Nonprofit · EIN 66-0428651
PRODUCIR INC UNA CORP DE DESARROLLO COMUNAL Y ECON PARA CUBUY Y LOMAS
Tax-exempt · CANOVANAS, PR 00729
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $283,505 | $354,974 | -$71,469 | $1,170,684 | $139,405 | $1,031,279 |
| December 31, 2023 | 990 | $626,579 | $415,319 | $211,260 | $1,186,728 | $85,180 | $1,101,548 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $42,647
- of which government grants
- $33,228
- Program service revenue
- $228,229
- Investment income
- $9,693
- Other revenue
- $2,936
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $49,445
- Salaries, compensation and benefits (total)
- $148,041
- Professional fundraising fees
- $0
- Accounting fees
- $4,000
- Occupancy
- $44,945
- Depreciation
- $31,855
- Program services (functional)
- $319,982
- Management and general (functional)
- $34,992
Balance sheet and other
- Total assets, start of year
- $1,186,728
- Total assets, end of year
- $1,170,684
- Total liabilities, end of year
- $139,405
- Net assets, end of year
- $1,031,279
- Land, buildings and equipment
- $620,151
- Publicly traded securities
- $250,000
- Net assets without donor restrictions
- $558,173
- Net assets with donor restrictions
- $473,106
- Gross receipts
- $283,505
- Employees
- 7
- Volunteers
- 16
- Year formed
- 1986
- State of legal domicile
- PR
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Lissette M Velez | CEO Trustee or director, Officer | 24 | $49,445 | $5,000 |
| DORIS ACEVEDO | INTERIM PRESIDENT Trustee or director, Officer | 15 | $0 | $0 |
| Zulma Colon | Secretary Trustee or director, Officer | 5 | $0 | $0 |
| Evelyn Moreno | Treasurer Trustee or director, Officer | 12 | $0 | $0 |
| SERGIA LOPEZ | MEMBER Trustee or director, Officer | 8 | $0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Lissette M Velez | CEO Trustee or director, Officer | 24 | $49,445 | $5,000 |
| Vicente Pasqualetto | Member Trustee or director | 1 | $0 | $0 |
| Zulma Colon | Secretary Trustee or director, Officer | 5 | $0 | $0 |
| Jose Rivera Urrutia | President Trustee or director, Officer | 4 | $0 | $0 |
| Myrna E Torres | Tresurer Trustee or director, Officer | 2 | $0 | $0 |
| Evelyn Moreno | Sub Treasurer Trustee or director, Officer | 12 | $0 | $0 |
| Enid Martinez | Member Trustee or director | 7 | $0 | $0 |
| Doris Acevedo | Vice President Trustee or director, Officer | 15 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 35000, CANOVANAS, PR 00729-0014
- Principal officer (990 for 2024)
- LISSETTE M VELEZ OCASIO, PO BOX 35000, CANOVANAS, PR 00729
- Signed the 990
- Lissette Velez, CEO
- Phone
- (787) 294-1016
- Website
- www.producirpr.org
Mission
Produce to improve self image of the Puertorican, reduce their goverment dependance and promote a model of community economic development to bring economic prosperity to the families served by PRODUCIR.
Program accomplishments
- MANAGEMENT OF SUCH LOW INCOME HOUSING TO PROMOTE AND MAINTAINED PHYSICAL INFRASTRUCTURE SYSTEM TO CREATE A GOOD QUALITY LEVEL OF LIVE FOR LOW & MODERATE INCOME FAMILY.Expenses $108,791 · revenue $186,000
- TO FOMENT THE ACQUISITION OF KNOWLEDGE OF SCIENCE AND APPROPRIATATE TECHNOLOGY THAT WOULD STIMULATE THE ECONOMIC DEVELOPMENT OF RURAL AREA.Expenses $158,384 · grants $15,478 · revenue $44,619
- TO DEVELOPE ACTIVITIES THAT FOMENT ECONOMIC GROWTH THROUGH CULTURE, EDUCATION, SECURITY, DISCIPLINE, HEALTH AND DESIRABLE COSTUME OF THE COMPANY.Expenses $52,807 · revenue $26,774
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 66-0428651
- 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
- 1988
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S200)
- Assets (IRS master file)
- $1,170,684
- Income (IRS master file)
- $283,505
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $283,505 | $354,974 | $1,170,684 | XML |
| 990 | December 2023 | $626,579 | $415,319 | $1,186,728 | XML |
| 990 | December 2022 | $379,504 | $356,599 | $938,298 | IRS |
| 990 | December 2021 | $322,101 | $377,392 | $928,373 | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 66-0428651).
Questions about PRODUCIR INC UNA CORP DE DESARROLLO COMUNAL Y ECON PARA CUBUY Y LOMAS
- What is the EIN of PRODUCIR INC UNA CORP DE DESARROLLO COMUNAL Y ECON PARA CUBUY Y LOMAS?
- The employer identification number (EIN) of PRODUCIR INC UNA CORP DE DESARROLLO COMUNAL Y ECON PARA CUBUY Y LOMAS is 66-0428651.
- Is PRODUCIR INC UNA CORP DE DESARROLLO COMUNAL Y ECON PARA CUBUY Y LOMAS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
- Are donations to PRODUCIR INC UNA CORP DE DESARROLLO COMUNAL Y ECON PARA CUBUY Y LOMAS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PRODUCIR INC UNA CORP DE DESARROLLO COMUNAL Y ECON PARA CUBUY Y LOMAS 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 PRODUCIR INC UNA CORP DE DESARROLLO COMUNAL Y ECON PARA CUBUY Y LOMAS due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PRODUCIR INC UNA CORP DE DESARROLLO COMUNAL Y ECON PARA CUBUY Y LOMAS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PRODUCIR INC UNA CORP DE DESARROLLO COMUNAL Y ECON PARA CUBUY Y LOMAS?
- The 990 for the year ended December 31, 2024 names LISSETTE M VELEZ OCASIO.
- Who are the officers and directors of PRODUCIR INC UNA CORP DE DESARROLLO COMUNAL Y ECON PARA CUBUY Y LOMAS?
- The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $49,445 (Lissette M Velez, CEO).
- How much revenue does PRODUCIR INC UNA CORP DE DESARROLLO COMUNAL Y ECON PARA CUBUY Y LOMAS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $283,505, expenses of $354,974 and total assets of $1,170,684 at year end.
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All nonprofits in CANOVANAS · Puerto Rico · Community improvement and capacity building