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Corporacion Para El Desarrollo De La Vivienda De Bayamon Cd

Corporacion Para El Desarrollo De La Vivienda De Bayamon Cd

Bayamon, PR
Tax ID66-0490822

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About this organization

Revenue

$985,953

Expenses

$884,193

Mission

To promote the construction, rehabilitation, and operation of affordable, safe, and decent housing for the low and moderate-income residents of the municipality of Bayamon, Puerto Rico.

About

Rental housing for low and moderate income residents - The corporation operates three housing projects located in the municipality of Bayamon, these projects consist of apartment units for low and moderate income families. The families pay rent under annual lease agreements, or apply for financial assistance from federal housing Section 8 program administered by the municipality of Bayamon. Two of these projects 'Los Millones 1 & 2' were constructed with federal funds passed through the municipality of Bayamon. The third project 'Gallardo Apartments' was acquired through a commercial loan and also receives federal housing Section 8 rent subsidies from the municipality of Bayamon, as well as commercial rental income derived from businesses located in the building.

Interesting data from their 2019 990 filing

The non-profit's aim, as stated in the filing, is “To promote the construction, rehabilitation, and operation of affordable, safe, and decent housing for the low and moderate-income residents of the municipality of bayamon, puerto rico.”.

When referring to its actions, they were outlined as: “To promote the construction, rehabilitation, and operation of affordable, safe, and decent housing for the low and moderate-income residents of the municipality of bayamon, puerto rico.”.

  • The non-profit has complied with legal obligations by reporting their state of operation as PR.
  • The non-profit's address in 2019 is noted in the filing as P O BOX 6309, BAYAMON, PR, 00960.
  • The non-profit's form for 2019 reports a total of 7 employees.
  • Is not a private foundation.
  • Expenses are between $500,000 and $1,000,000+.
  • Revenue is between $500,000 and $1,000,000+.
  • Revenue less expenses is $101,760.
  • The organization has 11 independent voting members.
  • The organization was formed in 1992.
  • The organization pays $171,548 in salary, compensation, and benefits to its employees.
  • The organization pays $0 in fundraising expenses.

Additional Non-Profits in the area

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