Houston, TX

HOUSTON BUSINESS DEVELOPMENT INC

EIN 76-0216784

Community & Economic Development Small Business & Entrepreneurship Communities of color Low-income

Mission

To stimulate economic growth, combat community deterioration, revitalize underserved communities, and facilitate the building of safe, vibrant, and healthy neighborhoods by supporting small businesses with capital, technical assistance, and community development services.

IRS-recognized 501(c)(3) public charity Contributions are tax-deductible

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About HOUSTON BUSINESS DEVELOPMENT INC

Houston Business Development, Inc. (HBDI) is a Houston-based nonprofit community development organization and certified CDFI founded in 1986 that provides below-market loans, business advisory services, affordable office/co‑working space, and real-estate redevelopment to support small and minority-owned businesses and neighborhood revitalization. HBDI operates a Business Innovation & Technology (BIT) Center and offers entrepreneurship training, credit management, loan products, and incubation services that target undercapitalized markets. In recent filings (fiscal year 2024) HBDI reported approximately $4.5M in revenue, program-first spending (about 90% program efficiency), and continued growth of its lending and community development portfolio under President & CEO Marlon Mitchell.

Notable achievements

Large cumulative financing impact

Built a multi-decade lending and financing track record with the website reporting a cumulative small-business financial impact (reported metric) in the hundreds of millions and thousands of jobs supported through loans and technical assistance.

Business Innovation & Technology (BIT) Center

Established and operates the BIT Center offering affordable office/co‑working space, client advisory services, training programs, and year-round visitation that support hundreds of entrepreneurs annually.

Real estate & community revitalization projects

Implements adaptive reuse and affordable housing and mixed-income development projects as part of a holistic community revitalization strategy linked to small-business growth.

At a glance

Total assets: $18.4M
Annual revenue: $4.5M
Tax status: 501(c)(3)Public charity
EIN: 76-0216784
Location: Houston, TX
Website: hbdi.org
On Mahalo since: September 2026

Financial figures from the IRS Business Master File, the IRS’s registry of tax-exempt organizations.

Recognition

Listed and rated by major nonprofit information services and reviewers and publicly identified as an active 501(c)(3) community development organization.

Operates as a certified Community Development Financial Institution (CDFI) and has been a recipient of CDFI Fund program awards/allocations.

Recognized on charity-rating and nonprofit-data platforms for strong program efficiency and governance features in recent Form 990 filings.

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