2016-11-11T09:35:45-06:00 2015-12-31 WithumSmithBrown PC 1 SPRING STREET NEW BRUNSWICK NJ 08901 990 2015-01-01 133653276 PROMESA ADMINISTRATIVE SERVICES ORGANIZATIONINC % MILTON DERIENZO PROM 7182991100 311 EAST 175TH STREET BRONX NY 10457 MILTON DERIENZO CFO 7182991100 2016-11-15 true Joseph Perez P00961850 7328281614 2015 2017-02-10 21:41:12Z RAUL RUSSI 311 east 175th street Bronx NY 10457 7433426 false X WWW.ACACIANETWORK.ORG X 1990 NY TO PROVIDE ALL SUPERVISORY AND ADMIN SERVICES FOR EACH OF THE PROMESA ENTITIES. 3 3 73 3 0 0 0 7109586 7181320 0 0 43498 252106 7153084 7433426 0 0 0 0 6940057 7007539 0 0 0 169529 173781 7109586 7181320 43498 252106 2749652 1881648 3258630 2138520 -508978 -256872 PROMESA ADMINISTRATIVE SERVICES ORGANIZATION, INC., ESTABLISHED AS A NOT-FOR-PROFIT, PROVIDES ALL SUPERVISORY/ADMIN SERVICES FOR EACH OF THE PROMESA ENTITIES. false false 7181320 7181320 PROMESA ADMINISTRATIVE SERVICES ORGANIZATION, INC., ESTABLISHED AS A NOT-FOR PROFIT, PROVIDES ALL SUPERVISORY/ADMIN SERVICES FOR EACH OF THE ACACIA NETOWRK ENTITIES. THESE SERVICES INCLUDE HUMAN RESOURCES, FINANCE, ACCOUNTING, ADMINISTRATIVE, INFORMATION TECHNOLOGY, MAINTENANCE, PURCHASING, MISCELLANEOUS, COMPLIANCE Q&A, HOUSEKEEPING, SECURITY, TRANSPORTATION, AND HOUSING. PROMESA ADMINISTRATIVE SERVICES ORG., INC. IS REIMBURSED AT COST FOR ALL EXPENSES INCURRED ON BEHALF OF ALL ACACIA NETWORK ENTITIES. 7181320 true false false false false false false false false false false false false true false true true false false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 34 0 true 73 true false false false false false false false false false false X 3 3 false false false false false false false true true false false true true true true true true true true false NY X X MILTON DERIENZO 7182991100 311 EAST 175TH STREET BRONX NY 10457 X MILAGROS BAEZ O'TOOLE CHAIR 1.0 0.0 X X 0 0 0 CARMEN VILLA-LUGO ESQ VICE CHAIR 1.0 0.0 X X 0 0 0 EDUARDO ALAYON TREASURER 1.0 0.0 X X 0 0 0 TOMAS DEL RIO CFO 0.0 35.0 X 0 325074 36077 RAUL RUSSI CEO 0.0 35.0 X 0 520342 20415 PAMELA MATTEL COO 0.0 35.0 X 0 318593 50393 HON HECTOR DIAZ PRESIDENT 0.0 35.0 X 0 222477 12102 DR SAROJ BAKSHI MEDICAL DIRECTOR 0.0 35.0 X 0 214087 20857 RALPH DECLET VICE PRESIDENT 0.0 35.0 X 0 233189 33772 ADRIENNE ROSELL ADMINISTRATOR 0.0 35.0 X 0 217237 34815 DAVID COLLYMORE CHIEF MEDICAL OFFICER 0.0 35.0 X 0 227802 11870 DAVID GLASEL VICE PRESIDENT, COMPLIANCE 0.0 35.0 X 0 340477 18815 0 2619278 239116 0 false true false HEALTHCARE BUSINESS SOLUTIONS GROUP 38 PINE DRIVE POUND RIDGE NY 10576 HEALTHCARE 244535 VERIZON BUSINESS PO Box 4846 TRENTON NJ 086504846 TELECOMMUNICATIONS 221406 CMP CONSULTANT SERVICES 227 EAST 11TH STREET NEW YORK NY 10029 CONSULTING 187500 EBATIZ AND ASSOCIATES 993 S SANTE FE AVE 76 VISTA CA 92083 MARKETING 187113 ADP 504 CLITNON CENTER CLINTON MS 39056 PAYROLL PROCESSING 498840 13 0 SUPERVISORY FEES 561000 7181320 7181320 7181320 0 0 0 0 0 0 0 0 0 0 BAD DEBT RECOVERY 252106 252106 252106 7433426 7433426 0 0 0 0 0 0 7007539 7007539 0 0 0 0 0 0 0 0 0 0 0 0 0 0 173781 173781 0 0 0 0 0 0 0 BAD DEBT EXPENSE 0 7181320 7181320 0 0 X 1904022 763774 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 12600 0 0 0 0 0 0 0 0 0 845630 1105274 2749652 1881648 3258630 2138520 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3258630 2138520 X -508978 -256872 0 0 0 0 -508978 -256872 2749652 1881648 252106 X false true X true false X X 23 PROMESA INC 132663328 9 false 0 3022651 PROMESA RESIDENTIAL HEALTH CARE FACILITY INC 133676681 4 false 0 1497748 PROMESA