Fundacion De Desarrollo Comunal De P R Inc
- Assets
- $4.6m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 40
- Location
- Caguas, PR
- Founding
- 12/1986
- Data as of
- 06/2023
- EIN
- 66-0264286
Organization Overview
Fundacion De Desarrollo Comunal De P R Inc is located in Caguas, PR. The organization was established in 1986. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 06/2023, Fundacion DE Desarrollo Comunal DE P R Inc employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fundacion DE Desarrollo Comunal DE P R 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 06/2023, Fundacion DE Desarrollo Comunal DE P R Inc generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 20.0% each year . All expenses for the organization totaled $1.8m during the year ending 06/2023. While expenses have increased by 12.5% per year over the past 3 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE ARE COMMITTED AND DEDICATED TO THE FOUNDATION, MOBILIZATION, TRANSFORMATION AND EMPOWERMENT OF PEOPLE WITH SPECIAL NEEDS SUCH AS WOMEN SURVIVAL OF DOMESTIC VIOLENCE, HOMELESS, HIV/AIDS PATIENTS, SENIOR ADULTS, CHILDREN, YOUTH AND FAMILIES AT HIGH RISK. OUR PREVENTION, INTERVENTION AND REHABILITATION STRATEGIES, TOGETHER WITH ECONOMIC DEVELOPMENT, SOCIAL HOUSING AND COMPREHENSIVE SERVICES, ARE AIMED AT RESULTS OF EXCELLENCE THAT GENERATE CONFIDENCE, HOPE AND SELF IMPROVEMENT AMONG THE POPULATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HUD EL SALVADOR:
HUD ESG CV:
MINI EMPRESAS:
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carmen Matos Director | Officer | 40 | $77,400 |
Jorgue Figueroa Ortiz President | Officer | 2 | $0 |
Jose Ayala Medina Treasure | Officer | 2 | $0 |
Carmen M Baez Rivera Secretary | Officer | 2 | $0 |
Luis G Molina Casanova VP | Officer | 2 | $0 |
Adelincy C Grace Vazquez Vocal | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $40,613 |
| All other contributions, gifts, grants, and similar amounts not included above | $123,812 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $164,425 |
| Total Program Service Revenue | $1,558,273 |
| Investment income | $573 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,723,271 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $680,489 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $421,430 |
| Advertising and promotion | $648 |
| Office expenses | $10,182 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,343 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $350,125 |
| Insurance | $41,969 |
| All other expenses | $0 |
| Total functional expenses | $1,783,696 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $787,039 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,821,855 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,350 |
| Total assets | $4,610,244 |
| Accounts payable and accrued expenses | $145,816 |
| Grants payable | $0 |
| Deferred revenue | $744,082 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $889,898 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $3,720,346 |
| Total liabilities and net assets/fund balances | $4,610,244 |