Civic Intelligence

Altergarten Las Teresas Inc I

EIN 66-0398624 • 501(c)3 • San Juan, PR

Profile

The corporation owns and operates a housing project for the elderly low income.

PO Box 28598San Juan, PR 00929

combinedinc.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

72nd percentile

0.27x

Higher debt load relative to assets than 72% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

76th percentile

0.37x

Higher debt load relative to revenue than 76% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

65th percentile

13%

Higher net margin than 65% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

71st percentile

14%

Faster asset growth than 71% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

37th percentile

1.1%

Faster revenue growth than 37% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,169,455

Up $141,551 (+14%) from 2023

Liabilities

Up

$311,157

Up $33,886 (+12%) from 2023

Net Assets

Up

$858,298

Up $107,665 (+14%) from 2023

Revenue

Up

$842,229

Up $8,978 (+1.1%) from 2023

Expenses

Down

$734,564

Down $8,639 (-1.2%) from 2023

Net Income

Up

$107,665

Up $17,617 (+20%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2011: $933,017Liabilities 2011: $442,893Net Assets 2011: $490,1242011Assets 2012: $937,004Liabilities 2012: $388,453Net Assets 2012: $548,5512012Assets 2013: $924,709Liabilities 2013: $324,775Net Assets 2013: $599,9342013Assets 2014: $895,677Liabilities 2014: $293,568Net Assets 2014: $602,1092014Assets 2015: $843,582Liabilities 2015: $243,505Net Assets 2015: $600,0772015Assets 2016: $981,010Liabilities 2016: $306,921Net Assets 2016: $674,0892016Assets 2018: $1,006,704Liabilities 2018: $256,948Net Assets 2018: $749,7562018Assets 2019: $960,327Liabilities 2019: $225,456Net Assets 2019: $734,8712019Assets 2020: $825,765Liabilities 2020: $162,091Net Assets 2020: $663,6742020Assets 2021: $979,754Liabilities 2021: $330,723Net Assets 2021: $649,0312021Assets 2022: $940,204Liabilities 2022: $279,619Net Assets 2022: $660,5852022Assets 2023: $1,027,904Liabilities 2023: $277,271Net Assets 2023: $750,6332023Assets 2024: $1,169,455Liabilities 2024: $311,157Net Assets 2024: $858,2982024

Highlighted filing

2024

Assets$1,169,455
Liabilities$311,157
Net Assets$858,298

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $656,631Expenses 2011: $593,792Net Income 2011: $62,8392011Revenue 2012: $699,492Expenses 2012: $641,065Net Income 2012: $58,4272012Revenue 2013: $685,430Expenses 2013: $634,047Net Income 2013: $51,3832013Revenue 2014: $692,928Expenses 2014: $690,753Net Income 2014: $2,1752014Revenue 2015: $701,900Expenses 2015: $703,932Net Income 2015: -$2,0322015Revenue 2016: $708,780Expenses 2016: $634,768Net Income 2016: $74,0122016Revenue 2018: $742,384Expenses 2018: $654,238Net Income 2018: $88,1462018Revenue 2019: $636,416Expenses 2019: $651,301Net Income 2019: -$14,8852019Revenue 2020: $619,469Expenses 2020: $690,666Net Income 2020: -$71,1972020Revenue 2021: $688,396Expenses 2021: $703,039Net Income 2021: -$14,6432021Revenue 2022: $717,604Expenses 2022: $706,050Net Income 2022: $11,5542022Revenue 2023: $833,251Expenses 2023: $743,203Net Income 2023: $90,0482023Revenue 2024: $842,229Expenses 2024: $734,564Net Income 2024: $107,6652024

Highlighted filing

2024

Revenue$842,229
Expenses$734,564
Net Income$107,665

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 27, 2025
Return Version
2024v5.0
Gross Receipts
$842,229
Mission and Program Overview

Mission

The corporation owns and operates a housing project for the elderly located at rio piedras sanjuan pr with hud section 8 rent subsidy

The corporation owns and operates a hud housing project for the elderly

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$697,103$721,001▲ $23,898
Cash and Non-Interest-Bearing Accounts$147,061$212,849▲ $65,788
Savings and Temporary Cash Investments$132,804$194,405▲ $61,601
Accounts Receivable$20,382$39,253▲ $18,871
Prepaid Expenses and Deferred Charges$30,554$1,947▼ $28,607
Total Assets$1,027,904$1,169,455▲ $141,551
Liabilities
Accounts Payable and Accrued Expenses$157,468$237,584▲ $80,116
Mortgage Notes Payable Secured by Investment Property$86,408$38,819▼ $47,589
Escrow Account Liability$28,435$28,980▲ $545
Deferred Revenue$4,960$5,774▲ $814
Total Liabilities$277,271$311,157▲ $33,886
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$750,633$858,298▲ $107,665
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$750,633$858,298▲ $107,665
Total Liabilities and Net Assets / Fund Balance$1,027,904$1,169,455▲ $141,551

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$559,980$2,256,190$0
Other Land Buildings$407$1,218$0
Land$102,904-$0
Equipment$57,710$231,687$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Board Members and Trustees