FOUNDATION INC 133411787 9 false 0 95207 PROMESA HOUSING DEVELOPMENT FUND CORPORATION INC 133608906 9 false 0 369404 ACACIA NETWORK HOUSING INC 260076866 7 false 0 746671 JULIO MARTINEZ MEMORIAL FUND 810623501 7 false 0 3598 EAST HARLEM COUNCIL FOR COMMUNITY IMPROVEMENT INC 132969933 7 false 0 559689 ACACIA NETWORK INC 134014082 9 false 0 172230 CORPORATION FOR YOUTH ENERGY CORPS INC 133072640 7 false 0 0 GENERAL DEVELOPMENT AND ORIENTATION COUNCIL INC 133333051 7 false 0 0 LA RAMA INC 454797184 7 false 0 0 CAPITAL DISTRICT LATINOS INC 453647494 7 false 0 0 BUFFALO HISPANIC MANAGEMENT COMPANY INC 223035890 9 false 0 0 HISPANOS UNIDOS DE BUFFALO INC 161243094 7 false 0 10853 LOISAIDA INC 133023183 9 false 0 1753 AUDUBON PARTNERSHIP FOR ECONOMIC DEVELOPMENT LOCAL DEVELOPM 133927797 7 false 0 2807 SOUTH BRONX COMMUNITY MANAGEMENT CO INC 132850133 7 false 0 101963 ACDP INC 133266145 7 false 0 143370 1068 FRANKLIN AVENUE DEVELOPMENT FUND CORPORATION 132663328 5 false 0 0 POLACIO DORADO MANAGEMENT CORP 464966129 7 false 0 0 EL REGRESO INC 061179595 7 false 0 8916 UNITED BRONX PARENTS INC 136203312 7 false 0 351478 LA CASA DE SALUD INC 020693325 9 false 0 92982 23 0 7181320 false true true false false false false false false false false false false false false false false false false SCHEDULE A, SECTION A, LINE 2 SUPPORTED ORGANIZATIONS LIST IN SCHEDULE A PART I THAT DO NO HAVE A STATUS UNDER 509(A)(1) OR (2) ARE EXEMPT UNDER SECTION 170(B)(1)(A)(IV). DUE FROM AFFILIATES - NET 1105274 OTHER ASSETS 0 1105274 0 0 X 7433426 7433426 7433426 7181320 7181320 7181320 PART X, LINE 2 PASO is exempt from Federal, New York State, and New York City income taxes under Section 501(c)(3) of the Internal Revenue Code and New York Estates, Powers and Trust Law and Article 7-A of the Executive Law. Accordingly, no provision for income taxes has been reflected in the accompanying financial statements. PASO follows generally accepted accounting principles related to uncertain tax positions which require tax effects from an uncertain tax position to be recognized in the financial statements only if the position is more likely than not to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. If an uncertain tax position meets the more-likely-than-not threshold, the largest amount of tax benefit that is greater than 50 percent likely to be recognized upon ultimate settlement with the taxing authority is recorded. PASO's primary tax positions relate to its status as a not-for-profit entity exempt from income taxes and classification of activities related to its exempt purpose. Management has evaluated the tax positions reflected in PASO's tax filings and does not believe that any material uncertain tax positions exist. PASO did not record any tax related interest or penalties during the years in question. PASO files Form 990 information returns in the U.S. federal jurisdiction and CHAR 500 in the State of New York jurisdiction. X X X false false false false false false false true false TOMAS DEL RIO CFO 0 285427 28941 10706 0 13250 22827 0 361151 RAUL RUSSI CEO 0 461207 46427 12708 0 19875 540 0 540757 PAMELA MATTEL COO 0 281954 28665 7974 0 12372 38021 0 368986 HON HECTOR DIAZ PRESIDENT 0 192152 19275 11050 0 11124 978 0 234579 DR SAROJ BAKSHI MEDICAL DIRECTOR 0 208379 2000 3708 0 10768 10089 0 234944 RALPH DECLET VICE PRESIDENT 0 221331 5000 6858 0 11795 21977 0 266961 ADRIENNE ROSELL ADMINISTRATOR 0 214324 2500 413 0 10883 23932 0 252052 DAVID COLLYMORE CHIEF MEDICAL OFFICER 0 224640 3000 162 0 11390 480 0 239672 DAVID GLASEL VICE