NonprofitsHouston Business Development Inc

Community Improvement & Capacity Building

Houston Business Development Inc

HOUSTON, TX

Total revenue

$4.5M

Total expenses

$5.2M

Net assets

$13.7M

Grants received

$1.9M

9 grants

EIN

760216784

Tax year

2024

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

Financials

FY 2024

Revenue

Contributions & grants$1.4M
Program service revenue$3.1M
Investment income
Other revenue
Total revenue$4.5M

Expenses

Grants paid
Salaries & benefits$1.6M
Fundraising$47K
Other expenses$3.6M
Total expenses$5.2M
Total assets$18.4M
Net assets$13.7M

People

13 listed

NameRoleCompensation

PHILIP AITSEBAOMA

CHAIRMAN

Board

KEN BOLTON

TRUSTEE

Board

RAYMOND BOURGEOIS

TRUSTEE

Board

LARRY CHAIRMAN

CHAIRMAN

Board

ALGENITA SCOTT DAVIS

TRUSTEE

Board

GEORGE E JOHNSON

TRUSTEE

Board

MIKE KACAL

TRUSTEE

Board

NASR KHAN

TRUSTEE

Board

CLARK LORD

TRUSTEE

Board

BENNY RODRIGUEZ

SECRETARY

Board

MICHAEL TREJO

TRUSTEE

Board

PEARL WRIGHT

TRUSTEE

Board

MARLON MITCHELL

PRESIDENT &

Staff

$233K

40 hrs/wk

Grants received

Showing 9 of 9

FromAmountPurposeYear
$150K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2023
$50K
CHARITABLE
2023
$1K
SUPPORT FINANCIAL EDUCATION
2023
$100K
PROGRAM/OPERATING SUPPORT
2022
$1K
SUPPORT FINANCIAL EDUCATION
2022

Funded by

$1.9M from 6 funders · 9 grants · 2020–2024

Greater Houston Community Foundation

$1.6M · 3 grants · 2022–2024

Jpmorgan Chase Foundation

$150K · 1 grant · 2023

The Clayton Fund Inc

$50K · 1 grant · 2023

Mufg Union Bank Foundation Ag

$20K · 1 grant · 2020

The Zions Bancorporation Foundation

$2K · 2 grants · 2022–2023

Details

EIN760216784
NTEE codeS43
Subsection03
Ruling date2019-04
Employees15
HOUSTON BUSINESS DEVELOPMENT INC — Mission, Financials & Grants Received | Grantivo