Tenemos Que Reclamar Y Unidos Salvar La Tierra-South La
- Assets
- $13.7m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 15
- Location
- Los Angeles, CA
- Founding
- 01/2007
- Data as of
- 12/2022
- EIN
- 42-1687057
Organization Overview
Tenemos Que Reclamar Y Unidos Salvar La Tierra-South La is located in Los Angeles, CA. The organization was established in 2007. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Tenemos Que Reclamar Y Unidos Salvar LA Tierra-South LA employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tenemos Que Reclamar Y Unidos Salvar LA Tierra-South LA 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 12/2022, Tenemos Que Reclamar Y Unidos Salvar LA Tierra-South LA generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 35.0% each year . All expenses for the organization totaled $1.3m during the year ending 12/2022. While expenses have increased by 18.3% per year over the past 5 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO WORK WITH LOW-INCOME COMMUNITY RESIDENTS TO TRANSFORM THE BUILT ENVIRONMENT AND SOCIAL CONDITIONS IN SOUTH LOS ANGELES BY: SERVING AS A STEWARD FOR COMMUNITY-CONTROLLED LAND; BEING A CATALYST FOR VALUES-DRIVEN, COMMUNITY-SERVING DEVELOPMENT;BUILDING AWARENESS AND
Describe the Organization's Program Activity:
Part 3 - Line 4a
NB COMMUNITY CONTROL OVER ECONOMIC RESOURCES. THE ORGANIZATION ACQUIRES LAND TO BE HELD COLLECTIVELY, AND IN PERPETUITY, BY LOW-INCOME COMMUNITY RESIDENTS. IT SEEKS TO STABILIZE THE SOUTH LA NEIGHBORHOODS WHERE PRESSURE FROM DOWNTOWN REVITALIZATION, UNIVERSITY OF SOUTHERN CALIFORNIA EXPANSION, AND LIGHT RAIL TRANSIT HAVE DRIVEN UP REAL ESTATE PRICES AND RENTS, AND LONG-TERM LOW-INCOME NEIGHBORHOOD RESIDENTS ARE BEING THREATEND WITH DISPLACEMENT. THE ORGANIZATION ALSO SEEKS TO BRING COMMUNITY-CONTROLLED AND COMMUNITY-SERVING DEVELOPMENT TO THE DISINVESTED NEIGHBORHOODS SOUTH OF MARTIN LUTHER KING. THE ORGANIZATION ALSO WORKS IN THE AREAS OF TRANSPORTATION AND RECREATION IN ORDER TO SUPPORT HEALTHY LIVING AND ECONOMIC VITALITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benjamin Torres Board President | OfficerTrustee | 1 | $0 |
Nancy Halpern Ibrahim Vice President | OfficerTrustee | 1 | $0 |
Nake Brown Treasurer | OfficerTrustee | 1 | $0 |
Jenny Aguas Board Member | Trustee | 1 | $0 |
Uriel Arguelles Board Member | Trustee | 1 | $0 |
Juanita Calel Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $521 |
| Fundraising events | $5,280 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,231,318 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,237,119 |
| Total Program Service Revenue | $485,762 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,042,186 |
| 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 | $2,765,067 |
| 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. | $115,000 |
| Compensation of current officers, directors, key employees. | $17,264 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $538,949 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $50,298 |
| Payroll taxes | $52,970 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $67,845 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $37,500 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $129,428 |
| Advertising and promotion | $0 |
| Office expenses | $32,464 |
| Information technology | $6,941 |
| Royalties | $0 |
| Occupancy | $53,060 |
| Travel | $6,533 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $68 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,057 |
| Insurance | $20,899 |
| All other expenses | $82,832 |
| Total functional expenses | $1,274,908 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,279,843 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $122,125 |
| Accounts receivable, net | $213,095 |
| 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 | $13,190 |
| Net Land, buildings, and equipment | $10,888,760 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $226,707 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,743,720 |
| Accounts payable and accrued expenses | $15,058 |
| Grants payable | $0 |
| Deferred revenue | $8,441,857 |
| 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 | $196,614 |
| Other liabilities | $0 |
| Total liabilities | $8,653,529 |
| Net assets without donor restrictions | $4,672,593 |
| Net assets with donor restrictions | $417,598 |
| 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 | $13,743,720 |