Pro Viviendas Iv Inc
- Assets
- $7.7m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- San Juan, PR
- Founding
- 05/1996
- Data as of
- 12/2021
- EIN
- 66-0519281
Organization Overview
Pro Viviendas Iv Inc is located in San Juan, PR. The organization was established in 1996. 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. Pro Viviendas Iv 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 12/2021, Pro Viviendas Iv Inc generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AND PRESERVE AFFORDABLE RENTAL HOUSING FOR MODERATE AND LOW INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AT YEAR END THERE WAS 71% OCCUPANCY RATE WHICH MEANS THAT 189 FAMILIES WERE PROVIDED HOUSING. THE SOCIAL SERVICES OFFICES AT THE PROJECT HANDLED 7 EDUCATIONAL, SOCIAL, HEALTH AND RECREATIONAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Producir Inc Lissette Velez CEO Asset Ma | Officer | 40 | $30,000 |
Frank Ramirez Anglada Secretary/tr | Officer | $0 | |
Edgar Guzman Member | Officer | $0 | |
Carmen Melero Member | Officer | $0 | |
Blanco Enterprises Enrique A Nodars Managing Age | Officer | $0 | |
Katiria Resto Member | Officer | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blanco Enterprises Acctng / Mgt | 12/30/21 | $164,581 |
Professional Security Services Llc Security | 12/30/21 | $116,312 |
Industrial Cleaning Services Asbestos | 12/30/21 | $101,494 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $363,285 |
| 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 | $363,285 |
| Total Program Service Revenue | $1,445,389 |
| Investment income | $5,592 |
| 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 | $1,908,223 |
| 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. | $30,000 |
| Compensation of current officers, directors, key employees. | $30,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $30,461 |
| Payroll taxes | $24,500 |
| Fees for services: Management | $127,323 |
| Fees for services: Legal | $2,126 |
| Fees for services: Accounting | $48,787 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $21,966 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $530,720 |
| Insurance | $126,733 |
| All other expenses | $6,159 |
| Total functional expenses | $1,758,648 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,957 |
| Savings and temporary cash investments | $1,593,568 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $54,799 |
| Net Land, buildings, and equipment | $5,939,166 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,366 |
| Total assets | $7,661,856 |
| Accounts payable and accrued expenses | $161,444 |
| Grants payable | $0 |
| Deferred revenue | $1,528,826 |
| 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 | $28,428 |
| Total liabilities | $1,718,698 |
| Net assets without donor restrictions | $5,943,158 |
| 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 | $7,661,856 |
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 |