Villa Del Asociado Jenaro Cortes Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 660395939 ✦ San juan, PR ✦ Designated as a 501(c)(3)

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Overview

What is Villa Del Asociado Jenaro Cortes Inc?

Villa Del Asociado Jenaro Cortes Inc is a nonprofit organization situated in San Juan, Puerto Rico. With a staff of four individuals, its primary mission is to provide affordable housing units specifically for the elderly. This mission is supported by subsidies from the Federal Housing Administration, ensuring that elderly residents have access to suitable and economical living arrangements. The organization has continued its operations and has remained dedicated to serving its community in this capacity.

Is Villa Del Asociado Jenaro Cortes Inc legitimate?

Villa Del Asociado Jenaro Cortes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Villa Del Asociado Jenaro Cortes Inc 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: $48,136
Professional Fundraising Fees: $0
Other Salaries and Wages: $35,889

For more financial information, click here

What is the mission statement of Villa Del Asociado Jenaro Cortes Inc?

Villa Del Asociado Jenaro Cortes Inc's mission is centered around providing housing units for the elderly. This mission is made possible through subsidies from the Federal Housing Administration. The organization's primary activity is to offer housing services that are financially accessible due to these subsidies. Over the years, Villa Del Asociado Jenaro Cortes Inc has consistently maintained its operations, continuing to provide affordable housing services to its elderly residents.

Who is the CEO of Villa Del Asociado Jenaro Cortes Inc?

Carmen M Agosto Serrano is the Principal Officer of Villa Del Asociado Jenaro Cortes Inc.

What is the revenue of Villa Del Asociado Jenaro Cortes Inc?

Villa Del Asociado Jenaro Cortes Inc's revenue in 2022 was $746,738.

Who are the executives of Villa Del Asociado Jenaro Cortes Inc and what are their salaries?

The average compensation at Villa Del Asociado Jenaro Cortes Inc during 2022 was $21,006. There are 4 employees and 8 volunteers at Villa Del Asociado Jenaro Cortes Inc.


Here are 2 key members and their salaries:


Marangely Delgado (Project Administrator)
  • Compensation: $27,106
  • Related: $0
  • Other: $0
Enid Morales Sanchez (Social Worker)
  • Compensation: $21,030
  • Related: $0
  • Other: $0
Where can I find the form 990 for Villa Del Asociado Jenaro Cortes Inc?

Villa Del Asociado Jenaro Cortes Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Villa Del Asociado Jenaro Cortes Inc

Villa Del Asociado Jenaro Cortes Inc, as a nonprofit organization, is dedicated to providing housing units for the elderly. This mission is made possible through subsidies from the Federal Housing Administration. The organization's primary objective is to offer affordable housing services, ensuring that elderly individuals have access to safe and suitable living conditions. Over time, Villa Del Asociado Jenaro Cortes Inc has consistently maintained its operations, continuing to provide these subsidized housing services.

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Impact




October, 2024

Villa Del Asociado Jenaro Cortes Inc plays a crucial role in addressing the housing needs of the elderly community in San Juan, PR. By providing affordable housing units that are subsidized by the Federal Housing Administration, it ensures that senior residents have access to safe and secure living environments. This initiative helps to alleviate housing insecurity among the elderly, allowing them to live with dignity and independence.

The entity's ongoing operations reflect a commitment to maintaining affordable housing services, which significantly enhances the quality of life for its residents. By creating a supportive and stable living environment, Villa Del Asociado Jenaro Cortes Inc fosters community connections and promotes the well-being of older adults, ensuring they have a place to call home. This focus on affordable housing is vital in a time when many seniors face financial challenges, making their impact on the community both necessary and profound.




This information is meant to be a general summary of Villa Del Asociado Jenaro Cortes Inc. 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.

Revenue
$746,738 (2022)
Expenses
$717,597 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $741,667
  • Gross Receipts: $746,738

Assets and Liabilities:

  • Total Assets: $958,835
  • Total Liabilities: $455,979
  • Net Assets: $502,856

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Rent Revenue

Revenue

$741,667

Organization Details

Founding Year

1981

Principal Officer

Carmen M Agosto Serrano

Main Address

474 Sergio Cuevas Bustamante Urb Fo, SAN JUAN, PR, 00918

NTEE Category

Code: L22 - Housing

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