Pro Viviendas Iv Inc
- Assets
- $7.3m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- San Juan, PR
- Founding
- 05/1996
- Data as of
- 12/2022
- EIN
- 66-0519281
Organization Overview
Pro Viviendas Iv Inc is located in San Juan, PR. The organization was established in 1996. 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 Iv 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 Iv Inc generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 7 years. 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 A 73% OCCUPANCY RATE, WHICH MEANS THAT 194 FAMILIES WERE PROVIDED HOUSING. ALSO, THE SOCIAL SERVICES OFFICES AT THE PROJECT HANDLED SEVERAL EDUCATIONAL, SOCIAL, HEALTH AND RECREATIONAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Producir Inc Lissette Velez CEO Asset Ma | Officer | 40 | $30,000 |
Frank Ramirez Anglada Secretary/tr | Officer | $0 | |
Edgar Guzman Member | Officer | $0 | |
Carmen Melero Member | Officer | $0 | |
Blanco Enterprises Enrique A Nodars Managing Age | Officer | $0 | |
Katiria Resto Member | Officer | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Air Master Awning Construction | 12/30/22 | $144,981 |
Blanco Enterprises Acctng / Mgt | 12/30/22 | $156,011 |
Capitol Security Security | 12/30/22 | $103,296 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $363,285 |
| 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 | $363,285 |
| Total Program Service Revenue | $1,408,084 |
| Investment income | $2,855 |
| 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 | $1,835,874 |
| 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 | $30,665 |
| Payroll taxes | $26,456 |
| Fees for services: Management | $120,987 |
| Fees for services: Legal | $129 |
| Fees for services: Accounting | $50,434 |
| 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 | $15,741 |
| 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 | $644,614 |
| Insurance | $124,706 |
| All other expenses | $16,806 |
| Total functional expenses | $1,855,507 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,745 |
| Savings and temporary cash investments | $471,978 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,276 |
| 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 | $6,718,879 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,647 |
| Total assets | $7,307,006 |
| Accounts payable and accrued expenses | $186,803 |
| Grants payable | $0 |
| Deferred revenue | $1,165,541 |
| 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 | $31,137 |
| Total liabilities | $1,383,481 |
| Net assets without donor restrictions | $5,923,525 |
| 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 | $7,307,006 |