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Nonprofiteer
← COMITE DE BIENESTAR INC

Form 990 for tax year 2022

Filed by COMITE DE BIENESTAR INC.

Totals

Total revenue
$12,742,595
Total expenses
$7,345,476
Contributions and grants received
$8,079,356
Grants paid
$0
Program service revenue
$2,258,084
Investment income
$3,063
Other revenue
$2,402,092
Total assets, end of year
$24,935,924
Total liabilities, end of year
$8,693,614
Net assets or fund balances, end of year
$16,242,310
Program services expenses (Part IX)
$6,439,730
Management and general expenses
$855,420
Fundraising expenses
$50,326
Program service expenses (Part III)
$6,439,730

Program services were 87.7% 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.

  • 1b · Membership dues

    $13,930

  • 1e · Government grants (contributions)

    $7,865,414

  • 1f · All other contributions, gifts and grants

    $200,012

  • 2a · Program service revenue: DEVELOPER FEES

    total $1,681,496 · related or exempt $1,681,496

  • 2b · Program service revenue: AFFORDABLE APARTMNETS MGMT FEES

    total $546,459 · related or exempt $546,459

  • 2c · Program service revenue: INTEREST INCOME

    total $312,311 · related or exempt $312,311

  • 2d · Program service revenue: RENTAL INCOME

    total $211,681 · related or exempt $211,681

  • 2e · Program service revenue: LOSS ON EQUITY INVESTMENTS

    total -$493,863 · related or exempt -$493,863

  • 3 · Investment income

    total $3,063 · excluded $3,063

  • 10a · Gross sales of inventory

    $11,103,588

  • 10b · Cost of goods sold

    $8,953,341

  • 10c · Net income from sales of inventory

    total $2,150,247 · related or exempt $2,150,247

  • 11a · Other revenue: MISCELLANEOUS

    total $251,845 · related or exempt $251,845

  • 11e · Other revenue, total

    $251,845

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,327,484 · program services $998,537 · management and general $328,947

  • 8 · Pension plan contributions

    total $59,872 · program services $39,378 · management and general $20,494

  • 9 · Other employee benefits

    total $547,425 · program services $365,190 · management and general $182,235

  • 10 · Payroll taxes

    total $17,869 · management and general $17,869

  • 11b · Fees: legal

    total $9,685 · program services $8,231 · management and general $1,229 · fundraising $225

  • 11c · Fees: accounting

    total $174,711 · program services $98,977 · management and general $75,734

  • 12 · Advertising and promotion

    total $76,127 · program services $54,473 · management and general $14,904 · fundraising $6,750

  • 13 · Office expenses

    total $47,703 · program services $40,823 · management and general $6,880

  • 16 · Occupancy

    total $112,531 · program services $105,914 · management and general $6,617

  • 17 · Travel

    total $53,096 · program services $50,940 · management and general $2,060 · fundraising $96

  • 19 · Conferences, conventions and meetings

    total $112,757 · program services $95,433 · management and general $9,010 · fundraising $8,314

  • 20 · Interest

    total $202,312 · program services $202,312

  • 22 · Depreciation, depletion and amortization

    total $105,996 · program services $94,086 · management and general $11,910

  • 23 · Insurance

    total $182,869 · program services $115,519 · management and general $66,826 · fundraising $524

  • 24a · Other expenses: DIRECT COST OF CHILD NU

    total $2,966,565 · program services $2,966,565

  • 24b · Other expenses: LEASING EMPLOYEE EXPENS

    total $537,906 · program services $537,906

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $284,647 · program services $203,598 · management and general $80,914 · fundraising $135

  • 24d · Other expenses: OTHER EXPENSES

    total $256,178 · program services $203,475 · management and general $18,421 · fundraising $34,282

  • 24e · All other expenses

    total $269,743 · program services $258,373 · management and general $11,370

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $70,869 · end of year $25,734

  • 2 · Savings and temporary cash investments

    beginning of year $1,605,264 · end of year $1,845,737

  • 3 · Pledges and grants receivable

    beginning of year $302,308 · end of year $802,795

  • 4 · Accounts receivable

    beginning of year $254,333 · end of year $266,612

  • 7 · Other notes and loans receivable

    beginning of year $60,041 · end of year $57,321

  • 8 · Inventories for sale or use

    beginning of year $5,830,281 · end of year $6,702,760

  • 9 · Prepaid expenses and deferred charges

    beginning of year $93,407 · end of year $197,413

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

    $4,264,826

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

    $1,107,581

  • 10c · Land, buildings and equipment, net

    beginning of year $3,000,386 · end of year $3,157,245

  • 12 · Investments: other securities

    beginning of year $3,127,870 · end of year $1,735,728

  • 15 · Other assets

    beginning of year $6,525,096 · end of year $10,144,579

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,250,225 · end of year $2,169,069

  • 19 · Deferred revenue

    beginning of year $121,210 · end of year $207,200

  • 23 · Secured mortgages and notes payable

    beginning of year $6,348,630 · end of year $6,029,390

  • 24 · Unsecured notes and loans payable

    beginning of year $37,058 · end of year $0

  • 25 · Other liabilities

    beginning of year $369,263 · end of year $287,955

  • 27 · Net assets without donor restrictions

    beginning of year $10,777,484 · end of year $14,152,867

  • 28 · Net assets with donor restrictions

    beginning of year $965,985 · end of year $2,089,443

Mission and programs · 2022

Mission

COMITE DE BIEN ESTAR, INC. STRIVES TO ENHANCE THE ECONOMIC AND SOCIAL WELL-BEING OF THE COMMUNITY THROUGH COOPEARTIVE LAND DEVELOPMENT, HOUSING, LENDING AND SERVICE PROGRAMS.

