2024-11-14T09:11:39-05:00 2023-12-31 660703468 GALINDEZ LLC PO BOX 364152 SAN JUAN PR 009364152 990 2023-01-01 660519280 PRO VIVIENDAS III INC PROV 7877598018 PO BOX 10563 SAN JUAN PR 00922 PRODUCIR INC LISSETTE VELEZ CEO ASSET MANAGER 7876256974 2024-11-15 true false VALERIE BEAUCHAMP P03006330 7877254545 2024-11-14 2023 2024-10-15 13:58:12Z CARMEN MELERO 15 CALLE TAFT APT 602 SAN JUAN PR 00911 1173772 false X X 1995 PR TO PROVIDE AND PRESERVE AFFORDABLE RENTAL HOUSING FOR MODERATE AND LOW INCOME FAMILIES. 6 0 0 9 0 151417 151417 893181 931391 4133 7874 85742 83090 1134473 1173772 0 0 60258 58560 0 0 1108320 1158469 1168578 1217029 -34105 -43257 4348914 4123465 628090 445898 3720824 3677567 TO PROVIDE AND PRESERVE AFFORDABLE RENTAL HOUSING FOR MODERATE AND LOW INCOME FAMILIES. false false 860015 931391 AT YEAR END THERE WAS A 98% OCCUPANCY RATE. ALSO, THE SOCIAL SERVICES OFFICE AT THE PROJECT HANDLED SEVERAL EDUCATIONAL, SOCIAL, HEALTH AND RECREATIONAL ACTIVITIES. 860015 true false false false false false false false false false true false false true true false true false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false true 0 0 0 false false false false false false false false false false false false false false X 6 0 false true false false true true true true true false false false true false true false false false false false X BLANCO ENTERPRISES INC 7877598018 MONTE ATENAS OFFICE PARK ST 209 SAN JUAN PR 00926 PRODUCIR INC LISSETTE VELEZ CEO ASSET MA 40.00 0.00 X 30000 0 0 FRANK RAMREZ ANGLADA TREASURER/SE X 0 0 0 EDGAR GZMAN MEMBER X 0 0 0 CARMEN MELERO MEMBER X 0 0 0 BLANCO ENTERPRISES - ENRIQUE NODARS MANAGING AGE X 0 0 0 JOS A RIVERA URRUTIA MEMBER X 0 0 0 30000 false false false 151417 151417 TENANT ASSISTANCE PAYMENTS 531110 830640 830640 RENT REVENUE - NET 531110 100751 100751 931391 7874 7874 STORES AND COMMERCIAL 519100 63041 63041 LAUNDRY AND VENDING 812300 11417 11417 TENANT CHARGES 531110 4980 4980 3652 3652 83090 1173772 931391 90964 30000 30000 11963 11963 16597 16597 72448 72448 478 478 32746 32746 20315 20315 331256 331256 83120 83120 UTILITIES 176452 176452 CONTRACTED SERVICES 168545 106587 61958 OPERATING AND MAINTENANCE 143682 143682 SECURITY 101777 101777 27650 261 27389 1217029 860015 357014 0 26167 78796 1097883 792329 8454 1637 27610 47577 8647506 6195814 2477494 2451692 711306 751434 4348914 4123465 124632 91852 485795 334378 17663 19668 628090 445898 X 3720824 3677567 3720824 3677567 4348914 4123465 -43257 X false true X false false X 151417 151417 151417 151417 151417 757085 991275 885548 865153 893181 931391 4566548 105267 88096 83932 85742 83090 446127 1247959 1125061 1100502 1130340 1165898 5769760 5769760 6859 7552 6168 4133 7874 32586 6859 7552 6168 4133 7874 32586 1254818 1132613 1106670 1134473 1173772 5802346 0.99440 0.99500 0.01000 0.00000 X 529020 529020 7784436 6015384 1769052 262380 180430 81950 71670 71670 2451692 