2024-07-11T10:37:15-07:00 2023-09-30 660623142 FERNANDEZ VALDIVIA & COMPANY PSC PO BOX 10083 SAN JUAN PR 009220083 990 2022-10-01 660706107 RYDER HOME FOR THE ELDERLY INC RYDE 7878520768 PO BOX 859 HUMACAO PR 009720859 JOSE R FELICIANO EXECUTIVE DIRECTOR 7878520768 2024-07-11 1 JOSE R FELICIANO 999009999 1 Juan Luis Fernandez P01453037 7872965693 2024-07-11 1 11 0 AAL2 2022 2023-04-26 12:10:37Z JOSE R FELICIANO PO BOX 859 HUMACAO PR 00972 1017914 0 X X 2007 PR TO PROVIDE RENT HOUSING TO ELDERLY INDIVIDUALS. THE PROJECT HAS 96 APARTMENT UNITS. 13 13 7 0 0 0 554928 544856 231429 255545 187 1442 103 216071 786647 1017914 0 0 0 0 146519 169246 0 0 0 518799 613390 665318 782636 121329 235278 1091284 1504583 173732 366586 917552 1137997 RYDER HOME ELDERLY, INC WAS ORGANIZED AS A NON PROFIT ORGANIZATION. THE PROJECT IS A 96 UNIT APARTMENT FACILITY FOR ELDERLY PERSONS LOCATED IN HUMACAO, PUERTO RICO. IT IS OPERATED UNDER SECTION 811 OF THE NATIONAL HOUSING ACT OF 1990 AND REGULATED BY THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS. DURING THE YEAR THE AVERAGE PERCENTAGE OF OCCUPANCY WAS 98%. 0 0 654974 0 255545 The Project is a 96 unit apartment facility for elderly persons located in Humacao, Puerto Rico. It is operated under Section 811 of the National Housing Act 1990 and regulated by the US Department of Housing and Urban Development (HUD) with respect to rental charges and operating methods. During the year the average percentage of occupancy was 96%. 0 0 0 654974 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 7 1 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 0 0 1 1 0 PR X RYDER MEMORIAL HOSPITAL INC 7878520768 PO BOX 859 HUMACAO PR 007920859 ELBA SANTANA DIRECTOR 2 X 0 0 0 MIRIAM ALICEA DIRECTOR 2 X 0 0 0 CARMEN S ALBINO DIRECTOR 2 X 0 0 0 CARLOS LOPEZ DIRECTOR 2 X 0 0 0 Jesus Jusino DIRECTOR 2 X 0 0 0 ELDA E ROSARIO DIRECTOR 2 X 0 0 0 JESUS M REINA DIRECTOR 2 X 0 0 0 ADELIA IZCHEL ACEVEDO DIRECTOR 2 X 0 0 0 BENJAMIN BERRIOS DIRECTOR 2 X 0 0 0 ESTHER ALEMAN SECRETARY 4 X 0 0 0 PEDRO DIAZ TREASURER 4 X 0 0 0 CARMEN SARA GARCIA VICE PRESIDENT 4 X 0 0 0 JUAN M MENDEZ PRESIDENT 4 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 544856 0 0 544856 RENT 531110 255545 255545 0 0 0 0 0 0 255545 1442 0 0 1442 0 0 0 0 0 0 0 0 0 0 0 0 0 OTHER REVENUES 623990 216071 216071 0 0 0 0 0 0 216071 1017914 471616 0 1442 144482 61748 82734 7324 7324 17440 17440 55320 55320 24634 24634 75850 75850 311 311 7456 7456 126575 126575 102515 102515 18903 18903 Maintenance Contracts 189010 189010 0 0 OTHER EXPENSES 12816 289 12527 0 782636 654974 127662 0 128466 218999 124111 225513 6726 6118 4650 4587 4135501 3086135 827331 1049366 1091284 1504583 153848 