Loisaida Inc

EIN: 133023183 501(c)(3) Human Services

Bronx, NY

Total Revenue
$674,243
Total Expenses
$693,496
Total Assets
$1,562,288
Net Assets
$363,936
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
NY
Principal Officer
Raul Russi
Phone
3476493234
Tax Period
2024-07-01 to 2025-06-30

Loisaida Inc, founded in 1979, is a small nonprofit in the Human Services sector that reported $674K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

TO BUILD A CONNECTION BETWEEN COMMUNITY, LEARNERS, ARTISTS AND SCHOLARS THROUGH AFFORDABLE EDUCATION OPPORTUNITIES IN CULTURAL FIELDS, S.T.E.A.M. DESIGN AND EVERYDAY LIFE. (SEE SCHEDULE O)

Program Service Accomplishments

Program 1
Expenses: $528,036

TO ADDRESS THE SERIOUS ECONOMIC AND SOCIAL DISENFRANCHISEMENT OF POOR AND LOW INCOME LATINO RESIDENTS, WITH EMPLOYMENT AND TRAINING OPPORTUNITIES, COMPREHENSIVE YOUTH DEVELOPMENT INITIATIVES. SINCE...

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TO ADDRESS THE SERIOUS ECONOMIC AND SOCIAL DISENFRANCHISEMENT OF POOR AND LOW INCOME LATINO RESIDENTS, WITH EMPLOYMENT AND TRAINING OPPORTUNITIES, COMPREHENSIVE YOUTH DEVELOPMENT INITIATIVES. SINCE REOPENING IN 2014 ALL OUR PROGRAMS HAVE BEEN CAREFULLY CURATED AND DELIVERED BY A CORE GROUP OF HIGHLY COMMITTED EDUCATORS, ARTISTS, PHOTOGRAPHERS, DANCERS, ETC. AMONG THIS CORE GROUP OF FREELANCE INSTRUCTORS AND TEACHING ARTISTS ARE DOCTORS, RESEARCHERS AND PROFESSORS, AN AWARD WINING THEATER TROUPE, MONTESSORI-CERTIFIED TEACHERS, AMONG OTHERS. DELIVERED MORE THAN TWENTY (20) TRANS-GENERATIONAL COMMUNITY AND YOUTH EVENTS. SERVED FIVE HUNDRED (500) PEOPLE THAT ATTENDED THE CENTER. DEVELOPED TWO DISTINCT WEBSITES AND A SOLID SOCIAL MEDIA PRESENCE. REVAMPED AND EXTENDED THE LOISAIDA INC. ANNUAL FESTIVAL.THE NEW COMMUNITY CENTER FACILITY IS APPROXIMATELY 10,000 FEET ON TWO LEVELS WITHIN THE 710 EAST 9TH STREET BUILDING, WHICH ALSO HAS A RESIDENTIAL COMPONENT OF 55 UNITS OF HOUSING FOR YOUTH AGING OUT OF THE NYC FOSTER CARE SYSTEM. THE FIRST LEVEL OF THE TOTALLY ACCESSIBLE COMMUNITY CENTER SPACE HAS ITS OWN PRIVATE ENTRANCE, OFFICE SPACE, AND HOUSES THE MULTIMEDIA ARTS AND TECHNOLOGY. THE PERFORMANCE/MULTIPURPOSE SPACE, DRESSING ROOM, AND COMPLETE GALLEY KITCHEN, AS WELL AS ACCESSIBLE BATHROOM FACILITIES, AND TWO LARGE PRIVATE OPEN AIR SPACES, ARE LOCATED ON THIS LEVEL. THE SECOND GROUND FLOOR/CELLAR LEVEL, WHICH HAS ITS OWN STREET ACCESS, HOUSES ADDITIONAL OFFICE SPACE AND THE TEACHING COMMERCIAL KITCHEN, AS WELL AS THREE LARGE MULTIPURPOSE ACTIVITY ROOMS, ONE OF WHICH WILL BE A YOUTH LOUNGE AND RECREATION SPACE. THE COMMUNITY CENTER HAS ITS OWN ELEVATOR, WHICH ALLOWS FOR EASE OF USE, ACCESSIBILITY, AND TRANSPORT FROM BOTH LEVELS. EDUCATION & TRAINING CAPACITY: OUR FACILITY WAS CREATED WITH EDUCATION AND TRAINING AT THE FOREFRONT OF ITS CORE CAPABILITIES. WE HAVE ACCOMPLISHED THIS BY MIRRORING THE STANDARDS AND REQUIREMENT NEEDED TO BECOME A CERTIFIED TRAINING CENTER FOR OUR MAJOR SOFTWARE PACKAGES. BY ACCOMPLISHING THIS TASK OUR STUDENTS ARE GIVEN AN OPPORTUNITY TO LEARN A MULTITUDE OF APPLICATIONS THAT CAN FOSTER THEIR KNOWLEDGE IN THE AREAS OF MEDIA, WRITING, AND OFFICE SKILLS. ONE OF OUR CLASSROOM/LABS HAS BEEN CONFIGURED WITH SPECIFICATIONS REQUIRED TO ULTIMATELY BECOME AN APPLE AUTHORIZED TRAINING CENTER. PRODUCTION: OUR FACILITY PROVIDES AN IN-HOUSE PRODUCTION AND LIVE STUDIO/VIEWING SPACE ON SITE,AND HAS THE CAPACITY TO PROVIDE AND SUPPORT A WIDE BREATH OF REAL WORLD TOOLS IN THE FIELD OF MEDIA. IN EXPOSING OUR YOUTH TO THIS LEVEL OF CAPACITY, WE ENHANCE THEIR EMPLOYABILITY, ENTREPRENEURIAL OPPORTUNITIES, AND PROVIDE A FOUNDATION OF KNOWLEDGE FOR THEM THAT WILL BE LIFE-CHANGING.

