Civic Intelligence

Desarrollos Universitarios Inc.

990 • Fiscal year 2015 • EIN 66-0540331

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 05, 2015

Organization Profile
3 Avenida Universidad Oficina AdSan Juan, PR 00925

(787) 904-9985

Siviq Scores

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

Liabilities / Assets

89th percentile

0.91x

Higher debt load relative to assets than 89% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Liabilities / Revenue

97th percentile

11.68x

Higher debt load relative to revenue than 97% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Net Margin

16th percentile

-6.1%

Higher net margin than 16% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Top Officer Pay

4th percentile

$13,200

Higher top officer pay than 4% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Asset Growth

21st percentile

-3.0%

Faster asset growth than 21% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Revenue Growth

31st percentile

-1.2%

Faster revenue growth than 31% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets89th percentile

Assets

Down

$81,134,479

Down $2,544,339 (-3.0%) from 2014

Net Assets

Down

$7,060,602

Down $388,533 (-5.2%) from 2014

Liabilities

Down

$74,073,877

Down $2,155,806 (-2.8%) from 2014

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin16th percentile

Revenue

Down

$6,343,899

Down $78,837 (-1.2%) from 2014

Expenses

Down

$6,732,432

Down $51,764 (-0.8%) from 2014

Net Income

Down

-$388,533

Down $27,073 (-7.5%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

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

$100M$50M$0Assets 2012: $86,004,639Liabilities 2012: $79,325,722Net Assets 2012: $6,678,9172012Assets 2013: $85,609,243Liabilities 2013: $77,798,648Net Assets 2013: $7,810,5952013Assets 2014: $83,678,818Liabilities 2014: $76,229,683Net Assets 2014: $7,449,1352014Assets 2015: $81,134,479Liabilities 2015: $74,073,877Net Assets 2015: $7,060,6022015Assets 2016: $78,340,805Liabilities 2016: $70,504,232Net Assets 2016: $7,836,5732016Assets 2017: $76,024,685Liabilities 2017: $67,809,404Net Assets 2017: $8,215,2812017Assets 2018: $73,310,369Liabilities 2018: $64,324,450Net Assets 2018: $8,985,9192018Assets 2020: $67,984,425Liabilities 2020: $56,863,539Net Assets 2020: $11,120,8862020Assets 2021: $69,836,600Liabilities 2021: $57,703,410Net Assets 2021: $12,133,1902021Assets 2022: $68,440,152Liabilities 2022: $55,159,112Net Assets 2022: $13,281,0402022Assets 2023: $67,094,183Liabilities 2023: $52,496,252Net Assets 2023: $14,597,9312023

Highlighted filing

2015

Assets$81,134,479
Liabilities$74,073,877
Net Assets$7,060,602
Open 2015 Filing

Operations Trend

Revenue Growth31st percentile

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

$10M$5.0M$0-$5.0MRevenue 2012: $8,022,920Expenses 2012: $6,882,401Net Income 2012: $1,140,5192012Revenue 2013: $7,879,229Expenses 2013: $6,747,551Net Income 2013: $1,131,6782013Revenue 2014: $6,422,736Expenses 2014: $6,784,196Net Income 2014: -$361,4602014Revenue 2015: $6,343,899Expenses 2015: $6,732,432Net Income 2015: -$388,5332015Revenue 2016: $7,873,291Expenses 2016: $7,097,320Net Income 2016: $775,9712016Revenue 2017: $7,428,307Expenses 2017: $7,049,599Net Income 2017: $378,7082017Revenue 2018: $7,422,629Expenses 2018: $6,651,991Net Income 2018: $770,6382018Revenue 2020: $7,075,243Expenses 2020: $5,907,130Net Income 2020: $1,168,1132020Revenue 2021: $4,708,978Expenses 2021: $3,696,675Net Income 2021: $1,012,3032021Revenue 2022: $4,249,466Expenses 2022: $3,101,616Net Income 2022: $1,147,8502022Revenue 2023: $4,106,614Expenses 2023: $2,789,724Net Income 2023: $1,316,8902023

Highlighted filing

2015

Revenue$6,343,899
Expenses$6,732,432
Net Income-$388,533
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 5, 2015
Return Version
2014v5.0
Gross Receipts
$6,343,899
Mission and Program Overview

Mission

Development, constructing and equiping certain educational facilities for he benefit of University of PR and provide student housing.Admini- strative office limited comercial spacesa parking for the UPR.

