Form 990 for tax year 2022
Filed by IBERO-AMERICAN ACTION LEAGUE INC.
Totals
- Total revenue
- $234,793
- Total expenses
- $262,970
- Contributions and grants received
- $136,831
- Grants paid
- $0
- Program service revenue
- $94,843
- Investment income
- $56
- Other revenue
- $3,063
- Total assets, end of year
- $1,150,966
- Total liabilities, end of year
- $1,205,003
- Net assets or fund balances, end of year
- -$54,037
- Program services expenses (Part IX)
- $231,402
- Management and general expenses
- $31,568
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $231,402
Program services were 88.0% 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.
-
1e · Government grants (contributions)
$136,831
-
2a · Program service revenue: RENTAL REVENUE
total $94,843 · related or exempt $94,843
-
3 · Investment income
total $56 · excluded $56
-
11a · Other revenue: OTHER INCOME
total $3,063 · related or exempt $3,063
-
11e · Other revenue, total
$3,063
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $4,974 · management and general $4,974
-
11a · Fees: management
total $13,509 · management and general $13,509
-
11c · Fees: accounting
total $6,125 · management and general $6,125
-
11g · Fees: other
total $6,652 · management and general $6,652
-
16 · Occupancy
total $75,934 · program services $75,934
-
22 · Depreciation, depletion and amortization
total $82,891 · program services $82,891
-
24a · Other expenses: OPERATING AND MAINTENAN
total $68,430 · program services $68,430
-
24b · Other expenses: MISCELLANEOUS TAXES
total $4,147 · program services $4,147
-
24c · Other expenses: BAD DEBTS
total $308 · management and general $308
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $9,727 · end of year $9,395
-
4 · Accounts receivable
beginning of year $20,872 · end of year $17,971
-
9 · Prepaid expenses and deferred charges
beginning of year $6,740 · end of year $7,127
-
10a · Land, buildings and equipment: cost or other basis
$2,493,908
-
10b · Land, buildings and equipment: accumulated depreciation
$1,494,291
-
10c · Land, buildings and equipment, net
beginning of year $1,082,508 · end of year $999,617
-
15 · Other assets
beginning of year $107,793 · end of year $116,856
-
17 · Accounts payable and accrued expenses
beginning of year $48,633 · end of year $71,781
-
19 · Deferred revenue
beginning of year $1,076,904 · end of year $995,573
-
25 · Other liabilities
beginning of year $127,963 · end of year $137,649
-
27 · Net assets without donor restrictions
beginning of year -$25,860 · end of year -$54,037
Mission and programs · 2022
Mission
MANAGEMENT OF LOW-INCOME HOUSING FOR SENIORS
-
RENTAL OF SPACE/PROPERTY MANAGEMENT - RENTAL OF REAL PROPERTY AND PROPERTY MANAGEMENT OF LOW-INCOME HOUSING FOR SENIOR CITIZENS (30 HOUSING UNITS).
Expenses $231,402 · Revenue $97,906
As filed on the 2022 return.
Listed in Part VII
-
Carlos CongCARLOS CONG
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Emeterio OteroEMETERIO OTERO
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Diana HernandezDIANA HERNANDEZ
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 3.5 related
-
Joseph SearlesJOSEPH SEARLES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Angelica Perez DelgadoANGELICA PEREZ DELGADO
CEO
- Total calculated
- $139,091
- From this org
- $0
- From related orgs
- $122,752
- Other
- $16,339
- Hours/week
- 4 + 45 related
-
Amy SargentAMY SARGENT
FORMER CFO
- Total calculated
- $119,188
- From this org
- $0
- From related orgs
- $111,299
- Other
- $7,889
- Hours/week
- 1 + 45 related
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.
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.
-
IBERO-AMERICAN ACTION LEAGUE INC
501(C)(3) · TO FOSTER THE GROWTH AND DEVELOPMENT OF HISPANICS AND OTHER MINORITIES · NY
-
IBERO-AMERICAN DEVELOPMENT CORPORATION
501(C)(3) · MANAGE REAL PROPERTY AND REFURBISH OR BUILD HOMES · NY
Directly controlled by IBERO-AMERICAN ACTION LEAGUE INC
-
EDISON HOUSING DEVELOPMENT FUND CORPORATION
501(C)(3) · RENTAL/PROPERTY MANAGEMENT OF LOW-INCOME HOUSING FOR SENIOR CITIZENS · NY
Directly controlled by IBERO-AMERICAN DEVELOPMENT CORPORATION
-
501(C)(3) · RENTAL/PROPERTY MANAGEMENT OF LOW-INCOME HOUSING FOR DEV. DISABLED · NY
Directly controlled by IBERO-AMERICAN DEVELOPMENT CORPORATION
-
501(C)(3) · RENTAL/PROPERTY MANAGEMENT OF LOW-INCOME HOUSING FOR DEV. DISABLED · NY
Directly controlled by IBERO-AMERICAN DEVELOPMENT CORPORATION
-
501(C)(3) · TO FOSTER THE GROWTH AND DEVELOPMENT OF HISPANICS AND OTHER MINORITIES · NY
Directly controlled by IBERO-AMERICAN ACTION LEAGUE INC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 16 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202440189349300934
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