THE PROMESA HOUSING DEVELOPMENT FUND CORPORATION: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: THE PROMESA HOUSING DEVELOPMENT FUND CORPORATION (EIN 13-3608906)
Tax period: 2010-01-01 to 2010-12-31
Filed: 2011-11-14
IRS object ID: 201133189349301403
Schema version: 2010v3.4
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
Form 990
Schedule A
Schedule C
Schedule D
Schedule J
Schedule L
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2011-11-14T08:11:09-05:00	Timestamp
Tax Period End Date	2010-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	WithumSmithBrown PC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	1 SPRING STREET	AddressLine1
City	NEW BRUNSWICK	City
State	NJ	State
ZIP Code	08901	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2010-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	133608906	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	PROMESA HOUSING DEVELOPMENT FUND CORPORATION	BusinessNameLine1
Business Name Line2	INC	BusinessNameLine2

Field	Value	IRS element (for citing)
Name Control	PROM	NameControl
Phone	7182991100	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	311 EAST 175TH STREET	AddressLine1
City	BRONX	City
State	NY	State
ZIP Code	10457	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	RAUL RUSSI	Name
Title	CEO	Title
Date Signed	2011-10-15	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	Joseph Perez	Name
Phone	7328281614	Phone

Field	Value	IRS element (for citing)
Tax Year	2010	TaxYear
Build TS	2016-03-07 17:11:31Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	RAUL RUSSI	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	1776 CLAY AVENUE	AddressLine1
City	BRONX	City
State	NY	State
ZIP Code	10457	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	2431583	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	WWW.PROMESA.ORG	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1990	YearFormation
State Legal Domicile	NY	StateLegalDomicile
Activity Or Mission Description	TO COMBAT COMMUNITY DETERIORATION AND LESSEN NEIGHBORHOOD TENSIONS THROUGH THE RESIDENTIAL REVITALIZATION OF THE BRONX AND ADJACENT AREAS OF BRONX COUNTY.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	4	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	4	NbrIndependentVotingMembers
Total Nbr Employees	0	TotalNbrEmployees
Total Nbr Volunteers	0	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Prior Year	0	ContributionsGrantsPriorYear
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	2467585	ProgramServiceRevenuePriorYear
Program Service Revenue CY	2430777	ProgramServiceRevenueCY
Investment Income Prior Year	2364	InvestmentIncomePriorYear
Investment Income Current Year	806	InvestmentIncomeCurrentYear
Other Revenue Prior Year	0	OtherRevenuePriorYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	2469949	TotalRevenuePriorYear
Total Revenue Current Year	2431583	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	0	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	0	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	26529	SalariesEtcPriorYear
Salaries Etc Current Year	237297	SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year	0	TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	2323195	OtherExpensePriorYear
Other Expenses Current Year	2325303	OtherExpensesCurrentYear
Total Expenses Prior Year	2349724	TotalExpensesPriorYear
Total Expenses Current Year	2562600	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	120225	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-131017	RevenuesLessExpensesCY
Total Assets BOY	7186541	TotalAssetsBOY
Total Assets EOY	8173049	TotalAssetsEOY
Total Liabilities BOY	5217940	TotalLiabilitiesBOY
Total Liabilities EOY	6335465	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	1968601	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	1837584	NetAssetsOrFundBalancesEOY
Mission Description	TO COMBAT COMMUNITY DETERIORATION AND LESSEN NEIGHBORHOOD TENSIONS THROUGH THE RESIDENTIAL REVITALIZATION OF THE BRONX AND ADJACENT AREAS OF BRONX COUNTY.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	2007120	Expense
Revenue	2430777	Revenue
Description	THE ENTITY WAS FOUNDED TO COMBAT COMMUNITY DETERIORATION AND LESSEN NEIGHBORHOOD TENSIONS THROUGH THE RESIDENTIAL REVITALIZATION OF BRONX COUNTY, NEW YORK	Description
Total Program Service Expense	2007120	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	true	LobbyingActivities
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	true	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	true	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	true	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	true	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	true	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	0	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	0	NumberOfEmployees
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	false	QuidProQuoContributions
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOf
Funds To Pay Premiums	false	FundsToPayPremiums
Premiums Paid	false	PremiumsPaid
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	4	NbrVotingGoverningBodyMembers
Number Independent Voting Members	4	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
States Where Copy Of Return Is Filed	NY	StatesWhereCopyOfReturnIsFiled
Own Website	X	OwnWebsite
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	CFO PROMESA SYSTEMS INC	NamePerson
Telephone Number	7182991100	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	1776 CLAY AVE	AddressLine1
City	BRONX	City
State	NY	State
ZIP Code	10457	ZIPCode

