CEN-TEX CERTIFIED DEVELOPMENT CORPORATION | BCL OF TEXAS

AUSTIN, TX | Travis County
Community Services

Overview

CEN-TEX CERTIFIED DEVELOPMENT CORPORATION | BCL OF TEXAS
74-2581297
1011 SAN JACINTO BLVD STE 500
AUSTIN, TX 78701
Travis County
(512) 912-9884

askus@bcloftexas.org
Mission Statement info

THE MISSION OF BCL OF TEXAS IS BUILDING STRONG COMMUNITIES. BCL OF TEXAS SUPPORTS TEXANS TO ACQUIRE WEALTH-BUILDING ASSETS, SUCH AS HOMEOWNERSHIP AND ENTREPRENEURSHIP, WITH THE FINANCIAL TOOLS AND EDUCATION NECESSARY TO BUILD PERSONAL NET WORTH. WITH AN EMPHASIS ON DIVERSITY, EQUITY, AND INCLUSION, WE SERVE COMMUNITIES OF COLOR, WOMEN, VETERANS, RURAL COMMUNITIES, AND LOW AND MODERATE INCOME INDIVIDUALS, FAMILIES, AND SMALL BUSINESS OWNERS.

CRA Category info
  • Community Services
Nonprofit location info
  • This nonprofit is not located in any CRA geographies.
Awards & Certifications info
  • CDFI Organization
  • CDFI Award Recipient
  • HUD Counseling Agency
Founded info
1990
Total Employees info
20
Total Volunteers info
0
Nonprofit Classification (NTEE Code) info
S30

S - Community Improvement, Capacity Building

Economic Development

Organizations whose primary purpose is to stimulate the economy, expand employment opportunities, encourage the establishment and growth of commerce and industry and otherwise enhance the economic development of the community.

IRS Activity Codes info
403
Attracting new industry or retaining industry in an area
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
813410
Civic and Social Organizations
Targeted Clients info
  • Economically Disadvantaged
  • Entrepreneurs
  • First-Time Homebuyers
  • People Needing Credit Counseling
  • Minority Individuals
  • Minority-Owned Businesses
  • Nonprofits
  • Rural Residents
  • Small Businesses
  • Underbanked or Unbanked
  • Women
CRA Income Characteristics info
  • Low-Income
  • Moderate-Income

CRA Alignment

CRA Category info
Community Services
Social services and other support for low- and moderate-income, homeless or at-risk individuals.
86%
Percent LMI Served info
as reported by the nonprofit
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
LOWHIGH
LOWHIGH
LOWHIGH
LOWHIGH
Programs & Services info
Economic Recovery Small Business Support
Supporting and guiding small businesses to access available federal SBA loan programs as part of the national COVID-19 economic stimulus. We also work on a number of other federal programs associated with ARPA funding, US Treasury, USDA Rural Development, EDA, and HUD.
Targeted Clients info
  • Entrepreneurs
  • Minority-Owned Businesses
  • Small Businesses
  • Women-Owned Businesses
CRA Income Characteristics info
  • Low-Income
  • Moderate-Income
Community Loan Center of Austin / Community Loan Center of Dallas
The Community Loan Center (CLC) was established in 2014 in order to offer low-interest, low-fee personal loans to employees of enrolled employers as an alternative to high-cost payday and auto title loans. As a CDFI and a licensed lender regulated by the Texas Office of Consumer Credit Commissioner (OCCC) BCL offered the CLC program in Austin (Travis County) and Dallas (Dallas County) in partnership with community employers. We deploy approximately $5 million in capital annually to over 4500 Texas residents. We are always looking for new bank partners to support our commitment to provide access to capital.
Targeted Clients info
  • Economically Disadvantaged
  • General Public
  • People needing Credit Counseling
CRA Income Characteristics info
  • Low-Income
  • Moderate-Income
Financial Capability Empowerment and Homeownership Counseling
BCL of Texas, as a NeighborWorks America organization is dedicated to helping Texans achieve homeownership, build their assets, and how to grow their personal net worth. Our staff focus on closing the racial wealth divide, financial capability coaching and education, homeownership counseling and education, and post-purchase/loss mitigation support. We have a large array of programming that our bank partners are able to support and involve the employees in Texas.
Targeted Clients info
  • Economically Disadvantaged
  • Families
  • First-Time Homebuyers
  • General Public
  • People needing Credit Counseling
  • Minority Individuals
  • Underbanked or Unbanked
  • Women
CRA Income Characteristics info
  • Low-Income
  • Moderate-Income
Awards & Certifications info
Community Development Financial Institution info
Date Certified info
9/17/2013
Native American CDFI info
N
Financial Institution Type info
Loan Fund
Community Development Financial Institution Award Recipient info
Most Recent CDFI Award info
2018
$500,000
CDFI Financial Assistance
2011
$1,500,000
CDFI Financial Assistance
2000
$400,000
CDFI Financial Assistance
New Market Tax Credit Recipient info
HUD Counseling Agency info
Counseling Programs Offered info
  • Financial Management/Budget Counseling
  • Financial, Budgeting and Credit Workshops
  • Mortgage Delinquency and Default
  • Pre-Purchase Counseling
  • Pre-Purchase Homebuyer Workshops
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$7.6M
Revenue
$7.6M
Assets
$22.7M
Exempt Ruling Date info
1992-07
Deductibility Status info
Deductible
Last Tax Filing info
2020
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
States Where Tax Return is Filed info
Not reported
Basis for Foundation/Public Charity Status info
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)

Nonprofit Location

Physical Address info
1011 SAN JACINTO BLVD STE 500
AUSTIN, TX 78701
Travis County
Area Type info
Metropolitan Statistical Area
FIPS Geocoded Address info
12420
MSA/MD info
48
State info
453
County info
0011.01
Tract info
Unknown
Income Level info
Core-Based Statistical Area info
12420 - Austin-Round Rock-Georgetown, TX
Combined Statistical Area info
Not located in a CSA.
Metropolitan Division info
Not located in an MD.
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 46.37%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info
Geographies Served info
  • AL - Dallas County
  • TX - All Counties
  • TX - Hays County
  • TX - Tarrant County
  • TX - Travis County

Market Data

Census Tract County
0011.01 Travis County
Population
Total Population 2,258 1,250,884
Total Households 896 491,531
Income
Median Family Income (Census*) $0 $80,668
Median Family Income (2022 FFIEC est.) $110,300 N/A
Tract Income Percentage 0% N/A
Below Poverty Level 27.5% 11.4%
Unemployment Level 1.8% 4.3%
Housing
Total Housing Units 923 530,125
Total Owner-Occupied Units 9.0% 53.0%
Total Renter-Occupied Units 88.1% 47.0%
Total Vacant Units 2.9% 6.7%
* Census tract income based on 2020 Census estimated data; County income based on 2020 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

9
Total Voting Members
in Governing Body
info
9
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
Rosa Rios-Valdez
Executive Director
(512) 912-9884
Principal Officer info
Rosa Rios-Valdez
findCRA Profile Owner
Raquel Valdez Sanchez
Chief Operating Officer
rvaldez@bcloftexas.org
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Wistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
IRS Reported Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

This Nonprofit Profile was created using data available from publicly available government and industry sources, our own research, and information provided directly the nonprofit organization. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit www.learncra.com.