MAXCEN HOUSING SOCIETY PUERTO RICO BRANCH INC

Address
220 Calle Manuel Domenech Suite 616
San Juan, PR 00918
Contact
Website: http://www.maxcen.org
Phone: +1 (888) 959-4159
Nonprofit
EIN: 66-0881277
Year formed: 2017

Mission

Offers free online and formal tutoring on housing development and education services and works to create affordable rental and homeownership opportunities and to provide 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.
 2017
Basic features of the organization
Year of formation2017
Subsection code03
PF filing required0
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$8,250.00
Sum of reportable (W2/1099) compensation$8,250.00
Number of employees1
Number of people compensated >$100k0
Number of volunteers22
Number of highly compensated contractors0
Personnel
Decarde, Jean-Maxcene
TitleExecutive Director
Name of key/compensated personJean-Maxcene Decarde
Position of compensated person
Current individual trustee or directorTrue
Average hours per week working for org6
Reportable compensation from org$8,250.00
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 orgs6
Purpose: mission, activities, & accomplishments
Mission or significant activitiesMaxcen 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 to provide 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.
Program service expenses, total$66,927.00
Programs, including revenue & expenses
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.
Program expenses$23,019.00
Grants and allocations made$0.00
Program revenue$24,467.00
Program descriptionMaxcen 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
Program expenses$24,237.00
Grants and allocations made$0.00
Program revenue$26,190.00
Program descriptionMaxcen 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
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.
Program expenses$19,671.00
Grants and allocations made$0.00
Program revenue$22,177.00
Program descriptionMaxcen 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.
Financial data
Revenue
Total revenue$72,834.00
Revenue from contributions (total)$72,834.00
Revenue from noncash contributions$0.00
Investment income, current yr$0.00
Total revenue from grants, etc., current yr$72,834.00
Total unrelated business revenue$0.00
Other revenue, current yr$0.00
Net unrelated business taxable revenue$0.00
Program service revenue (total)$0.00
Gross receipts$72,834.00
Sources of contributions
Revenue from federated campaigns$0.00
Contributions revenue from membership dues$16,942.00
Revenue from fundraising events$0.00
Contributions from related organizations$0.00
Revenue from gov't grants$0.00
Revenue from all other contributions$55,892.00
Other types of revenue
Miscellaneous revenue (total)$0.00
Expense categories (totals)
Total functional expenses: sum of all$66,927.00
Total functional expenses: program service $66,927.00
Total functional expenses: management and general$0.00
Total functional expenses: fundraising$0.00
Fees for services
Legal fees (total)$1,743.00
Fundraising service fees (total)$0.00
General management fees (total)$11,198.00
Assets and liabilities
Total assets$72,834.00
Total assets, beginning of year$0.00
Total liabilities$66,927.00
Total liabilities, beginning of year$0.00
Pledges & accounts receivable, net$0.00
Loans & receivables from key persons$47,969.00
Unrestricted net assets, end of yr$5,907.00
Temporarily restricted net assets$0.00
Permanently restricted net assets, end of yr$0.00
Net assets$5,907.00
Net assets, beginning of year$0.00
Intangible assets$0.00
Other assets$0.00
Investments: other securities$0.00
Investments: publicly traded securities$0.00
Cash: non-interest bearing$24,865.00
Investments -- program-related$0.00
Inventories for sale or use$0.00
Other financial variables
Revenue less expenses$5,907.00
Advertising (total)$12,230.00
Savings & temp cash investment$0.00
Accounts receivable, net$0.00
Prepaid expenses & deferred charges$0.00
Accounts payable & accrued expenses$66,927.00
Total net assets or fund balances$5,907.00
Governance and accountability
Number of voting members7
Number of independent voting members0
Cash accountingTrue
Tax year start date2017-01-01
Tax year end date2017-12-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990
Date e-filing submitted2018-07-26
IRS schema version2017v2.0
Filing identifier201820719349300707
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