Field	Value	IRS element (for citing)
Info In Schedule O Part VII	X	InfoInScheduleOPartVII

Form990 Part VII Section A Form990PartVIISectionA (13 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	Highest Compensated EmployeeHighestCompensatedEmployee
EDUARDO ALAYON
Chairman	1.0	X	X	0	0	0
MILAGROS BAEZ O'TOOLE
Treasurer	1.0	X	X	0	0	0
Pedro Falcon
Secretary	1.0	X	X	0	0	0
Andrew Gonzalez
Member	1.0	X		0	0	0
HON HECTOR L DIAZ
member	1.0		X	5222	125316	0
TOMAS DEL RIO
CFO	2.0		X	16296	216498	26356
PAMELA MATTEL
COO	2.0		X	10461	227839	11711
RAUL RUSSI
CEO	2.0		X	18092	394008	24249
Ralph Declet
Vice-President of Operations	35.0			180775	0	8250	X
ADRIENE ROSELL
ADMINISTRATOR				0	187470	17341	X
DR SAROJ BAKSHI
MEDICAL DIRECTOR				0	186032	15966	X
OCTAVIO LIRIANO
ASSISTANT MEDICAL DIRECTOR				0	162197	26124	X
DR DANIEL ROSA
ASSISTANT MEDICAL DIRECTOR				0	169516	14629	X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	230846	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	1668876	TotalReportableCompFrmRltdOrgs
Total Other Compensation	144626	TotalOtherCompensation
Number Individuals GT100 K	1	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	true	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation

Name Of Contractor NameOfContractor

Field	Value	IRS element (for citing)
Name Person	PM ARCHITECTURE PC	NamePerson

Address Of Contractor AddressOfContractor

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	28 W 36TH STREET 4TH FLOOR	AddressLine1
City	NEW YORK	City
State	NY	State
ZIP Code	10018	ZIPCode

Field	Value	IRS element (for citing)
Description Of Services	Architecture	DescriptionOfServices
Compensation	126803	Compensation

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	1	NumberOfContractorsGT100K
Total Contributions	0	TotalContributions

Program Service Revenue ProgramServiceRevenue (5 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
RENT REVENUE	532000	1630515	1630515
COMMERCIAL RENT	532000	83412	83412
OTHER	532000	11130	11130
CONSULTING FEES	532000	424875	424875
ENFORCEMENT MORTGAGE FORGIVENESS		280845	280845

Field	Value	IRS element (for citing)
Total Program Service Revenue	2430777	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	806	TotalRevenueColumn
Exclusion	$806	ExclusionAmount

Income From Invest Bond Proceeds IncomeFromInvestBondProceeds

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Royalties Revenue RoyaltiesRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Income From Gaming NetIncomeFromGaming

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Income Or Loss NetIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Field	Value	IRS element (for citing)
Total Other Revenue	0	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	2431583	TotalRevenueColumn
Related Or Exempt Function Income	2430777	RelatedOrExemptFunctionIncome
Exclusion	$806	ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	0	Total

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	0	Total

Foreign Grants ForeignGrants

Field	Value	IRS element (for citing)
Total	0	Total

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	0	Total

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	48272	Total
Management And General	48272	ManagementAndGeneral

Comp Disqual Persons CompDisqualPersons

Field	Value	IRS element (for citing)
Total	0	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	189025	Total
Management And General	189025	ManagementAndGeneral

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	0	Total

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	0	Total

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	47565	Total
Management And General	47565	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	23178	Total
Management And General	23178	ManagementAndGeneral

Fees For Services Lobbying FeesForServicesLobbying

Field	Value	IRS element (for citing)
Total	3150	Total
Management And General	3150	ManagementAndGeneral

