Civic Intelligence

Las Torres Inc C/O Falkenberg/Gilliam & Associates Inc

990 • Fiscal year 2022 • EIN 95-3251812

Jul 01, 2021 to Jun 30, 2022 • Filed on Jul 28, 2023

Organization ProfileN/A
PO Bin 7070Pasadena, CA 91109-7070

(323) 258-3512

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.54x

Higher debt load relative to assets than 82% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

90th percentile

1.91x

Higher debt load relative to revenue than 90% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

77th percentile

26%

Higher net margin than 77% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

66th percentile

7.8%

Faster asset growth than 66% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

36th percentile

-2.8%

Faster revenue growth than 36% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Up

$7,067,850

Up $511,516 (+7.8%) from 2021

Net Assets

Up

$3,273,326

Up $524,842 (+19%) from 2021

Liabilities

Down

$3,794,524

Down $13,326 (-0.3%) from 2021

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin77th percentile

Revenue

Down

$1,989,480

Down $57,548 (-2.8%) from 2021

Expenses

Up

$1,464,638

Up $309,889 (+27%) from 2021

Net Income

Down

$524,842

Down $367,437 (-41%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth66th percentile

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

$10M$5.0M$0Assets 2011: $5,185,073Liabilities 2011: $4,602,502Net Assets 2011: $582,5712011Assets 2012: $5,237,828Liabilities 2012: $4,546,485Net Assets 2012: $691,3432012Assets 2013: $5,306,021Liabilities 2013: $4,499,443Net Assets 2013: $806,5782013Assets 2014: $5,244,815Liabilities 2014: $4,447,707Net Assets 2014: $797,1082014Assets 2015: $5,237,681Liabilities 2015: $4,410,352Net Assets 2015: $827,3292015Assets 2016: $5,261,352Liabilities 2016: $4,339,049Net Assets 2016: $922,3032016Assets 2017: $5,201,215Liabilities 2017: $4,148,117Net Assets 2017: $1,053,0982017Assets 2018: $5,246,109Liabilities 2018: $4,049,592Net Assets 2018: $1,196,5172018Assets 2019: $5,461,219Liabilities 2019: $3,939,769Net Assets 2019: $1,521,4502019Assets 2020: $5,719,817Liabilities 2020: $3,863,612Net Assets 2020: $1,856,2052020Assets 2021: $6,556,334Liabilities 2021: $3,807,850Net Assets 2021: $2,748,4842021Assets 2022: $7,067,850Liabilities 2022: $3,794,524Net Assets 2022: $3,273,3262022Assets 2023: $7,717,622Liabilities 2023: $3,594,221Net Assets 2023: $4,123,4012023Assets 2024: $8,827,468Liabilities 2024: $3,469,913Net Assets 2024: $5,357,5552024

Highlighted filing

2022

Assets$7,067,850
Liabilities$3,794,524
Net Assets$3,273,326
Open 2022 Filing

Operations Trend

Revenue Growth36th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,128,003Expenses 2011: $1,024,868Net Income 2011: $103,1352011Expenses 2012: $1,032,7192012Expenses 2013: $1,043,6842013Revenue 2014: $1,178,384Expenses 2014: $1,187,854Net Income 2014: -$9,4702014Revenue 2015: $1,199,323Expenses 2015: $1,169,102Net Income 2015: $30,2212015Revenue 2016: $1,225,967Expenses 2016: $1,130,993Net Income 2016: $94,9742016Revenue 2017: $1,255,317Expenses 2017: $1,124,522Net Income 2017: $130,7952017Revenue 2018: $1,288,069Expenses 2018: $1,144,650Net Income 2018: $143,4192018Revenue 2019: $1,362,631Expenses 2019: $1,037,698Net Income 2019: $324,9332019Revenue 2020: $1,379,541Expenses 2020: $1,044,786Net Income 2020: $334,7552020Revenue 2021: $2,047,028Expenses 2021: $1,154,749Net Income 2021: $892,2792021Revenue 2022: $1,989,480Expenses 2022: $1,464,638Net Income 2022: $524,8422022Revenue 2023: $2,128,924Expenses 2023: $1,278,849Net Income 2023: $850,0752023Revenue 2024: $2,477,761Expenses 2024: $1,243,607Net Income 2024: $1,234,1542024

Highlighted filing

2022

Revenue$1,989,480
Expenses$1,464,638
Net Income$524,842
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Jul 28, 2023
Return Version
2021v4.2
Gross Receipts
$1,989,480
Mission and Program Overview

Mission

To provide low income housing to elderly and handicapped persons.

