Civic Intelligence

Promesa Administrative Services Organization Inc. Paso

990 • Fiscal year 2018 • EIN 13-3653276

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 15, 2019

Organization ProfileWWW.ACACIANETWORK.ORG
311 East 175th StreetBronx, NY 10457

(718) 299-1100

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

96th percentile

1.05x

Higher debt load relative to assets than 96% of similar nonprofits.

2018 filings • NTEE P • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

69th percentile

0.48x

Higher debt load relative to revenue than 69% of similar nonprofits.

2018 filings • NTEE P • $10M-$25M nonprofits • Source year 2018

Net Margin

35th percentile

0.1%

Higher net margin than 35% of similar nonprofits.

2018 filings • NTEE P • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

96th percentile

$831,952

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 8.0% of source-year revenue.

2018 filings • NTEE P • $10M-$25M nonprofits • Source year 2018

Asset Growth

93rd percentile

32%

Faster asset growth than 93% of similar nonprofits.

2018 filings • NTEE P • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

31st percentile

0.6%

Faster revenue growth than 31% of similar nonprofits.

2018 filings • NTEE P • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets96th percentile

Assets

Up

$4,809,484

Up $1,157,327 (+32%) from 2017

Net Assets

Up

-$227,817

Up $11,633 (+4.9%) from 2017

Liabilities

Up

$5,037,301

Up $1,145,694 (+29%) from 2017

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin35th percentile

Revenue

Up

$10,428,587

Up $62,952 (+0.6%) from 2017

Expenses

Up

$10,416,954

Up $55,346 (+0.5%) from 2017

Net Income

Up

$11,633

Up $7,606 (+189%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth93rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0-$5.0MAssets 2010: $1,367,176Liabilities 2010: $2,384,585Net Assets 2010: -$1,017,4092010Assets 2011: $1,336,588Liabilities 2011: $2,353,997Net Assets 2011: -$1,017,4092011Assets 2012: $1,988,513Liabilities 2012: $2,340,929Net Assets 2012: -$352,4162012Assets 2013: $2,061,068Liabilities 2013: $2,613,544Net Assets 2013: -$552,4762013Assets 2014: $2,749,652Liabilities 2014: $3,258,630Net Assets 2014: -$508,9782014Assets 2015: $1,881,648Liabilities 2015: $2,138,520Net Assets 2015: -$256,8722015Assets 2016: $2,357,266Liabilities 2016: $2,600,743Net Assets 2016: -$243,4772016Assets 2017: $3,652,157Liabilities 2017: $3,891,607Net Assets 2017: -$239,4502017Assets 2018: $4,809,484Liabilities 2018: $5,037,301Net Assets 2018: -$227,8172018Assets 2019: $5,856,454Liabilities 2019: $6,082,691Net Assets 2019: -$226,2372019Assets 2020: $7,075,188Liabilities 2020: $7,433,487Net Assets 2020: -$358,2992020Assets 2021: $9,132,615Liabilities 2021: $9,535,298Net Assets 2021: -$402,6832021Assets 2022: $10,973,447Liabilities 2022: $11,147,710Net Assets 2022: -$174,2632022Assets 2023: $12,498,962Liabilities 2023: $12,672,965Net Assets 2023: -$174,0032023Assets 2024: $15,206,512Liabilities 2024: $15,599,950Net Assets 2024: -$393,4382024

Highlighted filing

2018

Assets$4,809,484
Liabilities$5,037,301
Net Assets-$227,817
Open 2018 Filing

Operations Trend

Revenue Growth31st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $4,632,6082010Expenses 2011: $5,490,8782011Expenses 2012: $6,007,2942012Revenue 2013: $6,491,937Expenses 2013: $6,691,997Net Income 2013: -$200,0602013Revenue 2014: $7,153,084Expenses 2014: $7,109,586Net Income 2014: $43,4982014Revenue 2015: $7,433,426Expenses 2015: $7,181,320Net Income 2015: $252,1062015Revenue 2016: $8,762,465Expenses 2016: $8,749,070Net Income 2016: $13,3952016Revenue 2017: $10,365,635Expenses 2017: $10,361,608Net Income 2017: $4,0272017Revenue 2018: $10,428,587Expenses 2018: $10,416,954Net Income 2018: $11,6332018Revenue 2019: $10,874,848Expenses 2019: $10,873,268Net Income 2019: $1,5802019Revenue 2020: $10,598,327Expenses 2020: $10,730,389Net Income 2020: -$132,0622020Revenue 2021: $12,122,937Expenses 2021: $12,167,321Net Income 2021: -$44,3842021Revenue 2022: $11,742,010Expenses 2022: $11,513,590Net Income 2022: $228,4202022Revenue 2023: $12,308,054Expenses 2023: $12,307,794Net Income 2023: $2602023Revenue 2024: $12,397,190Expenses 2024: $12,616,625Net Income 2024: -$219,4352024

Highlighted filing

2018

Revenue$10,428,587
Expenses$10,416,954
Net Income$11,633
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 15, 2019
Return Version
2018v3.1
Gross Receipts
$10,428,587
Mission and Program Overview

Mission

Promesa administrative services organization, inc., established as a not-for-profit, provides all supervisory/admin services for each of the promesa entities.

