INQUILINOS BORICUAS EN ACCION INC: Form 990, tax year 2025

View the entire original 990 at ProPublica ↗

Organization
INQUILINOS BORICUAS EN ACCION INC (EIN 23-7090081)
Tax period
2025-01-01 to 2025-12-31
Filed
2026-05-11
IRS object ID
202601319349303145
Schema version
2025v4.1
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)
Return2026-05-11T15:48:42-05:00ReturnTs
Tax Period End2025-12-31TaxPeriodEndDt

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 Begin2025-01-01TaxPeriodBeginDt

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 Line185 W NEWTON STREETAddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02118ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonVANESSA CALDERON-ROSADOPersonNm
Person TitleCHIEF EXECUTIVE OFFICERPersonTitleTxt
Phone6179271707PhoneNum
Signature2026-05-11SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMATTHEW HUTT CPAPreparerPersonNm
PTINP01070603PTIN
Phone5083669100PhoneNum
Preparation2026-05-11PreparationDt
FieldValueIRS element (for citing)
Tax2025TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Principal OfficerVANESSA CALDERON-ROSADOPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line185 W NEWTON STREETAddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02118ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$59,295,059GrossReceiptsAmt
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 Body14VotingMembersGoverningBodyCnt
Voting Members Independent14VotingMembersIndependentCnt
Total Employee54TotalEmployeeCnt
Total Volunteers19TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$7,728,747PYContributionsGrantsAmt
CY Contributions Grants$7,504,505CYContributionsGrantsAmt
PY Program Service Revenue$19,642,420PYProgramServiceRevenueAmt
CY Program Service Revenue$21,272,462CYProgramServiceRevenueAmt
PY Investment Income$4,130,554PYInvestmentIncomeAmt
CY Investment Income$4,476,257CYInvestmentIncomeAmt
PY Other Revenue$129,206PYOtherRevenueAmt
CY Other Revenue$40,289CYOtherRevenueAmt
PY Total Revenue$31,630,927PYTotalRevenueAmt
CY Total Revenue$33,293,513CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$3,592,204CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$6,472,226PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$6,627,949CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$724,783CYTotalFundraisingExpenseAmt
PY Other Expenses$15,773,891PYOtherExpensesAmt
CY Other Expenses$16,099,349CYOtherExpensesAmt
PY Total Expenses$22,246,117PYTotalExpensesAmt
CY Total Expenses$26,319,502CYTotalExpensesAmt
PY Revenues Less Expenses$9,384,810PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$6,974,011CYRevenuesLessExpensesAmt
Total Assets BOY$250,278,381TotalAssetsBOYAmt
Total Assets EOY$260,977,144TotalAssetsEOYAmt
Total Liabilities BOY$110,835,218TotalLiabilitiesBOYAmt
Total Liabilities EOY$107,693,760TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$139,443,163NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$153,283,384NetAssetsOrFundBalancesEOYAmt
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$17,952,276ExpenseAmt
Grant$3,592,204GrantAmt
Revenue$18,720,102RevenueAmt
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$1,901,537ExpenseAmt
Revenue$204,156RevenueAmt
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$1,434,675ExpenseAmt
Revenue$803,419RevenueAmt
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
$587,157$47,995ARTS - THE LARGEST LATINO ARTS CENTER IN NEW ENGLAND, IBA PRESENTS CONCERTS, FESTIVALS, EXHIBITS AND OTHER HIGH QUALITY PROGRAMMING THAT IS AFFORDABLE ACCESSIBLE, AND INNOVATIVE.
$978,031YOUTH 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.
$785,079RESIDENT 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.
