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Nonprofiteer
← IBERO AMERICAN ACTION LEAGUE INC

Form 990 for tax year 2025

Filed by IBERO AMERICAN ACTION LEAGUE INC.

Totals

Total revenue
$1,308,167
Total expenses
$1,386,328
Contributions and grants received
$300,642
Grants paid
$0
Program service revenue
$962,468
Investment income
$45,057
Other revenue
$0
Total assets, end of year
$6,303,792
Total liabilities, end of year
$3,273,662
Net assets or fund balances, end of year
$3,030,130
Program services expenses (Part IX)
$1,285,123
Management and general expenses
$101,205
Fundraising expenses
$0
Program service expenses (Part III)
$1,285,123

Program services were 92.7% 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)

    $221,825

  • 1f · All other contributions, gifts and grants

    $78,817

  • 2a · Program service revenue: RENTAL REVENUE

    total $667,827 · related or exempt $667,827

  • 2b · Program service revenue: DEVELOPERS FEES

    total $142,734 · related or exempt $142,734

  • 2c · Program service revenue: REAL ESTATE COMMISSION

    total $104,137 · related or exempt $104,137

  • 2d · Program service revenue: PROPERTY MANAGEMENT FE

    total $47,770 · related or exempt $47,770

  • 3 · Investment income

    total $45,057 · excluded $45,057

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $666,595 · program services $666,595

  • 11f · Fees: investment management

    total $1,589 · management and general $1,589

  • 11g · Fees: other

    total $210,976 · program services $178,801 · management and general $32,175

  • 12 · Advertising and promotion

    total $250 · program services $250

  • 16 · Occupancy

    total $145,873 · program services $145,873

  • 17 · Travel

    total $15,821 · management and general $15,821

  • 20 · Interest

    total $17,473 · management and general $17,473

  • 22 · Depreciation, depletion and amortization

    total $192,887 · program services $192,887

  • 23 · Insurance

    total $47,754 · program services $47,754

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $42,271 · program services $42,271

  • 24b · Other expenses: SUPPLIES

    total $18,629 · program services $7,983 · management and general $10,646

  • 24c · Other expenses: TELEPHONE

    total $12,282 · management and general $12,282

  • 24d · Other expenses: PRINTING

    total $5,096 · management and general $5,096

  • 24e · All other expenses

    total $8,832 · program services $2,709 · management and general $6,123

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $32,227 · end of year $15,847

  • 2 · Savings and temporary cash investments

    beginning of year $99,539

  • 4 · Accounts receivable

    beginning of year $22,748 · end of year $50,114

  • 7 · Other notes and loans receivable

    beginning of year $520,815 · end of year $520,815

  • 9 · Prepaid expenses and deferred charges

    beginning of year $339,706 · end of year $155,754

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

    $6,423,405

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

    $4,667,782

  • 10c · Land, buildings and equipment, net

    beginning of year $1,218,227 · end of year $1,755,623

  • 11 · Investments: publicly traded securities

    beginning of year $717,244 · end of year $516,954

  • 15 · Other assets

    beginning of year $3,949,834 · end of year $3,288,685

  • 17 · Accounts payable and accrued expenses

    beginning of year $146,892 · end of year $189,721

  • 19 · Deferred revenue

    beginning of year $2,930,866 · end of year $2,380,988

  • 23 · Secured mortgages and notes payable

    beginning of year $434,168 · end of year $418,330

  • 25 · Other liabilities

    beginning of year $280,123 · end of year $284,623

  • 27 · Net assets without donor restrictions

    beginning of year $2,983,291 · end of year $3,005,130

  • 28 · Net assets with donor restrictions

    beginning of year $125,000 · end of year $25,000

Mission and programs · 2025

Mission

THE IBERO-AMERICAN DEVELOPMENT CORPORATION WAS INCORPORATED TO ALLEVIATE THE HARDSHIP AND DISTRESS OF PERSONS AND FAMILIES OF LOW AND MODERATE INCOME RESIDING IN THE ROCHESTER, NY AREA BY PROVIDING DWELLING ACCOMMODATIONS AND SOCIAL AND RECREATIONAL FACILITIES AND TO MAINTAIN AND MANAGE REAL PROPERTY FOR VARIOUS NON-PROFIT ENTITIES. IN ADDITION, THE IBERO-AMERICAN DEVELOPMENT CORPORATION IDENTIFIES, REFURBISHES OR BUILDS, AND MARKETS HOMES WITH OTHER THIRD-PARTIES TO ELIGIBLE PURCHASES IN THE ROCHESTER, NY AREA.

