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Nonprofiteer
← LA FRONTERA PARTNERS INC

Form 990 for tax year 2023

Filed by LA FRONTERA PARTNERS INC.

Totals

Total revenue
$2,098,300
Total expenses
$999,702
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,995,570
Investment income
$94,870
Other revenue
$7,860
Total assets, end of year
$8,331,603
Total liabilities, end of year
$3,554,942
Net assets or fund balances, end of year
$4,776,661
Program services expenses (Part IX)
$434,054
Management and general expenses
$565,648
Fundraising expenses
$0
Program service expenses (Part III)
$434,054

Program services were 43.4% 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.

  • 2a · Program service revenue: Developer Fee

    total $1,745,000 · related or exempt $1,745,000

  • 2b · Program service revenue: Management Fees

    total $130,000 · related or exempt $130,000

  • 2c · Program service revenue: Rental Revenue

    total $120,570 · related or exempt $120,570

  • 3 · Investment income

    total $94,870 · excluded $94,870

  • 11a · Other revenue: Miscellaneous

    total $7,860 · related or exempt $7,860

  • 11e · Other revenue, total

    $7,860

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $223,638 · management and general $223,638

  • 9 · Other employee benefits

    total $20,353 · management and general $20,353

  • 10 · Payroll taxes

    total $16,186 · management and general $16,186

  • 11a · Fees: management

    total $250,000 · program services $250,000

  • 11b · Fees: legal

    total $14,148 · management and general $14,148

  • 11c · Fees: accounting

    total $68,443 · management and general $68,443

  • 11f · Fees: investment management

    total $787 · management and general $787

  • 11g · Fees: other

    total $44,601 · program services $905 · management and general $43,696

  • 13 · Office expenses

    total $11,710 · program services $1,490 · management and general $10,220

  • 16 · Occupancy

    total $97,242 · program services $97,242

  • 17 · Travel

    total $15,507 · program services $15,507

  • 22 · Depreciation, depletion and amortization

    total $50,469 · program services $50,469

  • 24a · Other expenses: Bad Debt Expense

    total $166,935 · management and general $166,935

  • 24b · Other expenses: Project Fees & Costs

    total $15,648 · program services $15,648

  • 24c · Other expenses: Equipment

    total $2,793 · program services $2,793

  • 24d · Other expenses: Supplies

    total $1,242 · management and general $1,242

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $118,156 · end of year $367,444

  • 4 · Accounts receivable

    beginning of year $3,149,388 · end of year $3,771,742

  • 7 · Other notes and loans receivable

    beginning of year $2,811,180 · end of year $3,962,230

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,902 · end of year $17,367

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

    $861,182

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

    $649,587

  • 10c · Land, buildings and equipment, net

    beginning of year $270,418 · end of year $211,595

  • 15 · Other assets

    beginning of year $1,792 · end of year $1,225

  • 17 · Accounts payable and accrued expenses

    beginning of year $349,194 · end of year $536,112

  • 19 · Deferred revenue

    end of year $60

  • 23 · Secured mortgages and notes payable

    beginning of year $2,364,917 · end of year $3,018,145

  • 25 · Other liabilities

    beginning of year $2,987 · end of year $625

  • 27 · Net assets without donor restrictions

    beginning of year $3,645,738 · end of year $4,776,661

Mission and programs · 2023

Mission

None

Activities or mission (Part I)

The purpose of the corporation shall be to promote social welfare, including the fostering of low-income housing, to own, develop and operate affordable housing programs and to engage in any other activities approved by the Member that are allowed by nonprofit corporations in the state of Arizona.

  • Low-income housing - constructing, selling and managing affordable housing for low-income seniors, veterans and homeless persons in Arizona. The Organization receives funds to purchase property and facilitate the construction of affordable housing to be sold or leased to qualified low-income buyers.

    Expenses $434,054 · Revenue $2,003,430

As filed on the 2023 return.

Listed in Part VII

  • Daniel Ranieri

    President/CEO

    Total calculated
    $473,048
    From this org
    $0
    From related orgs
    $438,137
    Other
    $34,911
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $429,387 related
    Bonus
    $0
    Other
    $0 + $8,750 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $34,911 related
    Filer's total
    $0 + $473,048 related

  • Michael Prudence

    CFO

    Total calculated
    $274,380
    From this org
    $0
    From related orgs
    $238,961
    Other
    $35,419
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $230,211 related
    Bonus
    $0
    Other
    $0 + $8,750 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $35,419 related
    Filer's total
    $0 + $274,380 related

  • Kathy Wells

    Vice Pres/COO

    Total calculated
    $273,836
    From this org
    $0
    From related orgs
    $250,603
    Other
    $23,233
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $240,603 related
    Bonus
    $0
    Other
    $0 + $10,000 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $23,233 related
    Filer's total
    $0 + $273,836 related

  • Colleen McDonald

    Chair

    Total calculated
    $0
    Hours/week
    0.3

  • Linda Lopez

    Vice Chair

    Total calculated
    $0
    Hours/week
    0.3

  • Patrick O'Hagin

    Secretary/Treasurer

    Total calculated
    $0
    Hours/week
    0.3

  • Craig Doyle

    Member

    Total calculated
    $0
    Hours/week
    0.3

  • Alexandra Terry

    Member

    Total calculated
    $0
    Hours/week
    0.3

  • Meghan Heddings

    Member

    Total calculated
    $0
    Hours/week
    0.3

  • Matt Kopec

    Member

    Total calculated
    $0
    Hours/week
    0.3

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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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

The filer's explanations (Part III)

Part I, Line 3
Officer compensation is paid by La Frontera Center, Inc., a related organization. They rely on all six methods presented to determine an appropriate compensation.
Part I, Line 4b
The following individuals are participants in a non-qualified retirement plan administered by La Frontera Center, Inc., a related party: Daniel Ranieri: $22,500 Michael Prudence: $22,500 Kathy Wells: $22,500

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.

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
9 May 2025
IRS schema version
2023v6.0
Source object
202541339349300844

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