2024-10-07T18:52:41-05:00 2023-12-31 943108253 NOVOGRADAC & COMPANY LLP 3780 KILROY AIRPORT WAY SUITE 330 LONG BEACH CA 90822 990 2023-01-01 043835569 BORDER FINANCIAL RESOURCES BORD 9286278559 PO BOX 7170 SAN LUIS AZ 85349 MARCO ANTONIO REYES EXECUTIVE DIRECTOR 9286278559 2024-10-07 1 0 WILLIAM LETSINGER P00478303 5624329482 2023 2024-10-15 13:58:12Z MARCO ANTONIO REYES PO BOX 7170 SAN LUIS AZ 85349 171471 0 X WWW.COMITEAZ.COM X 2005 AZ PROVIDE LOANS TO SMALL BUSINESSES AND CONSUMERS ALONG WITH MORTGAGE LOANS TO LOW AND MODERATE INCOME FAMILIES. 5 5 0 0 0 0 217129 125000 8044 8313 30842 38158 0 0 256015 171471 0 0 0 0 156378 178762 0 0 0 72001 93786 228379 272548 27636 -101077 844130 833353 311621 401921 532509 431432 PROVIDE LOANS TO SMALL BUSINESSES AND CONSUMERS ALONG WITH MORTGAGE LOANS TO LOW AND MODERATE INCOME FAMILIES. 0 0 218039 8313 PROVIDED CONSUMER LOANS, HOME IMPROVEMENT LOANS AND FINANCING FOR START-UPS OR SMALL BUSINESSES OWNED BY LOW-TO-MODERATE INCOME FAMILIES IN YUMA COUNTY, ARIZONA. 218039 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AZ X COMITE DE BIEN ESTAR 9286278559 963 EAST B STREET SAN LUIS AZ 85349 JOSE I GONZALEZ CHAIRMAN 3.00 X X 0 0 0 HECTOR SANCHEZ VICE-CHAIRMAN 3.00 X 0 0 0 CARMEN ORTIZ TREASURER 3.00 X X 0 0 0 CLAUDIA GOMEZ SECRETARY 3.00 X 0 0 0 GEORGE GUERRERO DIRECTOR 3.00 X 0 0 0 MARCO ANTONIO REYES EXECUTIVE DIRECTOR 40.00 X 0 194647 0 0 194647 0 0 0 1 0 0 125000 125000 PROGRAM REVENUE 522291 8313 8313 8313 38158 38158 171471 46471 0 0 X 134579 107663 26916 4962 3970 992 30486 24389 6097 8735 6988 1747 1175 940 235 15400 12320 3080 31509 25207 6302 2551 2041 510 3603 2882 721 401 321 80 4961 3969 992 417 334 83 3892 3114 778 5001 4001 1000 REPAIRS AND MAINTENANCE 18258 14606 3652 LOAN FEES 2628 2102 526 BAD DEBT 2357 1886 471 TAXES AND LICENSES 1633 1306 327 272548 218039 54509 0 71921 156938 365186 255847 1760 2066 404918 418157 345 345 23119 23119 0 0 844130 833353 857 5761 80000 80000 230764 316160 311621 401921 X 342994 329939 189515 101493 532509 431432 844130 833353 -101077 0 X X 0 1 X 1 1 1 X 232683 204777 320655 217129 125000 1100244 16822 11637 14973 8044 8313 59789 249505 216414 335628 225173 133313 1160033 0 0 0 1160033 19941 19976 19729 30842 38158 128646 19941 19976 19729 30842 38158 128646 269446 236390 355357 256015 171471 1288679 0.90020 0.91330 0.09980 0.08670 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23119 23119 0 0 RELATED PARTY PAYABLE 316160 316160 171471 0 171471 0 171471 272548 0 272548 0 272548 PART X, LINE 2 THE ORGANIZATION ADOPTED GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE ORGANIZATION UTILIZES A TWO-STEP APPROACH TO RECOGNIZING AND MEASURING UNCERTAIN TAX POSITIONS. THE FIRST STEP IS TO EVALUATE THE TAX POSITION FOR RECOGNITION BY DETERMINING IF THE WEIGHT OF AVAILABLE EVIDENCE INDICATES IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED ON AUDIT, INCLUDING RESOLUTION OF RELATED APPEALS OR LITIGATION PROCESSES. THE SECOND STEP IS TO MEASURE THE TAX BENEFIT AS THE LARGEST AMOUNT, WHICH IS MORE THAN 50% LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT. AT DECEMBER 31, 2023, THERE WERE NO UNCERTAIN TAX POSITIONS. 