2025-06-24T18:34:47-04:00 2024-12-31 660703468 GALINDEZ LLC PO BOX 364152 SAN JUAN PR 009364152 990 2024-01-01 660519278 PRO VIVIENDAS I INC PROV 7877598018 PO BOX 10563 SAN JUAN PR 009220563 PRODUCIR INC LISSETTE VELEZ CEO, ASSET MANAGER 7876256974 2025-06-24 true false AXEL RAMIREZ P00965095 7877254545 2025-06-24 2024 2025-03-06 01:10:19Z CARMEN MELERO NUMERO 15 CALLE TAFT APT 602 APT 602 SAN JUAN PR 00911 2271649 false X X 1995 PR TO PROVIDE AND PRESERVE AFFORDABLE RENTAL HOUSING FOR MODERATE AND LOW INCOME FAMILIES. 5 0 0 9 0 416220 416220 1516994 1642171 9372 8092 131580 205166 2074166 2271649 0 0 78556 75318 0 0 2179564 2408982 2258120 2484300 -183954 -212651 9127465 8542393 4414568 4042147 4712897 4500246 TO PROVIDE AND PRESERVE AFFORDABLE RENTAL HOUSING FOR MODERATE AND LOW INCOME FAMILIES. false false 1587990 1654616 AT YEAR END THERE WAS AN 96% OCCUPANCY RATE, WHICH MEANS THAT 266 FAMILIES WERE PROVIDED HOUSING. ALSO, THE SOCIAL SERVICES OFFICE AT THE PROJECT HANDLED SEVERAL EDUCATIONAL, SOCIAL, HEALTH AND RECREATIONAL ACTIVITIES 1587990 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 SUITE 209 SUITE 209 CARR 199 KM 157 SAN JUAN PR 00926 CARMEN MELERO PRESIDENT X 0 0 0 EDGAR GUZMAN MEMBER X 0 0 0 JOSE RIVERA URRUTIA MEMBER X 0 0 0 BLANCO ENTERPRISES INC ENRIQUE NODA MANAGING AGE X 0 0 0 PRODUCIR INC LISSETTE VELEZ CEO, ASSET M 10.00 X 30000 0 0 KATIRIA RESTO MEMBER X 0 0 0 FRANK RAMIREZ ANGLADA SECRETARY/TR X 0 0 0 30000 false false false BLANCO ENTERPRISES INC PO BOX 10563 SAN JUAN PR 00922 ACCOUNTING/MGMT 177763 CAPITOL SECURITY 703 CALLE VICTOR LOPEZ SAN JUAN PR 00908 SECURITY SERVIC 145514 2 416220 416220 RENT PAID BY TENANTS 531110 897245 897245 TENANT ASSISTANCE PAYMENTS 531110 744926 744926 1642171 8092 8092 MISCELLANEOUS REVENUE 900099 106896 106896 STORES AND COMMERCIAL 812300 51600 51600 LAUNDRY FACILITIES 531110 34225 34225 12445 12445 205166 2271649 1654616 200813 30000 30000 17816 17816 27502 27502 163972 163972 7856 7856 54048 54048 28943 28943 178591 178591 704049 704049 238693 238693 UTILITIES 333301 333301 CONTRACTED SERVICES 282092 183745 98347 OPERATING AND MAINTENANCE 221243 221243 SECURITY SERVICES 145652 145652 50542 50542 2484300 1587990 896310 0 39098 28530 1661485 1397054 8504 14586 97125 117870 21236008 14394731 7220787 6841277 100466 143076 9127465 8542393 271499 280665 919128 502908 3223941 3258574 4414568 4042147 X 4712897 4500246 4712897 4500246 9127465 8542393 -212651 X X false true X false false X 416220 416220 416220 416220 416220 2081100 1280808 1224383 1325416 1516994 1642171 6989772 179686 185132 159533 131580 205166 861097 1876714 1825735 1901169 2064794 2263557 9931969 9931969 3169 2703 2301 9372 8092 25637 3169 2703 2301 9372 8092 25637 1879883 1828438 1903470 2074166 2271649 9957606 0.99740 0.99780 0.00000 0.00000 X 1430380 1430380 19391746 14086510 5305236 413882 308221 105661 6841277 LOAN PAYABLE 3126828 TENANT SECURITY DEPOSITS-HELD IN TRU 89619 MISCELLANEOUS CURRENT LIABILITIES 33982 RENT RECEIVED IN ADVANCED 8145 3258574 2271649 2271649 2271649 2484300 2484300 2484300 FORM 990, PAGE 6, PART VI, LINE 3 PRO VIVIENDAS I, 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 I 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 I, 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 THE 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. FORM 990, PART XII FOR 2024, THE SELECTION PROCESS OF THE INDEPENDENT ACCOUNTANT TO AUDIT ITS FINANCIAL STATEMENTS WAS MADE THROUGH AN AUDIT COMMITTEE APPOINTED BY THE ORGANIZATION FOR SUCH PURPOSES. PRO VIVIENDAS II INC - 66-0519279 PO BOX 10563 SAN JUAN PR 00922 HOUSING PR 501C 10 N/A false PRO VIVIENDAS III INC 66-0519280 PO BOX 10563 SAN JUAN PR 00922 HOUSING PR 501C 10 N/A false PRO VIVIENDAS IV INC 66-0519281 PO BOX 10563 SAN JUAN PR 00922 HOUSING PR 501C 10 N/A 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 PRODUCIR INC M 30000 CONTRACT