BAYAMON SENIOR CITIZENS HOUSING COMPANY INC

EIN: 521180878 501(c)(3) Housing & Shelter

PLANTATION, FL

Total Revenue
$1,184,711
Total Expenses
$956,720
Total Assets
$788,802
Net Assets
$19,697
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
DC
Principal Officer
MELANIE RIBEIRO
Phone
9548359200
Tax Period
2024-04-01 to 2025-03-31

BAYAMON SENIOR CITIZENS HOUSING COMPANY INC, founded in 1978, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2024. The organization ran a surplus of $228K, a strong 19% operating margin.

Mission

OPERATION OF LOW INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED, REGULATED AND ASSISTED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD).

Program Service Accomplishments

Program 1
Expenses: $573,478 Revenue: $1,141,939

OPERATION OF LOW INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED, REGULATED AND ASSISTED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD).

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,141,939
Investment Income $4,305
Other Revenue $38,467
TOTAL REVENUE $1,184,711

Expense Breakdown

Grants Paid $0
Salaries & Benefits $312,638
Fundraising Expenses $0
Program Expenses $573,478
Other Expenses $644,082
TOTAL EXPENSES $956,720

Year-over-Year Comparison

2024 2023 Change
Revenue $1,184,711 $1,139,546 +0.0%
Expenses $956,720 $909,678 +0.1%
Net Income $227,991 $229,868 0.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
5
Employees
6
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
5
$548,180
Total Directors
9
$38,386
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MELANIE RIBEIRO VICE PRESIDE 0.70
Officer
$0 $75,384 $521,004
JOHN OLSEN TREASURER 0.10
Officer Director
$0 $0 $26,541
BEATRIZ MENDIGUREN DIRECTOR 0.10
Director
$10,919 $291 $11,210
VICTOR RODRIGUEZ TREASURER 0.10
Officer Director
$0 $635 $635
JUAN J PEREZ ALDA DIRECTOR 0.10
Director
$0 $0 $0
MARIA CORDONE SECRETARY 0.30
Officer Director
$0 $0 $0
RVDO JUAN R RIVERA MEDINA DIRECTOR 0.10
Director
$0 $0 $0
HECTOR ORTEGA DIRECTOR 0.10
Director
$0 $0 $0
ERICA SCHMELZER DIRECTOR 0.10
Director
$0 $0 $0
CHRISTOPHER SHELTON PRESIDENT 0.50
Officer Director
$0 $0 $0
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 $1,184,711 $956,720 $788,802 $227,991
2024 $1,139,546 $909,678 $674,529 $229,868
2023 $1,095,207 $797,377 $641,888 $297,830
2022 $1,074,359 $773,760 $606,414 $300,599
2021 $1,069,377 $754,130 $406,772 $315,247
2020 $1,044,939 $830,202 $395,096 $214,737
2019 $1,025,286 $789,275 $392,900 $236,011
2018 $1,007,630 $816,879 $421,762 $190,751
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