La Posada Foundation FY2023 filing

Tax-deductible

Green Valley, AZ501(c)(3)Human ServicesEIN 32-0680959

Support housing & healthcare for seniors.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $7.2M a year · 92% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 5.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$75K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 9 voting members
Looks good: 8 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
−$162K
-101% vs prior year
Spent
$871K
To programs
87%
Net assets
$21.8M
By yearFY2022–FY2024
Revenue
−$162K
FY2023▼ -101%
Revenue by fiscal year
FY2022$20.7M
FY2023−$162K
FY2024$3.0M
Expenses
$871K
FY2023▲ +128%
Expenses by fiscal year
FY2022$382K
FY2023$871K
FY2024$613K
Net assets
$21.8M
FY2023▲ +12%
Net assets by fiscal year
FY2022$19.5M
FY2023$21.8M
FY2024$25.5M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2022.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $759K Management & general 13% · $112K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation
President/CEO
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director (left 2/23)
$0Pt VII · Sec A
Director (left 10/23)
$0Pt VII · Sec A
See La Posada Foundation 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides housing and healthcare services for seniors.

Provided by the organization

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1 program service account for $759K of program spending, described in the organization's own filed words · FY2023.
01

Maintain institutions for the care of persons suffering from illnesses and disabilities and to establish, support and maintain SENIOR/ELDER care and retirement facilities, including, but not limited to, independent living facilities, assisted living facilities, skilled nursing facilities and intermediate care facilities and to provide…

$759Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2022
Total grants receivedfrom 1 funder$10K
Grants paid · 4 grants · $685K · 2022–2024
Unitemized GrantFY2024$135,961
La Posada at Park Centre INCAZ · FY2024$120,000
Unitemized GrantFY2023$133,841
La Posada at Park Centre INCAZ · FY2022$295,278

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
−$162K
Ln 12
Gifts and grantsLn 1h$444K
Money outPt IX
$871K
Ln 25
Programscol B$759K
Managementcol C$112K
Owns and owesPt X
$21.8M
net assets · Ln 32
Cash and savingsLn 1–2$381K
Total assetsLn 16$21.9M
LiabilitiesLn 26$75K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$444K
Gains on assetsLn 7−$606K
Total revenueLn 12−$162K
Assets in detailPt X, end of year
CashLn 1$324K
SavingsLn 2$57K
Cash and savings togetherLn 1–2$381K
InvestmentsLn 11–13$21.5M
Total assetsLn 16$21.9M
LiabilitiesLn 26$75K
Net assetsLn 32$21.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 68
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$115K$381K
InvestmentsLn 11–13$19.3M$21.5M
Total assetsLn 16$19.5M$21.9M
LiabilitiesLn 26$40$75K
Net assetsLn 32$19.5M$21.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$626K$626K
Grants to domestic individualsLn 2$134K$134K
Accounting feesLn 11c$21K$21K
Investment management feesLn 11f$62K$62K
Office expensesLn 13$1K$1K
Other expenses (24a–d)Ln 24$27K$27K
Total functional expensesLn 25$871K$759K$112K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $3.0M$613K$2.4M$25.5M 990 PDF
FY2023 Viewing −$162K$871K−$1.0M$21.8M 990 PDF
FY2022 $20.7M$382K$20.3M$19.5M 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue −$162,479 across 4 lines filed
VIII-1f All other contributions, gifts and grants$443,980
VIII-1h Total contributions, gifts and grants$443,980
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$606,459−$606,459
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$606,459−$162,479
Part IX · Statement of functional expenses $871,056 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $625,517$625,517
IX-2 Grants to domestic individualsPrograms $133,841$133,841
IX-11c Accounting feesManagement $21,000$21,000
IX-11f Investment management feesManagement $62,388$62,388
IX-13 Office expensesManagement $1,255$1,255
IX-24 Other expenses (24a–d)Management $27,055$27,055
IX-25 Total functional expensesPrograms $759,358 · Management $111,698 · Fundraising $0$871,056
Part X · Balance sheet $21,901,876 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $35,492$323,822
X-2 Savings and temporary cash investmentsStart of year $79,057$56,790
X-11 Publicly traded securitiesStart of year $19,349,738$21,521,264
X-16 Total assetsStart of year $19,464,287$21,901,876
X-17 Accounts payable and accrued expensesStart of year $40$223
X-25 Other liabilitiesStart of year $0$75,112
X-26 Total liabilitiesStart of year $40$75,335
X-27 Net assets without donor restrictionsStart of year $12,639,247$15,001,541
X-28 Net assets with donor restrictionsStart of year $6,825,000$6,825,000
X-32 Total net assets or fund balancesStart of year $19,464,247$21,826,541
X-33 Total liabilities and net assetsStart of year $19,464,287$21,901,876
Part XI · Reconciliation of net assets $21,826,541 net assets at year end
XI-1 Total revenue−$162,479
XI-2 Total expenses$871,056
XI-3 Revenue less expenses−$1,033,535
XI-4 Net assets at start of year$19,464,247
XI-5 Net unrealized gains (losses) on investments$3,395,790
XI-8 Prior period adjustments$39
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$21,826,541

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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