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      <PreparerPersonNm>Irma Hernandez</PreparerPersonNm>
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      <MissionDesc>(I) MAKING DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND UNDER SECTION 11.18 OF THE TEXAS TAX CODE AND (II) ENGAGING IN CHARITABLE ACTIVITIES WITHIN THE MEANING OF SECTION 501(C)(3) THAT ARE DESIGNED TO COMBAT RURAL AND URBAN POVERTY BY AIDING CHARITABLE ORGANIZATIONS THAT PROVIDE EDUCATIONAL PROGRAMS, HYGIENE INSTRUCTION, VOCATIONAL TRAINING AND SPIRITUAL PROGRAMS AND TO PROMOTE BETTER AND HIGHER LEVELS OF EDUCATION BY FUNDING SCHOOLS FOR THE ACQUISITION OF EQUIPMENT AND THE CONSTRUCTION OF FACILITIES.</MissionDesc>
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      <Desc>ENTITY OWNS REAL ESTATE THAT HOUSES ELEMENTARY AND HIGH SCHOOLS AROUND MEXICO. THE REAL ESTATE IS OWNED BY MEXICAN ENTITIES WHICH ARE SUBSIDIARIES OF FOUR DISREGARDED COMPANIES: ATLANTIC COMMERCE COMPANY I, LLC, FOREST COMPANY, LLC, GENESIS COMPANY I, LLC, AND OPTIMUS COMPANY I, LLC. THESE DISREGARDED ENTITIES ARE REPORTED ON PART X AS PROGRAM INVESTMENTS. BY FUNDING THESE MEXICAN SUBSIDIARIES, FIDELIS EDUCATIONAL NET CARRIES ITS MISSION OF COMBATING RURAL AND URBAN POVERTY WITH EDUCATIONAL AND VOCATIONAL PROGRAMS. ORGANIZATION DID NOT HAVE PROGRAM ACTIVITIES DURING THIS YEAR.</Desc>
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        <PersonNm>JESUS VILLAGRASA</PersonNm>
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        <PersonNm>JOSE GERARDO CARDENAS</PersonNm>
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        <EOYAmt>29840</EOYAmt>
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        <EOYAmt>0</EOYAmt>
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      <ReceivablesFromOfficersEtcGrp>
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        <EOYAmt>0</EOYAmt>
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      <RcvblFromDisqualifiedPrsnGrp>
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        <EOYAmt>0</EOYAmt>
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      <OthNotesLoansReceivableNetGrp>
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        <EOYAmt>39689408</EOYAmt>
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      <InventoriesForSaleOrUseGrp>
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        <EOYAmt>0</EOYAmt>
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      <PrepaidExpensesDefrdChargesGrp>
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        <EOYAmt>0</EOYAmt>
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      <LandBldgEquipBasisNetGrp>
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      <InvestmentsPubTradedSecGrp>
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        <EOYAmt>0</EOYAmt>
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        <EOYAmt>0</EOYAmt>
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      <OtherAssetsTotalGrp>
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      <TotalAssetsGrp>
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      <AccountsPayableAccrExpnssGrp>
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      <GrantsPayableGrp>
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      <DeferredRevenueGrp>
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      <TaxExemptBondLiabilitiesGrp>
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        <EOYAmt>0</EOYAmt>
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      <EscrowAccountLiabilityGrp>
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        <EOYAmt>0</EOYAmt>
      </EscrowAccountLiabilityGrp>
      <LoansFromOfficersDirectorsGrp>
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        <EOYAmt>0</EOYAmt>
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      <MortgNotesPyblScrdInvstPropGrp>
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        <EOYAmt>0</EOYAmt>
