L E R HOUSING DEVELOPMENT FUND CORPORATION: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization: L E R HOUSING DEVELOPMENT FUND CORPORATION (EIN 13-4032452)
Tax period: 2023-01-01 to 2023-12-31
Filed: 2024-11-14
IRS object ID: 202423199349310677
Schema version: 2023v5.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule D
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2024-11-14T14:51:33-05:00	ReturnTs
Tax Period End	2023-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	133747593	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	VARGAS & RIVERA CPA'S LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	586 ROUTE 304	AddressLine1Txt
City	NEW CITY	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10956	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2023-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	134032452	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	LER HOUSING DEVELOPMENT FUND CORP	BusinessNameLine1Txt
Business Name Line2	C/O EL BARRIO'S OPERATION FIGHTBACK	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Business Name Control	LERH	BusinessNameControlTxt
Phone	2124107900	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	413 EAST 120TH STREET	AddressLine1Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10035	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	LYMARIS ALBORS	PersonNm
Person Title	CEO	PersonTitleTxt
Phone	2124107900	PhoneNum
Signature	2024-11-14	SignatureDt

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	false	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	THEODORE VARGAS	PreparerPersonNm
PTIN	P00444467	PTIN
Phone	8456383113	PhoneNum
Preparation	2024-11-14	PreparationDt

Field	Value	IRS element (for citing)
Tax	2023	TaxYr
Build TS	2024-10-15 13:58:12Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	LYMARIS ALBORS	PrincipalOfficerNm
Gross Receipts	$378,597	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	N/A	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Activity Or Mission	THIS CORPORATION WAS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF DEVELOPING, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME AND NEEDY, PURSUANT TO SECTION 573 OF ARTICLE XI OF THE PHFL	ActivityOrMissionDesc
Voting Members Governing Body	15	VotingMembersGoverningBodyCnt
Voting Members Independent	15	VotingMembersIndependentCnt
Total Employee	1	TotalEmployeeCnt
Total Gross UBI	$0	TotalGrossUBIAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$295,280	PYProgramServiceRevenueAmt
CY Program Service Revenue	$378,597	CYProgramServiceRevenueAmt
CY Investment Income	$0	CYInvestmentIncomeAmt
CY Other Revenue	$0	CYOtherRevenueAmt
PY Total Revenue	$295,280	PYTotalRevenueAmt
CY Total Revenue	$378,597	CYTotalRevenueAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$41,545	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$52,747	CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$262,232	PYOtherExpensesAmt
CY Other Expenses	$359,025	CYOtherExpensesAmt
PY Total Expenses	$303,777	PYTotalExpensesAmt
CY Total Expenses	$411,772	CYTotalExpensesAmt
PY Revenues Less Expenses	-$8,497	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	-$33,175	CYRevenuesLessExpensesAmt
Total Assets BOY	$1,143,662	TotalAssetsBOYAmt
Total Assets EOY	$1,052,951	TotalAssetsEOYAmt
Total Liabilities BOY	$1,132,506	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$1,074,970	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$11,156	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	-$22,019	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	THIS CORPORATION WAS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF DEVELOPING, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME AND NEEDY, PURSUANT TO SECTION 573 OF ARTICLE XI OF THE PHFL	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Expense	$411,772	ExpenseAmt
Desc	RENTALS TO PERSONS OF LOW INCOME.	Desc
Total Program Service Expenses	$411,772	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (true)	DescribedInSection501c3Ind
Schedule B Required	false	ScheduleBRequiredInd
Political Campaign Acty	false	PoliticalCampaignActyInd
Lobbying Activities	false	LobbyingActivitiesInd
Subject To Proxy Tax	false	SubjectToProxyTaxInd
Donor Advised Fund	false	DonorAdvisedFundInd
Conservation Easements	false	ConservationEasementsInd
Collections Of Art	false	CollectionsOfArtInd
Credit Counseling	false	CreditCounselingInd
Donor Rstr Or Quasi Endowments	false	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (true)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	false	ReportInvestmentsOtherSecInd
Report Program Related Invst	false	ReportProgramRelatedInvstInd
Report Other Assets	Yes (true)	ReportOtherAssetsInd
