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Nonprofit · EIN 66-0540331

DESARROLLOS UNIVERSITARIOS INC

Tax-exempt · SAN JUAN, PR 00925

Financials

$3.9M$2.4M2024
Revenue Expenses · by fiscal year end
Financials of DESARROLLOS UNIVERSITARIOS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$3,882,538$2,359,419$1,523,119$64,216,815$46,482,907$17,733,908
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$3,115,658
of which government grants
$3,115,658
Program service revenue
$0
Investment income
$766,880
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$76,727
Accounting fees
$31,500
Program services (functional)
$2,359,419

Balance sheet and other

Total assets, start of year
$65,813,426
Total assets, end of year
$64,216,815
Total liabilities, end of year
$46,482,907
Net assets, end of year
$17,733,908
Net assets without donor restrictions
$17,733,908
Gross receipts
$3,882,538
Employees
5

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
JUSSEFF M GALLDIREC & PRES
Trustee or director
4$0
MANUEL E ARESDIRECTOR
Trustee or director
4$0
WILLAM KORBERDIRECTOR
Trustee or director
4$0
CARLOS L MARREDIRECTOR
Trustee or director
4$0
LUIS A FERRAODIRECTOR
Trustee or director
4$0

Address and contacts

Address (IRS master file)
3 AVE UNIVERSIDAD ADMINISTRACION, SAN JUAN, PR 00925-0000
Principal officer (990 for 2024)
WILLIAM KORBER, 3 AVE UNIVERSIDAD ADMINISTRACION, SAN JUAN, PR 00925
Signed the 990
WILLIAM KORBER, EXECUTIVE DIRECTOR
Phone
(787) 904-9985
Return prepared by
RS & ASSOC CPA-PSC

Mission

DEVELOPMENT, CONSTRUCTING AND OPERATING CERTAIN EDUCATIONAL FACILITIES FOR THE BENEFIT OF THE UNIVERSITY OF PR AND PROVIDE STUDENT HOUSING, ADMINISTRATIVE OFFICES, LIMITED COMMERCIAL SPACES AND PARKING F

990 for the year ended June 30, 2025

Program accomplishments

  • EXPENSES TO PROVIDE STUDENT HOUSING AND INSTITUTIONAL BUILDING FOR
    Expenses $2,359,419 · revenue $3,882,538

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024Check at the IRS

IRS record

EIN
66-0540331
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization (509(a)(3))
Donations deductible (Pub 78)
Supporting organization of unknown type
Exempt since
2001
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B114)
Assets (IRS master file)
$64,216,815
Income (IRS master file)
$3,882,538

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$3,882,538$2,359,419$64,216,815IRS
990June 2023$4,106,614$2,789,724$67,094,183IRS
990June 2022$4,249,466$3,101,616$68,440,152IRS
990June 2021–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 66-0540331).

Questions about DESARROLLOS UNIVERSITARIOS INC

What is the EIN of DESARROLLOS UNIVERSITARIOS INC?
The employer identification number (EIN) of DESARROLLOS UNIVERSITARIOS INC is 66-0540331.
Is DESARROLLOS UNIVERSITARIOS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
Are donations to DESARROLLOS UNIVERSITARIOS INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
Which annual return does DESARROLLOS UNIVERSITARIOS INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of DESARROLLOS UNIVERSITARIOS INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did DESARROLLOS UNIVERSITARIOS INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of DESARROLLOS UNIVERSITARIOS INC?
The 990 for the year ended June 30, 2025 names WILLIAM KORBER.
Who are the officers and directors of DESARROLLOS UNIVERSITARIOS INC?
The 990 for the year ended June 30, 2025 lists 5 people; 0 received compensation from the organization.
How much revenue does DESARROLLOS UNIVERSITARIOS INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $3,882,538, expenses of $2,359,419 and total assets of $64,216,815 at year end.

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