2020-02-18T14:09:03-06:00 2019-03-31 475324570 INSERO & CO CPAS LLP 401 E STATE STREET SUITE 500 ITHACA NY 14850 990 2018-04-01 161303858 IBERO-AMERICAN DEVELOPMENT CORPORATION IBER 5854676410 954 CLIFFORD AVE ROCHESTER NY 14621 EUGENIO MARLIN VICE PRESIDENT 5852568900 2020-02-17 1 LESLEY HORNER P00040965 6072724444 98.159.211.134 2020-02-17 08:08:45 ES P DE439166C21F466250E1793C4C7BB23190EF9469 D90E28ABBC28503C12D9C4427C3C76E9D6780335 2018 2020-09-23 17:36:50Z ANGELICA PEREZ DELGADO 954 CLIFFORD AVE ROCHESTER NY 14621 1077581 0 X WWW.IADCONLINE.ORG X 1986 NY THE IBERO-AMERICAN DEVELOPMENT CORPORATION WAS INCORPORATED TO ALLEVIATE THE HARDSHIP AND DISTRESS OF PERSONS AND FAMILIES OF LOW AND MODERATE INCOME IN THE ROCHESTER, NY AREA BY PROVIDING DWELLING ACCOMMODATIONS AND SOCIAL AND RECREATIONAL FACILITIES AND TO MAINTAIN AND MANAGE REAL PROPERTY FOR VARIOUS NON-PROFIT ENTITIES. IN ADDITION, THE IBERO-AMERICAN DEVELOPMENT CORPORATION IDENTIFIES, REFURBISHES OR BUILDS, AND MARKETS HOMES WITH OTHER THIRD PARTIES TO ELIGIBLE PURCHASERS IN THE ROCHESTER, NY AREA. 8 6 0 6 0 0 534637 508884 532960 509291 0 0 156376 59406 1223973 1077581 0 0 0 0 0 219006 0 0 0 1241317 1035260 1241317 1254266 -17344 -176685 5306307 5010453 2542163 2352179 2764144 2658274 X THE IBERO-AMERICAN DEVELOPMENT CORPORATION WAS INCORPORATED TO ALLEVIATE THE HARDSHIP AND DISTRESS OF PERSONS AND FAMILIES OF LOW AND MODERATE INCOME IN THE ROCHESTER, NY AREA BY PROVIDING DWELLING ACCOMMODATIONS AND SOCIAL AND RECREATIONAL FACILITIES AND TO MAINTAIN AND MANAGE REAL PROPERTY FOR VARIOUS NON-PROFIT ENTITIES. IN ADDITION, THE IBERO-AMERICAN DEVELOPMENT CORPORATION IDENTIFIES, REFURBISHES OR BUILDS, AND MARKETS HOMES WITH OTHER THIRD PARTIES TO ELIGIBLE PURCHASERS IN THE ROCHESTER, NY AREA. 0 0 761350 495381 DEVELOPMENT/RENTAL OF FACILITIES TO NONPROFIT ORGANIZATIONS, DEVELOPMENT OF AFFORDABLE HOUSING FOR LOW-TO-MODERATE INCOME INDIVIDUALS AND MANAGEMENT OF HUD PROPERTIES SERVING DEVELOPMENTALLY DISABLED AND ELDERLY INDIVIDUALS 255463 COMMUNITY DEVELOPMENT CORPORATION (CDC)- ORGANIZES RESIDENTS TO ASSIST THEM IN STABILIZING THEIR COMMUNITIES AND FAMILIES 7947 73316 AFFORDABLE HOUSING ISSUES- SALES AND REHABILITATION OF HOUSES PRIMARILY IN THE CITY OF ROCHESTER AND EDUCATION OF LOW INCOME HOME BUYERS 1024760 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 11 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X WILLIAM SONNEVILLE 5854676410 954 CLIFFORD AVE ROCHESTER NY 14621 EMETERIO OTERO CHAIRMAN 0.50 2.00 X X 0 0 0 JOSE CRUZ SECRETARY 0.50 1.00 X X 0 0 0 JUAN LUGO TREASURER 0.50 3.00 X X 0 0 0 ARTHUR R HIRST BOARD MEMBER 0.50 3.00 X 0 0 0 BERLIN BERMUDEZ BOARD MEMBER 0.50 4.00 X 0 0 0 MARCOS A SANTIAGO