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	75032	Total
Management And General	75032	ManagementAndGeneral

Advertising Advertising

Field	Value	IRS element (for citing)
Total	0	Total

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	9058	Total
Management And General	9058	ManagementAndGeneral

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	0	Total

Royalties Royalties

Field	Value	IRS element (for citing)
Total	0	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	561207	Total
Program Services	561207	ProgramServices

Travel Travel

Field	Value	IRS element (for citing)
Total	0	Total

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

Field	Value	IRS element (for citing)
Total	0	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	0	Total

Interest Interest

Field	Value	IRS element (for citing)
Total	0	Total

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	0	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	253141	Total
Program Services	253141	ProgramServices

Insurance Insurance

Field	Value	IRS element (for citing)
Total	50553	Total
Program Services	50553	ProgramServices

Other Expenses OtherExpenses (5 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral
MISCELLANEOUS	52708	52708
CONTRACTUAL EXPENSES	798451	798451
BAD DEBTS	160200		160200
TELEPHONE	12897	12897
REPAIRS AND MAINTENANCE	278163	278163

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	2562600	Total
Program Services	2007120	ProgramServices
Management And General	555480	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	772842	BOY
EOY	1056119	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	201953	BOY
EOY	123818	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	31134	BOY
EOY	37632	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	9683651	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	3729807	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	6080004	BOY
EOY	5953844	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	100608	BOY
EOY	1001636	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	7186541	BOY
EOY	8173049	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	83527	BOY
EOY	272912	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	25130	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	4806160	BOY
EOY	4525315	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	328253	BOY
EOY	1512108	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	5217940	BOY
EOY	6335465	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	1968601	BOY
EOY	1837584	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	1968601	BOY
EOY	1837584	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	7186541	BOY
EOY	8173049	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	-131017	ReconcilationRevenueExpenses
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org509a2	X	PubliclySupportedOrg509a2

Gross Receipts From Admissions GrossReceiptsFromAdmissions

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	2004009	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	2335369	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	2353299	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	2467586	CurrentTaxYearMinus1Year
Current Tax Year	2430778	CurrentTaxYear
Total	11591041	Total

Total509 Total509

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	2004009	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	2335369	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	2353299	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	2467586	CurrentTaxYearMinus1Year
Current Tax Year	2430778	CurrentTaxYear
Total	11591041	Total

Field	Value	IRS element (for citing)
Public Support Total509	11591041	PublicSupportTotal509

Gross Investment Income509 GrossInvestmentIncome509

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	197	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	3146	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	3338	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	2364	CurrentTaxYearMinus1Year
Current Tax Year	805	CurrentTaxYear
Total	9850	Total

Investment Income And UBTI InvestmentIncomeAndUBTI

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	197	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	3146	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	3338	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	2364	CurrentTaxYearMinus1Year
Current Tax Year	805	CurrentTaxYear
Total	9850	Total

Total Support Total TotalSupportTotal

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	2004206	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	2338515	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	2356637	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	2469950	CurrentTaxYearMinus1Year
Current Tax Year	2431583	CurrentTaxYear
Total	11600891	Total

Field	Value	IRS element (for citing)
Public Support Percentage509	0.99915	PublicSupportPercentage509
Prior Year Support Percentage	0.99916	PriorYearSupportPercentage
Investment Income Percentage	0.00085	InvestmentIncomePercentage
Prior Yr Invest Income Percentage	0.00084	PriorYrInvestIncomePercentage
Thirty Three Percnt Tests CY509	X	ThirtyThreePercntTestsCY509

