2023-05-03T14:56:51-05:00 2022-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2022-01-01 237090081 INQUILINOS BORICUAS EN ACCION INC INQU 6179271707 2 SAN JUAN STREET BOSTON MA 02118 VANESSA CALDERON-ROSADO CHIEF EXECUTIVE OFFICER 6179271707 2023-04-28 1 VANESSA CALDERON-ROSADO XXX-XX-XXXX 1 MATTHEW HUTT CPA P01070603 5083669100 2023-04-28 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X VANESSA CALDERON-ROSADO 2 SAN JUAN STREET BOSTON MA 02118 38031881 0 X WWW.IBABOSTON.ORG X 1968 MA INQUILINOS BORICUAS EN ACCION (IBA) EMPOWERS AND ENGAGES INDIVIDUALS AND FAMILIES TO IMPROVE THEIR LIVES THROUGH HIGH-QUALITY AFFORDABLE HOUSING, EDUCATION AND ARTS PROGRAMS. 11 11 36 14 0 0 4022313 6960724 9440732 10878941 3421583 928931 50116 35414 16934744 18804010 0 0 0 0 2985414 3626033 0 0 636281 8724518 9911836 11709932 13537869 5224812 5266141 173108948 162841239 53931211 53316735 119177737 109524504 X INQUILINOS BORICUAS EN ACCION (IBA) EMPOWERS AND ENGAGES INDIVIDUALS AND FAMILY TO IMPROVE THEIR LIVES THROUGH HIGH-QUALITY AFFORDABLE HOUSING, EDUCATION, AND ARTS PROGRAMS. 0 0 7322504 9057692 IBA 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. 1097534 96865 PRESCHOOL - 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. 1919018 1797822 REAL 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. 244225 36741 ARTS-THE LARGEST LATINO ARTS CENTER IN NEW ENGLAND, IBA PRESENTS CONCERTS, FESTIVALS, EXHIBITS AND OTHER HIGH QUALITY PROGRAMMING THAT IS AFFORDABLE ACCESSIBLE, AND INNOVATIVE. 460209 YOUTH 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. 528287 RESIDENT 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. 262240 COLLEGE AND FINANCIAL 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. 123633 REAL ESTATE DEVELOPMENT 1618594 36741 11957650 1 1 0 0 0 0 0 0 0 1 1 1 1 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 91 0 1 36 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 11 11 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X MAYRA NEGRON-ROCHE 6179271767 2 SAN JUAN STREET BOSTON MA 02118 MARIA VASALLO PRESIDENT 0.20 0.60 X X 0 0 0 JAVIER FLORES VICE PRESIDENT 0.20 0.60 X X 0 0 0 JENNIFER FAUTH TREASURER 0.20 0.60 X X 0 0 0 PEDRO MIRANDA CLERK 0.20 0.60 X X 0 0 0 HECTOR CRUZ MEMBER 0.20 0.60 X 0 0 0 EDWIN SEDA MEMBER 0.20 0.60 X 0 0 0 VADIM KUKSIN MEMBER 0.20 0.60 X 0 0 0 WENDY MELENDEZ MEMBER 0.20 0.60 X 0 0 0 BOB GOLDSTEIN MEMBER 0.20 0.60 X 0 0 0 CARMEN LENNON MEMBER (RESIGNED 9/21/22) 0.20 0.60 X 0 0 0 REINELDA RIVERA MEMBER 0.20 0.60 X 0 0 0 PATRICK GREENE MEMBER 0.20 0.60 X 0 0 0 BART LLOYD MEMBER (RESIGNED 6/2022) 0.20 0.60 X 0 0 0 JORGE ORTIZ PIZARRO MEMBER (RESIGNED 2/2022) 0.20 0.60 X 0 0 0 VANESSA CALDERON-ROSADO CHIEF EXECUTIVE OFFICER 34.40 0.60 X 299346 0 25308 MAYRA NEGRON-ROCHE CHIEF OPERATING OFFICER 34.40 0.60 X 254465 0 27713 RAFAEL PEREZ MEDINA CHIEF PROGRAM OFFICER 35.00 0.00 X 163975 0 18816 717786 0 71837 3 0 1 0 STUDIO ENEE INC 460 HILLSIDE AVENUE NEEDHAM MA 02494 ARCHITECT 355555 KENNEY AND SAMS PC 144 TURNPIKE ROAD SOUTHBOROUGH MA 01772 LEGAL SERVICES 235286 EASTERN BANK WEALTH MANAGEMENT 63 FRANKLIN STREET BOSTON MA 02110 INVESTMENT MANAGER 217066 DEK ASSOCIATES CONSULTING 168 ADAMS AVENUE NEWTON MA 02465 CONSULTANT 191425 DAVIS SQUARE ARCHITECTS 240 ELM STREET SOMERVILLE MA 02144 ARCHITECT 189527 7 69920 156739 1132570 5601495 6960724 RENTAL INCOME 531390 9057692 9057692 PARTNERSHIP DISTRIBUTIONS 