Civic Intelligence

La Merced Charitable Trust

990 • Fiscal year 2022 • EIN 74-1617905

Mar 01, 2021 to Feb 28, 2022 • Filed on Jan 16, 2023

Organization ProfileN/A
1910 University BoulevardBrownsville, TX 78520-4971

(956) 565-2622

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

49th percentile

0.09x

Higher debt load relative to assets than 49% of similar nonprofits.

2022 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

24th percentile

0.02x

Higher debt load relative to revenue than 24% of similar nonprofits.

2022 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2022

Net Margin

11th percentile

-23%

Higher net margin than 11% of similar nonprofits.

2022 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

56th percentile

$65,940

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2022 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2022

Asset Growth

4th percentile

-57%

Faster asset growth than 4% of similar nonprofits.

2022 filings • 501(c)4 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

95th percentile

413%

Faster revenue growth than 95% of similar nonprofits.

2022 filings • 501(c)4 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets49th percentile

Assets

Down

$813,196

Down $1,058,375 (-57%) from 2021

Net Assets

Down

$743,073

Down $1,053,709 (-59%) from 2021

Liabilities

Down

$70,123

Down $4,666 (-6.2%) from 2021

Revenue And Expenses
Liabilities / Revenue24th percentileNet Margin11th percentile

Revenue

Up

$4,498,919

Up $3,621,458 (+413%) from 2021

Expenses

Up

$5,552,628

Up $4,756,040 (+597%) from 2021

Net Income

Down

-$1,053,709

Down $1,134,582 (-1403%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2011: $613,581Liabilities 2011: $38,895Net Assets 2011: $574,6862011Assets 2012: $864,748Liabilities 2012: $21,972Net Assets 2012: $842,7762012Assets 2013: $1,013,950Liabilities 2013: $22,732Net Assets 2013: $991,2182013Assets 2014: $1,207,506Liabilities 2014: $26,378Net Assets 2014: $1,181,1282014Assets 2015: $1,442,960Liabilities 2015: $30,366Net Assets 2015: $1,412,5942015Assets 2016: $1,621,899Liabilities 2016: $119,353Net Assets 2016: $1,502,5462016Assets 2017: $1,780,979Liabilities 2017: $125,357Net Assets 2017: $1,655,6222017Assets 2018: $1,946,263Liabilities 2018: $109,679Net Assets 2018: $1,836,5842018Assets 2019: $1,882,949Liabilities 2019: $180,892Net Assets 2019: $1,702,0572019Assets 2020: $1,789,592Liabilities 2020: $73,683Net Assets 2020: $1,715,9092020Assets 2021: $1,871,571Liabilities 2021: $74,789Net Assets 2021: $1,796,7822021Assets 2022: $813,196Liabilities 2022: $70,123Net Assets 2022: $743,0732022

Highlighted filing

2022

Assets$813,196
Liabilities$70,123
Net Assets$743,073
Open 2022 Filing

Operations Trend

Revenue Growth95th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $674,744Expenses 2011: $506,311Net Income 2011: $168,4332011Revenue 2012: $707,711Expenses 2012: $439,621Net Income 2012: $268,0902012Revenue 2013: $734,718Expenses 2013: $586,075Net Income 2013: $148,6432013Revenue 2014: $754,562Expenses 2014: $564,652Net Income 2014: $189,9102014Revenue 2015: $818,021Expenses 2015: $586,555Net Income 2015: $231,4662015Revenue 2016: $769,009Expenses 2016: $679,057Net Income 2016: $89,9522016Revenue 2017: $790,092Expenses 2017: $637,014Net Income 2017: $153,0782017Revenue 2018: $810,729Expenses 2018: $629,767Net Income 2018: $180,9622018Revenue 2019: $1,439,549Expenses 2019: $1,574,076Net Income 2019: -$134,5272019Revenue 2020: $1,147,266Expenses 2020: $1,133,414Net Income 2020: $13,8522020Revenue 2021: $877,461Expenses 2021: $796,588Net Income 2021: $80,8732021Revenue 2022: $4,498,919Expenses 2022: $5,552,628Net Income 2022: -$1,053,7092022

Highlighted filing

2022

Revenue$4,498,919
Expenses$5,552,628
Net Income-$1,053,709
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Mar 1, 2021 to Feb 28, 2022
Signed
Jan 16, 2023
Return Version
2021v4.2
Gross Receipts
$5,651,992
Mission and Program Overview

Mission

Provide housing for low and moderate income families.

