Ponce Neighborhood Housing Services Inc
- Assets
- $3.3m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 38
- Location
- Ponce, PR
- Founding
- 12/1994
- Data as of
- 09/2023
- EIN
- 66-0501718
Organization Overview
Ponce Neighborhood Housing Services Inc is located in Ponce, PR. The organization was established in 1994. 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 09/2023, Ponce Neighborhood Housing Services Inc employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ponce Neighborhood Housing Services 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 09/2023, Ponce Neighborhood Housing Services Inc generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 26.6% each year . All expenses for the organization totaled $2.7m during the year ending 09/2023. 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
FACILITATE THE ACQUISITION AND REHABILITATION OF HOUSING FOR PEOPLE OF LOW AND MODERATE INCOME IN THE SOUTH OF PR. PROVIDE FORECLOSURE EDUCATION, COUNSELING, LOSS MITIGATION, AND FINANCIAL EMPOWERMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING COUNSELING FOR FIRST TIME HOMEBUYERS, CREDIT COUNSELING, FINANCIAL SUPPORT AND COUNSELING FORECLOSURE PREVENTION AND INTERVENTION, SOCIO ECONOMIC COMMUNITY BUILDING AND ENGAGEMENT COMMUNITIES' REHABILITATION AND REVITALIZATION, LOAN SERVICING AND LOAN PRODUCT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Colon Rivera Executive Director | Trustee | 40 | $176,704 |
Brian Santiago Velez Personnel Management Manager | Officer | 40 | $51,894 |
Catherine Cartagena Sanchez CFO | Officer | 40 | $144,516 |
Jailene Gutierrez Rojas Finance & Accounting Supervisor | Officer | 40 | $49,834 |
Mari Quiros Board Of Director | Officer | 3 | $0 |
Samuel Borreli Board Of Director | Officer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,345,190 |
| Noncash contributions included in lines 1a–1f | $86,424 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,345,190 |
| Total Program Service Revenue | $96,083 |
| Investment income | $0 |
| 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 | $2,441,273 |
| 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. | $321,913 |
| Compensation of current officers, directors, key employees. | $59,896 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,131,461 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $137,509 |
| Fees for services: Management | $221,368 |
| Fees for services: Legal | $12,962 |
| Fees for services: Accounting | $18,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $19,196 |
| Office expenses | $17,614 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $31,070 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $154,478 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,455 |
| Insurance | $52,198 |
| All other expenses | $15,375 |
| Total functional expenses | $2,738,902 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $688,038 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,000,703 |
| 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 | $310,037 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $259,484 |
| Total assets | $3,258,262 |
| Accounts payable and accrued expenses | $82,531 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $39,247 |
| 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 | $121,778 |
| Net assets without donor restrictions | $2,575,193 |
| Net assets with donor restrictions | $561,291 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $3,258,262 |