Hombre Nuevo
- Assets
- $8.5m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 24
- Location
- El Monte, CA
- Founding
- 10/1994
- Data as of
- 12/2022
- EIN
- 77-0201619
Organization Overview
Hombre Nuevo is located in El Monte, CA. The organization was established in 1994. According to its NTEE Classification (A34) the organization is classified as: Radio, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Hombre Nuevo employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hombre Nuevo 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 12/2022, Hombre Nuevo generated $5.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $5.8m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO PROMOTE THE TEACHING OF CHRISTIANITY THROUGH ADVANCED COMMUNICATIONS TECHNOLOGY.
Describe the Organization's Program Activity:
HOMBRE NUEVO, A CATHOLIC MULTIMEDIA CENTER, PRODUCES RADIO PROGRAMS TO PROMOTE THE CATHOLIC FAITH AND HUMAN VALUES AMONG THE HISPANIC POPULATION OF THE UNITED STATES, CENTRAL AMERICA AND THE CARIBBEAN.HOMBRE NUEVO ALSO OPERATES A CENTER FOR EVANGELIZATION IN LOS ANGELES, CALIFORNIA THAT DIRECTS COURSES IN SCRIPTURE, CATECHIZES AND ORGANIZES RETREATS AND WORKSHOPS INVOLVED IN DIRECTING THE PASTORAL ACTION OF THE ARCHDIOCESE OF LOS ANGELES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rene Heredia Executive Dir. | Trustee | 50 | $196,768 |
Kevin Meehan Lc Director | Trustee | 1 | $0 |
Oscar Marroquin Director | Trustee | 1 | $0 |
Frank Formololc Sec/treas | OfficerTrustee | 1 | $0 |
Deacon Charlie Echeverry Director | Trustee | 1 | $0 |
Dr Arturo Ibarra Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,427,442 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,427,442 |
| Total Program Service Revenue | $9,681 |
| Investment income | $612 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,396 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $135,116 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,624,932 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $33,000 |
| 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. | $196,768 |
| Compensation of current officers, directors, key employees. | $196,768 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,071,108 |
| Pension plan accruals and contributions | $71,327 |
| Other employee benefits | $92,381 |
| Payroll taxes | $95,074 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $61,119 |
| Fees for services: Accounting | $106,506 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $497,907 |
| Advertising and promotion | $201,376 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $586,514 |
| Insurance | $0 |
| All other expenses | $593,316 |
| Total functional expenses | $5,844,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $245,915 |
| Savings and temporary cash investments | $5,663,562 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,513 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $92,431 |
| Prepaid expenses and deferred charges | $125,341 |
| Net Land, buildings, and equipment | $2,378,390 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $9,400 |
| Other assets | $0 |
| Total assets | $8,549,552 |
| Accounts payable and accrued expenses | $225,779 |
| 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 | $12,210 |
| Total liabilities | $237,989 |
| Net assets without donor restrictions | $5,350,811 |
| Net assets with donor restrictions | $2,960,752 |
| 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 | $8,549,552 |
Grants Awarded
Over the last fiscal year, Hombre Nuevo has awarded $42,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LEGION OF CHRIST COLLEGE & NO PURPOSE: scholarships for Seminarians | $33,000 |
LEGION OF CHRIST PAST SERVC PURPOSE: Donation | $9,000 |