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← NATIONAL ASSOCIATION FOR LATINO COMMUNITY ASSET BUILDERS

Form 990 for tax year 2023

Filed by NATIONAL ASSOCIATION FOR LATINO COMMUNITY ASSET BUILDERS.

Totals

Total revenue
$9,765,064
Total expenses
$9,060,888
Contributions and grants received
$8,411,008
Grants paid
$1,354,500
Program service revenue
$870,927
Investment income
$417,496
Other revenue
$65,633
Total assets, end of year
$33,945,413
Total liabilities, end of year
$15,639,718
Net assets or fund balances, end of year
$18,305,695
Program services expenses (Part IX)
$6,537,123
Management and general expenses
$2,288,999
Fundraising expenses
$234,766
Program service expenses (Part III)
$6,537,123

Program services were 72.1% 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.

  • 1e · Government grants (contributions)

    $2,945,508

  • 1f · All other contributions, gifts and grants

    $5,465,500

  • 2a · Program service revenue: LOAN INEREST INCOME

    total $421,693 · related or exempt $421,693

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $189,997 · related or exempt $189,997

  • 2c · Program service revenue: REGISTRATION FEES

    total $139,481 · related or exempt $139,481

  • 2d · Program service revenue: FELLOWSHIP TUITION

    total $76,000 · related or exempt $76,000

  • 2e · Program service revenue: MANAGEMENT FEE

    total $25,056 · related or exempt $25,056

  • 2f · All other program service revenue

    total $18,700 · related or exempt $18,700

  • 3 · Investment income

    total $417,496 · excluded $417,496

  • 6a · Gross rents

    real property $18,810

  • 6b · Less rental expenses

    real property $1,800

  • 6c · Rental income or loss

    real property $17,010

  • 6d · Net rental income or loss

    total $17,010 · excluded $17,010

  • 11a · Other revenue: PARTNERSHIP INCOME-ALF

    total $39,853 · related or exempt $39,853

  • 11b · Other revenue: PARTNERSHIP INCOME -NN

    total $7,224 · related or exempt $7,224

  • 11c · Other revenue: PARTNERSHIP INCOME- NC

    total $1,546 · related or exempt $1,546

  • 11e · Other revenue, total

    $48,623

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,336,500 · program services $1,336,500

  • 2 · Grants to domestic individuals

    total $18,000 · program services $18,000

  • 5 · Compensation of officers, directors and key employees

    total $814,762 · program services $501,191 · management and general $279,608 · fundraising $33,963

  • 7 · Other salaries and wages

    total $2,918,835 · program services $1,795,482 · management and general $1,001,680 · fundraising $121,673

  • 8 · Pension plan contributions

    total $76,322 · program services $46,948 · management and general $26,192 · fundraising $3,182

  • 9 · Other employee benefits

    total $423,822 · program services $260,708 · management and general $145,447 · fundraising $17,667

  • 10 · Payroll taxes

    total $297,815 · program services $183,197 · management and general $102,204 · fundraising $12,414

  • 11b · Fees: legal

    total $12,950 · management and general $12,950

  • 11c · Fees: accounting

    total $59,802 · management and general $59,802

  • 11f · Fees: investment management

    total $9,195 · management and general $9,195

  • 11g · Fees: other

    total $1,373,855 · program services $1,027,175 · management and general $344,700 · fundraising $1,980

  • 12 · Advertising and promotion

    total $5,745 · program services $450 · management and general $5,295

  • 13 · Office expenses

    total $142,980 · program services $103,531 · management and general $34,206 · fundraising $5,243

  • 14 · Information technology

    total $192,341 · program services $127,979 · management and general $54,662 · fundraising $9,700

  • 16 · Occupancy

    total $154,907 · program services $106,648 · management and general $42,837 · fundraising $5,422

  • 17 · Travel

    total $336,349 · program services $278,277 · management and general $47,528 · fundraising $10,544

  • 19 · Conferences, conventions and meetings

    total $458,291 · program services $431,332 · management and general $26,599 · fundraising $360

  • 20 · Interest

    total $185,870 · program services $185,437 · management and general $386 · fundraising $47

  • 22 · Depreciation, depletion and amortization

    total $45,125 · program services $27,758 · management and general $15,486 · fundraising $1,881

  • 23 · Insurance

    total $8,416 · program services $5,177 · management and general $2,888 · fundraising $351

  • 24a · Other expenses: STAFF TRAINING AND DEVE

    total $119,735 · program services $32,062 · management and general $77,334 · fundraising $10,339

