Instituto Parr El Desarrollo Socio Economico Y De Vivienca De Pr Inc
- Assets
- $9.5m
- Revenue
- $548.4k
- Investments
- $0.0
- Employees
- 21
- Location
- Mayaguez, PR
- Founding
- Data as of
- 12/2022
- EIN
- 66-0658219
Organization Overview
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
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Board, Officers & Key Employees
| 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 |
Financial Statements
| 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 |