PRODUCIR INC UNA CORP DE DESARROLLO COMUNAL Y ECON PARA CUBUY Y LOMAS

EIN: 660428651 501(c)(3) Community Improvement

Canovanas, PR

Total Revenue
$626,579
Total Expenses
$415,319
Total Assets
$1,186,728
Net Assets
$1,101,548
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
PR
Principal Officer
LISSETTE VELEZ
Phone
7872941016
Tax Period
2023-01-01 to 2023-12-31

PRODUCIR INC UNA CORP DE DESARROLLO COMUNAL Y ECON PARA CUBUY Y LOMAS, founded in 1986, is a small nonprofit in the Community Improvement sector that reported $627K in total revenue in fiscal year 2023. Revenue surged 65% from the prior year, signaling strong growth momentum. The organization ran a surplus of $211K, a strong 34% operating margin.

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 Service Accomplishments

Program 1
Expenses: $99,975 Revenue: $186,000

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.

Program 2
Expenses: $183,572 Revenue: $132,266

TO FOMENT THE ACQUISITION OF KNOWLEDGE OF SCIENCE AND APPROPRIATATE TECHNOLOGY THAT WOULD STIMULATE THE ECONOMIC DEVELOPMENT OF RURAL AREA.

Program 3
Expenses: $45,593 Revenue: $24,939

TO DEVELOPE ACTIVITIES THAT FOMENT ECONOMIC GROWTH THROUGH CULTURE, EDUCATION, SECURITY, DISCIPLINE, HEALTH AND DESIRABLE COSTUME OF THE COMPANY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $385,016
Program Service Revenue $238,199
Investment Income $0
Other Revenue $3,364
TOTAL REVENUE $626,579

Expense Breakdown

Grants Paid $0
Salaries & Benefits $149,406
Fundraising Expenses $0
Program Expenses $329,140
Other Expenses $265,913
TOTAL EXPENSES $415,319

Year-over-Year Comparison

2023 2022 Change
Revenue $626,579 $379,504 +0.7%
Expenses $415,319 $356,599 +0.2%
Net Income $211,260 $22,905 +8.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
N/A
Employees
7
Volunteers
13

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
6
$54,445
Total Directors
8
$54,445
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lissette M Velez CEO 24
Officer Director
$49,445 $5,000 $54,445
Vicente Pasqualetto Member 1
Director
$0 $0 $0
Zulma Colon Secretary 5
Officer Director
$0 $0 $0
Jose Rivera Urrutia President 4
Officer Director
$0 $0 $0
Myrna E Torres Tresurer 2
Officer Director
$0 $0 $0
Evelyn Moreno Sub Treasurer 12
Officer Director
$0 $0 $0
Enid Martinez Member 7
Director
$0 $0 $0
Doris Acevedo Vice President 15
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
2024 No data No data No data No data
2023 $626,579 $415,319 $1,186,728 $211,260
2022 $379,504 $356,599 $938,298 $22,905
2021 $322,101 $377,392 $928,373 $-55,291
2020 $322,426 $320,411 $977,108 $2,015
2019 $264,955 $307,739 $977,044 $-42,784
2018 $256,549 $260,893 $1,039,247 $-4,344
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