PRO VIVIENDAS III INC

Address
PO BOX 10563
SAN JUAN, PR 00922
Contact
Phone: +1 (787) 759-8018
Nonprofit
NTEE: L40 - Low-Cost Temporary Housing
EIN: 66-0519280

Mission

TO PROVIDE AND PRESERVE AFFORDABLE RENTAL HOUSING FOR MODERATE AND LOW INCOME FAMILIES.
 20162015201420122011
Basic features of the organization
Year of formation1995
Subsection code03
PF filing required0    
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Sum of reportable (W2/1099) compensation$30,000.00    
Number of employees0    
Number of highly compensated contractors1    
Personnel
Betancourt, Pedro
TitleMEMBER    
Name of key/compensated personPEDRO BETANCOURT    
Position of compensated person
Current officerTrue    
Average hours per week working for org0.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Average hours per week working for related orgs0.00    
Colon, Maria
TitleMEMBER    
Name of key/compensated personMARIA ESTHER COLON    
Position of compensated person
Current officerTrue    
Average hours per week working for org0.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Average hours per week working for related orgs0.00    
Haigler, Linda
TitleMEMBER    
Name of key/compensated personLINDA HAIGLER    
Position of compensated person
Current officerTrue    
Average hours per week working for org0.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Average hours per week working for related orgs0.00    
Nodars, Blanco
TitleMANAGING AGE    
Name of key/compensated personBLANCO ENTERPRISES - ENRIQUE NODARS    
Position of compensated person
Current officerTrue    
Average hours per week working for org0.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Average hours per week working for related orgs0.00    
Resto, Katiria
TitlePRESIDENT    
Name of key/compensated personKATIRIA RESTO    
Position of compensated person
Current officerTrue    
Average hours per week working for org0.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Average hours per week working for related orgs0.00    
Urrutia, Jose
TitleVICE PRESIDE    
Name of key/compensated personJOSE RIVERA URRUTIA    
Position of compensated person
Current officerTrue    
Average hours per week working for org0.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Average hours per week working for related orgs0.00    
Velez, Producir
TitleCEO ASSET MA    
Name of key/compensated personPRODUCIR INC LISSETTE VELEZ    
Position of compensated person
Current officerTrue    
Average hours per week working for org0.00    
Reportable compensation from org$30,000.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Average hours per week working for related orgs0.00    
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTO PROVIDE AND PRESERVE AFFORDABLE RENTAL HOUSING FOR MODERATE AND LOW INCOME FAMILIES.    
Program service expenses, total$711,707.00    
Programs, including revenue & expenses
AT YEAR END THERE WAS 99% OCCUPANCY RATE WHICH MEANS THAT 119 FAMILIES WERE PROVIDED HOUSING. THE SOCIAL SERVICES OFFICE AT THE PROJECT HANDLED 1 CASE OF DOMESTIC VIOLENCE OR CHILD NEGLECT AND 336 INDIVIDUAL MEETINGS. 7 EDUCATIONAL, SOCIAL AND RECREATIONAL ACTIVITIES WERE HELD.
Program expenses$711,707.00    
Program revenue$991,859.00    
Program descriptionAT YEAR END THERE WAS 99% OCCUPANCY RATE WHICH MEANS THAT 119 FAMILIES WERE PROVIDED HOUSING. THE SOCIAL SERVICES OFFICE AT THE PROJECT HANDLED 1 CASE OF DOMESTIC VIOLENCE OR CHILD NEGLECT AND 336 INDIVIDUAL MEETINGS. 7 EDUCATIONAL, SOCIAL AND RECREATIONAL ACTIVITIES WERE HELD.    
Financial data
Revenue
Total revenue$1,213,936.00    
Revenue from contributions (total)$151,418.00$151,417.00$151,417.00$151,417.00$151,417.00
Investment income, current yr$3,656.00    
Total revenue from grants, etc., current yr$151,418.00    
Total unrelated business revenue$0.00    
Other revenue, current yr$68,693.00    
Program service revenue (total)$990,169.00$991,689.00$992,960.00$999,353.00$967,487.00
Gross receipts$1,213,936.00    
Sources of contributions
Revenue from gov't grants$151,418.00    
Other types of revenue
Miscellaneous revenue (total)$68,693.00    
Income from dividends, interest, and similar investments$3,656.00    
Net rental income $0.00$0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$974,839.00    
Total functional expenses: program service $711,707.00    
Total functional expenses: management and general$263,132.00    
Total functional expenses: fundraising$0.00    
Fees for services
Legal fees (total)$16,031.00    
Fundraising service fees (total)$0.00    
General management fees (total)$77,384.00    
Assets and liabilities
Total assets$4,032,030.00$3,996,504.00$4,067,972.00$3,863,238.00$3,983,778.00
Total assets, beginning of year$3,996,504.00    
Total liabilities$1,467,960.00$1,671,531.00$1,807,890.00$2,097,258.00$2,445,944.00
Total liabilities, beginning of year$1,671,531.00    
Unrestricted net assets, end of yr$2,564,070.00    
Net assets$2,564,070.00    
Net assets, beginning of year$2,324,973.00    
Other liabilities$13,877.00    
Other assets$32,633.00    
Cash: non-interest bearing$181,965.00    
Cash: non-interest bearing, beginning of year$221,652.00    
Other financial variables
Revenue less expenses$239,097.00    
Savings & temp cash investment$1,003,811.00    
Accounts receivable, net$8,920.00    
Prepaid expenses & deferred charges$18,183.00    
Accounts payable & accrued expenses$59,786.00    
Deferred revenue$1,394,297.00    
Total net assets or fund balances$2,564,070.00    
Depreciation, depletion, amortization$227,367.00    
Governance and accountability
Number of voting members7    
Number of independent voting members7    
Financial sheets auditedTrue    
Accrual accountingTrue    
Tax year start date2016-01-01    
Tax year end date2016-12-012015-12-012014-12-012012-12-012011-12-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990    
Date e-filing submitted2017-11-07    
IRS schema version2016v3.0    
Filing identifier201742279349303309    
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