Pro Viviendas Ii Inc
- Assets
- $7.3m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- San Juan, PR
- Founding
- 05/1996
- Data as of
- 12/2022
- EIN
- 66-0519279
Organization Overview
Pro Viviendas Ii Inc is located in San Juan, PR. The organization was established in 1996. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, 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 Ii 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 Ii Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. While expenses have increased by 1.6% 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.
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 235 FAMILIES WERE PROVIDED HOUSING. ALSO, THE SOCIAL SERVICES OFFICE AT THE PROJECT HANDLED SEVERAL EDUCATIONAL, SOCIAL, HEALTH AND RECREATIONAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katiria Resto Member | Officer | $0 | |
Jose A Rivera Urrutia Member | Officer | $0 | |
Carmen Melero President | Officer | $0 | |
Frank Ramirez Anglada Secretary/tr | Officer | $0 | |
Edgar Guzman Member | Officer | $0 | |
Blanco Enterprises Inc Managing Age | Officer | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blanco Enterprises Accounting/mgmt | 12/30/22 | $420,435 |
Analytical Environmental Services Asbestos Remova | 12/30/22 | $104,969 |
Innovative Cleaning Services Inc Cleaning | 12/30/22 | $140,857 |
Industrial Central Services Asbestos Remova | 12/30/22 | $210,524 |
Professional Security Services Llc Security | 12/30/22 | $229,247 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $420,348 |
| 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 | $420,348 |
| Total Program Service Revenue | $1,324,698 |
| Investment income | $3,887 |
| 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 | $1,943,917 |
| 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 | $19,542 |
| Payroll taxes | $21,287 |
| Fees for services: Management | $135,005 |
| Fees for services: Legal | $778 |
| Fees for services: Accounting | $50,104 |
| 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 | $20,328 |
| 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 | $3,500 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $682,518 |
| Insurance | $124,824 |
| All other expenses | $17,313 |
| Total functional expenses | $1,951,197 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,238 |
| Savings and temporary cash investments | $1,664,769 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,628 |
| 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 | $5,299,343 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $218,454 |
| Total assets | $7,321,913 |
| Accounts payable and accrued expenses | $283,951 |
| Grants payable | $0 |
| Deferred revenue | $1,348,499 |
| 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 | $2,241,462 |
| Total liabilities | $3,873,912 |
| Net assets without donor restrictions | $3,448,001 |
| 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 | $7,321,913 |