NameTitle
Daisy DelgadoPresident
Aida I CottoDirector
Gloria RamosDirector
Marisol MendezDirector
Zoraida RondonDirector
Jose SantiagoSecretary
Herbert PaduaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$834,848
Investment Income
$1,602
Other Revenue
$5,779
Change in Net Assets
$107,665

Audited Revenue Reconciliation

Revenue per Audited Statements
$842,229
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$842,229
Total Revenue per Form 990
$842,229
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$542,662
Salaries, Compensation, and Employee Benefits$191,902
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$55,618$96,638-$152,256
Occupancy$132,574--$132,574
Depreciation Depletion$113,153--$113,153
Other Expenses$67,026$0$0$67,026
Fees for Services Other$58,401$5,017-$63,418
Fees for Services Management$0$55,943-$55,943
Insurance$30,035--$30,035
Other Employee Benefits$28,131--$28,131
Fees for Services Accounting$0$22,734-$22,734
All Other Expenses$2,243$15,988-$18,231
Payroll Taxes$11,515--$11,515
Interest$10,029--$10,029
Office Expenses$0$4,211-$4,211
Advertising$0$164-$164
Total Functional Expenses$531,537$203,027$0$734,564

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$734,564
Total Expenses per Audited Statements$734,564
Total Expenses per Form 990$734,564
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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 35% controlled entity
No
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The project pays a 7.25% mgt fee of gross revenues authorized by hud.

Form 990, Part VI, Section A, Line 6

The organization have members

Form 990, Part VI, Section A, Line 7A

Member of the organization elect the board of directors.

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

Board contracts an independent cpa firm to audit & assist in tax returns preparation, which are then reviewed and approved by management.

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

The organization consistenly monitor the compliance with this policy.

Form 990, Part VI, Section B, Line 15

Management fee is approved by hud, while the board of directors must approve the annual budget that includes salaries paid to the employees of the management company.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policies & financial statements are available for inspection upon request.

Filing and Contact Details

Filer

Filer Name
Altergarten Las Teresas Inc I
EIN
66-0398624
Phone
7877598038
Address
PO BOX 28598, SAN JUAN, PR 00929

Signing Officer

Name
Daisy Delgado
Title
President
Phone
7877598038
Signed
2025-10-27
Discuss with paid preparer
No

Organization Details

Principal Officer
Daisy Delgado
Formed
1963
Legal Domicile
Pr
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Rodriguez Santiago CPA's PSC
Address
PO Box 817, Bayamon, PR 00960
Preparer
Daniel A Santiago Soto
Phone
9393380450
Supplemental Narrative

Financial Statement Notes

Schedule D, Part IV, Line 2B

Tenant escrow deposits payable $28,980

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

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IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt00
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt10
IRS990/OtherRevenueTotalAmt05779
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt096638
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt055618
IRS990/OtherSalariesAndWagesGrp/TotalAmt0152256
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt011515
IRS990/PayrollTaxesGrp/TotalAmt011515
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt030554
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01947
IRS990/PrincipalOfficerNm0DAISY DELGADO
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0ELDERLY HOUSE RENT
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0834848
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0834848
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01041
IRS990/PYOtherExpensesAmt0554882
IRS990/PYOtherRevenueAmt037951
IRS990/PYProgramServiceRevenueAmt0794259
IRS990/PYRevenuesLessExpensesAmt090048
IRS990/PYSalariesCompEmpBnftPaidAmt0188321
IRS990/PYTotalExpensesAmt0743203
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0833251
IRS990/ReconcilationRevenueExpnssAmt0107665
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0834848
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0132804
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0194405
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0494234
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0503915
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0415423
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0398063
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0351419
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02163054
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01
IRS990ScheduleA/PublicSupportPY170Pct01
IRS990ScheduleA/PublicSupportTotal170Amt02163054
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0494234
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0503915
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0415423
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0398063
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0351419
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02163054
IRS990ScheduleA/TotalSupportAmt02163054
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0559980
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02256190
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt02816170
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt057710
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0231687
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0289397
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0734564
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LandGrp/BookValueAmt0102904
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0102904
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt00
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0407
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01218
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt01625
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0842229
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TENANT ESCROW DEPOSITS PAYABLE $28,980
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part IV, Line 2b
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0721001
IRS990ScheduleD/TotalExpensesPerForm990Amt0734564
IRS990ScheduleD/TotalRevenuePerForm990Amt0842229
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0842229
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0734564
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PROJECT PAYS A 7.25% MGT FEE OF GROSS REVENUES AUTHORIZED BY HUD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAVE MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBER OF THE ORGANIZATION ELECT THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD CONTRACTS AN INDEPENDENT CPA FIRM TO AUDIT & ASSIST IN TAX RETURNS PREPARATION, WHICH ARE THEN REVIEWED AND APPROVED BY MANAGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION CONSISTENLY MONITOR THE COMPLIANCE WITH THIS POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MANAGEMENT FEE IS APPROVED BY HUD, WHILE THE BOARD OF DIRECTORS MUST APPROVE THE ANNUAL BUDGET THAT INCLUDES SALARIES PAID TO THE EMPLOYEES OF THE MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES & FINANCIAL STATEMENTS ARE AVAILABLE FOR INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01027904
IRS990/TotalAssetsEOYAmt01169455

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