Activities or mission (Part I)

COMITE DE BIEN ESTAR, INC. STRIVES TO ENHANCE THE ECONOMIC AND SOCIAL WELL-BEING OF THE COMMUNITY THROUGH COOPERATIVE LAND DEVELOPMENT, HOUSING, LENDING AND SERVICE PROGRAMS.

  • LAND DEVELOPMENT PROJECTS, LOW INCOME HOUSING, COMMUNITY CLASSES AND ACTIVITIES, AND RURAL DEVELOPMENT SELF-HELP HOUSING PROGRAM. HOUSING COUNSELING AND FINANCIAL LITERACY CLASSES - IMPORTANT, WE ARE A HUD-APPROVED COUNSELING AGENCY.

    Expenses $440,876 · Revenue $467,914

  • CHILD NUTRITION PROGRAM PROVIDES TRAINING IN NUTRITION AND REIMBURSES PARTICIPATING HOME DAYCARE PROVIDERS FOR MEALS SERVED TO THE CHILDREN WHILE IN THEIR CARE.

    Expenses $3,443,308 · Revenue $3,501,003

  • PROGRAM PROVIDES FUNDS TO BUILD AND MANAGE AFFORDABLE HOUSING PROJECTS

    Expenses $22,011 · Revenue $2,000,091

  • Expenses $2,533,535 · Revenue $1,598,002

As filed on the 2022 return.

Listed in Part VII

  • George Guerrero

    CHAIRMAN

    Total calculated
    $2,466
    From this org
    $2,466
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Anna Covarrubias

    VICE-CHAIRMAN

    Total calculated
    $2,512
    From this org
    $2,512
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Jose I Gonzalez

    TREASURER

    Total calculated
    $2,484
    From this org
    $2,484
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Edna Lopez

    SECRETARY

    Total calculated
    $2,292
    From this org
    $2,292
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Jose L Madrigal

    DIRECTOR

    Total calculated
    $2,467
    From this org
    $2,467
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Maria Gomez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Carlos Sanchez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Vicente Zamora

    DIRECTOR

    Total calculated
    $6,917
    From this org
    $6,917
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Fidel Munoz

    DIRECTOR

    Total calculated
    $1,241
    From this org
    $1,241
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Hector Sanchez

    LEGACY DIRECTOR

    Total calculated
    $2,466
    From this org
    $2,466
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Marco Antonio Reyes

    EXECUTIVE DIRECTOR

    Total calculated
    $198,183
    From this org
    $198,183
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,183
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $198,183

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

  • 5a · Pay contingent on this organization's revenues

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 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.

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.

  • GEMINI PROPERTY HOLDINGS

    501(C)(2) · HOLDING TITLE TO PROPERTY · AZ · controlled entity

    Directly controlled by COMITE DE BIEN ESTAR INC

  • BORDER FINANCIAL RESOURCES

    501(C)(3) · LOANS FOR LOW INCOME PEOPLE AND SMALL BUSINESSES · AZ · controlled entity

    Directly controlled by COMITE DE BIEN ESTAR INC

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.

  • SL BIENESTAR DEVELOPMENT IV LLC

    APARTMENT CONSTRUCTION · AZ · income $0 · assets $0

    Directly controlled by COMITE DE BIEN ESTAR INC

  • LAS BRISAS GP LLC

    RENTAL HOUSING DEVELOPMENT · AZ · income $0 · assets $0

    Directly controlled by COMITE DE BIEN ESTAR INC

Related partnerships

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

  • TIERRA DEL CIELO LIMITED PARTNERSHIP

    RELATED · FARM LABOR MULTI-HOUSING PROJECT · AZ · 0.01% owned · share of income $37 · share of assets $396

  • BIENESTAR APARTMENTS PHASE II LLC

    RELATED · TAX CREDIT HOUSING · AZ · 0.01% owned · share of income $43 · share of assets $279

  • BIENESTAR APARTMENTS LLC

    RELATED · RENTAL HOUSING · AZ · 99% owned · share of income $634,575 · share of assets $3,072,989

    Directly controlled by COMITE DE BIEN ESTAR INC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • BMG PROPERTY MANAGEMENT INC

    C · PROPERTY MANAGEMENT · AZ · 100% owned · share of income $202,899 · share of assets $94,052

    Directly controlled by COMITE DE BIEN ESTAR INC

  • LAS CASITAS APARTMENTS LLC

    C · AFFORDABLE HOUSING · AZ · 100% owned · share of income $574,899 · share of assets $1,260,510

    Directly controlled by COMITE DE BIEN ESTAR INC

  • CDBVVA GP LLC

    C · RENTAL HOUSING DEVELOPMENT · AZ · 100% owned

    Directly controlled by COMITE DE BIEN ESTAR INC

Provenance

Return type
form_990
Tax year
2022
Filed
7 August 2023
IRS schema version
2022v5.0
Source object
202332199349301808

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