2025-07-15T17:08:21-05:00 2024-08-31 261483953 SBNG PC 221 N KANSAS SUITE 1300 EL PASO TX 79901 990 2023-09-01 742606469 PV COMMUNITY DEVELOPMENT CORPORATION PVCO 9154651191 3607 RIVERA EL PASO TX 79905 MR TIM DAVENPORT-HERBST CEO 9155337057 2025-07-15 1 1 TELLO CABRERA P01550316 9155446770 2025-07-15 2023 2025-03-06 01:10:19Z MR TIM DAVENPORT-HERBST 3607 RIVERA EL PASO TX 79905 2388295 0 X WWW.PVIDA.NET X 1991 TX TO ACQUIRE AND DEVELOP AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME FAMILIES, TO ACQUIRE AND DEVELOP PROGRAM FACILITIES FOR PROJECT VIDA AND PROJECT VIDA HEALTH CENTER (AFFILIATES), AND TO SPONSOR MICROENTERPRISE TECHNICAL ASSISTANCE IN COORDINATION WITH PROJECT VIDA. 5 5 0 0 0 0 210812 431314 1621513 1900024 0 0 454232 56957 2286557 2388295 0 0 0 0 129188 43386 0 0 0 1523371 1593471 1652559 1636857 633998 751438 17630086 17639511 11641114 11321774 5988972 6317737 TO ACQUIRE AND DEVELOP AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME FAMILIES, TO ACQUIRE AND DEVELOP PROGRAM FACILITIES FOR PROJECT VIDA (AN AFFILIATED ENTITY), AND TO SPONSOR MICROENTERPRISE TECHNICAL ASSISTANCE IN COORDINATION WITH PROJECT VIDA. 0 0 1501260 1956981 TO PROVIDE HOUSING AND ECONOMIC DEVELOPMENT SERVICES TO LOW AND MODERATE FAMILIES WITH CONSTRUCTION OF LOW RENT APARTMENTS. 19955 TO SPONSOR MICROENTERPRISE TECHNICAL ASSISTANCE IN COORDINATION WITH PROJECT VIDA. 1521215 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X THE ORGANIZATION 9155337057 3607 RIVERA EL PASO TX 79905 NEAL LOCKE CHAIR 1.50 X X 0 0 0 PERLA MICHEL VICE-CHAIR/TREASURER 1.50 X X 0 0 0 LEE ANN BONDURANT SECRETARY 2.00 X X 0 0 0 DIANE SOWELL BOARD MEMBER 1.50 X 0 0 0 KAREN SUTTON BOARD MEMBER 2.00 X 0 0 0 WILLIAM SCHLESINGER CO-DIRECTOR (FORMER) 2.00 38.00 X 0 58011 0 CAROL SCHLESINGER CO-DIRECTOR (FORMER) 2.00 38.00 X 0 31950 0 TIM DAVENPORT-HERBST CHIEF EXECUTIVE DIRECTOR 20.00 20.00 X 0 15607 0 0 105568 0 0 0 0 0 0 431314 412126 431314 RENTAL INCOME 531110 1857098 1857098 RENTAL INCOME, RELATED 531110 42926 42926 1900024 OTHER INCOME 531110 56957 56957 56957 2388295 1956981 0 0 43386 43386 115642 115642 10846 10846 61705 61705 584303 584303 58757 58757 BUILDING MAINTENANCE 378887 378887 UTILITIES 356016 356016 AGENCY CONTRACT 19964 19964 PROPERTY TAXES 4261 4261 3090 3090 1636857 1521215 115642 0 105370 211475 32660 106994 153302 0 1888 8917 24750787 7647743 15611419 17103044 1725447 209081 17630086 17639511 11295141 10936619 345973 385155 11641114 11321774 X 1821494 3661215 4167478 2656522 5988972 6317737 17630086 17639511 X 751438 -422673 X X 0 1 X 1 1 1 X 388695 486906 497743 590768 431314 2395426 388695 486906 497743 590768 431314 2395426 2395426 2395426 1.00000 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2451118 2451118 22176365 7524439 14651926 123304 123304 0 17103044 SECURITY DEPOSITS PAYABLE 144830 DUE TO RELATED PARTY 240325 385155 2388295 0 2388295 0 2388295 1636857 0 1636857 0 1636857 PROJECT VIDA HEALTH CENTER MUTUAL BOARD MEMBERS AND MUTUAL MANAGEMENT 0 SHARED FACILITIES AND STAFF. 0 PROJECT VIDA MUTUAL BOARD MEMBERS AND MUTUAL MANAGEMENT 43386 ALL STAFF ARE EMPLOYEES OF PROJECT VIDA. ALL PAYROLL COSTS, INCLUDING SALARIES, EMPLOYEE BENEFITS AND PAYROLL TAXES, ARE PAID BY PROJECT VIDA AND ALLOCATED TO PVCDC BASED ON EACH EMPLOYEE'S TIME AND EFFORT RECORDS AND AMOUNTED TO $43,386. 0 PROJECT VIDA HEALTH CENTER MUTUAL BOARD MEMBERS AND MUTUAL MANAGEMENT 3020 PVHC ENTERED INTO A LEASE AGREEMENT WITH PVCDC ON SEPTEMBER 2003. LEASE AND OTHER PROPERTY EXPENSES PAID TOTALED $3,020. 