Las Cortes INC: Nonprofit Profile, Financials & Form 990 (EIN 20-4574636)

Revenue by fiscal year
FY2021	$37K
FY2022	$44K
FY2023	$56K
FY2024	$44K
FY2025	$53K

Expenses by fiscal year
FY2021	$48K
FY2022	$23K
FY2023	$18K
FY2024	$19K
FY2025	$21K

Net assets by fiscal year
FY2021	$531K
FY2022	$552K
FY2023	$590K
FY2024	$615K
FY2025	$648K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2007.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

100%

Management & general 100% · $21K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation

Vincent Stewart

President

$0Pt VII · Sec A

Bert Perello

Treasurer

$0Pt VII · Sec A

Gabriela Basua

Vice President

$0Pt VII · Sec A

Jose Andrade

Secretary

$0Pt VII · Sec A

See Las Cortes INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2Yes
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Builds affordable housing and offers social services to empower Oxnard residents.

Questions for Las Cortes INC

Tap to ask. Las Cortes INC sees how many people are interested.

Your first name shows with your question. Las Cortes INC answers here, for everyone.

1 program · in their own filed words · FY2024

01

Las cortes, inc. Is a corporation that was authorized by the city council on december 20, 2005, for the sole purpose of creating affordable housing, and currently is the only oxnard based non-profit that produces affordable housing. Las cortes, inc.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-4574636) · Dispute this line

Pt IX · Ln 25 · col B

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$53K

Ln 12

Fees for servicesLn 2g$53K

Money outPt IX

$21K

Ln 25

Managementcol C$21K

Owns and owesPt X

$648K

net assets · Ln 32

Cash and savingsLn 1–2$804K

Total assetsLn 16$1.2M

LiabilitiesLn 26$593K

PeoplePt VI, VII

4

listed · VII A

PaidVII A0

Voting boardVI 1a4

IndependentVI 1b4

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$53K

Total revenueLn 12$53K

Assets in detailPt X, end of year

CashLn 1$804K

Cash and savings togetherLn 1–2$804K

Accounts receivableLn 4$16K

Notes and loans receivableLn 7$419K

Prepaid expenses and deferred chargesLn 9$2K

InvestmentsLn 11–13$230

Total assetsLn 16$1.2M

LiabilitiesLn 26$593K

Net assetsLn 32$648K

OperationsPt I, VI

EmployeesI 50

VolunteersI 66

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$767K	$804K
InvestmentsLn 11–13	$230	$230
Total assetsLn 16	$1.2M	$1.2M
LiabilitiesLn 26	$593K	$593K
Net assetsLn 32	$615K	$648K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Accounting feesLn 11c	$8K		$8K
Office expensesLn 13	$9		$9
OccupancyLn 16	$3K		$3K
InsuranceLn 23	$10K		$10K
Total functional expensesLn 25	$21K	$0	$21K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest ViewingFiled with the IRS Oct 29, 2025	$53K	$21K	$33K	$648K	990 PDF
FY2024Filed with the IRS Oct 24, 2024	$44K	$19K	$25K	$615K	990 PDF
FY2023Filed with the IRS Oct 12, 2023	$56K	$18K	$38K	$590K	990 PDF
FY2022Filed with the IRS Nov 18, 2022	$44K	$23K	$21K	$552K	990 PDF
FY2021Filed with the IRS Jul 6, 2023	$37K	$48K	−$10K	$531K	990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations

See the full FY2025 990

Part I · Summary $53,445 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $44,160$53,445

I-10 Investment incomePrior year $0$0

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $44,160$53,445

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $19,489$20,611

I-18 Total expensesPrior year $19,489$20,611

I-19 Revenue less expensesPrior year $24,671$32,834

Part VI · Governance 4 of 4 board members independent, 5 to look at

VI-1a Voting members of the governing body4

VI-1b Independent voting members4

VI-2 Family or business relationship among officers or directorsYes

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

Part VIII · Statement of revenue $53,445 across 2 lines filed

Lines not itemized here account for $53,445 of total revenue; see the IRS return.

VIII-1h Total contributions, gifts and grants$0

VIII-12 Total revenueRelated to mission $53,445 · Unrelated business $0 · Excluded from tax $0$53,445

Part IX · Statement of functional expenses $20,611 across 4 lines filed

IX-11c Accounting feesManagement $8,068$8,068

IX-13 Office expensesManagement $9$9

IX-16 OccupancyManagement $2,722$2,722

IX-23 InsuranceManagement $9,812$9,812

IX-25 Total functional expensesPrograms $0 · Management $20,611 · Fundraising $0$20,611

Part X · Balance sheet $1,241,026 assets, 14 lines filed

X-1 Cash, non-interest-bearingStart of year $766,853$804,024

X-4 Accounts receivableStart of year $15,198$16,391

X-7 Notes and loans receivableStart of year $418,686$418,686

X-9 Prepaid expenses and deferred chargesStart of year $6,485$1,695

X-12 Other securitiesStart of year $230$230

X-16 Total assetsStart of year $1,207,452$1,241,026

X-17 Accounts payable and accrued expensesStart of year $2,660$3,400

X-23 Secured mortgages and notes payableStart of year $590,000$590,000

X-26 Total liabilitiesStart of year $592,660$593,400

X-29 Capital stock or trust principalStart of year $0$0

X-30 Paid-in or capital surplusStart of year $0$0

X-31 Retained earnings or endowmentStart of year $614,792$647,626

X-32 Total net assets or fund balancesStart of year $614,792$647,626

X-33 Total liabilities and net assetsStart of year $1,207,452$1,241,026

Part XI · Reconciliation of net assets $647,626 net assets at year end

XI-1 Total revenue$53,445

XI-2 Total expenses$20,611

XI-3 Revenue less expenses$32,834

XI-4 Net assets at start of year$614,792

XI-5 Net unrealized gains (losses) on investments$0

XI-6 Donated services and use of facilities$0

XI-7 Investment expenses$0

XI-8 Prior period adjustments$0

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$647,626

Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

The names, titles, and financial information shown on this page are reproduced from IRS Form 990 filings, which are public records. More

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown. A filing can only be corrected by the organization filing an amended return with the IRS; the corrected information appears here at our next update.

We publish only information contained in the public IRS filing, and less than the filing contains. Our pages do not display home addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, contact the filing organization or the IRS directly.

Las Cortes INC

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Las Cortes INC

By the numbers

Filing history

Schedules filed Part IV