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Nonprofiteer
← IBERO-AMERICAN ACTION LEAGUE INC

Form 990 for tax year 2024

Filed by IBERO-AMERICAN ACTION LEAGUE INC.

Totals

Total revenue
$260,464
Total expenses
$277,261
Contributions and grants received
$147,334
Grants paid
$0
Program service revenue
$111,172
Investment income
$121
Other revenue
$1,837
Total assets, end of year
$994,626
Total liabilities, end of year
$1,097,601
Net assets or fund balances, end of year
-$102,975
Program services expenses (Part IX)
$238,580
Management and general expenses
$38,681
Fundraising expenses
$0
Program service expenses (Part III)
$238,580

Program services were 86.0% 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)

    $147,334

  • 2a · Program service revenue: RENTAL REVENUE

    total $111,172 · related or exempt $111,172

  • 3 · Investment income

    total $121 · excluded $121

  • 11a · Other revenue: OTHER INCOME

    total $1,837 · related or exempt $1,837

  • 11e · Other revenue, total

    $1,837

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $5,765 · management and general $5,765

  • 11a · Fees: management

    total $15,887 · management and general $15,887

  • 11c · Fees: accounting

    total $9,200 · management and general $9,200

  • 11g · Fees: other

    total $7,829 · management and general $7,829

  • 16 · Occupancy

    total $69,324 · program services $69,324

  • 22 · Depreciation, depletion and amortization

    total $82,725 · program services $82,725

  • 24a · Other expenses: OPERATING AND MAINTENAN

    total $82,400 · program services $82,400

  • 24b · Other expenses: MISCELLANEOUS TAXES

    total $4,131 · program services $4,131

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,134 · end of year $879

  • 4 · Accounts receivable

    beginning of year $20,309 · end of year $18,648

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,811 · end of year $6,162

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

    $2,493,908

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

    $1,659,793

  • 10c · Land, buildings and equipment, net

    beginning of year $916,840 · end of year $834,115

  • 15 · Other assets

    beginning of year $125,671 · end of year $134,822

  • 17 · Accounts payable and accrued expenses

    beginning of year $101,111 · end of year $122,505

  • 19 · Deferred revenue

    beginning of year $914,242 · end of year $832,911

  • 25 · Other liabilities

    beginning of year $143,590 · end of year $142,185

  • 27 · Net assets without donor restrictions

    beginning of year -$86,178 · end of year -$102,975

Mission and programs · 2024

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 $238,580 · Revenue $113,009

As filed on the 2024 return.

Listed in Part VII

  • Carlos Cong

    FORMER CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Emeterio Otero

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Angelica Perez Delgado

    CEO

    Total calculated
    $172,292
    From this org
    $0
    From related orgs
    $150,242
    Other
    $22,050
    Hours/week
    4 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $150,242 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $22,050 related
    Filer's total
    $0 + $172,292 related

  • Arline Santiago

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Irene Sanchez

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 3.5 related

  • Victor Sanchez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 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. 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
2024
Filed
14 December 2025
IRS schema version
2024v5.2
Source object
202503489349300400

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