Nonprofit · EIN 74-2230568
AZTECA ECONOMIC DEVELOPMENT AND PRESERVATION CORPORATION
Tax-exempt · LAREDO, TX 78040
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $773,319 | $842,956 | -$69,637 | $3,090,497 | $19,339 | $3,071,158 |
| December 31, 2023 | 990 | $522,946 | $727,155 | -$204,209 | $3,163,269 | $22,474 | $3,140,795 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $198,728
- of which government grants
- $120,047
- Program service revenue
- $570,576
- Investment income
- $4,015
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $303,245
- Salaries, compensation and benefits (total)
- $326,707
- Professional fundraising fees
- $0
- Travel
- $1,092
- Depreciation
- $154,484
- Program services (functional)
- $675,684
- Management and general (functional)
- $167,272
Balance sheet and other
- Total assets, start of year
- $3,163,269
- Total assets, end of year
- $3,090,497
- Total liabilities, end of year
- $19,339
- Net assets, end of year
- $3,071,158
- Land, buildings and equipment
- $1,727,704
- Net assets without donor restrictions
- $3,071,158
- Gross receipts
- $773,319
- Employees
- 18
- Year formed
- 1985
- State of legal domicile
- TX
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 |
|---|---|---|---|
| REY AYALA | PRESIDENT Trustee or director, Officer | – | $0 |
| ORALIA GARCIA | TREASURER Trustee or director, Officer | – | $0 |
| REYNALDO GARCIA JR | SECRETARY Trustee or director, Officer | – | $0 |
| LUPE AYALA | VICE PRESIDE Trustee or director, Officer | – | $0 |
| RAUL CAVAZOS JR | BOARD MEMBER Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| REY AYALA | PRESIDENT Trustee or director, Officer | – | $0 |
| ORALIA GARCIA | TREASURER Trustee or director, Officer | – | $0 |
| REYNALDO GARCIA JR | SECRETARY Trustee or director, Officer | – | $0 |
| LUPE AYALA | VICE PRESIDE Trustee or director, Officer | – | $0 |
| RAUL CAVAZOS JR | BOARD MEMBER Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 20 ITURBIDE ST, LAREDO, TX 78040-6126
- Principal officer (990 for 2024)
- RAFAEL TORRES, 8804 SHALOM CR, LAREDO, TX 78045
- Signed the 990
- RAFAEL TORRES, EXECUTIVE DIRECTOR
- Phone
- (956) 726-4462
- Return prepared by
- JORDAN & RULLAN CPAS PLLC
Mission
TO IMPROVE THE LIVING CONDITIONS OF LOW-INCOME FAMILIES WHICH INCLUDES PROVIDING DECENT, SAFE, AND AFFORDABLE LIVING.
Program accomplishments
- ECONOMIC DEVELOPMENT AND HISTORICAL PRESERVATION OF LOW-INCOME HOUSING IN ONE OF THE MOST IMPOVERISHED AREAS IN THE UNITED STATES.Expenses $675,684 · revenue $570,576
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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
- 74-2230568
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1983
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $3,090,497
- Income (IRS master file)
- $773,319
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $773,319 | $842,956 | $3,090,497 | XML |
| 990 | December 2023 | $522,946 | $727,155 | $3,163,269 | XML |
| 990 | December 2022 | $544,036 | $660,962 | $3,365,919 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 74-2230568).
Questions about AZTECA ECONOMIC DEVELOPMENT AND PRESERVATION CORPORATION
- What is the EIN of AZTECA ECONOMIC DEVELOPMENT AND PRESERVATION CORPORATION?
- The employer identification number (EIN) of AZTECA ECONOMIC DEVELOPMENT AND PRESERVATION CORPORATION is 74-2230568.
- Is AZTECA ECONOMIC DEVELOPMENT AND PRESERVATION CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
- Are donations to AZTECA ECONOMIC DEVELOPMENT AND PRESERVATION CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AZTECA ECONOMIC DEVELOPMENT AND PRESERVATION CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of AZTECA ECONOMIC DEVELOPMENT AND PRESERVATION CORPORATION 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 AZTECA ECONOMIC DEVELOPMENT AND PRESERVATION CORPORATION 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 AZTECA ECONOMIC DEVELOPMENT AND PRESERVATION CORPORATION?
- The 990 for the year ended December 31, 2024 names RAFAEL TORRES.
- Who are the officers and directors of AZTECA ECONOMIC DEVELOPMENT AND PRESERVATION CORPORATION?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does AZTECA ECONOMIC DEVELOPMENT AND PRESERVATION CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $773,319, expenses of $842,956 and total assets of $3,090,497 at year end.
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