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Nonprofiteer
← AFFORDABLE HOMES OF SOUTH TEXAS INC

Form 990 for tax year 2023

Filed by AFFORDABLE HOMES OF SOUTH TEXAS INC.

Totals

Total revenue
$12,056,686
Total expenses
$10,932,199
Contributions and grants received
$2,658,248
Grants paid
$2,923,197
Program service revenue
$4,602,217
Investment income
$263,387
Other revenue
$4,532,834
Total assets, end of year
$114,816,759
Total liabilities, end of year
$58,907,108
Net assets or fund balances, end of year
$55,909,651
Program services expenses (Part IX)
$7,598,647
Management and general expenses
$3,273,356
Fundraising expenses
$60,196
Program service expenses (Part III)
$7,598,647

Program services were 69.5% 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.

  • 1e · Government grants (contributions)

    $2,229,894

  • 1f · All other contributions, gifts and grants

    $428,354

  • 2a · Program service revenue: Interest

    total $3,772,877 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Late & processing fees

    total $221,834 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Refunds & reimbursements

    total $452,575 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: Contract fees

    total $154,931 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $263,387 · unrelated business $0 · excluded $263,387

  • 6a · Gross rents

    real property $546,096

  • 6b · Less rental expenses

    real property $528,000

  • 6c · Rental income or loss

    real property $18,096

  • 6d · Net rental income or loss

    total $18,096 · related or exempt $18,096

  • 10a · Gross sales of inventory

    $11,501,551

  • 10b · Cost of goods sold

    $6,986,813

  • 10c · Net income from sales of inventory

    total $4,514,738 · related or exempt $4,514,738

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $2,923,197 · program services $2,923,197

  • 5 · Compensation of officers, directors and key employees

    total $538,180 · program services $122,406 · management and general $415,774 · fundraising $0

  • 7 · Other salaries and wages

    total $2,296,304 · program services $1,443,309 · management and general $832,259 · fundraising $20,736

  • 8 · Pension plan contributions

    total $104,425 · program services $60,533 · management and general $43,198 · fundraising $694

  • 9 · Other employee benefits

    total $353,204 · program services $296,857 · management and general $55,456 · fundraising $891

  • 10 · Payroll taxes

    total $229,503 · program services $18,888 · management and general $207,173 · fundraising $3,442

  • 11g · Fees: other

    total $176,243 · program services $95,687 · management and general $79,267 · fundraising $1,289

  • 12 · Advertising and promotion

    total $179,101 · program services $98,932 · management and general $78,859 · fundraising $1,310

  • 13 · Office expenses

    total $523,898 · program services $301,810 · management and general $212,416 · fundraising $9,672

  • 14 · Information technology

    total $115,522 · program services $67,720 · management and general $46,957 · fundraising $845

  • 16 · Occupancy

    total $161,176 · program services $88,342 · management and general $71,644 · fundraising $1,190

  • 17 · Travel

    total $102,704 · program services $56,004 · management and general $45,945 · fundraising $755

  • 20 · Interest

    total $1,923,816 · program services $1,058,074 · management and general $851,885 · fundraising $13,857

  • 22 · Depreciation, depletion and amortization

    total $278,278 · program services $169,824 · management and general $106,718 · fundraising $1,736

  • 23 · Insurance

    total $286,354 · program services $161,469 · management and general $122,790 · fundraising $2,095

  • 24a · Other expenses: Grant expenses

    total $261,130 · program services $261,130 · management and general $0 · fundraising $0

  • 24b · Other expenses: Lot & home maintenance

    total $398,031 · program services $316,375 · management and general $80,349 · fundraising $1,307

  • 24c · Other expenses: Impairment loss

    total $29,654 · program services $29,654 · management and general $0 · fundraising $0

  • 24d · Other expenses: Rental & contractual

    total $51,479 · program services $28,436 · management and general $22,666 · fundraising $377

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,427,769 · end of year $7,077,500