Schedule C IRS990ScheduleC

Field	Value	IRS element (for citing)
Total Grassroots Lobbying		TotalGrassrootsLobbying
Total Direct Lobbying		TotalDirectLobbying
Total Lobbying Expenditures		TotalLobbyingExpenditures
Other Exempt Purpose Expenditures		OtherExemptPurposeExpenditures
Total Exempt Purpose Expenditures		TotalExemptPurposeExpenditures
Lobbying Nontaxable		LobbyingNontaxableAmount
Grassroots Nontaxable		GrassrootsNontaxableAmount
Tot Lobbying Grassroot Minus Non Tx		TotLobbyingGrassrootMinusNonTx
Tot Lobby Expend Mns Lobbying Nontx		TotLobbyExpendMnsLobbyingNontx
Volunteers	false	Volunteers
Paid Staff Or Management	false	PaidStaffOrManagement
Media Advertisements	false	MediaAdvertisements
Mailings Members	false	MailingsMembers
Publications Or Broadcast	false	PublicationsOrBroadcast
Grants Other Organizations	false	GrantsOtherOrganizations
Direct Contact Legislators	false	DirectContactLegislators
Rallies Demonstrations	false	RalliesDemonstrations
Other Activities	true	OtherActivities
Other Activities	$3,150	OtherActivitiesAmount
Total Lobbying Expenditures IIB	3150	TotalLobbyingExpendituresIIB
Not Described In501c3	false	NotDescribedIn501c3
Form4720 Filed4912 Tax	false	Form4720Filed4912Tax

Form990 Schedule C Part IV Form990ScheduleCPartIV

Field	Value	IRS element (for citing)
Identifier	PART II-B, LINE1(I), OTHER LOBBYING ACTIVITIES	Identifier
Explanation	PROMESA CONTRACTS WITH VARIOUS THIRD PARTY LOBBYING CONSULTANTS TO DEVELOP AND IMPLEMENT A COMPREHENSIVE STRATEGY ON ISSUES RELATED TO PROMESA AND OBTAIN SUPPORT FOR SUCH ISSUES FROM KEY STATE LEGISLATORS.	Explanation

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Art Public Exhibition Amts		ArtPublicExhibitionAmts
Held Works Of Art Amts		HeldWorksOfArtAmts

Land Land

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	0	InvestmentCostOrOtherBasis
Other Cost Or Other Basis	7	OtherCostOrOtherBasis
Book Value	7	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	0	InvestmentCostOrOtherBasis
Other Cost Or Other Basis	8987054	OtherCostOrOtherBasis
Depreciation	3622059	Depreciation
Book Value	5364995	BookValue

Leasehold Improvements LeaseholdImprovements

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	0	InvestmentCostOrOtherBasis
Other Cost Or Other Basis	227737	OtherCostOrOtherBasis
Depreciation	13576	Depreciation
Book Value	214161	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	0	InvestmentCostOrOtherBasis
Other Cost Or Other Basis	142893	OtherCostOrOtherBasis
Depreciation	94172	Depreciation
Book Value	48721	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	0	InvestmentCostOrOtherBasis
Other Cost Or Other Basis	325960	OtherCostOrOtherBasis
Book Value	325960	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	5953844	TotalOfBookValueLandBuildings

Other Assets OtherAssets (3 entries)

DescriptionDescription	Book ValueBookValue
TENANT SECURITY DEPOSITS	67645
UTILITY DEPOSIT	1800
DUE FROM AFFILIATES	932191

Field	Value	IRS element (for citing)
Total Book Value Other Assets	1001636	TotalBookValueOtherAssets
Federal Income Tax Liability	0	FederalIncomeTaxLiability

Other Liabilities OtherLiabilities (4 entries)

DescriptionDescription	AmountAmount
RENT SECURITY PAYABLE	$67,645
DUE TO HPD	$100,373
DUE TO AFFILIATES	$1,323,914
LINE OF CREDIT	$20,176

Field	Value	IRS element (for citing)
Total Of Amounts	1512108	TotalOfAmounts
Total Revenue	2431583	TotalRevenue
Total Expenses	2562600	TotalExpenses
Excess Or Deficit For Year	-131017	ExcessOrDeficitForYear
Excess Or Deficit Per FS	-131017	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	2431583	TotRevenueEtcAuditedFinclStmt
Revenue Subtotal	2431583	RevenueSubtotal
Total Revenue Per Form990	2431583	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	2562600	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	2562600	ExpensesSubtotal
Total Expenses Per Form990	2562600	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV

