2025-05-15T13:09:53-05:00 2024-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2023-07-01 232364586 SACA DEVELOPMENT CORPORATION SACA 7173976267 453 S LIME STREET A LANCASTER PA 17602 ROBERT FRANKHOUSER TREASURER 7173976267 2025-05-14 1 1 KERRI N BOGDA CPA P00760402 7177404863 2025-04-30 2023 2025-03-06 01:10:19Z JOSE R LOPEZ 453 S LIME STREET A LANCASTER PA 17602 4505431 0 X WWW.SACAPA.ORG X 1984 PA TO PROVIDE AFFORDABLE HOUSING OPTIONS TO LOW TO MODERATE INCOME FAMILIES. 10 8 12 8 0 0 4323427 966908 1114009 2423084 -153383 61761 227175 369857 5511228 3821610 0 0 0 0 274214 173884 0 0 0 4649855 2537210 4924069 2711094 587159 1110516 28151683 29214857 23211802 23076230 4939881 6138627 X THE CORPORATION IS FORMED TO:1) PURCHASE, CONSTRUCT, REHABILITATE, OWN, REPAIR, MAINTAIN, LEASE AND RELEASE HOUSING IN BLIGHTED OR ECONOMICALLY OR SOCIALLY DEPRESSED AREAS OF THE COUNTY OF LANCASTER, PENNSYLVANIA.2) LESSEN THE BURDENS OF GOVERNMENT BY MAKING DECENT, AFFORDABLE HOUSING AVAILABLE IN AREAS WHERE GOVERNMENT AND PROFIT-MAKING BUSINESSES TRADITIONALLY HAVE FAILED TO DO SO AND TO PROVIDE SUCH HOUSING ON A NON-PROFIT BASIS AND WHEREVER ECONOMICALLY POSSIBLE, AT RENTS BELOW MARKET RATES AND AT PRICES AFFORDABLE TO LOW AND MODERATE INCOME PERSONS3) TO ENCOURAGE COMMUNITY IMPROVEMENT AND TO PROVIDE TRAINING AND INCREASED EMPLOYMENT OPPORTUNITIES FOR ECONOMICALLY AND SOCIALLY DISADVANTAGED MEMBERS OF LOW AND MODERATE INCOME FAMILIES, AND4) IN FURTHERANCE OF THE FOREGOING, TO DO ALL OTHER ACTIVITIES AND THINGS WHICH NON-PROFIT CORPORATIONS ARE LEGALLY AUTHORIZED TO DO. 0 0 2435737 0 2423084 SACA DEVELOPMENT HAS EXPANDED OUR WORKFORCE DEVELOPMENT EFFORTS, NOW AT 2 LOCATIONS: TEC CENTRO EAST AND TEC CENTRO SOUTHWEST. THE TEC CENTRO SOUTHWEST FACILITY RECEIVED NEW MARKET TAX CREDITS FOR THE ORGANIZATION TO COMPLETE A TOTAL RENOVATION OF THE FACILITY. THE RENOVATIONS AT TEC CENTRO SOUTHWEST WERE COMPLETED BY JUNE 30, 2024. IN ADDITION, FUNDING TO COMPLETE A WELDING AND METAL FABRICATION TRAINING AREA WAS IN PLACE AND WORK WAS SLATED TO COMMENCE IN AUGUST 2024, ANTICIPATED TO BE COMPLETED BY LATE NOVEMBER 2024, WITH CLASSES TO START IN THIS TRAINING AREA IN JANUARY 2025. CLASSES ARE IN PROGRESS AND EMPLOYERS ARE FINDING NEW, WELL-TRAINED EMPLOYEES.WE ALSO CONTINUE TO REHABILITATE SCATTERED SITE HOMES THROUGHOUT THE CITY TO SELL TO LOW TO MODERATE INCOME HOMEBUYERS. OUR PROJECT, DUKE PLAZA, CONTINUES TO BE IN THE PRE-DEVELOPMENT PHASE BUT WHEN COMPLETED WILL PROVIDE ONE STANDALONE BANK BRANCH AND A FOUR-STORY MIXED-USE BUILDING WITH RETAIL AND PROFESSIONAL OFFICES ON THE GROUND LEVEL WITH THE 2ND, 3RD AND 4TH LEVELS CONSISTING OF 48 APARTMENTS LOCATED WITHIN THE SOUTHEAST AREA OF THE CITY. 2435737 1 1 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 1 1 0 0 0 1 1 0 12 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 8 1 1 0 0 0 1 0 1 1 0 0 1 1 0 1 1 1 1 1 0 PA X RYAN ELLIS CFO 7172957987 453 S LIME STREET SUITE A LANCASTER PA 17602 JOSE R LOPEZ PRESIDENT/CEO 22.00 18.00 X X 20160 136719 20193 JODIE RICHARDSON BOARD CHAIR 1.00 0.00 X X 0 0 0 TED DARCUS VICE CHAIR 1.00 0.00 X X 0 0 0 ROBERT FRANKHOUSER JR TREASURER 1.00 0.00 X X 0 0 0 MIRIAM ORTEGA SECRETARY 1.00 0.00 X X 0 0 0 CARLOS GRAUPERA CEO (UNTIL 6/23)/BOARD MEMBER 22.00 18.00 X X 62752 62752 