INQUILINOS BORICUAS EN ACCION INC: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
INQUILINOS BORICUAS EN ACCION INC (EIN 23-7090081)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-05-02
IRS object ID
202501229349300215
Schema version
2024v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-05-02T07:53:55-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN042571780PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1AAFCPAS INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line150 WASHINGTON STREETAddressLine1Txt
CityWESTBOROUGHCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01581ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN237090081EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1INQUILINOS BORICUAS EN ACCION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlINQUBusinessNameControlTxt
Phone6179271707PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12 SAN JUAN STREETAddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02118ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonVANESSA CALDERON-ROSADOPersonNm
Person TitleCHIEF EXECUTIVE OFFICERPersonTitleTxt
Phone6179271707PhoneNum
Signature2025-05-01SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMATTHEW HUTT CPAPreparerPersonNm
PTINP01070603PTIN
Phone5083669100PhoneNum
Preparation2025-05-01PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerVANESSA CALDERON-ROSADOPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line12 SAN JUAN STREETAddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02118ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$43,020,588GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.IBABOSTON.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1968FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionINQUILINOS BORICUAS EN ACCION (IBA) EMPOWERS AND ENGAGES INDIVIDUALS AND FAMILIES TO IMPROVE THEIR LIVES THROUGH HIGH-QUALITY AFFORDABLE HOUSING, EDUCATION AND ARTS PROGRAMS.ActivityOrMissionDesc
Voting Members Governing Body16VotingMembersGoverningBodyCnt
Voting Members Independent16VotingMembersIndependentCnt
Total Employee55TotalEmployeeCnt
Total Volunteers17TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$3,391,150PYContributionsGrantsAmt
CY Contributions Grants$7,728,747CYContributionsGrantsAmt
PY Program Service Revenue$13,991,503PYProgramServiceRevenueAmt
CY Program Service Revenue$19,642,420CYProgramServiceRevenueAmt
PY Investment Income$1,856,524PYInvestmentIncomeAmt
CY Investment Income$4,130,554CYInvestmentIncomeAmt
PY Other Revenue$2,641,242PYOtherRevenueAmt
CY Other Revenue$129,206CYOtherRevenueAmt
PY Total Revenue$21,880,419PYTotalRevenueAmt
CY Total Revenue$31,630,927CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$4,902,591PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$6,472,226CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$761,351CYTotalFundraisingExpenseAmt
PY Other Expenses$8,980,476PYOtherExpensesAmt
CY Other Expenses$15,773,891CYOtherExpensesAmt
PY Total Expenses$13,883,067PYTotalExpensesAmt
CY Total Expenses$22,246,117CYTotalExpensesAmt
PY Revenues Less Expenses$7,997,352PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$9,384,810CYRevenuesLessExpensesAmt
Total Assets BOY$177,993,455TotalAssetsBOYAmt
Total Assets EOY$250,278,381TotalAssetsEOYAmt
Total Liabilities BOY$52,201,326TotalLiabilitiesBOYAmt
Total Liabilities EOY$110,835,218TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$125,792,129NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$139,443,163NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionINQUILINOS BORICUAS EN ACCION (IBA) EMPOWERS AND ENGAGES INDIVIDUALS AND FAMILY TO IMPROVE THEIR LIVES THROUGH HIGH-QUALITY AFFORDABLE HOUSING, EDUCATION, AND ARTS PROGRAMS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$14,464,650ExpenseAmt
Revenue$19,086,447RevenueAmt
DescIBA IS A NON-PROFIT OWNER AND DEVELOPER OF AFFORDABLE HOUSING. THE MAIN GOAL IS TO PROVIDE AN AFFORDABLE, SAFE AND HEALTHY ENVIRONMENT THAT PROMOTES THE HIGHEST QUALITY OF LIFE FOR LOW AND MODERATE-INCOME FAMILIES AND ELDERS. IBA ALSO SUPPORT FAMILIES THAT ARE AT RISK OF LOSING THEIR HOMESBY HELPING THEM RETAIN THEIR HOUSING THROUGH DIFFERENT SERVICES THAT INCLUDE: COUNSELING, CASE MANAGEMENT AND ADVOCACY.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$1,827,710ExpenseAmt
Revenue$181,136RevenueAmt
DescEARLY EDUCATION PROGRAM - OUR APPROACH GOES WELL BEYOND TESTING SCORES, IT FOCUSES ON SKILLS DEVELOPMENT, SUCH AS INCLUSION, ADAPTABILITY, CREATIVITY, CRITICAL THINKING AND INDEPENDENCE. OUR DEDICATED TEACHERS AND STAFF NURTURE EACH CHILD'S CREATIVITY AND INDIVIDUALITY, RECOGNIZING THESE SKILLS TO BE JUST AS IMPORTANT AS THE ACADEMIC SKILLS THEY NEED TO SUCCEED. ALL OF OUR STUDENTS GRADUATE PREPARED FOR KINDERGARTEN - THEY LEAVE US READY TO READ, WITH STRENGTHENED BILINGUAL SKILLS, AND WITH THE KNOWLEDGE THAT WILL SERVE THEM TO BECOME VALUED MEMBERS OF THEIR SOCIETY. OUR PROGRAM FOCUSES ON 5 CORE VALUES TO EDUCATE YOUR CHILD FOR FUTURE SUCCESS;SOCIO-EMOTIONAL SKILLS, LITERACY SKILLS, LEARNING SKILLS, COGNITIVE DEVELOPMENT, AND FINE AND GROSS MOTOR DEVELOPMENT.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$1,361,798ExpenseAmt
Revenue$504,154RevenueAmt
DescREAL ESTATE MANAGEMENT - NON-PROFIT OWNER AND DEVELOPER OF AFFORDABLE HOUSING. THE MAIN GOAL IS TO PROVIDE AN AFFORDABLE, SAFE AND HEALTHY ENVIRONMENT THAT PROMOTES THE HIGHEST QUALITY OF LIFE FOR LOW AND MODERATE-INCOME FAMILIES AND ELDERS. IBA OWNS A RENTAL HOUSING PORFOLIO OF 667 AFFORDABLE UNITS.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp (5 entries)