Provide 100 homes for low and moderate income families under section 8 of the national housing act, regulated by hud.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$488,842$667,720▲ $178,878
Land, Buildings, and Equipment, Net$1,245,309$145,476▼ $1,099,833
Prepaid Expenses and Deferred Charges$13,780$0▼ $13,780
Pledges and Grants Receivable$7,387$0▼ $7,387
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$1,871,571$813,196▼ $1,058,375
Other Assets Total$116,253$0▼ $116,253
Liabilities
Accounts Payable and Accrued Expenses$51,766$70,123▲ $18,357
Other Liabilities$23,023$0▼ $23,023
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$74,789$70,123▼ $4,666
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,796,782$743,073▼ $1,053,709
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$1,796,782$743,073▼ $1,053,709
Total Liabilities and Net Assets / Fund Balance$1,871,571$813,196▼ $1,058,375

Asset Categories

AssetBook ValueDepreciationBasis
Land$145,476--
Compensation and Service Providers
Top Officer Pay56th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Raquel TurrubiatesInterim CoordinatorPT$8,750$57,190$65,940

Board Members and Trustees

NameTitle
Jose L GonzalezChairman
Linda V AlanizVice-chairperson
Bishop Mario AvilesTrustee
Rev Eduardo OrtegaTrustee
Ricardo GarciaTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$459,655
Investment Income
$4,034,454
Other Revenue
$4,810
Change in Net Assets
$-1,053,709

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,476,830
Revenue Not Reported on Financial Statements
$22,089
Other Revenue Adjustments
$22,089
Total Revenue per Audited Statements
$4,476,830
Total Revenue per Form 990
$4,498,919
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$4,926,142
Other Expenses$492,600
Salaries, Compensation, and Employee Benefits$133,886
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$4,926,142--$4,926,142
All Other Expenses$25,756$268,246-$294,002
Other Salaries and Wages$94,099$6,447$0$100,546
Insurance$47,964$484$0$48,448
Fees for Services Accounting$24,088$7,492$0$31,580
Occupancy$304$21,785$0$22,089
Depreciation Depletion$21,804$220$0$22,024
Fees for Services Legal$16,796$5,224$0$22,020
Other Employee Benefits$15,158$1,038$0$16,196
Other Expenses$8,898$0$0$8,898
Current Officers, Directors, Trustees, and Key Employees$8,188$562$0$8,750
Payroll Taxes$7,856$538$0$8,394
Office Expenses$52$3,938$0$3,990
Total Functional Expenses$5,234,027$318,601$0$5,552,628

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$5,552,628
Expenses per Audited Statements$5,530,539
Total Expenses per Audited Statements$5,530,539
Expenses Not Reported on Financial Statements$22,089
Other Expense Adjustments$22,089
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Catholic Foundation of the Rio Grande ValleyBrownsville, TX501(c)(3)General Support$4,926,142
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$0
Accrued Payroll Taxes Payable$0
Prepaid Revenue$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B- Organizations Process to Review Form 990

“The form 990 is presented and reviewed with the finance director, who then delivers a recap to the board of directors or its designated representative.”

Form 990, Part VI, Line 12C - Enforcement of Conflicts Policy

“Monitor and enforce compliance with written conflict of interest policy section b. Policies - 12c written conflict of interest policy - the board committee and executive officers are required to sign conflict of interest statement which requires disclosure and notification of any potential conflicts. This is reviewed annually.”

Form 990, Part VI, Line 15A - Compensation Process for Top Official

“Annual performace reviews are conducted by the board of directors, the executive director performs annual reviews of all other staff personnel with assistance of the appropriate committee, if applicable.”

Form 990, Part VI, Line 15B- Compensation Process for Officers

“Annual performace reviews are conducted by the board of directors, the executive director performs annual reviews of all other staff personnel with assistance of the appropriate committee, if applicable.”