36548 DARIO SANCHEZ BOARD MEMBER 1.00 0.00 X 0 0 0 ALBERT GONZALEZ BOARD MEMBER 1.00 0.00 X 0 0 0 JIM KLINE BOARD MEMBER 1.00 0.00 X 0 0 0 MELANIE BATISTA BOARD MEMBER 1.00 0.00 X 0 0 0 GLADYS DELGADO BOARD MEMBER (UNTIL XX/XX) 1.00 0.00 X 0 0 0 ROSA GRAUPERA CFO 25.00 15.00 X 0 112533 14662 JOSE COLON VP PROPERTY MANAGEMENT 40.00 0.00 X 100274 0 14103 183186 312004 85506 1 0 1 0 0 38363 690517 238028 966908 RENT 531110 2378927 2378927 MANAGEMENT FEE 531110 44157 44157 2423084 217982 217982 527600 683821 -156221 -156221 -156221 REIMBURSEMENTS 531110 349883 349883 REPLACEMENT RESERVE 531110 16586 16586 MISCELLANEOUS REVENUE 531110 3388 3388 369857 3821610 2423084 0 431618 113026 113026 9573 9573 42639 42639 8646 8646 30770 30770 66881 66881 253125 244433 8692 18912 4874 14038 319165 269261 49904 3321 3321 636874 636874 444600 444600 60400 54610 5790 REPAIRS & MAINTENANCE 430542 430542 PROGRAM COSTS 173338 173338 MISCELLANEOUS EXPENSES 46384 46384 REPLACEMENT RESERVE EXP 21626 21626 31272 31272 2711094 2435737 275357 0 250399 527963 3778099 2576489 30000 20000 1675272 1314602 10388223 5794809 15970 14290 22481049 3840116 12622700 18640933 -608980 325771 28151683 29214857 937258 1414515 977758 1882707 20324761 19436470 972025 342538 23211802 23076230 X 4939881 6138627 4939881 6138627 28151683 29214857 1110516 88230 0 X 0 1 X 1 1 1 X 233756 623402 1961274 4323427 966908 8108767 233756 623402 1961274 4323427 966908 8108767 843383 7265384 136196 136196 118102 143669 217982 752145 5831 9445 42756 227175 369857 655064 9515976 6614262 0.76350 0.79560 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2019 AMOUNT: $ 54. 2020 AMOUNT: $ 1,456. 2021 AMOUNT: $ 9,504. 2022 AMOUNT: $ 1,330. 2023 AMOUNT: $ 3,388. INSURANCE REFUND - 2019 AMOUNT: $ 5,777. 2020 AMOUNT: $ 7,989. 2021 AMOUNT: $ 6,538. 2022 AMOUNT: $ 35,594. REIMBURSEMENTS - 2021 AMOUNT: $ 18,386. 2022 AMOUNT: $ 171,532. 2023 AMOUNT: $ 349,883. HOA FEES - 2021 AMOUNT: $ 8,328. REPLACEMENT RESERVE - 2022 AMOUNT: $ 18,719. 2023 AMOUNT: $ 16,586. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1415281 1415281 16640144 3817090 12823054 31926 23026 8900 4393698 4393698 18640933 SECURITY DEPOSITS 2190 DUE TO AFFILIATE 340348 342538 4029840 120000 88230 208230 3821610 0 3821610 2831094 120000 120000 2711094 0 2711094 PART XI, LINE 2D - OTHER ADJUSTMENTS: PRIOR PERIOD ADJUSTMENTS 88,230. X X X 0 1 0 0 0 0 0 0 0 JOSE R LOPEZ PRESIDENT/CEO 20160 136719 0 0 0 0 2491 7472 1315 8915 23966 153106 0 0 CARLOS GRAUPERA CEO (UNTIL 6/23)/BOARD MEMBER 62752 62752 0 0 0 0 15688 15688 2586 2586 81026 81026 0 0 PART I, LINE 4B JOSE R. LOPEZ RECEIVED A 25% SEVERANCE PAYMENT FROM SACA DEVELOPMENT CORPORATION OF $8,400, WITH THE REMAINING 75% COMING FROM SACA. FORM 990, PART VI, SECTION A, LINE 2 CARLOS GRAUPERA, FORMER PRESIDENT AND CURRENT BOARD MEMBER, AND ROSA GRAUPERA, CHIEF FINANCIAL OFFICER FOR THE ORGANIZATION, HAVE A FAMILY RELATIONSHIP. ROSA REPORTS DIRECTLY TO THE BOARD TREASURER. CARLOS DOES NOT DIRECTLY OVERSEE ROSA NOR IS HE INVOLVED IN DETERMINING HER COMPENSATION. FORM 990, PART VI, SECTION A, LINE 3 THE SPANISH AMERICAN CIVIC ASSOCIATION FOR EQUALITY, INC. (SACA) PROVIDES MANAGEMENT SERVICES TO THE FILING ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF SACA DEVELOPMENT CORPORATION'S PARENT COMPANY, THE