2026-05-11T15:48:42-05:00 2025-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2025-01-01 237090081 INQUILINOS BORICUAS EN ACCION INC INQU 6179271707 85 W NEWTON STREET BOSTON MA 02118 VANESSA CALDERON-ROSADO CHIEF EXECUTIVE OFFICER 6179271707 2026-05-11 1 MATTHEW HUTT CPA P01070603 5083669100 2026-05-11 2025 2025-03-06 01:10:19Z X VANESSA CALDERON-ROSADO 85 W NEWTON STREET BOSTON MA 02118 59295059 0 X WWW.IBABOSTON.ORG X 1968 MA INQUILINOS BORICUAS EN ACCION (IBA) EMPOWERS AND ENGAGES INDIVIDUALS AND FAMILIES TO IMPROVE THEIR LIVES THROUGH HIGH-QUALITY AFFORDABLE HOUSING, EDUCATION AND ARTS PROGRAMS. 14 14 54 19 0 0 7728747 7504505 19642420 21272462 4130554 4476257 129206 40289 31630927 33293513 0 3592204 0 0 6472226 6627949 0 0 724783 15773891 16099349 22246117 26319502 9384810 6974011 250278381 260977144 110835218 107693760 139443163 153283384 X INQUILINOS BORICUAS EN ACCION (IBA) EMPOWERS AND ENGAGES INDIVIDUALS AND FAMILY TO IMPROVE THEIR LIVES THROUGH HIGH-QUALITY AFFORDABLE HOUSING, EDUCATION, AND ARTS PROGRAMS. 0 0 17952276 3592204 18720102 IBA IS A NON-PROFIT OWNER AND DEVELOPER OF AFFORDABLE HOUSING. THE MAIN GOAL IS TO PROVIDE AN AFFORDABLE, SAFE AND HEALTHY ENVIRONMENT THAT PROMOTES THE HIGHEST QUALITY OF LIFE FOR LOW AND MODERATE-INCOME FAMILIES AND ELDERS. IBA ALSO SUPPORT FAMILIES THAT ARE AT RISK OF LOSING THEIR HOMESBY HELPING THEM RETAIN THEIR HOUSING THROUGH DIFFERENT SERVICES THAT INCLUDE: COUNSELING, CASE MANAGEMENT AND ADVOCACY. 1901537 204156 EARLY EDUCATION PROGRAM - OUR APPROACH GOES WELL BEYOND TESTING SCORES, IT FOCUSES ON SKILLS DEVELOPMENT, SUCH AS INCLUSION, ADAPTABILITY, CREATIVITY, CRITICAL THINKING AND INDEPENDENCE. OUR DEDICATED TEACHERS AND STAFF NURTURE EACH CHILD'S CREATIVITY AND INDIVIDUALITY, RECOGNIZING THESE SKILLS TO BE JUST AS IMPORTANT AS THE ACADEMIC SKILLS THEY NEED TO SUCCEED. ALL OF OUR STUDENTS GRADUATE PREPARED FOR KINDERGARTEN - THEY LEAVE US READY TO READ, WITH STRENGTHENED BILINGUAL SKILLS, AND WITH THE KNOWLEDGE THAT WILL SERVE THEM TO BECOME VALUED MEMBERS OF THEIR SOCIETY. OUR PROGRAM FOCUSES ON 5 CORE VALUES TO EDUCATE YOUR CHILD FOR FUTURE SUCCESS;SOCIO-EMOTIONAL SKILLS, LITERACY SKILLS, LEARNING SKILLS, COGNITIVE DEVELOPMENT, AND FINE AND GROSS MOTOR DEVELOPMENT. 1434675 803419 REAL ESTATE MANAGEMENT - NON-PROFIT OWNER AND DEVELOPER OF AFFORDABLE HOUSING. THE MAIN GOAL IS TO PROVIDE AN AFFORDABLE, SAFE AND HEALTHY ENVIRONMENT THAT PROMOTES THE HIGHEST QUALITY OF LIFE FOR LOW AND MODERATE-INCOME FAMILIES AND ELDERS. IBA OWNS A RENTAL HOUSING PORFOLIO OF 667 AFFORDABLE UNITS. 587157 47995 ARTS - THE LARGEST LATINO ARTS CENTER IN NEW ENGLAND, IBA PRESENTS CONCERTS, FESTIVALS, EXHIBITS AND OTHER HIGH QUALITY PROGRAMMING THAT IS AFFORDABLE ACCESSIBLE, AND INNOVATIVE. 