Mesquite Qalicb INC: Nonprofit Profile, Financials & Form 990 (EIN 82-3098581)

Revenue by fiscal year
FY2020	$116K
FY2021	$115K
FY2022	$115K
FY2023	$117K
FY2024	$116K
FY2025	$9.9M

Expenses by fiscal year
FY2020	$374K
FY2021	$377K
FY2022	$377K
FY2023	$378K
FY2024	$378K
FY2025	$7.4M

Net assets by fiscal year
FY2020	−$1.4M
FY2021	−$1.7M
FY2022	−$2.0M
FY2023	−$2.2M
FY2024	−$2.5M
FY2025	$0

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

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

Where the money goes

99 cents of each dollar spent went to programs.

99%

Program services 99% · $7.4M Management & general 1% · $56K

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

Something off? Claim to add context

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Floresto Cabias

President

$0Pt VII · Sec A

Karen Dutkowski

Secretary/Treasurer

$0Pt VII · Sec A

Michael Saunders

Director

$0Pt VII · Sec A

Tim Wong

Director

$0Pt VII · Sec A

Nathaniel Waugh

Director

$0Pt VII · Sec A

See Mesquite Qalicb 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 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Acquires and leases property for the benefit of the library district.

Questions for Mesquite Qalicb INC

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1 program · $7.4M · in their own filed words · FY2024

01

The Mesquite QALICB obtained financing in an arranged structure under the new markets tax credit program (NMTC). As a result of participating in the NMTC program, Mesquite QALICB entered into two notes payable, which are secured by a deed of trust and assignments of leases and rents.

$7.4Mprogram expense

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$9.9M

Ln 12

Other incomeLn 4–11$9.8M

Fees for servicesLn 2g$88K

Investment incomeLn 3$183

Money outPt IX

$7.4M

Ln 25

Programscol B$7.4M

Managementcol C$56K

Owns and owesPt X

$0

net assets · Ln 32

Total assetsLn 16$0

LiabilitiesLn 26$0

PeoplePt VI, VII

5

listed · VII A

PaidVII A0

Voting boardVI 1a5

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$88K

Investment incomeLn 3$183

Other incomeLn 4–11$9.8M

Total revenueLn 12$9.9M

Assets in detailPt X, end of year

Total assetsLn 16$0

LiabilitiesLn 26$0

Net assetsLn 32$0

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

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	$97K	$0
InvestmentsLn 11–13		$0
Land, buildings, equipmentLn 10c	$7.2M	$0
Total assetsLn 16	$7.3M	$0
LiabilitiesLn 26	$9.8M	$0
Net assetsLn 32	−$2.5M	$0

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Accounting feesLn 11c	$3K		$3K
Other fees for servicesLn 11g	$36K		$36K
InterestLn 20	$49K	$49K
Depreciation, depletion and amortizationLn 22	$125K	$125K
InsuranceLn 23	$1K		$1K
Other expenses (24a–d)Ln 24	$7.2M	$7.2M	$16K
Total functional expensesLn 25	$7.4M	$7.4M	$56K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest ViewingFiled with the IRS Mar 11, 2026	$9.9M	$7.4M	$2.5M	$0	990 PDF
FY2024Filed with the IRS Feb 19, 2025	$116K	$378K	−$262K	−$2.5M	990 PDF
FY2023Filed with the IRS May 14, 2024	$117K	$378K	−$261K	−$2.2M	990 PDF
FY2022Filed with the IRS Apr 11, 2023	$115K	$377K	−$262K	−$2.0M	990 PDF
FY2021Filed with the IRS Feb 1, 2022	$115K	$377K	−$262K	−$1.7M	990 PDF
FY2020Filed with the IRS Apr 16, 2021	$116K	$374K	−$258K	−$1.4M	990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations

See the full FY2025 990 (6 parts)

Part I · Summary $9,897,266 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $115,000$87,500

I-10 Investment incomePrior year $1,084$183

I-11 Other revenuePrior year $0$9,809,583

I-12 Total revenuePrior year $116,084$9,897,266

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 $378,323$7,408,519

I-18 Total expensesPrior year $378,323$7,408,519

I-19 Revenue less expensesPrior year −$262,239$2,488,747

Part VI · Governance 3 of 5 board members independent, 4 to look at

VI-1a Voting members of the governing body5

VI-1b Independent voting members3

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

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $9,897,266 across 4 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $87,500$87,500

VIII-3 Investment incomeExcluded from tax $183$183

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $9,809,583$9,809,583

VIII-12 Total revenueRelated to mission $9,897,083 · Unrelated business $0 · Excluded from tax $183$9,897,266

Part IX · Statement of functional expenses $7,408,519 across 6 lines filed

IX-11c Accounting feesManagement $3,000$3,000

IX-11g Other fees for servicesManagement $35,794$35,794

IX-20 InterestPrograms $49,020$49,020

IX-22 Depreciation, depletion and amortizationPrograms $125,212$125,212

IX-23 InsuranceManagement $1,154$1,154

IX-24 Other expenses (24a–d)Programs $7,178,026 · Management $16,313$7,194,339

IX-25 Total functional expensesPrograms $7,352,258 · Management $56,261 · Fundraising $0$7,408,519

Part X · Balance sheet $0 assets, 23 lines filed

X-1 Cash, non-interest-bearingStart of year $64,014$0

X-2 Savings and temporary cash investmentsStart of year $32,902$0

X-3 Pledges and grants receivable$0

X-4 Accounts receivable$0

X-5 Loans to officers and key people$0

X-6 Loans to other insiders$0

X-7 Notes and loans receivable$0

X-8 Inventories for sale or use$0

X-9 Prepaid expenses and deferred chargesStart of year $16,333$0

X-10c Land, buildings and equipment, netStart of year $7,208,738$0

X-11 Publicly traded securities$0

X-12 Other securities$0

X-13 Program-related investments$0

X-14 Intangible assets$0

X-15 Other assets$0

X-16 Total assetsStart of year $7,321,987$0

X-19 Deferred revenueStart of year $9,583$0

X-23 Secured mortgages and notes payableStart of year $9,800,000$0

X-25 Other liabilitiesStart of year $1,151$0

X-26 Total liabilitiesStart of year $9,810,734$0

X-27 Net assets without donor restrictionsStart of year −$2,488,747$0

X-32 Total net assets or fund balancesStart of year −$2,488,747$0

X-33 Total liabilities and net assetsStart of year $7,321,987$0

Part XI · Reconciliation of net assets $0 net assets at year end

XI-1 Total revenue$9,897,266

XI-2 Total expenses$7,408,519

XI-3 Revenue less expenses$2,488,747

XI-4 Net assets at start of year−$2,488,747

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$0

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

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Mesquite Qalicb 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 Mesquite Qalicb INC

By the numbers

Filing history

Schedules filed Part IV