TELACU HOUSING-RIALTO III INC

EIN: 273924066 501(c)(3) Housing & Shelter

LOS ANGELES, CA

Total Revenue
$878,700
Total Expenses
$1,197,014
Total Assets
$11,260,416
Net Assets
$-3,835,732
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
CA
Principal Officer
MICHAEL LIZARRAGA
Phone
3237211655
Tax Period
2024-01-01 to 2024-12-31

TELACU HOUSING-RIALTO III INC, founded in 2010, is a small nonprofit in the Housing & Shelter sector that reported $879K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $1.2M exceeded revenue, resulting in a 36% operating deficit.

Mission

TELACU HOUSING-RIALTO III, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF CALIFORNIA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF CONSTRUCTING, OWNING, AND OPERATING A 75 UNIT APARTMENT COMMUNITY IN RIALTO, CALIFORNIA, KNOWN AS TELACU RIO ALTO APARTMENTS, PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT OF 1959, AS AMENDED.

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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 $561,875
Program Service Revenue $309,634
Investment Income $1,015
Other Revenue $6,176
TOTAL REVENUE $878,700

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,038,437
Other Expenses $1,197,014
TOTAL EXPENSES $1,197,014

Year-over-Year Comparison

2024 2023 Change
Revenue $878,700 $737,052 +0.2%
Expenses $1,197,014 $1,107,027 +0.1%
Net Income $-318,314 $-369,975 -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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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
1
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
3
$3,652,205
Total Directors
6
$3,713,845
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL D LIZARRAGA PRESIDENT 0.10
Officer Director
$0 $41,085 $2,334,042
TOM PROVENCIO VICE PRESIDENT & TREASURER 0.10
Officer Director
$0 $18,761 $286,230
PAUL SAMUEL SECRETARY 0.10
Officer Director
$0 $39,722 $1,031,933
JOSE ELIZONDO DIRECTOR 0.10
Director
$0 $0 $25,640
ALEX SOTOMAYOR DIRECTOR 0.10
Director
$0 $0 $0
JAMES HODGES DIRECTOR 0.10
Director
$0 $0 $36,000
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 $878,700 $1,197,014 $11,260,416 $-318,314
2023 $737,052 $1,107,027 $11,609,062 $-369,975
2022 $734,053 $1,098,823 $11,972,458 $-364,770
2021 $664,531 $999,176 $12,264,902 $-334,645
2020 $638,259 $954,668 $12,629,848 $-316,409
2019 $598,700 $919,239 $12,988,386 $-320,539
2018 $513,488 $916,869 $13,339,869 $-403,381
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