IBERO-AMERICAN DEVELOPMENT CORPORATION (EIN 161303858) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1986

Legal Domicile

Principal Officer

EUGENIO MARLIN

Phone

5854676410

Tax Period

2024-04-01 to 2025-03-31

IBERO-AMERICAN DEVELOPMENT CORPORATION, founded in 1986, is a community nonprofit in the Housing & Shelter sector that reported $1.0M in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 14% operating deficit.

Mission

THE IBERO-AMERICAN DEVELOPMENT CORPORATION WAS INCORPORATED TO ALLEVIATE THE HARDSHIP AND DISTRESS OF PERSONS AND FAMILIES OF LOW AND MODERATE INCOME RESIDING IN THE ROCHESTER, NY AREA BY PROVIDING DWELLING ACCOMMODATIONS AND SOCIAL AND RECREATIONAL FACILITIES AND TO MAINTAIN AND MANAGE REAL PROPERTY FOR VARIOUS NON-PROFIT ENTITIES. IN ADDITION, THE IBERO-AMERICAN DEVELOPMENT CORPORATION IDENTIFIES, REFURBISHES OR BUILDS, AND MARKETS HOMES WITH OTHER THIRD-PARTIES TO ELIGIBLE PURCHASES IN THE ROCHESTER, NY AREA.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $179,110

Program Service Revenue $838,100

Investment Income $32,502

Other Revenue $0

TOTAL REVENUE $1,049,712

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,108,232

Other Expenses $1,200,281

TOTAL EXPENSES $1,200,281

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,049,712	$1,506,479	-0.3%
Expenses	$1,200,281	$1,136,340	+0.1%
Net Income	$-150,569	$370,139	-1.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$297,690

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSE ROSARIO	CHAIRMAN	0.50	Officer Director	$0	$0	$0
MARCOS A SANTIAGO	SECRETARY	0.50	Officer Director	$0	$0	$0
EUGENIO COTTO JR	BOARD MEMBER	0.50	Director	$0	$0	$0
ARLINE SANTIAGO	TREASURER	0.50	Officer Director	$0	$0	$0
VICTOR SANCHEZ	BOARD MEMBER	0.50	Director	$0	$0	$0
IRENE SANCHEZ	BOARD MEMBER	0.50	Director	$0	$0	$0
EMETERIO PETE OTERO PHD	BOARD MEMBER	0.50	Director	$0	$0	$0
ANGELICA PEREZ-DELGADO	PRES & CEO IAAL	2.00	Officer	$0	$22,050	$172,292
EUGENIO MARLIN	EXECUTIVE VICE PRESIDENT	44.00	Officer	$0	$15,991	$125,398

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$1,049,712	$1,200,281	$6,900,340	$-150,569
2024	$1,506,479	$1,136,340	$7,616,579	$370,139
2023	$965,221	$1,163,581	$6,824,323	$-198,360
2022	$1,416,767	$1,123,790	$4,218,457	$292,977
2022	$1,416,767	$1,123,790	$4,218,457	$292,977
2021	$1,155,442	$1,389,219	$4,090,619	$-233,777
2020	$2,017,980	$1,648,373	$4,752,159	$369,607
2019	$1,077,581	$1,254,266	$5,010,453	$-176,685

IBERO-AMERICAN DEVELOPMENT CORPORATION