PRESIDENT, COMPLIANCE 0 336769 3708 0 8543 10272 0 359292 Schedule J, Line 7 bonuses were provided to some officers and key employees. these bonus percentages are approved by the board of directors as part of the overall compensation package on an annual basis. FORM 990, PART VI, SECTION B, LINE 15A & 15B THE ORGANIZATION PERIODICALLY ENGAGES AN INDEPENDENT AND QUALIFIED COMPENSATION CONSULTANT TO COMPILE AND ANALYZE DETAILED DATA ABOUT THE TYPES AND LEVELS OF COMPENSATION PACKAGES PROVIDED BY ORGANIZATIONS IN PROMESA'S PEER GROUP TO INDIVIDUALS IN POSITIONS SIMILAR TO THE OFFICERS OF PROMESA. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION DISTRIBUTES THE 990 AT THE BOARD OF DIRECTORS MEETING. THE BOARD VOTES TO APPROVE THE 990. FORM 990, PART VI, SECTION B, LINE 12C Each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person: a. Has received a copy of the conflicts of interest policy; b. Has read and understands the policy; c. Has agreed to comply with the policy; and d. Understands the Organization is charitable, and in order to maintain its federal tax exemption, it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. PROMESA INC 311 EAST 175TH STREET BRONX NY 10457 132663328 HEALTH SERV NY 501(c)(3) 9 Acacia false PROMESA FOUNDATION INC 311 EAST 175TH STREET BRONX NY 10457 133411787 Development NY 501(c)(3) 11 Acacia false EAST HARLEM COUNCIL COMMUNITY IMPROVEMEN 413 EAST 120TH ST NEW YORK NY 10035 132969933 HOUSING NY 501(c)(3) 7 Acacia false PROMESA HOUSING DEVELOPMENT FUND 311 EAST 175TH STREET BRONX NY 10457 133608906 HOUSING NY 501(c)(3) 9 Acacia false PROMESA RESIDENTIAL HEALTHCARE FACILITY 308 EAST 175TH STREET BRONX NY 10457 133676681 HEALTHCARE NY 501(c)(3) 4 Acacia false Acacia Network Inc 300 EAST 175th STREET BRONX NY 10457 134014082 ADMIN NY 501(c)(3) 11 NA false CORPORATION FOR YOUTH ENERGY CORPS 300 EAST 175TH STREET BRONX NY 10457 133072640 YOUTH PROGRAM NY 501(c)(3) 7 Acacia false ACACIA NETWORK HOUSING INC 1064 FRANKLIN AVENUE BRONX NY 10456 260076866 HOUSING NY 501(c)(3) 7 Acacia false GENERAL DEVELOPMENT AND ORIENTATION 717 SOUTHERN BOULEVARD BRONX NY 10455 133333051 HOUSING NY 501(c)(3) 7 Acacia false THE JULIO A MARTINEZ MEMORIAL FUND 1064 FRANKLIN AVENUE BRONX NY 10456 810623501 DEVELOPMENT NY 501(c)(3) 7 Acacia false La Rama Inc 300 East 175th Street Bronx NY 10457 454797184 Housing NY 501(c)(3) Applied For Acacia false Capital District Latinos Inc 1776 Clay Avenue Bronx NY 10457 453647494 Housing NY 501(c)(3) Applied For Acacia false BUFFALO HISPANIC MANAGEMENT COMPANY INC 254 VIRGINIA STREET BUFFALO NY 14201 223035890 MANAGEMENT NY 501(c)(2) ACACIA false HISPANOS UNIDOS DE BUFFALO INC 254 VIRGINIA STREET BUFFALO NY 14201 161243094 SOCIAL SERVIC NY 501(c)(3) 7 ACACIA false LOISAIDA INC 300 EAST 175TH STREET BRONX NY 10457 133023183 ANNUAL FAIR NY 501(c)(3) 9 ACACIA false AUDUBON PARTNERSHIP FOR ECONOMIC DEVELOP 300 EAST 175TH STREET BRONX NY 10457 133927797 ECONOMIC DEV NY 501(c)(3) 7 ACACIA false 1068 FRANKLIN AVENUE HOUSING DEVELOPMENT 1776 CLAY AVENUE BRONX NY 10457 208317595 HOUSING NY 501(c)(4) N/A ACACIA false ACDP INC 3940 BROADWAY NEW YORK NY 10032 133266145 Social Servic NY 501(c)(3) 7 Acacia false PALACIO DORADO MANAGEMENT CORP 300 E 175TH STREET BRONX NY 10457 464966129 HOUSING NY 501(C)(3) APPLIED FOR ACACIA false EL REGRESO INC 141 SOUTH THIRD STREET BROOKLYN NY 11211 061179595 HEALTH SERVIC NY 501(C)(3) 7 ACACIA false PROMESA ENTERPRISES 300 EAST 175th STREET BRONX NY 10457 133819522 Holding Co. 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