Form 990 for tax year 2023
Filed by LA CASA NUESTRA HOUSING DEVELOPMENT FUND CORPORATION.
Totals
- Total revenue
- $2,984,189
- Total expenses
- $3,866,806
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $2,910,452
- Investment income
- $73,737
- Other revenue
- $0
- Total assets, end of year
- $14,981,060
- Total liabilities, end of year
- $23,702,335
- Net assets or fund balances, end of year
- -$8,721,275
- Program services expenses (Part IX)
- $3,866,806
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $3,866,806
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: RENTAL INCOME
total $2,910,452 · excluded $2,910,452
-
3 · Investment income
total $73,737 · related or exempt $73,737
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $408,289 · program services $408,289
-
9 · Other employee benefits
total $63,025 · program services $63,025
-
11a · Fees: management
total $193,581 · program services $193,581
-
11b · Fees: legal
total $35,381 · program services $35,381
-
11c · Fees: accounting
total $24,000 · program services $24,000
-
11f · Fees: investment management
total $9,072 · program services $9,072
-
11g · Fees: other
total $86,470 · program services $86,470
-
13 · Office expenses
total $1,062 · program services $1,062
-
20 · Interest
total $152,096 · program services $152,096
-
22 · Depreciation, depletion and amortization
total $564,033 · program services $564,033
-
23 · Insurance
total $425,519 · program services $425,519
-
24a · Other expenses: UTILITY EXPENSE
total $1,006,805 · program services $1,006,805
-
24b · Other expenses: REPAIRS & MAINTENANCE
total $342,075 · program services $342,075
-
24c · Other expenses: BAD DEBT
total $238,374 · program services $238,374
-
24d · Other expenses: REAL ESTATE TAXES
total $118,831 · program services $118,831
-
24e · All other expenses
total $198,193 · program services $198,193
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $421,962 · end of year $143,368
-
2 · Savings and temporary cash investments
beginning of year $3,283,000 · end of year $3,250,024
-
4 · Accounts receivable
beginning of year $551,446 · end of year $281,911
-
9 · Prepaid expenses and deferred charges
beginning of year $68,754 · end of year $122,971
-
10a · Land, buildings and equipment: cost or other basis
$15,398,921
-
10b · Land, buildings and equipment: accumulated depreciation
$6,182,400
-
10c · Land, buildings and equipment, net
beginning of year $9,525,443 · end of year $9,216,521
-
15 · Other assets
beginning of year $2,072,339 · end of year $1,966,265
-
17 · Accounts payable and accrued expenses
beginning of year $1,706,851 · end of year $1,647,584
-
24 · Unsecured notes and loans payable
beginning of year $21,923,028 · end of year $21,923,028
-
25 · Other liabilities
beginning of year $131,723 · end of year $131,723
-
27 · Net assets without donor restrictions
beginning of year -$7,838,658 · end of year -$8,721,275
Mission and programs · 2023
Mission
THE CORPORATION WAS FORMED FOR THE PURPOSE OF PROVIDING, ON A NON-PROFIT BASIS, RENTAL HOUSING FOR PERSONS AND FAMILIES OF LOW INCOME.
-
THE CORPORATION WAS FORMED FOR THE PURPOSE OF PROVIDING, ON A NON-PROFIT BASIS, RENTAL HOUSING FOR PERSONS AND FAMILIES OF LOW INCOME.
Expenses $3,866,806
As filed on the 2023 return.
Listed in Part VII
-
Raul RussiRAUL RUSSI
PRESIDENT
- Total calculated
- $980,006
- From this org
- $0
- From related orgs
- $909,372
- Other
- $70,634
- Hours/week
- 0.5
Schedule J breakdown matched by us
- Base
- not reported + $909,372 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $70,634 related
- Nontaxable benefits
- not reported
- Filer's total
- not reported + $980,006 related
-
Lymaris AlborsLYMARIS ALBORS
CEO
- Total calculated
- $842,965
- From this org
- $0
- From related orgs
- $803,886
- Other
- $39,079
- Hours/week
- 0.5
Schedule J breakdown matched by us
- Base
- not reported + $803,886 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $39,079 related
- Nontaxable benefits
- not reported
- Filer's total
- not reported + $842,965 related
-
Jose R RodriguezJOSE R RODRIGUEZ
CLO/EXEC VP
- Total calculated
- $639,637
- From this org
- $0
- From related orgs
- $602,553
- Other
- $37,084
- Hours/week
- 0.5
Schedule J breakdown matched by us
- Base
- not reported + $602,553 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $37,084 related
- Nontaxable benefits
- not reported
- Filer's total
- not reported + $639,637 related
-
Vicky GatellVICKY GATELL
CFO
- Total calculated
- $497,576
- From this org
- $0
- From related orgs
- $454,869
- Other
- $42,707
- Hours/week
- 0.5
Schedule J breakdown matched by us
- Base
- not reported + $454,869 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $42,707 related
- Nontaxable benefits
- not reported
- Filer's total
- not reported + $497,576 related
-
Angel AudiffredANGEL AUDIFFRED
SECRETARY
- Total calculated
- $0
-
Eliezer BerriosELIEZER BERRIOS
MEMBER
- Total calculated
- $0
-
Henry ComasHENRY COMAS
CHAIR
- Total calculated
- $0
-
Ramon DiazRAMON DIAZ
VICE CHAIR
- Total calculated
- $0
-
Viveca DiazVIVECA DIAZ
MEMBER
- Total calculated
- $0
-
Eliezer Rodriguez EsqELIEZER RODRIGUEZ ESQ
MEMBER
- Total calculated
- $0
-
Amneris MoralesAMNERIS MORALES
MEMBER
- Total calculated
- $0
-
Frank QuilesFRANK QUILES
MEMBER
- Total calculated
- $0
-
Wilfred RentaWILFRED RENTA
TREASURER
- Total calculated
- $0
-
Anthony RiveraANTHONY RIVERA
MEMBER
- Total calculated
- $0
-
Shirley StroudSHIRLEY STROUD
MEMBER
- Total calculated
- $0
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 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
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
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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.0
- Source object
- 202433199349310188
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