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      <UnsecuredNotesLoansPayableGrp>
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        <EOYAmt>3361860</EOYAmt>
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      <OtherLiabilitiesGrp>
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        <EOYAmt>0</EOYAmt>
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      <TotalLiabilitiesGrp>
        <BOYAmt>3007453</BOYAmt>
        <EOYAmt>3361860</EOYAmt>
      </TotalLiabilitiesGrp>
      <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
      <CapStkTrPrinCurrentFundsGrp>
        <BOYAmt>2520571</BOYAmt>
        <EOYAmt>2520571</EOYAmt>
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      <PdInCapSrplsLandBldgEqpFundGrp>
        <BOYAmt>1499999</BOYAmt>
        <EOYAmt>1499999</EOYAmt>
      </PdInCapSrplsLandBldgEqpFundGrp>
      <RtnEarnEndowmentIncmOthFndsGrp>
        <BOYAmt>127522564</BOYAmt>
        <EOYAmt>138670487</EOYAmt>
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      <TotalNetAssetsFundBalanceGrp>
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        <EOYAmt>142691057</EOYAmt>
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      <TotLiabNetAssetsFundBalanceGrp>
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      <ReconcilationRevenueExpnssAmt>11146718</ReconcilationRevenueExpnssAmt>
      <PriorPeriodAdjustmentsAmt>1205</PriorPeriodAdjustmentsAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AccountantCompileOrReviewInd>false</AccountantCompileOrReviewInd>
      <FSAuditedInd>false</FSAuditedInd>
      <FederalGrantAuditRequiredInd>false</FederalGrantAuditRequiredInd>
    </IRS990>
    <IRS990ScheduleA documentId="IRS990ScheduleA">
      <PublicOrganization170Ind>X</PublicOrganization170Ind>
      <GiftsGrantsContriRcvd170Grp>
        <CurrentTaxYearMinus4YearsAmt>2437595</CurrentTaxYearMinus4YearsAmt>
        <CurrentTaxYearMinus3YearsAmt>8784447</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>6974877</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>7681452</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>11289507</CurrentTaxYearAmt>
        <TotalAmt>37167878</TotalAmt>
      </GiftsGrantsContriRcvd170Grp>
      <TaxRevLeviedOrgnztnlBnft170Grp>
        <TotalAmt>0</TotalAmt>
      </TaxRevLeviedOrgnztnlBnft170Grp>
      <GovtFurnSrvcFcltsVl170Grp>
        <TotalAmt>0</TotalAmt>
      </GovtFurnSrvcFcltsVl170Grp>
      <TotalCalendarYear170Grp>
        <CurrentTaxYearMinus4YearsAmt>2437595</CurrentTaxYearMinus4YearsAmt>
        <CurrentTaxYearMinus3YearsAmt>8784447</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>6974877</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>7681452</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>11289507</CurrentTaxYearAmt>
        <TotalAmt>37167878</TotalAmt>
      </TotalCalendarYear170Grp>
      <SubstantialContributorsTotAmt>0</SubstantialContributorsTotAmt>
      <PublicSupportTotal170Amt>37167878</PublicSupportTotal170Amt>
      <GrossInvestmentIncome170Grp>
        <TotalAmt>0</TotalAmt>
      </GrossInvestmentIncome170Grp>
      <UnrelatedBusinessNetIncm170Grp>
        <TotalAmt>0</TotalAmt>
      </UnrelatedBusinessNetIncm170Grp>
      <OtherIncome170Grp>
        <TotalAmt>0</TotalAmt>
      </OtherIncome170Grp>
      <TotalSupportAmt>37167878</TotalSupportAmt>
      <PublicSupportCY170Pct>1.00000</PublicSupportCY170Pct>
      <PublicSupportPY170Pct>1.00000</PublicSupportPY170Pct>
      <ThirtyThrPctSuprtTestsCY170Ind>X</ThirtyThrPctSuprtTestsCY170Ind>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="IRS990ScheduleB">
      <ContributorInformationGrp>
        <ContributorNum>RESTRICTED</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorUSAddress>
        <TotalContributionsAmt>RESTRICTED</TotalContributionsAmt>
      </ContributorInformationGrp>
    </IRS990ScheduleB>
    <IRS990ScheduleD documentId="IRS990ScheduleD">
      <ArtPublicExhibitionAmountsGrp />
