2018-10-11T15:16:18-05:00 2017-12-31 464016990 The Pun Group LLP 4742 N 24th Street Suite 300 Phoenix AZ 85016 990 2017-01-01 860427342 Comite de Bien Estar Inc COMI 9286278559 PO Box 7170 San Luis AZ 85349 Marco Reyes Executive Director 9286278559 2018-10-11 1 Kenneth Pun P01443751 6022749966 2018-10-11 2017 2022-09-23 18:48:47Z Marco Reyes PO Box 7170 San Luis AZ 85349 10915191 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 70 45 0 0 2984778 3365660 1110602 1828539 2015 5340 615131 627006 4712526 5826545 0 0 0 0 1645584 1920320 0 0 34326 3068526 3156921 4714110 5077241 -1584 749304 14507544 18426182 6812252 9981586 7695292 8444596 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 2013865 1394644 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. 1835327 Child nutrition program provides training in nutrition & reimburses participating home daycare providers for meals served to the children while in their care. 495393 433895 Affordable housing apartment complex management. 4344585 1 1 0 1 0 0 0 0 1 0 1 0 0 1 0 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 23 0 1 70 1 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 Chairman 2.00 X X 2087 0 0 Raymundo Terrazas Vice-Chairman 2.00 X X 2087 0 0 Edna Lopez Secretary 2.00 X X 1913 0 0 Jose I Gonzalez Treasurer 2.00 X X 2266 0 0 Hector Sanchez Director 2.00 X 2087 0 0 Vicente Zamora Director 2.00 X 5913 0 0 Jose L Madrigal Director 2.00 X 2088 0 0 Carlos Sanchez Director 2.00 X 2088 0 0 Lizeth Chavez Director 2.00 X 700 0 0 Marco Antonio Reyes Executive Director 40.00 X 163604 0 0 184833 0 0 1 0 1 0 0 29479 3293227 42954 3365660 Developer fees 230000 841680 841680 Interest income 525990 364525 364525 Affordable apartments mgmt fees 230000 334483 334483 Rental income 531110 189855 189855 Late fees 230000 73466 73466 24530 24530 1828539 5340 5340 5662309 5088646 573663 573663 Miscellaneous 900099 53343 53343 53343 5826545 2455545 0 5340 184833 184833 1264479 1080783 149370 34326 43678 34254 9424 156905 104669 52236 270425 154852 115573 49649 46503 3146 50849 13061 37788 68161 59173 8988 39267 29625 9642 138816 122416 16400 67354 62416 4938 44882 43347 1535 10720 2898 7822 232153 216808 15345 74519 62939 11580 87993 37386 50607 Recipients direct costs 1558883 1558883 Other 323963 306917 17046 Program costs 184101 184065 36 Loan fees 154463 154463 71148 69127 2021 5077241 4344585 698330 34326 94274 66692 534716 610299 204552 228589 244903 316488 614573 184256 527598 943902 16382 10482 2892730 746574 2171876 2146156 258773 9839897 13919318 14507544 18426182 862142 1637592 647840 712519 5286070 7605554 16200 25921 6812252 9981586 X 5895909 6026923 1579383 2197673 220000 220000 7695292 8444596 14507544 18426182 749304 0 X 0 1 X 1 1 1 X 2301698 2941990 2968153 2984778 3365660 14562279 983467 3329570 2923732 6639963 7544191 21420923 3285165 6271560 5891885 9624741 10909851 35983202 0 0 0 35983202 528 1642 3780 2015 5340 13305 528 1642 3780 2015 5340 13305 3285693 6273202 5895665 9626756 10915191 35996507 0.99960 0.99600 0.00040 0.00040 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 0 1 0 0 Pt 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 2349483 646904 1702579 127509 99670 27839 2146156 Land and homes under development 4878950 Refundable deposits 600 Related entities receivable 9039768 13919318 X 10915191 5088646 5088646 5826545 0 5826545 10165887 5088646 5088646 5077241 0 5077241 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, 2017, 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 148346 0 15258 0 0 0 0 0 0 0 163604 0 0 0 Pt I Line 5a The Executive Director compensation contract includes bonuses based on performance related benchmarks. X 1 38944 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. 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 -11 -13240 0 0 0.01000 South Yuma County Development LLC 963 East B Street San Luis AZ 85349 870800156 Affordable housing development AZ N/A Related -257662 0 0 0.25000 Bienstar Apartments Phase II LLC 963 East B Street San Luis AZ 85349 200402488 Tax credit housing AZ N/A Related -34 -461 0 0 0.01000 BMG Property Management Inc 963 East B Street San Luis AZ 85349 860957740 Property management AZ Comite de Bien Estar C 148264 216028 1.00000 1 Comite S Mart 963 East B Street San Luis AZ 85349 463858249 Convenience store AZ Comite de Bien Estar C 1344437 117172 1.00000 1 Las Casitas Apartments LLC 963 East B Street San Luis AZ 85349 475309083 Affordable housing AZ Comite de Bien Estar C 505066 1231371 1.00000 1 0 1 0 1 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 Border Financial Resources O 106211 Cost BMG Property Management O 115612 Cost Comite S Mart O 135959 Cost Las Casitas Apartments O 95030 Cost Border Financial Resources J 7800 Cost Gemini Property Holdings K 9741 Cost Comite S Mart D 140233 Cost Border Financial Resources D 2492 Cost BMG Property Management D 8386 Cost Border Financial Resources B 62521 Cost Comite S Mart J 9000 Cost