LF Bella Vista Apartments Inc

Address
504 W 29th St
Tucson, AZ 85713
Contact
Website: http://www.lafrontera.org
Phone: +1 (520) 884-9920
Nonprofit
NTEE: L20 - Housing Development, Construction, Management
EIN: 27-3373292
 
 201720162015
Basic features of the organization
Year of formation2010
Subsection code03
PF filing required0  
Metropolitan statistical area8520
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Sum of reportable (W2/1099) compensation$0.00$0.00$0.00
Number of employees000
Number of people compensated >$100k000
Number of volunteers000
Number of highly compensated contractors000
Personnel
Bloom, Lois
Title  Chair
Name of key/compensated person  Lois Bloom
Position of compensated person
Current individual trustee or director  True
Current officer  True
Average hours per week working for org  0.30
Reportable compensation from org  $0.00
Other comp, non-reportable, from org and related orgs  $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00
Lopez, Linda
TitleVice ChairVice Chair 
Name of key/compensated personLinda LopezLinda Lopez 
Position of compensated person
Current individual trustee or directorTrueTrue 
Current officerTrueTrue 
Average hours per week working for org0.300.30 
Reportable compensation from org$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00 
McIntosh, Candace
Title  Vice Chair
Name of key/compensated person  Candace McIntosh
Position of compensated person
Current individual trustee or director  True
Current officer  True
Average hours per week working for org  0.30
Reportable compensation from org  $0.00
Other comp, non-reportable, from org and related orgs  $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00
O'Hagin, Patrick
TitleSecretary/TreasurerSecretary/TreasurerSecretary/Treasurer
Name of key/compensated personPatrick O'HaginPatrick O'HaginPatrick O'Hagin
Position of compensated person
Current individual trustee or directorTrueTrueTrue
Current officerTrueTrueTrue
Average hours per week working for org0.300.300.30
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Prudence, Michael
TitleCFOCFOCFO
Name of key/compensated personMichael PrudenceMichael PrudenceMichael Prudence
Position of compensated person
Current officerTrueTrueTrue
Average hours per week working for org1.001.000.30
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$4,240.00$7,457.00$5,492.00
Corresponding comp from related orgs
Reportable compensation from related orgs $179,321.00$169,820.00$134,623.00
Ranieri, Daniel
TitlePresident/CEOPresident/CEOPresident/CEO
Name of key/compensated personDaniel RanieriDaniel RanieriDaniel Ranieri
Position of compensated person
Current officerTrueTrueTrue
Average hours per week working for org1.001.000.30
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$7,481.00$8,089.00$6,468.00
Corresponding comp from related orgs
Reportable compensation from related orgs $396,326.00$395,426.00$396,970.00
Sayre, Paul
TitleChair  
Name of key/compensated personPaul Sayre  
Position of compensated person
Current individual trustee or directorTrue  
Current officerTrue  
Average hours per week working for org0.30  
Reportable compensation from org$0.00  
Other comp, non-reportable, from org and related orgs$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Valenzuela, Frank
Title Chair 
Name of key/compensated person Frank Valenzuela 
Position of compensated person
Current individual trustee or director True 
Current officer True 
Average hours per week working for org 0.30 
Reportable compensation from org $0.00 
Other comp, non-reportable, from org and related orgs $0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00 
Wells, Kathy
TitleVice Pres/COOVice Pres/COOVice Pres/COO
Name of key/compensated personKathy WellsKathy WellsKathy Wells
Position of compensated person
Current officerTrueTrueTrue
Average hours per week working for org2.002.000.30
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$733.00$796.00$1,397.00
Corresponding comp from related orgs
Reportable compensation from related orgs $193,874.00$197,720.00$187,119.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesOperation of a 14 unit apartment complex for very low income persons with disabilities.Operation of a 14 unit apartment complex for very low income elderly persons or very low income persons with disabilities.Operation of a 14 unit apartment complex for very low income elderly persons or very low income persons with disabilities.
Program service expenses, total$116,748.00$109,799.00$133,232.00
Programs, including revenue & expenses
LF Bella Vista Apartments, Inc. (the Organization") is an Arizona nonprofit corporation incorporated on August 23, 2010, and a wholly controlled entity of La Frontera Partners, Inc., an Arizona nonprofit corporation. The Organization's principal activities are to construct a 14 unit apartment complex and operate a housing program in Tucson, Arizona for very low income persons with disabilities under the Section 811 Supportive Housing Program of the United States Department of Housing and Urban Development ("HUD"). The Organization has entered into a project rental assistance contract with HUD for rental assistance payments under section 811. The contract runs for three years and currently provides for a monthly contract rent amount of $648 for each unit. The contract guarantees the Organization that the United States government will pay the Organization the difference between the contract monthly rent per unit, as agreed to by the Organization and HUD, and the portion of the rent payable by each tenant as determined in accordance with the HUD established schedules and criteria. The Organization completed construction on the apartment complex in September 2013, with rental activities commencing in October 2013.
