Skip to content
Nonprofiteer
← TELACU RESIDENTIAL MANAGEMENT INC

Form 990 for tax year 2024

Filed by TELACU RESIDENTIAL MANAGEMENT INC.

Totals

Total revenue
$7,446,010
Total expenses
$6,663,216
Contributions and grants received
$0
Grants paid
$5,116
Program service revenue
$4,969,165
Investment income
$205
Other revenue
$2,476,640
Total assets, end of year
$5,302,632
Total liabilities, end of year
$714,493
Net assets or fund balances, end of year
$4,588,139
Program services expenses (Part IX)
$6,174,034
Management and general expenses
$489,182
Fundraising expenses
$0
Program service expenses (Part III)
$6,174,034

Program services were 92.7% 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: PROG.SERV.REVENUE-RELA

    total $4,969,165 · related or exempt $4,969,165

  • 3 · Investment income

    total $205 · related or exempt $205

  • 11a · Other revenue: PROPERTY MANAGEMENT FE

    total $1,199,242 · related or exempt $1,199,242

  • 11b · Other revenue: CONSULTING

    total $918,458 · related or exempt $918,458

  • 11c · Other revenue: INSURANCE PROCEEDS-CAS

    total $245,014 · related or exempt $245,014

  • 11d · All other revenue

    total $113,926 · related or exempt $113,926

  • 11e · Other revenue, total

    $2,476,640

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,116 · program services $5,116

  • 5 · Compensation of officers, directors and key employees

    total $288,032 · program services $288,032

  • 7 · Other salaries and wages

    total $4,359,862 · program services $4,359,862

  • 8 · Pension plan contributions

    total $57,084 · program services $57,084

  • 9 · Other employee benefits

    total $408,126 · program services $408,126

  • 10 · Payroll taxes

    total $349,110 · program services $349,110

  • 11a · Fees: management

    total $360,000 · management and general $360,000

  • 11b · Fees: legal

    total $12,007 · management and general $12,007

  • 11c · Fees: accounting

    total $14,310 · management and general $14,310

  • 13 · Office expenses

    total $365,945 · program services $365,945

  • 16 · Occupancy

    total $207,398 · program services $207,398

  • 17 · Travel

    total $57,784 · management and general $57,784

  • 19 · Conferences, conventions and meetings

    total $45,081 · management and general $45,081

  • 22 · Depreciation, depletion and amortization

    total $66,856 · program services $66,856

  • 23 · Insurance

    total $66,505 · program services $66,505

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,705,634 · end of year $2,131,200

  • 4 · Accounts receivable

    beginning of year $727,809 · end of year $182,424

  • 9 · Prepaid expenses and deferred charges

    beginning of year $52,831 · end of year $44,220

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

    $890,613

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

    $257,492

  • 10c · Land, buildings and equipment, net

    beginning of year $206,569 · end of year $633,121

  • 15 · Other assets

    beginning of year $2,624,722 · end of year $2,311,667

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,489,976 · end of year $695,237

  • 25 · Other liabilities

    beginning of year $22,244 · end of year $19,256

  • 27 · Net assets without donor restrictions

    beginning of year $3,805,345 · end of year $4,588,139

Mission and programs · 2024

Mission

MANAGEMENT OF PROJECTS RELATED TO LOW INCOME HOUSING FOR THE DISABLED AND ELDERLY (HUD PROJECTS) PURSUANT TO SECTION 202 AND 811 OF THE NATIONAL HOUSING ACT, AS AMENDED. CORPORATION HAS RECEIVED CERTIFICATION FOR MANAGEMENT OF MULTIFAMILY HOUSING PROJECTS FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

  • MANAGEMENT OF PROJECTS RELATED TO LOW INCOME HOUSING FOR THE DISABLED AND ELDERLY (HUD PROJECTS) PURSUANT TO SECTION 202 AND 811 OF THE NATIONAL HOUSING ACT, AS AMENDED. CORPORATION HAS RECEIVED CERTIFICATION FOR MANAGEMENT OF MULTIFAMILY HOUSING PROJECTS FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

    Expenses $6,174,034 · Grants $5,116 · Revenue $7,446,010

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Michael Lizarraga

    CHAIRMAN/DIRECTOR

    Total calculated
    $2,334,043
    From this org
    $0
    From related orgs
    $2,292,957
    Other
    $41,086
    Hours/week
    0.1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $584,317 related
    Bonus
    $0 + $1,700,000 related
    Other
    $0 + $8,640 related
    Deferred
    $0 + $6,100 related
    Nontaxable benefits
    $0 + $34,986 related
    Filer's total
    $0 + $2,334,043 related

  • Jasmine Borrego

    PRESIDENT/DIRECTOR

    Total calculated
    $295,916
    From this org
    $288,032
    From related orgs
    $0
    Other
    $7,884
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $238,032
    Bonus
    $50,000
    Other
    $0
    Deferred
    $6,100
    Nontaxable benefits
    $1,784
    Filer's total
    $295,916

