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Nonprofit · EIN 66-0658219

INSTITUTO PARR EL DESARROLLO SOCIO ECONOMICO Y DE VIVIENCA DE PR INC

Tax-exempt · MAYAGUEZ, PR 00681

Financials

$1.1M$1.6M2023$1.3M$1.2M2024
Revenue Expenses · by fiscal year end
Financials of INSTITUTO PARR EL DESARROLLO SOCIO ECONOMICO Y DE VIVIENCA DE PR INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,349,331$1,210,532$138,799$8,811,625$2,166,972$6,644,653
December 31, 2023990$1,092,166$1,634,492-$542,326$8,744,053$2,233,958$6,510,095
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$592,389
of which government grants
$537,831
Program service revenue
$756,590
Investment income
$352
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$115,000
Salaries, compensation and benefits (total)
$533,731
Professional fundraising fees
$0
Accounting fees
$10,616
Occupancy
$39,519
Depreciation
$207,450
Program services (functional)
$902,023
Management and general (functional)
$308,509

Balance sheet and other

Total assets, start of year
$8,744,053
Total assets, end of year
$8,811,625
Total liabilities, end of year
$2,166,972
Net assets, end of year
$6,644,653
Land, buildings and equipment
$6,956,660
Net assets without donor restrictions
$634,937
Net assets with donor restrictions
$6,009,716
Gross receipts
$1,349,331
Employees
29
Volunteers
0
Year formed
2006
State of legal domicile
PR

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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
JUAN E SABATHIEEXECUTIVE DIRECTOR
Key employee
40$115,000
GERMAN A ARCELAYPRESIDENT
Trustee or director
0$0
ALEJANDRO M GUZMANVICEPRESIDENT
Trustee or director
0$0
ARLEEN I GAZTAMBIDESECRETARY
Trustee or director
0$0
GERMAN J ARCELAYTREASURER
Trustee or director
0$0
FELIX E LOPEZVOCAL
Trustee or director
0$0
MARISOL BENITEZVOCAL
Trustee or director
0$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
JUAN E SABATHIEEXECUTIVE DIRECTOR
Key employee
40$114,000
GERMAN A ARCELAYPRESIDENT
Trustee or director
0$0
ALEJANDRO M GUZMANVICEPRESIDENT
Trustee or director
0$0
ARLEEN I GAZTAMBIDESECRETARY
Trustee or director
0$0
GERMAN J ARCELAYTREASURER
Trustee or director
0$0
FELIX E LOPEZVOCAL
Trustee or director
0$0
MARISOL BENITEZVOCAL
Trustee or director
0$0

Address and contacts

Address (IRS master file)
PO BOX 7154, MAYAGUEZ, PR 00681-7154
Principal officer (990 for 2024)
JUAN E SABATHIE, PO BOX 7154, MAYAGUEZ, PR 00681
Signed the 990
JUAN E SABATHIE, EXECUTIVE DIRECTOR
Phone
(787) 832-7654

Mission

DEVELOPMENT ACTIVITIES, PROJECTS OF HOUSING AND SOCIOECONOMIC DEVELOPMENT TO ASSIST LOW AND MODERATE INCOME COMUNITIES IN PUERTO RICO.

990 for the year ended December 31, 2024

Program accomplishments

  • DEVELOPMENT, CONSTRUCTION AND REHABILITATION OF SOCIAL HOUSING
    Expenses $445,093 · revenue $537,831
  • RENTAL OF SOCIAL HOUSING
    Expenses $456,930 · revenue $287,847

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
66-0658219
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2006
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$8,811,625
Income (IRS master file)
$1,349,331

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,349,331$1,210,532$8,811,625XML
990December 2023$1,092,166$1,634,492$8,744,053XML
990December 2022$548,372$1,156,907$9,454,336IRS
990December 2021–––IRS
990December 2020–––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 66-0658219).

Questions about INSTITUTO PARR EL DESARROLLO SOCIO ECONOMICO Y DE VIVIENCA DE PR INC

What is the EIN of INSTITUTO PARR EL DESARROLLO SOCIO ECONOMICO Y DE VIVIENCA DE PR INC?
The employer identification number (EIN) of INSTITUTO PARR EL DESARROLLO SOCIO ECONOMICO Y DE VIVIENCA DE PR INC is 66-0658219.
Is INSTITUTO PARR EL DESARROLLO SOCIO ECONOMICO Y DE VIVIENCA DE PR INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
Are donations to INSTITUTO PARR EL DESARROLLO SOCIO ECONOMICO Y DE VIVIENCA DE PR INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does INSTITUTO PARR EL DESARROLLO SOCIO ECONOMICO Y DE VIVIENCA DE PR 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 INSTITUTO PARR EL DESARROLLO SOCIO ECONOMICO Y DE VIVIENCA DE PR INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did INSTITUTO PARR EL DESARROLLO SOCIO ECONOMICO Y DE VIVIENCA DE PR INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of INSTITUTO PARR EL DESARROLLO SOCIO ECONOMICO Y DE VIVIENCA DE PR INC?
The 990 for the year ended December 31, 2024 names JUAN E SABATHIE.
Who are the officers and directors of INSTITUTO PARR EL DESARROLLO SOCIO ECONOMICO Y DE VIVIENCA DE PR INC?
The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $115,000 (JUAN E SABATHIE, EXECUTIVE DIRECTOR).
How much revenue does INSTITUTO PARR EL DESARROLLO SOCIO ECONOMICO Y DE VIVIENCA DE PR INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,349,331, expenses of $1,210,532 and total assets of $8,811,625 at year end.

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