CULINARY AND BARTENDERS HOUSING PARTNERSHIP

EIN: 263050475 Mutual Benefit

NORTH LAS VEGAS, NV

Total Revenue
$2,036,981
Total Expenses
$482,553
Total Assets
$20,625,820
Net Assets
$20,625,820
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
NV
Principal Officer
LANA LOEBIG
Phone
7029242100
Tax Period
2024-01-01 to 2024-12-31

CULINARY AND BARTENDERS HOUSING PARTNERSHIP, founded in 2008, is a community nonprofit in the Mutual Benefit sector that reported $2.0M in total revenue in fiscal year 2024. The organization ran a surplus of $1.6M, a strong 76% operating margin.

Mission

THE ORGANIZATION PROVIDES FINANCIAL EDUCATION AND ASSISTANCE FOR HOUSING FOR EMPLOYEES OF CULINARY UNION LOCAL 226, THE BARTENDERS LOCAL 165, AND NUMEROUS PROMINENT HOTELS IN THE LAS VEGAS AREA.

Program Service Accomplishments

Program 1

FIRST TIME HOME BUYER DOWN PAYMENT ASSISTANCE PROGRAM: THE CULINARY AND BARTENDERS HOUSING PARTNERSHIP PROVIDES ELIGIBLE PARTICIPANTS WITH A LOAN OF UP TO 20,000 TO USE FOR A DOWN PAYMENT FOR A HOME...

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FIRST TIME HOME BUYER DOWN PAYMENT ASSISTANCE PROGRAM: THE CULINARY AND BARTENDERS HOUSING PARTNERSHIP PROVIDES ELIGIBLE PARTICIPANTS WITH A LOAN OF UP TO 20,000 TO USE FOR A DOWN PAYMENT FOR A HOME. THE DOWN PAYMENT LOAN IS A ZERO PERCENT INTEREST LOAN, WHICH MUST BE REPAID UPON SALE, TRANSFER OR REFINANCE OF THE PROPERTY. THE PARTICIPANT MUST RESIDE IN THE HOME AS A PRIMARY RESIDENCE. A TOTAL OF 680,000 IN LOANS WERE CLOSED IN THE YEAR ENDING 12/31/24.

Program 2

HOMEBUYER EDUCATION AND COUNSELING PROGRAM: THE CULINARY AND BARTENDERS HOUSING PARTNERSHIP OFFERS HOMEBUYER EDUCATION AND COUSELING. THE OBJECTIVE OF THIS PROGRAM IS TO CREATE INFORMED, EDUCATED AND...

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HOMEBUYER EDUCATION AND COUNSELING PROGRAM: THE CULINARY AND BARTENDERS HOUSING PARTNERSHIP OFFERS HOMEBUYER EDUCATION AND COUSELING. THE OBJECTIVE OF THIS PROGRAM IS TO CREATE INFORMED, EDUCATED AND RESPONSIBLE HOMEBUYERS. APPROXIMATELY 868 PARTICIPANTS RECEIVED HOMEBUYER EDUCATION AND 190 PARTICIPANTS RECEIVED ONE-ON-ONE HOMEBUYER FINANCIAL COUNSELING.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,036,981
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,036,981

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $482,553
TOTAL EXPENSES $482,553

Year-over-Year Comparison

2024 2023 Change
Revenue $2,036,981 $1,962,508 +0.0%
Expenses $482,553 $541,409 -0.1%
Net Income $1,554,428 $1,421,099 +0.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LANA LOEBIG BOARD CHAIR 0.50
Officer Director
$0 $0 $0
TED PAPPAGEORGE TRUSTEE 0.50
Director
$0 $0 $0
BARBARA BUCKLEY TRUSTEE 0.50
Director
$0 $0 $0
ZACHARY POPPEL TRUSTEE 0.50
Director
$0 $0 $0
BETHANY KAHN TRUSTEE 0.50
Director
$0 $0 $0
STEPHANIE SEGUNDO TRUSTEE 0.50
Director
$0 $0 $0
ALESSANDRA BARRICELLA TRUSTEE 0.50
Director
$0 $0 $0
SANDRA DOMINGUEZ TRUSTEE 0.50
Director
$0 $0 $0
COURTNEY PRESCOTT TRUSTEE 0.50
Director
$0 $0 $0
ADRIANNA KASUNIC TRUSTEE 0.50
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $2,036,981 $482,553 $20,625,820 $1,554,428
2023 $1,962,508 $541,409 $19,071,392 $1,421,099
2022 $1,862,668 $440,321 $17,650,293 $1,422,347
2021 $1,622,289 $481,405 $16,227,946 $1,140,884
2020 $1,028,673 $361,314 $15,087,062 $667,359
2019 $2,071,764 $573,532 $14,419,902 $1,498,232
2018 $2,010,906 $550,193 $12,921,471 $1,460,713
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