To provide housing to low income elderly persons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$3,330,000$3,355,000▲ $25,000
Savings and Temporary Cash Investments$1,274,933$1,711,615▲ $436,682
Land, Buildings, and Equipment, Net$666,758$637,444▼ $29,314
Prepaid Expenses and Deferred Charges$58,039$72,157▲ $14,118
Accounts Receivable$5,047$279▼ $4,768
Total Assets$6,556,334$7,067,850▲ $511,516
Other Assets Total$1,221,557$1,291,355▲ $69,798
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,690,378$3,594,929▼ $95,449
Accounts Payable and Accrued Expenses$85,412$167,240▲ $81,828
Other Liabilities$32,060$32,355▲ $295
Total Liabilities$3,807,850$3,794,524▼ $13,326
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,748,484$3,273,326▲ $524,842
Total Net Assets Fund Balance$2,748,484$3,273,326▲ $524,842
Total Liabilities and Net Assets / Fund Balance$6,556,334$7,067,850▲ $511,516

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$363,911$4,740,504$5,104,415
Land$263,437-$263,437
Equipment$10,096$161,196$171,292
Investment Program Related Org$3,355,000--
Other Assets Org$1,243,354--
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
Michael MaloneyPresident
Elizabeth FanDirector
Ilegra EvansDirector
William CreedonDirector
Richard AgostinelliCFO
Joseph SandersSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Falkenberggilliam & AssociatesManagmentPO BOX 7070, Pasadena, CA 91109$103,254
Revenue and Support

Revenue Composition

Contributions and Grants
$1,585,518
Program Service Revenue
$396,356
Investment Income
$7,606
Other Revenue
$0
Change in Net Assets
$524,842

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,989,480
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,989,480
Total Revenue per Form 990
$1,989,480
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,220,301
Salaries, Compensation, and Employee Benefits$244,337
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$103,031$99,704-$202,735
Interest$159,470--$159,470
All Other Expenses$80,866$63,641-$144,507
Fees for Services Management-$103,254-$103,254
Other Expenses$77,706--$77,706
Insurance$56,395--$56,395
Fees for Services Accounting-$31,959-$31,959
Depreciation Depletion$29,314--$29,314
Pension Plan Contributions$9,100$8,806-$17,906
Payroll Taxes$8,002$7,743-$15,745
Other Employee Benefits$4,041$3,910-$7,951
Fees for Services Legal-$3,113-$3,113
Total Functional Expenses$1,142,508$322,130$0$1,464,638

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,464,638
Total Expenses per Audited Statements$1,464,638
Total Expenses per Form 990$1,464,638
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$32,355
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Retained falkenberg/gilliam & associates, inc. As approved management company for day-to-day management and operations. The company operates residential property for low income families and is subject to rules and regulations of the u.s. Department of housing and urban development (hud). Falkenberg/gilliam & associates specialized in managing hud assisted projects to insure compliance with hud's rules and regulations.”

Form 990, Part VI, Section B, Line 11B

“The company is audited. During the audit the auditor works with the management company and a board officer to obtain the necessary information to prepare the form 990. The form 990 is reviewed by falkenberg/gilliam finance department then is forwarded to the board officer for review and signature.”

Form 990, Part VI, Section C, Line 19

“In addition to the form 990 being available upon request, it is available through guidestar.org.”

Filing and Contact Details

Filer

Filer Name
Las Torres Inc
EIN
95-3251812
Phone
3232583512
Address
PO BIN 7070, PASADENA, CA 91109-7070

Signing Officer

Name
Michael Maloney
Title
President
Phone
3232583512
Signed
2023-07-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Maloney
Formed
1981
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
5
Volunteers
0

Preparer

Firm
Kkaj Llp
Address
27200 TOURNEY ROAD STE 475, VALENCIA, CA 91355
Preparer
Thomas Engman CPA
Phone
6617054222
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Management estimates that no tax positions taken by the company would be adjusted by taxing authorities under examination. The company's tax returns are still subject to examination by various tax authorities for tax years ending on or after june 30, 2018.”

