Fondo De Inversion Comunitaria
- Assets
- $0.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- San Juan, PR
- Founding
- Data as of
- 12/2022
- EIN
- 66-0971204
Organization Overview
Fondo De Inversion Comunitaria is located in San Juan, PR. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fondo DE Inversion Comunitaria is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE PURPOSES FOR WHICH THE CORPORATION IS FORMED ARE TO RECEIVE, MAINTAIN, AND ADMINISTER ASSETS EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES TO ENHANCE THE ECONOMIC, ENTREPRENEURIAL, AND CULTURAL WELL-BEING OF THE PEOPLE OF PUERTO RICO. BY: (I) ADMINISTERING, MANAGING, AND IMPLEMENTING AN INVESTMENT FUND TO PROVIDE ACCESS TO CAPITAL AND TECHNICAL ASSISTANCE TO NONPROFIT CORPORATIONS AND BUSINESSES THAT PROMOTES ECONOMIC AND SOCIAL DEVELOPMENT IN THE COMMUNITIES THEY SERVE; (II) STIMULATING AND FOSTERING COMMUNITY ECONOMIC AND SOCIAL DEVELOPMENT IN PUERTO RICO; A. ESTABLISH A CAPITAL FLOW TO CREATE JOBS AND BUILD ASSETS AT A GRASS ROOT LEVEL; B. PROVIDE A FINANCIAL INSTRUMENT TO ACCESS CAPITAL FOR NONPROFIT CORPORATIONS WORKING IN UNDERSERVED COMMUNITIES; C. OFFER A FINANCIAL INSTRUMENT THAT CONTRIBUTES TO THE CREATION OF NEW BUSINESSES IN THE COMMUNITY (MICRO-BUSINESSES, SMALL BUSINESSES); D. PROVIDE A FINANCIAL INSTRUMENT TO COVER AFFORDABLE HOUSING REHABILITATION, PRE-DEVELOPMENT, AND DEVELOPMENT COSTS; AND E. SERVE AS A TOOL FOR FINANCIAL INCLUSION TO SUPPORT COMMUNITY ECONOMIC AND SOCIAL DEVELOPMENT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Antonio Escudero President | 1 | $0 | |
Desiree Mieses Vice President | 1 | $0 | |
Miguel L Vargas Secretary / Treasurer | 1 | $0 | |
Nelson I Colon Director | 1 | $0 | |
Alfredo Salazar Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $0 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $0 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Total liabilities | $0 |
| Net assets or fund balances | $0 |