$452,844FINANCIAL EMPOWERMENT PROGRAM SUPPORTS ITS COMMUNITY IN ACHIEVING FINANCIAL STABILITY BY PROVIDING ACCESSIBLE, BILINGUAL FINANCIAL EDUCATION PROGRAMMING AND PERSONALIZED FINANCIAL COACHING. THE FINANCIAL EMPOWERMENT PROGRAM OFFERS BOTH ONE-ON-ONE FINANCIAL COACHING AND GROUP FINANCIAL EDUCATION CLASSES THAT COVER TOPICS SUCH AS BUDGETING, MANAGING LOANS, BUILDING CREDIT, OPENING A BANK ACCOUNT, SAVINGS AND ELIMINATING DEBT.
$1,671,016REAL ESTATE DEVELOPMENT
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$2,803,111TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Revenue$1,719,011TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$24,091,599TotalProgramServiceExpensesAmt
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 OrganizationsYes (1)GrantsToOrganizationsInd
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 Document130IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee54EmployeeCnt
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 Members14GoverningBodyVotingMembersCnt
Independent Voting Member14IndependentVotingMemberCnt
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 Line185 W NEWTON STREETAddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02118ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (26 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
WENDY MELENDEZ
CLERK0.200.40Yes (X)Yes (X)$0$0$0
KIRA TAFORO
MEMBER0.200.40Yes (X)$0$0$0
VADIM KUKSIN
MEMBER0.200.40Yes (X)$0$0$0
ROBERT GOLDSTEIN
MEMBER0.200.45Yes (X)$0$0$0
PATRICK GREENE
MEMBER0.200.40Yes (X)$0$0$0
ANDRES COLON
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
LAURIE GOULD
MEMBER0.200.45Yes (X)$0$0$0
IRIS SANCHEZ
MEMBER0.200.40Yes (X)$0$0$0
HECTOR CRUZ
MEMBER (UNTIL 12/2025)0.200.40Yes (X)$0$0$0
HECTOR COLON
MEMBER (UNTIL 2025)0.200.40Yes (X)$0$0$0
REINELDA RIVERA
MEMBER (UNTIL 2025)0.200.40Yes (X)$0$0$0
CINDY WILLIAMS
MEMBER (UNTIL 2025)0.200.40Yes (X)$0$0$0
MIGUEL VASQUEZ
MEMBER (UNTIL 2025)0.200.40Yes (X)$0$0$0
VANESSA CALDERON-ROSADO
CHIEF EXECUTIVE OFFICER34.400.60Yes (X)$331,695$0$54,303
MAYRA NEGRON-ROCHE
CHIEF OPERATING OFFICER34.400.60Yes (X)$284,006$0$50,975
RAFAEL PEREZ MEDINA
CHIEF PROGRAM OFFICER (UNTIL 8/25)35.00$176,580$0$25,150Yes (X)
XAVIER CHAVARRIA
CHIEF HUMAN RESOURCES OFFICER35.00$148,000$0$14,991Yes (X)
JASON DULONG
FACILITIES DIRECTOR (UNTIL 12/25)35.00$135,552$0$13,744Yes (X)
KARTHIKEYAN RAJU
CONTROLLER35.00$122,697$0$28,540Yes (X)
YAHAIRA OBJIO
RESIDENT SERVICES PROGRAM DIR.35.00$114,094$0$22,573Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,312,624TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$210,276TotalOtherCompensationAmt
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
WORKFLOW INTERIORS
132 CANAL STREET 2ND FLOORBOSTONMA02114PROJECT MANAGEMENT SERVICES$440,937
CAMBRIDGE TRUST WEALTH MANAGEMENT
125 HIGH STREET 9TH FLOORBOSTONMA02110INVESTMENT MANAGER$425,886
GALVIN TECHNOLOGIES INC
9745 RANDALL DRIVE SUITE 140CARMELIN46280SALESFORCE IMPLEMENTATION , DEVELOPMENT$353,577
AUDIO SPECTRUM INC
50 MAZZEO DRIVERANDOLPHMA02368AUDIO/VISUAL EQUIPMENT SERVICES$278,226
THE CASTLE GROUP INC
38 THIRD AVENUECHARLESTOWNMA02129MARKETING CONSULTANT$226,760
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K7CntrctRcvdGreaterThan100KCnt
Federated Campaigns$84,000FederatedCampaignsAmt
Fundraising$373,620FundraisingAmt
Government Grants$1,873,500GovernmentGrantsAmt
All Other Contributions$5,173,385AllOtherContributionsAmt
Total Contributions$7,504,505TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
RENTAL INCOME531390$18,720,102$18,720,102
DEVELOPER FEES531390$1,671,016$1,671,016
GROUND LEASE FEES531390$436,510$436,510
PARTNERSHIP AND INCENTIVE MANAGEM531390$240,678$240,678
PARENT AND OTHER FEES624100$204,156$204,156
FieldValueIRS element (for citing)
