Central American Resource Center- Carecen
- Assets
- $2.7m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 30
- Location
- Washington, DC
- Founding
- 02/1983
- Data as of
- 12/2023
- EIN
- 52-1271888
Organization Overview
Central American Resource Center- Carecen is located in Washington, DC. The organization was established in 1983. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. As of 12/2023, Central American Resource Center- Carecen employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central American Resource Center- Carecen 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 12/2023, Central American Resource Center- Carecen generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $2.7m during the year ending 12/2023. While expenses have increased by 13.4% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER THE COMPREHENSIVE DEVELOPMENT OF THE LATINO POPULATION/COMMUNITY IN THE WASHINGTON METROPOLITAN REGION BY PROVIDING DIRECT SERVICES WHILE PROMOTING GRASSROOTS EMPOWERMENT, CIVIL ENGAGEMENT, AND HUMAN RIGHTS ADVOCACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING - PROVIDES TECHNICAL ASSISTANCE TO RESIDENTS IN FORMING TENANT ASSOCIATIONS AS WELL AS COMPREHENSIVE HOUSING COUNSELING, FINANCIAL LITERACY AND CREDIT COUNSELING, PRE-PURCHASE AND FORECLOSURE PREVENTION COUNSELING, AS WELL AS PARALEGAL ASSITANCE IN TENANT/LANDLORD ISSUES.
LEGAL AND COUNSELING - PROVIDES ASSISTANCE TO IMMIGRANTS IN COMPLETING A VARIETY OF APPLICATIONS INCLUDING FAMILY PETITIONS, ADJUSTMENT OF LEGAL STATUS, WORK PERMITS, CONSULATE PROCESSING, ASYLUM AND CITIZENSHIP.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melecio Eduardo Rivera President | OfficerTrustee | 3 | $0 |
Rosemarie Salguero Vice-President | OfficerTrustee | 3 | $0 |
Kirsten E Keating Secretary | OfficerTrustee | 3 | $0 |
Gabriela Colocho Treasurer | OfficerTrustee | 3 | $0 |
Ricardo E Campos Board Member | Trustee | 1 | $0 |
Alicia Criado Hampshire Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $6,333 |
| Membership dues | $0 |
| Fundraising events | $25,254 |
| Related organizations | $0 |
| Government grants | $1,554,529 |
| All other contributions, gifts, grants, and similar amounts not included above | $969,683 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,555,799 |
| Total Program Service Revenue | $266,234 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$4,256 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,822,577 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,299 |
| 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. | $113,420 |
| Compensation of current officers, directors, key employees. | $15,052 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,373,856 |
| Pension plan accruals and contributions | $11,114 |
| Other employee benefits | $130,168 |
| Payroll taxes | $126,969 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $342,937 |
| Advertising and promotion | $2,525 |
| Office expenses | $77,263 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $57,314 |
| Travel | $32,490 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $184 |
| Interest | $14,559 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $41,887 |
| Insurance | $10,958 |
| All other expenses | $23,838 |
| Total functional expenses | $2,662,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,419,819 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $488,724 |
| Accounts receivable, net | $18,565 |
| 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 | $721,508 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,778 |
| Total assets | $2,660,394 |
| Accounts payable and accrued expenses | $86,671 |
| 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 | $201,355 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,778 |
| Total liabilities | $299,804 |
| Net assets without donor restrictions | $2,340,590 |
| Net assets with donor restrictions | $20,000 |
| 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 | $2,660,394 |