ExpenseExpenseAmtRevenueRevenueAmtDescDesc
$341,555$114,280ARTS - THE LARGEST LATINO ARTS CENTER IN NEW ENGLAND, IBA PRESENTS CONCERTS, FESTIVALS, EXHIBITS AND OTHER HIGH QUALITY PROGRAMMING THAT IS AFFORDABLE ACCESSIBLE, AND INNOVATIVE.
$895,947YOUTH DEVELOPMENT PROGRAM FOSTERS SOCIO-EMOTIONAL, INTELLECTUAL AND ARTISTIC GROWTH IN YOUNG PEOPLE BETWEEN 14 AND 19 YEARS OLD, WHILE HELPING THEM DEVELOP 21ST CENTURY SKILLS TO BE SUCCESSFUL IN LIFE.
$708,527RESIDENT SERVICES PROGRAM WORKS TO EMPOWER RESIDENTS OF THE VILLA VICTORIA AFFORDABLE HOUSING COMMUNITY WITH A PARTICULAR FOCUS ON THE COMMUNITY'S SENIORS, WE PROMOTE LIVING AN A MORE ACTIVE AND FULFILLING LIFE. USING A CULTURALLY RESPONSIVE APPROACH, OUR CARING AND BILINGUAL TEAM HELPS RESIDENTS:MEET BASIC NEEDS THROUGH ADVOCACY, CASE MANAGEMENT AND REFERRALS. KEEP ACTIVE AND CONNECTED TO THE COMMUNITY THROUGH SOCIAL, RECREATIONAL, AND CULTURAL PROGRAMMING. BOOST HEALTH AND WELLNESS THROUGH FITNESS/EXERCISE CLASSES, WORKSHOPS AND HEALTH SCREENINGS.
$393,720FINANCIAL EMPOWERMENT PROGRAM IS AN INNOVATIVE EDUCATIONAL DEVELOPMENT AND FINANCIAL EMPOWERMENT PARTNERSHIP WITH BUNKER HILL COMMUNITY COLLEGE. SERVING AS A MINI-SATELLITE CAMPUS OF BUNKER HILL COMMUNITY COLLEGE, IBA OFFERS A UNIQUE MODEL OF A COLLEGE CAMPUS IN THE HEART OF AN AFFORDABLE HOUSING COMMUNITY.
$31,098REAL ESTATE DEVELOPMENT
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$2,370,847TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Revenue$114,280TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$20,025,005TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt BondsYes (1)TaxExemptBondsInd
Invest Tax Exempt Bonds0InvestTaxExemptBondsInd
Escrow Account0EscrowAccountInd
On Behalf Of Issuer0OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded EntityYes (1)DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (1)TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document138IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee55EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members16GoverningBodyVotingMembersCnt
Independent Voting Member16IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MAYRA NEGRON-ROCHEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6179271767PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12 SAN JUAN STREETAddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02118ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (24 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
MARIA VASALLO
PRESIDENT0.200.40Yes (X)Yes (X)$0$0$0
JAVIER FLORES
VICE PRESIDENT0.200.40Yes (X)Yes (X)$0$0$0
JENNIFER FAUTH
TREASURER0.200.40Yes (X)Yes (X)$0$0$0
PEDRO MIRANDA
CLERK (UNTIL 2024)0.200.45Yes (X)Yes (X)$0$0$0
HECTOR CRUZ
MEMBER0.200.40Yes (X)$0$0$0
VADIM KUKSIN
MEMBER0.200.40Yes (X)$0$0$0
WENDY MELENDEZ
MEMBER0.200.40Yes (X)$0$0$0
ROBERT GOLDSTEIN
MEMBER0.200.45Yes (X)$0$0$0
HECTOR COLON
MEMBER0.200.40Yes (X)$0$0$0
REINELDA RIVERA
MEMBER0.200.40Yes (X)$0$0$0
PATRICK GREENE
MEMBER0.200.40Yes (X)$0$0$0
JOSE FERNANDEZ
MEMBER0.200.40Yes (X)$0$0$0
SHARON BONET
MEMBER0.200.40Yes (X)$0$0$0
DIVYA MANI
MEMBER0.200.40Yes (X)$0$0$0
CINDY WILLIAMS
MEMBER0.200.40Yes (X)$0$0$0
MIGUEL VASQUEZ
MEMBER0.200.40Yes (X)$0$0$0
LAURIE GOULD
MEMBER0.200.45Yes (X)$0$0$0
VANESSA CALDERON-ROSADO
CHIEF EXECUTIVE OFFICER34.400.60Yes (X)$319,833$0$51,113
MAYRA NEGRON-ROCHE
CHIEF OPERATING OFFICER34.400.60Yes (X)$273,230$0$51,287
RAFAEL PEREZ MEDINA
CHIEF PROGRAM OFFICER35.00$177,369$0$32,704Yes (X)
TARA MCCABE
CHIEF DEVELOPMENT OFFICER35.00$157,627$0$5,743Yes (X)
XAVIER CHAVARRIA
CHIEF HUMAN RESOURCES OFFICER35.00$137,229$0$13,000Yes (X)
JASON DULONG
FACILITIES DIRECTOR35.00$127,141$0$12,784Yes (X)
YAHAIRA OBJIO
RESIDENT SERVICES PROGRAM DIRECTOR35.00$109,729$0$21,747Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,302,158TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$188,378TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K7IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
ERISE BUILDERS INC
58 MCDONALD STREETBOSTONMA02118GENERAL CONTRACTOR$1,329,849
DAVIS SQUARE ARCHITECTS
240A ELM STREETSOMERVILLEMA02144ARCHITECT$719,017
CAMBRIDGE TRUST WEALTH MANAGEMENT
125 HIGH STREET 9TH FLOORBOSTONMA02110INVESTMENT MANAGER$275,009
THE CASTLE GROUP INC
38 THIRD AVENUECHARLESTOWNMA02129MARKETING CONSULTANT$203,920