DUE FROM RELATED PARTIES 700000 MISCELLANEOUS OTHER ASSETS 37475 ACCOUNTS RECEIVABLE - HUD 7076 ACCOUNTS & NOTES RECIEVABLE - OPERAT 6883 751434 TENANT DEPOSITS 17812 PREPAID REVENUE 1856 19668 1173772 1173772 1173772 1217029 1217029 1217029 FORM 990, PAGE 6, PART VI, LINE 3 PRO VIVIENDAS III, INC. ENTERED INTO AN AGREEMENT WITH AN AGENT FOR THE MANAGEMENT AND ADMINISTRATION OF THE PROJECT. THE AGREEMENT ALSO PROVIDES FOR OTHER SERVICES SUCH AS ACCOUNTING AND RENTAL. HUD ALSO APPROVED AN OVERSIGHT MANAGEMENT FEE TO PRODUCIR, INC. FORM 990, PAGE 6, PART VI, LINE 6 PRODUCIR, INC. IS THE SOLE MEMBER OF THE ORGANIZATION. FORM 990, PAGE 6, PART VI, LINE 7A THE ORGANIZATION HAS A SOLE MEMBER, PRODUCIR, INC., WITH THE SOLE POWER TO APPOINT AND REMOVE THE DIRECTORS OF THE ENTITY, WHICH RIGHT MAY NOT BE ALTERED, AMENDED, OR ELIMINATED WITHOUT THE APPROVAL OF THE BOARD OF DIRECTORS OF PRODUCIR, INC. THE BOARD OF DIRECTORS OF PRO VIVIENDAS III, INC. IS THE GOVERNING BODY OF THE ENTITY AND MAKES ALL DECISIONS BY MAJORITY, EXCEPT FOR THE APPOINTMENT AND REMOVAL OF DIRECTORS AND ANY CHANGE TO THE PROCEDURE BY WHICH THE BOARD OF DIRECTORS TAKES ACTION WITHOUT A MEETING. FORM 990, PAGE 6, PART VI, LINE 7B SEE RESPONSE FOR LINE 7A. FORM 990, PAGE 6, PART VI, LINE 11B THE FEDERAL TAX RETURN (FORM 990) OF PRO VIVIENDAS III, INC. IS PREPARED BY A CONTRACTED EXTERNAL CERTIFIED PUBLIC ACCOUNTANT. THE RETURN IS PROVIDED TO THE TAX DEPARTMENT OF THE MANAGEMENT AGENT FOR ITS REVIEW. ONCE APPROVED, THE RETURN IS PROVIDED TO A HIGH RANKING OFFICER OF THE ENTITY (USUALLY THE PRESIDENT) FOR SIGNATURE. FORM 990, PAGE 6, PART VI, LINE 12C OFFICERS AND DIRECTORS ARE REQUIRED TO ATTEND SEMINARS, USUALLY ON A YEARLY BASIS, TO REFRESH AND REINFORCE THEIR UNDERSTANDING OF THE DUTIES AND RESPONSIBILITIES AS OFFICERS AND DIRECTORS OF THE ENTITY. THESE SEMINARS INCLUDE THE DISCUSSION OF THE ORGANIZATION'S POLICY AND RULES REGARDING CONFLICTS OF INTEREST AND THE IMPORTANCE TO FOLLOW SUCH RULES AT ALL TIMES. FORM 990, PAGE 6, PART VI, LINE 19 THE GOVERNING DOCUMENTS OF THE ORGANIZATION, ITS CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE ALL MADE AVAILABLE TO THE PUBLIC UPON REQUEST. THEY CAN BE REQUESTED AT ANY TIME TO THE ENTITY'S REPRESENTATIVES, INCLUDING AN AUTHORIZED REPRESENTATIVE OF THE ENTITY'S MEMBER, ANY MEMBER OF THE BOARD OF DIRECTORS AND/OR OFFICERS, AND ANY AUTHORIZED REPRESENTATIVE OF THE MANAGEMENT AGENT. PRO VIVIENDAS I INC - 66-0519278 PO BOX 10563 SAN JUAN PR 00922 HOUSING PR 501C 10 NA false PRO VIVIENDAS II INC - 66-0519279 PO BOX 10563 SAN JUAN PR 00922 HOUSING PR 501C 10 NA false PRO VIVIENDAS IV INC - 66-0519281 PO BOX 10563 SAN JUAN PR 00922 HOUSING PR 501C 10 NA false PRODUCIR INC - 66-0428651 PO BOX 35000 CANOVANAS PR 00729 COMM. DEV. PR 501C 10 NA false false false false false false false false false false false false false true false false false false false false