SPANISH AMERICAN CIVIC ASSOCIATION FOR EQUALITY, INC., MUST APPROVE ALL NEW BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT PERFORMS AN INITIAL REVIEW OF THE RETURN. ONCE APPROVED, THE FINAL FORM 990 IS SENT OUT 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 HAS A CONFLICT OF INTEREST POLICY THAT 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 B, LINE 15 THE BOARD OF DIRECTORS EVALUATES AND SETS COMPENSATION FOR THE CEO AND CFO. EVERY FOUR TO FIVE YEARS THE BOARD WILL BENCHMARK THE CEO'S SALARY AGAINST OTHER, SIMILAR NON-PROFIT ORGANIZATIONS TO CONFIRM THE SALARY IS WITHIN FAIR MARKET VALUE RANGE. DISCUSSIONS ON COMPENSATION ARE HELD IN CLOSED SESSION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. CONESTOGA PLAZA LP 453 S LIME STREET SUITE A LANCASTER PA 17602 412273675 OWNS PROPERTY FOR DEVELOPMENT PA -194697 4135434 SACA DEVELOPMENT CORPORATION INC CONESTOGA PLAZA DEVELOPMENT LLC 453 S LIME STREET SUITE A LANCASTER PA 17602 412273670 GENERAL PARTNER IN CONESTOGA PLAZA, L.P. PA -194697 2278325 SACA DEVELOPMENT CORPORATION INC CONESTOGA NORTH LLC 453 S LIME STREET SUITE A LANCASTER PA 17602 810870179 REAL ESTATE INVESTMENT PA 209476 223577 SACA DEVELOPMENT CORPORATION INC TEC CENTRO SOUTHWEST LTD 453 S LIME STREET SUITE A LANCASTER PA 17602 MULTILINGUAL TRAINING PA 248380 8580150 SACA DEVELOPMENT CORPORATION INC DUKE STREET PLAZA LLC 453 S LIME STREET SUITE A LANCASTER PA 17602 REAL ESTATE INVESTMENT PA -63230 1034244 SACA DEVELOPMENT CORPORATION INC TEC CENTRO SERVICES 453 S LIME STREET SUITE A LANCASTER PA 17602 MULTILINGUAL TRAINING PA 167914 5712937 SACA DEVELOPMENT CORPORATION INC SPANISH AMERICAN CIVIC ASSOCIATION FOR EQUALITY INC 453 SOUTH LIME STREET SUITE A LANCASTER PA 17602 237319993 PROVIDES SERVICES TO MINORITIES AND LOW INCOME FAMILIES IN LANCASTER, PA PA 501(C)(3) LINE 7 N/A 0 CENTRO LANCASTER LTD 453 SOUTH LIME STREET SUITE B LANCASTER PA 17603 813782414 AID THE DEVELOPMENT OF CONESTOGA RIVER PLAZA PA 501(C)(3) LINE 12A, I SACA DEVELOPMENT CORPORATION INC 1 TEC CENTRO LTD 453 SOUTH LIME STREET SUITE A LANCASTER PA 17602 463698825 DEVELOP AND OPERATE A BILINGUAL TECHNICAL TRAINING SCHOOL PA 501(C)(3) LINE 12A, I SACA DEVELOPMENT CORPORATION INC 1 TEC CENTRO FOUNDATION 221 E CHESTNUT ST LANCASTER PA 17602 473271186 SUPPORTING ORGANIZATION TO SACA PA 501(C)(3) LINE 12A, I SACA 0 TEC CENTRO WORKFORCE NETWORK 453 SOUTH LIME STREET SUITE A LANCASTER PA 17602 920577176 WORKFORCE TRAINING CENTER PA 501(C)(3) LINE 10 SACA DEVELOPMENT CORPORATION INC 1 THE APARTMENTS AT GENERAL CIGAR PLACE 453 SOUTH LIME STREET LANCASTER PA 17602 233025050 30 UNIT APARTMENT BUILDING PA SACA DEVELOPMENT CORPORATION INC RELATED -154637 1976994 0 0 0.00010 THE SHOPS AT GENERAL CIGAR PLACE 453 SOUTH LIME STREET LANCASTER PA 17602 233033139 RENTING COMMERCIAL SPACE TO NON-PROFIT ENTITIES PA SACA DEVELOPMENT CORPORATION INC RELATED 6356 938549 0 0 0.00010 GENERAL CIGAR PLACE INC 453 S LIME STREET SUITE A LANCASTER PA 17602 233060744 PROPERTY MANAGEMENT PA SACA DEVELOPMENT CORPORATION INC C -148281 36046 1.00000 1 0 0 1 1 1 0 0 0 0 1 0 0 0 1 1 1 1 1 0 THE APARTMENTS AT GENERAL CIGAR PLACE D 193000 COST THE SHOPPES AT GENERAL CIGAR PLACE D 92633 COST CONESTOGA PLAZA LP E 171286 COST THE SHOPPES AT GENERAL CIGAR PLACE E 369093 COST