Organizations Filed Purposes:
The Corporation was organized and will be operated exclusively to carry out the purpose of Denton Assistance Center, Inc. within the meaning of Section 509(a)(3) of the Code. The Corporation (with the supported organization) has obtained New Market Tax Credit financing and with these funds, has acquired existing property in Denton, Texas and is completing additional renovations for a total projected project cost of $9.3 million. The project, the Serve Denton Center, will be one of the largest health and human services center in the state of Texas.
The Corporation was organized and will be operated exclusively to carry out the purpose of Denton Assistance Center, Inc. within the meaning of Section 509(a)(3) of the Code.
THE CORPORATION WAS ORGANIZED AND OPERATES EXCLUSIVELY TO CARRY OUT THE PURPOSES OF DENTON ASSISTANCE CENTER INC. IN DECEMBER 2018, THE NEW MARKET TAX CREDIT FINANCING WAS OBTAINED BY DENTON ASSISTANCE CENTER INC. AND SERVE DENTON CENTER INC. THE RENTAL PROGRAM REVENUE IS FROM THE SUPPORTED ORGANIZATION, DENTON ASSISTANCE CENTER INC. FOR THE USE OF THE FACILITIES. ALL EXPENSES INCURRED BY THE ORGANIZATION RELATE TO THE CONSTRUCTION OF THE SERVE DENTON CENTER USING THE NMTC FINANCING.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Michele Barber | DIRECTOR | 0.5 | $0 |
| Raymond Crawford | SECRETARY | 0.5 | $0 |
| Gene Gumfory | VP | 0.5 | $0 |
| Melanie Vest | Treasurer | 0.5 | $0 |
| Pat Smith | President & CEO | 0.5 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202042539349300309_public.xml