Housing Development C O R P Toa Baja C D
- Assets
- $9.0m
- Revenue
- $25.4k
- Investments
- $10.0k
- Employees
- 0
- Location
- Toa Baja, PR
- Founding
- 07/1997
- Data as of
- 06/2022
- EIN
- 66-0540290
Organization Overview
Housing Development C O R P Toa Baja C D is located in Toa Baja, PR. The organization was established in 1997. 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. Housing Development C O R P Toa Baja C D 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 06/2022, Housing Development C O R P Toa Baja C D generated $25.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (22.7%) each year. All expenses for the organization totaled $273.6k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE THE DEVELOPMENT OR REHABILITATION OF SOCIAL INTEREST HOME/LOW INCOME HOUSING AT THE TOA BAJA MUNICIPALITY.
PROVIDE COUNSELING SERVICES, CONFERENCES AND SEMINARS TO THE ELDERLY RESIDENTS OF THE LOW INCOME HOUSING PROJECT THAT THE ORGANIZATION DEVELOPED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angeles C Correa Iguina Director | 1 | $2,000 | |
Blanca Santiago Gotay Director | 1 | $1,375 | |
Carlos A Lpez Quintana Director | 1 | $2,000 | |
Diana Ramrez Pea Director | 1 | $2,000 | |
Iris J Torres Amezquita Director | 1 | $1,000 | |
Aida M Mejias Pagan Director | 1 | $1,875 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,582 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $25 |
| Total Revenue | $25,369 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $36,000 |
| Other employee salaries and wages | $100,780 |
| Pension plans, employee benefits | $14,400 |
| Interest | $0 |
| Taxes | $12,354 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $61,002 |
| Total operating and administrative expenses | $273,584 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $273,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,273,422 |
| Savings and temporary cash investments | $199,246 |
| Net Accounts receivable | $312,748 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,535 |
| Net Investments - land, buildings, equipment | $703,763 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,531,985 |
| Other assets | $3,040 |
| Total assets | $9,039,739 |
| Accounts payable and accrued expenses | $7,105 |
| Grants payable | $0 |
| Deferred revenue | $17,309 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $6,211,455 |
| Total liabilities | $6,235,869 |