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Las Cortes INC FY2021 filing

Tax-deductible

Oxnard, CA501(c)(3)HousingEIN 20-4574636Revenue $37K in FY2021

On file with the IRS435 South D Street Suite 103, 93030-5918 · Oxnard, CATax-exempt since Jan 2007Publicly supported — 509(a)(2)

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To provide quality affordable housing in oxnard and support social services to empower residents.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $21K a year · 45% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
169 mo
of spending, in cash
Looks good: 169.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$590K
53% of total assets
Fine: liabilities are 53% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$37K
Spent
$48K
To programs
100%
Net assets
$531K
By yearFY2021–FY2025
Revenue
$37K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$37K
FY2022$44K
FY2023$56K
FY2024$44K
FY2025$53K
Expenses
$48K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$48K
FY2022$23K
FY2023$18K
FY2024$19K
FY2025$21K
Net assets
$531K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$531K
FY2022$552K
FY2023$590K
FY2024$615K
FY2025$648K

From the FY2021 Form 990 (year ending June 2021) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

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

100 cents of each dollar spent went to programs.

Program services 100% · $48K

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

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Miguel Aranda
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Carmen Cano
Treasurer
$0Pt VII · Sec A
Vincent Stewart
Acting Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Jose Andrade
Director
$0Pt VII · Sec A
Emilio Ramirez
Oxnard Housing Director
$0Pt VII · Sec A
See Las Cortes INC executive salaries →

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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

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Provided by the organization

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1 program · $48K · in their own filed words · FY2020
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 is currently the only oxnard based non-profit that produces affordable housing. Las cortes, inc.

$48Kprogram expense

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$37K
Ln 12
Fees for servicesLn 2g$37K
Money outPt IX
$48K
Ln 25
Programscol B$48K
Owns and owesPt X
$531K
net assets · Ln 32
Cash and savingsLn 1–2$673K
Total assetsLn 16$1.1M
LiabilitiesLn 26$590K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$37K
Total revenueLn 12$37K
Assets in detailPt X, end of year
CashLn 1$673K
Cash and savings togetherLn 1–2$673K
InvestmentsLn 11–13$230
Total assetsLn 16$1.1M
LiabilitiesLn 26$590K
Net assetsLn 32$531K
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
LineStart FY21End FY21
Cash and savingsLn 1–2$673K$673K
InvestmentsLn 11–13$230$230
Total assetsLn 16$1.1M$1.1M
LiabilitiesLn 26$598K$590K
Net assetsLn 32$542K$531K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$6K$6K
Other employee benefitsLn 9$3K$3K
Legal feesLn 11b$27K$27K
Office expensesLn 13$242$242
OccupancyLn 16$3K$3K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$6K$6K
Total functional expensesLn 25$48K$48K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $53K$21K$33K$648K 990 PDF
FY2024 $44K$19K$25K$615K 990 PDF
FY2023 $56K$18K$38K$590K 990 PDF
FY2022 $44K$23K$21K$552K 990 PDF
FY2021 Viewing $37K$48K−$10K$531K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $37,295 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $313,765$37,295
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $313,765$37,295
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 $7,566$8,436
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $0$39,251
I-18 Total expensesPrior year $7,566$47,687
I-19 Revenue less expensesPrior year $306,199−$10,392
Part VI · Governance 7 of 7 board members independent, 5 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $37,295 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $37,295$37,295
VIII-12 Total revenueRelated to mission $37,295 · Unrelated business $0 · Excluded from tax $0$37,295
Part IX · Statement of functional expenses $47,687 across 7 lines filed
IX-7 Other salaries and wagesPrograms $5,540$5,540
IX-9 Other employee benefitsPrograms $2,896$2,896
IX-11b Legal feesPrograms $26,929$26,929
IX-13 Office expensesPrograms $242$242
IX-16 OccupancyPrograms $2,722$2,722
IX-23 InsurancePrograms $2,967$2,967
IX-24 Other expenses (24a–d)Programs $6,391$6,391
IX-25 Total functional expensesPrograms $47,687 · Management $0 · Fundraising $0$47,687
Part X · Balance sheet $1,121,245 assets, 9 lines filed
Asset lines not itemized here account for $418,686; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $672,889$672,592
X-4 Accounts receivableStart of year $41,096$23,384
X-9 Prepaid expenses and deferred chargesStart of year $6,316$6,353
X-12 Other securitiesStart of year $230$230
X-16 Total assetsStart of year $1,139,217$1,121,245
X-17 Accounts payable and accrued expensesStart of year $7,582$2
X-26 Total liabilitiesStart of year $597,582$590,002
X-32 Total net assets or fund balancesStart of year $541,635$531,243
X-33 Total liabilities and net assetsStart of year $1,139,217$1,121,245
Part XI · Reconciliation of net assets $531,243 net assets at year end
XI-1 Total revenue$37,295
XI-2 Total expenses$47,687
XI-3 Revenue less expenses−$10,392
XI-4 Net assets at start of year$541,635
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$531,243

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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