Field	Value	IRS element (for citing)
Identifier	FIN 48 FOOTNOTE	Identifier
Explanation	Promesa Housing Development Fund Corporation, the Company, adopted the accounting pronouncement dealing with uncertain tax positions, as of January 1, 2009. Upon adoption of this accounting pronouncement, the Company has no unrecognized tax benefits. Furthermore, the Company had no unrecognized tax benefits at December 31, 2010.	Explanation

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Independent Consultant	X	IndependentConsultant
Compensation Survey	X	CompensationSurvey
Board Or Committee Approval	X	BoardOrCommitteeApproval
Severance Payment	false	SeverancePayment
Supplemental Nonqual Retire Plan	false	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	false	EquityBasedCompArrangement
Comp Based On Revenue Of Filing Org	false	CompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related Orgs	false	CompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing Org	false	CompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate Orgs	false	CompBasedNetEarningsRelateOrgs
Any Non Fixed Payments	true	AnyNonFixedPayments
Initial Contract Exception	false	InitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII (8 entries)

Base Compensation Filing OrgBaseCompensationFilingOrg	Comp Based On Related OrgsCompBasedOnRelatedOrgs	Bonus Filing OrgBonusFilingOrg	Bonus Related OrgsBonusRelatedOrgs	Other Compensation Filing OrgOtherCompensationFilingOrg	Other Compensation Related OrgsOtherCompensationRelatedOrgs	Deferred Comp Filing OrgDeferredCompFilingOrg	Deferred Comp Related OrgsDeferredCompRelatedOrgs	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg	Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs	Total Compensation Filing OrgTotalCompensationFilingOrg	Total Compensation Related OrgsTotalCompensationRelatedOrgs	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg	Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs
TOMAS DEL RIO
14270	189586	1400	18600	626	8312	844	11216	1001	13295	18141	241009	0	0
PAMELA MATTEL
9043	196957	1076	23424	342	7458	514	11197	0	0	10975	239036	0	0
Ralph Declet
152211	0	20000	0	8564	0	8250	0	0	0	189025	0	0	0
RAUL RUSSI
16375	356625	1318	28682	399	8701	977	21272	88	1912	19157	417192	0	0
ADRIENE ROSELL
0	187200	0	0	0	270	0	0	0	17341	0	204811	0	0
DR SAROJ BAKSHI
0	182325	0	0	0	3707	0	9505	0	6461	0	201998	0	0
OCTAVIO LIRIANO
0	161783	0	0	0	414	0	8682	0	17442	0	188321	0	0
DR DANIEL ROSA
0	159102	0	10000	0	414	0	7643	0	6986	0	184145	0	0

Form990 Schedule J Part III Form990ScheduleJPartIII

Field	Value	IRS element (for citing)
Identifier	schedule j, line 7	Identifier
Explanation	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.	Explanation

Schedule L IRS990ScheduleL

Form990 Schedule L Part IV Form990ScheduleLPartIV

Name Of Interested Person NameOfInterestedPerson

Field	Value	IRS element (for citing)
Name Person	RC Consulting LLC	NamePerson

Field	Value	IRS element (for citing)
Relationship	EX CEO & CHAIRPERSON	Relationship
Amount Of Transaction	39600	AmountOfTransaction
Description Of Transaction	INDEPENDENT	DescriptionOfTransaction
Sharing Of Revenues	false	SharingOfRevenues