Total Program Service Revenue$21,272,462TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,514,078TotalRevenueColumnAmt
Exclusion$2,514,078ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$27,829,788SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$25,867,609SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$1,962,179SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,962,179TotalRevenueColumnAmt
Exclusion$1,962,179ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$0FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$373,620ContriRptFundraisingEventAmt
Fundraising Direct Expenses$133,937FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$133,937TotalRevenueColumnAmt
Exclusion-$133,937ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
DEFERRED INTEREST900099$126,231$126,231
OTHER INCOME531390$47,995$47,995
FieldValueIRS element (for citing)
Other Revenue Total$174,226OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$33,293,513TotalRevenueColumnAmt
Related Or Exempt Func Income$21,446,688RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$4,342,320ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$3,592,204TotalAmt
Program Services$3,592,204ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$720,979TotalAmt
Program Services$297,555ProgramServicesAmt
Management And General$155,776ManagementAndGeneralAmt
Fundraising$267,648FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$4,258,470TotalAmt
Program Services$3,681,343ProgramServicesAmt
Management And General$337,890ManagementAndGeneralAmt
Fundraising$239,237FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$109,083TotalAmt
Program Services$88,735ProgramServicesAmt
Management And General$11,205ManagementAndGeneralAmt
Fundraising$9,143FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$1,142,411TotalAmt
Program Services$984,237ProgramServicesAmt
Management And General$116,547ManagementAndGeneralAmt
Fundraising$41,627FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$397,006TotalAmt
Program Services$332,393ProgramServicesAmt
Management And General$36,062ManagementAndGeneralAmt
Fundraising$28,551FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$447,573TotalAmt
Program Services$447,573ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$50,127TotalAmt
Program Services$42,423ProgramServicesAmt
Management And General$7,704ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$150,674TotalAmt
Program Services$45,974ProgramServicesAmt
Management And General$104,700ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$644,318TotalAmt
Program Services$442,581ProgramServicesAmt
Management And General$104,996ManagementAndGeneralAmt
Fundraising$96,741FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$233,589TotalAmt
Program Services$154,790ProgramServicesAmt
Management And General$77,183ManagementAndGeneralAmt
Fundraising$1,616FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$152,819TotalAmt
Program Services$124,481ProgramServicesAmt
Management And General$14,180ManagementAndGeneralAmt
Fundraising$14,158FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$9,235,474TotalAmt
Program Services$9,096,067ProgramServicesAmt
Management And General$129,000ManagementAndGeneralAmt
Fundraising$10,407FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$188,018TotalAmt
Program Services$174,444ProgramServicesAmt
Management And General$13,476ManagementAndGeneralAmt
Fundraising$98FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$4,090,389TotalAmt
Program Services$4,072,040ProgramServicesAmt
Management And General$18,349ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
MISCELLANEOUS$404,882$63,196$328,341$13,345
STIPENDS$192,920$192,920
SECURITY AND RESIDENT S$136,320$135,752$568
PROGRAM SUPPLIES$119,092$105,658$13,154$280