THREE-KAY CONSULTING LLC
1266 FURNACE BROOK PARKWAY SUITE 4QUINCYMA02169FINANCIAL CONSULTANT$174,118
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K7CntrctRcvdGreaterThan100KCnt
Federated Campaigns$87,500FederatedCampaignsAmt
Fundraising$116,995FundraisingAmt
Government Grants$1,755,851GovernmentGrantsAmt
All Other Contributions$5,768,401AllOtherContributionsAmt
Total Contributions$7,728,747TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
RENTAL INCOME531390$19,086,447$19,086,447
PARTNERSHIP AND INCENTIVE MANAGEM531390$196,851$196,851
PARENT AND OTHER FEES624100$181,136$181,136
GROUND LEASE FEES531390$177,986$177,986
FieldValueIRS element (for citing)
Total Program Service Revenue$19,642,420TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,383,745TotalRevenueColumnAmt
Exclusion$2,383,745ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$13,022,079SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$11,275,270SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$1,746,809SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,746,809TotalRevenueColumnAmt
Exclusion$1,746,809ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$0FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$116,995ContriRptFundraisingEventAmt
Fundraising Direct Expenses$114,391FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$114,391TotalRevenueColumnAmt
Exclusion-$114,391ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
DEFERRED INTEREST900099$129,317$129,317
OTHER INCOME531390$114,280$114,280
FieldValueIRS element (for citing)
Other Revenue Total$243,597OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$31,630,927TotalRevenueColumnAmt
Related Or Exempt Func Income$19,886,017RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$4,016,163ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$695,463TotalAmt
Program Services$317,577ProgramServicesAmt
Management And General$155,318ManagementAndGeneralAmt
Fundraising$222,568FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$4,361,781TotalAmt
Program Services$3,513,742ProgramServicesAmt
Management And General$528,943ManagementAndGeneralAmt
Fundraising$319,096FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$97,901TotalAmt
Program Services$72,286ProgramServicesAmt
Management And General$16,355ManagementAndGeneralAmt
Fundraising$9,260FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$923,013TotalAmt
Program Services$682,911ProgramServicesAmt
Management And General$182,340ManagementAndGeneralAmt
Fundraising$57,762FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$394,068TotalAmt
Program Services$311,094ProgramServicesAmt
Management And General$50,358ManagementAndGeneralAmt
Fundraising$32,616FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$485,854TotalAmt
Program Services$485,854ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$44,225TotalAmt
Program Services$39,377ProgramServicesAmt
Management And General$4,848ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$142,357TotalAmt
Program Services$59,957ProgramServicesAmt
Management And General$82,400ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$884,920TotalAmt
Program Services$672,430ProgramServicesAmt
Management And General$135,600ManagementAndGeneralAmt
Fundraising$76,890FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$241,898TotalAmt
Program Services$219,371ProgramServicesAmt
Management And General$21,972ManagementAndGeneralAmt
Fundraising$555FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$161,461TotalAmt
Program Services$134,302ProgramServicesAmt
Management And General$18,910ManagementAndGeneralAmt
Fundraising$8,249FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$8,905,819TotalAmt
Program Services$8,877,729ProgramServicesAmt
Management And General$17,899ManagementAndGeneralAmt
Fundraising$10,191FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$37,803TotalAmt
Program Services$24,089ProgramServicesAmt
Management And General$10,920ManagementAndGeneralAmt
Fundraising$2,794FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$4,074,374TotalAmt
Program Services$4,054,273ProgramServicesAmt
Management And General$20,101ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
MISCELLANEOUS$248,719$79,203$161,142$8,374
STIPENDS$206,163$205,293$870
SECURITY AND RESIDENT S$118,981$117,010$1,971
BAD DEBTS$100,555$100,555

