Civic Intelligence

Altergarten Las Teresas II Inc

EIN 66-0398625 • 501(c)3 • San Juan, Puerto Rico, RQ

Profile

The corporation owns and operate a housing project for the elderly and/or physically impaired families located in san juan, puerto rico.

Azabache St 905 65 InfanteriaSan Juan, Puerto Rico 00925Rq

n/A

Siviq Scores

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

Liabilities / Assets

88th percentile

0.69x

Higher debt load relative to assets than 88% of similar nonprofits.

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

Liabilities / Revenue

90th percentile

1.22x

Higher debt load relative to revenue than 90% of similar nonprofits.

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

Net Margin

66th percentile

14%

Higher net margin than 66% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

22nd percentile

-5.1%

Faster asset growth than 22% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

71st percentile

23%

Faster revenue growth than 71% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$1,980,098

Up $129,914 (+7.0%) from 2022

Liabilities

Down

$1,202,740

Down $69,442 (-5.5%) from 2022

Net Assets

Up

$777,358

Up $199,356 (+34%) from 2022

Revenue

Up

$1,137,385

Up $96,872 (+9.3%) from 2022

Expenses

Up

$938,029

Up $44,546 (+5.0%) from 2022

Net Income

Up

$199,356

Up $52,326 (+36%) from 2022

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $1,473,754Liabilities 2011: $1,770,582Net Assets 2011: -$296,8282011Assets 2012: $1,429,818Liabilities 2012: $1,626,578Net Assets 2012: -$196,7602012Assets 2013: $1,386,427Liabilities 2013: $1,472,638Net Assets 2013: -$86,2112013Assets 2014: $1,397,857Liabilities 2014: $1,352,951Net Assets 2014: $44,9062014Assets 2015: $1,340,973Liabilities 2015: $1,198,458Net Assets 2015: $142,5152015Assets 2016: $1,335,647Liabilities 2016: $1,024,247Net Assets 2016: $311,4002016Assets 2017: $1,347,782Liabilities 2017: $876,780Net Assets 2017: $471,0022017Assets 2018: $1,449,188Liabilities 2018: $920,695Net Assets 2018: $528,4932018Assets 2019: $2,261,482Liabilities 2019: $1,788,354Net Assets 2019: $473,1282019Assets 2020: $2,095,837Liabilities 2020: $1,684,370Net Assets 2020: $411,4672020Assets 2021: $1,948,969Liabilities 2021: $1,517,997Net Assets 2021: $430,9722021Assets 2022: $1,850,184Liabilities 2022: $1,272,182Net Assets 2022: $578,0022022Assets 2023: $1,980,098Liabilities 2023: $1,202,740Net Assets 2023: $777,3582023

Highlighted filing

2023

Assets$1,980,098
Liabilities$1,202,740
Net Assets$777,358

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $892,131Expenses 2011: $815,098Net Income 2011: $77,0332011Revenue 2012: $887,609Expenses 2012: $787,541Net Income 2012: $100,0682012Revenue 2013: $908,271Expenses 2013: $797,722Net Income 2013: $110,5492013Revenue 2014: $921,998Expenses 2014: $790,881Net Income 2014: $131,1172014Revenue 2015: $927,326Expenses 2015: $829,717Net Income 2015: $97,6092015Revenue 2016: $957,150Expenses 2016: $788,265Net Income 2016: $168,8852016Revenue 2017: $952,808Expenses 2017: $793,206Net Income 2017: $159,6022017Revenue 2018: $960,285Expenses 2018: $902,794Net Income 2018: $57,4912018Revenue 2019: $871,120Expenses 2019: $925,485Net Income 2019: -$54,3652019Revenue 2020: $802,325Expenses 2020: $863,986Net Income 2020: -$61,6612020Revenue 2021: $848,396Expenses 2021: $828,891Net Income 2021: $19,5052021Revenue 2022: $1,040,513Expenses 2022: $893,483Net Income 2022: $147,0302022Revenue 2023: $1,137,385Expenses 2023: $938,029Net Income 2023: $199,3562023

Highlighted filing

2023

Revenue$1,137,385
Expenses$938,029
Net Income$199,356

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Feb 26, 2025
Return Version
2023v6.0
Gross Receipts
$1,137,385
Mission and Program Overview

Mission

The corporation owns and operates a housing project for the elderly and/or physically impaired families located in san juan, puerto rico.

The corporation owns and operates a housing project for the elderly and/or physically impared families located in san juan, puerto rico.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,266,574$1,312,904▲ $46,330
Cash and Non-Interest-Bearing Accounts$464,586$535,107▲ $70,521
Prepaid Expenses and Deferred Charges$82,971$67,851▼ $15,120
Accounts Receivable$36,053$64,236▲ $28,183
Total Assets$1,850,184$1,980,098▲ $129,914
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,148,291$959,946▼ $188,345
Accounts Payable and Accrued Expenses$80,271$195,897▲ $115,626
Other Liabilities$43,620$46,897▲ $3,277
Total Liabilities$1,272,182$1,202,740▼ $69,442
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$578,002$777,358▲ $199,356
Total Net Assets Fund Balance$578,002$777,358▲ $199,356
Total Liabilities and Net Assets / Fund Balance$1,850,184$1,980,098▲ $129,914

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$963,353$4,730,077$5,693,430
Land$347,862-$347,862
Other Land Buildings$1,689$73,251$74,940
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,095,121
Investment Income
$2,187
Other Revenue
$40,077
Change in Net Assets
$199,356

