La Merced Charitable Trust

Organization Overview

La Merced Charitable Trust is located in Brownsville, TX. The organization was established in 1971. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 02/2022, LA Merced Charitable Trust employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. LA Merced Charitable Trust is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.

For the year ending 02/2022, LA Merced Charitable Trust generated $4.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.6% each year . All expenses for the organization totaled $5.6m during the year ending 02/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE 100 HOMES FOR LOW AND MODERATE INCOME FAMILIES UNDER SECTION 8 OF THE NATIONAL HOUSING ACT, REGULATED BY HUD.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE HOUSING FOR LOW AND MODERATE INCOME FAMILIES


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)Compensation
Raquel Turrubiates
Interim Coordinator
$8,750
Linda V Alaniz
Vice-Chairperson
$0
Jose L Gonzalez
Chairman
$0
Rev Eduardo Ortega
Trustee
$0
Bishop Mario Aviles
Trustee
$0
Ricardo Garcia
Trustee
$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$459,655
Investment income $27
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $4,034,427
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,498,919

Create an account to unlock the data you need.

or