Maxcen Housing Society Puerto Rico Branch Inc
- Assets
- $97.5k
- Revenue
- $97.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Mayaguez, PR
- Founding
- 07/2017
- Data as of
- 12/2023
- EIN
- 66-0881277
Organization Overview
Maxcen Housing Society Puerto Rico Branch Inc is located in Mayaguez, PR. The organization was established in 2017. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, 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. Maxcen Housing Society Puerto Rico Branch 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 12/2023, Maxcen Housing Society Puerto Rico Branch Inc generated $97.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $91.3k during the year ending 12/2023. While expenses have increased by 4.5% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MAXCEN HOUSING SOCIETY INC., PUERTO RICO BRANCH WORKING IN HOUSING ASSISTANCE TO RECEIVE AND ADMINISTER FUNDS EXCLUSIVELY FOR EDUCATIONAL AND CHARITABLE PURPOSES WITHOUT PECUNIARY PROFIT, EITHER DIRECT OR INDIRECT, TO ITS MEMBERS. MHS OFFERS FREE ONLINE AND FORMAL TUTORING ON HOUSING DEVELOPMENT AND EDUCATION SERVICES AND WORKS TO CREATE AFFORDABLE RENTAL AND HOMEOWNERSHIP OPPORTUNITIES AND PROVIDES PROGRAMMING RELATED TO YOUTH, ADULT FINANCIAL LITERACY AND PEOPLE WITH DISABILITIES, HOME BUYER EDUCATION AND COUNSELLING, AND ENTREPRENEURSHIP AND JOB TRAINING FOR LOW INCOME FAMILIES. MAXCEN HOUSING SOCIETY INC., PUERTO RICO BRANCH FOCUSES ON HELPING LOW INCOME FAMILIES/INDIVIDUALS QUALIFY FOR AND OBTAIN AFFORDABLE MORTGAGE, BUILD ASSETS AND REPAIR SUBSTANDARD HOMES BY PROMOTING AND UNDERTAKING THE DEVELOPMENT AND MAINTENANCE OF AFFORDABLE HOUSING FOR THE BENEFIT OF PERSONS OF LOW INCOME AND PEOPLE WITH DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAXCEN HOUSING SOCIETY INC., PUERTO RICO BRANCH WORKING IN HOUSING ASSISTANCE TO RECEIVE AND ADMINISTER FUNDS EXCLUSIVELY FOR EDUCATIONAL AND CHARITABLE PURPOSES WITHOUT PECUNIARY PROFIT, EITHER DIRECT OR INDIRECT, TO ITS MEMBERS.
MAXCEN HOUSING SOCIETY INC. PUERTO RICO BRANCH PROVIDES A FULL RANGE OF SUPPORT SERVICES, INCLUDING SOCIAL AND RECREATIONAL OPPORTUNITIES, LIFE SKILLS ASSISTANCE, SUPPORT IN ACHIEVING THEIR TREATMENT GOALS, AND SUPPORT IN FINDING AND MAINTAINING EMPLOYMENT AND CONJUNCTION WITH LOCAL, STATE, AND FEDERAL GOVERNMENT AND CIVIC BODIES IN THE COUNTIES OF CENTRAL AND SOUTH OF PUERTO RICO.
MAXCEN HOUSING SOCIETY INC., PUERTO RICO BRANCH FOSTER AND PROMOTE COMMUNITY-WIDE INTEREST AND INVOLVEMENT IN THE PROBLEMS ASSOCIATED WITH THE UNDERDEVELOPMENT OF AFFORDABLE HOUSING, AND TOWARDS THAT GOAL TO SPONSOR AND PARTICIPATE IN PUBLIC SYMPOSIUM, AND BY ANY OTHER MEANS TO COOPERATE WITH, ENCOURAGE AND CONTRIBUTE TO THE EFFORTS OF SUCH PARTIES IN THE ACCOMPLISHMENT OF SUCH PURPOSES. IMPROVED UNDERSTANDING OF THE RELATIONSHIP BETWEEN A RESIDENTIAL EXPOSURE AND ILLNESS OR INJURY OF CHILDREN OR OTHER VULNERABLE POPULATIONS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $19,365 |
| Fundraising events | $8,772 |
| Related organizations | $24,339 |
| Government grants | $12,884 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,114 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $97,474 |
| Total Program Service Revenue | $0 |
| 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 | $97,474 |
| 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 | $5,160 |
| Pension plan accruals and contributions | $18,664 |
| Other employee benefits | $33,155 |
| Payroll taxes | $811 |
| Fees for services: Management | $4,077 |
| Fees for services: Legal | $1,600 |
| Fees for services: Accounting | $1,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,179 |
| Office expenses | $3,254 |
| Information technology | $4,721 |
| Royalties | $713 |
| Occupancy | $6,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,564 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,589 |
| All other expenses | $0 |
| Total functional expenses | $91,287 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,187 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $91,287 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $97,474 |
| Accounts payable and accrued expenses | $91,287 |
| 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 | $0 |
| Total liabilities | $91,287 |
| Net assets without donor restrictions | $6,187 |
| 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 | $97,474 |