Form 990 for tax year 2024
Filed by SAN LUIS VALLEY FARMWORKER HOUSING CORPORATION INC.
Totals
- Total revenue
- $1,105,325
- Total expenses
- $1,197,206
- Contributions and grants received
- $569,988
- Grants paid
- $0
- Program service revenue
- $519,497
- Investment income
- $15,840
- Other revenue
- $0
- Total assets, end of year
- $4,670,941
- Total liabilities, end of year
- $2,040,281
- Net assets or fund balances, end of year
- $2,630,660
- Program services expenses (Part IX)
- $924,808
- Management and general expenses
- $272,398
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $924,808
Program services were 77.2% 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.
-
1e · Government grants (contributions)
$569,988
-
2a · Program service revenue: RENT INCOME
total $493,331 · related or exempt $493,331
-
2b · Program service revenue: LEASE PAYMENTS
total $21,566 · related or exempt $21,566
-
2c · Program service revenue: LAUNDRY AND VENDING
total $4,600 · related or exempt $4,600
-
3 · Investment income
total $15,840 · excluded $15,840
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $63,671 · program services $22,922 · management and general $40,749
-
7 · Other salaries and wages
total $212,305 · program services $76,430 · management and general $135,875
-
9 · Other employee benefits
total $9,452 · program services $3,403 · management and general $6,049
-
10 · Payroll taxes
total $27,157 · program services $9,777 · management and general $17,380
-
11c · Fees: accounting
total $45,125 · management and general $45,125
-
12 · Advertising and promotion
total $3,497 · program services $3,497
-
16 · Occupancy
total $222,058 · program services $222,058
-
20 · Interest
total $16,505 · program services $16,505
-
22 · Depreciation, depletion and amortization
total $427,487 · program services $427,487
-
23 · Insurance
total $3,406 · management and general $3,406
-
24a · Other expenses: MAINTENANCE AND REPAIRS
total $139,312 · program services $139,312
-
24b · Other expenses: OFFICE SUPPLIES
total $12,354 · management and general $12,354
-
24c · Other expenses: TELEPHONE
total $8,313 · management and general $8,313
-
24d · Other expenses: WORKMAN'S COMP
total $4,917 · program services $1,770 · management and general $3,147
-
24e · All other expenses
total $1,647 · program services $1,647
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $355,304 · end of year $375,853
-
2 · Savings and temporary cash investments
beginning of year $882,046 · end of year $743,880
-
8 · Inventories for sale or use
beginning of year $1,000 · end of year $1,000
-
9 · Prepaid expenses and deferred charges
beginning of year $41,101 · end of year $46,240
-
10a · Land, buildings and equipment: cost or other basis
$12,202,168
-
10b · Land, buildings and equipment: accumulated depreciation
$8,698,200
-
10c · Land, buildings and equipment, net
beginning of year $3,714,526 · end of year $3,503,968
-
17 · Accounts payable and accrued expenses
beginning of year $89,062 · end of year $29,686
-
19 · Deferred revenue
beginning of year $398,963 · end of year $377,398
-
23 · Secured mortgages and notes payable
beginning of year $1,757,811 · end of year $1,608,197
-
25 · Other liabilities
beginning of year $25,600 · end of year $25,000
-
27 · Net assets without donor restrictions
beginning of year -$2,475,295 · end of year -$2,429,457
-
28 · Net assets with donor restrictions
beginning of year $5,197,836 · end of year $5,060,117
Mission and programs · 2024
Mission
SAN LUIS VALLEY FARM WORKER HOUSING CORPORATION WAS CREATED TO EXPAND OPPORTUNITIES AVAILABLE TO MIGRANT AND SEASONAL FARMWORKERS BY ALLOWING THEM TO OBTAIN LOW-COST HOUSING ACCOMMODATIONS BY CONSTRUCTING, REHABILITATING AND PROVIDING DECENT, SAFE AND SANITARY HOUSING IN THE AREA. THE HOUSING IS FOR LOW-INCOME PERSONS AND FAMILIES WHO OTHERWISE WOULD NOT BE ABLE TO AFFORD OR FIND A SUITABLE PLACE TO LIVE. THE FEDERAL GOVERNMENT THROUGH THE US DEPARTEMENT OF AGRICULTURE AND RURAL DEVELOPMENT AND VARIOUS OTHER STATE FINANCING AGENCIES HEAVILY SUBSIDIZE THIS PROGRAM.
-
THE PURPOSE OF THIS CORPORATION IS TO PROVIDE AFFORDABLE HOUSING TO LOW- INCOME, ELDERLY AND HANDICAPPED INDIVIDUALS
Expenses $924,808 · Revenue $519,497
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Raymond HurtadoRAYMOND HURTADO
EXECUTIVE DI
- Total calculated
- $63,671
- From this org
- $63,671
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Paul FosterPAUL FOSTER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Carla Vigil GomezCARLA VIGIL GOMEZ
SEC/TREASURE
- Total calculated
- $0
- Hours/week
- 1
-
Toni RomeroTONI ROMERO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mike TrujilloMIKE TRUJILLO
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 15 May 2026
- IRS schema version
- 2024v5.0
- Source object
- 202640139349301949
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