Pro Viviendas I Inc
- Assets
- $8.6m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- San Juan, PR
- Founding
- Data as of
- 12/2022
- EIN
- 66-0519278
Organization Overview
Pro Viviendas I Inc is located in San Juan, PR. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pro Viviendas I 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, Pro Viviendas I Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $1.9m during the year ending 12/2022. While expenses have increased by 5.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AND PRESERVE AFFORDABLE RENTAL HOUSING FOR MODERATE AND LOW INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AT YEAR END THERE WAS AN 89% OCCUPANCY RATE, WHICH MEANS THAT 236 FAMILIES WERE PROVIDED HOUSING. ALSO, THE SOCIAL SERVICES OFFICE AT THE PROJECT HANDLED SEVERAL EDUCATIONAL, SOCIAL, HEALTH AND RECREATIONAL ACTIVITIES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carmen Melero President | Officer | $0 | |
Edgar Guzman Member | Officer | $0 | |
Jose Rivera Urrutia Member | Officer | $0 | |
Blanco Enterprises Inc Enrique Noda Managing Age | Officer | $0 | |
Producir Inc Lissette Velez Ceo, Asset M | Officer | 40 | $30,000 |
Katiria Resto Member | Officer | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jc Builders Constructions | 12/30/22 | $379,302 |
Blanco Enterprises Inc Accounting/mgmt | 12/30/22 | $590,105 |
Professional Security Services Llc Security Servic | 12/30/22 | $338,743 |
Industrial Central Service Asbestos Remove | 12/30/22 | $237,599 |
Innovative Cleaning Services Cleaning Servic | 12/30/22 | $192,483 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $416,220 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $416,220 |
| Total Program Service Revenue | $1,325,416 |
| Investment income | $2,301 |
| 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 | $1,903,470 |
| 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. | $30,000 |
| Compensation of current officers, directors, key employees. | $30,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,265 |
| Payroll taxes | $21,751 |
| Fees for services: Management | $138,737 |
| Fees for services: Legal | $471 |
| Fees for services: Accounting | $50,322 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $20,748 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $586,105 |
| Insurance | $124,824 |
| All other expenses | $26,937 |
| Total functional expenses | $1,914,056 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,612 |
| Savings and temporary cash investments | $930,398 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,941 |
| 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 | $58,481 |
| Net Land, buildings, and equipment | $7,436,104 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $70,016 |
| Total assets | $8,553,552 |
| Accounts payable and accrued expenses | $241,744 |
| Grants payable | $0 |
| Deferred revenue | $1,335,348 |
| 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 | $2,079,609 |
| Total liabilities | $3,656,701 |
| Net assets without donor restrictions | $4,896,851 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $8,553,552 |