Report Other Liabilities	Yes (true)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	false	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	false	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	false	ConsolidatedAuditFinclStmtInd
School Operating	false	SchoolOperatingInd
Foreign Office	false	ForeignOfficeInd
Foreign Activities	false	ForeignActivitiesInd
More Than5000 K To Org	false	MoreThan5000KToOrgInd
More Than5000 K To Individuals	false	MoreThan5000KToIndividualsInd
Professional Fundraising	false	ProfessionalFundraisingInd
Fundraising Activities	false	FundraisingActivitiesInd
Gaming Activities	false	GamingActivitiesInd
Operate Hospital	false	OperateHospitalInd
Grants To Organizations	false	GrantsToOrganizationsInd
Grants To Individuals	false	GrantsToIndividualsInd
Schedule J Required	Yes (true)	ScheduleJRequiredInd
Tax Exempt Bonds	false	TaxExemptBondsInd
Engaged In Excess Benefit Trans	false	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	false	PYExcessBenefitTransInd
Loan Outstanding	false	LoanOutstandingInd
Grant To Related Person	false	GrantToRelatedPersonInd
Business Rln With Org Mem	false	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	false	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	false	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	false	DeductibleNonCashContriInd
Deductible Art Contribution	false	DeductibleArtContributionInd
Terminate Operations	false	TerminateOperationsInd
Partial Liquidation	false	PartialLiquidationInd
Disregarded Entity	false	DisregardedEntityInd
Related Entity	false	RelatedEntityInd
Related Organization Ctrl Ent	false	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	false	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	false	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (true)	ScheduleORequiredInd
IRP Document	0	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Employee	1	EmployeeCnt
Employment Tax Returns Filed	false	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	false	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Taxable Party Notification	false	TaxablePartyNotificationInd
Nondeductible Contributions	false	NondeductibleContributionsInd
Indoor Tanning Services	false	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	false	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	15	GoverningBodyVotingMembersCnt
Independent Voting Member	15	IndependentVotingMemberCnt
Family Or Business Rln	false	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	false	DelegationOfMgmtDutiesInd
Change To Org Documents	false	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	false	MaterialDiversionOrMisuseInd
Members Or Stockholders	false	MembersOrStockholdersInd
Election Of Board Members	false	ElectionOfBoardMembersInd
Decisions Subject To Approva	false	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (true)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (true)	MinutesOfCommitteesInd
Officer Mailing Address	false	OfficerMailingAddressInd
Local Chapters	false	LocalChaptersInd
Form990 Provided To Gvrn Body	false	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (true)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	false	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (true)	RegularMonitoringEnfrcInd
Whistleblower Policy	false	WhistleblowerPolicyInd
Document Retention Policy	false	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (true)	CompensationProcessCEOInd
Compensation Process Other	Yes (true)	CompensationProcessOtherInd
Investment In Joint Venture	false	InvestmentInJointVentureInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	LER HDFC	BusinessNameLine1Txt
Business Name Line2	LER HDFC	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Phone	2124107900	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	413 EAST 120TH STREET RM 403	AddressLine1Txt
Address Line2	413 EAST 120TH STREET RM 403	AddressLine2Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	100353602	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt
RAUL RUSSI
PRESIDENT	0.50	Yes (X)	Yes (X)	$0	$909,372	$70,634
LYMARIS ALBORS
CEO	0.50	Yes (X)	Yes (X)	$0	$803,886	$39,079
JOSE R RODRIGUEZ
CLO/EXEC VP	0.50	Yes (X)	Yes (X)	$0	$602,553	$37,084
VICKY GATELL
CFO	0.50	Yes (X)	Yes (X)	$0	$454,869	$42,707
ANGEL AUDIFFRED
SECRETARY		Yes (X)		$0	$0	$0
ELIEZER BERRIOS
MEMBER		Yes (X)		$0	$0	$0
HENRY COMAS
CHAIR		Yes (X)		$0	$0	$0
RAMON DIAZ
VICE CHAIR		Yes (X)		$0	$0	$0
VIVECA DIAZ
MEMBER		Yes (X)		$0	$0	$0
ELIEZER RODRIGUEZ ESQ
MEMBER		Yes (X)		$0	$0	$0
AMNERIS MORALES
MEMBER		Yes (X)		$0	$0	$0
FRANK QUILES
MEMBER		Yes (X)		$0	$0	$0
WILFRED RENTA
TREASURER		Yes (X)		$0	$0	$0
ANTHONY RIVERA
MEMBER		Yes (X)		$0	$0	$0
SHIRLEY STROUD
MEMBER		Yes (X)		$0	$0	$0

