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← FIDEICOMISO COMUNITARIO TIERRA LIBRE

Form 990 for tax year 2024

Filed by FIDEICOMISO COMUNITARIO TIERRA LIBRE.

Totals

Total revenue
$280,758
Total expenses
$405,139
Contributions and grants received
$259,500
Grants paid
$0
Program service revenue
$14,873
Investment income
$0
Other revenue
$6,385
Total assets, end of year
$1,139,458
Total liabilities, end of year
$2,805
Net assets or fund balances, end of year
$1,136,653
Program services expenses (Part IX)
$320,497
Management and general expenses
$46,938
Fundraising expenses
$37,704
Program service expenses (Part III)
$320,497

Program services were 79.1% 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.

  • 1f · All other contributions, gifts and grants

    $259,500

  • 2a · Program service revenue: FEE INCOME

    total $14,873 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: gross income

    $7,865

  • 8a · Fundraising events: contributions included on line 1c

    $7,865

  • 8b · Fundraising events: direct expenses

    $1,480

  • 8c · Net income from fundraising events

    total $6,385 · unrelated business $6,385 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $180,000 · program services $144,000 · management and general $18,000 · fundraising $18,000

  • 7 · Other salaries and wages

    total $70,000 · program services $56,000 · management and general $7,000 · fundraising $7,000

  • 9 · Other employee benefits

    total $45,434 · program services $36,348 · management and general $4,543 · fundraising $4,543

  • 10 · Payroll taxes

    total $19,835 · program services $15,869 · management and general $1,983 · fundraising $1,983

  • 11c · Fees: accounting

    total $9,186 · program services $7,348 · management and general $919 · fundraising $919

  • 11g · Fees: other

    total $7,080 · program services $5,664 · management and general $708 · fundraising $708

  • 13 · Office expenses

    total $692 · program services $373 · management and general $272 · fundraising $47

  • 14 · Information technology

    total $360 · program services $0 · management and general $360 · fundraising $0

  • 16 · Occupancy

    total $19,272 · program services $15,418 · management and general $1,927 · fundraising $1,927

  • 19 · Conferences, conventions and meetings

    total $9,028 · program services $8,822 · management and general $103 · fundraising $103

  • 23 · Insurance

    total $7,154 · program services $2,744 · management and general $4,067 · fundraising $343

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $697 · program services $0 · management and general $697 · fundraising $0

  • 24b · Other expenses: BOARD & STAFF RETREAT

    total $5,920 · program services $4,736 · management and general $592 · fundraising $592

  • 24c · Other expenses: DONATION

    total $857 · program services $0 · management and general $857 · fundraising $0

  • 24d · Other expenses: LICENSE & PERMITS

    total $10 · program services $0 · management and general $10 · fundraising $0

  • 24e · All other expenses

    total $29,614 · program services $23,175 · management and general $4,900 · fundraising $1,539

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $722,825 · end of year $671,487

  • 3 · Pledges and grants receivable

    beginning of year $150,000 · end of year $75,000

  • 9 · Prepaid expenses and deferred charges

    end of year $2,852

  • 13 · Investments: program-related

    beginning of year $46,911 · end of year $390,119

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,925 · end of year $2,805

  • 27 · Net assets without donor restrictions

    beginning of year $767,811 · end of year $1,061,653

  • 28 · Net assets with donor restrictions

    beginning of year $150,000 · end of year $75,000

Mission and programs · 2024

Mission

To provide opportunities for low-income residents of Boyle Heights and East Los Angele to secure housing that is decent and affordable and that is controlled by the residents on a long-term basis; To preserve the quality and afordability of housing for future low-incomeresidents on a long-term basis; and To combat community deterioration in economically disadvantged neighborhoods

  • Fideicomiso Comunitario Tierra Libre secures housing for low income residents of Boyle Heights and East LA and preserve the quality and affordability of housing in long-term basis.

    Expenses $320,497 · Grants $259,500 · Revenue $259,500

As filed on the 2024 return.

Listed in Part VII

  • Adelaida Ibarra

    CO-PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Rosa Curiel

    CO-PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Joseph Paz Dominguez

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Leticia Ramirez

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Leticia Zaragosa

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Raffael Salas-Delgado

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sergio Rosa

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Carla De Paz

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Ysabel Jurado

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Vanessa Gonzalez

    CO-DIRECTOR

    Total calculated
    $0
    Hours/week
    40

  • Roberto Garcia-Ceballos

    CO-DIRECTOR

    Total calculated
    $0
    Hours/week
    40

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
24 April 2025
IRS schema version
2024v5.2
Source object
202543199349303379

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