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Nonprofiteer
← MALDEF PROPERTY MANAGEMENT CORP

Form 990 for tax year 2022

Filed by MALDEF PROPERTY MANAGEMENT CORP.

Totals

Total revenue
$1,173,044
Total expenses
$1,243,869
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,150,550
Investment income
$4,604
Other revenue
$17,890
Total assets, end of year
$4,636,531
Total liabilities, end of year
$2,331,908
Net assets or fund balances, end of year
$2,304,623
Program services expenses (Part IX)
$1,006,156
Management and general expenses
$237,713
Fundraising expenses
$0
Program service expenses (Part III)
$1,006,156

Program services were 80.9% 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: GROSS RENTS

    total $1,150,550 · related or exempt $1,150,550

  • 3 · Investment income

    total $4,604 · excluded $4,604

  • 6a · Gross rents

    real property $165,160

  • 6b · Less rental expenses

    real property $147,270

  • 6c · Rental income or loss

    real property $17,890

  • 6d · Net rental income or loss

    total $17,890 · excluded $17,890

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $436,244 · program services $265,291 · management and general $170,953

  • 8 · Pension plan contributions

    total $41,275 · program services $24,999 · management and general $16,276

  • 9 · Other employee benefits

    total $122,727 · program services $89,709 · management and general $33,018

  • 10 · Payroll taxes

    total $31,257 · program services $19,008 · management and general $12,249

  • 11c · Fees: accounting

    total $5,217 · management and general $5,217

  • 11g · Fees: other

    total $11,261 · program services $11,261

  • 13 · Office expenses

    total $12,505 · program services $12,505

  • 16 · Occupancy

    total $219,311 · program services $219,311

  • 17 · Travel

    total $1,322 · program services $1,322

  • 22 · Depreciation, depletion and amortization

    total $256,119 · program services $256,119

  • 23 · Insurance

    total $53,309 · program services $53,309

  • 24a · Other expenses: BUILDING MAINTENANCE

    total $200,338 · program services $200,338

  • 24b · Other expenses: RENTAL NONPROGRAM

    total -$147,270 · program services -$147,270

  • 24e · All other expenses

    total $254 · program services $254

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $397,871 · end of year $441,995

  • 2 · Savings and temporary cash investments

    beginning of year $249,780 · end of year $254,334

  • 4 · Accounts receivable

    beginning of year $142,868 · end of year $152,338

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

    $11,409,878

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

    $7,622,014

  • 10c · Land, buildings and equipment, net

    beginning of year $3,964,621 · end of year $3,787,864

  • 17 · Accounts payable and accrued expenses

    beginning of year $44,623 · end of year $82,575

  • 19 · Deferred revenue

    beginning of year $7,907 · end of year $2,742

  • 23 · Secured mortgages and notes payable

    beginning of year $726,668 · end of year $484,444

  • 25 · Other liabilities

    beginning of year $1,600,494 · end of year $1,762,147

  • 27 · Net assets without donor restrictions

    beginning of year $2,375,448 · end of year $2,304,623

Mission and programs · 2022

Mission

TO OWN AND OPERATE A NONPROFIT CENTER IN LOS ANGELES IN SUPPORT OF ITS SPONSORING ORGANIZATION, MEXICAN AMERICAN LEGAL DEFENSE AND EDUCATIONAL FUND (MALDEF), AND PRIMARILY IRC SECTION 501(C)(3) ORGANIZATIONS DEDICATED TO SERVING THE MINORITY COMMUNITIES WITHIN LOS ANGELES. SOME OF THE TENANTS ARE COMMERCIAL BUT MPMC IS NOT PROVIDING SERVICES AND SUCH RENTAL ACTIVITY IS EXCLUDED FROM UNRELATED TRADE OR BUSINESS INCOME AS SUBSTANTIALLY ALL OF THE PROPERTY'S USE IS DIRECTLY RELATED TO THE MPMC'S EXEMPT PURPOSE.

  • THE ORGANIZATION OWNS AND OPERATES AN OFFICE BUILDING IN DOWNTOWN LOS ANGELES, CALIFORNIA, AND LEASES OFFICE SPACE TO ITS AFFILIATE, MEXICAN AMERICAN LEGAL DEFENSE AND EDUCATIONAL FUND, AND PRIMARILY OTHER IRC SECTION 501(C)(3) ORGANIZATIONS DEDICATED TO SERVING MINORITY COMMUNITIES WITHIN THE INNER CITY OF LOS ANGELES, FACILITATING AND ASSISTING THE PROGRAMS OF ITS TENANTS BY PROVIDING COMMON FACILITIES FOR THEIR USE, AND INVOLVING TENANTS IN A JOINT COUNCIL COORDINATING THEIR ACTIVITIES TO BEST SERVE THE COMMUNITY.

    Expenses $1,006,156 · Revenue $1,150,550

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • HECTOR J CUELLAR

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • GLORIA MOLINA

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • GREGORY EVANS

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • ARACELY MUNOZ

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • DANIEL SUVOR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARIA ANTONIETTA BERRIOZABAL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARTIN J CHAVEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARCUS ALLEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ENRIQUE CHAVEZ JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LAURA FLORES CANTRELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LORETTA P MARTINEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM CANDELARIA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MERCEDES MARQUEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • THOMAS A SAENZ

    PRESIDENT & GENERAL COUNSEL

    Total calculated
    $402,886
    From this org
    $0
    From related orgs
    $362,122
    Other
    $40,764
    Hours/week
    2.5 + 47.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $362,122 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $23,856 related
    Nontaxable benefits
    $0 + $16,908 related
    Filer's total
    $0 + $402,886 related

  • SHELLEY MALLCHOK

    VICE PRESIDENT OF FINANCE/CFO

    Total calculated
    $225,683
    From this org
    $0
    From related orgs
    $176,457
    Other
    $49,226
    Hours/week
    12.5 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $174,457 related
    Bonus
    $0 + $2,000 related
    Other
    $0
    Deferred
    $0 + $18,308 related
    Nontaxable benefits
    $0 + $30,918 related
    Filer's total
    $0 + $225,683 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.

Provenance

Return type
form_990
Tax year
2022
Filed
11 March 2024
IRS schema version
2022v5.0
Source object
202440719349300649

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