Nonprofit · EIN 31-1625931
TELACU HOMES INC
Tax-exempt · COMMERCE, CA 90022
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $14,997 | $50,287 | -$35,290 | $682,674 | $0 | $682,674 |
| December 31, 2023 | 990 | $3,122 | $71,250 | -$68,128 | $717,964 | $0 | $717,964 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $14,997
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $6,500
- Program services (functional)
- $50,287
Balance sheet and other
- Total assets, start of year
- $717,964
- Total assets, end of year
- $682,674
- Total liabilities, end of year
- $0
- Net assets, end of year
- $682,674
- Net assets without donor restrictions
- $682,674
- Gross receipts
- $14,997
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1998
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MICHAEL LIZARRAGA | COO/SEC/DIR Trustee or director, Officer | 0.05 | $0 | $2,292,957 | $41,085 |
| PAUL SAMUEL | CFO/DIRECTOR/ASST. SEC. Trustee or director, Officer | 0.05 | $0 | $992,211 | $39,722 |
| JOHN CLEM | PRES/DIRECTOR Trustee or director, Officer | 0.5 | $0 | $808,857 | $29,053 |
| JASMINE BORREGO | DIRECTOR Trustee or director | 0.05 | $0 | $288,032 | $7,885 |
| TOM F PROVENCIO | DIRECTOR Trustee or director | 0.05 | $0 | $267,469 | $18,761 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MICHAEL LIZARRAGA | COO/SEC/DIR Trustee or director, Officer | 0.1 | $0 | $2,093,190 | $36,963 |
| PAUL SAMUEL | CFO/DIRECTOR/ASST. SEC. Trustee or director, Officer | 0.1 | $0 | $992,373 | $35,139 |
| JOHN CLEM | PRES/DIRECTOR Trustee or director, Officer | 0.1 | $0 | $795,040 | $25,869 |
| TOM F PROVENCIO | DIRECTOR Trustee or director | 0.1 | $0 | $259,729 | $16,626 |
| JASMINE BORREGO | DIRECTOR Trustee or director | 0.1 | $0 | $251,689 | $7,653 |
Address and contacts
- Address (IRS master file)
- 5400 E OLYMPIC BLVD STE 300, COMMERCE, CA 90022-5187
- Principal officer (990 for 2024)
- MICHAEL LIZARRAGA, 5400 EAST OLYMPIC BOULEVARD, LOS ANGELES, CA 90022
- Signed the 990
- PAUL SAMUEL, CFO
- Phone
- (323) 721-1655
- Return prepared by
- HEDMAN PARTNERS LLP
Mission
GENERAL PARTNER IN CERTAIN LOW INCOME HOUSING TAX CREDIT PARTNERSHIPS
Program accomplishments
- PROVIDE LOW INCOME HOUSING TO DISABLED & ELDERLY AND ORGANIZATION SERVES AS GENERAL PARTNER IN LOW INCOME HOUSING TAX CREDIT PARTNERSHIPSExpenses $50,287
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 31-1625931
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1999
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $682,674
- Income (IRS master file)
- $14,997
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $14,997 | $50,287 | $682,674 | XML |
| 990 | December 2023 | $3,122 | $71,250 | $717,964 | XML |
| 990 | December 2022 | $21,601 | $154,968 | $786,092 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about TELACU HOMES INC
- What is the EIN of TELACU HOMES INC?
- The employer identification number (EIN) of TELACU HOMES INC is 31-1625931.
- Is TELACU HOMES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to TELACU HOMES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TELACU HOMES INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of TELACU HOMES INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TELACU HOMES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of TELACU HOMES INC?
- The 990 for the year ended December 31, 2024 names MICHAEL LIZARRAGA.
- Who are the officers and directors of TELACU HOMES INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does TELACU HOMES INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $14,997, expenses of $50,287 and total assets of $682,674 at year end.
Other nonprofits in COMMERCE
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- TELACU SENIOR HOUSING OF LOS ANGELES COUNTY EIN 95-4108620 · last filed 990 for 2024
- TELACU MANOR INC EIN 95-4072123 · last filed 990 for 2024
- TELACU SENIOR COURT INC EIN 95-4099273 · last filed 990 for 2024
- TELACU HOUSING-MORENO VALLEY INC EIN 95-4266975 · last filed 990 for 2024
- TELACU SENIOR MANOR LOS ANGELES EIN 95-4198493 · last filed 990 for 2024
- TELACU HOUSING-PICO ALISO INC EIN 31-1634556 · last filed 990 for 2024
- TELACU HOUSING-SAN BERNARDINO IV INC EIN 06-1803137 · last filed 990 for 2024
All nonprofits in COMMERCE · California · Housing and shelter