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← LOS ANGELES SECTION 8 CORONADO LOMOD CORPORATION -2

Form 990 for tax year 2023

Filed by LOS ANGELES SECTION 8 CORONADO LOMOD CORPORATION -2.

Totals

Total revenue
$250,444
Total expenses
$112,031
Contributions and grants received
$200,382
Grants paid
$0
Program service revenue
$34,422
Investment income
$15,414
Other revenue
$226
Total assets, end of year
$921,469
Total liabilities, end of year
$12,408
Net assets or fund balances, end of year
$909,061
Program services expenses (Part IX)
$63,228
Management and general expenses
$48,803
Fundraising expenses
$0
Program service expenses (Part III)
$63,228

Program services were 56.4% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $200,382

  • 1g · Noncash contributions included above

    $0

  • 2f · All other program service revenue

    total $34,422 · related or exempt $34,422 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $15,414 · related or exempt $15,414 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

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

    $0

  • 11d · All other revenue

    total $226 · related or exempt $226 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $226

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $22,863 · management and general $22,863

  • 11c · Fees: accounting

    total $780 · management and general $780

  • 13 · Office expenses

    total $1,705 · management and general $1,705

  • 17 · Travel

    total $918 · management and general $918

  • 22 · Depreciation, depletion and amortization

    total $3,347 · program services $3,347

  • 23 · Insurance

    total $3,554 · program services $3,554

  • 24a · Other expenses: Repairs and Maintenance

    total $37,088 · program services $37,088 · management and general $0 · fundraising $0

  • 24b · Other expenses: Utilities

    total $12,190 · program services $12,190 · management and general $0 · fundraising $0

  • 24c · Other expenses: Frontline Costs

    total $6,069 · program services $6,069 · management and general $0 · fundraising $0

  • 24d · Other expenses: Management Fee

    total $18,197 · program services $0 · management and general $18,197 · fundraising $0

  • 24e · All other expenses

    total $5,320 · program services $980 · management and general $4,340

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,799 · end of year $35,163

  • 2 · Savings and temporary cash investments

    beginning of year $697,098 · end of year $788,882

  • 3 · Pledges and grants receivable

    beginning of year $0

  • 4 · Accounts receivable

    beginning of year $416 · end of year -$877

  • 5 · Loans and receivables from officers and key people

    beginning of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0

  • 8 · Inventories for sale or use

    beginning of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,395 · end of year $2,603

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

    $859,002

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

    $769,359

  • 10c · Land, buildings and equipment, net

    beginning of year $76,216 · end of year $89,643

  • 15 · Other assets

    beginning of year $4,608 · end of year $6,055

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,649 · end of year $7,697

  • 18 · Grants payable

    beginning of year $0

  • 19 · Deferred revenue

    beginning of year $2,013 · end of year $13

  • 25 · Other liabilities

    beginning of year $4,221 · end of year $4,698

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $694,432 · end of year $819,418

  • 31 · Retained earnings, endowment or other funds

    beginning of year $76,217 · end of year $89,643

Mission and programs · 2023

Mission

To lease housing units to low-income families.

  • In 2022, the LA Section 8 Coronado Corp was able to house five (5) low-income families in three (3) 3-bedroom and two (2) 4-bedroom apartment units. The corporation was also able to provide and maintain safe and sanitary housing conditions for its tenants.

    Expenses $63,228

As filed on the 2023 return.

Listed in Part VII

  • Tina Booth

    President

    Total calculated
    $261,412
    From this org
    $0
    From related orgs
    $260,112
    Other
    $1,300
    Hours/week
    0.25 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $260,112 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $1,300 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $261,412 related

  • Patricia Kataura

    Treasurer

    Total calculated
    $249,477
    From this org
    $0
    From related orgs
    $249,477
    Other
    $0
    Hours/week
    0.25 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $249,477 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $249,477 related

  • Lisette Belon

    Secretary

    Total calculated
    $198,280
    From this org
    $0
    From related orgs
    $183,980
    Other
    $14,300
    Hours/week
    0.25 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $183,980 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $14,300 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $198,280 related

  • Daniel Tenenbaoum

    Board Member

    Total calculated
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0

  • Cielo Castro

    Board Member

    Total calculated
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0

  • Delfino de la Cruz

    Board Member

    Total calculated
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0

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.

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.0
Source object
202413189349300511

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