Form 990, Part VI, Line 19- Governing Documents Disclosure Explanation

“Governing documents are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
La Merced Charitable Trust
EIN
74-1617905
In Care Of
% JOEL RUIZ
Phone
9565652622
Address
1910 UNIVERSITY BOULEVARD, BROWNSVILLE, TX 78520-4971

Signing Officer

Name
Joel Ruiz
Title
Director of Housing
Phone
9565652622
Signed
2023-01-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joel Ruiz
Formed
1968
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
7

Preparer

Firm
Pena Briones Mcdaniel & Co Pc
Address
4171 N MESA SUITE B-100, EL PASO, TX 79902-1498
Phone
9155421733
Supplemental Narrative

Financial Statement Notes

PART XI AND XII : LINE 4B - RECONCILIATION OF REVENUE AND EXPENSES

“Revenue and expenses on form 990 are greater by $22,089 due to vacancy expense reflected against gross income on the audited financial statements but reported as an expense on the form 990.”

Raw XML AppendixShowing 400 of 544 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PROVIDE HOUSING FOR LOW AND MODERATE INCOME FAMILIES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt01796782
IRS990/NetAssetsOrFundBalancesEOYAmt0743073
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt04034427
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt04034427
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01796782
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0743073
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt021785
IRS990/OccupancyGrp/ProgramServicesAmt0304
IRS990/OccupancyGrp/TotalAmt022089
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03938
IRS990/OfficeExpensesGrp/ProgramServicesAmt052
IRS990/OfficeExpensesGrp/TotalAmt03990
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0116253
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01038
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt015158
IRS990/OtherEmployeeBenefitsGrp/TotalAmt016196
IRS990/OtherExpensesGrp/Desc0TELECOMMUNICATIONS
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2UTILITIES
IRS990/OtherExpensesGrp/Desc3BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02457
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2170
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt033
IRS990/OtherExpensesGrp/ProgramServicesAmt134408
IRS990/OtherExpensesGrp/ProgramServicesAmt22481
IRS990/OtherExpensesGrp/ProgramServicesAmt38898
IRS990/OtherExpensesGrp/TotalAmt02490
IRS990/OtherExpensesGrp/TotalAmt134408
IRS990/OtherExpensesGrp/TotalAmt22651
IRS990/OtherExpensesGrp/TotalAmt38898
IRS990/OtherLiabilitiesGrp/BOYAmt023023
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/Desc0TENANT CHARGES
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01210
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt13600
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01210
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt13600
IRS990/OtherRevenueTotalAmt04810
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt06447
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt094099
IRS990/OtherSalariesAndWagesGrp/TotalAmt0100546
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0538
IRS990/PayrollTaxesGrp/ProgramServicesAmt07856
IRS990/PayrollTaxesGrp/TotalAmt08394
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt07387
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt013780
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0JOEL RUIZ
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0TENANT ASSISTANCE PAYMENTS
IRS990/ProgramServiceRevenueGrp/Desc1RENT REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2LEASE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0339870
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1103151
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt216634
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0339870
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1103151
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt216634
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt029
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0501005
IRS990/PYOtherRevenueAmt010247
IRS990/PYProgramServiceRevenueAmt0867185
IRS990/PYRevenuesLessExpensesAmt080873
IRS990/PYSalariesCompEmpBnftPaidAmt0295583
IRS990/PYTotalExpensesAmt0796588
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0877461
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-1053709
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0459655
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt022089
IRS990ScheduleD/ExpensesSubtotalAmt05530539
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/LandGrp/BookValueAmt0145476
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0145476
IRS990ScheduleD/OtherExpensesNotIncludedAmt022089
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt10
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt20
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED PAYROLL TAXES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PREPAID REVENUE
IRS990ScheduleD/OtherRevenuesNotIncludedAmt022089
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt022089
IRS990ScheduleD/RevenueSubtotalAmt04476830
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0REVENUE AND EXPENSES ON FORM 990 ARE GREATER BY $22,089 DUE TO VACANCY EXPENSE REFLECTED AGAINST GROSS INCOME ON THE AUDITED FINANCIAL STATEMENTS BUT REPORTED AS AN EXPENSE ON THE FORM 990.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI AND XII : LINE 4B - RECONCILIATION OF REVENUE AND EXPENSES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0145476
IRS990ScheduleD/TotalExpensesPerForm990Amt05552628
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleD/TotalRevenuePerForm990Amt04498919
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04476830
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05530539
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt04926142
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CATHOLIC FOUNDATION OF THE RIO GRANDE VALLEY
IRS990ScheduleI/RecipientTable/RecipientEIN0742729872
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01910 W UNIVERSITY BLVD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0BROWNSVILLE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd078520
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0CASH
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION MONITORS THE USE OF GRANT FUNDS THROUGH A SYSTEMATIC ACCOUNTING PROGRAM THAT TRACKS GRANT MONIES AND ALLOCATES THEM TO THE RESPECTIVE DESIGNATED DIVISIONS. THE ACCOUNTS ARE RECONCILED ON A TIMELY BASIS AND REVIEWED TO ENSURE THEY ARE IN COMPLETE COMPLIANCE WITH THE GRANTING ENTITY.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I - PART II : PROCEDURES FOR MONITORING THE USE OF GRANTS
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS PRESENTED AND REVIEWED WITH THE FINANCE DIRECTOR, WHO THEN DELIVERS A RECAP TO THE BOARD OF DIRECTORS OR ITS DESIGNATED REPRESENTATIVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MONITOR AND ENFORCE COMPLIANCE WITH WRITTEN CONFLICT OF INTEREST POLICY SECTION B. POLICIES - 12C WRITTEN CONFLICT OF INTEREST POLICY - THE BOARD COMMITTEE AND EXECUTIVE OFFICERS ARE REQUIRED TO SIGN CONFLICT OF INTEREST STATEMENT WHICH REQUIRES DISCLOSURE AND NOTIFICATION OF ANY POTENTIAL CONFLICTS. THIS IS REVIEWED ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUAL PERFORMACE REVIEWS ARE CONDUCTED BY THE BOARD OF DIRECTORS, THE EXECUTIVE DIRECTOR PERFORMS ANNUAL REVIEWS OF ALL OTHER STAFF PERSONNEL WITH ASSISTANCE OF THE APPROPRIATE COMMITTEE, IF APPLICABLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANNUAL PERFORMACE REVIEWS ARE CONDUCTED BY THE BOARD OF DIRECTORS, THE EXECUTIVE DIRECTOR PERFORMS ANNUAL REVIEWS OF ALL OTHER STAFF PERSONNEL WITH ASSISTANCE OF THE APPROPRIATE COMMITTEE, IF APPLICABLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, LINE 11B- ORGANIZATIONS PROCESS TO REVIEW FORM 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, LINE 12C - ENFORCEMENT OF CONFLICTS POLICY
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, LINE 15A - COMPENSATION PROCESS FOR TOP OFFICIAL
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, LINE 15B- COMPENSATION PROCESS FOR OFFICERS

