Skip to content
Nonprofiteer
← LOISAIDA INC

Form 990 for tax year 2022

Filed by LOISAIDA INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 15 May 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$1,247,513 changed to $968,854
Total expenses
$870,883 changed to $901,964
Contributions and grants received
$1,247,513 changed to $968,854
Total assets, end of year
$1,903,412 changed to $1,572,672
Total liabilities, end of year
$999,293 changed to $978,293
Net assets or fund balances, end of year
$904,119 changed to $594,379
Program services expenses
$696,706 changed to $721,570
Management and general expenses
$87,088 changed to $90,197
Fundraising expenses
$87,089 changed to $90,197
Program service expenses (Part III)
$696,706 changed to $721,570

Totals

Total revenue
$1,247,513
Total expenses
$870,883
Contributions and grants received
$1,247,513
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,903,412
Total liabilities, end of year
$999,293
Net assets or fund balances, end of year
$904,119
Program services expenses (Part IX)
$696,706
Management and general expenses
$87,088
Fundraising expenses
$87,089
Program service expenses (Part III)
$696,706

Program services were 80.0% 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.

  • 1c · Fundraising events

    $11,597

  • 1e · Government grants (contributions)

    $1,155,622

  • 1f · All other contributions, gifts and grants

    $80,294

  • 3 · Investment income

    total $0

  • 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

    $133,363

  • 8a · Fundraising events: contributions included on line 1c

    $11,597

  • 8b · Fundraising events: direct expenses

    $133,363

  • 8c · Net income from fundraising events

    total $0 · excluded $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 $0

  • 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 $215,646 · program services $172,516 · management and general $21,565 · fundraising $21,565

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $31,983 · program services $25,587 · management and general $3,198 · fundraising $3,198

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $1,135 · program services $908 · management and general $114 · fundraising $113

  • 11c · Fees: accounting

    total $17,520 · program services $14,016 · management and general $1,752 · fundraising $1,752

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $349,816 · program services $279,853 · management and general $34,982 · fundraising $34,981

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $102,809 · program services $82,247 · management and general $10,280 · fundraising $10,282

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $91,657 · program services $73,326 · management and general $9,166 · fundraising $9,165

  • 17 · Travel

    total $499 · program services $399 · management and general $50 · fundraising $50

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $40,074 · program services $32,059 · management and general $4,007 · fundraising $4,008

  • 23 · Insurance

    total $19,744 · program services $15,795 · management and general $1,974 · fundraising $1,975

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $349,629 · end of year $70,527

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $615,393 · end of year $830,312

  • 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 $2,142 · end of year $2,142

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

    $1,155,369

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

    $154,938

  • 10c · Land, buildings and equipment, net

    beginning of year $465,833 · end of year $1,000,431

  • 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 $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $19,554 · end of year $22,650

  • 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 $885,954 · end of year $976,643

  • 27 · Net assets without donor restrictions

    beginning of year $527,489 · end of year $904,119

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

TO BUILD A CONNECTION BETWEEN COMMUNITY, LEARNERS, ARTISTS AND SCHOLARS THROUGH AFFORDABLE EDUCATION OPPORTUNITIES IN CULTURAL FIELDS, S.T.E.A.M. DESIGN AND EVERYDAY LIFE. (SEE SCHEDULE O)

Activities or mission (Part I)

TO BUILD A CONNECTION BETWEEN COMMUNITY, LEARNERS, ARTISTS AND SCHOLARS THROUGH AFFORDABLE EDUCATION OPPORTUNITIES IN CULTURAL FIELDS, S.T.E.A.M. DESIGN AND EVERYDAY LIFE.

  • TO ADDRESS THE SERIOUS ECONOMIC AND SOCIAL DISENFRANCHISEMENT OF POOR AND LOW INCOME LATINO RESIDENTS, WITH EMPLOYMENT AND TRAINING OPPORTUNITIES, COMPREHENSIVE YOUTH DEVELOPMENT INITIATIVES. (SEE SCHEDULE O FOR DETAILS).

