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Ibero-American Development Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 161303858 ✦ Rochester, NY ✦ Designated as a 501(c)(3)

Overview

What is Ibero-American Development Corporation?

The Ibero-American Development Corporation, situated in Rochester, New York, is a nonprofit organization with a mission to alleviate hardship for low-to-moderate income individuals and families in the area. They accomplish this by providing housing accommodations and social and recreational facilities, as well as managing real property for various nonprofit entities. In an additional endeavor, the corporation identifies, refurbishes, or constructs homes, collaborating with third parties to market them to eligible buyers in the Rochester region. Their primary focus is on developing and renting facilities to nonprofit organizations, as well as rehabilitating and building affordable housing.


Official website here: www.iadconline.org

Is Ibero-American Development Corporation legitimate?

Ibero-American Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ibero-American Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.iadconline.org

What is the mission statement of Ibero-American Development Corporation?

The Ibero-American Development Corporation was established with a mission to alleviate the hardships and distress of individuals and families of low to moderate income residing in various areas. One of its primary objectives is to provide suitable housing accommodations and social and recreational facilities. Furthermore, the corporation maintains and manages real estate properties for various non-profit entities. Additionally, it identifies, refurbishes, or builds homes and markets them in collaboration with third parties, offering these dwellings to eligible buyers. This organization's overarching goal is to contribute positively to the lives of those in need, providing them with stable living conditions and community resources.


Official website here: www.iadconline.org

Who is the CEO of Ibero-American Development Corporation?

Eugenio Marlin is the Chairman of Ibero-American Development Corporation. The CEO's salary of Ibero-American Development Corporation is $0 and their total compensation is $139,091.


Official website here: www.iadconline.org

What is the revenue of Ibero-American Development Corporation?

Ibero-American Development Corporation's revenue in 2023 was $965,221.


Official website here: www.iadconline.org

Who are the executives of Ibero-American Development Corporation and what are their salaries?

Here are 8 key members and their salaries (Ibero-American Development Corporation's CEO's salary is $0 and their total compensation is $139,091):

    Angelica Perez-Delgado (Pres & Ceo Iaal)
  • Compensation: $0
  • Related: $122,752
  • Other: $16,339

    • Amy Sargent (Cfo Iaal)
  • Compensation: $0
  • Related: $111,299
  • Other: $7,889

    • Eugenio Marlin (Executive Vice President)
  • Compensation: $0
  • Related: $91,503
  • Other: $14,545

    • Jose Rosario (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marcos A Santiago (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Diana Hernandez (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Arline Santiago (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Victor Sanchez (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.iadconline.org

    Where can I find the form 990 for Ibero-American Development Corporation?

    The Ibero-American Development Corporation’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.iadconline.org

    Learn more at the official website: www.iadconline.org

    Mission Statement of Ibero-American Development Corporation

    The Ibero-American Development Corporation was established with a mission to alleviate the hardship and distress experienced by individuals and families of low to moderate income residing in various communities. This non-profit organization seeks to accomplish this by providing dwelling accommodations and social and recreational facilities. Additionally, Ibero-American Development Corporation maintains and manages real property for various non-profit entities. The corporation also identifies, refurbishes, or builds homes in collaboration with third-party entities, offering these properties to eligible purchasers in an effort to improve housing conditions for those in need.

    Impact

    This information is meant to be a general summary of Ibero-American Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Ibero-American Development Corporation's impact can be seen in the alleviation of hardship and distress for persons and families of low and moderate income in the Rochester, NY area. Through their activities such as providing dwelling accommodations, social and recreational facilities, and managing real property for various nonprofit entities, they contribute to improving the living conditions and well-being of the community. Their focus on developing and rehabilitating affordable housing for low-to-moderate income individuals, as well as managing HUD properties serving developmentally disabled and elderly individuals, demonstrates their commitment to addressing housing needs and supporting marginalized populations. Overall, Ibero-American Development Corporation plays a vital role in promoting access to housing and enhancing the quality of life for vulnerable communities in the Rochester area.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $3,543
  • Program Service Revenue: $865,302
  • Gross Receipts: $965,221

    • Assets and Liabilities:
  • Total Assets: $6,824,323
  • Total Liabilities: $3,935,602
  • Net Assets: $2,888,721
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RENTAL REVENUE

    Revenue

    $618,751

    REAL ESTATE COMMISSION

    Revenue

    $85,821

    DEVELOPERS FEES

    Revenue

    $82,702

    PROPERTY MANAGEMENT FE

    Revenue

    $78,028

    Organization Details

    Founding Year

    1986

    Principal Officer

    Eugenio Marlin

    Main Address

    954 CLIFFORD AVENUE, ROCHESTER, NY, 14621

    NTEE Category

    Code: L200 - Housing

    If you are a representative of Ibero-American Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.