2024-11-14T10:52:46-05:00 2023-12-31 660703468 GALINDEZ LLC PO BOX 364152 SAN JUAN PR 009364152 990 2023-01-01 660519281 PRO VIVIENDAS IV INC PROV 7877598018 PO BOX 10563 SAN JUAN PR 009220563 PRODUCIR INC LISSETTE VELEZ CEO ASSET MANAGER 7876256974 2024-11-15 true false AXEL RAMIREZ P00965095 7877254545 2024-11-14 2023 2024-10-15 13:58:12Z JOSE A RIVERA URRUTIA 1717 PONCE DE LEON 706 COND PLAZA INMACULADA II SAN JUAN PR 00909 1935514 false X X 1995 PR TO PROVIDE AND PRESERVE AFFORDABLE RENTAL HOUSING FOR MODERATE AND LOW INCOME FAMILIES. 5 0 0 9 0 363285 363285 1408084 1503266 2855 4590 61650 64373 1835874 1935514 0 0 87121 90712 0 0 1768386 1970246 1855507 2060958 -19633 -125444 7307006 7557860 1383481 1759779 5923525 5798081 TO PROVIDE AND PRESERVE AFFORDABLE RENTAL HOUSING FOR MODERATE AND LOW INCOME FAMILIES. false false 1459042 1503266 AT YEAR END THERE WAS A 71% OCCUPANCY RATE, WHICH MEANS THAT 189 FAMILIES WERE PROVIDED HOUSING. ALSO, THE SOCIAL SERVICES OFFICES AT THE PROJECT HANDLED SEVERAL EDUCATIONAL, SOCIAL, HEALTH AND RECREATIONAL ACTIVITIES. 1459042 true false false false false false false false false false true false false false 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 5 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 X 30000 0 0 FRANK RAMIREZ ANGLADA SECRETARY/TR X 0 0 0 EDGAR GUZMAN MEMBER X 0 0 0 CARMEN MELERO MEMBER X 0 0 0 BLANCO ENTERPRISES ENRIQUE A NODARS MANAGING AGE X 0 0 0 JOSE A RIVERA URRUTIA PRESIDENT X 0 0 0 30000 false false false BLANCO ENTERPRISES PO BOX 10563 SAN JUAN PR 00922 ACCTNG / MGT 168756 AIR MASTER AWNING PO BOX 2097 BARCELONETA PR 00617 CONSTRUCTION 121863 CAPITOL SECURITY 703 CALLE VICTOR LOPEZ EDIFICIO FRANKLIN PLAZA SAN JUAN PR 00908 SECURITY 101595 3 363285 363285 TENANT ASSISTANCE PAYMENTS 531110 1572106 1572106 RENT REVENUE-NET 531110 -68840 -68840 1503266 4590 4590 STORES AND COMMERCIAL 32100 32100 LAUNDRY AND VENDING 900099 26669 26669 TENANT CHARGES 531110 3173 3173 2431 2431 64373 1935514 1503266 68963 30000 30000 32640 32640 28072 28072 130390 130390 478 478 53494 53494 21027 21027 690238 690238 174331 174331 OPERATING & MAINTENANCE 296127 296127 CONTRACTED SERVICES 283722 158779 124943 UTILITIES 175689 175689 SECURITY 131093 131093 13657 7116 6541 2060958 1459042 601916 0 41745 12375 471978 552141 2276 5275 58481 97105 19813522 13026826 6718879 6786696 13647 104268 7307006 7557860 186803 379595 1165541 802256 31137 577928 1383481 1759779 X 5923525 5798081 5923525 5798081 7307006 7557860 -125444 X false true X false false X 363285 363285 363285 363285 363285 1816425 1765614 1613494 1445389 1408084 1503266 7735847 130741 92782 93957 61650 64373 443503 2259640 2069561 1902631 1833019 1930924 9995775 9995775 8344 7875 5592 2855 4590 29256 8344 7875 5592 2855 4590 29256 2267984 2077436 1908223 1835874 1935514 10025031 0.99710 0.99700 0.00000 0.00000 X 2017400 2017400 16895270 12592432 4302838 690853 434394 256459 209999 209999 6786696 LOAN PAYABLE 545575 TENANT DEPOSITS 31419 RENT ADVANCES 934 577928 1935514 1935514 1935514 2060958 2060958 2060958 FORM 990, PAGE 6, PART VI, LINE 3 PRO VIVIENDAS IV, 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 IV, 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 IV, INC. IS PREPARED BY A CONTRACTED 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 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 PO BOX 10563 SAN JUAN PR 00922 660519278 HOUSING PR 501C 10 NA false PRO VIVIENDAS II INC PO BOX 10563 SAN JUAN PR 00922 660519279 HOUSING PR 501C 10 NA false PRO VIVIENDAS III INC PO BOX 10563 SAN JUAN PR 00922 660519280 HOUSING PR 501C 10 NA false PRODUCIR INC PO BOX 35000 CANOVANAS PR 00729 660428651 COMM. DEV. PR 501C 10 N/A false false false false false false false false false false false false false true false false false false false false