  • 2 · Savings and temporary cash investments

    beginning of year $4,727,103 · end of year $2,542,411

  • 3 · Pledges and grants receivable

    beginning of year $440,734 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $64,751,778 · end of year $69,662,723

  • 8 · Inventories for sale or use

    beginning of year $18,518,577 · end of year $14,727,412

  • 9 · Prepaid expenses and deferred charges

    beginning of year $148,996 · end of year $233,509

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

    $17,617,040

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

    $3,960,427

  • 10c · Land, buildings and equipment, net

    beginning of year $11,855,078 · end of year $13,656,613

  • 13 · Investments: program-related

    beginning of year $3,961,606 · end of year $4,006,306

  • 15 · Other assets

    beginning of year $3,084,698 · end of year $2,910,285

  • 17 · Accounts payable and accrued expenses

    beginning of year $335,091 · end of year $988,036

  • 19 · Deferred revenue

    beginning of year $850,400 · end of year $728,442

  • 21 · Escrow or custodial account liability

    beginning of year $2,312,622 · end of year $2,357,986

  • 23 · Secured mortgages and notes payable

    beginning of year $25,189,725 · end of year $23,048,768

  • 24 · Unsecured notes and loans payable

    beginning of year $30,588,674 · end of year $31,783,876

  • 27 · Net assets without donor restrictions

    beginning of year $54,639,827 · end of year $55,909,651

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

Affordable Homes of South Texas, Inc. is organized for the purpose of providing housing for qualified low-income families within the City of McAllen, Texas and Hidalgo County, Texas.

  • Affordable Homes of South Texas, Inc. provides mortgage loans to low-income families for the purchase of new homes and the rehabilitation of existing homes.

    Expenses $7,598,647 · Grants $2,923,197 · Revenue $9,135,051

As filed on the 2023 return.

Listed in Part VII

  • Elias Lozano

    President

    Total calculated
    $0
    Hours/week
    4

  • Rafael Munguia

    Vice President

    Total calculated
    $0
    Hours/week
    4

  • Brent Baldree

    Secretary

    Total calculated
    $0
    Hours/week
    4

  • Sergio Melendez

    Treasurer

    Total calculated
    $0
    Hours/week
    4

  • Connie Garza

    Board Member

    Total calculated
    $0
    Hours/week
    4

  • Mario de Leon

    Board Member

    Total calculated
    $0
    Hours/week
    4

  • Piedad Martinez

    Board Member

    Total calculated
    $0
    Hours/week
    4

  • Fernando Dominguez

    Board Member

    Total calculated
    $0
    Hours/week
    4

  • Gilbert Garza Jr

    Board Member

    Total calculated
    $0
    Hours/week
    4

  • Edna Martinez

    Board Member

    Total calculated
    $0
    Hours/week
    4

  • Lorena Castillo

    Board Member

    Total calculated
    $0
    Hours/week
    4

  • Robert Calvillo

    Executive Director

    Total calculated
    $193,705
    From this org
    $176,609
    From related orgs
    $0
    Other
    $17,096
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,609
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $17,096
    Filer's total
    $193,705

  • Rey Jaquez

    Director of Financial Planning

    Total calculated
    $114,824
    From this org
    $102,193
    From related orgs
    $0
    Other
    $12,631
    Hours/week
    40

  • Myra Martinez

    Chief Operating Officer

    Total calculated
    $122,406
    From this org
    $109,346
    From related orgs
    $0
    Other
    $13,060
    Hours/week
    40

  • Cynthia Torres

    Chief Financial Officer

    Total calculated
    $107,245
    From this org
    $95,043
    From related orgs
    $0
    Other
    $12,202
    Hours/week
    40

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.

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.

Related corporations and trusts

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

  • TuCasa Investments Inc

    C · Holding Company · TX · 100% owned · controlled entity

    Directly controlled by AHSTI

Provenance

Return type
form_990
Tax year
2023
Filed
21 January 2025
IRS schema version
2023v6.0
Source object
202510219349300741

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