Program expenses$116,748.00$109,799.00$133,232.00
Program revenue$107,671.00$108,826.00$98,448.00
Program descriptionLF Bella Vista Apartments, Inc. (the Organization") is an Arizona nonprofit corporation incorporated on August 23, 2010, and a wholly controlled entity of La Frontera Partners, Inc., an Arizona nonprofit corporation. The Organization's principal activities are to construct a 14 unit apartment complex and operate a housing program in Tucson, Arizona for very low income persons with disabilities under the Section 811 Supportive Housing Program of the United States Department of Housing and Urban Development ("HUD"). The Organization has entered into a project rental assistance contract with HUD for rental assistance payments under section 811. The contract runs for three years and currently provides for a monthly contract rent amount of $648 for each unit. The contract guarantees the Organization that the United States government will pay the Organization the difference between the contract monthly rent per unit, as agreed to by the Organization and HUD, and the portion of the rent payable by each tenant as determined in accordance with the HUD established schedules and criteria. The Organization completed construction on the apartment complex in September 2013, with rental activities commencing in October 2013.LF Bella Vista Apartments, Inc. (the Organization") is an Arizona nonprofit corporation incorporated on August 23, 2010, and a wholly controlled entity of La Frontera Partners, Inc., an Arizona nonprofit corporation. The Organization's principal activities are to construct a 14 unit apartment complex and operate a housing program in Tucson, Arizona for very low income elderly persons or very low income persons with disabilities under the Section 811 Supportive Housing Program of the United States Department of Housing and Urban Development ("HUD"). The Organization has entered into a project rental assistance contract with HUD for rental assistance payments under section 811. The contract runs for three years and currently provides for a monthly contract rent amount of $648 for each unit. The contract guarantees the Organization that the United States government will pay the Organization the difference between the contract monthly rent per unit, as agreed to by the Organization and HUD, and the portion of the rent payable by each tenant as determined in accordance with the HUD established schedules and criteria. The Organization completed construction on the apartment complex in September 2013, with rental activities commencing in October 2013.LF Bella Vista Apartments, Inc. (the Organization") is an Arizona nonprofit corporation incorporated on August 23, 2010, and a wholly controlled entity of La Frontera Partners, Inc., an Arizona nonprofit corporation. The Organization's principal activities are to construct a 14 unit apartment complex and operate a housing program in Tucson, Arizona for very low income elderly persons or very low income persons with disabilities under the Section 811 Supportive Housing Program of the United States Department of Housing and Urban Development ("HUD"). The Organization has entered into a project rental assistance contract with HUD for rental assistance payments under section 811. The contract runs for three years and currently provides for a monthly contract rent amount of $648 for each unit. The contract guarantees the Organization that the United States government will pay the Organization the difference between the contract monthly rent per unit, as agreed to by the Organization and HUD, and the portion of the rent payable by each tenant as determined in accordance with the HUD established schedules and criteria. The Organization completed construction on the apartment complex in September 2013, with rental activities commencing in October 2013.
Financial data
Revenue
Total revenue$107,687.00$108,840.00$98,454.00
Revenue from contributions (total)  $0.00
Investment income, current yr$16.00$14.00$6.00
Total revenue from grants, etc., current yr$0.00$0.00$0.00
Total unrelated business revenue$0.00$0.00$0.00
Other revenue, current yr$361.00$696.00$0.00
Net unrelated business taxable revenue$0.00$0.00$0.00
Program service revenue (total)$107,310.00$108,130.00$98,448.00
Gross receipts$107,687.00$108,840.00$98,454.00
Other types of revenue
Miscellaneous revenue (total)$361.00$696.00 
Income from dividends, interest, and similar investments$16.00$14.00$6.00
Net rental income  $0.00
Expense categories (totals)
Total functional expenses: sum of all$152,830.00$154,031.00$153,434.00
Total functional expenses: program service $116,748.00$109,799.00$133,232.00
Total functional expenses: management and general$36,082.00$44,232.00$20,202.00
Total functional expenses: fundraising$0.00$0.00$0.00
Fees for services
Legal fees (total)$15.00$2,494.00$3,675.00
Fundraising service fees (total)$0.00$0.00$0.00
Assets and liabilities
Total assets$1,979,324.00$2,024,607.00$2,058,670.00
Total assets, beginning of year$2,024,607.00$2,058,670.00$2,237,914.00
Total liabilities$2,184,078.00$2,184,218.00$2,173,090.00
Total liabilities, beginning of year$2,184,218.00$2,173,090.00$2,297,354.00
Unrestricted net assets, end of yr-$204,754.00-$159,611.00-$114,420.00
Net assets-$204,754.00-$159,611.00-$114,420.00
Net assets, beginning of year-$159,611.00-$114,420.00-$59,440.00
Other liabilities$1,940.00$1,991.00$1,903.00
Other assets$70,535.00$66,153.00$61,635.00
Cash: non-interest bearing$17,670.00$15,191.00$500.00
Cash: non-interest bearing, beginning of year$15,191.00$500.00$500.00
Other financial variables
Revenue less expenses-$45,143.00-$45,191.00-$54,980.00
Advertising (total)$79.00  
Accounts receivable, net$396.00$8.00 
Prepaid expenses & deferred charges$2,540.00$1,648.00$1,503.00
Accounts payable & accrued expenses$59,193.00$60,085.00$49,097.00
Deferred revenue$855.00$52.00 
Secured mortgages and notes payable$2,122,090.00$2,122,090.00$2,122,090.00
Total net assets or fund balances-$204,754.00-$159,611.00-$114,420.00
Depreciation, depletion, amortization$53,424.00$53,425.00$53,185.00
Governance and accountability
Number of voting members333
Number of independent voting members333
Financial sheets auditedTrueTrueTrue
Audited on both consolidated and separate basisTrue  
Accrual accountingTrueTrueTrue
Tax year start date2016-07-012015-07-012014-07-01
Tax year end date2017-06-012016-06-012015-06-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990
Date e-filing submitted2018-06-112017-08-142016-07-21
IRS schema version2016v3.02015v3.02014v6.0
Filing identifier201821349349302087201730759349300828201640569349300909
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