Estancias Del Angel Presbiteriana Inc
- Assets
- $8.1m
- Revenue
- $710.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Mayaguez, PR
- Founding
- 06/2005
- Data as of
- 03/2022
- EIN
- 66-0644042
Organization Overview
Estancias Del Angel Presbiteriana Inc is located in Mayaguez, PR. The organization was established in 2005. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, 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. Estancias Del Angel Presbiteriana 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 03/2022, Estancias Del Angel Presbiteriana Inc generated $710.0k 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 $960.6k during the year ending 03/2022. While expenses have increased by 2.0% 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
THE CORPORATION OWNS AND OPERATES A HOUSING PROJECT FOR THE ELDERLY AND/OR PHYSICALLY IMPAIRED FAMILIES LOCATED IN HORMIGUEROS, PUERTO RICO. THE PROJECT RECEIVED HUD ASSISTANCE PAYMENTS UNDER SECTION 202 (PRAC).
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Luis A Cruz-Martin Vice-President | Trustee | 8 | $0 |
Eduardo A Miranda President | Trustee | 8 | $0 |
Rafael Montalvo-Seda Treasurer | Trustee | 8 | $0 |
Migdalia Arvelo-Martell Secretary | Trustee | 8 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $687,429 |
| Investment income | $357 |
| 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 | $709,953 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $93,467 |
| Pension plan accruals and contributions | $11,552 |
| Other employee benefits | $0 |
| Payroll taxes | $15,410 |
| Fees for services: Management | $64,898 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,792 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,480 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $258 |
| 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 | $316,149 |
| Insurance | $73,430 |
| All other expenses | $146,725 |
| Total functional expenses | $960,555 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $308,630 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $140 |
| 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 | $38,673 |
| Net Land, buildings, and equipment | $7,789,657 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,137,100 |
| Accounts payable and accrued expenses | $139,627 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $20,880 |
| Total liabilities | $160,507 |
| Net assets without donor restrictions | $7,976,593 |
| 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 | $8,137,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Estancias Del Angel Presbiteriana Inc Mayaguez, PR | $8,137,100 | $709,953 |
Altergarten Las Teresas Ii Inc San Juan, PR | $1,948,969 | $848,396 |
Altergarten Las Teresas Inc I San Juan, PR | $979,754 | $688,396 |
Ryder Home For The Elderly Inc Humacao, PR | $1,091,284 | $786,647 |
Casa Dorada Inc Ponce, PR | $3,321,564 | $417,179 |
Brisas De Ceiba Corp Ceiba, PR | $2,002,414 | $439,994 |
Egida Ryder Inc Humacao, PR | $1,215,376 | $466,945 |
Hogar De Envejecientes Irma Fe Pol Mendez Lares, PR | $713,297 | $401,138 |
Ryder Assisted Care Inc Humacao, PR | $1,811,201 | $406,003 |
Ryder Village Ii Inc Humacao, PR | $2,077,782 | $319,540 |
Corporacion Para El Desarrollo Economico De Trujillo Alto Trujillo Alto, PR | $3,370,858 | $157,486 |
Ryder Assisted Care Number Ii Inc Humacao, PR | $1,347,897 | $242,109 |