Development, constructing and equipping facilities for the University of PR. Provide student housing administrative offices, limited comercial spaces - parking.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$61,043,612$59,833,403▼ $1,210,209
Cash and Non-Interest-Bearing Accounts$3,272,831$3,234,543▼ $38,288
Total Assets$83,678,818$81,134,479▼ $2,544,339
Other Assets Total$19,362,375$18,066,533▼ $1,295,842
Liabilities
Tax Exempt Bond Liabilities$70,561,797$68,501,277▼ $2,060,520
Accounts Payable and Accrued Expenses$5,667,886$5,572,600▼ $95,286
Total Liabilities$76,229,683$74,073,877▼ $2,155,806
Net Assets / Fund Balance
Unrestricted Net Assets$7,449,135$7,060,602▼ $388,533
Total Net Assets Fund Balance$7,449,135$7,060,602▼ $388,533
Total Liabilities and Net Assets / Fund Balance$83,678,818$81,134,479▼ $2,544,339

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$59,833,403--
Other Assets Org$1,487,474--
Compensation and Service Providers
Top Officer Pay4th percentile

Employees

NameTitleBaseTotal
Antonio SaldanOfficer$13,200$13,200
Humberto TorreTreasurer$13,200$13,200
Juseff M GalibPresident$13,200$13,200
Manuel E AresSecretary$7,000$7,000

Highest Paid Contractors

ContractorServicesLocationCompensation
Capitol Security Police INCSecurity ServicesPO BOX 9066604, San Juan, PR 00906-6604$712,667
All Purpose Services MaintMaintenance ServicesHC 04 BOX 44374 MSC 1327, Caguas, PR 00727$529,285
Asmar Air ConditioningMaint Serv Air CondPO BOX 509, Saint Just, PR 00978$160,421
William Korber BlancoManagement SevicesPO BOX 9767, Cidra, PR 00739$135,798
Revenue and Support

Revenue Composition

Contributions and Grants
$5,911,414
Program Service Revenue
$0
Investment Income
$432,485
Other Revenue
$0
Change in Net Assets
$-388,533

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,343,899
Total Revenue per Audited Statements
$6,343,899
Total Revenue per Form 990
$6,343,899
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,376,919
Salaries, Compensation, and Employee Benefits$355,513
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$3,605,273--$3,605,273
Other Expenses$1,944,226--$1,944,226
Fees for Services Other$518,711--$518,711
Other Salaries and Wages$284,853--$284,853
Fees for Services Legal$133,244--$133,244
Fees for Services Accounting$84,448--$84,448
Information Technology$81,527--$81,527
Payroll Taxes$70,660--$70,660
Insurance$9,490--$9,490
Total Functional Expenses$6,732,432$0$0$6,732,432

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,732,432
Total Expenses per Audited Statements$6,732,432
Total Expenses per Form 990$6,732,432
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Desarrollos Universitarios in
EIN
66-0540331
Phone
7879049985
Address
3 AVENIDA UNIVERSIDAD OFICINA AD, SAN JUAN, PR 00925

Signing Officer

Name
William Korber
Title
Executive Director
Signed
2015-11-05
Discuss with paid preparer
No

Organization Details

Principal Officer
William Korber
Voting Board Members
4
Independent Board Members
4
Employees
10

Preparer

Firm
Rs Assoc CPA Psc
Address
500 MUNOZ RIVERA AVE, SAN JUAN, PR 00918
Preparer
Pedro L Santiago
Supplemental Narrative

Additional Explanations

Please see annexed Schedule O Details blank form that

“includes required Schedule O Disclosures”

Financial Statement Notes

Please see Annexed Schedule D Details blank form for the

“FIN 48 statement included in Audited Financial Statements.”

