2019-10-14T15:14:23-05:00 2018-12-31 464016990 THE PUN GROUP LLP 4742 N 24TH STREET SUITE 300 PHOENIX AZ 85016 990 2018-01-01 860427342 COMITE DE BIEN ESTAR INC COMI 9286278559 PO BOX 7170 SAN LUIS AZ 85349 MARCO REYES EXECUTIVE DIRECTOR 9286278559 2019-10-14 1 KENNETH PUN P01443751 6022749966 2019-08-13 173.254.195.178 2019-10-14 13:17:40 PD P 25B5B3B0ABC4A1E493D45DDD4D0B3EFF5838B6E3 2B2711CC391554CD799A96794433A8F73CE9A135 2018 2019-02-21 02:37:17Z MARCO REYES PO BOX 7170 SAN LUIS AZ 85349 14720404 0 X WWW.COMITEAZ.COM X 1980 AZ COMITE DE BIEN ESTAR, INC. STRIVES TO ENHANCE THE ECONOMIC AND SOCIAL WELL-BEING OF THE COMMUNITY THROUGH COOPERATIVE LAND DEVELOPMENT, HOUSING, LENDING AND SERVICE PROGRAMS 9 9 62 15 0 0 3365660 2882432 1828539 1316750 5340 8089 627006 1586518 5826545 5793789 0 0 0 0 1920320 1860402 0 0 1641 3156921 3876554 5077241 5736956 749304 56833 18426182 16578241 9981586 8699899 8444596 7878342 COMITE DE BIEN ESTAR, INC. STRIVES TO ENHANCE THE ECONOMIC AND SOCIAL WELL-BEING OF THE COMMUNITY THROUGH COOPERATIVE LAND DEVELOPMENT, HOUSING, LENDING AND SERVICE PROGRAMS. 0 0 1130940 700598 LAND DEVELOPMENT PROJECTS, LOW INCOME HOUSING, COMMUNITY CLASSES AND ACTIVITIES, AND RURAL DEVELOPMENT SELF-HELP HOUSING PROGRAM. HOUSING COUNSELING AND FINANCIAL LITERACY CLASSES - IMPORTANT WE ARE A HUD-APPROVED COUNSELING AGENCY. 2365409 2357160 CHILD NUTRITION PROGRAM PROVIDES TRAINING IN NUTRITION & REIMBURSES PARTICIPATING HOME DAYCARE PROVIDERS FOR MEALS SERVED TO THE CHILDREN WHILE IN THEIR CARE. 772671 512076 AFFORDABLE HOUSING APARTMENT COMPLEX MANAGEMENT. 788312 104076 788312 104076 5057332 1 1 0 1 0 0 0 0 1 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 26 0 1 62 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 AZ X COMITE DE BIEN ESTAR 9286278559 963 EAST B STREET SAN LUIS AZ 85349 GEORGE GUERRERO DIRECTOR 2.00 X X 2208 0 0 RAYMUNDO TERRAZAS VICE-CHAIRMAN 2.00 X X 2208 0 0 EDNA LOPEZ SECRETARY 2.00 X X 2208 0 0 JOSE I GONZALEZ TREASURER 2.00 X X 2035 0 0 HECTOR SANCHEZ DIRECTOR 2.00 X 1858 0 0 VICENTE ZAMORA DIRECTOR 2.00 X 14808 0 0 JOSE L MADRIGAL DIRECTOR 2.00 X 2033 0 0 CARLOS SANCHEZ CHAIRMAN 2.00 X 2208 0 0 ANNA COVARRUBIAS DIRECTOR 2.00 X 2208 0 0 MARCO ANTONIO REYES EXECUTIVE DIRECTOR 40.00 X 177236 0 0 209010 0 0 1 0 1 0 0 1612 2781423 99397 2882432 AFFORDABLE APARTMENTS MGMT FEES 230000 512076 512076 INTEREST INCOME 525990 346527 346527 RENTAL INCOME 531110 202838 202838 DEVELOPER FEES 230000 151233 151233 PROGRAM REVENUES 230000 100623 100623 3453 3453 1316750 8089 8089 10403595 8926615 1476980 1476980 MISCELLANEOUS 900099 109538 109538 109538 5793789 2903268 0 8089 209010 209010 865969 715549 150420 37916 29243 8673 652519 551184 101335 94988 63064 31924 20922 18930 1992 48456 30279 18177 30764 22366 8398 24655 18990 5354 311 134360 117140 17220 64256 60017 4239 39263 36428 2835 11913 7105 4808 363384 350383 13001 74671 65471 9200 132595 61917 70678 RECIPIENTS DIRECT COSTS 1966654 1966654 PROGRAM COSTS 353866 353866 OTHER 217058 196165 19563 1330 LOAN