Overview
What is Houston Business Development Inc?
Houston Business Development Inc is a nonprofit organization situated in Houston, Texas, with a focus on fostering economic growth and revitalizing underserved communities. Established at 5330 Griggs Road, the organization provides small and minority businesses with flexible and affordable loans, management and technical assistance, and office space at reasonable rates. Beyond this, they offer credit management training, small business incubation, and the development of affordable housing and multi-family rental apartments in underserved areas. Moreover, Houston Business Development Inc engages in the adaptive reuse of commercial properties to contribute to the overall improvement of these neighborhoods. The organization's mission is to stimulate economic growth, combat community deterioration, and build safe, vibrant, and healthy neighborhoods, with a dedicated workforce of 10 individuals.
Official website here: www.hbdi.org
Is Houston Business Development Inc legitimate?
Houston Business Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Houston Business Development Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $127,782
Professional Fundraising Fees: $0
Other Salaries and Wages: $351,937
For more financial information, click here
Official website here: www.hbdi.org
What is the mission statement of Houston Business Development Inc?
Houston Business Development Inc's mission is centered around stimulating economic growth and revitalizing under-served communities. The corporation aims to combat community deterioration and facilitate the construction of safe, vibrant, and healthy neighborhoods. In addition to providing small and minority businesses with flexible loans, management assistance, and affordable office space, Houston Business Development Inc has expanded its approach to community development. This now includes credit management training, small business incubation, the development of affordable housing, and the adaptive reuse of commercial properties in under-served areas.
Official website here: www.hbdi.org
Who is the CEO of Houston Business Development Inc?
Marlon Mitchell is the President & Ceo of Houston Business Development Inc. The CEO's salary of Houston Business Development Inc is $99,689 and their total compensation is $123,201.
Official website here: www.hbdi.org
What is the revenue of Houston Business Development Inc?
Houston Business Development Inc's revenue in 2020 was $3,620,643.
Official website here: www.hbdi.org
Who are the executives of Houston Business Development Inc and what are their salaries?
The average compensation at Houston Business Development Inc during 2020 was $47,972. There are 10 employees at Houston Business Development Inc.
Here are 14 key members and their salaries (Houston Business Development Inc's CEO's salary is $99,689 and their total compensation is $123,201):
- Marlon Mitchell (President & Ceo)
- George Johnson (Director)
- Nasr Khan (Director)
- Pearl Wright (Director)
- Mike Kacal (Director)
- Machael Trejo (Director)
- Clark Lord (Director)
- Raymond Bourgeois (Director)
- Ken Bolton (Director)
- Algenita Scott Davis (Director)
- Phillip Aitsebaomo (Vice Chairman) [Trustee/Director]
- Larry Hawkins (Chairman) [Trustee/Director]
- Benny Rodriguez (Secretary) [Trustee/Director]
- Ziwadi Bryant (Treasurer) [Trustee/Director]
Official website here: www.hbdi.org
Where can I find the form 990 for Houston Business Development Inc?
The Houston Business Development Inc’s most recent form 990 was submitted in 2020 and can be accessed here
Official website here: www.hbdi.org
Learn more at the official website: www.hbdi.org
Mission Statement of Houston Business Development Inc
Houston Business Development Inc, a nonprofit organization, is committed to stimulating economic growth and combating community deterioration. Its mission extends to revitalizing under-served communities and facilitating the development of safe, vibrant, and healthy neighborhoods. To achieve this, the nonprofit offers various services. It provides flexible and affordable business loans to small and minority businesses, along with management and technical assistance. Additionally, Houston Business Development Inc offers office space at reasonable rents at its Business Technology Center (BTC or Palm Center).
Beyond financial support, the organization takes a comprehensive approach to community development. It offers credit management training to help businesses manage their finances effectively. Houston Business Development Inc also supports small business incubation, providing a nurturing environment for new businesses to grow and thrive. Furthermore, the nonprofit is involved in the development of affordable single-family homes and multi-family rental apartments in underserved neighborhoods. Additionally, it focuses on the adaptive reuse of commercial properties in these areas, transforming them into valuable assets for the community.
Impact
This information is meant to be a general summary of Houston Business Development Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Houston Business Development Inc's impact is significant in stimulating economic growth, combating community deterioration, revitalizing under-served communities, and facilitating the building of safe, vibrant, and healthy neighborhoods in Houston, Texas. With a focus on providing small and minority businesses with flexible and affordable business loans, management and technical assistance services, as well as office space at reasonable rents at its Business Technology Center, HBDi takes a comprehensive approach to community development. This includes offering credit management training, small business incubation, developing affordable housing, and adaptive reuse of commercial properties in underserved neighborhoods. Overall, HBDi plays a crucial role in driving positive change and fostering community improvement in Houston.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2020.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental & Service Income
Revenue
$973,721
Interest Income & Fees
Revenue
$1,145
Organization Details
Founding Year
1986
Principal Officer
Marlon Mitchell
Main Address
5330 Griggs Road, Houston, TX, 77021
Website
www.hbdi.org
NTEE Category
Code: S43 - Community improvement
If you are a representative of Houston Business Development Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.