SPANISH SPEAKING ELDERLY COUNCIL - RAICES INC

EIN: 112730462 501(c)(3)

BROOKLYN, NY

Total Revenue
$3,816,751
Total Expenses
$3,795,307
Total Assets
$2,469,087
Net Assets
$550,536
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
NY
Principal Officer
DAMARIS SANTIAGO
Phone
7186430232
Tax Period
2024-07-01 to 2025-06-30

SPANISH SPEAKING ELDERLY COUNCIL - RAICES INC, founded in 1983, is a community nonprofit that reported $3.8M in total revenue in fiscal year 2024.

Mission

RAICES' MISSION IS TO RESPOND TO THE UNMET NEEDS OF THE LATINO, AFRICAN-AMERICAN AND LOW-INCOME COMMUNITY AND SEEK TO IMPROVE THEIR QUALITY OF LIFE THROUGH ADVOCACY AND THE DIRECT PROVISION OF TARGETED SERVICES WITH WORK ACROSS THE GENERATIONS AND A PARTICULAR EMPHASIS ON THE NEEDS OF OLDER ADULTS.

Program Service Accomplishments

Program 1
Expenses: $3,327,601 Revenue: $54,232

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...

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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 2,074 HISPANIC, BLACK AND LOW INCOME PARTICIPANTS ON A YEARLY BASIS. THROUGH THESE SERVICES IN FISCAL YEAR 2025, RAICES PROVIDED 4,560 CASE ASSISTANCE AND 5,032 INFORMATION AND REFERRAL.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,764,718
Program Service Revenue $54,232
Investment Income $192
Other Revenue $-2,391
TOTAL REVENUE $3,816,751

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,117,807
Fundraising Expenses $0
Program Expenses $3,327,601
Other Expenses $1,677,500
TOTAL EXPENSES $3,795,307

Year-over-Year Comparison

2024 2023 Change
Revenue $3,816,751 $3,708,605 +0.0%
Expenses $3,795,307 $3,614,382 +0.1%
Net Income $21,444 $94,223 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
48
Volunteers
100

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$201,095
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAMARIS SANTIAGO CHAIRPERSON 2.00
Officer Director
$0 $0 $0
ROSE GAYNUS SECRETARY 2.00
Officer Director
$0 $0 $0
EDWIN SALAS TREASURER 2.00
Officer Director
$0 $0 $0
YOLANDA DIAZ DIRECTOR 1.00
Director
$0 $0 $0
ANNIE MCQUEEN DIRECTOR 1.00
Director
$0 $0 $0
LISETTE SOSA-DICKSON EXECUTIVE DIRECTOR 40.00
Officer
$156,803 $44,292 $201,095
YVONNE COTTO ASSOCIATE EXECUTIVE DIRECTOR 40.00
Highest
$110,742 $15,355 $126,097
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $3,816,751 $3,795,307 $2,469,087 $21,444
2024 $3,708,605 $3,614,382 $2,333,584 $94,223
2023 $3,497,237 $3,342,551 $2,481,729 $154,686
2022 $3,320,048 $3,217,183 $947,855 $102,865
2021 $2,904,425 $2,827,229 $674,566 $77,196
2020 $3,085,011 $3,037,071 $935,670 $47,940
2019 $3,119,979 $3,077,474 $940,396 $42,505
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