TELACU COMMUNITY CAPITAL

Address
5400 EAST OLYMPIC BOULEVARD NO 300
LOS ANGELES, CA 900225187
Contact
Phone: +1 (323) 721-1655
Nonprofit
NTEE: S31 - Urban, Community Economic Development
EIN: 95-4738172

Mission

COMMUNITY BASED LENDING PROGRAM IN ECONOMIC DEVELOPMENT AREAS.
 20162015201420122011
Basic features of the organization
Year of formation1999
Subsection code03
PF filing required0    
Metropolitan statistical area4472
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$93,970.00$100,000.00$90,000.00  
Sum of reportable (W2/1099) compensation$0.00$85,455.00$90,000.00  
Number of employees143  
Number of people compensated >$100k000  
Number of volunteers0    
Number of highly compensated contractors000  
Personnel
Candelaria, Jay
TitleSECY/TREA/DIRSECY/TREA/DIRSECY/TREA/DIR  
Name of key/compensated personJAY CANDELARIAJAY CANDELARIAJAY CANDELARIA  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Current officerTrueTrueTrue  
Average hours per week working for org0.100.100.10  
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 $64,640.00$62,446.00$59,391.00  
Average hours per week working for related orgs0.700.700.70  
Doi, Kerry
TitleDIRECTORDirectorDirector  
Name of key/compensated personKERRY DOIKERRY DOIKERRY DOI  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org0.100.100.10  
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  
Average hours per week working for related orgs0.000.000.00  
Lizarraga, David
Title CHAIRMAN/CEOCHAIRMAN/CEO  
Name of key/compensated person DAVID LIZARRAGADAVID LIZARRAGA  
Position of compensated person
Average hours per week working for org 0.000.00  
Reportable compensation from org $0.00$0.00  
Other comp, non-reportable, from org and related orgs $185,181.00$187,980.00  
Corresponding comp from related orgs
Reportable compensation from related orgs  $480,133.00$583,003.00  
Average hours per week working for related orgs 48.0048.00  
Lizarraga, Michael
TitleCHAIRMAN/DIRECTORASST SEC/DIRECTASST SEC/DIRECT  
Name of key/compensated personMICHAEL D LIZARRAGAMICHAEL D LIZARRAGAMICHAEL D LIZARRAGA  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Current officerTrueTrueTrue  
Average hours per week working for org0.100.100.10  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$35,666.00$74,776.00$66,370.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $1,577,686.00$1,390,336.00$1,073,259.00  
Average hours per week working for related orgs48.0048.0048.00  
Paez, Abraham
TitleDIRECTORDirectorDirector  
Name of key/compensated personABRAHAM PAEZ JRABRAHAM PAEZ JRABRAHAM PAEZ JR  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org0.100.100.10  
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  
Average hours per week working for related orgs0.000.000.00  
Rodriguez, Jose
Title Executive Dir.Executive Dir.  
Name of key/compensated person JOSE RODRIGUEZJOSE RODRIGUEZ  
Position of compensated person
Current officer TrueTrue  
Average hours per week working for org 48.0048.00  
Reportable compensation from org $85,455.00$90,000.00  
Other comp, non-reportable, from org and related orgs $14,545.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00  
Average hours per week working for related orgs 0.000.00  
Sotomayor, Tristan
TitleDIRECTORDirectorDirector  
Name of key/compensated personTRISTAN SOTOMAYORTRISTAN SOTOMAYORTRISTAN SOTOMAYOR  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org0.100.100.10  
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  
Average hours per week working for related orgs0.000.000.00  
Villalobos, Jose
TitlePRESIDENT/DIRECTORPRESIDENT/DIRPRESIDENT/DIR  
Name of key/compensated personJOSE VILLALOBOSJOSE VILLALOBOSJOSE VILLALOBOS  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Current officerTrueTrueTrue  
Average hours per week working for org0.100.100.10  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$25,000.00$24,000.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $423,495.00$378,434.00$273,171.00  
Average hours per week working for related orgs47.0047.0047.00  
Purpose: mission, activities, & accomplishments
Mission or significant activitiesCOMMUNITY BASED LENDING PROGRAM IN ECONOMIC DEVELOPMENT AREAS.COMMUNITY BASED LENDING PROGRAM IN ECONOMIC DEVELOPMENT AREASCOMMUNITY BASED LENDING PROGRAM IN ECONOMIC DEVELOPMENT AREAS  
Program service expenses, total$126,236.00$249,439.00$275,881.00  
Programs, including revenue & expenses
REVOLVING LOAN FUND I - A PROGRAM FUNDED WITH A GRANT FROM THE U.S. DEPARTMENT OF COMMERCE ECONOMIC DEVELOPMENT ADMINISTRATION (EDA) FOR THE SPECIFIC PURPOSE OF PROVIDING LOANS TO SMALL BUSINESSES LOCATED IN THE GREATER EAST LOS ANGELES COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY (CEDS) AREA.
