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Instituto Parr El Desarrollo Socio Economico Y De Vivienda De Pr Inc

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

EIN: 660658219 ✦ Mayaguez, PR ✦ Designated as a 501(c)(3)

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Overview

What is Instituto Parr El Desarrollo Socio Economico Y De Vivienda De Pr Inc?

Instituto Parr El Desarrollo Socio Economico Y De Vivienda De Pr Inc, based in Mayaguez, Puerto Rico, is a nonprofit organization primarily focused on development activities and socioeconomic projects. Their mission is to assist low and moderate-income communities in Puerto Rico by engaging in housing and socioeconomic development projects. With a team of 21 employees, they strive to improve living conditions and promote overall community development. Their work involves construction, rehabilitation, and development of social housing, contributing to the betterment of their community.

Is Instituto Parr El Desarrollo Socio Economico Y De Vivienda De Pr Inc legitimate?

Instituto Parr El Desarrollo Socio Economico Y De Vivienda De Pr Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Instituto Parr El Desarrollo Socio Economico Y De Vivienda De Pr 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: $91,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $246,052

For more financial information, click here

What is the mission statement of Instituto Parr El Desarrollo Socio Economico Y De Vivienda De Pr Inc?

The Instituto Parr El Desarrollo Socio Economico Y De Vivienda De Pr Inc is dedicated to carrying out development projects and constructing housing for low and moderate-income communities in Puerto Rico. Their primary mission involves assisting these communities in their socioeconomic development. Their activities encompass various aspects, including the construction, rehabilitation, and management of social housing. The institute aims to contribute to the betterment of these communities by providing them with essential resources and opportunities for improvement.

Who is the CEO of Instituto Parr El Desarrollo Socio Economico Y De Vivienda De Pr Inc?

Juan E Sabathie is the Executive Director of Instituto Parr El Desarrollo Socio Economico Y De Vivienda De Pr Inc.

What is the revenue of Instituto Parr El Desarrollo Socio Economico Y De Vivienda De Pr Inc?

Instituto Parr El Desarrollo Socio Economico Y De Vivienda De Pr Inc's revenue in 2022 was $548,372.

Who are the executives of Instituto Parr El Desarrollo Socio Economico Y De Vivienda De Pr Inc and what are their salaries?

The average compensation at Instituto Parr El Desarrollo Socio Economico Y De Vivienda De Pr Inc during 2022 was $16,050. There are 21 employees at Instituto Parr El Desarrollo Socio Economico Y De Vivienda De Pr Inc.


Here are 7 key members and their salaries:


Juan E Sabathie (Executive Director)
  • Compensation: $91,000
  • Related: $0
  • Other: $0
German A Arcelay (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alejandro M Guzman (Vicepresident)
  • Compensation: $0
  • Related: $0
  • Other: $0
Arleen I Gaztambide (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
German J Arcelay (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Felix E Lopez (Vocal)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marisol Benitez (Vocal)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Instituto Parr El Desarrollo Socio Economico Y De Vivienda De Pr Inc?

Instituto Parr El Desarrollo Socio Economico Y De Vivienda De Pr Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Instituto Parr El Desarrollo Socio Economico Y De Vivienda De Pr Inc

Instituto Parr El Desarrollo Socio Economico Y De Vivienda De Pr Inc is dedicated to aiding low and moderate income communities in Puerto Rico by carrying out development activities, housing projects, and fostering socioeconomic growth. The organization's mission is centered around providing assistance to these communities, focusing on the construction, rehabilitation, and development of social housing. By undertaking these initiatives, Instituto Parr El Desarrollo Socio Economico Y De Vivienda De Pr Inc aims to improve the living conditions and socioeconomic status of those in need within Puerto Rico.

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Impact




October, 2024

Instituto Parr El Desarrollo Socio Economico Y De Vivienda De Pr Inc makes a significant impact by focusing on the development, construction, and rehabilitation of social housing in Puerto Rico. The organization is dedicated to improving living conditions and enhancing socioeconomic opportunities for low and moderate-income communities in the region.

By undertaking various housing projects, Instituto Parr addresses the critical need for accessible and affordable housing, which is essential for fostering stable communities. Additionally, its socioeconomic development initiatives aim to empower residents, providing them with the resources, training, and support necessary for improving their quality of life.

The work of Instituto Parr in Mayaguez and throughout Puerto Rico plays a vital role in alleviating housing insecurity, promoting community resilience, and fostering economic development in areas that are often underserved. Overall, its efforts contribute to the broader goal of uplifting communities and creating a more equitable environment for all residents in Puerto Rico.




This information is meant to be a general summary of Instituto Parr El Desarrollo Socio Economico Y De Vivienda De Pr 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
$548,372 (2022)
Expenses
$1,156,907 (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: $496,091
  • Gross Receipts: $548,372

Assets and Liabilities:

  • Total Assets: $9,454,336
  • Total Liabilities: $2,401,915
  • Net Assets: $7,052,421

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Programs

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

RENTAL OF SOCIAL HOUSING

Revenue

$346,091

REHABILITATION OF SOCIAL HOUSING

Revenue

$150,000

Organization Details

Founding Year

2006

Principal Officer

Juan E Sabathie

Main Address

PO BOX 7154, MAYAGUEZ, PR, 00681

NTEE Category

Code: L20 - Housing

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