INSTITUTE FOR THE PUERTO RICAN HISPANIC ELDERLY INC

EIN: 132987263 501(c)(3) Human Services

BRONX, NY

Total Revenue
$5,684,400
Total Expenses
$5,862,345
Total Assets
$2,921,496
Net Assets
$-2,624,395
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
NY
Principal Officer
RAUL RUSSI
Phone
3476493083
Tax Period
2024-07-01 to 2025-06-30

INSTITUTE FOR THE PUERTO RICAN HISPANIC ELDERLY INC, founded in 1978, is a community nonprofit in the Human Services sector that reported $5.7M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year.

Mission

THE INSTITUTE FOR THE PUERTO RICAN HISPANIC ELDERLY, INC. (IPRHE) IS A NON-PROFIT ORGANIZATION SPECIALIZING IN PROVIDING QUALITY SERVICES AND PROGRAMS TO MEET THE VARIOUS NEEDS OF HISPANIC AND OTHER ETHNIC/RACIAL LOW AND MIDDLE INCOME SENIORS AND THEIR FAMILIES IN NEW YORK CITY AND ENVIRONS WITH A MISSION TO IMPROVE THEIR QUALITY OF LIFE. IPRHE OFFERS MULTI SERVICES TO THE COMMUNITY IN ORDER TO DETER THE INSTITUTIONALIZATION OF THE ELDERLY, WHILE HELPING TO MAINTAIN THEIR QUALITY OF LIFE AT THE HIGHEST LEVEL POSSIBLE.

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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 $5,446,477
Program Service Revenue $237,923
Investment Income $0
Other Revenue $0
TOTAL REVENUE $5,684,400

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,366,030
Fundraising Expenses $0
Program Expenses $4,977,663
Other Expenses $2,496,315
TOTAL EXPENSES $5,862,345

Year-over-Year Comparison

2024 2023 Change
Revenue $5,684,400 $6,012,386 -0.1%
Expenses $5,862,345 $5,905,183 0.0%
Net Income $-177,945 $107,203 -2.7%
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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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
5
Employees
82
Volunteers
N/A

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
8
$2,972,766
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RAUL RUSSI PRESIDENT 40.00
Officer
$0 $101,830 $998,427
LYMARIS ALBORS CHIEF EXEC. 40.00
Officer
$0 $56,068 $892,752
JOSE R RODRIGUEZ CHIEF LEGAL 40.00
Officer
$0 $30,262 $592,593
VICKY GATELL CHIEF FINAN 40.00
Officer
$0 $46,781 $488,994
ANGEL AUDIFFRED VICE CHAIR 2.00
Officer Director
$0 $0 $0
HENRY COMAS CHAIR 2.00
Officer Director
$0 $0 $0
DEBORAH QUINONES MEMBER 2.00
Director
$0 $0 $0
WILFRED RENTA TREASURER 2.00
Officer Director
$0 $0 $0
ANTHONY RIVERA SECRETARY 2.00
Director
$0 $0 $0
MARIA DEL CARMEN ARROY CHIEF ADMINI N/A
Officer
$0 $0 $0
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 $5,684,400 $5,862,345 $2,921,496 $-177,945
2024 No data No data No data No data
2023 $5,515,656 $6,281,434 $2,787,527 $-765,778
2022 $4,333,867 $4,453,008 $3,005,158 $-119,141
2021 $2,610,594 $2,913,827 $2,948,306 $-303,233
2020 $3,982,257 $4,430,769 $2,267,148 $-448,512
2019 $5,037,744 $5,254,719 $2,258,525 $-216,975
2018 $5,063,855 $5,132,188 $2,055,984 $-68,333
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