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$813,196
Liabilities
$70,123
Net assets
$743,073
Revenue
$4,498,919
Expenses
$5,552,628
Net income
-$1,053,709
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.81$0.07$0.74$4.50$5.55$1.05
2021Detailed filing. Detailed filing data is available for this year.$1.87$0.07$1.80$0.88$0.80$0.08
2020Detailed filing. Detailed filing data is available for this year.$1.79$0.07$1.72$1.15$1.13$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.88$0.18$1.70$1.44$1.57$0.13
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.95$0.11$1.84$0.81$0.63$0.18
2017Summary only. Only limited summary data is available for this year.$1.78$0.13$1.66$0.79$0.64$0.15
2016Summary only. Only limited summary data is available for this year.$1.62$0.12$1.50$0.77$0.68$0.09
2015Summary only. Only limited summary data is available for this year.$1.44$0.03$1.41$0.82$0.59$0.23
2014Summary only. Only limited summary data is available for this year.$1.21$0.03$1.18$0.75$0.56$0.19
2013Summary only. Only limited summary data is available for this year.$1.01$0.02$0.99$0.73$0.59$0.15
2012Summary only. Only limited summary data is available for this year.$0.86$0.02$0.84$0.71$0.44$0.27
2011Summary only. Only limited summary data is available for this year.$0.61$0.04$0.57$0.67$0.51$0.17