2024-04-10T16:52:21-05:00 2023-05-31 943108253 NOVOGRADAC & COMPANY LLP 3025 NORTH WOOSTER AVENUE DOVER OH 44622 990 2022-06-01 475414163 LBU HOLDINGS INC LBUH 2147523729 809 SINGLETON BLVD DALLAS TX 75212 LEONOR MARQUEZ PRESIDENT 2147523729 2024-04-10 1 LEONOR MARQUEZ 999009999 0 FRANK BUSS II P00441804 3303655400 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z LEONOR MARQUEZ 809 SINGLETON BLVD DALLAS TX 75212 7114555 0 X WWW.LOSBARRIOSUNIDOS.ORG X 2015 TX FORMED EXCLUSIVELY FOR CHARITABLE PURPOSES TO FACILITATE MEDICAL CARE WITHOUT REGARD TO THE BENEFICIARIES ABILITY TO PAY. ORGANIZED TO OPERATE EXCLUSIVELY TO CARRY OUT THE PURPOSES OF LOS BARRIOS UNIDOS COMMUNITY CLINIC, INC., A TEXAS NON-PROFIT CORPORATION. 4 2 0 0 0 0 0 0 0 0 0 0 -37716 6792366 -37716 6792366 0 0 0 0 0 0 0 0 0 390970 1607783 390970 1607783 -428686 5184583 10145264 31996 6550867 0 3594397 31996 THIS CORPORATION IS FORMED EXCLUSIVELY FOR CHARITABLE PURPOSES. THIS CORPORATION MORE SPECIFICALLY SUPPORTS LOS BARRIOS UNIDOS COMMUNITY CLINIC, INC.(LBUCC), A CHARITABLE-BASED TEXAS NON-PROFIT CORPORATION WHICH OPERATES MEDICAL CLINICS IN DALLAS, TEXAS. 0 0 1594983 THIS CORPORATION'S SOLE ACTIVITY IS TO PROVIDE FACILITIES FOR LBUCC, AN EXEMPT TEXAS CORPORATION, AND ALL REVENUES ARE DERIVED FROM RENTAL OF THE FACILITIES TO LBUCC AND ALL EXPENSES ARE DIRECTLY RELATED TO THOSE RENTAL ACTIVITIES. 1594983 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 2 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 TX X ART GARZA CHIEF FINANCIAL OFFICER 2145400331 809 SINGLETON BLVD DALLAS TX 75212 KATHLEEN GIBSON BOARD MEMBER 1.00 X 0 0 0 LEONOR MARQUEZ BOARD MEMBER, CEO 8.00 40.00 X 0 278514 0 STEVE SALAZAR BOARD MEMBER, TREASURER 1.00 X 0 0 0 LARRY TAYLOR BOARD MEMBER, SECRETARY 1.00 X 0 0 0 0 278514 0 0 0 1 0 0 264555 322189 -57634 -57634 -57634 CANCELLATION OF DEBT 6850000 6850000 6850000 6792366 6792366 0 0 12800 12800 4973 4973 264555 264555 431792 431792 LOSS ON DISPOSAL 495256 495256 BAD DEBT EXPENSE 397390 397390 1017 1017 1607783 1594983 12800 0 96764 31996 524511 0 9523989 0 10145264 31996 132659 0 6418208 0 6550867 0 X 3594397 31996 3594397 31996 10145264 31996 X 5184583 -8746984 X 0 1 X 1 0 X X 1 LOS BARRIOS UNIDOS COMMUNITY CLINIC 751378664 3 1 264555 0 1 264555 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART I, LINE 12G (VI) LBU HOLDINGS, INC. HOLDS A BUILDING AND LAND THAT IS RENTED AND USED EXCLUSIVELY FOR THE BENEFIT OF LOS BARRIOS UNIDOS COMMUNITY CLINIC. LBU HOLDINGS, INC. MADE A CONTRIBUTION BACK TO LOS BARRIOS UNIDOS COMMUNITY CLINIC DURING THE YEAR IN THE AMOUNT OF $264,555. 0 X 6863925 13925 13925 6850000 -57634 -57634 6792366 10426326 8818543 8818543 1607783 0 1607783 PART X, LINE 2: THE CORPORATION IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM SIMILAR STATE AND LOCAL TAXES. THE PREPARATION OF FINANCIAL STATEMENTS IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES THE CORPORATION TO REPORT INFORMATION REGARDING ITS EXPOSURE TO VARIOUS TAX POSITIONS TAKEN BY THE CORPORATION. THE CORPORATION HAS DETERMINED WHETHER ANY TAX POSITIONS HAVE MET THE RECOGNITION THRESHOLD AND HAS MEASURED THE CORPORATION'S EXPOSURE TO THOSE TAX POSITIONS. MANAGEMENT BELIEVES THAT THE CORPORATION HAS ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: INTEREST ON EQUIPMENT CAPITAL LEASE - $13,925 PART XI, LINE 4B - OTHER ADJUSTMENTS: PREMISES LEASE REVENUE - $127,382 EQUIPMENT LEASE REVENUE - $137,173 BUILDING DEPRICATION - <$232,223> EQUIPMENT DEPRECIATION - <$49,526> INTEREST EXPENSE - <$40,440> PART XII, LINE 2D - OTHER ADJUSTMENTS: INTEREST EXPENSE - $40,440 INTEREST FINANCING - PREMISES LEASE - $10,744 BAD DEBT EXPENSE - $9,262,615 LOSS ON DISPOSAL - <$495,256> 0 0 0 0 0 0 0 0 0 LEONOR MARQUEZ BOARD MEMBER, CEO 0 278514 0 0 0 0 0 0 0 0 0 278514 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY MANAGEMENT AND APPROVED BY THE FINANCE COMMITTEE. A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD OF TRUSTEES FOR REVIEW PRIOR TO SUBMISSION. IT IS DELIVERED ELECTRONICALLY OR VIA USPS FOR THOSE WHO HAVE LIMITED ACCESS TO EMAIL. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION ANNUALLY REQUIRES BOARD MEMBERS TO REVIEW CONFLICT OF INTEREST POLICY DISTRIBUTED IN THEIR BOARD PACKETS. THE ORGANIZATION ALSO REQUIRES EACH BOARD MEMBER TO SIGN CONFLICT OF INTEREST AFFIRMATION. ANY POTENTIAL CONFLICT IDENTIFIED IS BROUGHT TO THE ATTENTION OF THE BOARD CHAIR FOR IMMEDIATE DISCUSSION AND RESOLUTION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: THE BALANCE SHEET IS SHOWN ON GAAP BASIS, NOT THE TAX BASIS. AS A RESULT, THERE IS A BOOK/TAX DIFFERENCE. THE LARGE BOOK/TAX DIFFERENCE IS MOSTLY ATTRIBUTABLE TO BAD DEBT EXPENSE ON A CAPITAL LEASE FOR GAAP PURPOSES, NOT RECOGNIZED FOR TAX. -8,746,984. LOS BARRIOS UNIDOS COMMUNITY CLINIC 809 SINGLETON BLVD DALLAS TX 75212 751378664 OPERATION OF MEDICAL CLINICS TX 501(C)(3) LINE 3 0 0 1 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 LOS BARRIOS UNIDOS COMMUNITY CLINIC J 264555 LOS BARRIOS UNIDOS COMMUNITY CLINIC B 264555