Form 990 for tax year 2023
Filed by RUFINO CONTRERAS AFFORDABLE HOUSING CORPORATION INC.
Totals
- Total revenue
- $4,859,282
- Total expenses
- $5,759,143
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $4,859,282
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $32,312,492
- Total liabilities, end of year
- $41,423,667
- Net assets or fund balances, end of year
- -$9,111,175
- Program services expenses (Part IX)
- $5,654,301
- Management and general expenses
- $104,842
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $5,654,301
Program services were 98.2% 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.
-
2a · Program service revenue: RENTAL INCOME
total $4,450,460 · related or exempt $4,450,460
-
2b · Program service revenue: MISCELLANEOUS INCOME
total $299,422 · related or exempt $299,422
-
2c · Program service revenue: TENANT CHARGES
total $107,945 · related or exempt $107,945
-
2d · Program service revenue: INTEREST-DEVELOPER NOTES
total $1,455 · related or exempt $1,455
Functional expenses
Part IX, the statement of functional expenses.
-
9 · Other employee benefits
total $140,687 · program services $140,687
-
10 · Payroll taxes
total $53,721 · program services $53,721
-
11a · Fees: management
total $252,259 · program services $252,259
-
11b · Fees: legal
total $29,747 · program services $29,747
-
11c · Fees: accounting
total $59,892 · management and general $59,892
-
11g · Fees: other
total $45,841 · program services $891 · management and general $44,950
-
12 · Advertising and promotion
total $20,122 · program services $20,122
-
13 · Office expenses
total $191,634 · program services $191,634
-
19 · Conferences, conventions and meetings
total $2,395 · program services $2,395
-
20 · Interest
total $781,258 · program services $781,258
-
22 · Depreciation, depletion and amortization
total $559,627 · program services $559,627
-
23 · Insurance
total $937,233 · program services $937,233
-
24a · Other expenses: REPAIR AND MAINTENANCE
total $924,143 · program services $924,143
-
24b · Other expenses: COMPENSATION
total $693,092 · program services $693,092
-
24c · Other expenses: UTILITIES
total $513,112 · program services $513,112
-
24d · Other expenses: BAD DEBTS
total $257,933 · program services $257,933
-
24e · All other expenses
total $296,447 · program services $296,447
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $304,569 · end of year $363,213
-
4 · Accounts receivable
beginning of year $106,076 · end of year $46,089
-
7 · Other notes and loans receivable
beginning of year $5,722,839 · end of year $5,722,839
-
9 · Prepaid expenses and deferred charges
beginning of year $45,632 · end of year $60,695
-
10a · Land, buildings and equipment: cost or other basis
$23,654,290
-
10b · Land, buildings and equipment: accumulated depreciation
$8,939,724
-
10c · Land, buildings and equipment, net
beginning of year $15,067,694 · end of year $14,714,566
-
13 · Investments: program-related
beginning of year $5,418,645 · end of year $5,418,645
-
15 · Other assets
beginning of year $5,868,090 · end of year $5,986,445
-
17 · Accounts payable and accrued expenses
beginning of year $95,686 · end of year $80,516
-
19 · Deferred revenue
beginning of year $132,421 · end of year $151,411
-
25 · Other liabilities
beginning of year $40,542,284 · end of year $41,191,740
-
27 · Net assets without donor restrictions
beginning of year -$8,236,846 · end of year -$9,111,175
Mission and programs · 2023
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 $5,654,301
As filed on the 2023 return.
Listed in Part VII
-
Manual H BernalMANUAL H BERNAL
TREASURER
- Total calculated
- $0
-
Paul F ChavezPAUL F CHAVEZ
PRESIDENT
- Total calculated
- $0
-
Juanita Valdez CoxJUANITA VALDEZ COX
DIRECTOR
- Total calculated
- $0
-
Sonia LimasSONIA LIMAS
DIRECTOR
- Total calculated
- $0
-
Maricela MartinezMARICELA MARTINEZ
DIRECTOR
- Total calculated
- $0
-
Paul S ParkPAUL S PARK
SECRETARY
- Total calculated
- $0
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.
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
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.0
- Source object
- 202413209349322296
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