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Nonprofit · EIN 13-2868189

PACO HOUSING CORPORATION I

Tax-exempt · JERSEY CITY, NJ 07302

Financials

$1M$02022−$230K$02023$5.5M$5.8M2024
Revenue Expenses · by fiscal year end
Financials of PACO HOUSING CORPORATION I by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
September 30, 2025990$5,469,455$5,772,150-$302,695$14,497,637$915,309$13,582,328
September 30, 2024990-$230,477$0-$230,477$15,475,415$1,738,430$13,736,985
September 30, 2023990$1,035,807$0$1,035,807$15,526,807$1,336,925$14,189,882
Financial details: 990 for the year ended September 30, 2025

Revenue

Contributions, gifts and grants
$2,353,702
of which government grants
$2,353,702
Program service revenue
$2,854,871
Investment income
$167,997
Net rental income
$72,478
Other revenue
$92,885

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$832,236
Salaries, compensation and benefits (total)
$1,100,283
Professional fundraising fees
$0
Legal fees
$150,280
Accounting fees
$50,748
Occupancy
$916,861
Depreciation
$438,384
Program services (functional)
$4,963,258
Management and general (functional)
$808,892

Balance sheet and other

Total assets, start of year
$15,475,415
Total assets, end of year
$14,497,637
Total liabilities, end of year
$915,309
Net assets, end of year
$13,582,328
Land, buildings and equipment
$7,335,102
Publicly traded securities
$1,584,018
Net assets without donor restrictions
$13,582,328
Gross receipts
$5,469,455
Employees
18
Volunteers
5
Year formed
1974
State of legal domicile
NJ

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended September 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
NARCISO MOQUETECHAIRMAN
Trustee or director, Officer
0.5$0
FRANK MOLINAVICE CHAIRMAN
Trustee or director, Officer
0.5$0
CESAR SARMIENTOTREASURER
Trustee or director, Officer
0.5$0
SONIA ARAUJOBOARD MEMBER
Trustee or director
0.5$0
VISHNU KHEMRAJBOARD MEMBER
Trustee or director
0.5$0
990 for the year ended September 30, 2024: 5 people
NameTitleHours / weekCompensation
CESAR SARMIENTOTREASURER
Officer
0$0
VISHNU KHEMRAJTRUSTEE
Officer
0$0
SONIA ARAUJOSECRETARY
Officer
0$0
NARCISO MOQUETECHAIRMAN
Officer
0$0
FRANK MOLINAVICE CHAIRMAN
Officer
0$0
990 for the year ended September 30, 2023: 8 people
NameTitleHours / weekCompensation
PAUL BELLA-BOYERBOARD MEMBER
Officer
0$0
LILLIAN DIAZSECRETARY
Officer
0$0
GARY BAKIRTJYVICE CHAIRMAN
Officer
0$0
PASTOR HANS ARNESENBOARD MEMBER
Officer
0$0
FRANK MOLINATREASURER
Officer
0$0
NARCISO MOQUETECHAIRMAN
Officer
0$0
VIDAL LEDDABOARD MEMBER
Officer
0$0
ISREAL NIEVESBOARD MEMBER
Officer
0$0

Address and contacts

Address (IRS master file)
192 3RD ST, JERSEY CITY, NJ 07302-2514
Principal officer (990 for 2024)
SONIA ARAUJO, 192 THIRD STREET, JERSEY CITY, NJ 07302
Signed the 990
SONIA ARAUJO, CHAIRPERSON
Phone
(201) 656-4111
Return prepared by
MERCADIEN PC

Mission

TO PROVIDE, OPERATE, AND PRESERVE AFFORDABLE HOUSING FOR LOW- AND MODERATE-INCOME INDIVIDUALS AND FAMILIES THROUGH FEDERALLY ASSISTED HOUSING PROGRAMS IN JERSEY CITY, NEW JERSEY.

990 for the year ended September 30, 2025

Program accomplishments

  • PACO HOUSING CORPORATION I OWNS AND OPERATES VILLA BORINQUEN, A 242-UNIT AFFORDABLE HOUSING COMMUNITY LOCATED IN JERSEY CITY, NEW JERSEY. THE ORGANIZATION PROVIDES SAFE AND AFFORDABLE HOUSING FOR LOW- AND MODERATE-INCOME INDIVIDUALS AND FAMILIES THROUGH FEDERALLY ASSISTED HOUSING PROGRAMS, IINCLUDING SECTION 8 RENTAL ASSISTANCE.
    Expenses $4,963,258 · revenue $2,947,756

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025September 30, 2026February 16, 2027Not due yet
2024September 30, 2025February 17, 2026990 on file
2023September 30, 2024February 18, 2025990 on file

IRS record

EIN
13-2868189
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1977
Accounting year ends
September
Files
Form 990 or 990-EZ
Assets (IRS master file)
$14,497,637
Income (IRS master file)
$5,469,455

Filing history

FormYear endedRevenueExpensesAssetsReturn
990September 2025$5,469,455$5,772,150$14,497,637XML
990September 2024-$230,477$0$15,475,415XML
990September 2023$1,035,807$0$15,526,807XML
990September 2022$961,805$0$15,134,946IRS
990September 2021–––IRS
990September 2020–––IRS
990September 2019–––IRS
990September 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-2868189).

Questions about PACO HOUSING CORPORATION I

What is the EIN of PACO HOUSING CORPORATION I?
The employer identification number (EIN) of PACO HOUSING CORPORATION I is 13-2868189.
Is PACO HOUSING CORPORATION I tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1977.
Are donations to PACO HOUSING CORPORATION I tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PACO HOUSING CORPORATION I file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of PACO HOUSING CORPORATION I due?
The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did PACO HOUSING CORPORATION I last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended September 2025.
Who is the principal officer of PACO HOUSING CORPORATION I?
The 990 for the year ended September 30, 2025 names SONIA ARAUJO.
Who are the officers and directors of PACO HOUSING CORPORATION I?
The 990 for the year ended September 30, 2025 lists 5 people; 0 received compensation from the organization.
How much revenue does PACO HOUSING CORPORATION I have?
On its 990 for the year ended September 30, 2025 it reported revenue of $5,469,455, expenses of $5,772,150 and total assets of $14,497,637 at year end.

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