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← SACA DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by SACA DEVELOPMENT CORPORATION.

Totals

Total revenue
$3,821,610
Total expenses
$2,711,094
Contributions and grants received
$966,908
Grants paid
$0
Program service revenue
$2,423,084
Investment income
$61,761
Other revenue
$369,857
Total assets, end of year
$29,214,857
Total liabilities, end of year
$23,076,230
Net assets or fund balances, end of year
$6,138,627
Program services expenses (Part IX)
$2,435,737
Management and general expenses
$275,357
Fundraising expenses
$0
Program service expenses (Part III)
$2,435,737

Program services were 89.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • JOSE R LOPEZ

    PRESIDENT/CEO

    Total calculated
    $177,072
    From this org
    $20,160
    From related orgs
    $136,719
    Other
    $20,193
    Hours/week
    22 + 18 related

    Schedule J breakdown matched by us

    Base
    $20,160 + $136,719 related
    Bonus
    $0
    Other
    $0
    Deferred
    $2,491 + $7,472 related
    Nontaxable benefits
    $1,315 + $8,915 related
    Filer's total
    $23,966 + $153,106 related

  • JODIE RICHARDSON

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • TED DARCUS

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT FRANKHOUSER JR

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • MIRIAM ORTEGA

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • CARLOS GRAUPERA

    CEO (UNTIL 6/23)/BOARD MEMBER

    Total calculated
    $162,052
    From this org
    $62,752
    From related orgs
    $62,752
    Other
    $36,548
    Hours/week
    22 + 18 related

    Schedule J breakdown matched by us

    Base
    $62,752 + $62,752 related
    Bonus
    $0
    Other
    $0
    Deferred
    $15,688 + $15,688 related
    Nontaxable benefits
    $2,586 + $2,586 related
    Filer's total
    $81,026 + $81,026 related

  • DARIO SANCHEZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ALBERT GONZALEZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JIM KLINE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MELANIE BATISTA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GLADYS DELGADO

    BOARD MEMBER (UNTIL XX/XX)

    Total calculated
    $0
    Hours/week
    1

  • ROSA GRAUPERA

    CFO

    Total calculated
    $127,195
    From this org
    $0
    From related orgs
    $112,533
    Other
    $14,662
    Hours/week
    25 + 15 related

  • JOSE COLON

    VP PROPERTY MANAGEMENT

    Total calculated
    $114,377
    From this org
    $100,274
    From related orgs
    $0
    Other
    $14,103
    Hours/week
    40

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

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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)

PART I, LINE 4B
JOSE R. LOPEZ RECEIVED A 25% SEVERANCE PAYMENT FROM SACA DEVELOPMENT CORPORATION OF $8,400, WITH THE REMAINING 75% COMING FROM SACA.

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.

  • SPANISH AMERICAN CIVIC ASSOCIATION FOR EQUALITY INC

    501(C)(3) · PROVIDES SERVICES TO MINORITIES AND LOW INCOME FAMILIES IN LANCASTER, PA · PA

  • CENTRO LANCASTER LTD

    501(C)(3) · AID THE DEVELOPMENT OF CONESTOGA RIVER PLAZA · PA · controlled entity

    Directly controlled by SACA DEVELOPMENT CORPORATION INC

  • TEC CENTRO LTD

    501(C)(3) · DEVELOP AND OPERATE A BILINGUAL TECHNICAL TRAINING SCHOOL · PA · controlled entity

    Directly controlled by SACA DEVELOPMENT CORPORATION INC

  • TEC CENTRO FOUNDATION

    501(C)(3) · SUPPORTING ORGANIZATION TO SACA · PA

    Directly controlled by SACA

  • TEC CENTRO WORKFORCE NETWORK

    501(C)(3) · WORKFORCE TRAINING CENTER · PA · controlled entity

    Directly controlled by SACA DEVELOPMENT CORPORATION 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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • CONESTOGA PLAZA LP

    OWNS PROPERTY FOR DEVELOPMENT · PA · income -$194,697 · assets $4,135,434

    Directly controlled by SACA DEVELOPMENT CORPORATION INC

  • CONESTOGA PLAZA DEVELOPMENT LLC

    GENERAL PARTNER IN CONESTOGA PLAZA, L.P. · PA · income -$194,697 · assets $2,278,325

    Directly controlled by SACA DEVELOPMENT CORPORATION INC

  • CONESTOGA NORTH LLC

    REAL ESTATE INVESTMENT · PA · income $209,476 · assets $223,577

    Directly controlled by SACA DEVELOPMENT CORPORATION INC

  • TEC CENTRO SOUTHWEST LTD

    MULTILINGUAL TRAINING · PA · income $248,380 · assets $8,580,150

    Directly controlled by SACA DEVELOPMENT CORPORATION INC

  • DUKE STREET PLAZA LLC

    REAL ESTATE INVESTMENT · PA · income -$63,230 · assets $1,034,244

    Directly controlled by SACA DEVELOPMENT CORPORATION INC

  • TEC CENTRO SERVICES

    MULTILINGUAL TRAINING · PA · income $167,914 · assets $5,712,937

    Directly controlled by SACA DEVELOPMENT CORPORATION INC

Related partnerships

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

  • THE APARTMENTS AT GENERAL CIGAR PLACE

    RELATED · 30 UNIT APARTMENT BUILDING · PA · 0.01% owned · share of income -$154,637 · share of assets $1,976,994

    Directly controlled by SACA DEVELOPMENT CORPORATION INC

  • THE SHOPS AT GENERAL CIGAR PLACE

    RELATED · RENTING COMMERCIAL SPACE TO NON-PROFIT ENTITIES · PA · 0.01% owned · share of income $6,356 · share of assets $938,549

    Directly controlled by SACA DEVELOPMENT CORPORATION INC

Related corporations and trusts

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

  • GENERAL CIGAR PLACE INC

    C · PROPERTY MANAGEMENT · PA · 100% owned · share of income -$148,281 · share of assets $36,046 · controlled entity

    Directly controlled by SACA DEVELOPMENT CORPORATION INC

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202521359349309597

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