Lhanc Real Estate Holdings Inc
- Assets
- $34.2k
- Revenue
- $680.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Miami, FL
- Founding
- 12/2016
- Data as of
- 12/2021
- EIN
- 47-3871693
Organization Overview
Lhanc Real Estate Holdings Inc is located in Miami, FL. The organization was established in 2016. According to its NTEE Classification (L11) the organization is classified as: Single Organization Support, 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. Lhanc Real Estate Holdings Inc 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 12/2021, Lhanc Real Estate Holdings Inc generated $680.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $680.9k during the year ending 12/2021. While expenses have increased by 1.5% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
LHANC OPERATIONS INC WAS CREATED FOR THE PURPOSE OF ASSISTING LITTLE HAVANA SOCIAL SERVICES, INC. IN THE MANAGEMENT OF A NEW MULTIPURPOSE FACILITY CURRENTLY UNDER CONSTRUCTION, TO ENSURE EFFICIENT DIVISION OF OVERSIGHT RESPONSIBILITY IN RESPECT TO THE OPERATION OF THE FACILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SUPPORTS AND ENCOURAGES THE MAINTENANCE, MANAGEMENT, AND FINANCIAL ADVICE FOR LOW INCOME, SENIOR CITIZEN HOUSING PROJECT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rafael Iglesias President, CEO | OfficerTrustee | 2 | $240,000 |
Mario Luis Del Valle Vice Chair | OfficerTrustee | 2 | $0 |
Lourdes Madariaga Treasurer | OfficerTrustee | 2 | $0 |
Manuel Marrero Chairman, Officer | OfficerTrustee | 2 | $0 |
Luis M Borges Secretary | OfficerTrustee | 2 | $0 |
Elisa DE Velasco Director | OfficerTrustee | 2 | $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 | $680,000 |
| 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 | $680,000 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,570 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $350,000 |
| 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 | $0 |
| All other expenses | $316,331 |
| Total functional expenses | $680,901 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,237 |
| Total assets | $34,237 |
| Accounts payable and accrued expenses | $15,000 |
| 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 | $15,000 |
| Net assets without donor restrictions | $19,237 |
| 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 | $34,237 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Florida Pace Centers Inc Miami, FL | $59,896,234 | $73,566,290 |
Vsu Auxiliary Services Real Estatefoundation Inc Valdosta, GA | $163,910,452 | $6,694,353 |
230 John Wesley Dobbs Boulevard Ventures Inc Atlanta, GA | $13,295,834 | $2,161,354 |
Lotus Endowment Fund Inc Miami Beach, FL | $47,005,317 | $1,449,247 |
Suncoast Manor Foundation Inc Orlando, FL | $5,520,358 | $1,508,546 |
University Plaza Properties Inc N Miami Beach, FL | $1,282,739 | $2,034,753 |
Ponce Plaza Properties Inc N Miami Beach, FL | $70,707 | -$7,840,527 |
Early Learning Property Management Inc Atlanta, GA | $26,441,881 | $2,751,537 |
Bright Community Trust Inc Clearwater, FL | $17,021,807 | $2,241,118 |
Arch Plaza Properties Inc N Miami Beach, FL | $36,348 | $836,763 |
Local Community Housing Corporation Tarpon Springs, FL | $1,361,837 | $599,108 |
Lhanc Real Estate Holdings Inc Miami, FL | $34,237 | $680,000 |