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (12 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
990 APPROVAL PROCESS	PART VI, SECTION B, QUESTION 11B	THE ORGANIZATION DISTRIBUTES THE 990 AT THE BOARD OF DIRECTORS MEETING. THE BOARD VOTES TO APPROVE THE 990.
POLICIES	PART VI, SECTION B, LINE 12C	Annual signed statements are provided that affirms that the interested parties are in compliance with the conflict of interest policy.
DISCLOSURE	PART VI, SECTION C, LINE 19	The governing documents, conflict of interest policy and financial statements are available to the public upon request.
EXECUTIVE COMPENSATION	PART VI, SECTION B, LINE 15	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 SIMILIAR TO THE OFFICERS OF PROMESA.
HOURS DEVOTED FOR RELATED ORGANIZATION	FORM 990 PART VII	NAME:HON. HECTOR L. DIAZ TITLE:member HOURS:34
HOURS DEVOTED FOR RELATED ORGANIZATION	FORM 990 PART VII	NAME:TOMAS DEL RIO TITLE:CFO HOURS:33
HOURS DEVOTED FOR RELATED ORGANIZATION	FORM 990 PART VII	NAME:PAMELA MATTEL TITLE:COO HOURS:33
HOURS DEVOTED FOR RELATED ORGANIZATION	FORM 990 PART VII	NAME:RAUL RUSSI TITLE:CEO HOURS:33
HOURS DEVOTED FOR RELATED ORGANIZATION	FORM 990 PART VII	NAME:ADRIENE ROSELL TITLE:ADMINISTRATOR HOURS:35
HOURS DEVOTED FOR RELATED ORGANIZATION	FORM 990 PART VII	NAME:DR. SAROJ BAKSHI TITLE:MEDICAL DIRECTOR HOURS:35
HOURS DEVOTED FOR RELATED ORGANIZATION	FORM 990 PART VII	NAME:OCTAVIO LIRIANO TITLE:ASSISTANT MEDICAL DIRECTOR HOURS:35
HOURS DEVOTED FOR RELATED ORGANIZATION	FORM 990 PART VII	NAME:DR. DANIEL ROSA TITLE:ASSISTANT MEDICAL DIRECTOR HOURS:35

Schedule R IRS990ScheduleR

Form990 Schedule R Part II Form990ScheduleRPartII (17 entries)

Address Line1AddressUS/AddressLine1	CityAddressUS/City	StateAddressUS/State	ZIP CodeAddressUS/ZIPCode	EINEIN	Primary ActivitiesPrimaryActivities	Legal Domicile StateLegalDomicileState	Exempt Code SectionExemptCodeSection	Public Charity StatusPublicCharityStatus	Business Name Line1DirectControllingEntityName/BusinessNameLine1
PROMESA INC
311 EAST 175TH STREET	BRONX	NY	10457	132663328	HEALTH SERV	NY	501(c)(3)	9	System
PROMESA FOUNDATION INC
311 EAST 175TH STREET	BRONX	NY	10457	133411787	DEVELOP. ARM	NY	501(c)(3)	7	System
PROMESA ADMINISTRATIVE ORGANIZATION INC
311 EAST 175TH STREET	BRONX	NY	10457	133653276	MGMT CO	NY	501(c)(3)	7	System
PROMESA RESIDENTIAL HEALTHCARE FACILITY
308 EAST 175TH STREET	BRONX	NY	10457	133676681	HEALTHCARE	NY	501(c)(3)	7	System
PROMESA SYSTEMS INC
300 EAST 175TH STREET	BRONX	NY	10457	134014082	ADMIN	NY	501(c)(3)	7	NA
CORPORATION FOR YOUTH ENERGY CORPS
1778 CLAY AVE	BRONX	NY	10457	133072640	YOUTH PROG	NY	501(c)(3)	7	System
EAST HARLEM COUNCIL FOR COMMUNITY IMPROV
413 EAST 120TH STREET	NEW YORK CITY	NY	10035	132969933	HOUSING	NY	501(c)(3)	7	System
BRONX ADDICTION SERVICES INTEGRATED SYS
1064 FRANKLIN AVENUE	BRONX	NY	10456	133244626	DRUG REHAB	NY	501(c)(3)	7	System
BASICS HOUSING
1064 FRANKLIN AVENUE	BRONX	NY	10456	260076866	HOUSING	NY	501(c)(3)	7	System
GENERAL DEVELOPMENT AND ORIENTATION
717 SOUTHERN BLVD	BRONX	NY	10455	133333051	HOUSING	NY	501(c)(3)	7	System
HELLGATE MANAGEMENT CORPORATION
413 EAST 120TH STREET	BRONX	NJ	10035	132985574	MANAGEMENT	NY	501(c)(3)	7	System
EHCCI LA FORTALEZA HDFC
413 EAST 120TH STREET	NEW YORK	NY	10035	132969933	HOUSING	NY	501(c)(3)	7	System
EHCCI PARK PLAZA APARTMENTS HDFC
413 EAST 120TH STREET	NEW YORK	NY	10035	132969933	HOUSING	NY	501(c)(3)	7	System
1068 FRANKLIN AVENUE HOUSING DEVELOPMENT
1776 CLAY AVENUE	BRONX	NY	10457	132663328	HOUSING	NY	501(C)(3)	7	System
THE JULIO MARTINEZ MEMORIAL FUND
1064 FRANKLIN AVENUE	BRONX	NY	10456	810623501	SUPP.DISAD.YT	NY	501(c)(3)	7	System
ST ANN'S CORNER OF HARM REDUCTION INC
310 WALTON AVE	BRONX	NY	10451	133724008	DRUG REHAB	NY	501(C)(3)	7	System
PROMESA HOMEFIRST
1776 CLAY AVE	BRONX	NY	10457	322217515	HOUSING	NY	501(C)(3)	7	System