Raw XML Appendix335 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/AccountantCompileOrReviewInd0true
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt05667886
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt05572600
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Development, constructing and equipping facilities for the University of PR. Provide student housing administrative offices, limited comercial spaces - parking.
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/PersonNm0Officers of Organization
IRS990/BooksInCareOfDetail/PhoneNum07879049985
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt03 Ave Univ
IRS990/BooksInCareOfDetail/USAddress/CityNm0San Juan
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PR
IRS990/BooksInCareOfDetail/USAddress/ZIPCd000925
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt03272831
IRS990/CashNonInterestBearingGrp/EOYAmt03234543
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/CompensationAmt0712667
IRS990/ContractorCompensationGrp/CompensationAmt1529285
IRS990/ContractorCompensationGrp/CompensationAmt2160421
IRS990/ContractorCompensationGrp/CompensationAmt3135798
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0PO BOX 9066604
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt1HC 04 BOX 44374 MSC 1327
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt2PO BOX 509
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt3PO BOX 9767
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0SAN JUAN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1CAGUAS
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2SAINT JUST
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm3CIDRA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0PR
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1PR
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2PR
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd3PR
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd0009066604
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd100727
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd200978
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd300739
IRS990/ContractorCompensationGrp/ContractorName/PersonNm0CAPITOL SECURITY POLICE INC
IRS990/ContractorCompensationGrp/ContractorName/PersonNm1ALL PURPOSE SERVICES MAINT
IRS990/ContractorCompensationGrp/ContractorName/PersonNm2ASMAR AIR CONDITIONING
IRS990/ContractorCompensationGrp/ContractorName/PersonNm3WILLIAM KORBER BLANCO
IRS990/ContractorCompensationGrp/ServicesDesc0SECURITY SERVICES
IRS990/ContractorCompensationGrp/ServicesDesc1MAINTENANCE SERVICES
IRS990/ContractorCompensationGrp/ServicesDesc2MAINT SERV AIR COND
IRS990/ContractorCompensationGrp/ServicesDesc3MANAGEMENT SEVICES
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt05911414
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0432485
IRS990/CYOtherExpensesAmt06376919
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-388533
IRS990/CYSalariesCompEmpBnftPaidAmt0355513
IRS990/CYTotalExpensesAmt06732432
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt06343899
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0Expenses to provide student housing, an institutional building for the
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt010
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt06732432
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt084448
IRS990/FeesForServicesAccountingGrp/TotalAmt084448
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt0133244
IRS990/FeesForServicesLegalGrp/TotalAmt0133244
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0518711
IRS990/FeesForServicesOtherGrp/TotalAmt0518711
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt04
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt14
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt24
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt34
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt04
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt14
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt24
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt34
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/PersonNm0JUSEFF M GALIB
IRS990/Form990PartVIISectionAGrp/PersonNm1MANUEL E ARES
IRS990/Form990PartVIISectionAGrp/PersonNm2HUMBERTO TORRE
IRS990/Form990PartVIISectionAGrp/PersonNm3ANTONIO SALDAN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt013200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt213200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt313200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3OFFICER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GovernmentGrantsAmt05911414
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt06343899
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt04
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt081527
IRS990/InformationTechnologyGrp/TotalAmt081527
IRS990/InsuranceGrp/ProgramServicesAmt09490
IRS990/InsuranceGrp/TotalAmt09490
IRS990/InterestGrp/ProgramServicesAmt03605273
IRS990/InterestGrp/TotalAmt03605273
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0432485
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0432485
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsProgramRelatedGrp/BOYAmt061043612
IRS990/InvestmentsProgramRelatedGrp/EOYAmt059833403
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Development, constructing and equiping certain educational facilities for he benefit of University of PR and provide student housing.Admini- strative office limited comercial spacesa parking for the UPR.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt07449135
IRS990/NetAssetsOrFundBalancesEOYAmt07060602
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt019362375
IRS990/OtherAssetsTotalGrp/EOYAmt018066533
IRS990/OtherExpensesGrp/Desc0OTHER EXPENSES
IRS990/OtherExpensesGrp/ProgramServicesAmt01944226
IRS990/OtherExpensesGrp/TotalAmt01944226
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0284853
IRS990/OtherSalariesAndWagesGrp/TotalAmt0284853
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt070660
IRS990/PayrollTaxesGrp/TotalAmt070660
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0WILLIAM KORBER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt06005424
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0417312
IRS990/PYOtherExpensesAmt06487880
IRS990/PYRevenuesLessExpensesAmt0-361460
IRS990/PYSalariesCompEmpBnftPaidAmt0296316
IRS990/PYTotalExpensesAmt06784196
IRS990/PYTotalRevenueAmt06422736
IRS990/ReconcilationRevenueExpnssAmt0-388533