  • 24b · Other expenses: BAD DEBTS EXPENSES

    total $69,271 · program services $69,271

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,758,258 · end of year $2,725,956

  • 2 · Savings and temporary cash investments

    beginning of year $6,416,397 · end of year $8,234,948

  • 3 · Pledges and grants receivable

    beginning of year $3,665,000 · end of year $1,915,000

  • 4 · Accounts receivable

    beginning of year $485,380 · end of year $1,174,138

  • 7 · Other notes and loans receivable

    beginning of year $5,512,144 · end of year $14,781,586

  • 9 · Prepaid expenses and deferred charges

    beginning of year $480 · end of year $43,238

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

    $1,551,553

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

    $469,637

  • 10c · Land, buildings and equipment, net

    beginning of year $1,293,682 · end of year $1,081,916

  • 11 · Investments: publicly traded securities

    beginning of year $2,008,069 · end of year $1,741,626

  • 13 · Investments: program-related

    beginning of year $2,086,942 · end of year $2,135,567

  • 14 · Intangible assets

    end of year $111,438

  • 15 · Other assets

    beginning of year $458,716 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $411,553 · end of year $353,181

  • 18 · Grants payable

    beginning of year $800,000 · end of year $210,000

  • 19 · Deferred revenue

    end of year $1,772

  • 23 · Secured mortgages and notes payable

    beginning of year $832,247 · end of year $782,150

  • 24 · Unsecured notes and loans payable

    beginning of year $6,165,000 · end of year $14,165,000

  • 25 · Other liabilities

    beginning of year $0 · end of year $127,615

  • 27 · Net assets without donor restrictions

    beginning of year $6,140,319 · end of year $8,319,221

  • 28 · Net assets with donor restrictions

    beginning of year $11,335,949 · end of year $9,986,474

Mission and programs · 2023

Mission

NALCAB STRENGTHENS THE ECONOMY BY ADVANCING ECONOMIC MOBILITY IN LATINO COMMUNITIES.

  • ORGANIZATIONAL CAPACITY BUILDING - AS A US TREASURY-CERTIFIED CDFI LENDER AND GRANTMAKER, NALCAB STRENGTHENS, COORDINATES, AND BUILDS THE SYSTEMS AND CAPACITY OF NALCAB NETWORK MEMBERS, OTHER NON-PROFITS, AND GOVERNMENT UNITS TO ADVANCE ECONOMIC MOBILITY IN PREDOMINANTLY LOW- AND MODERATE-INCOME LATINO COMMUNITIES. NALCAB CREATES CAPITAL, CAPACITY, COLLECTIVE VOICE, AND COMUNIDAD (COMMUNITY) BY INCREASING ACCESS TO GRANTS AND INVESTMENT CAPITAL; UNLOCKING ACCESS TO TECHNICAL ASSISTANCE RESOURCES; SHARING RESEARCH TO MAXIMIZE ORGANIZATIONAL EFFECTIVENESS AND RESOURCES; CREATING AND STRENGTHENING ASSET-BUILDING PRACTITIONER PEER NETWORKS; USING CULTURALLY RELEVANT TRAINING TO DEVELOP LEADERS IN THE ASSET-BUILDING FIELD; AND DEVELOPING A STRATEGIC NATIONAL VOICE FOR MORE THAN 195 ORGANIZATIONS AND THE COMMUNITIES THEY SERVE.

    Expenses $5,275,991 · Grants $1,321,000 · Revenue $234,181

  • POLICY ADVOCACY AND FIELD-BUILDING - THE POLICY ADVOCACY AND FIELD- BUILDING PROGRAM PROVIDES MEMBERS AND DECISION-MAKERS WITH RESEARCH, POLICY EDUCATION, AND ADVOCACY EFFORTS TO INFLUENCE PRIVATE, PHILANTHROPIC, AND GOVERNMENTAL INVESTORS TO RESPONSIBLY MEET THE ASSET-BUILDING NEEDS AND OPPORTUNITIES IN LOW AND MODERATE- NCOME COMMUNITIES. WITH NALCAB'S SUPPORT AND THE BENEFIT OF THE COLLECTIVE NALCAB NETWORK, MEMBERS MAY DEVELOP AND ADVOCATE FOR POLICY STRATEGIES THAT SERVE THEIR COMMUNITIES AT THE LOCAL, STATE, AND FEDERAL LEVELS. NALCAB HAS PUBLISHED NUMEROUS REPORTS ON SMALL BUSINESS LENDING IN LATINO COMMUNITIES, HOUSING VULNERABILITY AND GENTRIFICATION, AND PLACE-BASED ECONOMIC DEVELOPMENT. THE POLICY ADVOCACY AND FIELD-BUILDING PROGRAM ADVOCATES FOR CDFIS, POTENTIAL CDFIS, AND OTHER LENDERS TO BETTER MEET THE NEEDS OF THE COMMUNITIES THEY SERVE. NALCAB PARTNERS WITH COMMUNITY DEVELOPERS AND IMPACT INVESTORS TO ADVANCE THE ASSET-BUILDING FIELD.