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$120,762TotalAmt
Program Services$57,952ProgramServicesAmt
Management And General$49,814ManagementAndGeneralAmt
Fundraising$12,996FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$22,246,117TotalAmt
Program Services$20,025,005ProgramServicesAmt
Management And General$1,459,761ManagementAndGeneralAmt
Fundraising$761,351FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$262,330BOYAmt
EOY$295,592EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$14,122,887BOYAmt
EOY$17,292,562EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$10,829,578BOYAmt
EOY$12,860,231EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$1,432,309BOYAmt
EOY$15,073,229EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$380,827BOYAmt
EOY$477,658EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$141,429,873LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$41,018,890LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$53,547,266BOYAmt
EOY$100,410,983EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$79,919,225BOYAmt
EOY$95,786,372EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$12,649,144BOYAmt
EOY$2,712,595EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$4,849,889BOYAmt
EOY$5,369,159EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$177,993,455BOYAmt
EOY$250,278,381EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,317,250BOYAmt
EOY$1,821,872EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
EOY$11,804,139EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$50,247,776BOYAmt
EOY$96,799,598EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$636,300BOYAmt
EOY$409,609EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$52,201,326BOYAmt
EOY$110,835,218EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$114,592,770BOYAmt
EOY$123,984,279EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$11,199,359BOYAmt
EOY$15,458,884EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$125,792,129BOYAmt
EOY$139,443,163EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$177,993,455BOYAmt
EOY$250,278,381EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$9,384,810ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$10,283,094NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets-$6,016,870OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,746,930CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$4,022,313CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$6,960,724CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,391,150CurrentTaxYearMinus1YearAmt
Current Tax Year$7,728,747CurrentTaxYearAmt
Total$23,849,864TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,746,930CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$4,022,313CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$6,960,724CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,391,150CurrentTaxYearMinus1YearAmt
Current Tax Year$7,728,747CurrentTaxYearAmt
Total$23,849,864TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$1,582,127SubstantialContributorsTotAmt
Public Support Total170$22,267,737PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$930,641CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,217,095CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,087,115CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,646,101CurrentTaxYearMinus1YearAmt
Current Tax Year$2,383,745CurrentTaxYearAmt
Total$7,264,697TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$2,600,000CurrentTaxYearMinus1YearAmt
Total$2,600,000TotalAmt
FieldValueIRS element (for citing)
Total Support$33,714,561TotalSupportAmt
Gross Receipts Rltd Activities$65,296,376GrossReceiptsRltdActivitiesAmt
Public Support CY1700.66050PublicSupportCY170Pct
Public Support PY1700.66810PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:FormAndLineReferenceDesc
ExplanationSETTLEMENT FROM LAWSUIT - 2023 AMOUNT: $ 2,600,000.ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$66,307,286BeginningYearBalanceAmt
Contributions$2,224,965ContributionsAmt
Investment Earnings Or Losses$11,865,883InvestmentEarningsOrLossesAmt
End Year Balance$80,398,134EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$55,330,653BeginningYearBalanceAmt
Contributions$825,480ContributionsAmt
Investment Earnings Or Losses$10,151,153InvestmentEarningsOrLossesAmt
End Year Balance$66,307,286EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$58,584,890BeginningYearBalanceAmt
Contributions$5,399,999ContributionsAmt
Investment Earnings Or Losses-$8,654,236InvestmentEarningsOrLossesAmt
End Year Balance$55,330,653EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$45,675,189BeginningYearBalanceAmt
Contributions$5,947,337ContributionsAmt
Investment Earnings Or Losses$6,962,364InvestmentEarningsOrLossesAmt
End Year Balance$58,584,890EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$35,250,067BeginningYearBalanceAmt
Contributions$3,718,686ContributionsAmt
Investment Earnings Or Losses$6,706,436InvestmentEarningsOrLossesAmt
End Year Balance$45,675,189EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY1.00000BoardDesignatedBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,432,001OtherCostOrOtherBasisAmt
Book Value$1,432,001BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$133,631,342OtherCostOrOtherBasisAmt
Depreciation$39,902,580DepreciationAmt
Book Value$93,728,762BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$6,366,530OtherCostOrOtherBasisAmt
Depreciation$1,116,310DepreciationAmt
Book Value$5,250,220BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$100,410,983TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (4 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
U.S. TREASURY BONDS$14,255,248F
CASH AND CASH EQUIVALENTS$4,840,159F
FIXED INCOME FUNDS$4,278,746F
EQUITIES$72,412,219F
FieldValueIRS element (for citing)
Total Book Value Securities$95,786,372TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
OPERATING LEASE LIABILITY$159,609
CONDITIONAL GRANT ADVANCE$250,000
FieldValueIRS element (for citing)
Total Liability$409,609TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationIBA AND AFFILIATES ACCOUNT FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE CONSOLIDATING FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. IBA AND AFFILIATES HAVE DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATING FINANCIAL STATEMENTS AT DECEMBER 31, 2024. IBA AND AFFILIATES' INCOME TAXES ARE SUBJECT TO EXAMINATION BY THE APPROPRIATE TAXING JURISDICTIONS.ExplanationTxt

