RYDER ASSISTED CARE III INC

EIN: 660550405 501(c)(3) Housing & Shelter

Humacao, PR

Total Revenue
$230,861
Total Expenses
$282,609
Total Assets
$1,298,627
Net Assets
$1,180,576
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
PR
Principal Officer
JOSE R FELICIANO
Phone
7878520768
Tax Period
2023-10-01 to 2024-09-30

RYDER ASSISTED CARE III INC, founded in 1997, is a small nonprofit in the Housing & Shelter sector that reported $231K in total revenue in fiscal year 2023. Expenses of $283K exceeded revenue, resulting in a 22% operating deficit.

Mission

To provide housing for low income individuals with disabilities (20 units).

Program Service Accomplishments

Program 1
Expenses: $222,235 Revenue: $35,914

The Project is a 20-unit apartment facility for persons with disabilities located in Humacao, Puerto Rico. It is operated under Section 811 of the National Housing Act of 1990 and regulated by the US...

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The Project is a 20-unit apartment facility for persons with disabilities located in Humacao, Puerto Rico. It is operated under Section 811 of the National Housing Act of 1990 and regulated by the US Department of Housing and Urban Development (HUD) with respect to rental charges and operating methods. During the year the average percentage of occupancy was 99.8%.

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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 $192,611
Program Service Revenue $35,914
Investment Income $837
Other Revenue $1,499
TOTAL REVENUE $230,861

Expense Breakdown

Grants Paid $0
Salaries & Benefits $38,092
Fundraising Expenses $0
Program Expenses $222,235
Other Expenses $244,517
TOTAL EXPENSES $282,609

Year-over-Year Comparison

2023 2022 Change
Revenue $230,861 $230,699 +0.0%
Expenses $282,609 $254,430 +0.1%
Net Income $-51,748 $-23,731 +1.2%
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
12
Independent Members
12
Employees
3
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
0
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Benjamin Berrios Director 2
Director
$0 $0 $0
Carmen Albino Director 2
Director
$0 $0 $0
Carlos Lopez Director 2
Director
$0 $0 $0
Adelia Izchel Acevedo Director 2
Director
$0 $0 $0
Miriam Alicea Director 2
Director
$0 $0 $0
Elba L Santana Director 2
Director
$0 $0 $0
Jesus M Reina Director 2
Director
$0 $0 $0
Jesus Jusino Director 2
Director
$0 $0 $0
Esther Aleman Secretary 4
Director
$0 $0 $0
Carmen Sara Garcia Vice President 4
Director
$0 $0 $0
Pedro Diaz Treasurer 4
Director
$0 $0 $0
Juan Mendez President 4
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 $230,861 $282,609 $1,298,627 $-51,748
2023 $230,699 $254,430 $1,256,622 $-23,731
2022 $213,769 $240,520 $1,284,499 $-26,751
2021 $217,457 $236,574 $1,323,370 $-19,117
2020 $214,772 $276,430 $1,340,805 $-61,658
2019 $223,878 $265,340 $1,419,614 $-41,462
2018 $192,641 $253,173 $1,560,906 $-60,532
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