LULAC Haven Incorporated

Tax-deductible

Laredo, TX501(c)(3)Since 1978HousingEIN 74-1978518

The purpose of this entity is to provide low-cost housing for the elderly.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
5 of 5
filings with a surplus
Average surplus $69K a year · 18% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 5.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$236K
34% of total assets
Looks good: liabilities are 34% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$412K
+4% vs prior year
Spent
$321K
To programs
97%
Net assets
$448K
By yearFY2020–FY2024
Revenue
$412K
FY2024▲ +4%
Revenue by fiscal year
FY2020$370K
FY2021$371K
FY2022$371K
FY2023$394K
FY2024$397K
FY2024$412K
Expenses
$321K
FY2024▼ -4%
Expenses by fiscal year
FY2020$299K
FY2021$277K
FY2022$318K
FY2023$328K
FY2024$334K
FY2024$321K
Net assets
$448K
FY2024▲ +27%
Net assets by fiscal year
FY2020$84K
FY2021$185K
FY2022$238K
FY2023$304K
FY2024$354K
FY2024$448K

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1978.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $312K Management & general 3% · $9K

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

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See LULAC Haven Incorporated 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

Builds affordable homes for seniors.

Provided by the organization

This section is blank until LULAC Haven Incorporated claims this page.

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1 program service account for $312K of program spending, described in the organization's own filed words · FY2024.
01

To provide low-cost housing for the elderly

$312Kprogram expense

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By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$412K
Ln 12
Gifts and grantsLn 1h$262K
Fees for servicesLn 2g$147K
Investment incomeLn 3$2K
Money outPt IX
$321K
Ln 25
Programscol B$312K
Managementcol C$9K
Owns and owesPt X
$448K
net assets · Ln 32
Cash and savingsLn 1–2$153K
Total assetsLn 16$684K
LiabilitiesLn 26$236K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$262K
Government grantsLn 1e$262K
Fees for servicesLn 2g$147K
Investment incomeLn 3$2K
Other incomeLn 4–11$1K
Total revenueLn 12$412K
Assets in detailPt X, end of year
CashLn 1$153K
Cash and savings togetherLn 1–2$153K
Land, buildings, equipmentLn 10c$488K
Other assetsLn 15$12K
Total assetsLn 16$684K
LiabilitiesLn 26$236K
Net assetsLn 32$448K
OperationsPt I, VI
EmployeesI 53
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$213K$153K
Land, buildings, equipmentLn 10c$450K$488K
Total assetsLn 16$706K$684K
LiabilitiesLn 26$352K$236K
Net assetsLn 32$354K$448K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$90K$90K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$6K$6K
Payroll taxesLn 10$6K$6K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$9K$9K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$51K$51K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$28K$28K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$83K$83K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$39K$39K
InsuranceLn 23$100$100
Other expenses (24a–d)Ln 24$6K$6K
All other expensesLn 24e$0
Total functional expensesLn 25$321K$312K$9K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $397K$334K$63K$354K 990 PDF
FY2023 $394K$328K$66K$304K 990 PDF
FY2022 $371K$318K$53K$238K 990 PDF
FY2021 $371K$277K$94K$185K 990 PDF
FY2020 $370K$299K$71K$84K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $412,099 across 5 lines filed
Lines not itemized here account for $1,312 of total revenue; see the IRS return.
VIII-1e Government grants$261,790
VIII-1h Total contributions, gifts and grants$261,790
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $146,732$146,732
VIII-3 Investment incomeRelated to mission $2,265$2,265
VIII-12 Total revenueRelated to mission $150,309$412,099
Part IX · Statement of functional expenses $321,460 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $89,954$89,954
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $6,143$6,143
IX-10 Payroll taxesPrograms $6,332$6,332
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $9,240$9,240
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $50,998$50,998
IX-12 Advertising and promotionPrograms $1,394$1,394
IX-13 Office expensesPrograms $28,242$28,242
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $83,290$83,290
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $39,494$39,494
IX-23 InsurancePrograms $100$100
IX-24 Other expenses (24a–d)Programs $6,273$6,273
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $312,220 · Management $9,240 · Fundraising $0$321,460
Part X · Balance sheet $683,997 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $213,149$153,370
X-9 Prepaid expenses and deferred chargesStart of year $30,147$30,419
X-10c Land, buildings and equipment, netStart of year $450,479$488,057
X-15 Other assetsStart of year $12,077$12,151
X-16 Total assetsStart of year $705,852$683,997
X-17 Accounts payable and accrued expensesStart of year $17,399$11,291
X-24 Unsecured notes and loans payableStart of year $18,322$17,473
X-25 Other liabilitiesStart of year $12,500$12,519
X-26 Total liabilitiesStart of year $351,663$235,752
X-27 Net assets without donor restrictionsStart of year $354,189$448,245
X-32 Total net assets or fund balancesStart of year $354,189$448,245
X-33 Total liabilities and net assetsStart of year $705,852$683,997
Part XI · Reconciliation of net assets $448,245 net assets at year end
XI-1 Total revenue$412,099
XI-2 Total expenses$321,460
XI-3 Revenue less expenses$90,639
XI-4 Net assets at start of year$354,189
XI-8 Prior period adjustments$3,417
XI-10 Net assets at end of year$448,245

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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