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1FESTIVAL BETANCESEvent1Nm
Gross Receipts Event1$116,995GrossReceiptsEvent1Amt
Charitable Contri Event1$116,995CharitableContriEvent1Amt
Rent Facility Costs Event1$5,476RentFacilityCostsEvent1Amt
Food And Beverage Event1$1,807FoodAndBeverageEvent1Amt
Other Direct Expenses Event1$107,108OtherDirectExpensesEvent1Amt
Gross Receipts Total$116,995GrossReceiptsTotalAmt
Charitable Contributions Tot$116,995CharitableContributionsTotAmt
Rent Fclty Costs Total Events$5,476RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$1,807FoodAndBeverageTotalEventsAmt
Oth Direct Expnss Total Events$107,108OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$114,391DirectExpenseSummaryEventsAmt
Net Income Summary-$114,391NetIncomeSummaryAmt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
VANESSA CALDERON-ROSADO
CHIEF EXECUTIVE OFFICER$319,833$0$0$0$0$0$26,304$0$24,809$0$370,946$0$0$0
MAYRA NEGRON-ROCHE
CHIEF OPERATING OFFICER$273,230$0$0$0$0$0$23,965$0$27,322$0$324,517$0$0$0
RAFAEL PEREZ MEDINA
CHIEF PROGRAM OFFICER$177,369$0$0$0$0$0$9,490$0$23,214$0$210,073$0$0$0
TARA MCCABE
CHIEF DEVELOPMENT OFFICER$157,627$0$0$0$0$0$4,604$0$1,139$0$163,370$0$0$0
XAVIER CHAVARRIA
CHIEF HUMAN RESOURCES OFFICER$137,229$0$0$0$0$0$2,668$0$10,332$0$150,229$0$0$0

