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← TELACU HOUSING POMONA INC

Form 990 for tax year 2023

Filed by TELACU HOUSING POMONA INC.

Totals

Total revenue
$697,594
Total expenses
$896,437
Contributions and grants received
$427,031
Grants paid
$0
Program service revenue
not reported
Investment income
not reported
Other revenue
not reported
Total assets, end of year
not reported
Total liabilities, end of year
not reported
Net assets or fund balances, end of year
not reported
Program services expenses (Part IX)
$768,926
Management and general expenses
$127,511
Fundraising expenses
$0
Program service expenses (Part III)
$768,926

Program services were 85.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MICHAEL D LIZARRAGA

    PRESIDENT

    Total calculated
    $2,130,153
    From this org
    $0
    From related orgs
    $2,093,190
    Other
    $36,963
    Hours/week
    0.1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $584,550 related
    Bonus
    $0 + $1,500,000 related
    Other
    $0 + $8,640 related
    Deferred
    $0 + $6,000 related
    Nontaxable benefits
    $0 + $30,963 related
    Filer's total
    $0 + $2,130,153 related

  • TOM PROVENCIO

    VICE PRESIDENT & TREASURER

    Total calculated
    $276,355
    From this org
    $0
    From related orgs
    $259,729
    Other
    $16,626
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $199,729 related
    Bonus
    $0 + $60,000 related
    Other
    $0
    Deferred
    $0 + $3,186 related
    Nontaxable benefits
    $0 + $13,440 related
    Filer's total
    $0 + $276,355 related

  • PAUL SAMUEL

    SECRETARY

    Total calculated
    $1,027,512
    From this org
    $0
    From related orgs
    $992,373
    Other
    $35,139
    Hours/week
    0.1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $547,733 related
    Bonus
    $0 + $436,000 related
    Other
    $0 + $8,640 related
    Deferred
    $0 + $6,000 related
    Nontaxable benefits
    $0 + $29,139 related
    Filer's total
    $0 + $1,027,512 related

  • JOSE ELIZONDO

    DIRECTOR

    Total calculated
    $25,640
    From this org
    $0
    From related orgs
    $25,640
    Other
    $0
    Hours/week
    0.1 + 0.7 related

  • ALEX SOTOMAYOR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.7 related

  • JAMES HODGES

    DIRECTOR

    Total calculated
    $36,000
    From this org
    $0
    From related orgs
    $36,000
    Other
    $0
    Hours/week
    0.1 + 0.7 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

  • 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)

SCHEDULE J, LINE 4B
ADDITIONAL COMPENSATION DISCLOSURE--MICHAEL LIZARRAGA IN ADDITION TO THE $30,000 401(K) PLAN, THE PRESIDENT WILL RECEIVE FROM A RELATED ORGANIZATION AN EXECUTIVE RETIREMENT BENEFIT PAYABLE UPON RETIREMENT OF $175,000 A YEAR FOR LIFE. AS OF 12/31/2023, MR. LIZARRAGA WAS 60% VESTED IN THE BENEFIT. IN ADDITION, MR. LIZARRAGA WILL RECEIVE DEFERRED COMPENSATION LUMP SUM PAYMENT WITH A CURRENT VALUE OF APPROXIMATELY $147,277. AS OF 12/31/2023, MR. LIZARRAGA WAS 100% VESTED.
SCHEDULE J, LINE 4B
ADDITIONAL COMPENSATION DISCLOSURE--TOM PROVENCIO IN ADDITION TO THE $15,930 401(K) PLAN, MR. PROVENCIO WILL RECEIVE FROM A RELATED ORGANIZATION A DEFERRED COMPENSATION LUMP SUM PAYMENT OF $200,000 UPON RETIREMENT. AS OF 12/31/2023, MR. PROVENCIO WAS 100% VESTED.
SCHEDULE J, LINE 4B
ADDITIONAL COMPENSATION DISCLOSURE--PAUL SAMUEL IN ADDITION TO THE $30,000 401(K) PLAN, MR. SAMUEL WILL RECEIVE FROM A RELATED ORGANIZATION A DEFERRED COMPENSATION LUMP SUM PAYMENT WITH A CURRENT VALUE OF APPROXIMATELY $136,114. AS OF 12/31/2023, MR. SAMUEL WAS 100% VESTED.
SCHEDULE J, PART II
THE BOARD OF DIRECTORS ESTABLISHES THE TOP MANAGEMENT OFFICIAL'S COMPENSATION. THE COMPENSATION POLICY IS DETERMINED BASED UPON OCCASIONAL COMPENSATION STUDIES PERFORMED BY AN INDEPENDENT CONSULTANT.

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.

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
4 November 2024
IRS schema version
2023v5.1
Source object
202443109349301609

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