2026-05-14T14:32:03-05:00 2025-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2024-07-01 232364586 SACA DEVELOPMENT CORPORATION SACA 7173976267 453 S LIME STREET A LANCASTER PA 17602 ROBERT FRANKHOUSER TREASURER 7173976267 2026-05-14 1 1 KERRI N BOGDA P00760402 7177404863 2026-05-13 2024 2025-03-06 01:10:19Z JOSE R LOPEZ 453 S LIME STREET A LANCASTER PA 17602 5473968 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 966908 2038127 2423084 2283925 61761 -818586 369857 380855 3821610 3884321 0 0 0 0 173884 242730 0 0 0 2537210 2485001 2711094 2727731 1110516 1156590 29214857 29611754 23076230 22316537 6138627 7295217 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 2492774 2283925 SACA DEVELOPMENT COMPLETED THE WELDING AND METAL FABRICATION TRAINING AREA FOR TEC CENTRO SOUTHWEST IN DECEMBER 2024. CLASSES STARTED IN THIS TRAINING AREA IN JANUARY 2025. CLASSES ARE IN PROGRESS AND EMPLOYERS CAN FIND NEW, WELL-TRAINED EMPLOYEES, THANKS TO THIS PROGRAM. SACA DEVELOPMENT REHABBED THREE HOMES AND RESOLD THREE SCATTERED SITE HOMES IN FY 24-25. AS OF JUNE 30, 2025, SDC STILL HAD ONE HOME ON THE MARKET FOR SALE. OUR PROJECT, DUKE STREET 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. SACA DEVELOPMENT WAS ABLE TO COMPLETE THE MAJORITY OF A REFRESH TO THE APARTMENTS AT GENERAL CIGAR PLACE. THE RENOVATIONS INCLUDED THE USE OF ARPA FUNDS TO COMPLETE THE PROJECT. NEW FLOORING, APPLIANCES, BATHROOM REMODELS AND PAINTING WERE COMPLETED FOR EACH APARTMENT. THIS PROJECT ALSO INCLUDED UPDATING THE FLOORING AND WALLS OF THE HALLWAYS AND COMMON AREAS. SACA DEVELOPMENT ALSO COMPLETED RENOVATIONS FOR THEIR PROPERTY AT 50 E. NEW ST. THIS INCLUDED NEW FLOORING, PAINTING, AND A KITCHEN REMODEL. THE BATHROOMS WERE ALL UPDATED AS WELL. 2492774 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 0 214536 48950 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 BOARD MEMBER 1.00 39.00 X 0 0 0 DARIO SANCHEZ BOARD MEMBER 1.00 0.00 X 0 0 0 ALBERT GONZALEZ BOARD MEMBER 1.00 0.00 X 0 0 0 RYAN ELLIS CFO (AS OF 09/24) 25.00 15.00 X 0 33552 0 ROSA GRAUPERA CFO (UNTIL 12/24) 25.00 15.00 X 0 132902 55053 JOSE COLON VP PROPERTY MANAGEMENT 40.00 0.00 X 107282 0 19752 107282 380990 123755 1 0 1 0 0 31500 1701683 304944 2038127 RENT 531110 2273827 2273827 MANAGEMENT FEE 531110 10098 10098 2283925 86088 86088 684973 1589647 -904674 -904674 -904674 REIMBURSEMENTS 531110 365365 365365 REPLACEMENT RESERVE 531110 5505 5505 INSURANCE CLAIMS 531110 4942 4942 5043 5043 380855 3884321 2283925 0 -437731 195114 195114 8478 8478 35285 35285 3853 3853 33148 33148 63349 63349 151752 144205 7547 29144 4859 24285 343202 301734 41468 2831 2831 750192 750192 470116 470116 67098 60161 6937 REPAIRS & MAINTENANCE 304382 304382 PROGRAM COSTS 201526 201526 MISCELLANEOUS EXPENSES 31137 18 31119 REPLACEMENT RESERVE EXP 25400 25400 11724 10020 1704 2727731 2492774 234957 0 527963 