2024-11-15T08:58:09-05:00 2023-12-31 660703468 GALINDEZ LLC PO BOX 364152 SAN JUAN PR 009364152 990 2023-01-01 660519279 PRO VIVIENDAS II 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 2024-11-15 2023 2024-10-15 13:58:12Z CARMEN MELERO NUMERO 15 CALLE TAFT APT 602 SAN JUAN PR 00911 1976854 false X X 1995 PR TO PROVIDE AND PRESERVE AFFORDABLE RENTAL HOUSING FOR MODERATE AND LOW INCOME FAMILIES. 5 0 0 9 0 420348 420348 1324698 1335154 3887 13629 194984 207723 1943917 1976854 0 0 70829 82132 0 0 1880368 2125350 1951197 2207482 -7280 -230628 7321913 7015227 3873912 3797854 3448001 3217373 TO PROVIDE AND PRESERVE AFFORDABLE RENTAL HOUSING FOR MODERATE AND LOW INCOME FAMILIES. false false 1603101 1335154 AT YEAR END THERE WAS AN 83% OCCUPANCY RATE, WHICH MEANS THAT 220 FAMILIES WERE PROVIDED HOUSING. ALSO, THE SOCIAL SERVICES OFFICE AT THE PROJECT HANDLED SEVERAL EDUCATIONAL, SOCIAL, HEALTH AND RECREATIONAL ACTIVITIES. 1603101 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 JOSE A RIVERA URRUTIA MEMBER X 0 0 0 CARMEN MELERO PRESIDENT X 0 0 0 FRANK RAMIREZ ANGLADA SECRETARY/TR X 0 0 0 EDGAR GUZMAN MEMBER X 0 0 0 BLANCO ENTERPRISES INC MANAGING AGE X 0 0 0 PRODUCIR INC LISSETTE VELEZ CEO, ASSET M 40.00 X 30000 0 0 30000 false false false BLANCO ENTERPRISES PO BOX 10563 SAN JUAN PR 00922 ACCOUNTING/MGMT 174614 CAPITOL SECURITY 703 CALLE VICTOR LOPEZ EDIFICIO FRANKLIN PLAZA SAN JUAN PR 00908 SECURITY 115769 2 420348 420348 RENT PAID BY TENANTS 531110 704085 704085 TENANT ASSISTANCE PAYMENTS 531110 631069 631069 1335154 13629 13629 MISCELLANEOUS REVENUE 900099 118524 118524 STORES AND COMMERCIAL 812300 59707 59707 LAUNDRY AND VENDING 531110 18692 18692 10800 10800 207723 1976854 1335154 221352 30000 30000 25312 25312 26820 26820 136233 136233 1341 1341 54563 54563 21151 5142 16009 3383 3383 757031 757031 165054 165054 UTILITIES 290086 290086 CONTRACTED SERVICES 286302 187968 98334 OPERATING/MAINTENANCE 228253 228253 SECURITY 130387 130387 51566 4234 47332 2207482 1603101 604381 0 72238 119191 1664769 1581150 8628 7898 58481 88813 20347432 15251050 5299343 5096382 218454 121793 7321913 7015227 283951 371833 1348499 928151 2241462 2497870 3873912 3797854 X 3448001 3217373 3448001 3217373 7321913 7015227 -230628 X false true X false false X 420348 420348 420348 420348 420348 2101740 1269057 1312713 1300054 1324698 1335154 6541676 231080 160547 247386 194984 207723 1041720 1920485 1893608 1967788 1940030 1963225 9685136 9685136 2775 2380 2340 3887 13629 25011 2775 2380 2340 3887 13629 25011 1923260 1895988 1970128 1943917 1976854 9710147 0.99740 0.99850 0.00000 0.00000 X 1419750 1419750 18535079 14962938 3572141 386936 288112 98824 5667 5667 5096382 LONG TERM DEBT 1703592 DUE TO RELATED PARTIES 700000 TENANT SECURITY DEPOSITS 90240 RENT RECEIVED IN ADVANCED 4038 2497870 1976854 1976854 1976854 2207482 2207482 2207482 FORM 990, PAGE 6, PART VI, LINE 3 PRO VIVIENDAS II, 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 II, 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 II, INC. IS PREPARED BY A CONTRACTED CERTIFIED PUBLIC ACCOUNTANT AND REVIEWED BY THE TAX DEPARTMENT OF THE MANAGEMENT AGENT. ONCE THIS PROCEDURE IS COMPLETED, 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 DIRECTOS 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 III INC PO BOX 10563 SAN JUAN PR 00922 660519280 HOUSING PR 501C 10 NA false PRO VIVIENDAS IV INC PO BOX 10563 SAN JUAN PR 00922 660519281 HOUSING PR 501C 10 NA false PRODUCIR INC PO BOX 35000 CANOVANAS PR 00729 660428651 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