978031 YOUTH DEVELOPMENT PROGRAM FOSTERS SOCIO-EMOTIONAL, INTELLECTUAL AND ARTISTIC GROWTH IN YOUNG PEOPLE BETWEEN 14 AND 19 YEARS OLD, WHILE HELPING THEM DEVELOP 21ST CENTURY SKILLS TO BE SUCCESSFUL IN LIFE. 785079 RESIDENT SERVICES PROGRAM WORKS TO EMPOWER RESIDENTS OF THE VILLA VICTORIA AFFORDABLE HOUSING COMMUNITY WITH A PARTICULAR FOCUS ON THE COMMUNITY'S SENIORS, WE PROMOTE LIVING AN A MORE ACTIVE AND FULFILLING LIFE. USING A CULTURALLY RESPONSIVE APPROACH, OUR CARING AND BILINGUAL TEAM HELPS RESIDENTS:MEET BASIC NEEDS THROUGH ADVOCACY, CASE MANAGEMENT AND REFERRALS. KEEP ACTIVE AND CONNECTED TO THE COMMUNITY THROUGH SOCIAL, RECREATIONAL, AND CULTURAL PROGRAMMING. BOOST HEALTH AND WELLNESS THROUGH FITNESS/EXERCISE CLASSES, WORKSHOPS AND HEALTH SCREENINGS. 452844 FINANCIAL EMPOWERMENT PROGRAM SUPPORTS ITS COMMUNITY IN ACHIEVING FINANCIAL STABILITY BY PROVIDING ACCESSIBLE, BILINGUAL FINANCIAL EDUCATION PROGRAMMING AND PERSONALIZED FINANCIAL COACHING. THE FINANCIAL EMPOWERMENT PROGRAM OFFERS BOTH ONE-ON-ONE FINANCIAL COACHING AND GROUP FINANCIAL EDUCATION CLASSES THAT COVER TOPICS SUCH AS BUDGETING, MANAGING LOANS, BUILDING CREDIT, OPENING A BANK ACCOUNT, SAVINGS AND ELIMINATING DEBT. 1671016 REAL ESTATE DEVELOPMENT 2803111 1719011 24091599 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 130 0 1 54 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X MAYRA NEGRON-ROCHE 6179271767 85 W NEWTON STREET BOSTON MA 02118 MARIA VASALLO PRESIDENT 0.20 0.40 X X 0 0 0 JAVIER FLORES VICE PRESIDENT 0.20 0.40 X X 0 0 0 JENNIFER FAUTH TREASURER 0.20 0.40 X X 0 0 0 WENDY MELENDEZ CLERK 0.20 0.40 X X 0 0 0 KIRA TAFORO MEMBER 0.20 0.40 X 0 0 0 VADIM KUKSIN MEMBER 0.20 0.40 X 0 0 0 ROBERT GOLDSTEIN MEMBER 0.20 0.45 X 0 0 0 PATRICK GREENE MEMBER 0.20 0.40 X 0 0 0 ANDRES COLON MEMBER 0.20 0.40 X 0 0 0 JOSE FERNANDEZ MEMBER 0.20 0.40 X 0 0 0 SHARON BONET MEMBER 0.20 0.40 X 0 0 0 DIVYA MANI MEMBER 0.20 0.40 X 0 0 0 LAURIE GOULD MEMBER 0.20 0.45 X 0 0 0 IRIS SANCHEZ MEMBER 0.20 0.40 X 0 0 0 HECTOR CRUZ MEMBER (UNTIL 12/2025) 0.20 0.40 X 0 0 0 HECTOR COLON MEMBER (UNTIL 2025) 0.20 0.40 X 0 0 0 REINELDA RIVERA MEMBER (UNTIL 2025) 0.20 0.40 X 0 0 0 CINDY WILLIAMS MEMBER (UNTIL 2025) 0.20 0.40 X 0 0 0 MIGUEL VASQUEZ MEMBER (UNTIL 2025) 0.20 0.40 X 0 0 0 VANESSA CALDERON-ROSADO CHIEF EXECUTIVE OFFICER 34.40 0.60 X 331695 0 54303 MAYRA NEGRON-ROCHE CHIEF OPERATING OFFICER 34.40 0.60 X 284006 0 50975 RAFAEL PEREZ MEDINA CHIEF PROGRAM OFFICER (UNTIL 8/25) 35.00 X 176580 0 25150 XAVIER CHAVARRIA CHIEF HUMAN RESOURCES OFFICER 35.00 X 148000 0 14991 JASON DULONG FACILITIES DIRECTOR (UNTIL 12/25) 35.00 X 135552 0 13744 KARTHIKEYAN RAJU CONTROLLER 35.00 X 122697 0 28540 YAHAIRA OBJIO RESIDENT SERVICES PROGRAM DIR. 35.00 X 114094 0 22573 1312624 0 210276 7 0 1 0 WORKFLOW INTERIORS 132 CANAL STREET 2ND FLOOR BOSTON MA 02114 PROJECT MANAGEMENT SERVICES 440937 CAMBRIDGE TRUST WEALTH MANAGEMENT 125 HIGH STREET 9TH FLOOR BOSTON MA 02110 INVESTMENT MANAGER 425886 