Guadalupe Economic Services Corporation
- Assets
- $9.3m
- Revenue
- $830.6k
- Investments
- $0.0
- Employees
- 10
- Location
- Lubbock, TX
- Founding
- 06/1984
- Data as of
- 09/2022
- EIN
- 75-1867465
Organization Overview
Guadalupe Economic Services Corporation is located in Lubbock, TX. The organization was established in 1984. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 09/2022, Guadalupe Economic Services Corporation employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Guadalupe Economic Services Corporation 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 09/2022, Guadalupe Economic Services Corporation generated $830.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $861.5k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 6 years. 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 GROW EDUCATE AND SUPPORT RURAL COMMUNITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
VISTA RITA BLANCA FARM LABOR APARTMENTS
THRIFT STORE
VISTA RITA BLANCA II
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diana Lopez Executive Director | Officer | 50 | $39,208 |
Mario Heredia Board Vice President | Officer | 5 | $0 |
Benny Auilar Board Chairman | Officer | 5 | $0 |
Anah Menjares Secretary/treasury | Officer | 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 | $311,478 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $311,478 |
| Total Program Service Revenue | $517,613 |
| Investment income | $1,469 |
| 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 | $830,560 |
| 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. | $39,208 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $164,137 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $38,525 |
| Fees for services: Management | $58,511 |
| Fees for services: Legal | $675 |
| Fees for services: Accounting | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,604 |
| Office expenses | $24,189 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,344 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,089 |
| Interest | $110,415 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $114,213 |
| Insurance | $38,294 |
| All other expenses | $253,322 |
| Total functional expenses | $861,526 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $733,683 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,403 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $278,591 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $43,221 |
| Net Land, buildings, and equipment | $8,196,294 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,271,192 |
| Accounts payable and accrued expenses | $201,921 |
| 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 | $2,646,507 |
| Unsecured mortgages and notes payable | $534,996 |
| Other liabilities | $0 |
| Total liabilities | $3,383,424 |
| Net assets without donor restrictions | $5,887,768 |
| 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 | $9,271,192 |