    Expenses $696,706

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Raul Russi

    PRESIDENT

    Total calculated
    $935,391
    From this org
    $0
    From related orgs
    $861,432
    Other
    $73,959
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $650,518 related
    Bonus
    $0 + $210,914 related
    Other
    $0
    Deferred
    $0 + $21,750 related
    Nontaxable benefits
    $0 + $52,209 related
    Filer's total
    $0 + $935,391 related

  • Lymaris Albors

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $795,306
    From this org
    $0
    From related orgs
    $748,860
    Other
    $46,446
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $656,410 related
    Bonus
    $0 + $92,450 related
    Other
    $0
    Deferred
    $0 + $21,006 related
    Nontaxable benefits
    $0 + $25,440 related
    Filer's total
    $0 + $795,306 related

  • Jose A Rodriguez

    CHIEF LEGAL OFFICER

    Total calculated
    $601,037
    From this org
    $0
    From related orgs
    $560,176
    Other
    $40,861
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $468,650 related
    Bonus
    $0 + $91,526 related
    Other
    $0
    Deferred
    $0 + $14,500 related
    Nontaxable benefits
    $0 + $26,361 related
    Filer's total
    $0 + $601,037 related

  • Vicky Gatell

    CHIEF FINANCIAL OFFICER

    Total calculated
    $473,732
    From this org
    $0
    From related orgs
    $432,484
    Other
    $41,248
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $362,134 related
    Bonus
    $0 + $70,350 related
    Other
    $0
    Deferred
    $0 + $14,500 related
    Nontaxable benefits
    $0 + $26,748 related
    Filer's total
    $0 + $473,732 related

  • Kaleb H Sanchez Esq

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Angel Audiffred

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Wilfred Renta

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Anthony Rivera

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Mr Angel Cruz Esq

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Deborah Quinones

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

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

  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART III, SUPPLEMENTAL INFORMATION
PART I, LINE 3 PURSUANT TO THE ORGANIZATION'S BY-LAWS, THE ORGANIZATION DELEGATES TO ITS PARENT ENTITY THE HIRING OF THE CEO AND PRESIDENT. THE COMPENSATION OF THE EXECUTIVES IS APPROVED BY THE PARENT ENTITY, WHO HIRES A CONSULTANT TO CONDUCT A STUDY. A STANDING COMMITTEE OF THE PARENT ENTITY REVIEWS A COMPENSATION STUDY AND VOTES ON HOW TO PROCEED. PART I, LINE 7 THE BONUSES FOR THE CEO AND PRESIDENT ARE APPROVED BY THE BOARD OF THE PARENT COMPANY. THE REMAINING EXECUTIVE BONUSES ARE APPROVED BY THE 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.

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.