To provide all supervisory and admin services for each of the acacia network entities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,356,797$3,772,162▲ $1,415,365
Prepaid Expenses and Deferred Charges$58,932$0▼ $58,932
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$3,652,157$4,809,484▲ $1,157,327
Other Assets Total$1,236,428$1,037,322▼ $199,106
Liabilities
Accounts Payable and Accrued Expenses$3,891,607$5,037,301▲ $1,145,694
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$3,891,607$5,037,301▲ $1,145,694
Net Assets / Fund Balance
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$-239,450$-227,817▲ $11,633
Total Net Assets Fund Balance$-239,450$-227,817▲ $11,633
Total Liabilities and Net Assets / Fund Balance$3,652,157$4,809,484▲ $1,157,327

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$125,004--
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleBaseOtherTotal
David GlaselCLO (through 6/30/18)$269,605$211,909$481,514
Jose A RodriguezCLO (from 7/1/18)$306,775$107,730$414,505
Milton DerienzoEvp/chief Financial Officer$327,502$82,471$409,973
Hon Hector DiazPresident$235,194$85,872$321,066
Maria Del Carmen ArroyoSVP of Administration$245,831$60,530$306,361

Board Members and Trustees

NameTitle
Iris W RamirezChair
Henry ComasVice Chair
Raul RussiChief Executive Officer
Pamela MattelCOO (through 6/30/18)
Lymaris AlborsEvp/chief of Staff
Erica Y MartinezMember
Jose EncarnacionMember
Maria RiveraMember
Maritza LopezMember
Gloria DelgadoSecretary
Edna QuinonesTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
AdpPayroll Processing504 CLITNON CENTER, Clinton, MS 39056$550,959
OsisMedical Billing Syst8790 GOVERNORS HILL DRIVE, Cincinnati, OH 45249$547,602
Ebatiz And AssociatesMarketing338 EAST 120TH STREET, New York, NY 10035$438,858
De Lage LandenEquipment LeasingPO BOX 41602, Philadelphia, PA 19101$431,202
LtgMed. Waste RemovalPO BOX 929, Forked River, NJ 08731$284,356
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$10,416,954
Investment Income
$0
Other Revenue
$11,633
Change in Net Assets
$11,633

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,428,587
Total Revenue per Audited Statements
$10,428,587
Total Revenue per Form 990
$10,428,587
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$10,228,650
Other Expenses$188,304
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$8,356,947--$8,356,947
Current Officers, Directors, Trustees, and Key Employees$1,871,703--$1,871,703
Travel$188,304--$188,304
Total Functional Expenses$10,416,954$0$0$10,416,954

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$10,416,954
Total Expenses per Audited Statements$10,416,954
Total Expenses per Form 990$10,416,954
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 15A & 15B

“PursuaNt to the Organization's bylaws, the Organization delegates to its parent entity the hiring of the CEO and President. The compensation of the executives is approved by the Parent entity, who hires a consultant to conduct a study. A standing compensation commitee of the Parent entity reviews a compensation study and votes on how to proceed.”

Form 990, Part VI, Section B, Line 11B

“The organization distributes the 990 at the board of directors meeting. The board votes to approve the 990.”

Form 990, Part VI, Section B, Line 12C

“Each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person: a. Has received a copy of the conflicts of interest policy; b. Has read and understands the policy; c. Has agreed to comply with the policy; and d. Understands the Organization is charitable, and in order to maintain its federal tax exemption, it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Promesa Administrative Services
EIN
13-3653276
In Care Of
% MILTON DERIENZO
Phone
7182991100
Address
311 EAST 175TH STREET, BRONX, NY 10457

Signing Officer

Name
Milton Derienzo
Title
CFO
Phone
7182991100
Signed
2019-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Raul Russi
Formed
1990
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
93
Volunteers
8

Preparer

Firm
WithumSmithBrown PC
Address
ONE TOWER CENTER BLVD 14TH FL, EAST BRUNSWICK, NJ 08816
Preparer
Shawn Gillon
Phone
7328281614
Supplemental Narrative

