Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $760,065

• 1f · All other contributions, gifts and grants

  $786,000

• 2a · Program service revenue: ADMINISTRATIVE SERVICES

  total $68,118,644 · related or exempt $68,118,644

• 3 · Investment income

  total $141 · excluded $141

• 7b · Less cost or other basis and sales expenses

  other assets $143,176

• 7c · Gain or loss

  other assets -$143,176

• 7d · Net gain or loss

  total -$143,176 · excluded -$143,176

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $429,851 · excluded $429,851

• 11e · Other revenue, total

  $429,851

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $95,296 · program services $95,296

• 5 · Compensation of officers, directors and key employees

  total $1,647,364 · program services $176,409 · management and general $1,406,228 · fundraising $64,727

• 7 · Other salaries and wages

  total $56,559,869 · program services $49,116,568 · management and general $7,254,883 · fundraising $188,418

• 8 · Pension plan contributions

  total $456,579 · program services $429,873 · management and general $25,180 · fundraising $1,526

• 9 · Other employee benefits

  total $5,827,943 · program services $5,322,008 · management and general $480,744 · fundraising $25,191

• 10 · Payroll taxes

  total $4,595,752 · program services $4,158,237 · management and general $415,915 · fundraising $21,600

• 11b · Fees: legal

  total $66,949 · program services $34,519 · management and general $31,827 · fundraising $603

• 11c · Fees: accounting

  total $251,265 · program services $129,552 · management and general $119,451 · fundraising $2,262

• 11g · Fees: other

  total $1,081,688 · program services $557,718 · management and general $514,234 · fundraising $9,736

• 12 · Advertising and promotion

  total $123,535 · program services $65,906 · management and general $57,036 · fundraising $593

• 13 · Office expenses

  total $711,603 · program services $436,519 · management and general $272,069 · fundraising $3,015

• 14 · Information technology

  total $1,206,079 · program services $643,443 · management and general $556,847 · fundraising $5,789

• 16 · Occupancy

  total $960,052 · program services $906,102 · management and general $53,769 · fundraising $181

• 17 · Travel

  total $949,313 · program services $745,409 · management and general $202,932 · fundraising $972

• 19 · Conferences, conventions and meetings

  total $163,891 · program services $87,436 · management and general $75,666 · fundraising $789

• 20 · Interest

  total $134,324 · program services $71,623 · management and general $61,958 · fundraising $743

• 22 · Depreciation, depletion and amortization

  total $833,871 · program services $626,903 · management and general $206,968

• 23 · Insurance

  total $227,802 · program services $177,937 · management and general $48,786 · fundraising $1,079

• 24a · Other expenses: LICENSE & FEES

  total $767,286 · program services $470,676 · management and general $293,359 · fundraising $3,251

• 24b · Other expenses: BAD DEBT

  total $350,922 · program services $215,266 · management and general $134,169 · fundraising $1,487

• 24c · Other expenses: DUES & SUBSCRIPTIONS

  total $139,494 · program services $85,570 · management and general $53,333 · fundraising $591

• 24d · Other expenses: PROGRAM EXPENSES

  total $69,748 · program services $42,785 · management and general $26,667 · fundraising $296

• 24e · All other expenses

  total $290,621 · program services $178,276 · management and general $111,114 · fundraising $1,231

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $648,419 · end of year $333,184

• 4 · Accounts receivable

  beginning of year $3,103,994 · end of year $523,570

• 9 · Prepaid expenses and deferred charges

  beginning of year $281,814 · end of year $684,523

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

  $295,129

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

  $183,586

• 10c · Land, buildings and equipment, net

  beginning of year $9,163,820 · end of year $111,543

• 11 · Investments: publicly traded securities

  end of year $1,568,502

• 12 · Investments: other securities

  beginning of year $1,433,347 · end of year $895,923

• 13 · Investments: program-related

  beginning of year $15,325,036 · end of year $27,955,769

• 14 · Intangible assets

  beginning of year $960,381 · end of year $640,254

• 15 · Other assets

  beginning of year $9,146,386 · end of year $9,905,020

• 17 · Accounts payable and accrued expenses

  beginning of year $7,870,426 · end of year $8,429,052

• 23 · Secured mortgages and notes payable

  beginning of year $4,771,097

• 25 · Other liabilities

  beginning of year $24,140,587 · end of year $25,659,915

• 27 · Net assets without donor restrictions

  beginning of year $3,281,087 · end of year $8,529,321

The filer's explanations (Part III)

PART I, LINE 7

DISCRETIONARY BONUSES WERE GIVEN TO EMPLOYEES BASED ON THEIR PERFORMANCE REVIEWS AND FEASIBILITY. THE ORGANIZATION'S CEO REVIEWS ALL EXECUTIVE COMPENSATION THROUGH REVIEW OF COMPARATIVE DATA AND THIS COMPENSATION IS APPROVED BY THE CEO AT THEIR SOLE DISCRETION IN ADVANCE OF ANY PAYMENTS BEING MADE. THE CEO'S BONUS WAS APPROVED BY THE BOARD OF DIRECTORS IN ADVANCE OF ANY PAYMENTS BEING MADE.

Related partnerships

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

• LA VICTORIA COMMONS LP

  LIHTC HOUSING COMMUNITY · AZ

• LA VICTORIA COMMONS 4 LIHTC LP

  LIHTC HOUSING COMMUNITY · AZ

• PARKWAY COMMONS LP

  LIHTC HOUSING COMMUNITY · AZ

• 120 N BEVERLY LP

  LIHTC HOUSING COMMUNITY · AZ

Related corporations and trusts

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

• TECMARC INC

  C · PROPERTY MANAGEMENT · AZ