  • Paul Samuel

    CFO/SECRETARY/DIRECTOR

    Total calculated
    $1,031,933
    From this org
    $0
    From related orgs
    $992,211
    Other
    $39,722
    Hours/week
    0.1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $567,746 related
    Bonus
    $0 + $415,825 related
    Other
    $0 + $8,640 related
    Deferred
    $0 + $6,100 related
    Nontaxable benefits
    $0 + $33,622 related
    Filer's total
    $0 + $1,031,933 related

  • Christien Tran

    VP OF ACCOUNTING

    Total calculated
    $200,122
    From this org
    $195,534
    From related orgs
    $0
    Other
    $4,588
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $170,534
    Bonus
    $25,000
    Other
    $0
    Deferred
    $4,588
    Nontaxable benefits
    $0
    Filer's total
    $200,122

  • Angelique D'Silva-Williams

    VP OF COMPLIANCE & STRATEG

    Total calculated
    $196,022
    From this org
    $160,661
    From related orgs
    $0
    Other
    $35,361
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $135,661
    Bonus
    $25,000
    Other
    $0
    Deferred
    $4,600
    Nontaxable benefits
    $30,761
    Filer's total
    $196,022

  • Michelle Cuevas

    VP OF CORPORATE ADMIN

    Total calculated
    $145,436
    From this org
    $132,444
    From related orgs
    $0
    Other
    $12,992
    Hours/week
    48

  • Vebby Fransiska G Kwee

    CONTROLLER

    Total calculated
    $135,565
    From this org
    $129,511
    From related orgs
    $0
    Other
    $6,054
    Hours/week
    48

  • Sylvia Theresa McCann

    VP OF ASSET MANAGEMENT

    Total calculated
    $153,955
    From this org
    $126,282
    From related orgs
    $0
    Other
    $27,673
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $111,282
    Bonus
    $15,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $27,673
    Filer's total
    $153,955

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

  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 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 4B
MICHAEL LIZARRAGA - IN ADDITION TO THE $30,500 401(K) PLAN, THE PRESIDENT WILL RECEIVE AN EXECUTIVE RETIREMENT BENEFIT PAYABLE UPON RETIREMENT OF $175,000 A YEAR FOR LIFE FROM A RELATED ORGANIZATION. AS OF 12/31/2024, MR. LIZARRAGA WAS 70% VESTED IN THE BENEFIT. IN ADDITION, MR. LIZARRAGA WILL RECEIVE DEFERRED COMPENSATION LUMP SUM PAYMENT WITH A CURRENT VALUE OF APPROXIMATELY $159,278. AS OF 12/31/24, MR. LIZARRAGA WAS 100% VESTED. PAUL SAMUEL - IN ADDITION TO THE $30,500 401(K) PLAN, MR. SAMUEL WILL RECEIVE A DEFERRED COMPENSATION LUMP SUM PAYMENT WITH A CURRENT VALUE OF APPROXIMATELY $147,277 FROM A RELATED ORGANIZATION. AS OF 12/31/2024, MR. SAMUEL WAS 100% VESTED.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • POMONA 17 LLC

