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Nonprofiteer
← SOCIEDAD REAL ESTATE HOLDINGS INC

Form 990 for tax year 2024

Filed by SOCIEDAD REAL ESTATE HOLDINGS INC.

Totals

Total revenue
$132,476
Total expenses
$207,211
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$132,476
Investment income
$0
Other revenue
$0
Total assets, end of year
$4,499,689
Total liabilities, end of year
$4,732,272
Net assets or fund balances, end of year
-$232,583
Program services expenses (Part IX)
$0
Management and general expenses
$207,211
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 2a · Program service revenue: RENTAL INCOME

    total $132,476 · related or exempt $132,476

Functional expenses

Part IX, the statement of functional expenses.

  • 13 · Office expenses

    total $90 · management and general $90

  • 16 · Occupancy

    total $12,500 · management and general $12,500

  • 20 · Interest

    total $65,544 · management and general $65,544

  • 22 · Depreciation, depletion and amortization

    total $129,077 · management and general $129,077

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $249,234 · end of year $328,944

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

    $4,708,605

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

    $537,860

  • 10c · Land, buildings and equipment, net

    beginning of year $4,299,822 · end of year $4,170,745

  • 17 · Accounts payable and accrued expenses

    end of year $18,747

  • 23 · Secured mortgages and notes payable

    beginning of year $4,706,904 · end of year $4,713,525

  • 27 · Net assets without donor restrictions

    beginning of year -$157,848 · end of year -$232,583

Mission and programs · 2024

Mission

SEE 990, PART 1, LINE 1.

Activities or mission (Part I)

THE PURPOSE OF SOCIEDAD REAL ESTATE HOLDINGS, INC. IS TO FACILITATE SOCIEDAD LATINA'S MISSION OF YOUTH AND COMMUNITY OUTREACH AND SUPPORT BY ASSISTING SOCIEDAD LATINA WITH ITS PROJECTS AND INITIATIVES.

  • SUPPORTING ORGANIZATION, UNDER THE MEANING OF 509(A)(3), TO SOCIEDAD LATINA, INC., A MASSACHUSETTS NONPROFIT CORPORATION. SOCIEDAD REAL ESTATE HOLDINGS, INC. IS OPERATED AT ALL TIMES EXCLUSIVELY FOR THE BENEFIT OF SOCIEDAD LATINA, INC. AND ITS CHARITABLE MISSION.

    Revenue $132,476

As filed on the 2024 return.

Listed in Part VII

  • Alexandra Oliver-Davila

    CLERK/ EXECUTIVE DIRECTOR

    Total calculated
    $193,749
    From this org
    $0
    From related orgs
    $162,518
    Other
    $31,231
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $162,518 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $31,231 related
    Filer's total
    $0 + $193,749 related

  • Jaime Lopez

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • Yamileth Lopez

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

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

The filer's explanations (Part III)

PART I, LINE 3
OFFICER COMPENSATION IS REVIEWED AND EVALUATED BY THE BOARD OF DIRECTORS OF SOCIEDAD LATINA, INC. ANNUALLY. ANY POTENTIAL RAISE IS PLACED IN THE BUDGET DURING THE ANNUAL BUDGET PROCESS BUT NOT RELEASED UNTIL THE REVIEW IS APPROVED. THE SALARY CONSTRUCT FOR ALL EMPLOYEES IS BASED ON SALARY RANGES IN PRACTICE BY AREA NONPROFITS AS WELL AS THE NEED TO REMAIN COMPETITIVE WITHIN THE JOB MARKET. THE BOARD AND EXECUTIVE DIRECTOR OF SOCIEDAD LATINA, INC. REVIEW THE RATES ANNUALLY THROUGH THE BUDGET PROCESS.

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
20 February 2026
IRS schema version
2024v5.5
Source object
202640579349301229

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