Form990 Schedule R Part III Form990ScheduleRPartIII (3 entries)

Address Line1AddressUS/AddressLine1	CityAddressUS/City	StateAddressUS/State	ZIP CodeAddressUS/ZIPCode	EINEIN	Primary ActivityPrimaryActivity	Legal Domicile StateLegalDomicileState
URBAN RENAISSANCE COLLABORATION LP
1776 CLAY AVE	BRONX	NY	10457	113665575	HOUSING	NY
PROMESA APARTMENTS LP
1776 CLAY AVE	BRONX	NY	10457	208678386	HOUSING	NY
PROMESA COURT LIMITED PARTNERSHIP
1776 CLAY AVE	BRONX	NY	10457	263478423	HOUSING	NY

Form990 Schedule R Part IV Form990ScheduleRPartIV (7 entries)

Address Line1AddressUS/AddressLine1	CityAddressUS/City	StateAddressUS/State	ZIP CodeAddressUS/ZIPCode	EINEIN	Primary ActivityPrimaryActivity	Legal Domicile StateLegalDomicileState	Type Of EntityTypeOfEntity	Percentage OwnershipPercentageOwnership
PROMESA COMMUNITY APARTMENTS INC
1776 CLAY AVE	BRONX	NY	10457	208678278	HOUSING	NY	C CORP
URBAN RENAISSANCE COLLABORATION INC
1776 CLAY AVE	BRONX	NY	10457	061669310	HOUSING	NY	C CORP
245 E MOSHOLU INC
1776 CLAY AVE	BRONX	NY	10457	272032190	HOUSING	NY	C CORP
245 E MOSHOLU APTS LLC
1776 CLAY AVE	BRONX	NY	10457	272032348	HOUSING	NY	C CORP
PROMESA COURT HOUSES INC
1776 CLAY AVE	BRONX	NY	10457	263478373	HOUSING	NY	C CORP
245 EAST MOSHOLU PARKWAY HDFC
1776 CLAY AVE	BRONX	NY	10457	264685755	HOUSING	NY	C CORP
PROMESA ENTERPRISES LTD
1776 CLAY AVENUE	BRONX	NY	10457	133819522	HOUSING	NY	C CORP	1.00000

Field	Value	IRS element (for citing)
Receipt Of Int Ann Rents Royalties	false	ReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other Org	false	GiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other Org	false	GiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other Org	false	LoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other Org	false	LoansOrGuaranteesFromOtherOrg
Sale Of Assets To Other Org	false	SaleOfAssetsToOtherOrg
Purchase Of Assets From Other Org	false	PurchaseOfAssetsFromOtherOrg
Exchange Of Assets	false	ExchangeOfAssets
Rental Of Facilities To Other Orgs	true	RentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other Orgs	false	RentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other Orgs	false	PerformOfServicesForOtherOrgs
Perform Of Services By Other Orgs	false	PerformOfServicesByOtherOrgs
Sharing Of Facilities	false	SharingOfFacilities
Sharing Of Paid Employees	false	SharingOfPaidEmployees
Reimbursement Paid To Other Org	true	ReimbursementPaidToOtherOrg
Reimbursement Paid By Other Org	true	ReimbursementPaidByOtherOrg
Other Transfer To Other Org	false	OtherTransferToOtherOrg
Other Transfer From Other Org	false	OtherTransferFromOtherOrg