    REAL ESTATE · CA

    Directly controlled by TELACU DEVELOPMENT LLC

  • TELACU DEVELOPMENT LLC

    REAL ESTATE · CA

    Directly controlled by TELACU INDUSTRIES INC

  • TELACU MUSIC LLC

    PROMOTIONAL AND COMMERCIAL MUSICAL RECORDING · CA

    Directly controlled by TELACU INDUSTRIES INC

Related partnerships

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

  • ALAMEDA CORRIDOR CONSTRUCTION ENGINEERING TEAM

    CONSTRUCTION · CA · general or managing partner

  • MONTEBELLO DOWNTOWN PLAZA LP

    LOW INCOME HOUSING · CA · general or managing partner

  • MONTEBELLO SENIOR VILLAS LP

    LOW INCOME HOUSING · CA · general or managing partner

  • MONTEREY PARK SENIOR VILLAGE LP

    LOW INCOME HOUSING · CA · general or managing partner

  • NEW MARKET COMMUNITY CAPITAL LLC

    COMMUNITY DEVELOPMENT · CA

  • NEW MARKETS COMMUNITY CAPITAL XIX LLC

    REAL ESTATE · CA · general or managing partner

  • NEW MARKETS COMMUNITY CAPITAL XVII LLC

    REAL ESTATE · CA · general or managing partner

  • NEW MARKETS COMMUNITY CAPITAL XVIII LLC

    REAL ESTATE · CA · general or managing partner

  • NEW MARKETS COMMUNITY CAPITAL XX LLC

    REAL ESTATE · CA · general or managing partner

  • NEW MARKETS COMMUNITY CAPITAL XXI LLC

    REAL ESTATE · CA · general or managing partner

  • NEW MARKETS COMMUNITY CAPITAL XXII LLC

    REAL ESTATE · CA · general or managing partner

  • NEW MARKETS COMMUNITY CAPITAL XXIII LLC

    REAL ESTATE · CA · general or managing partner

  • NEW MARKETS COMMUNITY CAPITAL XXVIII LLC

    REAL ESTATE · CA · general or managing partner

  • NEW MARKETS COMMUNITY CAPITAL XXIX LLC

    REAL ESTATE · CA · general or managing partner

  • NEW MARKETS COMMUNITY CAPITAL XXX LLC

    REAL ESTATE · CA · general or managing partner

  • NEW MARKETS COMMUNITY CAPITAL XXXI LLC

    REAL ESTATE · CA · general or managing partner

  • NEW MARKETS COMMUNITY CAPITAL XXXII LLC

    REAL ESTATE · CA · general or managing partner

  • NEW MARKETS COMMUNITY CAPITAL XXXIII LLC

    REAL ESTATE · CA · general or managing partner

  • SOUTH GATE SENIOR VILLAS LP

    LOW INCOME HOUSING · CA · general or managing partner

  • VIA CAMPO SENIOR VILLAS LP

    LOW INCOME HOUSING · CA · general or managing partner

  • WEST COVINA SENIOR VILLAS II LP

    LOW INCOME HOUSING · CA · general or managing partner

  • WEST COVINA SENIOR VILLAS LP

    LOW INCOME HOUSING · CA · general or managing partner

  • NEW MARKETS COMMUNITY CAPITAL XXXIV LLC

    REAL ESTATE · CA · general or managing partner

  • NEW MARKETS COMMUNITY CAPITAL XXXV LLC

    REAL ESTATE · CA · general or managing partner

  • NEW MARKETS COMMUNITY CAPITAL XXXVI LLC

    REAL ESTATE · CA · general or managing partner

  • NEW MARKETS COMMUNITY CAPITAL XXXVII LLC

    REAL ESTATE · CA · general or managing partner

  • NEW MARKETS COMMUNITY CAPITAL XXXVIII LLC

    REAL ESTATE · CA · general or managing partner

  • NEW MARKETS COMMUNITY CAPITAL XXXIX LLC

    REAL ESTATE · CA · general or managing partner

  • NEW MARKETS COMMUNITY CAPITAL XL LLC

    REAL ESTATE · CA · general or managing partner

  • NEW MARKETS COMMUNITY CAPITAL XLI LLC

    REAL ESTATE · CA · general or managing partner

  • NEW MARKETS COMMUNITY CAPITAL XLII LLC

    REAL ESTATE · CA · general or managing partner

  • NEW MARKETS COMMUNITY CAPITAL XLIII LLC

    REAL ESTATE · CA · general or managing partner

  • NEW MARKETS COMMUNITY CAPITAL XLIV LLC

    REAL ESTATE · CA · general or managing partner

  • NEW MARKETS COMMUNITY CAPITAL XLV LLC

    REAL ESTATE · CA · general or managing partner

  • NEW MARKETS COMMUNITY CAPITAL XLVI LLC

    REAL ESTATE · CA · general or managing partner

Related corporations and trusts

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

  • TELACU INDUSTRIES INC

    C · MANAGEMENT · CA

  • TELACU FINANCIAL SERVICES INC

    C · HOLDING COMPANY · CA

  • COMMUNITY COMMERCE BANK

    C · THRIFT & LOAN · CA

  • SOUTH COAST SHINGLE COMPANY

    C · BUILDING MATERIALS · CA

  • INTER-CITY ENERGY SYSTEMS INC

    C · INSULATION · CA

  • TELACU CONSTRUCTION COMPANY

    C · HOLDING COMPANY · CA

  • TELACU REAL ESTATE SERVICES

    C · REAL ESTATE · CA

  • TELACU CONSTRUCTION MANAGEMENT

    C · MANAGEMENT · CA

  • TELACU PROPERTY MANAGEMENT INC

    C · PROPERTY MANAGEMENT · CA

  • TELACU DEVELOPMENT CORP

    C · REAL ESTATE · CA

  • TELACU AFFORDABLE HOUSING INC

    C · DEVELOPER · CA

  • TELACU INTER-CITY HOUSING INC

    C · DEVELOPER · CA

  • TELACU INVESTMENT COMPANY

    C · INVESTMENT COMPANY · CA

  • TELALINK CORPORATION

    C · CONSTRUCTION · CA

  • EASTLAND LEASING

    C · LEASING · CA

  • TELACU NW FIVE INC

    C · REAL ESTATE · CA

  • TELACU 1270 INC

    C · REAL ESTATE · CA

  • TELACU 55005600 INC

    C · REAL ESTATE · CA

  • TELACU COMMUNITY CREDIT CORP

    C · BROKER · CA

Provenance

Return type
form_990
Tax year
2024
Filed
4 November 2025
IRS schema version
2024v5.2
Source object
202503149349302995

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.