Form 990 for tax year 2023

Filed by PRADERA CORPORATION.

Totals

Total revenue: $6,607,680
Total expenses: $7,042,401
Contributions and grants received: $3,814,369
Grants paid: $3,687,698
Program service revenue: $2,767,179
Investment income: $26,132
Other revenue: $0
Total assets, end of year: $2,570,833
Total liabilities, end of year: $2,208,080
Net assets or fund balances, end of year: $362,753
Program services expenses (Part IX): $6,774,931
Management and general expenses: $267,470
Fundraising expenses: $0
Program service expenses (Part III): $6,774,931

Program services were 96.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1e · Government grants (contributions)

$3,675,315
1f · All other contributions, gifts and grants

$139,054
2a · Program service revenue: FOSTER CARE

total $2,767,179 · related or exempt $2,767,179
3 · Investment income

total $26,132 · excluded $26,132
4 · Income from investment of tax-exempt bond proceeds

total $0
5 · Royalties

total $0
6c · Rental income or loss

real property $0 · personal property $0
6d · Net rental income or loss

total $0
7d · Net gain or loss

total $0
8a · Fundraising events: gross income

$0
8b · Fundraising events: direct expenses

$0
8c · Net income from fundraising events

total $0
9a · Gaming: gross income

$0
9b · Gaming: direct expenses

$0
9c · Net income from gaming

total $0
10a · Gross sales of inventory

$0
10b · Cost of goods sold

$0
10c · Net income from sales of inventory

total $0
11e · Other revenue, total

$0

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $0
2 · Grants to domestic individuals

total $3,687,698 · program services $3,687,698
3 · Grants to foreign organizations and individuals

total $0
4 · Benefits paid to or for members

total $0
5 · Compensation of officers, directors and key employees

total $0
6 · Compensation of disqualified persons

total $0
7 · Other salaries and wages

total $1,509,221 · program services $1,509,221
8 · Pension plan contributions

total $0
9 · Other employee benefits

total $452,706 · program services $452,706
10 · Payroll taxes

total $0
11a · Fees: management

total $267,470 · management and general $267,470
11b · Fees: legal

total $0
11c · Fees: accounting

total $18,833 · program services $18,833
11d · Fees: lobbying

total $0
11e · Fees: professional fundraising services

total $0
11f · Fees: investment management

total $0
11g · Fees: other

total $11,217 · program services $11,217
12 · Advertising and promotion

total $9,824 · program services $9,824
13 · Office expenses

total $214,260 · program services $214,260
14 · Information technology

total $29,152 · program services $29,152
15 · Royalties

total $0
16 · Occupancy

total $395,366 · program services $395,366
17 · Travel

total $42,687 · program services $42,687
18 · Travel or entertainment for public officials

total $0
19 · Conferences, conventions and meetings

total $10,621 · program services $10,621
20 · Interest

total $0
21 · Payments to affiliates

total $0
22 · Depreciation, depletion and amortization

total $46,354 · program services $46,354
23 · Insurance

total $198,237 · program services $198,237
24a · Other expenses: BAD DEBT EXPENSE

total $148,755 · program services $148,755

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $137,441 · end of year $116,314
2 · Savings and temporary cash investments

beginning of year $1,072,579 · end of year $1,071,805
3 · Pledges and grants receivable

beginning of year $510,096 · end of year $598,687
4 · Accounts receivable

beginning of year $0 · end of year $0
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
7 · Other notes and loans receivable

beginning of year $0 · end of year $0
8 · Inventories for sale or use

beginning of year $0 · end of year $0
9 · Prepaid expenses and deferred charges

beginning of year $21,596 · end of year $24,690
10a · Land, buildings and equipment: cost or other basis

$896,708
10b · Land, buildings and equipment: accumulated depreciation

$681,026
10c · Land, buildings and equipment, net

beginning of year $262,036 · end of year $215,682
11 · Investments: publicly traded securities

beginning of year $0 · end of year $0
12 · Investments: other securities

beginning of year $0 · end of year $0
13 · Investments: program-related

beginning of year $0 · end of year $0
14 · Intangible assets

beginning of year $0 · end of year $0
15 · Other assets

beginning of year $798,312 · end of year $543,655
17 · Accounts payable and accrued expenses

beginning of year $1,428,484 · end of year $1,631,978
18 · Grants payable

beginning of year $0 · end of year $0
19 · Deferred revenue

beginning of year $0 · end of year $0
20 · Tax-exempt bond liabilities

beginning of year $0 · end of year $0
21 · Escrow or custodial account liability

beginning of year $0 · end of year $0
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
23 · Secured mortgages and notes payable

beginning of year $0 · end of year $0
24 · Unsecured notes and loans payable

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $576,102 · end of year $576,102
27 · Net assets without donor restrictions

beginning of year $704,139 · end of year $319,207
28 · Net assets with donor restrictions

beginning of year $93,335 · end of year $43,546

Mission and programs · 2023

Mission

TO RAISE FUNDS TO DEVELOP, CONSTRUCT AND SELL HOUSES TO ELIGIBLE LOW-INCOME HOMEBUYERS. OPERATE A RESOURCE HOMES PROGRAM THAT PLACES CHILDREN WITH FAMILIES THAT ARE ABLE TO NURTURE CHILDREN'S PHYSICAL AND EMOTIONAL NEEDS, WITH THE GOAL OF REUNIFICATION, UNDER PENNSYLVANIA AND PHILADELPHIA DEPARTMENTS OF HUMAN SERVICES REGULATIONS.