    Expenses $434,180 · Grants $33,500

  • LENDING AND ASSET MANAGEMENT - A US TREASURY-CERTIFIED CDFI AND INTERMEDIARY LENDER, NALCAB EMPOWERS ITS MEMBERS WITH CULTURALLY RELEVANT PRODUCTS AND SERVICES TO ADVANCE ECONOMIC MOBILITY IN PREDOMINANTLY LATINO LOWAND- MODERATE INCOME COMMUNITIES LACKING ADEQUATE ACCESS TO CAPITAL. NALCAB'S PRODUCTS PROVIDE MEMBERS WITH CAPITAL, LIQUIDITY, AND SCALE TO BUILD AFFORDABLE HOUSING, LEND TO SMALL BUSINESSES, AND STRENGTHEN FAMILY FINANCIAL CAPABILITY. NALCAB OFFERS COMMERCIAL REAL ESTATE LOANS, SMALL BUSINESS LOAN CAPITAL, AFFORDABLE HOUSING PROJECT LOANS, SMALL BUSINESS LOAN PARTICIPATION FINANCING, AND LOAN GUARANTEES. CAPITAL FOR LENDING COMES FROM REVENUES, CASH RESERVES, PRIVATE PHILANTHROPIES, BANK LOANS, THE CDFI FUND, AND US HUD, INCLUDING FOR RURAL CAPACITY BUILDING. ESCALERA COMMUNITY INVESTMENTS, LLC (ESCALERA), AN ASSET MANAGEMENT COMPANY OWNED BY NALCAB, MANAGES THE NALCAB CATALYST FUND I, LLC (THE CATALYST FUND), A REAL ESTATE-FOCUSED SOCIAL IMPACT FUND ESTABLISHED TO PRESERVE AND PRODUCE HOUSING OPPORTUNITIES AFFORDABLE TO LOW-INCOME AND MINORITY INDIVIDUALS. THE CATALYST FUND TARGETS AND OPERATES INVESTMENTS IN SINGLE-AND MULTIFAMILY PROJECTS THAT PROVIDE HOUSEHOLDS WITH ACCESS TO EMPLOYMENT, QUALITY EDUCATION, AND HEALTHCARE RESOURCES, ALL ESSENTIAL FACTORS FOR ADVANCING ECONOMIC MOBILITY. ESCALERA ALSO MANAGES THE ACCESO LOAN FUND, LLC (ACCESO), A NATIONAL SMALL BUSINESS LOAN FUND THAT SUPPORTS GROWTH-ORIENTED LENDING TO MINORITY-OWNED BUSINESSES NATIONWIDE THROUGH A NETWORK OF LATINO-LED NON-PROFIT BUSINESS LENDERS. ACCESO HELPS DIVERSE ENTREPRENEURS IN UNDERSERVED MINORITY COMMUNITIES SCALE THEIR BUSINESSES TO INCREASE REVENUE, PROVIDE MORE JOBS, AND STRENGTHEN THE ECONOMY. NALCAB AND ELEVEN NALCAB-NETWORK CDFIS ARE EQUAL CO-OWNERS OF ACCESO.

    Expenses $737,097 · Revenue $495,372

  • MEMBERSHIP - MEMBERSHIP COMPRISES NALCAB'S OVERALL MEMBER RECRUITMENT, OUTREACH, DUES COLLECTION, AND STEWARDSHIP ACTIVITIES. MEMBERSHIP ACTIVITIES CAN INCLUDE TECHNICAL ASSISTANCE OR TROUBLESHOOTING PROVIDED BY THE NALCAB TEAM THAT IS OUTSIDE OF A PROGRAMMATIC OR GRANTEE ENGAGEMENT. OTHER COSTS INCLUDED IN MEMBERSHIP ARE THE CLIENT RELATIONSHIP MANAGEMENT SOFTWARE AND THE REGIONAL ENGAGEMENTS WITH SUBSETS OF MEMBERS THAT ARE LOCATED IN THE SAME CITY, STATE, OR REGION.

