director Trustee or director | 1 | $0 |
| Nasr Khan | Director Trustee or director | 1 | $0 |
| Clark Lord | Director Trustee or director | 1 | $0 |
| Machael Trejo | Director Trustee or director | 1 | $0 |
| Mike Kacal | Director Trustee or director | 1 | $0 |
| Pearl Wright | Director Trustee or director | 1 | $0 |
| Raymond Bourgeois | Director Trustee or director | 1 | $0 |
| Ken Bolton | Director Trustee or director | 1 | $0 |
| Algenita Scott Davis | Director Trustee or director | 1 | $0 |
| Phillip Aitsebaomo | Vice Chairman Trustee or director, Officer | 1 | $0 |
| Larry Hawkins | Chairman Trustee or director, Officer | 1 | $0 |
| Ziwadi Bryant | Treasurer Trustee or director, Officer | 1 | $0 |
| Benny Rodriguez | Secretary Trustee or director, Officer | 1 | $0 |
| Marlon Mitchell | President & CEO Officer | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 5330 GRIGGS RD STE D101, HOUSTON, TX 77021-3756
- Principal officer (990 for 2024)
- MARLON MITCHELL, 5330 GRIGGS ROAD, HOUSTON, TX 77021
- Signed the 990
- MARLON MITCHELL, PRESIDENT & CEO
- Phone
- (713) 845-2400
- Website
- HTTPS://HBDI.ORG/
- Return prepared by
- HRSS LLP
Mission
THE CORPORATION'S MISSION IS STIMULATE ECONOMIC GROWTH, COMBAT COMMUNITY DETERIORATION, REVITALIZE UNDER-SERVED COMMUNITIES, AND FACILITATE THE BUILDING OF SAFE, VIBRANT AND HEALTHY NEIGHBORHOODS
Program accomplishments
- ALONG WITH PROVIDING SMALL AND MINORITY BUSINESSES FLEXIBLE AND AFFORDABLE BUSINESS LOANS, MANAGEMENT AND TECHINICAL ASSISTANCE SERVICES AND OFFICE SPACE AT REASONABLE RENTS AT ITS BUSINESS TECHNOLOGY CENTER (BTC OR PALM CENTER), HBDI NOW OFFERS A MORE COMPREHENSIVE APPROACH TO COMMUNITY DEVELOPMENT,INCLUDING CREDIT MANAGEMENT TRAINING, SMALL BUSINESS INCUBATION, THE DEVELOPMENT OF AFFORDABLE SINGLE-FAMILY HOMES AND MULTI- FAMILY RENTAL APARTMENTS, AND THE ADAPTIVE REUSE OF COMMERCIAL PROPERTIES IN UNDERSERVED NEIGHBORHOODSExpenses $4,647,767 · grants $1,358,883 · revenue $3,142,707
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
- 76-0216784
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S43)
- Assets (IRS master file)
- $18,422,202
- Income (IRS master file)
- $4,501,590
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,501,590 | $5,178,588 | $18,422,202 | IRS |
| 990 | December 2023 | $6,050,246 | $6,841,582 | $20,800,493 | XML |
| 990 | December 2022 | $6,522,503 | $7,486,425 | $20,157,614 | XML |
| 990 | December 2021 | $6,854,030 | $6,027,862 | $19,980,612 | XML |
| 990 | December 2020 | $3,620,643 | $2,322,368 | $15,684,831 | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
| 990 | June 2017 | – | – | – | 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 76-0216784).
Questions about HOUSTON BUSINESS DEVELOPMENT INC
- What is the EIN of HOUSTON BUSINESS DEVELOPMENT INC?
- The employer identification number (EIN) of HOUSTON BUSINESS DEVELOPMENT INC is 76-0216784.
- Is HOUSTON BUSINESS DEVELOPMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to HOUSTON BUSINESS DEVELOPMENT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HOUSTON BUSINESS DEVELOPMENT 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 HOUSTON BUSINESS DEVELOPMENT INC 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 HOUSTON BUSINESS DEVELOPMENT INC 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 HOUSTON BUSINESS DEVELOPMENT INC?
- The 990 for the year ended December 31, 2024 names MARLON MITCHELL.
- Who are the officers and directors of HOUSTON BUSINESS DEVELOPMENT INC?
- The 990 for the year ended December 31, 2024 lists 13 people; 1 received compensation from the organization, the highest $233,384 (MARLON MITCHELL, PRESIDENT &).
- How much revenue does HOUSTON BUSINESS DEVELOPMENT INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,501,590, expenses of $5,178,588 and total assets of $18,422,202 at year end.
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