      <HeldWorksArtGrp />
      <CYMinus3YrEndwmtFundGrp />
      <CYMinus4YrEndwmtFundGrp />
      <LandGrp />
      <BuildingsGrp />
      <LeaseholdImprovementsGrp />
      <EquipmentGrp />
      <OtherLandBuildingsGrp />
      <InvstProgramRelatedOrgGrp>
        <Desc>ATLANTIC COMMERCE CO. I, LLC</Desc>
        <BookValueAmt>49086813</BookValueAmt>
        <MethodValuationCd>C</MethodValuationCd>
      </InvstProgramRelatedOrgGrp>
      <InvstProgramRelatedOrgGrp>
        <Desc>FOREST COMPANY, LLC</Desc>
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        <MethodValuationCd>C</MethodValuationCd>
      </InvstProgramRelatedOrgGrp>
      <InvstProgramRelatedOrgGrp>
        <Desc>GENESIS COMPANY I, LLC</Desc>
        <BookValueAmt>24867829</BookValueAmt>
        <MethodValuationCd>C</MethodValuationCd>
      </InvstProgramRelatedOrgGrp>
      <InvstProgramRelatedOrgGrp>
        <Desc>OPTIMUS COMPANY, LLC</Desc>
        <BookValueAmt>4045248</BookValueAmt>
        <MethodValuationCd>C</MethodValuationCd>
      </InvstProgramRelatedOrgGrp>
      <TotalBookValueProgramRltdAmt>106333669</TotalBookValueProgramRltdAmt>
    </IRS990ScheduleD>
    <IRS990ScheduleF documentId="IRS990ScheduleF">
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        <RegionTxt>North America</RegionTxt>
        <OfficesCnt>1</OfficesCnt>
        <EmployeeCnt>0</EmployeeCnt>
        <TypeOfActivitiesConductedTxt>Investments</TypeOfActivitiesConductedTxt>
        <RegionTotalExpendituresAmt>105089758</RegionTotalExpendituresAmt>
      </AccountActivitiesOutsideUSGrp>
      <SubtotalOfficesCnt>1</SubtotalOfficesCnt>
      <SubtotalEmployeesCnt>0</SubtotalEmployeesCnt>
      <TotalOfficeCnt>1</TotalOfficeCnt>
      <TotalEmployeeCnt>0</TotalEmployeeCnt>
      <SubtotalSpentAmt>105089758</SubtotalSpentAmt>
      <TotalSpentAmt>105089758</TotalSpentAmt>
      <TransferToForeignCorpInd>true</TransferToForeignCorpInd>
      <InterestInForeignTrustInd>false</InterestInForeignTrustInd>
      <ForeignCorpOwnershipInd>true</ForeignCorpOwnershipInd>
      <PassiveForeignInvestmestCoInd>false</PassiveForeignInvestmestCoInd>
      <ForeignPartnershipInd>false</ForeignPartnershipInd>
      <BoycottCountriesInd>false</BoycottCountriesInd>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE F</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ACCOUNTING METHOD USED IS ACCRUAL.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleF>
    <IRS990ScheduleO documentId="IRS990ScheduleO">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART VI SECTION A LINE 6 AND 7A:</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION HAS A BOARD, WHICH IS THE ORGANIZATION'S GOVERNING BODY.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART VI SECTION B LINE 11B:</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION'S FORM 990 UNDERGOES A NUMBER OF INTERNAL AND EXTERNAL REVIEWS BEFORE IT IS FILED WITH THE IRS. THE RETURN IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM, BDO USA. A FINAL DRAFT OF THE FORM 990 IS PROVIDED TO EACH MEMBER OF THE ORGANIZATION'S BOARD OF DIRECTORS AND TO OUTSIDE COUNSEL FOR REVIEW AND COMMENT, BEFORE IT IS FILED WITH THE IRS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART VI SECTION B LINE 15A AND 15B:</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION HAS NO EMPLOYEES AND IS SERVED BY VOLUNTEER BOARD OF DIRECTORS AND OFFICERS.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="IRS990ScheduleR">
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        <USAddress>
          <AddressLine1Txt>C/O R CASTRO 12335 SHADOWHOLLOW DR</AddressLine1Txt>
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        </USAddress>
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        <EndOfYearAssetsAmt>61234097</EndOfYearAssetsAmt>
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      <IdDisregardedEntitiesGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>GENESIS COMPANY I LLC</BusinessNameLine1Txt>