BOARD MEMBER 0.50 1.00 X 0 0 0 HILDA ESCHER PRESIDENT & CEO (PART YEAR) 2.00 44.00 X X 0 143141 9778 EUGENIO MARLIN VICE PRESIDENT 35.00 X X 0 70355 27725 ANGELICA PEREZ DELGADO CEO 2.00 44.00 X X 0 0 0 RUPERTO MONTERO CFO (PART YEAR) 2.00 44.00 X 0 95432 5247 AMY SARGENT CFO 2.00 44.00 X 0 0 0 0 308928 42750 0 0 1 0 0 146616 362268 508884 RENT/PROPERTY MANAGEME 531190 420725 420725 REAL ESTATE COMMISSION 531310 73316 73316 DEVELOPMENT FEES 230000 15250 15250 509291 OTHER REVENUE 900099 59406 59406 59406 1077581 568697 0 0 X 219006 219006 10500 10500 416960 416960 1400 1400 230 230 79608 79608 7814 7814 59687 59687 304308 304308 49910 49910 SUPPLIES 59766 59766 OPERATING AND MAINTENAN 45077 45077 1254266 1024760 229506 0 70718 15104 638726 721894 105479 223617 145920 25243 17147 8944209 5117362 3964421 3826847 355800 205844 5306307 5010453 272142 197756 1130722 1156406 1132908 993980 6391 4037 2542163 2352179 X 2498095 2392225 266049 266049 2764144 2658274 5306307 5010453 -176685 70815 0 X X 0 1 X 1 1 1 X 281868 277639 287435 534637 508284 1889863 828812 758614 696526 532960 509291 3326203 1110680 1036253 983961 1067597 1017575 5216066 0 0 0 5216066 7219 7368 9358 156376 59406 239727 1117899 1043621 993319 1223973 1076981 5455793 0.95610 0.96910 0.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 175066 175066 7912810 4790131 3122679 198547 195798 2749 657786 131433 526353 3826847 DUE TO AFFILIATES 4037 4037 1077581 0 1077581 0 1077581 1254266 0 1254266 0 1254266 0 0 0 0 0 0 0 0 0 HILDA ESCHER PRESIDENT & CEO (PART YEAR) 0 136566 0 0 0 6575 0 0 0 9778 0 152919 0 0 PART I, LINE 3 THE ORGANIZATION'S CEO, CFO AND VICE PRESIDENT ARE COMPENSATED BY A RELATED ORGANIZATION. THE RELATED ORGANIZATION USES A WRITTEN EMPLOYMENT CONTRACT AND APPROVAL BY ITS BOARD OR COMPENSATION COMMITTEE TO ESTABLISH THE COMPENSATION OF THESE OFFICERS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PROVIDED TO AND REVIEWED BY THE BOARD MEMBERS PRIOR TO BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C THE DIRECTORS FULLY UNDERSTAND THE IMPORTANCE OF HAVING A CONFLICT OF INTEREST POLICY AND THE EFFECT OF ENFORCEMENT. THEREFORE, THE DIRECTORS WILL ASK QUESTIONS REGARDING THEIR OWN OR OTHER DIRECTORS' INVOLVEMENT IN ANY ACTIVITY THAT COULD BE A POTENTIAL CONFLICT OF INTEREST FOR THE COMPANY. BY HAVING TO FILL OUT A CONFLICT OF INTEREST FORM ANNUALLY, WE CAN ADDRESS ANY SUCH ISSUES EXPEDITIOUSLY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS PAID BY THE PARENT COMPANY, IBERO-AMERICAN ACTION LEAGUE, INC. AND IS CHARGED TO IBERO-AMERICAN DEVELOPMENT CORPORATION VIA A MANAGEMENT FEE. FOR THE VICE PRESIDENT OF THE COMPANY, AND FOR ANY OTHER EMPLOYEE, COMPENSATION CHANGES INCLUDE A PERFORMANCE REVIEW. SUCH REVIEWS OCCUR ANNUALLY BEFORE ANY CHANGE IN COMPENSATION IS MADE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL AND SUBCONTRACTING FEES: PROGRAM SERVICE EXPENSES 416,960. