Spanish Speaking Elderly Council - Raices Inc
- Assets
- $947.9k
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 42
- Location
- Brooklyn, NY
- Founding
- 03/1988
- Data as of
- 06/2022
- EIN
- 11-2730462
Organization Overview
Spanish Speaking Elderly Council - Raices Inc is located in Brooklyn, NY. The organization was established in 1988. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Spanish Speaking Elderly Council - Raices Inc employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spanish Speaking Elderly Council - Raices Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Spanish Speaking Elderly Council - Raices Inc generated $3.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $3.2m during the year ending 06/2022. While expenses have increased by 1.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CASE ASSISTANCE INFORMATION AND OUTREACH SERVICES IN RESPONSE TO THE NEEDS OF HISPANICS AND OTHER LOW-INCOME SENIORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SPANISH SPEAKING ELDERLY COUNCIL-RAICES (RAICES) THROUGH ITS NINE (9) SENIOR CENTERS, ITS OUTPATIENT MENTAL HEALTH CLINIC AND THE RAICES ACCESS PROGRAM PROVIDES CONGREGATE BREAKFASTS, CONGREGATE LUNCH, CASE ASSISTANCE, NUTRITION EDUCATION, EDUCATIONAL AND RECREATIONAL ACTIVITIES, CELEBRATION OF CULTURAL EVENTS, HEALTH PROMOTION, OUTREACH SERVICES, BENEFIT AND ENTITLEMENT COUNSELING, MENTAL HEALTH INTERVENTION, AND OTHER SOCIAL SERVICES, TO APPROXIMATELY 2,125 HISPANIC, BLACK AND LOW INCOME PARTICIPANTS ON A YEARLY BASIS. THROUGH THESE SERVICES IN FISCAL YEAR 2022, RAICES PROVIDED 4,482 CASE ASSISTANCE AND 9,659 INFORMATION AND REFERRAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisette Sosa-Dickson Executive Director | Officer | 40 | $134,503 |
Yvonne Cotto Associate Director | 40 | $102,233 | |
Dr Nancy Talavera MD Chairperson Until Aug 2021 | OfficerTrustee | 2 | $0 |
Rose Gaynus Secretary | OfficerTrustee | 2 | $0 |
Damaris Santiago Chairperson | OfficerTrustee | 2 | $0 |
Edwin Salas Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,066,215 |
| All other contributions, gifts, grants, and similar amounts not included above | $145,207 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,211,422 |
| Total Program Service Revenue | $87,302 |
| Investment income | $135 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,320,048 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $177,118 |
| Compensation of current officers, directors, key employees. | $77,283 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,275,554 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $258,886 |
| Payroll taxes | $140,960 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,380 |
| Fees for services: Accounting | $175,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $205,326 |
| Advertising and promotion | $2,379 |
| Office expenses | $217,866 |
| Information technology | $63,178 |
| Royalties | $0 |
| Occupancy | $315,773 |
| Travel | $13,626 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,249 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $21,360 |
| All other expenses | $0 |
| Total functional expenses | $3,217,183 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $489,405 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $458,450 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $947,855 |
| Accounts payable and accrued expenses | $258,291 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $409,381 |
| Total liabilities | $667,672 |
| Net assets without donor restrictions | $280,183 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $947,855 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Spanish Speaking Elderly Council - Raices Inc has recieved totaling $202.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $202 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Japan Society Inc New York, NY | $91,776,832 | $10,515,982 |
Kutztown University Foundation Kutztown, PA | $74,779,996 | $14,561,087 |
French Institute-Alliance Francaise New York, NY | $24,965,114 | $8,095,199 |
Center For Jewish History Inc New York, NY | $52,466,984 | $9,804,079 |
Japanese Childrens Society Inc Englewood Cliffs, NJ | $6,760,346 | $7,633,011 |
National Yiddish Book Center Inc Amherst, MA | $63,979,400 | $12,290,218 |
Hispanic Society Of America New York, NY | $100,790,486 | $5,124,176 |
Columbus Citizens Foundation Inc New York, NY | $32,932,983 | $6,043,809 |
Swiss Institute New York, NY | $5,483,468 | $4,486,430 |
Greater Philadelphia Falun Dafa Association Philadelphia, PA | $1,063,316 | $4,579,656 |
The Workmens Circle Arbeter Ring Incorporated New York, NY | $40,155,204 | $3,248,855 |
An Claidheamh Soluis Inc New York, NY | $72,072,476 | $13,153,865 |