PUERTORRIQUENOS ASOCIADOS FOR COMMUNITY ORGANIZATION INC

EIN: 221911769 501(c)(3) Housing & Shelter

JERSEY CITY, NJ

Total Revenue
$2,730,216
Total Expenses
$2,598,701
Total Assets
$3,103,381
Net Assets
$1,257,692
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
NJ
Principal Officer
JULIO GARCIA
Phone
2019638282
Tax Period
2023-10-01 to 2024-09-30

PUERTORRIQUENOS ASOCIADOS FOR COMMUNITY ORGANIZATION INC, founded in 1970, is a community nonprofit in the Housing & Shelter sector that reported $2.7M in total revenue in fiscal year 2023. Expenses of $2.6M left a modest 5% surplus.

Mission

THE MISSION OF PUERTORRIQUENOS ASOCIADOS FOR COMMUNITY ORGANIZATION, INC. (PACO) IS TO EMPOWER AND ASSIST THE COMMUNITY TO ATTAIN ITS DESIRED SUCCESSES. PACO ACCOMPLISHES THIS MISSION BY PROVIDING A VARIETY OF SOCIAL, HUMAN, AND EDUCATIONAL SERVICES. PACO ALSO WORKS TO PROVIDE AFFORDABLE HOUSING TO LOW-AND-MODERATE INCOME FAMILIES AND PARTICIPATES IN EDUCATIONAL REFORM EFFORTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,490,358
Program Service Revenue $236,875
Investment Income $2,983
Other Revenue $0
TOTAL REVENUE $2,730,216

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,200,469
Fundraising Expenses $1,116
Program Expenses $2,487,184
Other Expenses $1,398,232
TOTAL EXPENSES $2,598,701

Year-over-Year Comparison

2023 2022 Change
Revenue $2,730,216 $2,780,819 0.0%
Expenses $2,598,701 $2,681,451 0.0%
Net Income $131,515 $99,368 +0.3%
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
11
Independent Members
11
Employees
24
Volunteers
11

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
5
$107,809
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANK MOLINA CHAIRMAN 5.00
Officer Director
$0 $0 $0
SONIA ARAUJO VICE CHAIR 5.00
Officer Director
$0 $0 $0
ISRAEL NIEVES TREASURER 5.00
Officer Director
$0 $0 $0
EDWARD P FOWLKES SECRETARY 5.00
Officer Director
$0 $0 $0
VIVIANNE JIMENEZ TRUSTEE 5.00
Director
$0 $0 $0
VISHNU KHEMRAJ TRUSTEE 5.00
Director
$0 $0 $0
EDWARD KOLLING TRUSTEE 5.00
Director
$0 $0 $0
VIDAL LEDDA SGT. AT ARMS 5.00
Director
$0 $0 $0
NARCISCO MOQUETE TRUSTEE 5.00
Director
$0 $0 $0
MELISSA RIVERA TRUSTEE 5.00
Director
$0 $0 $0
DEACON CESAR SARMIENTO TRUSTEE 5.00
Director
$0 $0 $0
JULIO GARCIA EXECUTIVE DIRECTOR 40.00
Officer
$98,456 $9,353 $107,809
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
2024 $2,730,216 $2,598,701 $3,103,381 $131,515
2023 $2,780,819 $2,681,451 $2,759,713 $99,368
2022 $2,990,393 $3,130,324 $1,423,450 $-139,931
2021 $2,929,445 $2,798,717 $2,164,949 $130,728
2020 $2,216,857 $2,371,223 $1,731,724 $-154,366
2019 $3,132,747 $3,087,066 $1,797,908 $45,681
2018 $2,772,839 $2,971,385 $2,008,326 $-198,546
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