Telacu Hacienda
- Assets
- $8.0m
- Revenue
- $761.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 04/2008
- Data as of
- 12/2023
- EIN
- 06-1833880
Organization Overview
Telacu Hacienda is located in Los Angeles, CA. The organization was established in 2008. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Telacu Hacienda is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Telacu Hacienda generated $761.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 2.5% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TELACU HOUSING - SAN BERNARDINO V, INC. (THE "CORPORATION") IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF CALIFORNIA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 75 UNIT COMMUNITY KNOWN AS TELACU HACIENDA (THE "PROPERTY") LOCATED IN SAN BERNARDINO, CALIFORNIA, WHICH PROVIDES HOUSING FOR LOW-INCOME ELDERLY PERSONS PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TELACU HOUSING - SAN BERNARDINO V, INC. (THE "CORPORATION") IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF CALIFORNIA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 75 UNIT COMMUNITY KNOWN AS TELACU HACIENDA (THE "PROPERTY") LOCATED IN SAN BERNARDINO, CALIFORNIA, WHICH PROVIDES HOUSING FOR LOW-INCOME ELDERLY PERSONS PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael D Lizarraga President | OfficerTrustee | 0.1 | $0 |
Tom Provencio Vice President & Treasurer | OfficerTrustee | 0.1 | $0 |
Paul Samuel Secretary | OfficerTrustee | 0.1 | $0 |
Jose Elizondo Director | Trustee | 0.1 | $0 |
Alex Sotomayor Director | Trustee | 0.1 | $0 |
James Hodges Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $518,149 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $518,149 |
| Total Program Service Revenue | $239,388 |
| Investment income | $1,566 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $761,712 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $102,693 |
| Fees for services: Legal | $18,326 |
| Fees for services: Accounting | $8,945 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,338 |
| Advertising and promotion | $1,454 |
| Office expenses | $34,820 |
| Information technology | $4,818 |
| Royalties | $0 |
| Occupancy | $421,730 |
| Travel | $1,840 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $989 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $402,841 |
| Insurance | $23,886 |
| All other expenses | $0 |
| Total functional expenses | $1,167,928 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,700 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,294 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $41,823 |
| Net Land, buildings, and equipment | $7,527,095 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $416,471 |
| Intangible assets | $0 |
| Other assets | $22,013 |
| Total assets | $8,042,396 |
| Accounts payable and accrued expenses | $115,153 |
| Grants payable | $0 |
| Deferred revenue | $264 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $12,119,842 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $34,694 |
| Total liabilities | $12,269,953 |
| Net assets without donor restrictions | -$4,227,557 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,042,396 |