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← TELACU HOUSING COMMERCE II INC

Form 990 for tax year 2024

Filed by TELACU HOUSING COMMERCE II INC.

Totals

Total revenue
$357,972
Total expenses
$434,532
Contributions and grants received
$247,182
Grants paid
$0
Program services expenses (Part IX)
$388,109
Management and general expenses
$46,423
Fundraising expenses
$0
Program service expenses (Part III)
$388,109

Program services were 89.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MICHAEL D LIZARRAGA

    PRESIDENT

    Total calculated
    $2,334,042
    From this org
    $0
    From related orgs
    $2,292,957
    Other
    $41,085
    Hours/week
    0.1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $584,317 related
    Bonus
    $0 + $1,700,000 related
    Other
    $0 + $8,640 related
    Deferred
    $0 + $6,100 related
    Nontaxable benefits
    $0 + $34,985 related
    Filer's total
    $0 + $2,334,042 related

  • TOM PROVENCIO

    VICE PRESIDENT & TREASURER

    Total calculated
    $286,230
    From this org
    $0
    From related orgs
    $267,469
    Other
    $18,761
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $207,469 related
    Bonus
    $0 + $60,000 related
    Other
    $0
    Deferred
    $0 + $3,186 related
    Nontaxable benefits
    $0 + $15,575 related
    Filer's total
    $0 + $286,230 related

  • PAUL SAMUEL

    SECRETARY

    Total calculated
    $1,031,933
    From this org
    $0
    From related orgs
    $992,211
    Other
    $39,722
    Hours/week
    0.1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $567,746 related
    Bonus
    $0 + $415,825 related
    Other
    $0 + $8,640 related
    Deferred
    $0 + $6,100 related
    Nontaxable benefits
    $0 + $33,622 related
    Filer's total
    $0 + $1,031,933 related

  • JOSE ELIZONDO

    DIRECTOR

    Total calculated
    $25,640
    From this org
    $0
    From related orgs
    $25,640
    Other
    $0
    Hours/week
    0.1 + 0.7 related

  • ALEX SOTOMAYOR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.7 related

  • JAMES HODGES

    DIRECTOR

    Total calculated
    $36,000
    From this org
    $0
    From related orgs
    $36,000
    Other
    $0
    Hours/week
    0.1 + 0.7 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, LINE 4B
ADDITIONAL COMPENSATION DISCLOSURE--MICHAEL LIZARRAGA IN ADDITION TO THE $30,500 401(K) PLAN, THE PRESIDENT WILL RECEIVE FROM A RELATED ORGANIZATION AN EXECUTIVE RETIREMENT BENEFIT PAYABLE UPON RETIREMENT OF $175,000 A YEAR FOR LIFE. AS OF 12/31/2024, MR. LIZARRAGA WAS 70% VESTED IN THE BENEFIT. IN ADDITION, MR. LIZARRAGA WILL RECEIVE DEFERRED COMPENSATION LUMP SUM PAYMENT WITH A CURRENT VALUE OF APPROXIMATELY $159,278. AS OF 12/31/2024, MR. LIZARRAGA WAS 100% VESTED.
SCHEDULE J, LINE 4B
ADDITIONAL COMPENSATION DISCLOSURE--TOM PROVENCIO IN ADDITION TO THE $15,930 401(K) PLAN, MR. PROVENCIO WILL RECEIVE FROM A RELATED ORGANIZATION A DEFERRED COMPENSATION LUMP SUM PAYMENT OF $200,000 UPON RETIREMENT. AS OF 12/31/2024, MR. PROVENCIO WAS 100% VESTED.
SCHEDULE J, LINE 4B
ADDITIONAL COMPENSATION DISCLOSURE--PAUL SAMUEL IN ADDITION TO THE $30,500 401(K) PLAN, MR. SAMUEL WILL RECEIVE FROM A RELATED ORGANIZATION A DEFERRED COMPENSATION LUMP SUM PAYMENT WITH A CURRENT VALUE OF APPROXIMATELY $147,277. AS OF 12/31/2024, MR. SAMUEL WAS 100% VESTED.
SCHEDULE J, PART II
THE BOARD OF DIRECTORS ESTABLISHES THE TOP MANAGEMENT OFFICIAL'S COMPENSATION. THE COMPENSATION POLICY IS DETERMINED BASED UPON OCCASIONAL COMPENSATION STUDIES PERFORMED BY AN INDEPENDENT CONSULTANT.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
28 October 2025
IRS schema version
2024v5.2
Source object
202503149349303125

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