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 416,960. FORM 990, PAGE 12, PART XII, LINE 2C: THE PROCESS FOR AUDIT OVERSIGHT AND AUDITOR SELECTION HAS NOT CHANGED FROM THE PRIOR YEAR. A NEW AUDITOR WAS ENGAGED FOR THE 2018 TAX YEAR. IBERO-AMERICAN ACTION LEAGUE INC 817 EAST MAIN STREET ROCHESTER NY 146052722 160954745 TO FOSTER GROWTH AND DEVELOPMENT, PRIMARILY NY 501(C)(3) LINE 7 N/A 0 AMAPOLA HOUSING CORPORATION 817 EAST MAIN STREET ROCHESTER NY 146052722 161570117 RENTAL/PROPERTY MANAGEMENT OF LOW-INCOME HOUSING FOR DEVELOPMENTALLY DISABLE NY 501(C)(3) LINE 7 IBERO-AMERICAN DEVELOPMENT CORPORATION 0 BUENA VISTA HOUSING DEVELOPMENT FUND CORPORATION 817 EAST MAIN STREET ROCHESTER NY 146052722 141871723 RENTAL/PROPERTY MANAGEMENT OF LOW-INCOME HOUSING FOR DEVELOPMENTALLY DISABLE NY 501(C)(3) LINE 7 IBERO-AMERICAN DEVELOPMENT CORPORATION 0 EDISON HOUSING DEVELOPMENT FUND CORPORATION 817 EAST MAIN STREET ROCHESTER NY 146052722 161526969 RENTAL/PROPERTY MANAGEMENT OF LOW-INCOME HOUSING FOR DEVELOPMENTALLY DISABLE NY 501(C)(3) LINE 7 IBERO-AMERICAN DEVELOPMENT CORPORATION 0 IBERO HOUSING CORPORATION 817 EAST MAIN STREET ROCHESTER NY 146052722 161486700 RENTAL/PROPERTY MANAGEMENT OF LOW-INCOME HOUSING FOR DEVELOPMENTALLY DISABLE NY 501(C)(3) LINE 7 IBERO-AMERICAN DEVELOPMENT CORPORATION 0 EL CAMINO HOUSING DEVELOPMENT FUND COMPANY INC 954 CLIFFORD AVENUE ROCHESTER NY 14621 270683522 NON-EQUITY MEMBER OF EL CAMINO HOUSING LLC NY 501(C)(3) LINE 7 IBERO-AMERICAN DEVELOPMENT CORPORATION 0 EL CAMINO HOUSING II DEVELOPMENT FUND 954 CLIFFORD AVENUE ROCHESTER NY 14621 454698249 NON-EQUITY MEMBER OF EL CAMINO HOUSING II LLC NY 501(C)(3) LINE 7 IBERO-AMERICAN DEVELOPMENT CORPORATION 0 CENTRO CIVICO INC 143-145 EAST MAIN STREET AMSTERDAM NY 12010 222877236 TO FOSTER GROWTH AND DEVELOPMENT, PRIMARILY NY 501(C)(3) LINE 7 IBERO-AMERICAN ACTION LEAGUE INC 0 EL CAMINO HOUSING LLC 954 CLIFFORD AVENUE ROCHESTER NY 14621 270696372 LOW INCOME HOUSING NY CAMINO DEL REY INC C -33 478 0.00010 0 EL CAMINO HOUSING II LLC 954 CLIFFORD AVENUE ROCHESTER NY 14621 364721413 LOW INCOME HOUSING NY CAMINO DEL REY II INC C -22 494 0.00010 0 CAMINO DEL REY INC 954 CLIFFORD AVENUE ROCHESTER NY 14621 270695396 LOW INCOME HOUSING NY IBERO-AMERICAN DEVELOPMENT CORPORATION C -33 478 1.00000 0 CAMINO DEL REY II INC 954 CLIFFORD AVENUE ROCHESTER NY 14621 454211167 LOW INCOME HOUSING NY IBERO-AMERICAN DEVELOPMENT CORPORATION C -22 494 1.00000 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 1 1 0 0 0