EAST LAS VEGAS QALICB INC
7060 W WINDMILL LANE, LAS VEGAS, NV 89113

Total Revenue
$200,000
Total Expenses
$852,488
Net Assets
$8,606,628

Organizations Filed Purposes: TO ACQUIRE AND LEASE REAL OR PERSONAL PROPERTY THAT IS SUBJECT TO CERTAIN RESTRICTIONS AND LIMITATIONS FOR THE BENEFIT OF THE LAS VEGAS-CLARK COUNTY LIBRARY DISTRICT.

THE EAST LAS VEGAS QALICB OBTAINED FINANCING IN AN ARRANGED STRUCTURE UNDER THE NEW MARKETS TAX CREDIT PROGRAM (NMTC). AS A RESULT OF PARTICIPATING IN THE NMTC PROGRAM, EAST LAS VEGAS QALICB ENTERED INTO TWO NOTES PAYABLE, WHICH ARE SECURED BY A DEED OF TRUST AND ASSIGNMENTS OF LEASES AND RENTS. BOTH OF THESE NOTES BEAR INTEREST AT 1.20296% AND ARE PAYABLE THEREAFTER THROUGH JULY 25, 2057. THE EXPENSES IN FISCAL YEAR 2020 WERE INTEREST ON THE TWO LOANS AND DEPRECIATION.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Floresto CabiasPRESIDENT0$0
Michael SaundersDIRECTOR0$0
Felipe OrtizDIRECTOR0$0
Senator Mo DenisDIRECTOR0$0
Keiba CrearSECRETARY-TREASURER0$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202141069349300819_public.xml