Culinary And Bartenders Housing Partnership
- Assets
- $16.2m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- North Las Vegas, NV
- Founding
- 09/2011
- Data as of
- 12/2021
- EIN
- 26-3050475
Organization Overview
Culinary And Bartenders Housing Partnership is located in North Las Vegas, NV. The organization was established in 2011. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is the central organization for a national or regional group of organizations. Culinary And Bartenders Housing Partnership is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2021, Culinary And Bartenders Housing Partnership generated $1.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $481.4k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES FINANCIAL EDUCATION AND ASSISTANCE FOR HOUSING FOR EMPLOYEES OF CULINARY UNION LOCAL 226, THE BARTENDERS LOCAL 165, AND NUMEROUS PROMINENT HOTELS IN THE LAS VEGAS AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FIRST TIME HOME BUYER DOWN PAYMENT ASSISTANCE PROGRAM: THE CULINARY AND BARTENDERS HOUSING PARTNERSHIP PROVIDES ELIGIBLE PARTICIPANTS WITH A LOAN OF UP TO 20,000 TO USE FOR A DOWN PAYMENT FOR A HOME. THE DOWN PAYMENT LOAN IS A ZERO PERCENT INTEREST LOAN, WHICH MUST BE REPAID UPON SALE, TRANSFER OR REFINANCE OF THE PROPERTY. THE PARTICIPANT MUST RESIDE IN THE HOME AS A PRIMARY RESIDENCE. A TOTAL OF 321,599 IN LOANS WERE CLOSED IN THE YEAR ENDING 12/31/21.
HOMEBUYER EDUCATION AND COUNSELING PROGRAM: THE CULINARY AND BARTENDERS HOUSING PARTNERSHIP OFFERS HOMEBUYER EDUCATION AND COUSELING. THE OBJECTIVE OF THIS PROGRAM IS TO CREATE INFORMED, EDUCATED AND RESPONSIBLE HOMEBUYERS. APPROXIMATELY 278 PARTICIPANTS RECEIVED HOMEBUYER EDUCATION AND 63 PARTICIPANTS RECEIVED ONE-ON-ONE HOMEBUYER FINANCIAL COUNSELING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lana Loebig Board Chair | OfficerTrustee | 0.5 | $0 |
Barbara Buckley Trustee | Trustee | 0.5 | $0 |
Norbert Kobiak Trustee | Trustee | 0.5 | $0 |
Jim Sullivan Trustee | Trustee | 0.5 | $0 |
Ted Pappageorge Trustee | Trustee | 0.5 | $0 |
Stephanie Segundo Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $1,622,289 |
| Investment income | $0 |
| 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 | $1,622,289 |
| 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 | $412,341 |
| Fees for services: Legal | $3,188 |
| Fees for services: Accounting | $14,313 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,595 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,185 |
| All other expenses | $0 |
| Total functional expenses | $481,405 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,927,360 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $372,218 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $12,924,450 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,918 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,227,946 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $16,227,946 |
| 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 | $16,227,946 |
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