HOUSING DEVELOPMENT CORPORATION OF BAYAMON
P O BOX 6309, BAYAMON, PR 00960

Total Revenue
$985,953
Total Expenses
$884,193
Net Assets
$526,875

Organizations Filed Purposes: TO PROMOTE THE CONSTRUCTION, REHABILITATION, AND OPERATION OF AFFORDABLE, SAFE, AND DECENT HOUSING FOR THE LOW AND MODERATE-INCOME RESIDENTS OF THE MUNICIPALITY OF BAYAMON, PUERTO RICO.

RENTAL HOUSING FOR LOW AND MODERATE INCOME RESIDENTS - THE CORPORATION OPERATES THREE HOUSING PROJECTS LOCATED IN THE MUNICIPALITY OF BAYAMON, THESE PROJECTS CONSIST OF APARTMENT UNITS FOR LOW AND MODERATE INCOME FAMILIES. THE FAMILIES PAY RENT UNDER ANNUAL LEASE AGREEMENTS, OR APPLY FOR FINANCIAL ASSISTANCE FROM FEDERAL HOUSING SECTION 8 PROGRAM ADMINISTERED BY THE MUNICIPALITY OF BAYAMON. TWO OF THESE PROJECTS "LOS MILLONES 1 & 2" WERE CONSTRUCTED WITH FEDERAL FUNDS PASSED THROUGH THE MUNICIPALITY OF BAYAMON. THE THIRD PROJECT "GALLARDO APARTMENTS" WAS ACQUIRED THROUGH A COMMERCIAL LOAN AND ALSO RECEIVES FEDERAL HOUSING SECTION 8 RENT SUBSIDIES FROM THE MUNICIPALITY OF BAYAMON, AS WELL AS COMMERCIAL RENTAL INCOME DERIVED FROM BUSINESSES LOCATED IN THE BUILDING.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Eduardo NevarezEXECUTIVE DIRECTOR32.5$48,188
VacantBOARD MEMBER0$0
Juan MarreroBOARD MEMBER2$0
Hector RoblesBOARD MEMBER1$0
Alejandro BouBOARD MEMBER1$0
Carlos La SantaBOARD MEMBER1$0
Jonathan FigueroaBOARD MEMBER1$0
Lilliam DominguezBOARD MEMBER1$0
Abidael RiosBOARD MENBER1$0
Ramon L Rivera PerezSecretary1$0
Orlando Lopez BelmonteTreasure1$0
Juan R Garcia RuizPresident2$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/201901829349301550_public.xml