Program areas at Heart of Texas Economic Development District
Provision of buildings - the Heart of Texas Economic Development District (hotedd) provides buildings to the Heart of Texas council of governments (hotcog), which is a regional governmental unit, and to Heart of Texas workforce Development, a tax-exempt organization located in the hotcog region. This allows these organizations to further their exempt purposes of promoting Economic growth in the hotcog region and increasing employment opportunities for the unemployed and underemployed, which follow directly in line with hotedd's exempt purpose.
Provision of loans - the revolving loan program is a source of funding for businesses that are unable to obtain conventional loans. Loan programs focus on small and emerging private business enterprises in rural areas and small or microenterprise business in eligible communities.
Provision of grants - the Heart of Texas Economic Development District serves as a pass-through entity for eda grant funds.
Grants made by Heart of Texas Economic Development District
Personnel at Heart of Texas Economic Development District
| Name | Title | Compensation | Date of data |
|---|
| Russell Devorsky | President | $0 | 2024-08-14 |
| Charles Eaton | Vice Chair | $0 | 2023-09-30 |
| Cindy Vanlandingham | Secretary and Treasurer | $0 | 2023-09-30 |
| Jerry Baker | Immediate Past Chair | $0 | 2023-09-30 |
| Ignacio Vasquez | Chair | $0 | 2023-09-30 |
| ...and 4 more key personnel |
Financials for Heart of Texas Economic Development District
| Revenues | FYE 09/2023 | FYE 09/2022 | % Change |
|---|
| Total grants, contributions, etc. | $32,788 | $15,666 | 109.3% |
| Program services | $18,480 | $2,330 | 693.1% |
| Investment income and dividends | $23,508 | $3,944 | 496% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $156,658 | $155,029 | 1.1% |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $231,434 | $176,969 | 30.8% |
Organizations like Heart of Texas Economic Development District
| Organization | Type | Location | Revenue |
|---|
| Cuming County Economic Development | 501(c)(3) | West Point, NE | $541,797 |
| Gallup Bid | 501(c)(3) | Gallup, NM | $248,391 |
| C E O Council Foundation | 501(c)(3) | Peoria, IL | $327,805 |
| Valley Shenango Economic Development Corporation | 501(c)(3) | Sharon, PA | $282,783 |
| PRISM Economic Development Corporation | 501(c)(3) | Milwaukee, WI | $1,155,184 |
| Grant County Economic Growth Council | 501(c)(3) | Marion, IN | $808,045 |
| Select Cobb | 501(c)(3) | Atlanta, GA | $250,000 |
| Waukesha County Center for Growth | 501(c)(3) | Waukesha, WI | $611,463 |
| Alleghany Highlands Economic Development Corporation | 501(c)(3) | Covington, VA | $239,255 |
| Institute for Economic Development Riverfront Alliance of Delaware County | 501(c)(3) | Chester, PA | $889,100 |
Data update history
September 21, 2024
Updated personnel
Identified 1 new personnel
September 30, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 21, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 26, 2023
Updated personnel
Identified 3 new personnel
August 14, 2022
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
HealthDiseases and disordersCommunity improvementEconomic development
Characteristics
State / local levelReceives government fundingEndowed supportTax deductible donationsNo full-time employeesAccepts online donations
General information
- Address
- 1514 S New Rd
- Waco, TX 76711
- Metro area
- Waco, TX
- County
- McLennan County, TX
- Website URL
- hoteddtx.com/Â
- Phone
- (254) 292-1800
IRS details
- EIN
- 27-0083125
- Fiscal year end
- September
- Taxreturn type
- Form 990
- Year formed
- 2003
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S30: Economic Development
- NAICS code, primary
- 926110: Economic Development Corporations and Economic Program Organizations
- Parent/child status
- Independent
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