PRO VIVIENDAS III INC

EIN: 660519280 501(c)(3) Housing & Shelter

SAN JUAN, PR

Total Revenue
$1,464,536
Total Expenses
$1,250,258
Total Assets
$4,229,058
Net Assets
$3,891,845
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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
1995
Legal Domicile
PR
Principal Officer
CARMEN MELERO
Phone
7877598018
Tax Period
2024-01-01 to 2024-12-31

PRO VIVIENDAS III INC, founded in 1995, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 15% surplus.

Mission

TO PROVIDE AND PRESERVE AFFORDABLE RENTAL HOUSING FOR MODERATE AND LOW INCOME FAMILIES.

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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 $151,417
Program Service Revenue $1,217,910
Investment Income $7,714
Other Revenue $87,495
TOTAL REVENUE $1,464,536

Expense Breakdown

Grants Paid $0
Salaries & Benefits $59,217
Fundraising Expenses $0
Program Expenses $832,751
Other Expenses $1,191,041
TOTAL EXPENSES $1,250,258

Year-over-Year Comparison

2024 2023 Change
Revenue $1,464,536 $1,173,772 +0.2%
Expenses $1,250,258 $1,217,029 +0.0%
Net Income $214,278 $-43,257 -6.0%
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

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Governance

Voting Members
5
Independent Members
N/A
Employees
N/A
Volunteers
9

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
7
$30,000
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PRODUCIR INC LISSETTE VELEZ CEO ASSET MA 5.00
Officer
$30,000 $0 $30,000
FRANK RAMREZ ANGLADA TREASURER/SE N/A
Officer
$0 $0 $0
EDGAR GZMAN MEMBER N/A
Officer
$0 $0 $0
CARMEN MELERO MEMBER N/A
Officer
$0 $0 $0
BLANCO ENTERPRISES - ENRIQUE NODARS MANAGING AGE N/A
Officer
$0 $0 $0
KATIRIA RESTO PRESIDENT N/A
Officer
$0 $0 $0
JOS A RIVERA URRUTIA MEMBER N/A
Officer
$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 $1,464,536 $1,250,258 $4,229,058 $214,278
2023 $1,173,772 $1,217,029 $4,123,465 $-43,257
2022 $1,134,473 $1,168,578 $4,348,914 $-34,105
2021 $1,106,670 $1,007,184 $4,476,009 $99,486
2020 $1,132,613 $976,820 $4,656,389 $155,793
2019 $1,254,818 $950,023 $4,541,555 $304,795
2018 $1,261,855 $967,740 $4,374,466 $294,115
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