359656 2576489 1648578 20000 10000 1314602 2190786 5794809 5866483 14290 13237 22684927 4196367 18640933 18488560 325771 1034454 29214857 29611754 1414515 664828 1882707 1327039 19436470 19793758 342538 530912 23076230 22316537 X 6138627 7295217 6138627 7295217 29214857 29611754 1156590 0 X 0 1 X 1 1 1 X 623402 1961274 4323427 966908 2038127 9913138 623402 1961274 4323427 966908 2038127 9913138 956672 8956466 136196 118102 143669 217982 86088 702037 9445 42756 227175 369857 380855 1030088 11645263 7146162 0.76910 0.76350 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2020 AMOUNT: $ 1,456. 2021 AMOUNT: $ 9,504. 2022 AMOUNT: $ 1,330. 2023 AMOUNT: $ 3,388. 2024 AMOUNT: $ 5,043. INSURANCE REFUND - 2020 AMOUNT: $ 7,989. 2021 AMOUNT: $ 6,538. 2022 AMOUNT: $ 35,594. 2024 AMOUNT: $ 4,942. REIMBURSEMENTS - 2021 AMOUNT: $ 18,386. 2022 AMOUNT: $ 171,532. 2023 AMOUNT: $ 349,883. 2024 AMOUNT: $ 365,365. HOA FEES - 2021 AMOUNT: $ 8,328. REPLACEMENT RESERVE - 2022 AMOUNT: $ 18,719. 2023 AMOUNT: $ 16,586. 2024 AMOUNT: $ 5,505. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1315859 1315859 16812547 4168780 12643767 34049 27587 6462 4522472 4522472 18488560 SECURITY DEPOSITS 2190 DUE TO AFFILIATE 528722 530912 4084321 200000 200000 3884321 0 3884321 2927731 200000 200000 2727731 0 2727731 X X X 0 0 0 0 0 0 0 0 0 JOSE R LOPEZ PRESIDENT/CEO 0 214536 0 0 0 0 0 6720 0 42230 0 263486 0 0 ROSA GRAUPERA CFO (UNTIL 12/24) 0 132902 0 0 0 0 0 5868 0 49185 0 187955 0 0 FORM 990, PART VI, SECTION A, LINE 2 CARLOS GRAUPERA, FORMER PRESIDENT AND CURRENT BOARD MEMBER, AND ROSA GRAUPERA, CHIEF FINANCIAL OFFICER (RETIRED DECEMBER 2024) FOR THE ORGANIZATION, HAVE A FAMILY RELATIONSHIP. ROSA REPORTED DIRECTLY TO THE BOARD TREASURER. CARLOS DID NOT DIRECTLY OVERSEE ROSA NOR WAS 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 -256046 3940871 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 -256046 2022279 SACA DEVELOPMENT CORPORATION INC CONESTOGA NORTH LLC 453 S LIME STREET SUITE A LANCASTER PA 17602 810870179 REAL ESTATE INVESTMENT PA -42610 177469 SACA DEVELOPMENT CORPORATION INC TEC CENTRO SOUTHWEST LTD 453 S LIME STREET SUITE A LANCASTER PA 17602 MULTILINGUAL TRAINING PA 1238164 9520047 SACA DEVELOPMENT CORPORATION INC DUKE STREET PLAZA LLC 453 S LIME STREET SUITE A LANCASTER PA 17602 REAL ESTATE INVESTMENT PA -137291 1076808 SACA DEVELOPMENT CORPORATION INC TEC CENTRO SERVICES 453 S LIME STREET SUITE A LANCASTER PA 17602 MULTILINGUAL TRAINING PA 175114 5785051 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 AIDS 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 DEVELOPS AND OPERATES 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 720650 1920158 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 17641 927903 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 738291 774337 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