        </DisregardedEntityName>
        <USAddress>
          <AddressLine1Txt>C/O R CASTRO 12335 SHADOWHOLLOW DR</AddressLine1Txt>
          <CityNm>HOUSTON</CityNm>
          <StateAbbreviationCd>TX</StateAbbreviationCd>
          <ZIPCd>77082</ZIPCd>
        </USAddress>
        <EIN>760527924</EIN>
        <PrimaryActivitiesTxt>HOLDING CO</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>DE</LegalDomicileStateCd>
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        <EndOfYearAssetsAmt>39828269</EndOfYearAssetsAmt>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>Fidelis Educ</BusinessNameLine1Txt>
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      <IdDisregardedEntitiesGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>OPTIMUS COMPANY LLC</BusinessNameLine1Txt>
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          <AddressLine1Txt>C/O R CASTRO 12335 SHADOWHOLLOW DR</AddressLine1Txt>
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        </USAddress>
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        <EndOfYearAssetsAmt>2874936</EndOfYearAssetsAmt>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>Fidelis Educ</BusinessNameLine1Txt>
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      </IdDisregardedEntitiesGrp>
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        </ForeignAddress>
        <PrimaryActivitiesTxt>RELIGIOUS</PrimaryActivitiesTxt>
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        <PublicCharityStatusTxt>7</PublicCharityStatusTxt>
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          <AddressLine1Txt>Agricultura 55 Col Escandon Del</AddressLine1Txt>
          <CityNm>Miguel Hidalgo</CityNm>
          <ProvinceOrStateNm>MEXICO DF</ProvinceOrStateNm>
          <CountryCd>MX</CountryCd>
          <ForeignPostalCd>CP 11807</ForeignPostalCd>
        </ForeignAddress>
        <PrimaryActivitiesTxt>Real Estate</PrimaryActivitiesTxt>
        <LegalDomicileForeignCountryCd>MX</LegalDomicileForeignCountryCd>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>ATLANTIC COMMER</BusinessNameLine1Txt>
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        <EntityTypeTxt>C CORPORATION</EntityTypeTxt>
        <ShareOfTotalIncomeAmt>0</ShareOfTotalIncomeAmt>
        <ShareOfEOYAssetsAmt>315017</ShareOfEOYAssetsAmt>
        <OwnershipPct>1.00000</OwnershipPct>
        <ControlledOrganizationInd>true</ControlledOrganizationInd>
      </IdRelatedOrgTxblCorpTrGrp>
      <IdRelatedOrgTxblCorpTrGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>VALLE SOLEADO SA DE CV</BusinessNameLine1Txt>
        </RelatedOrganizationName>
        <ForeignAddress>
          <AddressLine1Txt>Agricultura 55 Col Escandon Del</AddressLine1Txt>
          <CityNm>Miguel Hidalgo</CityNm>
          <ProvinceOrStateNm>MEXICO DF</ProvinceOrStateNm>
          <CountryCd>MX</CountryCd>
          <ForeignPostalCd>CP 11808</ForeignPostalCd>
        </ForeignAddress>
        <PrimaryActivitiesTxt>Real Estate</PrimaryActivitiesTxt>
        <LegalDomicileForeignCountryCd>MX</LegalDomicileForeignCountryCd>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>Atlantic Commer</BusinessNameLine1Txt>
        </DirectControllingEntityName>
        <EntityTypeTxt>C CORPORATION</EntityTypeTxt>
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        <ShareOfEOYAssetsAmt>454125</ShareOfEOYAssetsAmt>
        <OwnershipPct>1.00000</OwnershipPct>
        <ControlledOrganizationInd>true</ControlledOrganizationInd>
      </IdRelatedOrgTxblCorpTrGrp>
      <IdRelatedOrgTxblCorpTrGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>MARMAC DE GUADALAJARA SA DE CV</BusinessNameLine1Txt>
        </RelatedOrganizationName>
        <ForeignAddress>
          <AddressLine1Txt>Agricultura 55 Col Escandon Del</AddressLine1Txt>
          <CityNm>Miguel Hidalgo</CityNm>
          <ProvinceOrStateNm>MEXICO DF</ProvinceOrStateNm>
          <CountryCd>MX</CountryCd>