    Expenses $89,855 · Revenue $189,997

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Bea Stotzer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Fernando Lemos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Henry Jimenez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Janie Barrera

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Lindsey Navarro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Luis Granados

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Mileyka Burgos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Pedro Ramos

    TREASURER

    Total calculated
    $0
    Hours/week
    1.5

  • Pedro Zamora

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Rafael Torres

    SECRETARY

    Total calculated
    $0
    Hours/week
    1.5

  • Raul Raymundo

    CHAIR

    Total calculated
    $0
    Hours/week
    1.5

  • Rose Garcia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Ruby Azurida-Lee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Shelly Marquez

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1.5

  • Celina Gomez

    INTERIM CHIEF FINANCIAL OFFICER

    Total calculated
    $184,111
    From this org
    $155,896
    From related orgs
    $0
    Other
    $28,215
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,646
    Bonus
    $5,250
    Other
    $0
    Deferred
    $7,916
    Nontaxable benefits
    $20,299
    Filer's total
    $184,111

  • Fernando Garcia

    CHIEF FINANCIAL OFFICER (UNTIL 5/23)

    Total calculated
    $110,381
    From this org
    $99,135
    From related orgs
    $0
    Other
    $11,246
    Hours/week
    40

  • Levar Martin

    EXECUTIVE VP & CHIEF STRATERGY OFFIC

    Total calculated
    $225,203
    From this org
    $192,477
    From related orgs
    $0
    Other
    $32,726
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $184,477
    Bonus
    $8,000
    Other
    $0
    Deferred
    $9,900
    Nontaxable benefits
    $22,826
    Filer's total
    $225,203

  • Marla Bilonick

    PRESIDENT & CEO

    Total calculated
    $295,067
    From this org
    $279,444
    From related orgs
    $0
    Other
    $15,623
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $279,444
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $15,623
    Filer's total
    $295,067

  • Alejandra Amaroli

    DIRECTOR OF RESOURCE DEVELOPMENT

    Total calculated
    $144,251
    From this org
    $117,768
    From related orgs
    $0
    Other
    $26,483
    Hours/week
    40

  • Clarinda Landeros

    DIRECTOR OF PUBLIC POLICY

    Total calculated
    $116,413
    From this org
    $113,022
    From related orgs
    $0
    Other
    $3,391
    Hours/week
    40

  • Holly L Frindell

    CHIEF PROGRAM OFFICER

    Total calculated
    $156,779
    From this org
    $135,349
    From related orgs
    $0
    Other
    $21,430
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,274
    Bonus
    $5,075
    Other
    $0
    Deferred
    $2,250
    Nontaxable benefits
    $19,180
    Filer's total
    $156,779

  • Jose Efrain Garcia

    CHIEF LENDING & ASSET MANAGEMENT OFF

    Total calculated
    $154,747
    From this org
    $117,039
    From related orgs
    $0
    Other
    $37,708
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $113,763
    Bonus
    $3,276
    Other
    $0
    Deferred
    $5,000
    Nontaxable benefits
    $32,708
    Filer's total
    $154,747

  • Luis Espinosa Sayan

    DIRECTOR OF LENDING

    Total calculated
    $126,680
    From this org
    $126,680
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments

Answered no

  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4A
FERNANDO GARCIA RECEIVED A SEVERANCE PAYMENT OF $42,323.
PART I, LINE 7
ALL BONUSES ARE BASED ON PERFORMANCE, ONLY THE PRESIDENT/CEO (MARLA) REQUIRES BOARD APPROVAL.

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

  • ESCALERA COMMUNITY INVESTMENTS LLC

    FUND AND ASSET MANAGEMENT · TX · income $0 · assets $30,784

    Directly controlled by NALCAB

Related partnerships

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

  • NALCAB CATALYST FUND I LLC

    RELATED · AFFORDABLE HOUSING REAL ESTATE · DE · 33.07% owned · share of income $1,481 · share of assets $610,017 · general or managing partner

    Directly controlled by ESCALERA COMM

  • ACCESO LOAN FUND LLC

    RELATED · SMALL BUSINESS LENDING · DE · 8.34% owned · share of income $39,397 · share of assets $872,722 · general or managing partner

    Directly controlled by ESCALERA COMM

Provenance

Return type
form_990
Tax year
2023
Filed
24 October 2024
IRS schema version
2023v5.1
Source object
202432999349300203

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