Totals
- Total revenue
- $40,640
- Total expenses
- $16,526
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $40,640
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $1,186,894
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $1,186,894
- Program services expenses (Part IX)
- $16,526
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $16,526
Program services were 100.0% 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: K-1-Clark's Crossing Ptrs
total $40,640 · related or exempt $40,640
-
2b · Program service revenue: K-1-Gallagher Grdns LLC
-
2c · Program service revenue: K-1-Gallagher Grdns Ptrs
-
2d · Program service revenue: Mangement Fees
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: K1 Loss EIN# 74-2729034
total $16,274 · program services $16,274
-
24b · Other expenses: K1 Loss EIN# 74-2729034
total $164 · program services $164
-
24c · Other expenses: Bank Charges
total $88 · program services $88
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $54,164 · end of year $54,076
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
beginning of year $1,104,016 · end of year $1,132,818
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
27 · Net assets without donor restrictions
beginning of year $1,158,180 · end of year $1,186,894
Mission and programs · 2022
Mission
To provide affordable housing for low-income residents of Webb County, Texas.
-
This organization provides affordable housing for low-income residents of Webb County, Texas through general partner interests in two limited partnerships and through a limited partner interest in a limited liability company (disregarded entity) operating two affordable housing projects. Those partnerships are: Clark's Crossing Partners, LTD. EIN #74-2997517; Gallagher Gardens Partners, Ltd. EIN #74-2729034; and Gallagher Gardens. LLC EIN #83-3442569
Expenses $16,526 · Revenue $40,640
As filed on the 2022 return.
Listed in Part VII
-
Ma Consuelo Montalvo
President
- Total calculated
- $0
- Hours/week
- 0.1
-
Larry Dovalina
Vice President
- Total calculated
- $0
- Hours/week
- 0.1
-
Conrado Hein
Secretary
- Total calculated
- $0
- Hours/week
- 0.1
-
Joaquin Romero Jr
Trustee
- Total calculated
- $0
- Hours/week
- 0.1
-
Delfino Acosta
Trustee
- Total calculated
- $0
- Hours/week
- 0.1
-
Yolanda Martinez
Trustee
- Total calculated
- $0
- Hours/week
- 0.1
-
John Villarreal
Trustee
- Total calculated
- $0
- Hours/week
- 0.1
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.
Grants on this return
No itemized grants to organizations on this return.
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.
-
Gallagher Gardens LLC
Affordable housing · TX · income $24,364 · assets $1,143,829
Directly controlled by Metro Affordable Housing Inc
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
Gallagher Gardens Partners Ltd
Affordable housing · TX · 1% owned · share of income $1 · share of assets $1 · general or managing partner
Directly controlled by Metro Affdbl Housing
-
Gallagher Gardens Partners Ltd
Affordable housing · TX · 99% owned · share of income $99 · share of assets $99
Directly controlled by Metro Affdbl Housing
-
Clarks Crossing Partners Ltd
Affordable housing · TX · 0.005% owned · general or managing partner
Directly controlled by Metro Affdbl Housing
-
Clarks Crossing Partners Ltd
Affordable housing · TX · 99.99% owned · share of income $99 · share of assets $99
Directly controlled by Metro Affdbl Housing
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323179349308887
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