Activities or mission (Part I)

To Raise funds to develop, construct, and sell houses to low income homebuyers. Operate a resource home that places children with families that are able to nurture the children.

Operate a Resource Homes program that places children with families that are able to nurture childrens physical and emotional needs, with the goal of reunification, under Pennsylvania and Philadelphia Departments of Human Services regulations.

Expenses $6,774,931 · Grants $3,687,698 · Revenue $2,767,179

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Nilda RuizNILDA RUIZ

VICE PRESIDENT

Total calculated

$517,118

From this org

$0

From related orgs

$443,441

Other

$73,677

Hours/week

1 + 40 related

Schedule J breakdown matched by us

Base

$0 + $443,441 related

Bonus

$0

Other

$0

Deferred

$0 + $35,677 related

Nontaxable benefits

$0 + $38,000 related

Filer's total

$0 + $517,118 related
Rose Gray-HesingtonROSE GRAY-HESINGTON

SECRETARY

Total calculated

$189,428

From this org

$0

From related orgs

$165,889

Other

$23,539

Hours/week

1 + 40 related

Schedule J breakdown matched by us

Base

$0 + $165,889 related

Bonus

$0

Other

$0

Deferred

$0 + $11,539 related

Nontaxable benefits

$0 + $12,000 related

Filer's total

$0 + $189,428 related
Pelayo CollPELAYO COLL

PRESIDENT

Total calculated

$0

Hours/week

1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
7 · Other non-fixed payments
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3: COMPENSATION OF OFFICERS IS ESTABLISHED BY A RELATED ENTITY, ASOCIACION PUERTORRIQUENOS EN MARCHA, INC. THE APM BOARD OF DIRECTORS ESTABLISHES KEY OBJECTIVES FOR THE PRESIDENT/CEO ANNUALLY AND IN CONNECTION WITH APM'S 5 YEAR STRATEGIC PLAN. AT THE CONCLUSION OF EACH FISCAL YEAR, THE EXECUTIVE COMMITTEE REVIEWS AND ASSESSES THE PRESIDENT/CEO'S PERFORMANCE FOR THE PERIOD VERSUS THESE OBJECTIVES AND CONSULTS WITH AN INDEPENDENT THIRD PARTY TO OBTAIN AND REVIEW COMPENSATION AND SURVEY DATA FROM MULTIPLE EXTERNAL SOURCES. BASED ON BOTH THE ANNUAL PERFORMANCE APPRAISAL AND SURVEY DATA OBTAINED, THE EXECUTIVE COMMITTEE MAKES A RECOMMENDATION TO THE APM BOARD OF DIRECTORS AS TO THE LEVEL OF COMPENSATION AND BENEFITS FOR THE PRESIDENT/CEO. THE BOARD OF DIRECTORS MAINTAINS SOLE AUTHORITY TO APPROVE COMPENSATION AND BENEFITS FOR THE PRESIDENT/CEO.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

ASOCIACION PUERTORRIQUENOS EN MARCHA

501(c)(3) · COMM DEVELOP · PA

Directly controlled by NA
APM PROPERTIES INC

501(c)(2) · PROPERTY RNTL · PA · controlled entity

Directly controlled by APM Inc

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

BORINQUEN PLAZA ASSOCIATES LP

N/A · REAL ESTATE · PA

Directly controlled by NA
ESCALERA ASSOCIATES LP

related · REAL ESTATE · PA · 99% owned · share of income $4,881 · share of assets $385,583

Directly controlled by pradera
REFUGIO DE AMOR LP

related · REAL ESTATE · PA · 99.99% owned · share of income -$122,374 · share of assets $2,006,895

Directly controlled by pradera
TAINO GARDENS LP

related · REAL ESTATE · PA · 99% owned · share of income -$189,309 · share of assets $1,578,124

Directly controlled by pradera
Borinquen Associates LP

related · Real Estate · PA · 99% owned · share of income $115,984 · share of assets $2,295,696

Directly controlled by Pradera
CAMINO VERDE LP

N/A · REAL ESTATE · PA

Directly controlled by NA
JARDINES PRESERVATION LP

N/A · Real etstae · PA

Directly controlled by NA
BERKS SENIOR LIVING LP

N/A · Real etstae · PA

Directly controlled by NA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

ESCOLANDO INC

C CORP · REAL ESTATE · PA

Directly controlled by NA
CASA ESPERANZA INC

C CORP · REAL ESTATE · PA

Directly controlled by NA
TAINO GARDENS INC

C CORP · REAL ESTATE · PA

Directly controlled by NA
Jardines de Borinquen Inc

C Corp · Real Estate · PA

Directly controlled by NA
JARDINE DE FLORES

C CORP · Real Estate · PA

Directly controlled by NA
JARDINES GP INC

C Corp · Real Estate · PA

Directly controlled by NA
APM BERKS GP INC

C Corp · Real Estate · PA

Directly controlled by NA

Provenance

Return type: form_990
Tax year: 2023
Filed: 15 May 2025
IRS schema version: 2023v6.0
Source object: 202501349349309450

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