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Nonprofiteer
← RUFINO CONTRERAS AFFORDABLE HOUSING CORPORATION INC

Form 990 for tax year 2022

Filed by RUFINO CONTRERAS AFFORDABLE HOUSING CORPORATION INC.

Totals

Total revenue
$4,686,981
Total expenses
$6,226,218
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$4,662,047
Investment income
$24,934
Other revenue
$0
Total assets, end of year
$32,533,545
Total liabilities, end of year
$40,770,391
Net assets or fund balances, end of year
-$8,236,846
Program services expenses (Part IX)
$6,130,708
Management and general expenses
$95,510
Fundraising expenses
$0
Program service expenses (Part III)
$6,130,708

Program services were 98.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: RENTAL INCOME

    total $4,341,680 · related or exempt $4,341,680

  • 2b · Program service revenue: MISCELLANEOUS INCOME

    total $240,283 · related or exempt $240,283

  • 2c · Program service revenue: TENANT CHARGES

    total $79,718 · related or exempt $79,718

  • 2d · Program service revenue: INTEREST-DEVELOPER NOTES

    total $366 · related or exempt $366

  • 3 · Investment income

    total $24,934 · related or exempt $24,934

Functional expenses

Part IX, the statement of functional expenses.

  • 9 · Other employee benefits

    total $128,158 · program services $128,158

  • 10 · Payroll taxes

    total $52,074 · program services $52,074

  • 11a · Fees: management

    total $223,553 · program services $223,553

  • 11b · Fees: legal

    total $23,710 · program services $23,710

  • 11c · Fees: accounting

    total $55,260 · management and general $55,260

  • 11g · Fees: other

    total $42,518 · program services $2,268 · management and general $40,250

  • 12 · Advertising and promotion

    total $25,079 · program services $25,079

  • 13 · Office expenses

    total $173,456 · program services $173,456

  • 19 · Conferences, conventions and meetings

    total $7,956 · program services $7,956

  • 20 · Interest

    total $791,645 · program services $791,645

  • 22 · Depreciation, depletion and amortization

    total $552,706 · program services $552,706

  • 23 · Insurance

    total $1,488,080 · program services $1,488,080

  • 24a · Other expenses: REPAIR AND MAINTENANCE

    total $1,112,154 · program services $1,112,154

  • 24b · Other expenses: COMPENSATION

    total $665,171 · program services $665,171

  • 24c · Other expenses: UTILITIES

    total $502,017 · program services $502,017

  • 24d · Other expenses: BAD DEBTS

    total $166,133 · program services $166,133

  • 24e · All other expenses

    total $216,548 · program services $216,548

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $160,815 · end of year $304,569

  • 4 · Accounts receivable

    beginning of year $60,291 · end of year $106,076

  • 7 · Other notes and loans receivable

    beginning of year $1,542,690 · end of year $5,722,839

  • 9 · Prepaid expenses and deferred charges

    beginning of year $41,579 · end of year $45,632

  • 10a · Land, buildings and equipment: cost or other basis

    $23,447,790

  • 10b · Land, buildings and equipment: accumulated depreciation

    $8,380,096

  • 10c · Land, buildings and equipment, net

    beginning of year $15,620,400 · end of year $15,067,694

  • 13 · Investments: program-related

    beginning of year $5,418,911 · end of year $5,418,645

  • 15 · Other assets

    beginning of year $9,413,033 · end of year $5,868,090

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,004,793 · end of year $95,686

  • 19 · Deferred revenue

    beginning of year $135,537 · end of year $132,421

  • 25 · Other liabilities

    beginning of year $37,814,998 · end of year $40,542,284

  • 27 · Net assets without donor restrictions

    beginning of year -$6,697,609 · end of year -$8,236,846

Mission and programs · 2022

Mission

THE CORPORATION WAS ORGANIZED TO ENGAGE IN CHARITABLE ACTIVITIES WITH REGARD TO LOW INCOME FAMILIES WITH HOUSING, WELFARE AND SOCIAL SERVICES.

  • THE ORGANIZATION'S WHOLLY OWNED SUBSIDIARIES, SAN ANTONIO LOW-INCOME HOUSING, LLC, AND SOUTH UNION HOUSING DEVELOPMENT, LLC, OWN LOW INCOME HOUSING PROJECTS IN SAN ANTONIO AND HOUSTON, TEXAS, RESPECTIVELY. THE ORGANIZATION ALSO HOLDS GENERAL PARTNER INTERESTS IN OTHER LOW INCOME HOUSING PROJECTS,AND IS CURRENTLY SPONSORING THE DEVELOPMENT OF TWO LOW INCOME HOUSING PROJECTS. THESE ACTIVITIES PROVIDE LOW-INCOME INDIVIDUALS AND FAMILIES CONTINUED ACCESS TO AFFORDABLE, SAFE HOUSING AT BELOW MARKET RENTAL RATES. THIS IS TOTALLY WITHIN THE SCOPE OF THE ORGANIZATION'S MISSION AND PROGRAM OBJECTIVES.

    Expenses $6,130,708

As filed on the 2022 return.

Listed in Part VII

  • Manual H Bernal

    TREASURER

    Total calculated
    $0
    Hours/week
    0.25 + 40 related

  • Paul F Chavez

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 40 related

  • Juanita Valdez Cox

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Sonia Limas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Maricela Martinez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Paul S Park

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 15 related

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported

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, and on a Form 990-PF Part VIII's — 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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • SAN ANTONIO LOW INCOME HOUSING LLC

    AFFORDABLE · TX

    Directly controlled by RUFINO CON

  • SOUTH UNION HOUSING DEVELOPMENT LLC

    AFFORDABLE · TX

    Directly controlled by RUFINO CON

  • AGUILA VILLAGE HOUSING DEVELOPMENT

    AFFORDABLE · TX

    Directly controlled by RUFINO CON

  • RIVERSIDE HOUSING DEVELOPMENT LLC

    LOW INCOME · TX

    Directly controlled by RUFINO CON

  • TIMBERS NORTH 104 LLC

    HOUSING · TX

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • VILLAGE AT MEADOWBEND LP I

    HOUSING · TX · general or managing partner

  • AGUILA VILLAGE HOUSING DEVELOPMENT

    HOUSING · TX · general or managing partner

  • EDCOUCH HOUSING DEVELOPMENT LP

    HOUSING · TX · general or managing partner

  • VILLAGE AT MEADOWBEND APARTMENTS II

    HOUSING · TX · general or managing partner

  • CASA KORIMA HOUSING DEVELOPMENT L

    HOUSING · TX · general or managing partner

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • AGUILA VILLAGE HOUSING DEVELOPMENT

    LOW INCOME · TX

    Directly controlled by NFP CORP

  • CHAVEZ RADIO GROUP

    RADIO BROA · CA

  • RADIO CAMPESINA BROADCASTING

    RADIO BROA · CA

  • KEENE STORE INC

    RETAIL SAL · CA

Provenance

Return type
form_990
Tax year
2022
Filed
26 October 2023
IRS schema version
2022v5.0
Source object
202312999349302251

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