2023-11-13T07:37:34-06:00 2022-12-31 390859910 BAKER TILLY US LLP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2022-01-01 813782414 CENTRO LANCASTER LTD CENT 7173976267 453 SOUTH LIME STREET B LANCASTER PA 17602 ROBERT FRANKHOUSER TREASURER 7173976267 2023-11-10 1 ROBERT FRANKHOUSER XXX-XX-XXXX 0 KERRI N BOGDA CPA P00760402 7177404863 2023-11-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CARLOS GRAUPERA CEO 453 SOUTH LIME STREET B LANCASTER PA 17602 221480 0 X N/A X 2016 PA OPERATE A COMMERCIAL CENTER TO PROMOTE AND STIMULATE COMMERCIAL ACTIVITY IN LANCASTER, PA. 5 4 0 4 0 0 0 0 208469 221027 0 453 0 0 208469 221480 0 0 0 0 0 0 0 0 0 370993 414350 370993 414350 -162524 -192870 3705949 3606982 4382108 4476705 -676159 -869723 TO ACQUIRE, DEVELOP AND OPERATE A COMMERCIAL CENTER TO PROMOTE AND STIMULATE COMMERCIAL ACTIVITY, SERVICES AND ACCESS TO HEALTHY FOOD AND GROCERIES IN THE INNER CITY OF LANCASTER, PA. 0 0 256267 0 221027 CURRENT TENANTS INCLUDE AN INTERNATIONAL GROCERY STORE, CELL PHONE STORE, BARBER SHOP, REAL ESTATE AGENT AND A CHINESE RESTAURANT. THE SIXTH UNIT, A WINE AND BOOK BAR, IS CURRENTLY DOING FITOUT AND IS SCHEDULED TO OPEN THIS SUMMER. THE COMMUNITY HAS EMBRACED THE PLAZA AND THE BUSINESSES ARE DOING WELL. 256267 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 1 0 0 0 0 1 1 1 1 0 0 1 1 0 1 1 1 0 0 0 PA X ROSA GRAUPERA CFO 7172957987 453 SOUTH LIME STREET SUITE A LANCASTER PA 17602 CARLOS GRAUPERA CEO 1.00 40.00 X X 0 127163 41767 C TED DARCUS VICE PRESIDENT 1.00 40.00 X X 0 0 0 ROBERT FRANKHOUSER TREASURER 1.00 3.00 X X 0 0 0 MIRIAM ORTEGA SECRETARY 1.00 2.00 X X 0 0 0 JODIE RICHARDSON BOARD MEMBER 1.00 1.00 X 0 0 0 ROSA GRAUPERA CFO 1.00 40.00 X 0 115960 13281 JOSE R LOPEZ PRESIDENT 1.00 40.00 X 0 141632 14542 0 384755 69590 0 0 1 0 0 RENT REVENUE 531120 221027 221027 221027 453 453 221480 221027 0 453 3145 3145 40300 7800 32500 9790 9790 111423 111423 122438 122438 108096 108096 4706 4706 BAD DEBT 9437 9437 REPLACEMENT RESERVE 5000 5000 LICENSES & FEES 15 15 414350 256267 158083 0 41915 25812 240300 200655 16264 8728 58500 668447 655612 3056057 398382 2739023 2657675 3705949 3606982 24903 37003 16624 16624 4308833 4378042 31748 45036 4382108 4476705 X -676159 -869723 -676159 -869723 3705949 3606982 -192870 -694 0 X 0 1 X 1 0 X X X 2 SPANISH AMERICAN CIVIC ASSOCIATION 237139993 7 1 0 0 SACA DEVELOPMENT CORPORATION 232364586 7 1 0 0 2 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 3050585 398382 2652203 5472 5472 2657675 DUE TO AFFILIATES 45036 45036 221480 0 221480 0 221480 414350 0 414350 0 414350 0 0 0 0 0 0 0 0 0 CARLOS GRAUPERA CEO 0 127163 0 0 0 0 0 33167 0 8600 0 168930 0 0 JOSE R LOPEZ PRESIDENT 