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,137,385
Total Revenue per Audited Statements
$1,137,385
Total Revenue per Form 990
$1,137,385
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$843,145
Salaries, Compensation, and Employee Benefits$94,884
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion-$199,339-$199,339
All Other Expenses$57,515$33,283-$90,798
Other Salaries and Wages$5,099$71,952-$77,051
Fees for Services Management-$76,727-$76,727
Interest-$62,832-$62,832
Other Expenses$51,864--$51,864
Insurance$47,738--$47,738
Fees for Services Accounting-$17,400-$17,400
Other Employee Benefits-$8,981-$8,981
Payroll Taxes$587$8,265-$8,852
Fees for Services Legal-$2,795-$2,795
Advertising-$388-$388
Travel-$229-$229
Total Functional Expenses$455,838$482,191$0$938,029

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$938,029
Total Expenses per Audited Statements$938,029
Total Expenses per Form 990$938,029
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposit Payable$39,851
Management Fee Payable$7,046
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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
No
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, Page 6, Part VI, Line 3

SEE DIRECTORS OFFICERS

Form 990, Page 6, Part VI, Line 6

SEE DIRECTORS OFFICERS

Form 990, Page 6, Part VI, Line 7A

SEE DIRECTORS OFFICERS

Form 990, Page 6, Part VI, Line 9

JOSE SANTIAGO-SOLIVAN

Form 990, Page 6, Part VI, Line 11B

SEE ATTACHMENT

Form 990, Page 6, Part VI, Line 12C

SEE ATTACHMENT

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Altergarten Las Teresas Ii Inc
EIN
66-0398625
Phone
7877598038
Address
RQ

Signing Officer

Name
Daisy Delgado
Title
President
Phone
7877598038
Signed
2025-02-26

Organization Details

Principal Officer
Daisy Delgado
Formed
1999
Voting Board Members
6
Independent Board Members
4
Employees
0

Preparer

Firm
Jlm & Co Llp
Address
PO BOX 190476, SAN JUAN, PR 00919-0476
Preparer
Jose Luis Mendoza
Phone
7877646365
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

The corporation owns and operate a housing project for the elderly and/or physically impaired families located in san juan, puerto rico.

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IRS990ScheduleD/BuildingsGrp/BookValueAmt0963353
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04730077
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05693430
IRS990ScheduleD/ExpensesSubtotalAmt0938029
IRS990ScheduleD/LandGrp/BookValueAmt0347862
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0347862
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01689
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt073251
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt074940
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt039851
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt17046
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSIT PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1MANAGEMENT FEE PAYABLE
IRS990ScheduleD/RevenueSubtotalAmt01137385
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01312904
IRS990ScheduleD/TotalExpensesPerForm990Amt0938029
IRS990ScheduleD/TotalLiabilityAmt046897
IRS990ScheduleD/TotalRevenuePerForm990Amt01137385
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01137385
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0938029
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION OWNS AND OPERATE A HOUSING PROJECT FOR THE ELDERLY AND/OR PHYSICALLY IMPAIRED FAMILIES LOCATED IN SAN JUAN, PUERTO RICO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SEE DIRECTORS OFFICERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SEE DIRECTORS OFFICERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SEE DIRECTORS OFFICERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4JOSE SANTIAGO-SOLIVAN
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SEE ATTACHMENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6SEE ATTACHMENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01850184
IRS990/TotalAssetsEOYAmt01980098
IRS990/TotalAssetsGrp/BOYAmt01850184
IRS990/TotalAssetsGrp/EOYAmt01980098
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0482191
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0455838
IRS990/TotalFunctionalExpensesGrp/TotalAmt0938029
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01272182
IRS990/TotalLiabilitiesEOYAmt01202740
IRS990/TotalLiabilitiesGrp/BOYAmt01272182
IRS990/TotalLiabilitiesGrp/EOYAmt01202740
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0578002
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0777358
IRS990/TotalOtherProgSrvcExpenseAmt0455838
IRS990/TotalProgramServiceExpensesAmt0455838
IRS990/TotalProgramServiceRevenueAmt01095121
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01137385
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01137385
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01850184
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01980098
IRS990/TravelGrp/ManagementAndGeneralAmt0229
IRS990/TravelGrp/TotalAmt0229
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0200 AVE PINEIRO
IRS990/USAddress/CityNm0SAN JUAN
IRS990/USAddress/StateAbbreviationCd0PR
IRS990/USAddress/ZIPCd000918
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0DAISY DELGADO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07877598038
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-02-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ALTERGARTEN LAS TERESAS II INC
ReturnHeader/Filer/BusinessNameControlTxt0ALTE
ReturnHeader/Filer/EIN0660398625
ReturnHeader/Filer/ForeignAddress/AddressLine1Txt0AZABACHE ST 905 65 INFANTERIA
ReturnHeader/Filer/ForeignAddress/CityNm0SAN JUAN
ReturnHeader/Filer/ForeignAddress/CountryCd0RQ
ReturnHeader/Filer/ForeignAddress/ForeignPostalCd000925
ReturnHeader/Filer/ForeignAddress/ProvinceOrStateNm0PUERTO RICO
ReturnHeader/Filer/PhoneNum07877598038
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0660479116
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JLM & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 190476
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAN JUAN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0009190476
ReturnHeader/PreparerPersonGrp/PhoneNum07877646365
ReturnHeader/PreparerPersonGrp/PreparationDt02025-04-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOSE LUIS MENDOZA
ReturnHeader/ReturnTs02025-04-04T14:13:21-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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