Inquilinos Boricuas En Accion Inc

Organization Overview

Inquilinos Boricuas En Accion Inc is located in Boston, MA. The organization was established in 2019. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Inquilinos Boricuas En Accion Inc employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inquilinos Boricuas En Accion Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2022, Inquilinos Boricuas En Accion Inc generated $18.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.4% each year . All expenses for the organization totaled $13.5m during the year ending 12/2022. While expenses have increased by 13.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

INQUILINOS BORICUAS EN ACCION (IBA) EMPOWERS AND ENGAGES INDIVIDUALS AND FAMILIES TO IMPROVE THEIR LIVES THROUGH HIGH-QUALITY AFFORDABLE HOUSING, EDUCATION AND ARTS PROGRAMS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

IBA IS A NON-PROFIT OWNER AND DEVELOPER OF AFFORDABLE HOUSING. THE MAIN GOAL IS TO PROVIDE AN AFFORDABLE, SAFE AND HEALTHY ENVIRONMENT THAT PROMOTES THE HIGHEST QUALITY OF LIFE FOR LOW AND MODERATE-INCOME FAMILIES AND ELDERS.IBA ALSO SUPPORT FAMILIES THAT ARE AT RISK OF LOSING THEIR HOMESBY HELPING THEM RETAIN THEIR HOUSING THROUGH DIFFERENT SERVICES THAT INCLUDE: COUNSELING, CASE MANAGEMENT AND ADVOCACY.


PRESCHOOL - OUR APPROACH GOES WELL BEYOND TESTING SCORES, IT FOCUSES ON SKILLS DEVELOPMENT, SUCH AS INCLUSION, ADAPTABILITY, CREATIVITY, CRITICAL THINKING AND INDEPENDENCE. OUR DEDICATED TEACHERS AND STAFF NURTURE EACH CHILD'S CREATIVITY AND INDIVIDUALITY, RECOGNIZING THESE SKILLS TO BE JUST AS IMPORTANT AS THE ACADEMIC SKILLS THEY NEED TO SUCCEED. ALL OF OUR STUDENTS GRADUATE PREPARED FOR KINDERGARTEN - THEY LEAVE US READY TO READ, WITH STRENGTHENED BILINGUAL SKILLS, AND WITH THE KNOWLEDGE THAT WILL SERVE THEM TO BECOME VALUED MEMBERS OF THEIR SOCIETY. OUR PROGRAM FOCUSES ON 5 CORE VALUES TO EDUCATE YOUR CHILD FOR FUTURE SUCCESS;SOCIO-EMOTIONAL SKILLS, LITERACY SKILLS, LEARNING SKILLS, COGNITIVE DEVELOPMENT, AND FINE AND GROSS MOTOR DEVELOPMENT.


REAL ESTATE MANAGEMENT - NON-PROFIT OWNER AND DEVELOPER OF AFFORDABLE HOUSING. THE MAIN GOAL IS TO PROVIDE AN AFFORDABLE, SAFE AND HEALTHY ENVIRONMENT THAT PROMOTES THE HIGHEST QUALITY OF LIFE FOR LOW AND MODERATE-INCOME FAMILIES AND ELDERS. IBA OWNS A RENTAL HOUSING PORFOLIO OF 667 AFFORDABLE UNITS.


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Board, Officers & Key Employees

Name (title)Compensation
Maria Vasallo
President
$0
Javier Flores
Vice President
$0
Jennifer Fauth
Treasurer
$0
Pedro Miranda
Clerk
$0
Hector Cruz
Member
$0
Edwin Seda
Member
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Studio Enee Inc
Architect
$355,555
Kenney And Sams Pc
Legal Services
$235,286
Eastern Bank Wealth Management
Investment Manager
$217,066
Dek Associates Consulting
Consultant
$191,425
Davis Square Architects
Architect
$189,527
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$69,920
Membership dues$0
Fundraising events$156,739
Related organizations$0
Government grants $1,132,570
All other contributions, gifts, grants, and similar amounts not included above$5,601,495
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$6,960,724
Total Program Service Revenue$10,878,941
Investment income $1,087,115
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$158,184
Net Income from Fundraising Events -$74,765
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $18,804,010

Peer Organizations

Organization NameAssets
Housing Assistance Corporation
Hyannis, MA
$37,056,441
West Side Federation For Senior Housing Inc
New York, NY
$30,364,532
Eihab Human Services New Jersey Inc
Springfield Gardens, NY
$35,763,989
Nhp Foundation
New York, NY
$48,789,999
East Harlem Pilot Block Housing Development Fund Co Inc
New York, NY
$34,464,799
Champlain Housing Tr
Burlington, VT
$50,180,184
Diego Beekman Mutual Housing Assoc Housing Developmnt Fund Corp
Bronx, NY
$30,092,590
Phipps Houses
New York, NY
$87,375,863
Affordable Housing And Services Collaborative Inc
Braintree, MA
$21,678,364
Neville Communities Home Inc
Cambridge, MA
$17,211,927
Housing Visions Unlimited Inc
Syracuse, NY
$16,572,046
Fairhaven Healthcare Center Inc
Lowell, MA
$11,897,110
Jewish Federation Housing Development Fund Company
Buffalo, NY
$1,951,149
Settlement Housing Fund Inc
New York, NY
$17,891,917
Inquilinos Boricuas En Accion Inc
Boston, MA
$18,804,010
Housing Plus Solutions Inc
Brooklyn, NY
$13,420,964
Phipps Affordable Housing Support Corp
New York, NY
-$749,916
Grand Central District Management Association Inc
New York, NY
$12,729,561
Westbeth Corp Housing Development Fund Company Inc
New York, NY
$10,611,091
Neighborhood Of Affordable Housing Inc
East Boston, MA
$10,832,448
Ndc Housing And Economic Development Corporation
New York, NY
$13,208,840
Milton-Fuller Housing Corporation
Milton, MA
$10,056,705
New Destiny Housing Corporation
New York, NY
$10,789,755
Crotona Park West Housing Development Fund Corporation
New York, NY
$7,561,810
Mercy Haven Inc
islip terrace, NY
$10,225,278

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