Housing Development C O R P Toa Baja C D
- Assets
- $3.1m
- Revenue
- $148.6k
- Investments
- $10.0k
- Employees
- 0
- Location
- Toa Baja, PR
- Founding
- 07/1997
- Data as of
- 06/2021
- EIN
- 66-0540290
Organization Overview
Housing Development C O R P Toa Baja C D is located in Toa Baja, PR. The organization was established in 1997. 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. Housing Development C O R P Toa Baja C D 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 06/2021, Housing Development C O R P Toa Baja C D generated $148.6k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $361.4k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE THE DEVELOPMENT OR REHABILITATION OF SOCIAL INTEREST HOME/LOW INCOME HOUSING AT THE TOA BAJA MUNICIPALITY.
PROVIDE COUNSELING SERVICES, CONFERENCES AND SEMINARS TO THE ELDERLY RESIDENTS OF THE LOW INCOME HOUSING PROJECT THAT THE ORGANIZATION DEVELOPED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ernesto Ortega Robles Executive Director | 37.5 | $33,600 | |
Oscar Rodriguez Controller/assit Executive Director | 37.5 | $30,585 | |
Diana Ramrez Pea Director | 1 | $2,125 | |
Iris J Torres Amezquita Director | 1 | $2,125 | |
Aida M Mejias Pagan Director | 1 | $2,125 | |
Jess G Santiago Rodrguez Director | 1 | $2,125 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $66,708 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $79,558 |
| Total Revenue | $148,584 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $64,185 |
| Other employee salaries and wages | $82,200 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $32,775 |
| Depreciation | $70,440 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $70,363 |
| Total operating and administrative expenses | $361,357 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $361,357 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $309,271 |
| Savings and temporary cash investments | $210,292 |
| Net Accounts receivable | $316,715 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,975 |
| Net Investments - land, buildings, equipment | $703,763 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,531,986 |
| Other assets | $1,600 |
| Total assets | $3,090,602 |
| Accounts payable and accrued expenses | $26,052 |
| Grants payable | $0 |
| Deferred revenue | $12,465 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $38,517 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Habitat For Humanity International Pr Llc San Juan, PR | $1,664,493 | $9,857,693 |
Lucha Contra El Sida Inc San Juan, PR | $31,705,915 | $9,255,825 |
Habitat For Humanity International San Juan, PR | $8,064,980 | $3,464,629 |
Pro Viviendas Iv Inc San Juan, PR | $7,661,856 | $1,908,223 |
Ponce Neighborhood Housing Services Inc Ponce, PR | $3,300,449 | $1,261,511 |
Corporacion Desarrollo Economico De Salud Y Vivienda Arecibo, PR | $572,469 | $1,294,002 |
Instituto Parr El Desarrollo Socio Economico Y De Vivienca De Pr Inc Mayaguez, PR | $8,600,086 | $916,906 |
Corporacion Para El Desarrollo De La Vivienda De Bayamon Cd Bayamon, PR | $3,126,878 | $716,473 |
Puerto Rico Neighborhood Housing Services Corp San Juan, PR | $2,852,620 | $726,104 |
Corporacion Para El Desarrollo Del Oeste Inc Mayaguez, PR | $4,835,781 | $270,335 |
Hogar Colinas Verdes Inc Hatillo, PR | $470,978 | $736,659 |
Housing Development C O R P Toa Baja C D Toa Baja, PR | $3,090,602 | $148,584 |