Fideicomiso Comunitario Tierra Libre
- Assets
- $2.0m
- Revenue
- $517.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Los Angeles, CA
- Founding
- Data as of
- 12/2022
- EIN
- 83-4448945
Organization Overview
Fideicomiso Comunitario Tierra Libre is located in Los Angeles, CA. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Fideicomiso Comunitario Tierra Libre employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fideicomiso Comunitario Tierra Libre 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, Fideicomiso Comunitario Tierra Libre generated $517.7k in total revenue. All expenses for the organization totaled $170.9k during the year ending 12/2022. While expenses have increased by 150.8% per year over the past 3 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 PROVIDE OPPORTUNITIES FOR LOW-INCOME RESIDENTS OF BOYLE HEIGHTS AND EAST LOS ANGELE TO SECURE HOUSING THAT IS DECENT AND AFFORDABLE AND THAT IS CONTROLLED BY THE RESIDENTS ON A LONG-TERM BASIS; TO PRESERVE THE QUALITY AND AFORDABILITY OF HOUSING FOR FUTURE LOW-INCOMERESIDENTS ON A LONG-TERM BASIS; AND TO COMBAT COMMUNITY DETERIORATION IN ECONOMICALLY DISADVANTGED NEIGHBORHOODS
Describe the Organization's Program Activity:
Part 3 - Line 4a
FIDEICOMISO COMUNITARIO TIERRA LIBRE SECURES HOUSING FOR LOW INCOME RESIDENTS OF BOYLE HEIGHTS AND EAST LA AND PRESERVE THE QUALITY AND AFFORDABILITY OF HOUSING IN LONG-TERM BASIS.
FIDEICOMISO COMUNITARIO TIERRA LIBRE PARTNERED WITH OTHER NON PROFIT ORGANIZATION IN ASSISTING OR HELPING LOW INCOME RESIDENTS IN APPLYING FOR EMERGENCY RENTAL ASSISTANCE PROVIDED BY THE GOVERNMENT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vanessa Gonzalez Co-President | OfficerTrustee | 1 | $0 |
Eva Garcia Co-President | OfficerTrustee | 1 | $0 |
Joseph Paz Dominguez Treasurer | OfficerTrustee | 1 | $0 |
Leticia Ramirez Member | Trustee | 1 | $0 |
Martha Gonzalez Member | Trustee | 1 | $0 |
Rosa Curiel Member | Trustee | 1 | $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 | $418,389 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $418,389 |
| Total Program Service Revenue | $99,352 |
| 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 | $517,741 |
| 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 | $90,862 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,498 |
| Payroll taxes | $7,441 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,536 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,288 |
| Advertising and promotion | $0 |
| Office expenses | $365 |
| Information technology | $1,000 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $478 |
| 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 | $4,731 |
| All other expenses | $14,131 |
| Total functional expenses | $170,865 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $583,874 |
| 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 | $1,420,645 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,004,519 |
| Accounts payable and accrued expenses | $825 |
| 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 | $825 |
| Net assets without donor restrictions | $2,003,694 |
| 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 | $2,004,519 |