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0true
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt03551827
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03566579
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt05116317
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt05210412
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt05298634
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt022743769
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0432485
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0417312
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0427926
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0426263
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0424603
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02128589
IRS990ScheduleA/PublicSupportCY170Pct00.91440
IRS990ScheduleA/PublicSupportPY170Pct00.92050
IRS990ScheduleA/PublicSupportTotal170Amt022743769
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt03551827
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt03566579
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt05116317
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt05210412
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt05298634
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt022743769
IRS990ScheduleA/TotalSupportAmt024872358
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt06732432
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt059833403
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0Net Investment Direct Fin Lease
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt013821545
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11677735
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt21079779
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt31487474
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESTRICTED FUND HELD BY TRUSTEE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1BOND ISUANCE COST, NET OF ACCUMULATED DEPRECIATION
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2OTHER ASSETS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3REIMBURSABLE TENENT IMPROVEMENTS RECEIVABLE
IRS990ScheduleD/RevenueSubtotalAmt06343899
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FIN 48 statement included in Audited Financial Statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Please see Annexed Schedule D Details blank form for the
IRS990ScheduleD/TotalBookValueOtherAssetsAmt018066533
IRS990ScheduleD/TotalBookValueProgramRltdAmt059833403
IRS990ScheduleD/TotalExpensesPerForm990Amt06732432
IRS990ScheduleD/TotalRevenuePerForm990Amt06343899
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06343899
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06732432
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0includes required Schedule O Disclosures
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Please see annexed Schedule O Details blank form that
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt070561797
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt068501277
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt083678818
IRS990/TotalAssetsEOYAmt081134479
IRS990/TotalAssetsGrp/BOYAmt083678818
IRS990/TotalAssetsGrp/EOYAmt081134479
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt05911414
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt06732432
IRS990/TotalFunctionalExpensesGrp/TotalAmt06732432
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt076229683
IRS990/TotalLiabilitiesEOYAmt074073877
IRS990/TotalLiabilitiesGrp/BOYAmt076229683
IRS990/TotalLiabilitiesGrp/EOYAmt074073877
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07449135
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07060602
IRS990/TotalProgramServiceExpensesAmt06732432
IRS990/TotalReportableCompFromOrgAmt046600
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0432485
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt06343899
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt083678818
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt081134479
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt07449135
IRS990/UnrestrictedNetAssetsGrp/EOYAmt07060602
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03 AVENIDA UNIVERSIDAD OFICINA ADM
IRS990/USAddress/CityNm0SAN JUAN
IRS990/USAddress/StateAbbreviationCd0PR
IRS990/USAddress/ZIPCd000925
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM KORBER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DESARROLLOS UNIVERSITARIOS IN
ReturnHeader/Filer/BusinessNameControlTxt0DESA
ReturnHeader/Filer/EIN0660540331
ReturnHeader/Filer/PhoneNum07879049985
ReturnHeader/Filer/USAddress/AddressLine1Txt03 AVENIDA UNIVERSIDAD OFICINA AD
ReturnHeader/Filer/USAddress/CityNm0SAN JUAN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PR
ReturnHeader/Filer/USAddress/ZIPCd000925
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0660579838
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RS ASSOC CPA PSC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0500 MUNOZ RIVERA AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAN JUAN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd000918
ReturnHeader/PreparerPersonGrp/PreparationDt02015-11-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PEDRO L SANTIAGO
ReturnHeader/ReturnTs02015-11-20T14:08:35-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$81,134,479
Liabilities
$74,073,877
Net assets
$7,060,602
Revenue
$6,343,899
Expenses
$6,732,432
Net income
-$388,533
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$67.1$52.5$14.6$4.11$2.79$1.32
2022Detailed filing. Detailed filing data is available for this year.$68.4$55.2$13.3$4.25$3.10$1.15
2021Detailed filing. Detailed filing data is available for this year.$69.8$57.7$12.1$4.71$3.70$1.01
2020Summary only. Only limited summary data is available for this year.$68.0$56.9$11.1$7.08$5.91$1.17
2018Detailed filing. Detailed filing data is available for this year.$73.3$64.3$8.99$7.42$6.65$0.77
2017Detailed filing. Detailed filing data is available for this year.$76.0$67.8$8.22$7.43$7.05$0.38
2016Detailed filing. Detailed filing data is available for this year.$78.3$70.5$7.84$7.87$7.10$0.78
2015Detailed filing. Detailed filing data is available for this year.$81.1$74.1$7.06$6.34$6.73$0.39
2014Summary only. Only limited summary data is available for this year.$83.7$76.2$7.45$6.42$6.78$0.36
2013Summary only. Only limited summary data is available for this year.$85.6$77.8$7.81$7.88$6.75$1.13
2012Summary only. Only limited summary data is available for this year.$86.0$79.3$6.68$8.02$6.88$1.14