GALVIN TECHNOLOGIES INC 9745 RANDALL DRIVE SUITE 140 CARMEL IN 46280 SALESFORCE IMPLEMENTATION , DEVELOPMENT 353577 AUDIO SPECTRUM INC 50 MAZZEO DRIVE RANDOLPH MA 02368 AUDIO/VISUAL EQUIPMENT SERVICES 278226 THE CASTLE GROUP INC 38 THIRD AVENUE CHARLESTOWN MA 02129 MARKETING CONSULTANT 226760 7 84000 373620 1873500 5173385 7504505 RENTAL INCOME 531390 18720102 18720102 DEVELOPER FEES 531390 1671016 1671016 GROUND LEASE FEES 531390 436510 436510 PARTNERSHIP AND INCENTIVE MANAGEM 531390 240678 240678 PARENT AND OTHER FEES 624100 204156 204156 21272462 2514078 2514078 27829788 25867609 1962179 1962179 1962179 0 373620 133937 -133937 -133937 DEFERRED INTEREST 900099 126231 126231 OTHER INCOME 531390 47995 47995 174226 33293513 21446688 0 4342320 3592204 3592204 720979 297555 155776 267648 4258470 3681343 337890 239237 109083 88735 11205 9143 1142411 984237 116547 41627 397006 332393 36062 28551 447573 447573 50127 42423 7704 150674 45974 104700 644318 442581 104996 96741 233589 154790 77183 1616 152819 124481 14180 14158 9235474 9096067 129000 10407 188018 174444 13476 98 4090389 4072040 18349 MISCELLANEOUS 404882 63196 328341 13345 STIPENDS 192920 192920 SECURITY AND RESIDENT S 136320 135752 568 PROGRAM SUPPLIES 119092 105658 13154 280 53154 17233 33989 1932 26319502 24091599 1503120 724783 295592 1060495 17292562 17258767 12860231 13237658 15073229 14948432 477658 461390 140399677 42043814 100410983 98355863 95786372 109441407 2712595 2247766 5369159 3965366 250278381 260977144 1821872 2085202 11804139 11804139 96799598 93554419 409609 250000 110835218 107693760 X 123984279 134769110 15458884 18514274 139443163 153283384 250278381 260977144 X 6974011 10271340 -3405130 X X 0 1 X 1 1 1 X 4022313 6960724 3391150 7728747 7504505 29607439 4022313 6960724 3391150 7728747 7504505 29607439 2869445 26737994 1217095 1087115 1646101 2383745 2514078 8848134 2600000 2600000 41055573 75984455 0.65130 0.66050 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: SETTLEMENT FROM LAWSUIT - 2023 AMOUNT: $ 2,600,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 80398134 12200748 321209 92277673 66307286 2224965 11865883 80398134 55330653 825480 10151153 66307286 58584890 5399999 -8654236 55330653 45675189 5947337 6962364 58584890 1.00000 0 0 1416926 1416926 131671945 40559249 91112696 7310806 1484565 5826241 98355863 U.S. TREASURY BONDS 16421834 F CASH AND CASH EQUIVALENTS 7069502 F FIXED INCOME FUNDS 1072752 F EQUITIES 84877319 F 109441407 CONDITIONAL GRANT ADVANCE 250000 250000 X PART X, LINE 2: IBA AND AFFILIATES ACCOUNT FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE CONSOLIDATING FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. IBA AND AFFILIATES HAVE DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATING FINANCIAL STATEMENTS AT DECEMBER 31, 2025. IBA AND AFFILIATES' INCOME TAXES ARE SUBJECT TO EXAMINATION BY THE