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Nonprofiteer
← LA FE COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2024

Filed by LA FE COMMUNITY DEVELOPMENT CORPORATION.

Totals

Total revenue
$75,771
Total expenses
$66,636
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$68,143
Investment income
$7,628
Other revenue
$0
Total assets, end of year
$1,875,224
Total liabilities, end of year
$471,291
Net assets or fund balances, end of year
$1,403,933
Program services expenses (Part IX)
$61,121
Management and general expenses
$5,515
Fundraising expenses
$0
Program service expenses (Part III)
$61,121

Program services were 91.7% 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: RENTAL INCOME

    total $67,488 · related or exempt $67,488

  • 2b · Program service revenue: OTHER INCOME

    total $655 · related or exempt $655

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $7,628 · excluded $7,628

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $2,500 · management and general $2,500

  • 11g · Fees: other

    total $3,085 · program services $2,100 · management and general $985 · fundraising $0

  • 13 · Office expenses

    total $119 · management and general $119

  • 16 · Occupancy

    total $21,871 · program services $21,871

  • 22 · Depreciation, depletion and amortization

    total $33,761 · program services $31,850 · management and general $1,911

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $5,300 · program services $5,300

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $760,348 · end of year $782,940

  • 2 · Savings and temporary cash investments

    beginning of year $400,224 · end of year $382,792

  • 4 · Accounts receivable

    beginning of year $5 · end of year $5

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

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

    $1,025,981

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

    $316,494

  • 10c · Land, buildings and equipment, net

    beginning of year $706,248 · end of year $709,487

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $237 · end of year $24,313

  • 19 · Deferred revenue

    beginning of year $291

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $446,499 · end of year $446,978

  • 27 · Net assets without donor restrictions

    beginning of year $1,419,798 · end of year $1,403,933

Listed in Part VII

  • LUCY M RODARTE

    TREASURER

    Total calculated
    $162,955
    From this org
    $0
    From related orgs
    $147,896
    Other
    $15,059
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $147,896 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,994 related
    Nontaxable benefits
    $0 + $9,065 related
    Filer's total
    $0 + $162,955 related

  • ROBERT GONZALES

    VICE PRESIDENT/SECRETARY

    Total calculated
    $71,374
    From this org
    $0
    From related orgs
    $68,608
    Other
    $2,766
    Hours/week
    1 + 39 related

  • SALVADOR BALCORTA

    CHAIRMAN/PRESIDENT

    Total calculated
    $244,588
    From this org
    $0
    From related orgs
    $226,666
    Other
    $17,922
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $226,666 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,857 related
    Nontaxable benefits
    $0 + $9,065 related
    Filer's total
    $0 + $244,588 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

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3 CEO COMPENSATION
THE CEO'S COMPENSATION IS ESTABLISHED AND PAID BY CENTRO DE SALUD FAMILIAR LA FE, INC., A RELATED ORGANIZATION. THE RELATED ORGANIZATION USES A COMPENSATION COMMITTEE AND A BOARD APPROVAL PROCESS TO ESTABLISH THE CEO'S COMPENSATION.

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
2024
IRS schema version
2024v5.1
Source object
202632649349301548

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