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← SOCIEDAD REAL ESTATE HOLDINGS INC

Form 990 for tax year 2022

Filed by SOCIEDAD REAL ESTATE HOLDINGS INC.

Totals

Total revenue
$103,773
Total expenses
$207,545
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$103,773
Investment income
$0
Other revenue
$0
Total assets, end of year
$4,639,777
Total liabilities, end of year
$4,701,056
Net assets or fund balances, end of year
-$61,279
Program services expenses (Part IX)
$207,545
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$207,545

Program services were 100.0% 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.

  • 2a · Program service revenue: RENTAL INCOME

    total $103,773 · related or exempt $103,773

Functional expenses

Part IX, the statement of functional expenses.

  • 13 · Office expenses

    total $111 · program services $111

  • 16 · Occupancy

    total $12,500 · program services $12,500

  • 20 · Interest

    total $65,544 · program services $65,544

  • 22 · Depreciation, depletion and amortization

    total $129,390 · program services $129,390

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $177,869 · end of year $210,880

  • 10a · Land, buildings and equipment: cost or other basis

    $4,708,605

  • 10b · Land, buildings and equipment: accumulated depreciation

    $279,708

  • 10c · Land, buildings and equipment, net

    beginning of year $4,558,287 · end of year $4,428,897

  • 17 · Accounts payable and accrued expenses

    end of year $773

  • 23 · Secured mortgages and notes payable

    beginning of year $4,693,663 · end of year $4,700,283

  • 27 · Net assets without donor restrictions

    beginning of year $42,493 · end of year -$61,279

Mission and programs · 2022

Mission

SEE 990, PART 1, LINE 1.

Activities or mission (Part I)

THE PURPOSE OF SOCIEDAD REAL ESTATE HOLDINGS, INC. IS TO FACILITATE SOCIEDAD LATINA'S MISSION OF YOUTH AND COMMUNITY OUTREACH AND SUPPORT BY ASSISTING SOCIEDAD LATINA WITH ITS PROJECTS AND INITIATIVES.

  • SUPPORTING ORGANIZATION, UNDER THE MEANING OF 509(A)(3), TO SOCIEDAD LATINA, INC., A MASSACHUSETTS NONPROFIT CORPORATION. SOCIEDAD REAL ESTATE HOLDINGS, INC. IS OPERATED AT ALL TIMES EXCLUSIVELY FOR THE BENEFIT OF SOCIEDAD LATINA, INC. AND ITS CHARITABLE MISSION.

    Expenses $207,545 · Revenue $103,773

As filed on the 2022 return.

Listed in Part VII

  • Alexandra Oliver-Davila

    CLERK/ EXECUTIVE DIRECTOR

    Total calculated
    $161,222
    From this org
    $0
    From related orgs
    $136,139
    Other
    $25,083
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $136,139 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $25,083 related
    Filer's total
    $0 + $161,222 related

  • Marta Rivera

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • Yamileth Lopez

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
16 January 2024
IRS schema version
2022v5.0
Source object
202410169349305026

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