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Nonprofiteer
← ACACIA NETWORK HOUSING INC

Form 990 for tax year 2022

Filed by ACACIA NETWORK HOUSING INC.

Totals

Total revenue
$242,674,811
Total expenses
$242,967,650
Contributions and grants received
$238,194,132
Grants paid
$0
Program service revenue
$2,798,618
Investment income
$4,813
Other revenue
$1,677,248
Total assets, end of year
$362,231,981
Total liabilities, end of year
$356,009,401
Net assets or fund balances, end of year
$6,222,580
Program services expenses (Part IX)
$230,449,264
Management and general expenses
$12,518,386
Fundraising expenses
$0
Program service expenses (Part III)
$230,449,264

Program services were 94.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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 + 34 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
    2 + 33 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/Exec VP

    Total calculated
    $601,037
    From this org
    $0
    From related orgs
    $560,176
    Other
    $40,861
    Hours/week
    2 + 33 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 + 34 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

  • KEVIN HESLOP

    VICE PRESIDENT OF FINANCE

    Total calculated
    $270,190
    From this org
    $217,411
    From related orgs
    $0
    Other
    $52,779
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $217,411
    Bonus
    $0
    Other
    $0
    Deferred
    $6,419
    Nontaxable benefits
    $46,360
    Filer's total
    $270,190

  • ALFREDO MATTHEWS

    SENIOR VICE PRESIDENT

    Total calculated
    $241,619
    From this org
    $185,203
    From related orgs
    $0
    Other
    $56,416
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $185,203
    Bonus
    $0
    Other
    $0
    Deferred
    $10,056
    Nontaxable benefits
    $46,360
    Filer's total
    $241,619

  • AMARILIS A SOLER

    AVP OF TRANSITIONAL HOUSING

    Total calculated
    $197,697
    From this org
    $154,944
    From related orgs
    $0
    Other
    $42,753
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $154,944
    Bonus
    $0
    Other
    $0
    Deferred
    $6,198
    Nontaxable benefits
    $36,555
    Filer's total
    $197,697

  • JESSICA MCGHEE

    AVP OF TRANSITIONAL HOUSING

    Total calculated
    $185,233
    From this org
    $152,802
    From related orgs
    $0
    Other
    $32,431
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $152,802
    Bonus
    $0
    Other
    $0
    Deferred
    $6,112
    Nontaxable benefits
    $26,319
    Filer's total
    $185,233

  • DESIREE SUSANA

    SENIOR DIRECTOR OF QUALITY

    Total calculated
    $125,490
    From this org
    $119,434
    From related orgs
    $0
    Other
    $6,056
    Hours/week
    35

  • CYNTHIA ISALES ESQ

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 10 related

  • ERICA Y MARTINEZ

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 10 related

  • HENRY COMAS

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 10 related

  • MARITZA LOPEZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 10 related

  • WILFRED RENTA

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 10 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

  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 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)

PART I LINE 3
PURSUANT TO THE ORGANIZATION'S BYLAWS, 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 COMPENSATION COMMITTEE OF THE PARENT ENTITY REVIEWS A COMPENSATION STUDY AND VOTES ON HOW TO PROCEED.
PART I LINE 7
BONUSES FOR THE CEO AND PRESIDENT ARE APPROVED BY THE BOARD OF THE PARENT ENTITY. 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.

  • 1675 JV Associates LLC

    N/A · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Promesa HDFC

  • 245 E Mosholu Apts LLC

    N/A · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by 245 E Mosholu

  • 980 Prospect LLC

    N/A · Real Estate · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Promesa Enterpr

  • Acacia Gardens Affordable LLC

    N/A · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Acacia Gardens

  • Acacia Gardens Development LLC

    N/A · Development · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Acacia Gardens

  • Audubon Pharmacy LLC

    N/A · Retail Pharma · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Promesa Enterpr

  • Bella Vista LP

    N/A · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Bella Vista

  • Bushwick Gardens I PA LLC

    N/A · Housing · PA · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Acacia Brooklyn