APPROPRIATE TAXING JURISDICTIONS. FESTIVAL BETANCES 373620 373620 5728 2823 125386 373620 373620 5728 2823 125386 133937 -133937 1 IBA REAL ESTATE SUPPORT CORPORATION 85 W NEWTON STREET BOSTON MA 02118 882578356 501(C)(3) 3582204 0 TO HELP FUND THE PROJECT IN DEVELOPMENT NATIONAL PUERTO RICAN AGENDA 2637 N 5TH STREET 3RD FLOOR PHILADELPHIA PA 19133 501(C)(3) 10000 0 OPERATING SUPPORT 2 PART I, LINE 2: IBA REAL ESTATE IS A RELATED ENTITY THAT IS CONTROLLED BY IBA. THEREFORE, IBA MONITORS THE USE OF GRANT FUNDS BY CONTROLLING THE FUNDS. X 0 0 0 0 0 0 0 0 0 VANESSA CALDERON-ROSADO CHIEF EXECUTIVE OFFICER 331695 0 0 0 0 0 26072 0 28231 0 385998 0 0 0 MAYRA NEGRON-ROCHE CHIEF OPERATING OFFICER 284006 0 0 0 0 0 22382 0 28593 0 334981 0 0 0 RAFAEL PEREZ MEDINA CHIEF PROGRAM OFFICER (UNTIL 8/25) 176580 0 0 0 0 0 9144 0 16006 0 201730 0 0 0 XAVIER CHAVARRIA CHIEF HUMAN RESOURCES OFFICER 148000 0 0 0 0 0 4190 0 10801 0 162991 0 0 0 KARTHIKEYAN RAJU CONTROLLER 122697 0 0 0 0 0 0 0 28540 0 151237 0 0 0 A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2024-03-15 12080000 TO FUND THE LOAN RECEIVABLE AS PART OF THE NMTC TRANSACTION 0 1 0 A 12080000 12080000 0 0 1 1 A 0 0 0 0 0 0 1 A 0 0 1 0 1 1 THE TORONTO-DOMINION 10.000000000000 0 0 0 0 1 A 1 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS DISTRIBUTED TO THE BOARD OF DIRECTORS FOR REVIEW. ONCE THE BOARD MEMBERS HAVE REVIEWED THE FORM 990, THEY VOTE FOR THE RETURN TO BE FILED. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST FORMS ARE SENT TO ALL BOARD MEMBERS AND MEMBERS OF MANAGEMENT. THE COO MONITORS COMPLETION OF THE REQUIRED DISCLOSURES. IN THE EVENT OF VOTE REGARDING A TRANSACTIONS WHERE A BOARD MEMBER HAS IDENTIFIED A CONFLICT OF INTEREST, THAT BOARD MEMBER IS NOT PRESENT IN THE DISCUSSION OR ALLOWED TO VOTE. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION FOR THE CEO IS DETERMINED BY THE BOARD OF DIRECTORS ANNUALLY. THE BOARD OF DIRECTORS ENTER INTO EXECUTIVE SESSION WHERE THEY REVIEW THE CEO'S PERFORMANCE AND BASED ON SAID REVIEW, DECIDE ON A COMPENSATION FOR THE UPCOMING YEAR. THE COMPENSATION FOR OTHER OFFICERS WITHIN THE ORGANIZATION IS DETERMINED BY THE CEO ANNUALLY IN DECEMBER FOR THE UPCOMING YEAR. THE CEO CONDUCTS A PERFORMANCE REVIEW, WHICH IS REVIEWED WITH THE APPLICABLE OFFICER AND BASED ON SAID REVEW A COMPENSATION ADJUSTMENT IS AWARDED BY THE CEO FOR THE NEXT CALENDAR YEAR. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE AVAILABLE ON ANOTHER'S WEBSITE, AS WELL AS UPON REQUEST. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: PROVISION AGAINST DUE FROM AFFILIATES -1,153,669. COMMON CONTROL TRANSFER OF ASSETS -2,173,150. TRANSFER TO AFFILIATE -78,311. FORM 990, PART XII, LINE 2C: THE FINANCE COMMITTEE OVERSEES THE AUDIT AND ENGAGES THE INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 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