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd

Issuer Name IssuerName

FieldValueIRS element (for citing)
Business Name Line1MASSACHUSETTS DEVELOPMENT FINANCE AGENCYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Bond Issuer EIN043431814BondIssuerEIN
Bond Issued2024-03-15BondIssuedDt
Issue Price$12,080,000IssuePriceAmt
PurposeTO FUND THE LOAN RECEIVABLE AS PART OF THE NMTC TRANSACTIONPurposeDesc
Defeased0DefeasedInd
On Behalf Of IssuerYes (1)OnBehalfOfIssuerInd
Pool Financing0PoolFinancingInd

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Total Proceeds$12,080,000TotalProceedsAmt
Capital Expenditures$12,080,000CapitalExpendituresAmt
Refunding Tax Exempt Bonds0RefundingTaxExemptBondsInd
Refunding Taxable Bonds0RefundingTaxableBondsInd
Final Allocation MadeYes (1)FinalAllocationMadeInd
Adequate Books And Rec MaintYes (1)AdequateBooksAndRecMaintInd

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Owning Bond Financed Property0OwningBondFinancedPropertyInd
Any Lease Arrangements0AnyLeaseArrangementsInd
Mgmt Contract Bond Fincd Prop0MgmtContractBondFincdPropInd
Any Research Agreements0AnyResearchAgreementsInd
Bond Iss Meet Prvt Sec Pymt Test0BondIssMeetPrvtSecPymtTestInd
Change In Use Bond Financed Prop0ChangeInUseBondFinancedPropInd
Procs Nonqualified Bond RemdtdYes (1)ProcsNonqualifiedBondRemdtdInd

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Form8038 T Filed0Form8038TFiledInd
Rebate Not Due Yet0RebateNotDueYetInd
Exception To RebateYes (1)ExceptionToRebateInd
No Rebate Due0NoRebateDueInd
Variable Rate IssueYes (1)VariableRateIssueInd
Hedge Identified In Bks And RecYes (1)HedgeIdentifiedInBksAndRecInd

Hedge Provider Name HedgeProviderName

FieldValueIRS element (for citing)
Business Name Line1THEBusinessNameLine1Txt
Business Name Line2TORONTO-DOMINIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Term Of Hedge10.000000000000TermOfHedgePct
Superintegrated Hedge0SuperintegratedHedgeInd
Hedge Terminated0HedgeTerminatedInd
Gross Proceeds Invested In GIC0GrossProceedsInvestedInGICInd
Gross Proceeds Invested0GrossProceedsInvestedInd
Written Proc To Monitor ReqsYes (1)WrittenProcToMonitorReqsInd

