Overview
What is Ibero-American Development Corporation?
The Ibero-American Development Corporation, situated in Rochester, New York, is a nonprofit organization with a mission to alleviate hardship for low-to-moderate income individuals and families in the area. They accomplish this by providing housing accommodations and social and recreational facilities, as well as managing real property for various nonprofit entities. In an additional endeavor, the corporation identifies, refurbishes, or constructs homes, collaborating with third parties to market them to eligible buyers in the Rochester region. Their primary focus is on developing and renting facilities to nonprofit organizations, as well as rehabilitating and building affordable housing.
Official website here: www.iadconline.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 90%, Four-Star out of Four Star Rating.
The Ibero-American Development Corporation has earned a commendable Four-Star rating from Charity Navigator, indicating strong performance in accountability and finance. The organization scored 90% overall, reflecting its commitment to transparency and responsible financial practices. A notable strength is its fully independent board, which enhances governance, and the organization has also demonstrated excellent oversight with no material diversion of assets.
The financial metrics reveal a high program expense ratio of 93.40%, suggesting that a significant portion of its resources is allocated directly to its initiatives. The strong audit and oversight measures in place further bolster the organization's credibility. However, there is room for improvement in its liabilities to assets ratio, which stands at 57.67%, indicating that while the organization is managing its debts, it may benefit from strengthening its financial position.
Overall, the Ibero-American Development Corporation showcases a robust framework for accountability, characterized by comprehensive policies and independent governance. While it excels in many areas, addressing its financial leverage could enhance its stability and sustainability in the long term.
This AI summary has been generated from information found on Charity Navigator.
Is Ibero-American Development Corporation legitimate?
Ibero-American Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ibero-American Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.iadconline.org
What is the mission statement of Ibero-American Development Corporation?
The Ibero-American Development Corporation was established with a mission to alleviate the hardships and distress of individuals and families of low to moderate income residing in various areas. One of its primary objectives is to provide suitable housing accommodations and social and recreational facilities. Furthermore, the corporation maintains and manages real estate properties for various non-profit entities. Additionally, it identifies, refurbishes, or builds homes and markets them in collaboration with third parties, offering these dwellings to eligible buyers. This organization's overarching goal is to contribute positively to the lives of those in need, providing them with stable living conditions and community resources.
Official website here: www.iadconline.org
Who is the CEO of Ibero-American Development Corporation?
Eugenio Marlin is the Chairman of Ibero-American Development Corporation. The CEO's salary of Ibero-American Development Corporation is $0 and their total compensation is $139,091.
Official website here: www.iadconline.org
What is the revenue of Ibero-American Development Corporation?
Ibero-American Development Corporation's revenue in 2023 was $965,221.
Official website here: www.iadconline.org
Who are the executives of Ibero-American Development Corporation and what are their salaries?
There 5 volunteers at Ibero-American Development Corporation.
Here are 8 key members and their salaries (Ibero-American Development Corporation's CEO's salary is $0 and their total compensation is $139,091):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $122,752
- Other: $16,339
- Compensation: $0
- Related: $91,503
- Other: $14,545
- Compensation: $0
- Related: $111,299
- Other: $7,889
Official website here: www.iadconline.org
Where can I find the form 990 for Ibero-American Development Corporation?
Ibero-American Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.iadconline.org
Learn more at the official website: www.iadconline.org
Mission Statement of Ibero-American Development Corporation
The Ibero-American Development Corporation was established with a mission to alleviate the hardship and distress experienced by individuals and families of low to moderate income residing in various communities. This non-profit organization seeks to accomplish this by providing dwelling accommodations and social and recreational facilities. Additionally, Ibero-American Development Corporation maintains and manages real property for various non-profit entities. The corporation also identifies, refurbishes, or builds homes in collaboration with third-party entities, offering these properties to eligible purchasers in an effort to improve housing conditions for those in need.
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Impact
October, 2024
The Ibero-American Development Corporation plays a crucial role in supporting low and moderate-income families in Rochester, NY, by addressing their housing needs and enhancing their quality of life. By providing affordable housing options, the organization helps alleviate hardship and distress faced by individuals and families in the community.
In addition to developing and rehabilitating affordable housing, the corporation focuses on creating social and recreational facilities that foster community engagement and well-being. Its efforts improve living conditions and contribute to the overall revitalization of the area.
Furthermore, the organization collaborates with other entities to identify, refurbish, and market homes, ensuring that eligible buyers have access to safe and decent housing. This multi-faceted approach not only addresses immediate housing needs but also promotes sustainable development and community growth, which benefits both residents and the broader area.
By maintaining and managing properties that serve various nonprofit organizations, the Ibero-American Development Corporation effectively contributes to the support systems that assist vulnerable populations, including the developmentally disabled and elderly individuals. Its comprehensive initiatives significantly impact the lives of those it serves, fostering a more equitable and supportive community.
This information is meant to be a general summary of Ibero-American Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $3,543
- Program Service Revenue: $865,302
- Gross Receipts: $965,221
Assets and Liabilities:
- Total Assets: $6,824,323
- Total Liabilities: $3,935,602
- Net Assets: $2,888,721
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$618,751
REAL ESTATE COMMISSION
Revenue
$85,821
DEVELOPERS FEES
Revenue
$82,702
PROPERTY MANAGEMENT FE
Revenue
$78,028
Organization Details
Founding Year
1986
Phone
(585) 467-6410Principal Officer
Eugenio Marlin
Main Address
954 CLIFFORD AVENUE, ROCHESTER, NY, 14621
Website
www.iadconline.orgNTEE Category
Code: L200 - Housing
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