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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 $673,343
Program Service Revenue $0
Investment Income $0
Other Revenue $900
TOTAL REVENUE $674,243

Expense Breakdown

Grants Paid $0
Salaries & Benefits $318,008
Fundraising Expenses $0
Program Expenses $528,036
Other Expenses $375,488
TOTAL EXPENSES $693,496

Year-over-Year Comparison

2024 2023 Change
Revenue $674,243 $567,059 +0.2%
Expenses $693,496 $778,249 -0.1%
Net Income $-19,253 $-211,190 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
5
Volunteers
6

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
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RAUL RUSSI PRESIDENT 1.0
Officer
$0 $101,830 $998,427
LYMARIS ALBORS CHIEF EXECUTIVE OFFICER 1.0
Officer
$0 $56,068 $892,752
JOSE A RODRIGUEZ CHIEF LEGAL OFFICER 1.0
Officer
$0 $30,262 $592,593
VICKY GATELL CHIEF FINANCIAL OFFICER 1.0
Officer
$0 $46,781 $488,994
HENRY COMAS CHAIR 2.0
Officer Director
$0 $0 $0
ANGEL AUDIFFRED VICE CHAIR 2.0
Officer Director
$0 $0 $0
WILFRED RENTA TREASURER 2.0
Officer Director
$0 $0 $0
ANTHONY RIVERA SECRETARY 2.0
Officer Director
$0 $0 $0
MARLENE PERALTA BOARD MEMBER 2.0
Director
$0 $0 $0
DEBORAH QUINONES BOARD MEMBER 2.0
Director
$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 $674,243 $693,496 $1,562,288 $-19,253
2024 $567,059 $697,458 $1,566,434 $-130,399
2024 $567,059 $778,249 $1,566,434 $-211,190
2023 $968,854 $901,964 $1,572,672 $66,890
2023 $1,247,513 $870,883 $1,903,412 $376,630
2022 $537,891 $675,012 $1,355,551 $-137,121
2022 $582,848 $640,248 $1,432,997 $-57,400
2021 $613,263 $464,776 $988,486 $148,487
2020 $880,548 $508,535 $1,104,388 $372,013
2019 $719,870 $550,287 $837,083 $169,583
2018 $282,606 $438,855 $121,316 $-156,249
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