Procedures Corrective Action ProceduresCorrectiveActionGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Procedures Corrective ActionYes (1)ProceduresCorrectiveActionInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHE FORM 990 IS DISTRIBUTED TO THE BOARD OF DIRECTORS FOR REVIEW. ONCE THE BOARD MEMBERS HAVE REVIEWED THE FORM 990, THEY VOTE FOR THE RETURN TO BE FILED.
FORM 990, PART VI, SECTION B, LINE 12CCONFLICT OF INTEREST FORMS ARE SENT TO ALL BOARD MEMBERS AND MEMBERS OF MANAGEMENT. THE COO MONITORS COMPLETION OF THE REQUIRED DISCLOSURES. IN THE EVENT OF VOTE REGARDING A TRANSACTIONS WHERE A BOARD MEMBER HAS IDENTIFIED A CONFLICT OF INTEREST, THAT BOARD MEMBER IS NOT PRESENT IN THE DISCUSSION OR ALLOWED TO VOTE.
FORM 990, PART VI, SECTION B, LINE 15THE COMPENSATION FOR THE CEO IS DETERMINED BY THE BOARD OF DIRECTORS ANNUALLY. THE BOARD OF DIRECTORS ENTER INTO EXECUTIVE SESSION WHERE THEY REVIEW THE CEO'S PERFORMANCE AND BASED ON SAID REVIEW, DECIDE ON A COMPENSATION FOR THE UPCOMING YEAR. THE COMPENSATION FOR OTHER OFFICERS WITHIN THE ORGANIZATION IS DETERMINED BY THE CEO ANNUALLY IN DECEMBER FOR THE UPCOMING YEAR. THE CEO CONDUCTS A PERFORMANCE REVIEW, WHICH IS REVIEWED WITH THE APPLICABLE OFFICER AND BASED ON SAID REVEW A COMPENSATION ADJUSTMENT IS AWARDED BY THE CEO FOR THE NEXT CALENDAR YEAR.
FORM 990, PART VI, SECTION C, LINE 19FINANCIAL STATEMENTS ARE AVAILABLE ON ANOTHER'S WEBSITE, AS WELL AS UPON REQUEST. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST.
FORM 990, PART XI, LINE 9:PROVISION AGAINST DUE FROM AFFILIATES 187,197. COMMON CONTROL TRANSFER OF ASSETS -2,002,274. TRANSFER TO AFFILIATE -4,201,793.
FORM 990, PART XII, LINE 2C:THE FINANCE COMMITTEE OVERSEES THE AUDIT AND ENGAGES THE INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (15 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdTotal IncomeTotalIncomeAmtEnd Of Year AssetsEndOfYearAssetsAmtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Txt
CASAS BORINQUEN APARTMENTS LLC
2 SAN JUAN STREETBOSTONMA02118237090081AFFORDABLE HOUSINGMA$0$0INQUILINOS BORICUAS EN ACCION INC
CASAS BORINQUEN APARTMENTS LIMITED PATNERSHIP
2 SAN JUAN STREETBOSTONMA02118237090081AFFORDABLE HOUSINGMA$1,593,975$7,503,146CASAS BORINQUEN APARTMENTS LLC
CASAS BORINQUEN LLC
2 SAN JUAN STREETBOSTONMA02118237090081AFFORDABLE HOUSINGMA$0$0CASS BORINQUEN MM LLC
CASAS BORINQUEN MM LLC
2 SAN JUAN STREETBOSTONMA02118237090081AFFORDABLE HOUSINGMA$0$0INQUILINOS BORICUAS EN ACCION INC
SOUTH END APARTMENTS LLC
2 SAN JUAN STREETBOSTONMA02118237090081AFFORDABLE HOUSINGMA$0$500,595SOUTH END APARTMENTS MM LLC
SOUTH END APARTMENTS MM LLC
2 SAN JUAN STREETBOSTONMA02118237090081AFFORDABLE HOUSINGMA$0$0INQUILINOS BORICUAS EN ACCION INC
VIVIENDAS LLC
2 SAN JUAN STREETBOSTONMA02118237090081AFFORDABLE HOUSINGMA$8,429,340$47,476,707VIVIENDAS MM LLC
VIVIENDAS MM LLC
2 SAN JUAN STREETBOSTONMA02118237090081AFFORDABLE HOUSINGMA$0$0INQUILINOS BORICUAS EN ACCION INC
VICTORIA APARTMENTS GP LLC
2 SAN JUAN STREETBOSTONMA02118237090081AFFORDABLE HOUSINGMA$0$0INQUILINOS BORICUAS EN ACCION INC
FORTES HOUSE LLC
2 SAN JUAN STREETBOSTONMA02118237090081AFFORDABLE HOUSINGMA$0$2,212,000INQUILINOS BORICUAS EN ACCION INC
IELC LLC
2 SAN JUAN STREETBOSTONMA02118237090081AFFORDABLE HOUSINGMA$0$0INQUILINOS BORICUAS EN ACCION INC
THE PREPARATORY FOUNDATION LLC
2 SAN JUAN STREETBOSTONMA02118237090081AFFORDABLE HOUSINGMA$0$0INQUILINOS BORICUAS EN ACCION INC
IBA HOLDINGS LLC
2 SAN JUAN STREETBOSTONMA02118237090081AFFORDABLE HOUSINGMA$0$0INQUILINOS BORICUAS EN ACCION INC
VICTORIA APARTMENTS LIMITED PARTNERSHIP
2 SAN JUAN STREETBOSTONMA02118800033315AFFORDABLE HOUSINGMA$9,271,056$52,262,004INQUILINOS BORICUAS EN ACCION INC
RESIDENCIA BETANCES LLC
2 SAN JUAN STREETBOSTONMA02118237090081AFFORDABLE HOUSINGMA$0$1,488,613INQUILINOS BORICUAS EN ACCION INC