531390 1199148 1199148 PARTNERSHIP AND INCENTIVE MANAGEM 531390 347250 347250 GROUND LEASE FEES 531390 177986 177986 PARENT AND OTHER FEES 624100 96865 96865 10878941 1087115 1087115 18994922 17721844 1431262 1273078 -1431262 -158184 -158184 0 156739 74765 -74765 -74765 DEFERRED INTEREST 900099 73438 73438 OTHER INCOME 531390 36741 36741 110179 18804010 10989120 0 854166 606832 399357 60683 146792 2318607 1883012 265924 169671 34865 26012 6711 2142 443533 300117 106493 36923 222196 178072 25791 18333 240991 240991 354893 353738 1155 120400 35657 84743 834672 426798 198227 209647 213385 169126 17379 26880 141391 105477 25967 9947 4912457 4857145 41359 13953 8859 3703 5156 1794155 1779053 15102 BAD DEBTS 879188 879188 PROGRAM SUPPLIES 147650 143676 3974 STIPENDS 100482 100482 MISCELLANEOUS 71911 3699 67945 267 91402 72347 17329 1726 13537869 11957650 943938 636281 288240 375885 7788651 7510439 10872491 10983732 179124 175544 304807 289606 64246667 11989246 55043402 52257421 72448413 68184298 21079041 15657926 5104779 7406388 173108948 162841239 1182851 1489225 52113812 51201153 357400 277148 626357 53931211 53316735 X 108409121 98622856 10768616 10901648 119177737 109524504 173108948 162841239 X 5266141 -10936364 -3983010 X X 0 1 X 1 1 1 X 1752424 1168804 1746930 4022313 6960724 15651195 1752424 1168804 1746930 4022313 6960724 15651195 15651195 515694 594579 930641 1217095 1087115 4345124 47374 47374 20043693 54806145 0.78090 0.75080 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISC INCOME AND RECOVERY OF PREVIOUSLY WRITTEN OFF NOTE 785237 - 2018 AMOUNT: $ 47,374. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 58584890 5399999 -8654236 55330653 45675189 5947337 6962364 58584890 35250067 3718686 6706436 45675189 35250067 35250067 1.00000 0 0 1183474 1183474 59013601 9788147 49225454 4049592 2201099 1848493 52257421 CERTIFICATES OF DEPOSIT 487708 F U.S. TREASURY BONDS 13639111 F CASH AND CASH EQUIVALENTS 4603911 F FIXED INCOME FUNDS 2071758 F EQUITIES 47381810 F 68184298 INVESTMENT IN SUBSIDIARIES 15657926 C 15657926 OPERATING LEASE LIABILITY 376357 CONDITIONAL GRANT ADVANCE 250000 626357 X PART X, LINE 2: IBA 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, 2022. IBA AND AFFILIATES' INCOME TAXES ARE SUBJECT TO EXAMINATION BY THE APPROPRIATE TAXING JURISDICTIONS. FESTIVAL BETANCES 156739 156739 74765 156739 156739 74765 74765 -74765 X 0 0 0 0 0 0 0 0 0 VANESSA CALDERON-ROSADO CHIEF EXECUTIVE OFFICER 299346 0 0 0 0 0 6997 0 18311 0 324654 0 0 0 MAYRA NEGRON-ROCHE CHIEF OPERATING OFFICER 254465 0 0 0 0 0 6151 0 21562 0 282178 0 0 0 RAFAEL PEREZ MEDINA CHIEF PROGRAM OFFICER 163975 0 0 0 0 0 4166 0 14650 0 182791 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 IBA CONTRACTS WITH A PROPERTY MANAGEMENT COMPANY TO RUN THE DAY TO DAY OPERATIONS OF THEIR HOUSING PORTFOLIO. FORM 990, PART VI, SECTION B, LINE 11B THE 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 12C CONFLICT 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 15 THE 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 19 FINANCIAL 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: RECOVERY OF DUE FROM AFFILIATE 277,148. PROVISION AGAINST DUE FROM AFFILIATES -233,524. PROVISION AGAINST LOAN LOSS -3,963,440. DISTRIBUTIONS -1,199,148. TRANSFER FROM AFFILIATE 1,135,954. 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. 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