Raw XML AppendixShowing 400 of 419 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/PYTotalRevenueAmt02047028
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0524842
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt0396356
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01274933
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01711615
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01585518
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01532414
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0930931
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0907361
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0882278
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05838502
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt07606
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt061692
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt068382
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt079815
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt031426
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0248921
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01985210
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.95910
IRS990ScheduleA/PublicSupportPY170Pct00.95190
IRS990ScheduleA/PublicSupportTotal170Amt05838502
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01585518
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01532414
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0930931
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0907361
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0882278
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05838502
IRS990ScheduleA/TotalSupportAmt06087423
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0363911
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04740504
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05104415
IRS990ScheduleD/EquipmentGrp/BookValueAmt010096
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0161196
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0171292
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01464638
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt03355000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0CERTIFICATES OF DEPOSIT AND INVESTMENTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0F
IRS990ScheduleD/LandGrp/BookValueAmt0263437
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0263437
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt032355
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt115646
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt21243354
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2REPLACEMENT RESERVE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt032355
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01989480
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT ESTIMATES THAT NO TAX POSITIONS TAKEN BY THE COMPANY WOULD BE ADJUSTED BY TAXING AUTHORITIES UNDER EXAMINATION. THE COMPANY'S TAX RETURNS ARE STILL SUBJECT TO EXAMINATION BY VARIOUS TAX AUTHORITIES FOR TAX YEARS ENDING ON OR AFTER JUNE 30, 2018.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0637444
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01291355
IRS990ScheduleD/TotalBookValueProgramRltdAmt03355000
IRS990ScheduleD/TotalExpensesPerForm990Amt01464638
IRS990ScheduleD/TotalLiabilityAmt032355
IRS990ScheduleD/TotalRevenuePerForm990Amt01989480
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01989480
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01464638
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RETAINED FALKENBERG/GILLIAM & ASSOCIATES, INC. AS APPROVED MANAGEMENT COMPANY FOR DAY-TO-DAY MANAGEMENT AND OPERATIONS. THE COMPANY OPERATES RESIDENTIAL PROPERTY FOR LOW INCOME FAMILIES AND IS SUBJECT TO RULES AND REGULATIONS OF THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD). FALKENBERG/GILLIAM & ASSOCIATES SPECIALIZED IN MANAGING HUD ASSISTED PROJECTS TO INSURE COMPLIANCE WITH HUD'S RULES AND REGULATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE COMPANY IS AUDITED. DURING THE AUDIT THE AUDITOR WORKS WITH THE MANAGEMENT COMPANY AND A BOARD OFFICER TO OBTAIN THE NECESSARY INFORMATION TO PREPARE THE FORM 990. THE FORM 990 IS REVIEWED BY FALKENBERG/GILLIAM FINANCE DEPARTMENT THEN IS FORWARDED TO THE BOARD OFFICER FOR REVIEW AND SIGNATURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IN ADDITION TO THE FORM 990 BEING AVAILABLE UPON REQUEST, IT IS AVAILABLE THROUGH GUIDESTAR.ORG.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt06556334
IRS990/TotalAssetsEOYAmt07067850
IRS990/TotalAssetsGrp/BOYAmt06556334
IRS990/TotalAssetsGrp/EOYAmt07067850
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01585518
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0322130
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01142508
IRS990/TotalFunctionalExpensesGrp/TotalAmt01464638
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03807850
IRS990/TotalLiabilitiesEOYAmt03794524
IRS990/TotalLiabilitiesGrp/BOYAmt03807850
IRS990/TotalLiabilitiesGrp/EOYAmt03794524
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02748484
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03273326
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01142508
IRS990/TotalProgramServiceRevenueAmt0396356
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt07606
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0396356
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01989480
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06556334
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07067850
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BIN 7070
IRS990/USAddress/CityNm0PASADENA
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd0911097070
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL MALONEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03232583512
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-07-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAS TORRES INC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O FALKENBERG/GILLIAM & ASSOCIATES INC
ReturnHeader/Filer/BusinessNameControlTxt0LAST
ReturnHeader/Filer/EIN0953251812
ReturnHeader/Filer/PhoneNum03232583512
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BIN 7070

Document Assets

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Filings

Displayed year

2022 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$7,067,850
Liabilities
$3,794,524
Net assets
$3,273,326
Revenue
$1,989,480
Expenses
$1,464,638
Net income
$524,842
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.83$3.47$5.36$2.48$1.24$1.23
2023Detailed filing. Detailed filing data is available for this year.$7.72$3.59$4.12$2.13$1.28$0.85
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.07$3.79$3.27$1.99$1.46$0.52
2021Detailed filing. Detailed filing data is available for this year.$6.56$3.81$2.75$2.05$1.15$0.89
2020Detailed filing. Detailed filing data is available for this year.$5.72$3.86$1.86$1.38$1.04$0.33
2019Detailed filing. Detailed filing data is available for this year.$5.46$3.94$1.52$1.36$1.04$0.32
2018Detailed filing. Detailed filing data is available for this year.$5.25$4.05$1.20$1.29$1.14$0.14
2017Detailed filing. Detailed filing data is available for this year.$5.20$4.15$1.05$1.26$1.12$0.13
2016Detailed filing. Detailed filing data is available for this year.$5.26$4.34$0.92$1.23$1.13$0.09
2015Detailed filing. Detailed filing data is available for this year.$5.24$4.41$0.83$1.20$1.17$0.03
2014Detailed filing. Detailed filing data is available for this year.$5.24$4.45$0.80$1.18$1.19$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.31$4.50$0.81$1.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.24$4.55$0.69$1.03
2011Summary only. Only limited summary data is available for this year.$5.19$4.60$0.58$1.13$1.02$0.10