2026-03-18T14:43:36-04:00 2023-12-31 752795237 BEAL & WILKES PC 24 SMITH RD STE 225 MIDLAND TX 79705 990 2023-01-01 752280264 MIDLAND COMMUNITY DEVELOPMENT CORP MIDL 4326822520 208 S MARIENFELD MIDLAND TX 79701 SANDRA TORRES EXECUTIVE DIRECTOR 4326822520 2026-03-18 true true SIDNEY R BEAL P00306776 4326883946 2026-03-18 2023 2025-03-06 01:10:19Z X JERRY MORALES 208 S MARIENFELD MIDLAND TX 79701 879857 false X WWW.MIDLANDCDC.ORG X 1989 TX THE ORGANIZATION ASSISTS QUALIFIED FIRST TIME HOMEBUYERS WITH CREDIT REPORT REVIEW, COUNSELING, AND DOWN PAYMENT ASSISTANCE TO BE "MORTGAGE READY" IN THE PUCHASE OF THEIR FIRST HOME. IN PARTNERSHIP WITH THE CITY OF MIDLAND, THE ORGANIZATION REVITALIZES "TARGET AREAS" DESIGNATED AS DISTRESSED BY DEVELOPING HOME COMMUNITIES FOR THESE QUALIFIED LOW INCOME FAMILIES. 11 11 4 11 0 277500 223150 327543 342786 152268 -58168 127514 174420 884825 682188 0 0 262790 252624 0 10104 218764 215873 481554 468497 403271 213691 4190846 4549039 265468 409970 3925378 4139069 X THE ORGANIZATION ASSISTS QUALIFIED FIRST TIME HOMEBUYERS WITH CREDIT REPORT REVIEW, COUNSELING, AND DOWN PAYMENT ASSISTANCE TO BE "MORTGAGE READY" IN THE PUCHASE OF THEIR FIRST HOME. IN PARTNERSHIP WITH THE CITY OF MIDLAND, THE ORGANIZATION REVITALIZES "TARGET AREAS" DESIGNATED AS DISTRESSED BY DEVELOPING HOME COMMUNITIES FOR THESE QUALIFIED LOW INCOME FAMILIES. false false 356341 342786 THE ORGANIZATION MAINTAINS AN AFFORDABLE HOUSING PROGRAM WHICH CONSISTS OF ONE-ON-ONE CREDIT COUNSELING, AND ASSISTANCE IN LOCATING A MORTGAGE LENDER WITH A CURRENT MARKET RATE FOR THE FIRST-TIME HOMEBUYER. 356341 true true false false false false false false false false true false false false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false true true true false false true 0 0 true 4 true false false false false false false false false false false false false false false X 11 11 false false false false false false false true true false false false true true true true true true false false X SANDRA TORRES 4326822520 208 S MARIENFELD MIDLAND TX 79701 BRAD BULLOCK CHAIRMAN 0.19 X X 0 0 0 ERIC WESPHAL TREASURER 0.19 X X 0 0 0 GILBERT ABILA MEMBER 0.15 X 0 0 0 MARCEL CAMPOS MEMBER 0.11 X 0 0 0 BRENDA E CORDERO MEMBER 0.17 X 0 0 0 CHRISTOPHER EDGMOND MEMBER 0.16 X 0 0 0 SANDRA JAVELLY MEMBER 0.09 X 0 0 0 JERRY MORALES MEMBER 0.08 X 0 0 0 AUSTIN NELSON MEMBER 0.18 X 0 0 0 IRMA QUIROZ MEMBER 0.15 X 0 0 0 LUIS SANCHEZ MEMBER 0.09 X 0 0 0 JAIME GANDARA ACCOUNTANT 40.00 X 66208 0 12801 SANDRA TORRES EX DIR - JUL 40.00 20.00 X 66752 0 13541 132960 26342 false false false 223150 223150 RENTAL INCOME 222100 222100 DEVELOPER FEES 96867 96867 RESIDENT SERVICES 20000 20000 CREDIT REPORTS 3819 