  • Promesa Apartments Limited Partnership

    Housing · NY

    Directly controlled by PROMESA HDFC

  • Bella Vista LP

    Housing · NY

    Directly controlled by BELLA VISTA

  • Acacia Gardens Development LLC

    DEVELOPMENT · NY

    Directly controlled by ACACIA GARDENS

  • Acacia Gardens Affordable LLC

    HOUSING · NY

    Directly controlled by ACACIA GARDENS

  • Crotona Park Residences LLC

    HOUSING · NY

    Directly controlled by HOUSING

  • Melrose Estates Housing LP

    HOUSING · NY

    Directly controlled by MELROSE COURT

  • Palacio Dorado LLC

    HOUSING · NY

    Directly controlled by PALACIO DORADO

  • West Tremont Residences LLC

    HOUSING · NY

    Directly controlled by HOUSING

  • Maria Isabel LP

    HOUSING · NY

    Directly controlled by MARIA ISABEL

  • Maria Isabel Members LLC

    HOUSING · NY

    Directly controlled by ACACIA MARIA

  • Promesa Court Limited Partnership

    HOUSING · NY

    Directly controlled by PROMESA COURT

  • Promesa Court Residences Limited Partner

    HOUSING · NY

    Directly controlled by PROMESA COURT

  • Urban Renaissance Collaboration Limited

    HOUSING · NY

    Directly controlled by URC

  • Virginia House Residences LLC

    HOUSING · NY

    Directly controlled by VIRGINIA HOUSE

  • 245 E Mosholu Apts LLC

    HOUSING · NY

    Directly controlled by 245 E MOSHOLU

  • 980 Prospect LLC

    REAL ESTATE · NY

    Directly controlled by PROMESA ENT

  • Audubon Pharmacy LLC

    RETAIL PHARMACY · NY

    Directly controlled by PROMESA ENT

  • Casa Acacia LLC

    REAL ESTATE · NY

    Directly controlled by PROMESA ENT

  • Distinctive Maintenance Partners LLC

    MAINTENANCE · NY

    Directly controlled by PROMESA ENT

  • Sera Security Services LLC

    SECURITY · NY

    Directly controlled by PROMESA ENT

  • 1675 JV Associates LLC

    HOUSING · NY

    Directly controlled by PROMESA HDFC

  • La Plaza del Barrio LLC

    HOUSING · NY

    Directly controlled by ACACIA REAL EST

  • SV-B Partners LLC

    HOUSING · NY

    Directly controlled by LA PLAZA DEL BA

  • Hope Gardens I PA LLC

    HOUSING · NY

    Directly controlled by ACACIA BROOKLYN

Related corporations and trusts

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

  • Promesa Court Estates Inc

    C · GP HOUSING · NY

    Directly controlled by ACACIA

  • Bella Vista Housing Company Inc

    C · GP Housing · NY

    Directly controlled by SBCMC

  • Bronx Investors Holding Company Inc

    C · Investing Housing · NY

    Directly controlled by SBCMC

  • El Batey Housing Company Inc

    C · GP Housing · NY

    Directly controlled by SBCMC

  • Melrose Court Housing Company Inc

    C · GP Housing · NY

    Directly controlled by SBCMC

  • Urban Renaissance Collaboration Inc

    C · GP Housing · NY

    Directly controlled by PROMESA HDFC

  • Acacia Maria Isabel Inc

    C · GP Housing · NY

    Directly controlled by PROMESA HDFC

  • Crotona Park Managers Inc

    C · GP Housing · NY

    Directly controlled by PROMESA HDFC

  • Virginia House Managers Inc

    C · GP Housing · NY

    Directly controlled by PROMESA HDFC

  • Don Pancho Development Corporation

    C · Maintenance · NY

    Directly controlled by BRONX INVESTORS

  • ACD Affordable Corporation

    C · HOUSING · NY

    Directly controlled by ACACIA GARDENS

  • ACACIA GARDENS

    C · Housing · NY

    Directly controlled by ACACIA GARDENS

  • 517 W 173rd Street HDFC

    C · Housing · NY

    Directly controlled by COMMUNITY ASSOC

  • Palacio Dorado Development Inc

    C · Housing · NY

    Directly controlled by ACACIA PUERTO

  • 245 E Mosholu Inc

    C · GP Housing · NY

    Directly controlled by 245 East Moshol

  • 3196 3rd Ave Corp

    C · Real Estate · NY

    Directly controlled by DON PANCHO

  • Promesa Enterprises Ltd

    C · Investment Mgmt · NY

    Directly controlled by ACACIA NETWORK

  • 454 W 146th Street HDFC

    C · Housing · NY

    Directly controlled by ACDP

  • 471 W 145th Street HDFC

    C · HOUSING · NY

    Directly controlled by ACDP

  • Five Fifteen West Inc

    C · Housing · NY

    Directly controlled by ACDP

  • One Seventy Four Inc

    C · Housing · NY

    Directly controlled by ACDP

  • 1675 Westchester Avenue Inc

    C · Housing · NY

    Directly controlled by PROMESA HDFC

  • Acacia Brooklyn Corp

    C · Housing · NY

    Directly controlled by ACACIA REAL EST

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202441359349302689

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.