          <ForeignPostalCd>CP 11809</ForeignPostalCd>
        </ForeignAddress>
        <PrimaryActivitiesTxt>Real Estate</PrimaryActivitiesTxt>
        <LegalDomicileForeignCountryCd>MX</LegalDomicileForeignCountryCd>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>Atlantic Commer</BusinessNameLine1Txt>
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        <ShareOfTotalIncomeAmt>4729</ShareOfTotalIncomeAmt>
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        <OwnershipPct>1.00000</OwnershipPct>
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      <IdRelatedOrgTxblCorpTrGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>ASOCIACION INTERAMERICANA DE JUVENTUDES</BusinessNameLine1Txt>
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        <ForeignAddress>
          <AddressLine1Txt>Agricultura 55 Col Escandon Del</AddressLine1Txt>
          <CityNm>Miguel Hidalgo</CityNm>
          <ProvinceOrStateNm>MEXICO DF</ProvinceOrStateNm>
          <CountryCd>MX</CountryCd>
          <ForeignPostalCd>CP 11810</ForeignPostalCd>
        </ForeignAddress>
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        <LegalDomicileForeignCountryCd>MX</LegalDomicileForeignCountryCd>
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          <BusinessNameLine1Txt>ATLANTIC COMMER</BusinessNameLine1Txt>
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        <ControlledOrganizationInd>true</ControlledOrganizationInd>
      </IdRelatedOrgTxblCorpTrGrp>
      <IdRelatedOrgTxblCorpTrGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>PROMOCION DE VALORES Y CIENCIA SC</BusinessNameLine1Txt>
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        <ForeignAddress>
          <AddressLine1Txt>Melchor Ocampo 212 Desp 506 Col</AddressLine1Txt>
          <CityNm>Cuauhtemoc</CityNm>
          <ProvinceOrStateNm>MEXICO DF</ProvinceOrStateNm>
          <CountryCd>MX</CountryCd>
          <ForeignPostalCd>CP. 06500</ForeignPostalCd>
        </ForeignAddress>
        <PrimaryActivitiesTxt>REAL ESTATE</PrimaryActivitiesTxt>
        <LegalDomicileForeignCountryCd>MX</LegalDomicileForeignCountryCd>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>ATLANTIC COMMER</BusinessNameLine1Txt>
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        <OwnershipPct>1.00000</OwnershipPct>
        <ControlledOrganizationInd>true</ControlledOrganizationInd>
      </IdRelatedOrgTxblCorpTrGrp>
      <IdRelatedOrgTxblCorpTrGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>PROMOTORA DE CENTROS EDUCATIVOS SA DE CV</BusinessNameLine1Txt>
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        <ForeignAddress>
          <AddressLine1Txt>Melchor Ocampo 212 Desp 506 Col</AddressLine1Txt>
          <CityNm>Cuauhtemoc</CityNm>
          <ProvinceOrStateNm>MEXICO DF</ProvinceOrStateNm>
          <CountryCd>MX</CountryCd>
          <ForeignPostalCd>CP. 06501</ForeignPostalCd>
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        <PrimaryActivitiesTxt>Real Estate</PrimaryActivitiesTxt>
        <LegalDomicileForeignCountryCd>MX</LegalDomicileForeignCountryCd>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>ATLANTIC COMMER</BusinessNameLine1Txt>
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        <ControlledOrganizationInd>true</ControlledOrganizationInd>
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      <IdRelatedOrgTxblCorpTrGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>INMOBILIARIA ALCEDA ONTANEDA SA DE CV</BusinessNameLine1Txt>
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        <ForeignAddress>
          <AddressLine1Txt>Sur 16 259 Col Agricola Orienta</AddressLine1Txt>
          <CityNm>Iztacalco</CityNm>
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          <CountryCd>MX</CountryCd>
          <ForeignPostalCd>CP 08500</ForeignPostalCd>
        </ForeignAddress>
        <PrimaryActivitiesTxt>Real Estate</PrimaryActivitiesTxt>
