Nonprofit · EIN 77-0284592
LAGOON BEACH RESIDENTS ASSOCIATION INC
Tax-exempt · DENVER, CO 80202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $350,675 | $467,521 | -$116,846 | $2,275,186 | $5,018,356 | -$2,743,170 |
| December 31, 2023 | 990 | $330,058 | $484,603 | -$154,545 | $2,369,546 | $4,995,870 | -$2,626,324 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $37,768
- of which government grants
- $37,768
- Program service revenue
- $299,825
- Investment income
- $3,952
- Other revenue
- $9,130
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $196
- Accounting fees
- $13,448
- Occupancy
- $260,741
- Depreciation
- $78,938
- Program services (functional)
- $454,073
- Management and general (functional)
- $13,448
Balance sheet and other
- Total assets, start of year
- $2,369,546
- Total assets, end of year
- $2,275,186
- Total liabilities, end of year
- $5,018,356
- Net assets, end of year
- -$2,743,170
- Land, buildings and equipment
- $1,071,366
- Net assets without donor restrictions
- -$2,743,170
- Gross receipts
- $350,675
- Employees
- 0
- Volunteers
- 7
- Year formed
- 1991
- 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 |
|---|---|---|---|
| SABRINA CASTRO | PRESIDENT Trustee or director, Officer | 1 | $0 |
| MARTHA CHAVEZ | DIRECTOR Trustee or director | 1 | $0 |
| JANETTE HERNANDEZ | DIRECTOR Trustee or director | 1 | $0 |
| NANCY FRAGOZO | DIRECTOR Trustee or director | 1 | $0 |
| MARIA MARTINEZ | DIRECTOR Trustee or director | 1 | $0 |
| KITZIA OROZCO | DIRECTOR Trustee or director | 1 | $0 |
| GUADALUPE PRESA | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GUADALUPE PRESA | DIRECTOR Trustee or director | 1 | $0 |
| JANETTE HERNANDEZ | DIRECTOR Trustee or director | 1 | $0 |
| KITZIA OROZCO | DIRECTOR Trustee or director | 1 | $0 |
| MARTHA CHAVEZ | DIRECTOR Trustee or director | 1 | $0 |
| NANCY FRAGOZO | DIRECTOR Trustee or director | 1 | $0 |
| SABRINA CASTRO | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1600 BROADWAY STE 2000, DENVER, CO 80202-4929
- In care of
- % STEVE SPEARS
- Principal officer (990 for 2024)
- SABRINA CASTRO, 1600 BROADWAY SUITE 2000, DENVER, CO 802025704
- Signed the 990
- SABRINA CASTRO, PRESIDENT
- Phone
- (303) 830-3300
- Website
- WWW.MERCYHOUSING.ORG
- Return prepared by
- COHNREZNICK ADVISORY LLC
Mission
THE ASSOCIATION'S EXEMPT FUNCTION / PURPOSE IS TO PROVIDE AFFORDABLE HOUSING AS A LIMITED EQUITY HOUSING COOPERATIVE TO LOW- OR VERY LOW-INCOME FAMILIES.
Program accomplishments
- THE ASSOCIATION'S EXEMPT FUNCTION AND PURPOSE IS TO PROVIDE AFFORDABLE HOUSING AS A LIMITED EQUITY HOUSING COOPERATIVE TO LOW- OR VERY LOW-INCOME FAMILIES AS DEFINED BY CALIFORNIA DEPARTMENT OF HOUSING.Expenses $454,073 · revenue $308,955
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
- 77-0284592
- 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
- 1992
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L40Z)
- Assets (IRS master file)
- $2,275,186
- Income (IRS master file)
- $350,675
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $350,675 | $467,521 | $2,275,186 | XML |
| 990 | December 2023 | $330,058 | $484,603 | $2,369,546 | XML |
| 990 | December 2022 | $304,714 | $457,597 | $2,506,565 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 77-0284592).
Questions about LAGOON BEACH RESIDENTS ASSOCIATION INC
- What is the EIN of LAGOON BEACH RESIDENTS ASSOCIATION INC?
- The employer identification number (EIN) of LAGOON BEACH RESIDENTS ASSOCIATION INC is 77-0284592.
- Is LAGOON BEACH RESIDENTS ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to LAGOON BEACH RESIDENTS ASSOCIATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LAGOON BEACH RESIDENTS ASSOCIATION INC 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 LAGOON BEACH RESIDENTS ASSOCIATION 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 LAGOON BEACH RESIDENTS ASSOCIATION 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 LAGOON BEACH RESIDENTS ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 names SABRINA CASTRO.
- Who are the officers and directors of LAGOON BEACH RESIDENTS ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does LAGOON BEACH RESIDENTS ASSOCIATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $350,675, expenses of $467,521 and total assets of $2,275,186 at year end.
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