Financial Statement Notes

Part X, Line 2

“PASO is exempt from Federal, New York State, and New York City income taxes under Section 501(c)(3) of the Internal Revenue Code and New York Estates, Powers and Trust Law and Article 7-A of the Executive Law. Accordingly, no provision for income taxes has been reflected in the accompanying financial statements. PASO follows generally accepted accounting principles related to uncertain tax positions which require tax effects from an uncertain tax position to be recognized in the financial statements only if the position is more likely than not to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. If an uncertain tax position meets the more-likely-than-not threshold, the largest amount of tax benefit that is greater than 50 percent likely to be recognized upon ultimate settlement with the taxing authority is recorded. PASO's primary tax positions relate to its status as a not-for-profit entity exempt from income taxes and classification of activities related to its exempt purpose. Management has evaluated the tax positions reflected in PASO's tax filings and does not believe that any significant uncertain tax positions exist. PASO did not record any tax related interest or penalties during the years in question. PASO files Form 990 information returns in the U.S. federal jurisdiction and CHAR 500 in the State of New York jurisdiction.”

Raw XML AppendixShowing 400 of 2,013 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt03891607
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt05037301
IRS990/AccountsReceivableGrp/BOYAmt00
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROVIDE ALL SUPERVISORY AND ADMIN SERVICES FOR EACH OF THE ACACIA NETWORK ENTITIES.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0MILTON DERIENZO
IRS990/BooksInCareOfDetail/PhoneNum07182991100
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0311 EAST 175TH STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0BRONX
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd010457
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt02356797
IRS990/CashNonInterestBearingGrp/EOYAmt03772162
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt019
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt01871703
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt01871703
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/CompensationAmt0550959
IRS990/ContractorCompensationGrp/CompensationAmt1438858
IRS990/ContractorCompensationGrp/CompensationAmt2284356
IRS990/ContractorCompensationGrp/CompensationAmt3431202
IRS990/ContractorCompensationGrp/CompensationAmt4547602
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0504 CLITNON CENTER
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt1338 EAST 120TH STREET
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt2PO BOX 929
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt3PO BOX 41602
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt48790 GOVERNORS HILL DRIVE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0CLINTON
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1NEW YORK
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2FORKED RIVER
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm3PHILADELPHIA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm4CINCINNATI
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0MS
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1NY
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2NJ
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd3PA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd4OH
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd039056
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd110035
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd208731
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd319101
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd445249
IRS990/ContractorCompensationGrp/ContractorName/PersonNm0ADP
IRS990/ContractorCompensationGrp/ContractorName/PersonNm1EBATIZ AND ASSOCIATES
IRS990/ContractorCompensationGrp/ContractorName/PersonNm2LTG
IRS990/ContractorCompensationGrp/ContractorName/PersonNm3DE LAGE LANDEN
IRS990/ContractorCompensationGrp/ContractorName/PersonNm4OSIS
IRS990/ContractorCompensationGrp/ServicesDesc0PAYROLL PROCESSING
IRS990/ContractorCompensationGrp/ServicesDesc1MARKETING
IRS990/ContractorCompensationGrp/ServicesDesc2MED. WASTE REMOVAL
IRS990/ContractorCompensationGrp/ServicesDesc3EQUIPMENT LEASING
IRS990/ContractorCompensationGrp/ServicesDesc4MEDICAL BILLING SYST
IRS990/CostOfGoodsSoldAmt00
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0188304
IRS990/CYOtherRevenueAmt011633
IRS990/CYProgramServiceRevenueAmt010416954
IRS990/CYRevenuesLessExpensesAmt011633
IRS990/CYSalariesCompEmpBnftPaidAmt010228650
IRS990/CYTotalExpensesAmt010416954
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt010428587
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt00
IRS990/DeferredRevenueGrp/EOYAmt00
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0PROMESA ADMINISTRATIVE SERVICES ORGANIZATION, INC., ESTABLISHED AS A NOT-FOR PROFIT, PROVIDES ALL SUPERVISORY/ADMIN SERVICES FOR EACH OF THE ACACIA NETWORK ENTITIES. THESE SERVICES INCLUDE HUMAN RESOURCES, FINANCE, ACCOUNTING, ADMINISTRATIVE, INFORMATION TECHNOLOGY, PURCHASING, AND COMPLIANCE Q&A. PROMESA ADMINISTRATIVE SERVICES ORG., INC. IS REIMBURSED AT COST FOR ALL EXPENSES INCURRED ON BEHALF OF ALL ACACIA NETWORK ENTITIES.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt093
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountLiabilityGrp/BOYAmt00
IRS990/EscrowAccountLiabilityGrp/EOYAmt00
IRS990/ExpenseAmt010416954
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt00
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt835.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt935.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt1021.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt1121.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt1235.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt1335.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt1435.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt1535.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt100.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt110.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt120.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt130.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt150.0