        <LegalDomicileForeignCountryCd>MX</LegalDomicileForeignCountryCd>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>FOREST COMPANY</BusinessNameLine1Txt>
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        <EntityTypeTxt>C CORPORATION</EntityTypeTxt>
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        <ControlledOrganizationInd>true</ControlledOrganizationInd>
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      <IdRelatedOrgTxblCorpTrGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>COMBURINDA SA DE CV</BusinessNameLine1Txt>
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        <ForeignAddress>
          <AddressLine1Txt>Sur 16 259 Col Agricola Orienta</AddressLine1Txt>
          <CityNm>Iztacalco</CityNm>
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          <CountryCd>MX</CountryCd>
          <ForeignPostalCd>CP 08500</ForeignPostalCd>
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        <PrimaryActivitiesTxt>Real Estate</PrimaryActivitiesTxt>
        <LegalDomicileForeignCountryCd>MX</LegalDomicileForeignCountryCd>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>FOREST COMPANY</BusinessNameLine1Txt>
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      <IdRelatedOrgTxblCorpTrGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>FUENTE DE TREVI SA DE CV</BusinessNameLine1Txt>
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        <ForeignAddress>
          <AddressLine1Txt>Sur 16 259 Col Agricola Orienta</AddressLine1Txt>
          <CityNm>Iztacalco</CityNm>
          <ProvinceOrStateNm>MEXICO DF</ProvinceOrStateNm>
          <CountryCd>MX</CountryCd>
          <ForeignPostalCd>CP 08500</ForeignPostalCd>
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        <PrimaryActivitiesTxt>Real Estate</PrimaryActivitiesTxt>
        <LegalDomicileForeignCountryCd>MX</LegalDomicileForeignCountryCd>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>FOREST COMPANY</BusinessNameLine1Txt>
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        <EntityTypeTxt>C CORPORATION</EntityTypeTxt>
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      <IdRelatedOrgTxblCorpTrGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>OYAMBRE SA DE CV</BusinessNameLine1Txt>
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        <ForeignAddress>
          <AddressLine1Txt>Sur 16 259 Col Agricola Orienta</AddressLine1Txt>
          <CityNm>Iztacalco</CityNm>
          <ProvinceOrStateNm>MEXICO DF</ProvinceOrStateNm>
          <CountryCd>MX</CountryCd>
          <ForeignPostalCd>CP 08500</ForeignPostalCd>
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        <PrimaryActivitiesTxt>Real Estate</PrimaryActivitiesTxt>
        <LegalDomicileForeignCountryCd>MX</LegalDomicileForeignCountryCd>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>FOREST COMPANY</BusinessNameLine1Txt>
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        <EntityTypeTxt>C CORPORATION</EntityTypeTxt>
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        <ControlledOrganizationInd>true</ControlledOrganizationInd>
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      <IdRelatedOrgTxblCorpTrGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>INMOBILIARIA PLAYA AZUL SA DE CV</BusinessNameLine1Txt>
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        <ForeignAddress>
          <AddressLine1Txt>Sur 16 259 Col Agricola Orienta</AddressLine1Txt>
          <CityNm>Iztacalco</CityNm>
          <ProvinceOrStateNm>MEXICO DF</ProvinceOrStateNm>
          <CountryCd>MX</CountryCd>
          <ForeignPostalCd>CP 08500</ForeignPostalCd>
        </ForeignAddress>
        <PrimaryActivitiesTxt>Real Estate</PrimaryActivitiesTxt>
        <LegalDomicileForeignCountryCd>MX</LegalDomicileForeignCountryCd>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>FOREST COMPANY</BusinessNameLine1Txt>
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        <EntityTypeTxt>C CORPORATION</EntityTypeTxt>