  • Casa Acacia LLC

    N/A · Real Estate · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Promesa Enterpr

  • Crotona Park Residences LLC

    N/A · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Crotona Park

  • Hope Gardens I PA LLC

    N/A · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Acacia Brooklyn

  • La Casa Quinta LP

    N/A · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by El Barrios Oper

  • La Plaza de Virginia GP LLC

    N/A · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Hispanos Unidos

  • La Plaza de Virginia Owners LLC

    N/A · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by La Plaza de Vir

  • La Plaza del Barrio LLC

    N/A · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Acacia Real Est

  • Maria Isabel LP

    N/A · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Maria Isabel

  • Maria Isabel Members LLC

    N/A · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Acacia Maria Is

  • Melrose Estates Housing LP

    N/A · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Melrose Court

  • Palacio Dorado LLC

    N/A · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Palacio Dorado

  • Promesa Apartments Limited Partnership

    N/A · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Promesa HDFC

  • Promesa Court Limited Partnership

    N/A · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Promesa Court

  • Promesa Court Residences Limited Partner

    N/A · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Promesa Court

  • San Jose LP

    N/A · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by El Barrios Oper

  • San Jose Revedelopment Corp

    N/A · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by El Barrios Oper

  • SV-B Partners LLC

    N/A · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by La Plaza de Bar

  • Urban Renaissance Collaboration Limited

    N/A · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by URC

  • Virginia House Residences LLC

    N/A · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Virginia House

  • West Tremont Residences LLC

    N/A · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by West Tremont

Related corporations and trusts

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

  • 152 E 116th HDFC

    C Corp · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by El Barrio Opera

  • 1675 Westchester Avenue Inc

    C Corp · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Promesa HDFC

  • 245 E Mosholu Inc

    C Corp · GP Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by 245 E Mosholu

  • 3196 3rd Ave Corp

    C Corp · Real Estate · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Don Pancho

  • 454 W 146th Street HDFC

    C Corp · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by ACDP

  • 471 W 145th Street HDFC

    C Corp · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by ACDP

  • 517 W 173rd Street HDFC

    C Corp · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by ACDP

  • Acacia Brooklyn Corp

    C Corp · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Acacia Real Est

  • Acacia Gardens GP Inc

    C Corp · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Acacia Gardens

  • Acacia Maria Isabel Inc

    C Corp · GP Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Promesa HDFC

  • ACD Affordable Corporation

    C Corp · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Acacia Gardens

  • Bella Vista Housing Company Inc

    C Corp · GP Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by SBCMC

  • Bronx Investors Holding Company Inc

    C Corp · Investing Hou · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by SBCMC

  • Crotona Park Managers Inc

    C Corp · GP Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Promesa HDFC

  • Don Pancho Development Corporation

    C Corp · Maintenance · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Bronx Investors

  • El Batey Housing Company Inc

    C Corp · GP Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by SBCMC

  • Five Fifteen West Inc

    C Corp · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by ACDP

  • La Casa Quinta Dev Corp

    C Corp · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by El Barrio Opera

  • Melrose Court Housing Company Inc

    C Corp · GP Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by SBCMC

  • One Seventy Four Inc

    C Corp · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by ACDP

  • Palacio Dorado Development Inc

    C Corp · Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Acacia Puerto R

  • Promesa Collateral Trust

    Trust · Insurance · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Acacian Network

  • Promesa Community Apartments

    C Corp · GP Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Promesa HDFC

  • Promesa Court Estates Inc

    C Corp · GP Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Acacia

  • Promesa Enterprises Ltd

    C Corp · Investment Mg · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Acacia

  • Urban Renaissance Collaboration Inc

    C Corp · GP Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Promesa HDFC

  • Virginia House Managers Inc

    C Corp · GP Housing · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Promesa HDFC

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202313189349306546

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