  • DEVELOPMENT/RENTAL OF FACILITIES TO NONPROFIT ORGANIZATIONS, DEVELOPMENT AND REHABILITATION OF AFFORDABLE HOUSING FOR LOW-TO-MODERATE INCOME AND MANAGEMENT OF HUD PROPERTIES SERVING DEVELOPMENTALLY DISABLED AND ELDERLY INDIVIDUALS.

    Expenses $1,285,123 · Revenue $962,468

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Emeterio Pete Otero PhD

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • Arline Santiago

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • Victor Sanchez

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • Eugenio Cotto Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • Marcos A Santiago

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • Berta Rivera

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • Angelica Perez-Delgado

    PRES & CEO IAAL

    Total calculated
    $162,046
    From this org
    $0
    From related orgs
    $138,348
    Other
    $23,698
    Hours/week
    2 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $138,348 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $23,698 related
    Filer's total
    $0 + $162,046 related

  • Eugenio Marlin

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $127,377
    From this org
    $0
    From related orgs
    $110,816
    Other
    $16,561
    Hours/week
    44 + 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.

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.

  • EL CAMINO HOUSING LLC

    N/A · LOW INCOME HOUSING · NY

    Directly controlled by CAMINO DEL RAY

  • EL CAMINO HOUSING II LLC

    N/A · LOW INCOME HOUSING · NY

    Directly controlled by CAMINO DEL RAY

  • PUEBLO NUEVO I MM LLC

    N/A · LOW INCOME HOUSING · NY

  • PUEBLO NUEVO II MM LLC

    N/A · LOW INCOME HOUSING · NY

  • PUEBLO NUEVO I LLC

    N/A · LOW INCOME HOUSING · NY

  • PUEBLO NUEVO II LLC

    N/A · LOW INCOME HOUSING · NY

  • ALTA VISTA HOUSING MM LLC

    N/A · LOW INCOME HOUSING · NY

  • ALTA VISTA HOUSING LLC

    N/A · LOW INCOME HOUSING · NY

Related corporations and trusts

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

  • CAMINO DEL REY INC

    C · LOW INCOME HOUSING · NY · 0.01% owned

    Directly controlled by IBERO-AMERICAN DEVELOPMENT CORPORATION

  • CAMINO DEL REY II INC

    C · LOW INCOME HOUSING · NY · 0.01% owned

    Directly controlled by IBERO-AMERICAN DEVELOPMENT CORPORATION

  • PUEBLO NUEVO B CORPORATION

    C · LOW INCOME HOUSING · NY · 79% owned

    Directly controlled by IBERO-AMERICAN DEVELOPMENT CORPORATION

  • PUEBLO NUEVO MM CORPORATION

    S · LOW INCOME HOUSING · NY · 100% owned

    Directly controlled by IBERO-AMERICAN DEVELOPMENT CORPORATION

  • PUEBLO NUEVO I HDFC

    C · LOW INCOME HOUSING · NY · 100% owned

    Directly controlled by IBERO-AMERICAN DEVELOPMENT CORPORATION

  • PUEBLO NUEVO II HDFC

    C · LOW INCOME HOUSING · NY · 100% owned

    Directly controlled by IBERO-AMERICAN DEVELOPMENT CORPORATION

  • EL CAMINO HOUSING DEVELOPMENT FUND COMPANY INC

    C · NON-EQUITY MEMBER OF EL CAMINO HOUSING LLC · NY · 100% owned

    Directly controlled by IBERO-AMERICAN DEVELOPMENT CORPORATION

  • EL CAMINO HOUSING II DEVELOPMENT FUND COMPANY INC

    C · NON-EQUITY MEMBER OF EL CAMINO HOUSING II LLC · NY · 100% owned

    Directly controlled by IBERO-AMERICAN DEVELOPMENT CORPORATION

  • PUEBLO NUEVO II B CORPORATION

    C · LOW INCOME HOUSING · NY · 0.01% owned

    Directly controlled by IBERO-AMERICAN DEVELOPMENT CORPORATION

  • ALTA VISTA HOUSING SLIHC CORPORATION

    C · LOW INCOME HOUSING · NY · 0.01% owned

    Directly controlled by IBERO-AMERICAN DEVELOPMENT CORPORATION

Provenance

Return type
form_990
Tax year
2025
Filed
11 August 2026
IRS schema version
2025v4.2
Source object
202612239349300141

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