EIN 16-1303858

Ibero-American Development Corporation

Name: Ibero-American Development Corporation financials for 2024
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Rochester

State

New York

Year formed

1986

Most recent tax filings

2024-03-01

NTEE code, primary

L20: Housing Development, Construction, Management

Description

The Ibero-American Development Corporation was incorporated to alleviate the hardship and distress of persons and families of low and moderate income residing in the rochester, ny area by providing dwelling accommodations and social and recreational facilities and to maintain and manage real property for various non-profit entities. In addition, the Ibero-American Development Corporation identifies, refurbishes or builds, and markets homes with other third-parties to eligible purchasers in the rochester, ny area.

Related structure

Ibero-American Development Corporation is child organization, under the parent exemption from Ibero-American Action League (IAAL).

Also known as...

Ibero American Action League

Total revenues

$1,506,479

2024

Total expenses

$1,136,340

2024

Total assets

$7,616,579

2024

Num. employees

2024

Program areas at Ibero-American Development Corporation

Development/rental of facilities to nonprofit organizations, Development and rehabilitation of affordable housing for low-to-moderate income and management of hud properties serving developmentally disabled and elderly individuals.

Who funds Ibero-American Development Corporation

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
Esl	2023-12	El Camino Play	$20,000
Rochester Area Community Foundation (RACF)	2024-03	For General Support	$5,750

Personnel at Ibero-American Development Corporation

Name	Title	Compensation	Date of data
Amy Sargent	Chief Financial Officer Iaal	$0	2023-03-31
Eugenio Marlin	Executive Vice President	$0	2025-02-03

Financials for Ibero-American Development Corporation

Revenues	FYE 03/2024	FYE 03/2023	% Change
Total grants, contributions, etc.	$144,975	$96,376	50.4%
Program services	$1,356,575	$865,302	56.8%
Investment income and dividends	$4,929	$3,543	39.1%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$0	$0	-
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$0	$0	-
Total revenues	$1,506,479	$965,221	56.1%

Form 990s for Ibero-American Development Corporation

Fiscal year ending	Date received by IRS	Form	PDF link
2024-03	2025-02-03	990	View PDF
2023-03	2023-10-04	990	View PDF
2022-03	2024-02-02	990	View PDF
2022-03	2023-01-12	990	View PDF
2021-03	2022-03-02	990	View PDF
...and 12 more Form 990s

Organizations like Ibero-American Development Corporation

Organization	Type	Location	Revenue
Eden Palms	501(c)(3)	Hayward, CA	$465,763
Marshall Court HDFC Corporation	501(c)(3)	Bronx, NY	$593,702
Linc - Community Development Corporation	501(c)(3)	Long Beach, CA	$7,444,700
Quantum Real Estate Management	501(c)(3)	Bethesda, MD	$1,593,024
League of Human Dignity Building Corporation	501(c)(3)	Lincoln, NE	$571,279
Vincent Properties	501(c)(3)	Rochester, NY	$2,495,066
The New World Center Foundation	501(c)(3)	Miami, FL	$1,667,872
Santa Barbara Student Housing	501(c)(3)	Goleta, CA	$1,087,587
Eden Development	501(c)(3)	Hayward, CA	$2,091,933
Watson Street Management and Development Corporation	501(c)(3)	Camden, NJ	$1,839,658

Data update history

November 26, 2024

Received grants

Identified 1 new grant, including a grant for $20,000 from Esl

December 4, 2023

Posted financials

Added Form 990 for fiscal year 2023

December 3, 2023

Updated personnel

Identified 2 new personnel

September 26, 2023

Received grants

Identified 2 new grant, including a grant for $80,000 from Esl

June 20, 2023

Posted financials

Added Form 990 for fiscal year 2022

Nonprofit Types

Real estate organizationsHousing and shelter organizationsChapter / child organizationsCharities

Issues

Human servicesHousing

Characteristics

State / local levelReceives government fundingTax deductible donationsNo full-time employeesAccepts online donations

General information

Address: 954 Clifford Ave; Rochester, NY 14621
Metro area: Rochester, NY
County: Monroe County, NY
Website URL: iadconline.org/
Phone: (585) 467-6410

IRS details

EIN: 16-1303858
Fiscal year end: March
Taxreturn type: Form 990
Year formed: 1986
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: L20: Housing Development, Construction, Management
NAICS code, primary: 5313: Real Estate Services
Parent/child status: Child within group exemption

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Ibero-American Development Corporation

Program areas at Ibero-American Development Corporation

Who funds Ibero-American Development Corporation

Personnel at Ibero-American Development Corporation

Financials for Ibero-American Development Corporation

Form 990s for Ibero-American Development Corporation

Organizations like Ibero-American Development Corporation

Nonprofits

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