Field	Value	IRS element (for citing)
Tot Reportable Comp Rltd Org	$2,770,680	TotReportableCompRltdOrgAmt
Total Other Compensation	$189,504	TotalOtherCompensationAmt
Former Ofcr Employees Listed	false	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (true)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	false	CompensationFromOtherSrcsInd

Program Service Revenue ProgramServiceRevenueGrp

Field	Value	IRS element (for citing)
Desc	RENTAL INCOME	Desc
Total Revenue Column	$378,597	TotalRevenueColumnAmt
Exclusion	$378,597	ExclusionAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$378,597	TotalProgramServiceRevenueAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$378,597	TotalRevenueColumnAmt
Exclusion	$378,597	ExclusionAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$52,747	TotalAmt
Program Services	$52,747	ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$24,030	TotalAmt
Program Services	$24,030	ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$5,500	TotalAmt
Program Services	$5,500	ProgramServicesAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$5,889	TotalAmt
Program Services	$5,889	ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$55,563	TotalAmt
Program Services	$55,563	ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt
UTILITIES	$136,265	$136,265
INSURANCE	$40,106	$40,106
REPAIRS	$29,936	$29,936
PROPERTY MGMT FEE	$29,379	$29,379

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$32,357	TotalAmt
Program Services	$32,357	ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$411,772	TotalAmt
Program Services	$411,772	ProgramServicesAmt
Management And General	$0	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$161,548	BOYAmt
EOY	$94,501	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$10,753	BOYAmt
EOY	$10,753	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$70,510	BOYAmt
EOY	$23,465	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$1,324	BOYAmt
EOY	$11,525	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$1,291,717	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$1,051,977	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$295,303	BOYAmt
EOY	$239,740	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$604,224	BOYAmt
EOY	$672,967	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$1,143,662	BOYAmt
EOY	$1,052,951	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$95,746	BOYAmt
EOY	$30,751	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$1,036,760	BOYAmt
EOY	$1,044,219	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$1,132,506	BOYAmt
EOY	$1,074,970	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$11,156	BOYAmt
EOY	-$22,019	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$11,156	BOYAmt
EOY	-$22,019	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$1,143,662	BOYAmt
EOY	$1,052,951	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	-$33,175	ReconcilationRevenueExpnssAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	false	AccountantCompileOrReviewInd
FS Audited	Yes (true)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (true)	AuditCommitteeInd
Federal Grant Audit Required	false	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org509a2	Yes (X)	PubliclySupportedOrg509a2Ind

Gross Receipts Non Unrlt Bus GrossReceiptsNonUnrltBusGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$310,565	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$325,037	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$288,005	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$295,280	CurrentTaxYearMinus1YearAmt
Current Tax Year	$378,597	CurrentTaxYearAmt
Total	$1,597,484	TotalAmt

Total509 Total509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$310,565	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$325,037	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$288,005	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$295,280	CurrentTaxYearMinus1YearAmt
Current Tax Year	$378,597	CurrentTaxYearAmt
Total	$1,597,484	TotalAmt

Field	Value	IRS element (for citing)
Public Support Total509	$1,597,484	PublicSupportTotal509Amt

Total Support Calendar Year TotalSupportCalendarYearGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$310,565	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$325,037	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$288,005	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$295,280	CurrentTaxYearMinus1YearAmt
Current Tax Year	$378,597	CurrentTaxYearAmt
Total	$1,597,484	TotalAmt

Field	Value	IRS element (for citing)
Public Support CY509	1.00000	PublicSupportCY509Pct
Public Support PY509	1.00000	PublicSupportPY509Pct
Investment Income CY	0.00000	InvestmentIncomeCYPct
Investment Income PY	0.00000	InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509	Yes (X)	ThirtyThrPctSuprtTestsCY509Ind

Schedule D IRS990ScheduleD

Other Assets Org OtherAssetsOrgGrp (2 entries)

DescDesc	Book ValueBookValueAmt
DUE TO/FROM RELATED PARTIES	$669,782
UTILITY DEPOSITS	$3,185

Field	Value	IRS element (for citing)
Total Book Value Other Assets	$672,967	TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDesc	AmtAmt
MORTGAGE PAYABLE	$1,019,997
ACCRUED EXPENSES	$13,790
RENT SECURITY	$10,432

Field	Value	IRS element (for citing)
Total Liability	$1,044,219	TotalLiabilityAmt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Written Employment Contract	Yes (X)	WrittenEmploymentContractInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	false	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	false	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	false	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	false	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	false	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	false	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	false	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	false	AnyNonFixedPaymentsInd
Initial Contract Exception	false	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 entries)

TitleTitleTxt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt
RAUL RUSSI
PRESIDENT	$909,372	$70,634	$980,006
LYMARIS ALBORS
CEO	$803,886	$39,079	$842,965
JOSE R RODRIGUEZ
CLO/EXEC VP	$602,553	$37,084	$639,637
VICKY GATELL
CFO	$454,869	$42,707	$497,576

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990 - ORGANIZATION'S MISSION	THIS CORPORATION WAS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF DEVELOPING, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME AND NEEDY, PURSUANT TO SECTION 573 OF ARTICLE XI OF THE PHFL
FORM 990, PAGE 6, PART VI, LINE 11B	THE 990 IS DISTRIBUTED TO THE BOARD OF DIRECTORS PRIOR TO FILING.
FORM 990, PAGE 6, PART VI, LINE 12C	ANNUAL SIGNED STATEMENTS ARE PROVIDED THAT AFFIRMS THAT THE INTERESTED PARTIES ARE IN COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY.
FORM 990, PAGE 6, PART VI, LINE 15A	PURSUANT TO THE ORGANIZATION'S BYLAWS, THE ORGANIZATION DELEGATES TO ITS PARENT ENTITY THE HIRING OF THE CEO AND PRESIDENT. THE COMPENSATION OF THE EXECUTIVES IS APPROVED BY THE PARENT ENTITY, WHO HIRES A CONSULTANT TO CONDUCT A STUDY. A STANDING COMPENSATION COMMITTEE OF THE PARENT ENTITY REVIEWS A COMPENSATION STUDY AND VOTES HOW TO PROCEED.
FORM 990, PAGE 6, PART VI, LINE 15B	SAME AS 15A
FORM 990, PAGE 6, PART VI, LINE 19	THE GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND ANNUAL FINANCIAL STATEMENTS ARE VAILABLE TO THE PUBLIC UPON REQUEST.