344073 19884 22513 173732 366586 X 917552 1137997 0 0 917552 1137997 1091284 1504583 X 235278 0 0 0 -14833 0 X 0 1 X 0 1 1 X 513685 492983 505520 554928 544856 2611972 0 0 0 0 0 0 0 0 0 0 0 0 513685 492983 505520 554928 544856 2611972 2611972 0 0 0 0 0 0 127 177 124 187 1442 2057 0 0 0 0 0 0 2614029 0.99921 0.99970 X 0 33620 33620 0 3457661 3086135 371526 0 0 0 0 0 644220 0 644220 0 0 0 0 1049366 0 TENANT DEPOSITS 22513 22513 1017914 0 0 0 0 0 1017914 0 0 0 1017914 782636 0 0 0 0 0 782636 0 0 0 782636 Form 990, Part VI, Section A, Line 6 BOARD OF DIRECTORS Form 990, Part VI, Section A, Line 7a MEMBERSHIP IN THE BOARD OF DIRECTORS SHALL BE LIMITED TO INDIVIDUALS WHO ARE EITHER MEMBERS OF THE BOARD OF DIRECTORS OF RYDER MEMORIAL HOSPITAL INC OR NON-MEMBERS WHO HAVE THE APPROVAL OF SAID SPONSORING ORGANIZATION. THE BOARD OF DIRECTORS SHALL CONSIST OF TWELVE (12) PEOPLE WHO QUALIFY AS PREVIOUSLY MENTIONED AND WHO SHALL BE ELECTED AS SUCH BY THE INCORPORATORS WHO EXECUTED AND FILED THE CHARTER. AT THE FIRST ANNUAL MEETING OF THE MEMBERS AND AT EACH ANNUAL MEETING THEREAFTER MEMBERS SHALL ELECT DIRECTORS TO HOLD OFFICE UNTIL THEIR TERM EXPIRES OR UNTIL THEIR SUCCESSORS ARE ELECTED AND QUALIFIED. IN ORDER TO AVOID THAT ALL MEMBERS OF THE BOARD CONCLUDED THEIR TERMS AT THE SAME TIME, THEY ARE SEGREGATED IN 3 GROUPS, WHOSE TERM WILL BE 3 YEARS AND THEIR TERMS WILL BE IN DIFFERENT PERIODS. ALL MEMBERS HAVE A TERM OF 3 YEARS AS DIRECTORS, EXCEPT FOR FILLING A VACANCY, IN WHICH SUCH TERM WILL COVER THE REMAINING TIME OF THE REPLACED MEMBER. Form 990, Part VI, Section A, Line 7b INCREASE THE NUMBER OF MEMBERS OF THE BOD 2- AMEND BY LAWS OF THE CORPORATION 3- APPROVE ANY PLAN FOR DISSOLUTION, MERGER OR DISPOSITION OF THE ASSETS OF THE CORPORATION 4- APPROVE THE SELECTION OF THE INDEPENDENT AUDITORS OF THE CORPORATION. Form 990, Part VI, Section B, Line 11b THE REVIEW PROCESS OF FORM 990 IS UNDER THE RESPONSIBILITY OF THE BOARD OF DIRECTORS EXECUTIVE COMMITTEE OF RYDER HOME FOR THE ELDERLY INC. SUCH COMMITTEE AT THE SAME TIME DELEGATES THIS TASK TO THE EXECUTIVE DIRECTOR, WHO PERFORM THE REVIEW OF THE 990 FORM AND IS AUTHORIZED TO PROVIDE THE RELEASE FOR THE FINAL ISSUANCE AND FILING OF THE FORM. Form 990, Part VI, Section B, Line 12c THE PROPER GOVERNANCE OF RYDER HOME FOR THE ELDERLY INC IS EXERCISED BY MEMBERS WHO GIVE THEIR TIME FOR THE BENEFIR OF THE COMMUNITY SERVED BY THIS CORPORATION. BECAUSE THE VARIED INTEREST AND BACKGROUND OF THE GOVERNING BOARD MEMBERS, MAY RESUT IN SITUATIONS INVOLVING A DUAL INTEREST THAT MIGHT APPEAR AS CONFLICT OF INTEREST; AND SERVICES SHOULD NOT BE RENDERED SOLELY BY REASON OF DUALITY OF INTEREST OR POSSIBLE CONFLICT OF INTEREST; AND