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 12/2021, Inquilinos Boricuas En Accion Inc employed 34 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 12/2021, Inquilinos Boricuas En Accion Inc generated $16.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $11.7m during the year ending 12/2021. While expenses have increased by 13.3% per year over the past 7 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

2021

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
Vanessa Calderon-Rosado
Chief Executive Officer
$208,750
Mayra Negron-Roche
Chief Operating Officer
$185,122
Rafael Perez Medina
Chief Program Officer
$127,386
Javier Flores
Vice President
$0
Jennifer Fauth
Treasurer
$0
Maria Vasallo
President
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Moira Studio
Advertising Consultant
$106,922
Three-kay Consulting Llc
Accounting/finance Consultant
$113,625
Three-kay Consulting Llc
Accounting/finance Consultant
$113,625
Moira Studio
Advertising Consultant
$106,922
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$69,920
Membership dues$0
Fundraising events$109,601
Related organizations$0
Government grants $859,111
All other contributions, gifts, grants, and similar amounts not included above$2,983,681
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$4,022,313
Total Program Service Revenue$9,440,732
Investment income $1,217,095
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,204,488
Net Income from Fundraising Events -$27,994
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $16,934,744

Grants Recieved

Over the last fiscal year, we have identified 16 grants that Inquilinos Boricuas En Accion Inc has recieved totaling $494,108.

Awarding OrganizationAmount
Barr Foundation

Boston, MA

PURPOSE: SPECIAL INITIATIVES: TO PROVIDE GENERAL OPERATING SUPPORT

$100,000
Liberty Mutual Foundation Inc

Boston, MA

PURPOSE: COVID-19 PHASE II RESPONSE (2021) - LEARNING LOSS

$100,000
Yawkey Foundation Ii

Dedham, MA

PURPOSE: WRAPAROUND BASIC NEEDS (FOOD, HOUSING) FOR UNDERSERVED INDIVIDUALS

$50,000
Nord Family Foundation

Amherst, OH

PURPOSE: CONTINUED GENERAL OPERATING SUPPORT

$50,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$50,000
Eastern Bank Charitable Foundation

Lynn, MA

PURPOSE: EXEMPT PURPOSE

$40,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$45,675,189
Earnings$6,962,364
Net Contributions$5,947,337
Ending Balance$58,584,890

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