3819 342786 39501 1002 38499 169466 169466 100000 197669 -97669 -97669 -97669 OTHER INCOME 4954 4954 4954 682188 251073 207965 132960 61412 71548 52501 48301 4200 43118 27434 6541 9143 6535 3921 2353 261 17510 10506 6304 700 4618 3768 850 61474 61474 4525 4525 3114 2335 779 27263 27263 49121 49121 COMMUNITY DEVELOPMENT 40968 40968 AUTO EXPENSES 12112 12112 MISCELLANEOUS 6006 1201 4805 DUES & SUBSCRIPTIONS 4000 2000 2000 2672 2672 468497 356341 102052 10104 1511430 258637 225150 15800 169872 708874 3604 2904 6739 6078 3950878 394132 2274051 3556746 4190846 4549039 30368 196970 179100 132500 56000 80500 265468 409970 X 2634437 4127020 1290941 12049 3925378 4139069 4190846 4549039 213691 X false true X true false X 132900 193213 185101 52500 223150 786864 132900 193213 185101 52500 223150 786864 146078 640786 12019 9308 211205 129019 207965 569516 192 823 189 2836 4954 8994 1365374 2062807 0.46930 0.43780 X SUPPORTING SCHEDULE LAND DEVELOPMENT 0 LAND DEVELOPMENT 0 PART II, LINE 10 OTHER INCOME 9,462 K-1 INCOME OR (LOSS) -468 CREDIT REPORTS 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1442731 1442731 266551 139603 126948 31151 29634 1517 288855 224895 63960 1635156 682188 682188 682188 468497 468497 468497 FORM 990, PAGE 1, ITEM B THE FORM 990 ORIGINALLY FILED WAS FILED BEFORE THE AUDIT WAS COMPLETED. THE AMENDED RETURN REFLECTS THE ADJUSTMENTS MADE AS A RESULT OF THE AUDIT. FORM 990 - ORGANIZATION'S MISSION THE ORGANIZATION ASSISTS QUALIFIED FIRST TIME HOMEBUYERS WITH CREDIT REPORT REVIEW, COUNSELING, AND DOWN PAYMENT ASSISTANCE TO BE "MORTGAGE READY" IN THE PUCHASE OF THEIR FIRST HOME. IN PARTNERSHIP WITH THE CITY OF MIDLAND, THE ORGANIZATION REVITALIZES "TARGET AREAS" DESIGNATED AS DISTRESSED BY DEVELOPING HOME COMMUNITIES FOR THESE QUALIFIED LOW INCOME FAMILIES. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 WAS MADE AVAILABLE TO THE EXECUTIVE DIRECTOR BEFORE IT WAS FILED. FORM 990, PAGE 6, PART VI, LINE 12C ANY POTENTIAL CONFLICT IS BROUGHT UP AT THE NEXT BOARD MEETING AND DISCUSSED BY THE BOARD AND RESOLVED AT THAT POINT. FORM 990, PAGE 6, PART VI, LINE 15A THE ORGANIZATION BELONGS TO THE TEXAS CHAPTER OF COMMUNITY DEVELOPMENT CORPORATIONS WHICH PROVIDES A COMPENSATION SURVEY ON AN ANNUAL BASIS. THE ORGANIZATION USES THIS SURVEY AS A GUIDE, AND THEN THE BOARD OF DIRECTORS DETERMINES THE SALARY PERIODICALLY. FORM 990, PAGE 6, PART VI, LINE 19 UPON REQUEST. MCHDO 208 S MARIENFELD MIDLAND TX 79701 753034693 CONSTR. TX 501C3 12B MCDC false false false false true false false false false false true false false true false false false true false false MCHDO D 690000 COST MCHDO J 132000 BOARD-DETERMINED 11K/MO MCHDO M 200000 COST MCHDO Q 62027 COST