FEES 215365 215365 178372 177216 1156 5736956 5057332 677983 1641 66692 61431 610299 807654 228589 260125 316488 707398 184256 159807 943902 1301178 10482 272021 2960547 777024 2146156 2183523 13919318 10825104 18426182 16578241 1637592 1066093 712519 1172145 7605554 6374411 25921 73503 0 13747 9981586 8699899 X 6026923 5650208 2197673 2008134 220000 220000 8444596 7878342 18426182 16578241 X 56833 -623087 X X 0 1 X 1 1 1 X 2941990 2968153 2984778 3365660 2882432 15143013 3329570 2923732 6639963 7544191 11829883 32267339 6271560 5891885 9624741 10909851 14712315 47410352 0 0 0 47410352 1642 3780 2015 5340 8089 20866 1642 3780 2015 5340 8089 20866 6273202 5895665 9626756 10915191 14720404 47431218 0.99960 0.99960 0.00040 0.00040 X 0 0 0 0 0 0 1 0 1 0 0 PART II-B, LINE 1 COMITE IS REQUIRED TO OBTAIN ZONING APPROVAL AND OTHER PERMITS FROM THE CITY. MANAGEMENT MUST MAKE PRESENTATIONS AT PUBLIC CITY COUNCIL MEETINGS. THE EXECUTIVE DIRECTOR ALSO MEETS WITH VARIOUS STATE, LOCAL AND COUNTY REPRESENTATIVES TO COMMUNICATE THE HEALTH, SAFETY, AND HOUSING NEEDS OF THE ARIZONA/MEXICO BORDER COMMUNITY RESIDENTS. 0 0 415738 415738 2456321 697597 1758724 26323 26323 0 62165 53104 9061 2183523 LAND AND HOMES UNDER DEVELOPMENT 2201732 RELATED ENTITIES RECEIVABLE 8623372 10825104 INVESTMENTS IN UNCONSOLIDATED ENTITIES 13747 13747 X 14720404 8926615 8926615 5793789 0 5793789 14663571 8926615 8926615 5736956 0 5736956 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, 2018, THERE WERE NO UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF IMPROVED LAND AND HOMES SOLD PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF IMPROVED LAND AND HOMES SOLD PART XI. LINE 2D COST OF IMPROVED LAND AND HOMES SOLD PART XII, LINE 2D COST OF IMPROVED LAND AND HOMES SOLD 0 0 0 1 0 0 0 0 0 MARCO ANTONIO REYES EXECUTIVE DIRECTOR 158633 0 18603 0 0 0 0 0 0 0 177236 0 0 0 X 1 106838 FMV 0 1 0 FORM 990, PART VI, SECTION A, LINE 6 ANYONE CAN BECOME A MEMBER BY PAYING AN INITIAL $1,080 DEPOSIT, A $20 MEMBERSHIP FEE, AND $5 PER MONTH THEREAFTER. MEMBERS CONTINUE TO MAKE PAYMENTS AS THEY CAN AFFORD TO, $150 A MONTH IS EXPECTED UNTIL DEVELOPMENT OF THE LAND IS COMPLETE. WHEN THE MEMBER HAS ACCUMULATED APPROXIMATELY $2,500 THEY ARE ELIGIBLE TO CHOOSE A LOT. THEN FINANCING IS ARRANGED. COMITE ACTS AS A FIDUCIARY AGENT AND FACILITATES THE TRANSFER OF THE DEED OF TRUST. THE MEMBER MAKES MONTHLY PAYMENTS TO THE TITLE COMPANY. THERE IS A RESERVE ACCOUNT THAT COVERS ANY DELINQUENT MEMBERS SO THEY MAINTAIN EXCELLENT CREDIT. OVER A PERIOD OF 18 MONTHS A MEMBER DEVELOPS EQUITY WHICH PROVIDES THEM WITH A VEHICLE FOR LEVERAGE ON A MORTGAGE. THEY CAN TAKE 5 - 1O YEARS TO PAY OFF THEIR LOT OR DECIDE TO BUILD A HOUSE. THIS IS WHEN COMITE PROVIDES THE MAJORITY OF THE HOUSING AND SERVICES TO ALLEVIATE FINANCIAL DURESS AND OTHER IMPEDIMENTS TO AFFORDABLE HOUSING. MEMBERS CAN ALSO OBTAIN A REWARDS CARD FROM COMITE S-MART WHICH PROV1DES THEM WITH DISCOUNT PRICES ON SELECTED ITEMS AT COMITE S-MART AND FOR COMITE SERVICES. 