0 PROJECT VIDA HEALTH CENTER MUTUAL BOARD MEMBERS AND MUTUAL MANAGEMENT 39906 PVHC ENTERED INTO A 7-YEAR LEASE AGREEMENT WITH PVCDC ON FEBRUARY 2024. PVHC AGREED TO PAY MONTHLY RENT PLUS MAINTENANCE AND UTILITY EXPENSES. LEASE AND OTHER PROPERTY INCOME TOTALED $39,906. 0 PROJECT VIDA MUTUAL BOARD MEMBERS AND MUTUAL MANAGEMENT 240325 PROJECT VIDA AND PVCDC HAVE AN INTER-AGENCY CASH FLOW LOAN AGREEMENT WHEREBY EACH ENTITY MAY BORROW FROM OR LEND TO THE OTHER FOR PURPOSES OF MEETING SHORT-TERM OBLIGATIONS. FOR THE YEAR ENDED AUGUST 31, 2024, PVCDC OWED AN OUTSTANDING OF BALANCE OF $240,325 TO PROJECT VIDA. 0 PROJECT VIDA MUTUAL BOARD MEMBERS AND MUTUAL MANAGEMENT 209081 PROJECT VIDA AND PVCDC HAVE AN INTER-AGENCY CASH FLOW LOAN AGREEMENT WHEREBY EACH ENTITY MAY BORROW FROM OR LEND TO THE OTHER FOR PURPOSES OF MEETING SHORT-TERM OBLIGATIONS. FOR THE YEAR ENDED AUGUST 31, 2024, PROJECT VIDA OWED AN OUTSTANDING OF BALANCE OF $209,081 TO PVCDC. 0 PROJECT VIDA MUTUAL BOARD MEMBERS AND MUTUAL MANAGEMENT 422673 PVCDC ADOPTED A SUPPORT TO AFFILIATED AGENCY POLICY ALLOCATING UP TO EIGHTY PERCENT OF NETINCOME TO PROJECT VIDA, A RELATED PARTY, ON A MONTHLY BASIS. SUPPORT OF $422,673 PROVIDED TO PROJECT VIDA DURING THE YEAR ENDED AUGUST 31, 2024, WAS RECOGNIZED AS AN EXPENSE BY PVCDC. 0 PROJECT VIDA MUTUAL BOARD MEMBERS AND MUTUAL MANAGEMENT 19188 PVCDC RECEIVED A GRANT AWARD FROM THE U.S. SMALL BUSINESS ADMINISTRATION FOR THE MICROENTERPRISE PRIME TECHNICAL ASSISTANCE PROGRAM, TO BE ADMINISTERED DURING THE PERIOD OF SEPTEMBER 29, 2022, THROUGH SEPTEMBER 29, 2023. PROJECT VIDA AND PVCDC JOINTLY MANAGE THE GRANT. TOTAL EXPENSES FOR THE MICROENTERPRISE GRANT FOR PVCDC AMOUNTED TO $19,188. TOTAL EXPENSES FOR THE MICROENTERPRISE MATCH EXPENSES PROVIDED BY PROJECT VIDA AMOUNTED TO $19,188 AS WELL. 0 X FORGIVENESS OF DEBT 1 412126 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 WILLIAM SCHLESINGER AND CAROL SCHLESINGER ARE MARRIED TO ONE ANOTHER. WILLIAM AND CAROL SCHLESINGER RETIRED EFFECTIVE JANUARY 1, 2025. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT REVIEWS FORM 990 TO ENSURE THAT THE RETURN ACCURATELY REPRESENTS THE ENTITY'S ACTIVITY FOR THE YEAR, AND THAT FORM 990 AGREES TO THE AUDITED FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION B, LINE 12C PVCDC MONITORS AND ENFORCES ITS CONFLICT OF INTEREST POLICY THROUGH BOARD INSTRUCTIONS TO THE CO-DIRECTORS OF PROJECT VIDA. BOARD MEMBERS SIGNED A CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION C, LINE 18 FORM 990 IS MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: SUPPORT TO AFFILIATED AGENCY -422,673. CONSOLIDATION OF LINDA VISTA APARTMENTS LTD. 0. EQUITY ON EARNINGS OF AFFILIATE 0. FORM 990, PART XII, LINE 2C: THE PROCESS FOR SELECTION AND APPROVAL OF AUDITORS HAS NOT CHANGED FROM PRIOR YEARS. PROJECT VIDA 3607 RIVERA AVE EL PASO TX 79905 742481679 PROVIDES COMMUNITY SERVICE AND DEVELOPMENT TX 501(C)(3) LINE 7 N/A 0 PROJECT VIDA HEALTH CENTER 3607 RIVERA AVE EL PASO TX 79905 680541648 TO PROVIDE MEDICAL AND HEALTH-RELATED SERVICES TO INDIVIDUALS TX 501(C)(3) LINE 7 N/A 0 PVCDC LINDA VISTA APARTMENTS LTD 3607 RIVERA AVE EL PASO TX 79905 203691509 TO PROVIDE HOUSING TO LOW-INCOME TENANTS TX N/A RELATED 0 0 1.00000 PVCDC ST ANDREWS APARTMENTS 3607 RIVERA AVE EL PASO TX 79905 273508459 TO PROVIDE SUPPORTIVE HOUSING TO LOW-INCOME TENANTS WITH DISABILITIES. TX N/A RELATED 0 0 0 1 0 1 1 0 0 0 0 1 0 0 1 1 1 0 0 0 0 PROJECT VIDA N 0 SHARING FACILITIES PROJECT VIDA N 43386 SHARING EMPLOYEES PROJECT VIDA J 3020 LEASE PROJECT VIDA J 39906 LEASE PROJECT VIDA E 240325 DUE TO PV PROJECT VIDA D 209081 DUE FROM PV PROJECT VIDA B 422673 NET INCOME ALLOCATION FROM PVCDC PROJECT VIDA N 19188 GRANT REIMBURSEMENT OWNERSHIP ALL PROJECT VIDA M 115642 MANAGEMENT FEES