Totals
- Total revenue
- $667,618
- Total expenses
- $848,310
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $655,958
- Investment income
- $11,660
- Other revenue
- $0
- Total assets, end of year
- $14,612,211
- Total liabilities, end of year
- $12,883,306
- Net assets or fund balances, end of year
- $1,728,905
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $848,310
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% 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 $655,958 · related or exempt $655,958
-
3 · Investment income
total $11,660 · excluded $11,660
Functional expenses
Part IX, the statement of functional expenses.
-
11g · Fees: other
total $182,347 · management and general $182,347
-
14 · Information technology
total $655 · management and general $655
-
16 · Occupancy
total $32,937 · management and general $32,937
-
20 · Interest
total $215,722 · management and general $215,722
-
22 · Depreciation, depletion and amortization
total $294,714 · management and general $294,714
-
23 · Insurance
total $118,002 · management and general $118,002
-
24a · Other expenses: DUES, FEES, AND CHARGES
total $3,933 · management and general $3,933
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,197,068 · end of year $231,988
-
2 · Savings and temporary cash investments
end of year $347,701
-
4 · Accounts receivable
beginning of year $526,511 · end of year $1,155,944
-
9 · Prepaid expenses and deferred charges
beginning of year $32,702 · end of year $352,701
-
10a · Land, buildings and equipment: cost or other basis
$13,044,321
-
10b · Land, buildings and equipment: accumulated depreciation
$520,444
-
10c · Land, buildings and equipment, net
beginning of year $11,510,041 · end of year $12,523,877
-
17 · Accounts payable and accrued expenses
beginning of year $1,611,845 · end of year $120,775
-
23 · Secured mortgages and notes payable
beginning of year $12,744,883 · end of year $12,762,531
-
27 · Net assets without donor restrictions
beginning of year $1,909,594 · end of year $1,728,905
Mission and programs · 2024
Mission
THE CORPORATION WILL ACCOMPLISH CHARITABLE PURPOSES BY FACILITATING THE OWNERSHIP, OPERATION, AND LEASING OF PROPERTY TO CANAL ALLIANCE, WHICH WILL PROMOTE AND SUPPORT THE CHARITBLE ACTIVITIES OF CANAL ALLIANCE.
Activities or mission (Part I)
TO BENEFIT AND SUPPORT CANAL ALLIANCE, A NONPROFIT CORPORATION AND ITS CHARITABLE PURPOSES.
-
TO BENEFIT AND SUPPORT CANAL ALLIANCE, A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION AND ITS CHARITABLE PURPOSES
Revenue $655,958
As filed on the 2024 return.
Listed in Part VII
-
David WilliamsDAVID WILLIAMS
CHAIR (LEFT 12/24)
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
Ricardo SotoRICARDO SOTO
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
Karen RodriguezKAREN RODRIGUEZ
SECRETARY
- Total calculated
- $209,527
- From this org
- $0
- From related orgs
- $190,765
- Other
- $18,762
- Hours/week
- 1 + 32 related
Schedule J breakdown matched by us
- Base
- $0 + $190,662 related
- Bonus
- $0 + $103 related
- Other
- $0
- Deferred
- $0 + $7,407 related
- Nontaxable benefits
- $0 + $11,355 related
- Filer's total
- $0 + $209,527 related
-
Gabriel ClavijoGABRIEL CLAVIJO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jorge SalasJORGE SALAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Thomas TunnyTHOMAS TUNNY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 5 related
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.
-
501(C)(3) · TO BREAK THE CYCLE OF POVERTY FOR LOW-INCOME LATINO IMMIGRANTS · CA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 April 2026
- IRS schema version
- 2024v5.5
- Source object
- 202621149349300147
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