Lasu Community Development Inc in Houston, Texas (TX)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Organizations performing similar types of work
| Lasu Community Development Inc | |
| Employer Identification Number (EIN) | 760495219 |
| Name of Organization | Lasu Community Development Inc |
| In Care of Name | Wendell Neal |
| Address | 7034 Tierwester St, Houston, TX 77021-4634 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Low income housing |
| Subsection | Charitable Organization |
| Ruling Date | 06/1996 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1 to $9,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $762 |
| Amount of Income | $210,900 |
| Form 990 Revenue Amount | $78,300 |
| National Taxonomy of Exempt Entities (NTEE) | Housing, Shelter: Housing Development, Construction, Management |
Non-representatives - add comments:
Amount of income in 2013: $210,900 (it was $196,798 in 2012)
| This organization: | $210,900 |
| Other organizations performing similar types of work: | $345,298 |
Assets in 2013: $762 (it was $762 in 2012)
| Lasu Community Development Inc: | $762 |
| Other organizations performing similar types of work: | $1,142,570 |
Expenses in 2012: $196,798
| This organization: | $196,798 |
| Other organizations performing similar types of work: | $349,008 |
Income to expenses ratio in 2012: 1.1
| This organization: | 1.1 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: 100.0%
| Lasu Community Development Inc: | 100.0% |
| Other organizations performing similar types of work: | 47.4% |
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $196,798 | $0 | $0 | |
| Contributions, gifts, grants, etc., received | $196,798 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $196,798 | $0 | $0 | $196,798 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $196,798 | $0 | $196,798 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $0 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $762 | $0 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $762 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $762 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| Statements Regarding Activities (for 2012) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $0 |
| Net value of noncharitable-use assets | $0 |
| Minimum investment return | $0 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Tarrant County Housing Partnership Inc, T C H P | 3204 Collinsworth St, Fort Worth, TX 76107-6528 | TX | 1992-04 | $6,751,072 |
| 2 | Raible Place Charitble Trust | 3600 Lawndale Ave, Fort Worth, TX 76133-3019 | TX | 1986-11 | $4,126,120 |
| 3 | South Dallas Fair Park Innercity Community Development Corporation | 4907 Spring Ave, Dallas, TX 75210-1360 | TX | 1986-12 | $2,532,601 |
| 4 | The Inclusive Communities Project | 3301 Elm St, Dallas, TX 75226-1637 | TX | 1991-10 | $2,403,963 |
| 5 | Sunlight Manor A Non-Profit Trust | 2950 S Eight St, Beaumont, TX 77701-7713 | TX | 1976-01 | $1,793,164 |
| 6 | Southfair Community Development Corporation | PO BOX 150353, Dallas, TX 75315-0353 | TX | 1993-04 | $1,236,295 |
| 7 | Rainbow House Incorporated | 8915 New World, San Antonio, TX 78239-2854 | TX | 1996-07 | $678,443 |
| 8 | Tyler Street Manor Inc | 922 W Ninth St, Dallas, TX 75208-5000 | TX | 1969-04 | $515,621 |
| 9 | San Antonio Affordable Housing Inc | 100 W Houston St Ste 1900, San Antonio, TX 78205-1433 | TX | 1996-04 | $268,546 |
| 10 | Urban Alliance Inc, Monarch Place Apartments | C/O Mcdougal Pm Lc 5001 W Loop 289, Lubbock, TX 79414 | TX | 1991-08 | $252,738 |
| 11 | Women Opting For More Affordable Housing Now Inc, Woman Inc | PO BOX 571898, Houston, TX 77257-1898 | TX | 1993-07 | $228,690 |
| 12 | Lasu Community Development Inc | 7034 Tierwester St, Houston, TX 77021-4634 | TX | 1996-06 | $210,900 |
| 13 | St James Housing Trust Inc | 420 Nunes Street, San Antonio, TX 78225-1720 | TX | 1994-11 | $199,928 |
| 14 | Upcdc Texas Inc | 7017 Chipperton Drive 102, Dallas, TX 75225-1706 | TX | 1998-05 | $72,360 |
| 15 | San Antonio Housing Opportunity Corporation | PO BOX 1300, San Antonio, TX 78295-1300 | TX | 1993-08 | $61,675 |
| 16 | Reach Unlimited Ii Inc | 12777 Jones Rd Ste 103, Houston, TX 77070-4624 | TX | 1985-10 | $49,830 |
| 17 | Supportive Housing Inc | PO BOX 4859, Dallas, TX 75208-0859 | TX | 1992-09 | $32,478 |
| 18 | Texas Federation Of Housing Counselors Inc | 5330 Griggs Rd Ste A111, Houston, TX 77021-3790 | TX | 1994-07 | $18,102 |
| 19 | Bluebonnet Resource Conservation And Development Inc | 105 C Poindexter, Cleburne, TX 76033 | TX | 1994-02 | $4,893 |
| 20 | Texas Institute For Housing Opportunities Inc | 504 River Oaks Dr, Austin, TX 78748-3896 | TX | 1998-11 | $1 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,995 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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