0 141632 0 0 0 0 0 5665 0 8877 0 156174 0 0 PART I, LINE 3 OFFICERS ARE PAID BY A RELATED ORGANIZATION. COMPENSATION IS DETERMINED BY A COMPENSATION COMMITTEE, FORM 990 OF OTHER ORGANIZATIONS AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION A, LINE 2 CARLOS GRAUPERA, THE PRESIDENT, AND ROSA GRAUPERA, THE CHIEF FINANCIAL OFFICER FOR THE ORGANIZATION, HAVE A FAMILY RELATIONSHIP. ROSA REPORTS DIRECTLY TO THE SPANISH AMERICAN CIVIC ASSOCATION'S CHAIRPERSON AND CARLOS REPORTS TO THE SPANISH AMERICAN CIVIC ASSOCATION'S EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF CENTRO LANCASTER, LTD. IS COMPRISED OF ONE DIRECTOR FROM THE RELATED ORGANIZATION SACA DEVELOPMENT CORPORATION. THE REMAINING DIRECTORS ARE APPOINTED BY A MAJORITY OF SACA DEVELOPMENT CORPORATION'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B ANY REPEAL OR AMENDMENT OF THE BYLAWS MUST BE APPROVED BY THE SACA DEVELOPMENT CORPORATION'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT PERFORMS AN INITIAL REVIEW OF THE RETURN. ONCE APPROVED, THE FINAL FORM 990 IS SENT TO ALL BOARD MEMBERS WITH A REQUEST TO SUBMIT ANY QUESTIONS OR COMMENTS. UPON COMPLETION OF BOARD REVIEW, THE RETURN IS THEN SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION ADHERES TO THE CONFLICT OF INTEREST POLICY OF ITS SUPPORTED ORGANIZATION, SPANISH AMERICAN CIVIC ASSOCIATION, WHICH IS AS FOLLOWS: A CONFLICT OF INTEREST POLICY IS INCLUDED AS PART OF THE EMPLOYEE HANDBOOK. THE POLICY DICTATES NO BOARD MEMBERS OR EMPLOYEES MAY BE INVOLVED IN A TRANSACTION IN WHICH THEY HAVE A SUBSTANTIAL INTEREST. THE ORGANIZATION IS CURRENTLY IN THE PROCESS OF UPDATING ITS CONFLICT OF INTEREST POLICY WHICH WILL INCLUDE HAVING OFFICERS AND KEY EMPLOYEES SIGN AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE. ALL OFFICERS AND KEY EMPLOYEES ARE CURRENTLY REQUIRED TO NOTIFY THE BOARD OF DIRECTORS OF ANY FAMILY OR BUSINESS RELATIONSHIPS. THE BOARD ACTS AS A WHOLE IN MONITORING AND ENFORCING THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. SACA DEVELOPMENT CORPORATION 453 S LIME STREET STE A LANCASTER PA 17602 232364586 SERVICES LANCASTER COUNTY PENNSYLVANIA MINORITY COMMUNITY IN HOUSING PA 501(C)(3) LINE 7 SPANISH AMERICAN CIVIC ASSOCIATION 0 SPANISH AMERICAN CIVIC ASSOCIATION FOR EQUALITY INC 453 S LIME STREET STE A LANCASTER PA 17602 237319993 PROVIDES SERVICES TO MINORITIES AND LOW INCOME FAMILIES IN LANNCASTER, PA PA 501(C)(3) LINE 7 N/A 0 TEC CENTRO LTD 453 S LIME STREET STE B LANCASTER PA 17602 463698825 OPERATE A BILINGUAL TECHNICAL TRAINING SCHOOL IN THE INNER CITY OF LANCASTER PA 501(C)(3) LINE 12A, I SACA DEVELOPMENT CORPORATION 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0