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 DIRECTOR 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 THE 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 15A THE EXECUTIVE DIRECTORS CONTRACT IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS USING THE "REBUTTABLE COMPENSATION CHECKLIST" WHICH IS SUBMITTED TO THE HUMAN RESOURCES DEPARTMENT. 15B OTHER OFFICERS AND KEY EMPLOYEES SALARY IS DETERMINED BY THE HUMAN RESOURCE DEPARTMENTS SURVEY OF COMPARABLE DATA, THE EMPLOYEES 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 ADMINISTRATION OFFICE OF COMITE DE BIEN ESTAR. THE IRS FORM 990 IS ALSO AVAILABLE TO THE PUBLIC ON GU1DESTAR. FORM 990, PART XI, LINE 9: DISCONTINUANCE OF OPERATIONS -623,087. 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. FORM 990,PART XI, LINE 9, CHNAGES IN NET ASSETS COMITE, COMITE S MART, LLC AND A COMITE BOARD MEMBER ARE PARTIES TO AN AGREEMENT WHEREBY COMITE SOLD CERTAIN MOVABLE ASSETS INCLUDING SHELVES, INVENTORY AND THE OPERATIONS OF THE CONVENIENCE MART AND GAS STATION TO THE BOARD MEMBER FOR $55,000. THE PURCHASE PRICE OF $55,000 WAS FULLY FINANCED THROUGH A NOTE PAYABLE TO COMITE S MART, LLC,TO BE REPAID THROUGH MONTHLY PAYMENTS THROUGH APRIL 1, 2025, AT AN ANNUAL INTEREST RATE OF 5%. AT THE TIME OF SALE, THE RELATED PARTY PAYABLE IN THE AMOUNT OF $623,087 DUE FROM S MART, LLC, TO COMITE DE BIEN ESTAR, INC., WAS FORGIVEN. THE FORGIVENESS OF THE NOTE WAS RECORDED AS A SPECIAL ITEM AS PART OF THE RECORDING OF THE DISCONTINUED OPERATIONS IN THE CONSOLIDATING STATEMENT OF REVENUES AND EXPENSES. THE SPECIAL ITEM IS ELIMINATED UPON CONSOLIDATION. SL BIENESTAR DEVELOPMENT IV LLC 963 EAST B STREET SAN LUIS AZ 85349 202948765 APARTMENT CONSTRUCTION AZ GEMINI PROPERTY HOLDINGS 963 EAST B STREET SAN LUIS AZ 85349 200955026 HOLDING TITLE TO PROPERTY AZ 501(C)(2) COMITE DE BIEN ESTAR 1 BORDER FINANCIAL RESOURCES 963 EAST B STREET SAN LUIS AZ 85349 043835569 LOANS FOR LOW INCOME PEOPLE & SMALL BUSINESS AZ 501(C)(3) LINE 9 COMITE DE BIEN ESTAR 1 TIERRA DEL CIELO LIMITED PARTNERSHIP 963 EAST B STREET SAN LUIS AZ 85349 743011837 FARM LABOR MULTI-HOUSING PROJECT AZ N/A RELATED -9 447 0 0 0.00010 BIENESTAR APARTMENTS PHASE II LLC 963 EAST B STREET SAN LUIS AZ 85349 200402488 TAX CREDIT HOUSING AZ N/A RELATED -23 362 0 0 0.00010 BMG PROPERTY MANAGEMENT INC 963 EAST B STREET SAN LUIS AZ 85349 860957740 PROPERTY MANAGEMENT AZ COMITE DE BIEN ESTAR C 172684 194997 1.00000 1 COMITE S MART 963 EAST B STREET SAN LUIS AZ 85349 463858249 CONVENIENCE STORE AZ COMITE DE BIEN ESTAR C 526108 76343 1.00000 1 LAS CASITAS APARTMENTS LLC 963 EAST B STREET SAN LUIS AZ 85349 475309083 AFFORDABLE HOUSING AZ COMITE DE BIEN ESTAR C 368441 1189383 1.00000 1 0 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 BORDER FINANCIAL RESOURCES O 90034 COST BMG PROPERTY MANAGEMENT O 178848 COST COMITE S MART O 37698 COST LAS CASITAS APARTMENTS O 115076 COST BORDER FINANCIAL RESOURCES J 8112 COST GEMINI PROPERTY HOLDINGS K 9642 COST BORDER FINANCIAL RESOURCES B 13927 COST COMITE S MART J 2250 COST