Program expenses$682.00$105,983.00$2,545.00  
Program revenue$581.00    
Program descriptionREVOLVING LOAN FUND I - A PROGRAM FUNDED WITH A GRANT FROM THE U.S. DEPARTMENT OF COMMERCE ECONOMIC DEVELOPMENT ADMINISTRATION (EDA) FOR THE SPECIFIC PURPOSE OF PROVIDING LOANS TO SMALL BUSINESSES LOCATED IN THE GREATER EAST LOS ANGELES COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY (CEDS) AREA.REVOLVING LOAN FUND II. A PROGRAM FUNDED WITH A GRANT FROM THE EDA FOR THE SPECIFIC PURPOSE OF PROVIDING LOANS TO SMALL BUSINESSES WITHIN THE CITY OF LOS ANGELES AND IN THE GREATER EAST LOS ANGELES AREA.REVOLVING LOAN FUND. PROGRAM FUNDED WITH A GRANT FROM THE U.S. DEPARTMENT OF COMMERCE ECONOMIC DEVELOPMENT ADMINISTRATION FOR THE SPECIFIC PURPOSE OF PROVIDING LOANS TO SMALL BUSINESSES LOCATED IN THE GREATER EAST LOS ANGELES COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY AREA.  
REVOLVING LOAN FUND II - A PROGRAM FUNDED WITH A GRANT FROM THE EDA FOR THE SPECIFIC PURPOSE OF PROVIDING LOANS TO SMALL BUSINESSES WITHIN THE CITY OF LOS ANGELES AND IN THE GREATER EAST LOS ANGELES CEDS AREA.
Program expenses$97,200.00    
Program revenue$132,051.00    
Program descriptionREVOLVING LOAN FUND II - A PROGRAM FUNDED WITH A GRANT FROM THE EDA FOR THE SPECIFIC PURPOSE OF PROVIDING LOANS TO SMALL BUSINESSES WITHIN THE CITY OF LOS ANGELES AND IN THE GREATER EAST LOS ANGELES CEDS AREA.    
SMALL BUSINESS LOAN FUND - PRIVATELY AND FEDERALLY FUNDED PROGRAMS THAT PROVIDE LOANS AND TECHNICAL ASSISTANCE TO SMALL BUSINESS LOCATED IN LOW TO MODERATE INCOME AREAS OF LOS ANGELES AND ORANGE COUNTRIES.
Program expenses$26,786.00$142,920.00$132,014.00  
Program revenue$66,396.00    
Program descriptionSMALL BUSINESS LOAN FUND - PRIVATELY AND FEDERALLY FUNDED PROGRAMS THAT PROVIDE LOANS AND TECHNICAL ASSISTANCE TO SMALL BUSINESS LOCATED IN LOW TO MODERATE INCOME AREAS OF LOS ANGELES AND ORANGE COUNTRIES.SMALL BUSINESS LOAN FUND. PROVIDE LOANS AND TECHNICAL ASSISTANCE TO SMALL BUSINESSES LOCATED IN LOW TO MODERATE INCOME AREAS OF LOS ANGELES AND ORANGE COUNTIES.SMALL BUSINESS LOAN FUND. PROVIDE LOANS AND TECHNICAL ASSISTANCE TO SMALL BUSINESSES LOCATED IN LOW TO MODERATE INCOME AREAS OF LOS ANGELES AND ORANGE COUNTIES.  
