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Nonprofiteer
← RYDER VILLAGE II INC

Form 990 for tax year 2022

Filed by RYDER VILLAGE II INC.

Totals

Total revenue
$395,637
Total expenses
$439,123
Contributions and grants received
$283,561
Grants paid
$0
Program service revenue
$75,209
Investment income
$992
Other revenue
$35,875
Total assets, end of year
$2,059,374
Total liabilities, end of year
$86,701
Net assets or fund balances, end of year
$1,972,673
Program services expenses (Part IX)
$366,299
Management and general expenses
$72,824
Fundraising expenses
$0
Program service expenses (Part III)
$366,299

Program services were 83.4% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $283,561

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: PROGRAM SERVICE - RENT

    total $75,209 · related or exempt $75,209 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $992 · related or exempt $0 · unrelated business $0 · excluded $992

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

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

    $0

  • 11a · Other revenue: LAUNDRY, VENDING MACHINES AND OTHER INCOME

    total $35,875 · related or exempt $35,875 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $35,875

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $65,573 · program services $20,133 · management and general $45,440

  • 9 · Other employee benefits

    total $1,942 · program services $713 · management and general $1,229

  • 10 · Payroll taxes

    total $6,753 · program services $6,753

  • 11a · Fees: management

    total $20,376 · program services $20,376

  • 11c · Fees: accounting

    total $14,404 · management and general $14,404

  • 11g · Fees: other

    total $55,397 · program services $55,397

  • 12 · Advertising and promotion

    total $321 · management and general $321

  • 13 · Office expenses

    total $5,013 · management and general $5,013

  • 16 · Occupancy

    total $43,236 · program services $43,236

  • 22 · Depreciation, depletion and amortization

    total $104,934 · program services $104,934

  • 23 · Insurance

    total $23,184 · program services $23,184

  • 24a · Other expenses: Maintenance Contracts

    total $91,573 · program services $91,573 · management and general $0 · fundraising $0

  • 24b · Other expenses: Other Expenses

    total $6,417 · program services $0 · management and general $6,417 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $34,648 · end of year $3,860

  • 2 · Savings and temporary cash investments

    beginning of year $197,780 · end of year $282,613

  • 4 · Accounts receivable

    beginning of year $5,591 · end of year $4,532

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,391 · end of year $5,123

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

    $3,618,708

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

    $1,855,462

  • 10c · Land, buildings and equipment, net

    beginning of year $1,834,372 · end of year $1,763,246

  • 17 · Accounts payable and accrued expenses

    beginning of year $70,319 · end of year $75,714

  • 25 · Other liabilities

    beginning of year $10,407 · end of year $10,987

  • 27 · Net assets without donor restrictions

    beginning of year $1,997,056 · end of year $1,972,673

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

TO PROVIDE RENTAL HOUSING TO ELDERLY INDIVIDUALS. THE PROJECT HAS 41 APARTMENT UNITS FOR THIS PURPOSE.

Activities or mission (Part I)

TO PROVIDE RENT HOUSING TO ELDERLY INDIVIDUALS. THE PROJECT HAS 41 APARTMENT UNITS.

  • THE PROJECT IS A 41-UNIT APARTMENT FACILITY FOR ELDERLY PERSONS LOCATED IN HUMACAO, PUERTO RICO. IT IS OPERATED UNDER SECTION 811 OF THE NATIONAL HOUSING ACT OF 1990 AND REGULATED BY THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS. DURING THE YEAR THE AVERAGE PERCENTAGE OF OCCUPANCY WAS 84.48%.

    Expenses $366,299 · Revenue $75,209

As filed on the 2022 return.

Listed in Part VII

  • Carmen S Albino

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Juan Mendez

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Esther Aleman

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • Carmen S Garcia

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Pedro Diaz

    TREASURER

    Total calculated
    $0
    Hours/week
    4

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.

Provenance

Return type
form_990
Tax year
2022
Filed
11 July 2024
IRS schema version
2022v5.0
Source object
202441939349300044

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