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd9X
IRS990/Form990PartVIISectionAGrp/OfficerInd10X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt858771
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt958713
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1013878
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1145886
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1219261
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1311668
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt148849
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1536196
IRS990/Form990PartVIISectionAGrp/PersonNm0IRIS W RAMIREZ
IRS990/Form990PartVIISectionAGrp/PersonNm1HENRY COMAS
IRS990/Form990PartVIISectionAGrp/PersonNm2GLORIA DELGADO
IRS990/Form990PartVIISectionAGrp/PersonNm3EDNA QUINONES
IRS990/Form990PartVIISectionAGrp/PersonNm4JOSE ENCARNACION
IRS990/Form990PartVIISectionAGrp/PersonNm5MARIA RIVERA
IRS990/Form990PartVIISectionAGrp/PersonNm6MARITZA LOPEZ
IRS990/Form990PartVIISectionAGrp/PersonNm7ERICA Y MARTINEZ
IRS990/Form990PartVIISectionAGrp/PersonNm8RAUL RUSSI
IRS990/Form990PartVIISectionAGrp/PersonNm9PAMELA MATTEL
IRS990/Form990PartVIISectionAGrp/PersonNm10HON HECTOR DIAZ
IRS990/Form990PartVIISectionAGrp/PersonNm11Jose A Rodriguez
IRS990/Form990PartVIISectionAGrp/PersonNm12DAVID GLASEL
IRS990/Form990PartVIISectionAGrp/PersonNm13MILTON DERIENZO
IRS990/Form990PartVIISectionAGrp/PersonNm14Lymaris Albors
IRS990/Form990PartVIISectionAGrp/PersonNm15Maria Del Carmen Arroyo
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10307188
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11368619
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12462253
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13398305
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15270165
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt8773181
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt9472149
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt14232775
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8CHIEF EXECUTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt9COO (THROUGH 6/30/18)
IRS990/Form990PartVIISectionAGrp/TitleTxt10PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt11CLO (FROM 7/1/18)
IRS990/Form990PartVIISectionAGrp/TitleTxt12CLO (THROUGH 6/30/18)
IRS990/Form990PartVIISectionAGrp/TitleTxt13EVP/CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt14EVP/CHIEF OF STAFF
IRS990/Form990PartVIISectionAGrp/TitleTxt15SVP OF ADMINISTRATION
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01990
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt00
IRS990/GamingActivitiesInd0false
IRS990/GamingDirectExpensesAmt00
IRS990/GamingGrossIncomeAmt00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantsPayableGrp/BOYAmt00
IRS990/GrantsPayableGrp/EOYAmt00
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt010428587
IRS990/GrossSalesOfInventoryAmt00
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt05
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PROMESA ADMINISTRATIVE SERVICES ORGANIZATION, INC., ESTABLISHED AS A NOT-FOR-PROFIT, PROVIDES ALL SUPERVISORY/ADMIN SERVICES FOR EACH OF THE ACACIA NETWORK ENTITIES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt0-239450
IRS990/NetAssetsOrFundBalancesEOYAmt0-227817
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt018562
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01236428
IRS990/OtherAssetsTotalGrp/EOYAmt01037322
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/TotalAmt00
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/Desc0MISC REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt011633
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt011633
IRS990/OtherRevenueTotalAmt011633
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt08356947
IRS990/OtherSalariesAndWagesGrp/TotalAmt08356947
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt058932
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0RAUL RUSSI
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0561000
IRS990/ProgramServiceRevenueGrp/Desc0SERVICE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt010416954
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt010416954
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0272119
IRS990/PYOtherRevenueAmt04024
IRS990/PYProgramServiceRevenueAmt010361611
IRS990/PYRevenuesLessExpensesAmt04027
IRS990/PYSalariesCompEmpBnftPaidAmt010089489
IRS990/PYTotalExpensesAmt010361608
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt010365635
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt011633
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt010428587
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,809,484
Liabilities
$5,037,301
Net assets
-$227,817
Revenue
$10,428,587
Expenses
$10,416,954
Net income
$11,633
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.2$15.6$0.39$12.4$12.6$0.22
2023Detailed filing. Detailed filing data is available for this year.$12.5$12.7$0.17$12.3$12.3$0.00
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.0$11.1$0.17$11.7$11.5$0.23
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.13$9.54$0.40$12.1$12.2$0.04
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.08$7.43$0.36$10.6$10.7$0.13
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.86$6.08$0.23$10.9$10.9$0.00
2018Detailed filing. Detailed filing data is available for this year.$4.81$5.04$0.23$10.4$10.4$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.65$3.89$0.24$10.4$10.4$0.00
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.36$2.60$0.24$8.76$8.75$0.01
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.88$2.14$0.26$7.43$7.18$0.25
2014Detailed filing. Detailed filing data is available for this year.$2.75$3.26$0.51$7.15$7.11$0.04
2013Detailed filing. Detailed filing data is available for this year.$2.06$2.61$0.55$6.49$6.69$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.99$2.34$0.35$6.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.34$2.35$1.02$5.49
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.37$2.38$1.02$4.63