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$53,154TotalAmt
Program Services$17,233ProgramServicesAmt
Management And General$33,989ManagementAndGeneralAmt
Fundraising$1,932FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$26,319,502TotalAmt
Program Services$24,091,599ProgramServicesAmt
Management And General$1,503,120ManagementAndGeneralAmt
Fundraising$724,783FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$295,592BOYAmt
EOY$1,060,495EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$17,292,562BOYAmt
EOY$17,258,767EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$12,860,231BOYAmt
EOY$13,237,658EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$15,073,229BOYAmt
EOY$14,948,432EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$477,658BOYAmt
EOY$461,390EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$140,399,677LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$42,043,814LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$100,410,983BOYAmt
EOY$98,355,863EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$95,786,372BOYAmt
EOY$109,441,407EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$2,712,595BOYAmt
EOY$2,247,766EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$5,369,159BOYAmt
EOY$3,965,366EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$250,278,381BOYAmt
EOY$260,977,144EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,821,872BOYAmt
EOY$2,085,202EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

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

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$96,799,598BOYAmt
EOY$93,554,419EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$409,609BOYAmt
EOY$250,000EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$110,835,218BOYAmt
EOY$107,693,760EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$123,984,279BOYAmt
EOY$134,769,110EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$15,458,884BOYAmt
EOY$18,514,274EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$139,443,163BOYAmt
EOY$153,283,384EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$250,278,381BOYAmt
EOY$260,977,144EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$6,974,011ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$10,271,340NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets-$3,405,130OtherChangesInNetAssetsAmt
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$4,022,313CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$6,960,724CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,391,150CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$7,728,747CurrentTaxYearMinus1YearAmt
Current Tax Year$7,504,505CurrentTaxYearAmt
Total$29,607,439TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$4,022,313CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$6,960,724CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,391,150CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$7,728,747CurrentTaxYearMinus1YearAmt
Current Tax Year$7,504,505CurrentTaxYearAmt
Total$29,607,439TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$2,869,445SubstantialContributorsTotAmt
Public Support Total170$26,737,994PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,217,095CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,087,115CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,646,101CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,383,745CurrentTaxYearMinus1YearAmt
Current Tax Year$2,514,078CurrentTaxYearAmt
Total$8,848,134TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$2,600,000CurrentTaxYearMinus2YearsAmt
Total$2,600,000TotalAmt
FieldValueIRS element (for citing)
Total Support$41,055,573TotalSupportAmt
Gross Receipts Rltd Activities$75,984,455GrossReceiptsRltdActivitiesAmt
Public Support CY1700.65130PublicSupportCY170Pct
Public Support PY1700.66050PublicSupportPY170Pct
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$80,398,134BeginningYearBalanceAmt
Investment Earnings Or Losses$12,200,748InvestmentEarningsOrLossesAmt
Administrative Expenses$321,209AdministrativeExpensesAmt
End Year Balance$92,277,673EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

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 Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

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 Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

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 Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

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
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$1,416,926OtherCostOrOtherBasisAmt
Book Value$1,416,926BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$131,671,945OtherCostOrOtherBasisAmt
Depreciation$40,559,249DepreciationAmt
Book Value$91,112,696BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$7,310,806OtherCostOrOtherBasisAmt
Depreciation$1,484,565DepreciationAmt
Book Value$5,826,241BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$98,355,863TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (4 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
U.S. TREASURY BONDS$16,421,834F
CASH AND CASH EQUIVALENTS$7,069,502F
FIXED INCOME FUNDS$1,072,752F
EQUITIES$84,877,319F
FieldValueIRS element (for citing)
Total Book Value Securities$109,441,407TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescCONDITIONAL GRANT ADVANCEDesc
Amt$250,000Amt
FieldValueIRS element (for citing)
Total Liability$250,000TotalLiabilityAmt
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, 2025. 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$373,620GrossReceiptsEvent1Amt
Charitable Contri Event1$373,620CharitableContriEvent1Amt
Rent Facility Costs Event1$5,728RentFacilityCostsEvent1Amt
Food And Beverage Event1$2,823FoodAndBeverageEvent1Amt
Other Direct Expenses Event1$125,386OtherDirectExpensesEvent1Amt
Gross Receipts Total$373,620GrossReceiptsTotalAmt
Charitable Contributions Tot$373,620CharitableContributionsTotAmt
Rent Fclty Costs Total Events$5,728RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$2,823FoodAndBeverageTotalEventsAmt
Oth Direct Expnss Total Events$125,386OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$133,937DirectExpenseSummaryEventsAmt
Net Income Summary-$133,937NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtPurpose Of GrantPurposeOfGrantTxt
IBA REAL ESTATE SUPPORT CORPORATION
85 W NEWTON STREETBOSTONMA02118882578356501(C)(3)$3,582,204$0TO HELP FUND THE PROJECT IN DEVELOPMENT
NATIONAL PUERTO RICAN AGENDA
2637 N 5TH STREET 3RD FLOORPHILADELPHIAPA19133501(C)(3)$10,000$0OPERATING SUPPORT
FieldValueIRS element (for citing)
Total501c3 Org2Total501c3OrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationIBA REAL ESTATE IS A RELATED ENTITY THAT IS CONTROLLED BY IBA. THEREFORE, IBA MONITORS THE USE OF GRANT FUNDS BY CONTROLLING THE FUNDS.ExplanationTxt

