Overview

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Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

DESARROLLOS UNIVERSITARIOS INC is a nonprofit organization focused on enhancing university education in Puerto Rico by developing, constructing, and operating facilities that include student housing, administrative offices, and limited commercial spaces. With an operating budget of $2.8 million and total revenue of $4.1 million for the 2023 filing year, the organization plays a vital role in supporting the educational infrastructure in the region. There is no indication that DESARROLLOS UNIVERSITARIOS INC relies on a single funder for 50% or more of its revenue.

Mission Statement

DEVELOPMENT, CONSTRUCTING AND OPERATING FACILITIES FOR THE UNIVERSITY OF PR, PROVIDE STUDENT HOUSING ADMINISTRATIVE OFFICES, LIMITED COMERCIAL SPACES - PARKING
Revenues
$4.1M
Expenses
$2.8M
Net Income:
+$1.3M
Assets
$67.1M
Liabilities
$52.5M
Net Assets:
+$14.6M
Operating Budget
$2.8M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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H
Humberto Torre
Board Member
M
Manuel E Ares
Board Member
C
Carlos L Marre
Board Member

Frequently Asked Questions

What is DESARROLLOS UNIVERSITARIOS INC’s budget?
In 2023, DESARROLLOS UNIVERSITARIOS INC reported an annual operating budget of around $2.8 million. More detailed financial information is available to registered users.
What causes does DESARROLLOS UNIVERSITARIOS INC support?
DESARROLLOS UNIVERSITARIOS INC supports work in University education.
Where does DESARROLLOS UNIVERSITARIOS INC operate?
DESARROLLOS UNIVERSITARIOS INC is headquartered in SAN JUAN, PR.
What is DESARROLLOS UNIVERSITARIOS INC’s reliance on government grants?
DESARROLLOS UNIVERSITARIOS INC relied on government grants for more than 85% of their total revenue in 2023.