Telacu Residential Management Inc
- Assets
- $3.8m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 178
- Location
- Los Angeles, CA
- Founding
- 03/1998
- Data as of
- 12/2022
- EIN
- 95-4524072
Organization Overview
Telacu Residential Management Inc is located in Los Angeles, CA. The organization was established in 1998. According to its NTEE Classification (L02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Telacu Residential Management Inc employed 178 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Telacu Residential Management 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 12/2022, Telacu Residential Management Inc generated $5.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $5.7m during the year ending 12/2022. While expenses have increased by 4.8% per year over the past 8 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
MANAGEMENT OF PROJECTS RELATED TO LOW INCOME HOUSING FOR THE DISABLED AND ELDERLY (HUD PROJECTS) PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. CORPORATION HAS RECEIVED CERTIFICATION FOR MANAGEMENT OF MULTIFAMILY HOUSING PROJECTS FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGEMENT OF PROJECTS RELATED TO LOW INCOME HOUSING FOR THE DISABLED AND ELDERLY (HUD PROJECTS) PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. CORPORATION HAS RECEIVED CERTIFICATION FOR MANAGEMENT OF MULTIFAMILY HOUSING PROJECTS FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jasmine Borrego President/director | OfficerTrustee | 48 | $267,018 |
Paul Samuel Cfo/secretary/director | OfficerTrustee | 0.1 | $0 |
Michael Lizarraga Chairman/director | OfficerTrustee | 0.1 | $0 |
Yuri Escandon VP Of Field Operations | 48 | $152,055 | |
Christien Tran Controller | 48 | $204,625 | |
Angelique D'silva-Williams Director Of Occupancy & Re | 48 | $135,439 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pcam Llc Management Services | 12/30/20 | $207,073 |
Telacu Industries Inc Management Fees | 12/30/20 | $360,000 |
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 | $4,314,845 |
| Investment income | $202 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,802,034 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,965 |
| 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. | $267,018 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,662,310 |
| Pension plan accruals and contributions | $44,680 |
| Other employee benefits | $288,698 |
| Payroll taxes | $291,068 |
| Fees for services: Management | $360,000 |
| Fees for services: Legal | $134 |
| Fees for services: Accounting | $17,410 |
| 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 | $325,792 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $232,944 |
| Travel | $31,050 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,056 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $60,899 |
| Insurance | $76,510 |
| All other expenses | $0 |
| Total functional expenses | $5,702,534 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,672,798 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,610 |
| 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 | $49,354 |
| Net Land, buildings, and equipment | $339,636 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,695,889 |
| Total assets | $3,790,287 |
| Accounts payable and accrued expenses | $472,976 |
| 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 | $94,413 |
| Total liabilities | $567,389 |
| Net assets without donor restrictions | $3,222,898 |
| 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 | $3,790,287 |
Grants Awarded
Over the last fiscal year, Telacu Residential Management Inc has awarded $60,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TELACU EDUCATION FOUNDATION PURPOSE: SCHOLARSHIP CONTRIBUTIONS | $50,000 |
LEADINGAGE CALIFORNIA PURPOSE: TO CONTRIBUTE TO AND SUPPORT THE MISSION OF LEADINGAGE CALIFORNIA IN ADVANCING HOUSING AND SERVICES FOR OLDER ADULTS | $10,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Telacu Residential Management Inc Los Angeles, CA | $3,790,287 | $5,802,034 |
Humangood Cornerstone Duarte, CA | $4,442,212 | $5,255,000 |
Southern California Rental Housing Association San Diego, CA | $1,941,230 | $1,414,841 |
Affordable Housing Management Assoc-Northern California And Hawa Temecula, CA | $103,156 | $506,261 |
Community Association Institute Riverside, CA | $222,982 | $357,366 |
People S Resource Center El Monte, CA | $40,386 | $244,433 |
Community Design Center San Francisco, CA | $67,590 | $212,831 |
Retired Teachers Education Center Fresno, CA | $4,616 | $1,663 |
Housing Connections And Compliance Inc Fresno, CA | $0 | $0 |