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtControlled OrganizationControlledOrganizationInd
ROBERT FORTES HOUSE INC
2 SAN JUAN STREETBOSTONMA02118042699390AFFORDABLE HOUSINGMA501(C)(3)LINE 12A, IINQUILINOS BORICUAS EN ACCION INCYes (1)
THE RESIDENCES AT NEPONSET FIELD INC
2 SAN JUAN STREETBOSTONMA02118261590901AFFORDABLE HOUSINGMA501(C)(3)LINE 7INQUILINOS BORICUAS EN ACCION INCYes (1)
IBA REAL ESTATE SUPPORT CORPORATION
2 SAN JUAN STREETBOSTONMA02118882578356AFFORDABLE HOUSINGMA501(C)(3)LINE 12C, III-FIINQUILINOS BORICUAS EN ACCION INCYes (1)

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtDisproportionate AllocationsDisproportionateAllocationsIndGeneral Or Managing PartnerGeneralOrManagingPartnerIndShare Of Total IncomeShareOfTotalIncomeAmtShare Of EOY AssetsShareOfEOYAssetsAmtOwnershipOwnershipPct
WEST NEWTON RUTLAND LLC
2 SAN JUAN STREETBOSTONMA02118611788746AFFORDABLE HOUSINGMAWEST NEWTON RUTLAND MM LLC00
SOUTH END APARTMENTS LIMITED PARTNERSHIP
2 SAN JUAN STREETBOSTONMA02118043551097AFFORDABLE HOUSINGMAETCDC INC00$1,579,101$6,181,5770.99990
ROBERT L FORTES HOUSE LIMITED PARTNERSHIP
2 SAN JUAN STREETBOSTONMA02118043748044AFFORDABLE HOUSINGMAETC FORTES INC00$1,364,958$5,959,0690.99990

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtEntity TypeEntityTypeTxtOwnershipOwnershipPctControlled OrganizationControlledOrganizationIndShare Of Total IncomeShareOfTotalIncomeAmt
WEST NEWTON RUTLAND MM LLC
2 SAN JUAN STREETBOSTONMA02118812001989AFFORDABLE HOUSINGMAINQUILINOS BORICUAS EN ACCION INCC0.79000Yes (1)
ETCDC INC
2 SAN JUAN STREETBOSTONMA02118043546738AFFORDABLE HOUSINGMAINQUILINOS BORICUAS EN ACCION INCC0.79000Yes (1)
ETC FORTES INC
2 SAN JUAN STREETBOSTONMA02118341974884AFFORDABLE HOUSINGMAROBERT FORTES HOUSE INCC0
RESIDENCIA BETANCES INC
2 SAN JUAN STREETBOSTONMA02118043166808AFFORDABLE HOUSINGMAINQUILINOS BORICUAS EN ACCION INCC1.00000Yes (1)$314,372
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsYes (1)ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgYes (1)LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth OrgYes (1)RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgYes (1)PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (3 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
ROBERT L FORTES HOUSE LIMITED PARTNERSHIP
A$61,512FAIR MARKET VALUE
SOUTH END APARTMENTS LIMITED PARTNERSHIP
L$84,381FAIR MARKET VALUE
IBA REAL ESTATE SUPPORT CORPORATION
B$2,002,274FAIR MARKET VALUE

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