Instituto Parr El Desarrollo Socio Economico Y De Vivienca De Pr Inc is located in Mayaguez, 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. As of 12/2022, Instituto Parr El Desarrollo Socio Economico Y DE Vivienca DE PR Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Instituto Parr El Desarrollo Socio Economico Y DE Vivienca DE PR 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, Instituto Parr El Desarrollo Socio Economico Y DE Vivienca DE PR Inc generated $548.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (39.1%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. 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
DEVELOPMENT ACTIVITIES, PROJECTS OF HOUSING AND SOCIOECONOMIC DEVELOPMENT TO ASSIST LOW AND MODERATE INCOME COMUNITIES IN PUERTO RICO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT, CONSTRUCTION AND REHABILITATION OF SOCIAL HOUSING
RENTAL OF SOCIAL HOUSING
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Juan E Sabathie Executive Director | Officer | 40 | $91,000 |
German A Arcelay President | Trustee | 0 | $0 |
Alejandro M Guzman Vicepresident | Trustee | 0 | $0 |
Arleen I Gaztambide Secretary | Trustee | 0 | $0 |
German J Arcelay Treasurer | Trustee | 0 | $0 |
Felix E Lopez Vocal | Trustee | 0 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $52,281 |
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 | $52,281 |
Total Program Service Revenue | $496,091 |
Investment income | $0 |
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 | $548,372 |
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. | $91,000 |
Compensation of current officers, directors, key employees. | $91,000 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $246,052 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $53,617 |
Fees for services: Management | $0 |
Fees for services: Legal | $6,947 |
Fees for services: Accounting | $23,452 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $52,551 |
Advertising and promotion | $26,511 |
Office expenses | $9,908 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $43,499 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $77,167 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $219,178 |
Insurance | $95,222 |
All other expenses | $48,508 |
Total functional expenses | $1,156,907 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,249,929 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $65,398 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $736,780 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $7,341,634 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $60,595 |
Total assets | $9,454,336 |
Accounts payable and accrued expenses | $227,785 |
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 | $2,148,339 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $25,791 |
Total liabilities | $2,401,915 |
Net assets without donor restrictions | $899,202 |
Net assets with donor restrictions | $6,153,219 |
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 | $9,454,336 |