Acacia Real Estate Development Inc… - Form 990 Financial Data

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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

2017

Legal Domicile

Principal Officer

Lymaris Albors

Phone

7182991100

Tax Period

2023-01-01 to 2023-12-31

Acacia Real Estate Development Inc c/o Office of Legal Affairs, founded in 2017, is a community nonprofit in the Housing & Shelter sector that reported $2.3M in total revenue in fiscal year 2023. Revenue surged 98% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.2M, a strong 95% operating margin.

Mission

TO ENGAGE IN COMMUNITY AND ECONOMIC DEVELOPMENT ACTIVITIES BY DEVELOPING HOUSING ACCOMMODATIONS FOR PERSONS AND FAMILIES OF LOW INCOME.

Program Service Accomplishments

Program 1

Expenses: $8,250 Revenue: $2,345,603

to engage in community and economic development activities by developing housing accommodations for persons and families of low income and the undertakING OF activities necessary for the development of such housing accommodations including without limitation the undertaking of construction, securing financing, obtaining equity funding through federal, state or local tax credits, securing governmental approvals and commitment, providing property management and leasing and entering into joint ventures with third parties.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,345,603

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,345,603

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $8,250

Other Expenses $108,711

TOTAL EXPENSES $108,711

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,345,603	$1,182,964	+1.0%
Expenses	$108,711	$125,666	-0.1%
Net Income	$2,236,892	$1,057,298	+1.1%

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

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

$2,960,183

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Raul Russi	President	0.0	Officer	$0	$70,634	$980,006
Lymaris Albors	Chief Executive Officer	0.0	Officer	$0	$39,079	$842,965
Jose R Rodriguez	Chief legal officer/exec VP	0.0	Officer	$0	$37,083	$639,636
Vicky Gatell	Chief Financial Officer	0.0	Officer	$0	$42,707	$497,576
Eliezer Rodriguez Esq	CHAIR	1.0	Officer Director	$0	$0	$0
Carmen S Melero	Vice Chair	1.0	Officer Director	$0	$0	$0
Gilbert Hernandez	Secretary	1.0	Officer Director	$0	$0	$0
Marybeth Hotaling	Treasurer	1.0	Officer Director	$0	$0	$0
Arnie Segarra	Board Member	1.0	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	$2,345,603	$108,711	$5,959,008	$2,236,892
2022	$1,182,964	$125,666	$2,799,721	$1,057,298
2021	$368,097	$80,216	$1,300,150	$287,881
2020	$28,350	$25,790	$1,064,026	$2,560

Acacia Real Estate Development Inc c/o Office of Legal Affairs