Financial data
Revenue
Total revenue$243,866.00$540,622.00$2,252,242.00  
Revenue from contributions (total)$44,000.00$284,873.00$1,963,749.00$187,170.00$142,134.00
Investment income, current yr$4,614.00$3,717.00$5,471.00  
Total revenue from grants, etc., current yr$44,000.00$284,873.00$1,963,749.00  
Total unrelated business revenue$0.00$0.00$0.00  
Other revenue, current yr$0.00$0.00$0.00  
Net unrelated business taxable revenue$0.00    
Program service revenue (total)$195,252.00$252,032.00$283,022.00$345,351.00$386,721.00
Gross receipts$243,866.00$540,622.00$2,252,242.00  
Sources of contributions
Revenue from gov't grants $219,873.00$1,905,249.00  
Revenue from all other contributions$44,000.00$65,000.00$58,500.00  
Other types of revenue
Royalties (total) $0.00$0.00  
Miscellaneous revenue (total) $0.00$0.00  
Net revenue from gaming (total) $0.00$0.00  
Income from dividends, interest, and similar investments$4,614.00$3,717.00$5,471.00  
Net rental income $0.00$0.00$0.00$0.00
Net income from fundraising events $0.00$0.00  
Net inventory sales (total) $0.00$0.00  
Expense categories (totals)
Total functional expenses: sum of all$228,330.00$375,030.00$418,991.00  
Total functional expenses: program service $126,236.00$249,439.00$275,881.00  
Total functional expenses: management and general$102,094.00$125,591.00$143,110.00  
Total functional expenses: fundraising$0.00$0.00$0.00  
Fees for services
Lobbying fees (total) $0.00$0.00  
Legal fees (total) $0.00$0.00  
Fundraising service fees (total)$0.00$0.00$0.00  
General management fees (total) $0.00$0.00  
Investment management fees (total) $0.00$0.00  
Assets and liabilities
Total assets$8,729,499.00$9,150,466.00$10,256,230.00$8,550,885.00$8,118,282.00
Total assets, beginning of year$9,150,466.00$10,256,230.00$9,219,743.00  
Total liabilities$671,540.00$1,108,043.00$2,379,399.00$2,576,484.00$2,235,597.00
Total liabilities, beginning of year$1,108,043.00$2,379,399.00$3,176,163.00  
Pledges & accounts receivable, net $0.00$0.00  
Loans & receivables from key persons $0.00$0.00  
Unrestricted net assets, end of yr$8,057,959.00$8,042,423.00$7,876,831.00  
Net assets$8,057,959.00$8,042,423.00$7,876,831.00  
Net assets, beginning of year$8,042,423.00$7,876,831.00$6,043,580.00  
Other liabilities$1,635.00$11,193.00$228,908.00  
Intangible assets $0.00$0.00  
Other assets$5,620,335.00$5,197,282.00$5,973,797.00  
Investments: other securities $0.00$0.00  
Investments: publicly traded securities $0.00$0.00  
Cash: non-interest bearing$614,709.00$1,110,317.00$543,308.00  
Cash: non-interest bearing, beginning of year$1,110,317.00$543,308.00$476,739.00  
Investments -- program-related $0.00$0.00  
Inventories for sale or use $0.00$0.00  
Other financial variables
Revenue less expenses$15,536.00$165,592.00$1,833,251.00  
Advertising (total)$142.00$17,609.00$2,978.00  
Savings & temp cash investment $0.00$0.00  
Accounts receivable, net$0.00$10,949.00$11,097.00  
Prepaid expenses & deferred charges$7,683.00$7,352.00$8,590.00  
Accounts payable & accrued expenses$18,443.00$30,697.00$30,874.00  
Secured mortgages and notes payable$651,462.00$1,066,153.00$2,119,617.00  
Total net assets or fund balances$8,057,959.00$8,042,423.00$7,876,831.00  
Depreciation, depletion, amortization$2,370.00$2,155.00$2,682.00  
Payment to affiliates $0.00$0.00  
Governance and accountability
Number of voting members666  
Number of independent voting members344  
Financial sheets auditedTrueTrueTrue  
Audited on both consolidated and separate basisTrueTrueTrue  
Relationships among key personnel TrueTrue  
Accrual accountingTrueTrueTrue  
Tax year start date2016-01-012015-01-012014-01-01  
Tax year end date2016-12-012015-12-012014-12-012012-12-012011-12-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990  
Date e-filing submitted2017-12-282017-03-312016-01-22  
IRS schema version2016v3.02015v2.02014v5.0  
Filing identifier201733199349312328201623199349311347201523179349309597  
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