SERVICE CARRIES A REQUIREMENT OF LOYALTY AND FIDELITY TO THE CORPORATION KNOWN AS RYDER FOME FOR THE ELDERLY, INC. IT IS RESPONSIBILITY OF THE BOARD MEMBERS TO GOVERN THE INSTITUTION'S AND THE COMMUNITY S INTEREST WITH HONESTY, EXERCISING THEIR BEST CARE, SKILL AND JUDGEMENT FOR THE BENEFIT OF THE INSTITUTION AND IT MEMBERS; AND THE MATTER OF ANY DUALITY OF INTEREST OR POSSIBLE CONFLICT OF INTEREST CAN BEST BE HANDLED THROUGH FULL DISCLOSURE OF ANY SUCH INTEREST, TOGETHER WITH ABSTENTION IN ANY VOTE WHERE THEIR INTEREST IS INVOLVED. THE FOLLOWING POLICY OF INTEREST OF THE PART OF ANY GOVERNING BOARD MEMBER SHOULD BE DISCLOSED TO THE OTHER BOARD MEMBERS AND MADE A MATTER OF RECORD EITHER THROUGH AN ANNUAL PROCEDURE OR WHEN THE INTEREST BECOME A MATTER OF BOARD ACTION. 2- ANY BOARD MEMBER HAVING DUALITY OR POSSIBLE CONFLICT OF INTEREST ON ANY MATTER SHOULD NOT VOTE OR USE HIS PERSONAL INFLUENCE ON THE MATTER AND HE OR SHE SHOULD NOT BE COUNTED IN DETERMINE THE QUORUM SITUATION 3- THE ABOVE MENTIONED REQUIREMENTS SHOULD NOT BE CONSTRUED AS PREVENTING THE BOARD MEMBERS FROM STATING HIS POSITION IN THE MATTER, NOR ANSWEING PERTINENT QUESTIONS IN SUCH MATTER. THAT THIS POLICY BE REVISED ANNUALLY FOR THE INFORMATION AND GUIDANCE OF THE BOARD MEMBERS, AND THAT ANY NEW MEMBER BE ADVISED OF THE POLICY UPON ENTERING ON THE DUTIES OF HIS OFFICE. Form 990, Part VI, Section B, Line 15 THE PROCESS TO DETERMINE THE OFFICER'S COMPENSATION IS BASED ON: 1- JOB DESCRIPTION 2-MINIMUM QUALIFICATIONS FOR THE POSITION 3- EXPERIENCE 4- EDUCATION. THE ORGANIZATION ALSO PERFORMS BENCH-MARKING OF THE INDUSTRY AND THE MARKET IN GENERAL TO SEE AND OFFER COMETITIVE SALARIES. THE ORGANIZATION REVIEWS ANNUALLY THE SALARIES GRANTED TO EMPLOYEES AND INCREASES ARE APPROVED DEPENDING ON THE FINANCIAL POSITION OF THE ORGANIZATION. RAISES MUST BE APPROVED BY THE BOD. THE ORGANIZATION ALSO COMPLIES WITH MANDATORY DECREES BY THE GOVERNMENT. Form 990, Part VI, Section C, Line 19 THE POLICY OF CONFLICTS OF INTEREST IS AVAILABLE TO THE ORGANIZATION'S BOARD OF DIRECTORS, TOP MANAGEMENT AND EMPLOYEES IN ORDER THAT ALL BE AWARE OF SUCH IN THE PERFORMANCE OF THEIR FUNCTIONS. IN CASE OF THE FINANCIAL STATEMENTS THESE ARE MADE AVAILABLE TO ERTAIN PARTIES IN ADDITION TO THE ORGANIZATION'S MANAGEMENT, SUCH AS THE FEDERAL GOVERNMENT. Form 990, Part XI, Line 8 A prior year adjustment was included in this tax return. An adjustment was made during the audit process regarding the last fiscal year. RYDER HOSPITAL MEMORIAL INC PO BOX 859 HUMACAO PR 007920859 HOSPITAL PR 501(c)3 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 RYDER HOSPITAL MEMORIAL INC o 55320 COST. An extension was filed and approved.