0 0 0 0 1 0 0 0 0 MARCO ANTONIO REYES EXECUTIVE DIRECTOR 0 194647 0 0 0 0 0 0 0 0 0 194647 0 0 PART I, LINE 5 THE EXECUTIVE DIRECTOR'S COMPENSATION CONTRACT INCLUDES BONUSES BASED ON PERFORMANCE RELATED BENCHMARKS. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE DIRECTOR AND THE EXECUTIVE DIRECTOR REVIEW THE RETURN FIRST. THEN IT IS REVIEWED BY THE AUDIT COMMITTEE AND BOARD OF DIRECTORS AND SUBMITTED FOR APPROVAL AT THE NEXT MEETING. FORM 990, PART VI, SECTION B, LINE 12C WHEN A CONFLICT OF INTEREST ARISES, A MEMO OF DISCLOSURE AND RATIONALE MUST BE PROVIDED BY THE EMPLOYEE OR BOARD MEMBER. THE MEMO IS ADDRESSED TO THE EXECUTIVE COMMITTEE, WHO WILL REVIEW IT AND MAKE A RECOMMENDATION TO THE BOARD OF DIRECTORS. THE MEMO MUST CONTAIN A DESCRIPTION OF THE CIRCUMSTANCES, THE KIND OF ASSISTANCE, SOURCE OF ASSISTANCE, AND AVAILABILITY OF THE PRODUCT OR SERVICE ELSEWHERE, AND THE RATIONALE FOR PROVIDING THE ASSISTANCE, PRODUCT OR SERVICE, OR HIRING THE RELATIVE. IF THE POTENTIAL CONFLICT INVOLVES FEDERAL FUNDS, THEN THE FUNDING AGENCY IS CONTACTED TO REQUEST PERMISSION AND A CONFLICT OF INTEREST FORM IS DISCLOSED. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR'S CONTRACT IS PAID BY COMITE DE BIEN ESTAR, THE CONTROLLING RELATED ENTITY. THE CONTRACT IS REVIEWED AND APPROVED BY COMITE'S BOARD OF DIRECTORS USING THE "REBUTTABLE COMPENSATION CHECKLIST" WHICH IS SUBMITTED TO THE HUMAN RESOURCES DEPARTMENT. OTHER OFFICERS AND KEY EMPLOYEES' SALARY IS DETERMINED BY THE HUMAN RESOURCES DEPARTMENT'S SURVEY OF COMPARABLE DATA, THE EMPLOYEE'S LENGTH OF SERVICE, EMPLOYEE EVALUATION, AND EDUCATION. THEY ARE APPROVED BY THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION C, LINE 19 A WRITTEN REQUEST FOR COPIES MUST BE MADE TO THE ADMINISTRATIVE OFFICE OF COMITE DE BIEN ESTAR. THE IRS FORM 990 IS ALSO AVAILABLE TO THE PUBLIC ON GUIDESTAR. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 25,207. MANAGEMENT AND GENERAL EXPENSES 6,302. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 31,509. FORM 990, PART XII, LINE 2C: THE ORGANIZATION ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED. COMITE DE BIEN ESTAR INC 963 EAST B STREET SAN LUIS AZ 85349 860427342 COMMUNITY SERVICE PROGRAMS AZ 501(C)(3) 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 COMITE DE BIEN ESTAR O 194647 COST COMITE DE BIEN ESTAR E 316160 COST