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$331,695$0$0$0$0$0$26,072$0$28,231$0$385,998$0$0$0
MAYRA NEGRON-ROCHE
CHIEF OPERATING OFFICER$284,006$0$0$0$0$0$22,382$0$28,593$0$334,981$0$0$0
RAFAEL PEREZ MEDINA
CHIEF PROGRAM OFFICER (UNTIL 8/25)$176,580$0$0$0$0$0$9,144$0$16,006$0$201,730$0$0$0
XAVIER CHAVARRIA
CHIEF HUMAN RESOURCES OFFICER$148,000$0$0$0$0$0$4,190$0$10,801$0$162,991$0$0$0
KARTHIKEYAN RAJU
CONTROLLER$122,697$0$0$0$0$0$0$0$28,540$0$151,237$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 -1,153,669. COMMON CONTROL TRANSFER OF ASSETS -2,173,150. TRANSFER TO AFFILIATE -78,311.
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 (13 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdTotal IncomeTotalIncomeAmtEnd Of Year AssetsEndOfYearAssetsAmtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Txt
CASAS BORINQUEN APARTMENTS LLC (DISSOLVED IN 2025)
85 W NEWTON STREETBOSTONMA02118237090081AFFORDABLE HOUSINGMA$0$0INQUILINOS BORICUAS EN ACCION INC
CASAS BORINQUEN APARTMENTS LIMITED PATNERSHIP (DISSOLVED IN 2025)
85 W NEWTON STREETBOSTONMA02118237090081AFFORDABLE HOUSINGMA$0$0CASAS BORINQUEN APARTMENTS LLC
SOUTH END APARTMENTS LLC
85 W NEWTON STREETBOSTONMA02118237090081AFFORDABLE HOUSINGMA$0$35,766SOUTH END APARTMENTS MM LLC
SOUTH END APARTMENTS MM LLC
85 W NEWTON STREETBOSTONMA02118237090081AFFORDABLE HOUSINGMA$0$0INQUILINOS BORICUAS EN ACCION INC
VIVIENDAS LLC
85 W NEWTON STREETBOSTONMA02118237090081AFFORDABLE HOUSINGMA$9,190,932$46,760,222VIVIENDAS MM LLC
VIVIENDAS MM LLC
85 W NEWTON STREETBOSTONMA02118237090081AFFORDABLE HOUSINGMA$0$0INQUILINOS BORICUAS EN ACCION INC
VICTORIA APARTMENTS GP LLC
85 W NEWTON STREETBOSTONMA02118237090081AFFORDABLE HOUSINGMA$0$0INQUILINOS BORICUAS EN ACCION INC
FORTES HOUSE LLC
85 W NEWTON STREETBOSTONMA02118237090081AFFORDABLE HOUSINGMA$0$2,212,000INQUILINOS BORICUAS EN ACCION INC
IELC LLC
85 W NEWTON STREETBOSTONMA02118237090081AFFORDABLE HOUSINGMA$0$0INQUILINOS BORICUAS EN ACCION INC
THE PREPARATORY FOUNDATION LLC
85 W NEWTON STREETBOSTONMA02118237090081AFFORDABLE HOUSINGMA$0$0INQUILINOS BORICUAS EN ACCION INC
IBA HOLDINGS LLC
85 W NEWTON STREETBOSTONMA02118237090081AFFORDABLE HOUSINGMA$0$0INQUILINOS BORICUAS EN ACCION INC
VICTORIA APARTMENTS LIMITED PARTNERSHIP
85 W NEWTON STREETBOSTONMA02118800033315AFFORDABLE HOUSINGMA$9,353,461$50,412,663INQUILINOS BORICUAS EN ACCION INC
RESIDENCIA BETANCES LLC
85 W NEWTON STREETBOSTONMA02118237090081AFFORDABLE HOUSINGMA$343,982$1,508,003INQUILINOS 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
85 W NEWTON STREETBOSTONMA02118042699390AFFORDABLE HOUSINGMA501(C)(3)LINE 12A, IINQUILINOS BORICUAS EN ACCION INCYes (1)
THE RESIDENCES AT NEPONSET FIELD INC
85 W NEWTON STREETBOSTONMA02118261590901AFFORDABLE HOUSINGMA501(C)(3)LINE 7INQUILINOS BORICUAS EN ACCION INCYes (1)
IBA REAL ESTATE SUPPORT CORPORATION
85 W NEWTON STREETBOSTONMA02118882578356AFFORDABLE HOUSINGMA501(C)(3)LINE 12C, III-FIINQUILINOS BORICUAS EN ACCION INCYes (1)

