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Las Moradas Hispanic Elderly Housing FY2020 filing

Tax-deductible

Chicago, IL501(c)(3)Housing EIN 36-3188493Revenue $9.7M in FY2020

On file with the IRS325 N Wells 8th Floor, 60654-7024 · Chicago, ILTax-exempt since Sep 1998Publicly supported — 509(a)(2)

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To provide safe, decent and sanitary rental Housing for the Elderly.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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 5
filings with a surplus
Average surplus $385K a year · 20% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$758K
77% of total assets
Worth a look: liabilities are 77% of assets; over 65%.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$9.7M
Spent
$7.5M
To programs
99%
Net assets
$226K
By yearFY2020–FY2024
Revenue
$9.7M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$9.7M
FY2021$39K
FY2022$951
FY2023$0
FY2024$0
Expenses
$7.5M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$7.5M
FY2021$14K
FY2022$1K
FY2023$251K
FY2024$47
Net assets
$226K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$226K
FY2021$251K
FY2022$251K
FY2023$247
FY2024$200

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 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 Sep 1998.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $7.4M Management & general 1% · $103K

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

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
Henry Mendoza
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Paul Slade
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Annette Zemlan
Director of Property Manag
$0Pt VII · Sec A
Mary Reyes
HR Manager
$0Pt VII · Sec A
$0Pt VII · Sec A
Stephen Porras
VP of Business Development
$0Pt VII · Sec A
See Las Moradas Hispanic Elderly Housing 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

Offers safe, decent, and sanitary rental housing for seniors.

Questions for Las Moradas Hispanic Elderly Housing

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Provided by the organization

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1 program · $7.4M · in their own filed words · FY2020
01

The corporation operates an apartment complex in chicago, il, occupied by the elderly. The co-sponsors of this project are hispanic housing development corporation and casa central, both of which are tax exempt organizations.

$7.4Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $6.6M · 2020–2023
Hispanic Housing Development CorporationIL · FY2023$250,000
Hispanic Housing Development CorporationIL · FY2020$6,359,286

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$9.7M
Ln 12
Investment incomeLn 3$8.7M
Fees for servicesLn 2g$973K
Other incomeLn 4–11$4K
Money outPt IX
$7.5M
Ln 25
Programscol B$7.4M
Managementcol C$103K
Owns and owesPt X
$226K
net assets · Ln 32
Cash and savingsLn 1–2$885K
Total assetsLn 16$984K
LiabilitiesLn 26$758K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$973K
Investment incomeLn 3$8.7M
Other incomeLn 4–11$4K
Gains on assetsLn 7$8.7M
Total revenueLn 12$9.7M
Assets in detailPt X, end of year
CashLn 1$885K
Cash and savings togetherLn 1–2$885K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$27K
Total assetsLn 16$984K
LiabilitiesLn 26$758K
Net assetsLn 32$226K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY20End FY20
Cash and savingsLn 1–2$226K$885K
Land, buildings, equipmentLn 10c$811K$0
Total assetsLn 16$2.0M$984K
LiabilitiesLn 26$4.0M$758K
Net assetsLn 32−$1.9M$226K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$6.4M$6.4M
Other salaries and wagesLn 7$160K$144K$16K
Other employee benefitsLn 9$44K$44K
Payroll taxesLn 10$13K$12K$996
Management feesLn 11a$58K$58K
Legal feesLn 11b$88$88
Accounting feesLn 11c$20K$20K
Other fees for servicesLn 11g$600$600
Advertising and promotionLn 12$938$938
Office expensesLn 13$20K$20K
OccupancyLn 16$66K$66K
InterestLn 20$448K$448K
Depreciation, depletion and amortizationLn 22$44K$44K
InsuranceLn 23$55K$55K
Other expenses (24a–d)Ln 24$233K$231K$1K
All other expensesLn 24e$14K$7K$7K
Total functional expensesLn 25$7.5M$7.4M$103K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $0$47−$47$200 990 PDF
FY2023 $0$251K−$251K$247 990 PDF
FY2022 $951$1K−$235$251K 990 PDF
FY2021 $39K$14K$25K$251K 990 PDF
FY2020 Viewing $9.7M$7.5M$2.2M$226K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $9,689,592 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $1,156,400$972,766
I-10 Investment incomePrior year $2,916$8,712,527
I-11 Other revenuePrior year $1,805$4,299
I-12 Total revenuePrior year $1,161,121$9,689,592
I-13 Grants and similar amounts paidPrior year $0$6,359,286
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $266,532$217,045
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $883,808$959,957
I-18 Total expensesPrior year $1,150,340$7,536,288
I-19 Revenue less expensesPrior year $10,781$2,153,304
Part VI · Governance 2 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $9,689,592 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $972,766$972,766
VIII-3 Investment incomeExcluded from tax $2,377$2,377
VIII-7 Net gain or loss on sales of assetsRelated to mission $8,710,150$8,710,150
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,299$4,299
VIII-12 Total revenueRelated to mission $9,687,215 · Unrelated business $0 · Excluded from tax $2,377$9,689,592
Part IX · Statement of functional expenses $7,536,288 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $6,359,286$6,359,286
IX-7 Other salaries and wagesPrograms $144,013 · Management $16,001$160,014
IX-9 Other employee benefitsPrograms $43,722$43,722
IX-10 Payroll taxesPrograms $12,313 · Management $996$13,309
IX-11a Management feesManagement $58,400$58,400
IX-11b Legal feesManagement $88$88
IX-11c Accounting feesManagement $19,600$19,600
IX-11g Other fees for servicesPrograms $600$600
IX-12 Advertising and promotionPrograms $938$938
IX-13 Office expensesPrograms $20,036$20,036
IX-16 OccupancyPrograms $65,810$65,810
IX-20 InterestPrograms $448,420$448,420
IX-22 Depreciation, depletion and amortizationPrograms $43,822$43,822
IX-23 InsurancePrograms $55,448$55,448
IX-24 Other expenses (24a–d)Programs $231,425 · Management $1,084$232,509
IX-24e All other expensesPrograms $7,097 · Management $7,189$14,286
IX-25 Total functional expensesPrograms $7,432,930 · Management $103,358 · Fundraising $0$7,536,288
Part X · Balance sheet $984,396 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $226,496$885,012
X-4 Accounts receivableStart of year $1,565$72,197
X-9 Prepaid expenses and deferred chargesStart of year $43,190$0
X-10c Land, buildings and equipment, netStart of year $811,217$0
X-15 Other assetsStart of year $951,170$27,187
X-16 Total assetsStart of year $2,033,638$984,396
X-17 Accounts payable and accrued expensesStart of year $50,461$757,980
X-19 Deferred revenueStart of year $403$0
X-25 Other liabilitiesStart of year $274,045$0
X-26 Total liabilitiesStart of year $3,960,526$757,980
X-27 Net assets without donor restrictionsStart of year −$1,926,888$226,416
X-32 Total net assets or fund balancesStart of year −$1,926,888$226,416
X-33 Total liabilities and net assetsStart of year $2,033,638$984,396
Part XI · Reconciliation of net assets $226,416 net assets at year end
XI-1 Total revenue$9,689,592
XI-2 Total expenses$7,536,288
XI-3 Revenue less expenses$2,153,304
XI-4 Net assets at start of year−$1,926,888
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$226,416

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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