CORAZON DE VIDA FOUNDATION

EIN: 330707788 501(c)(3) Human Services

IRVINE, CA

Total Revenue
$2,088,586
Total Expenses
$2,174,714
Total Assets
$2,789,699
Net Assets
$2,779,962
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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
CA
Principal Officer
HILDA PACHECO-TAYLOR
Phone
9494761144
Tax Period
2024-01-01 to 2024-12-31

CORAZON DE VIDA FOUNDATION, founded in 1994, is a community nonprofit in the Human Services sector that reported $2.1M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE CHILDREN IN DIRE NEED OF THE NECESSITIES OF SHELTER, FOOD, CLOTHING, EDUCATION AND HEALTHCARE.

Program Service Accomplishments

Program 1
Expenses: $600,605

LIFE SUSTAINING SUPPORT: THROUGH THIS PROGRAM CORAZON DE VIDA FOUNDATION PROVIDES ASSISTANCE FOR THE BASIC NECESSITIES OF LIFE - DRINKING WATER, GAS/PROPANE AND ELECTRICITY AS WELL AS FRESH FRUITS...

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LIFE SUSTAINING SUPPORT: THROUGH THIS PROGRAM CORAZON DE VIDA FOUNDATION PROVIDES ASSISTANCE FOR THE BASIC NECESSITIES OF LIFE - DRINKING WATER, GAS/PROPANE AND ELECTRICITY AS WELL AS FRESH FRUITS, VEGETABLES, PROTEIN AND DAIRY TO ENSURE A NUTRITIOUS DIET. WE BELIEVE THAT EVERY CHILD'S LIFE HAS VALUE AND HOLDS THE SAME POTENTIAL, EXCITEMENT AND OPPORTUNITY AS ANY OTHER LIFE. IT IS UP TO US TO WORK TOGETHER TO MAKE SURE OUR CARE TRANSFORMS INTO EACH CHILD'S HOPE FOR THE FUTURE.

Program 2
Expenses: $609,801

QUALITY OF LIFE IMPROVEMENT: THROUGH THIS PROGRAM, CORAZON DE VIDA FOUNDATION PROVIDES ASSISTANCE FOR MEDICAL AND DENTAL SERVICES, TO INCLUDE ORGANIZING MEDICAL AND DENTAL MISSIONS TO ENSURE BASIC...

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QUALITY OF LIFE IMPROVEMENT: THROUGH THIS PROGRAM, CORAZON DE VIDA FOUNDATION PROVIDES ASSISTANCE FOR MEDICAL AND DENTAL SERVICES, TO INCLUDE ORGANIZING MEDICAL AND DENTAL MISSIONS TO ENSURE BASIC HEALTH. OTHER IMPROVEMENTS INCLUDE FACILITIES IMPROVEMENTS TO ENSURE SAFETY AND WELL BEING AND VOLUNTEER VISITS TO PROVIDE THE MUCH NEEDED LOVE AND ATTENTION.

Program 3
Expenses: $466,804

EDUCATION: THROUGH THIS PROGRAM, CORAZON DE VIDA FOUNDATION PROVIDES ASSISTANCE WITH PRIMARY, JR. HIGH AND HIGH SCHOOL EXPENSES SUCH AS UNIFORMS, REGISTRATION FEES AND TUITIONS. THE PROGRAM ALSO...

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EDUCATION: THROUGH THIS PROGRAM, CORAZON DE VIDA FOUNDATION PROVIDES ASSISTANCE WITH PRIMARY, JR. HIGH AND HIGH SCHOOL EXPENSES SUCH AS UNIFORMS, REGISTRATION FEES AND TUITIONS. THE PROGRAM ALSO COVERS CAREER EDUCATION AND TUTORING AS WELL AS UNIVERSITY TUITION, HOUSING, TRANSPORTATION AND LIVING EXPENSES FOR TEENS AGING OUT OF THE ORPHANAGE SYSTEM. OUR AIM IS TO PROVIDE "GRADUATING" TEENS WITH THE SKILLS NECESSARY TO BECOME PRODUCTIVE MEMBERS OF THEIR COMMUNITIES.

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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 $2,013,225
Program Service Revenue $22,655
Investment Income $57,327
Other Revenue $-4,621
TOTAL REVENUE $2,088,586

Expense Breakdown

Grants Paid $0
Salaries & Benefits $433,025
Fundraising Expenses $140,410
Program Expenses $1,762,740
Other Expenses $1,741,689
TOTAL EXPENSES $2,174,714

Year-over-Year Comparison

2024 2023 Change
Revenue $2,088,586 $1,890,650 +0.1%
Expenses $2,174,714 $1,917,769 +0.1%
Net Income $-86,128 $-27,119 +2.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
6
Employees
6
Volunteers
50

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
6
$60,000
Total Directors
8
$112,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HILDA PACHECO-TAYLOR PRESIDENT 40.00
Officer Director
$60,000 $0 $60,000
GEORGE PEREZ DIRECTOR 40.00
Director
$52,000 $0 $52,000
MICHAEL BEASON CHAIRMAN & C N/A
Officer Director
$0 $0 $0
ALEX DASTMALCHI VICE PRESIDE N/A
Officer Director
$0 $0 $0
JOHN HAUGLAND DIRECTOR N/A
Director
$0 $0 $0
DANIEL SMITH VICE PRESIDE N/A
Officer Director
$0 $0 $0
MICKEY WIEBE VICE PRESIDE N/A
Officer Director
$0 $0 $0
BRIANNA WOO VICE PRESIDE N/A
Officer 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
2024 $2,088,586 $2,174,714 $2,789,699 $-86,128
2023 $1,890,650 $1,917,769 $2,879,772 $-27,119
2022 $1,802,920 $1,509,137 $2,900,296 $293,783
2021 $1,665,192 $1,310,989 $2,607,931 $354,203
2020 $1,208,903 $1,143,490 $2,174,614 $65,413
2019 $1,573,263 $1,306,934 $2,060,488 $266,329
2018 $1,431,615 $1,199,514 $1,795,878 $232,101
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