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      </IdRelatedOrgTxblCorpTrGrp>
      <IdRelatedOrgTxblCorpTrGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>TANCITARO SA DE CV</BusinessNameLine1Txt>
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        <ForeignAddress>
          <AddressLine1Txt>Sur 16 259 Col Agricola Orienta</AddressLine1Txt>
          <CityNm>Iztacalco</CityNm>
          <ProvinceOrStateNm>MEXICO DF</ProvinceOrStateNm>
          <CountryCd>MX</CountryCd>
          <ForeignPostalCd>CP 08500</ForeignPostalCd>
        </ForeignAddress>
        <PrimaryActivitiesTxt>Real Estate</PrimaryActivitiesTxt>
        <LegalDomicileForeignCountryCd>MX</LegalDomicileForeignCountryCd>
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          <BusinessNameLine1Txt>FOREST COMPANY</BusinessNameLine1Txt>
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      </IdRelatedOrgTxblCorpTrGrp>
      <IdRelatedOrgTxblCorpTrGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>INMOBILIARIA EL ZAPOTAL SA DE CV</BusinessNameLine1Txt>
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        <ForeignAddress>
          <AddressLine1Txt>Sur 16 259 Col Agricola Orienta</AddressLine1Txt>
          <CityNm>Iztacalco</CityNm>
          <ProvinceOrStateNm>MEXICO DF</ProvinceOrStateNm>
          <CountryCd>MX</CountryCd>
          <ForeignPostalCd>CP 08500</ForeignPostalCd>
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        <PrimaryActivitiesTxt>Real Estate</PrimaryActivitiesTxt>
        <LegalDomicileForeignCountryCd>MX</LegalDomicileForeignCountryCd>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>FOREST COMPANY</BusinessNameLine1Txt>
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      </IdRelatedOrgTxblCorpTrGrp>
      <IdRelatedOrgTxblCorpTrGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>CAFERMAN SA DE CV</BusinessNameLine1Txt>
        </RelatedOrganizationName>
        <ForeignAddress>
          <AddressLine1Txt>Sur 16 259 Col Agricola Orienta</AddressLine1Txt>
          <CityNm>Iztacalco</CityNm>
          <ProvinceOrStateNm>MEXICO DF</ProvinceOrStateNm>
          <CountryCd>MX</CountryCd>
          <ForeignPostalCd>CP 08500</ForeignPostalCd>
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        <PrimaryActivitiesTxt>Real Estate</PrimaryActivitiesTxt>
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          <BusinessNameLine1Txt>FOREST COMPANY</BusinessNameLine1Txt>
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        <ControlledOrganizationInd>true</ControlledOrganizationInd>
      </IdRelatedOrgTxblCorpTrGrp>
      <IdRelatedOrgTxblCorpTrGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>FRACCIONADORA RESIDENCIAL DE TIJUANA SA</BusinessNameLine1Txt>
        </RelatedOrganizationName>
        <ForeignAddress>
          <AddressLine1Txt>Sur 16 259 Col Agricola Orienta</AddressLine1Txt>
          <CityNm>Iztacalco</CityNm>
          <ProvinceOrStateNm>MEXICO DF</ProvinceOrStateNm>
          <CountryCd>MX</CountryCd>
          <ForeignPostalCd>CP 08500</ForeignPostalCd>
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        <PrimaryActivitiesTxt>Real Estate</PrimaryActivitiesTxt>
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          <BusinessNameLine1Txt>FOREST COMPANY</BusinessNameLine1Txt>
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        <OwnershipPct>1.00000</OwnershipPct>
        <ControlledOrganizationInd>true</ControlledOrganizationInd>
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      <IdRelatedOrgTxblCorpTrGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>UNIVERSIDAD ANAHUAC DE OCCIDENTE SC</BusinessNameLine1Txt>
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        <ForeignAddress>
          <AddressLine1Txt>Agricultura 55 Col Escandon Dele</AddressLine1Txt>
          <CityNm>Miguel Hidalgo</CityNm>
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          <CountryCd>MX</CountryCd>
          <ForeignPostalCd>CP 11800</ForeignPostalCd>