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (4 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
85 W NEWTON STREETBOSTONMA02118611788746AFFORDABLE HOUSINGMAWEST NEWTON RUTLAND MM LLC00
SOUTH END APARTMENTS LIMITED PARTNERSHIP
85 W NEWTON STREETBOSTONMA02118043551097AFFORDABLE HOUSINGMAETCDC INC00$1,665,916$6,053,4190.99990
ROBERT L FORTES HOUSE LIMITED PARTNERSHIP
85 W NEWTON STREETBOSTONMA02118043748044AFFORDABLE HOUSINGMAETC FORTES INC00$1,346,258$5,810,9290.99990
CASAS BORINQUEN LLC
85 W NEWTON STREETBOSTONMA02118994047772AFFORDABLE HOUSINGMACASAS BORINQUEN MM LC00

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (5 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtEntity TypeEntityTypeTxtShare Of Total IncomeShareOfTotalIncomeAmtShare Of EOY AssetsShareOfEOYAssetsAmtOwnershipOwnershipPctControlled OrganizationControlledOrganizationInd
WEST NEWTON RUTLAND MM LLC
85 W NEWTON STREETBOSTONMA02118812001989AFFORDABLE HOUSINGMAINQUILINOS BORICUAS EN ACCION INCC-$1,841$790.79000Yes (1)
ETCDC INC
85 W NEWTON STREETBOSTONMA02118043546738AFFORDABLE HOUSINGMAINQUILINOS BORICUAS EN ACCION INCC-$1,910$90.79000Yes (1)
ETC FORTES INC
85 W NEWTON STREETBOSTONMA02118341974884AFFORDABLE HOUSINGMAROBERT FORTES HOUSE INCC-$1,597$10.790000
CASAS BORINQUEN MM LLC
85 W NEWTON STREETBOSTONMA02118994052633AFFORDABLE HOUSINGMAINQUILINOS BORICUAS EN ACCION INCC0.50000Yes (1)
RESIDENCIA BETANCES INC (DISSOLVED IN 2025)
85 W NEWTON STREETBOSTONMA02118043166808AFFORDABLE HOUSINGMAINQUILINOS BORICUAS EN ACCION INCC1.00000Yes (1)
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$53,129FAIR MARKET VALUE
SOUTH END APARTMENTS LIMITED PARTNERSHIP
L$87,756FAIR MARKET VALUE
IBA REAL ESTATE SUPPORT CORPORATION
B$3,582,204FAIR MARKET VALUE

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