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        <PrimaryActivitiesTxt>Management</PrimaryActivitiesTxt>
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        <ControlledOrganizationInd>true</ControlledOrganizationInd>
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        <RelatedOrganizationName>
          <BusinessNameLine1Txt>CENTRO DE CULTURA Y CAPACITACION SC</BusinessNameLine1Txt>
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        <ForeignAddress>
          <AddressLine1Txt>Ahumada Villagran 21 Col Lomas Vir</AddressLine1Txt>
          <CityNm>Miguel Hidalgo</CityNm>
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          <ForeignPostalCd>08500</ForeignPostalCd>
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        <PrimaryActivitiesTxt>Management</PrimaryActivitiesTxt>
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        <RelatedOrganizationName>
          <BusinessNameLine1Txt>INMOBILIARIA APIZACO SA DE CV</BusinessNameLine1Txt>
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        <ForeignAddress>
          <AddressLine1Txt>Melchor Ocampo 212 Desp 506 Col</AddressLine1Txt>
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          <ForeignPostalCd>CP. 06500</ForeignPostalCd>
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        <PrimaryActivitiesTxt>Real Estate</PrimaryActivitiesTxt>
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      <IdRelatedOrgTxblCorpTrGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>INMOBILIARIA CARAPAN SA DE CV</BusinessNameLine1Txt>
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        <ForeignAddress>
          <AddressLine1Txt>Melchor Ocampo 212 Desp 506 Col</AddressLine1Txt>
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      <IdRelatedOrgTxblCorpTrGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>JACONA SA DE CV</BusinessNameLine1Txt>
        </RelatedOrganizationName>
        <ForeignAddress>
          <AddressLine1Txt>Melchor Ocampo 212 Desp 506 Col</AddressLine1Txt>
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      <IdRelatedOrgTxblCorpTrGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>PRADO ALEGRE SA DE CV</BusinessNameLine1Txt>
        </RelatedOrganizationName>
        <ForeignAddress>
          <AddressLine1Txt>Melchor Ocampo 212 Desp 506 Col</AddressLine1Txt>
          <CityNm>Cuauhtemoc</CityNm>
          <ProvinceOrStateNm>MEXICO DF</ProvinceOrStateNm>
          <CountryCd>MX</CountryCd>
          <ForeignPostalCd>CP. 06500</ForeignPostalCd>
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        <PrimaryActivitiesTxt>Real Estate</PrimaryActivitiesTxt>
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        </DirectControllingEntityName>
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      <IdRelatedOrgTxblCorpTrGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>EXPLOTADORA DE INMUEBLES EL ROSEDAL SA D</BusinessNameLine1Txt>
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        <ForeignAddress>
          <AddressLine1Txt>Melchor Ocampo 212 Desp 506 Col</AddressLine1Txt>
          <CityNm>Cuauhtemoc</CityNm>
          <ProvinceOrStateNm>MEXICO DF</ProvinceOrStateNm>
          <CountryCd>MX</CountryCd>
          <ForeignPostalCd>CP. 06500</ForeignPostalCd>
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        <PrimaryActivitiesTxt>Real Estate</PrimaryActivitiesTxt>
        <LegalDomicileForeignCountryCd>MX</LegalDomicileForeignCountryCd>
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          <BusinessNameLine1Txt>GENESIS COMPANY</BusinessNameLine1Txt>
        </DirectControllingEntityName>
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        <TransactionTypeTxt>R</TransactionTypeTxt>
        <InvolvedAmt>1729689</InvolvedAmt>
        <MethodOfAmountDeterminationTxt>CASH</MethodOfAmountDeterminationTxt>
      </TransactionsRelatedOrgGrp>
    </IRS990ScheduleR>
  </ReturnData>
</Return>