Latinos Progresando

EIN: 364355072 501(c)(3) Arts, Culture & Humanities

Chicago, IL

Total Revenue
$3,767,874
Total Expenses
$3,811,365
Total Assets
$9,344,524
Net Assets
$8,189,698
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
IL
Principal Officer
Luis Gutierrez
Phone
7735427077
Tax Period
2024-07-01 to 2025-06-30

Latinos Progresando, founded in 1998, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.8M in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Net assets of $8.2M represent 26 months of operating reserves.

Mission

THE MISSION OF LATINOS PROGRESANDO IS TO DELIVER HIGH QUALITY INFORMATION AND RESOURCES FOR PEOPLE TO BUILD SECURE, HEALTHY AND PRODUCTIVE LIVES.

Program Service Accomplishments

Program 1
Expenses: $736,617 Revenue: $172,535

Legal Services: The Legal Services program provides affordable, professional legal immigration services and education on the immigration system, as well as free and low-cost assistance to survivors...

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Legal Services: The Legal Services program provides affordable, professional legal immigration services and education on the immigration system, as well as free and low-cost assistance to survivors of domestic violence seeking legal immigration benefits.

Program 2
Expenses: $835,283

Community Programs: Latinos Progresando's community programs provide a range of supportive services, including neighborhood emergency response; a scholarship fund; holiday food and gift give-aways...

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Community Programs: Latinos Progresando's community programs provide a range of supportive services, including neighborhood emergency response; a scholarship fund; holiday food and gift give-aways; in school-parent leadership programming; support for local small businesses; and educational programming about Mexican culture, history, and identity. LP also acts as the lead agency for the Marshall Square Resource Network, a coalition of more than 50 organizations on the southwest side.

Program 3
Expenses: $1,036,036

Excellerator Fund: The Excellerator Fund is a joint venture developed by Latinos Progresando and Greater Auburn Gresham Development Corporation to drive equitable social and economic recovery through...

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Excellerator Fund: The Excellerator Fund is a joint venture developed by Latinos Progresando and Greater Auburn Gresham Development Corporation to drive equitable social and economic recovery through reimagined investment in Chicago's neighborhoods. The Excellerator Fund is a community-driven grantmaking model that centers Black and Mexican voices in directing infrastructure investments to neighborhood-based organizations in Black and Mexican 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 $3,337,698
Program Service Revenue $203,170
Investment Income $116,472
Other Revenue $110,534
TOTAL REVENUE $3,767,874

Expense Breakdown

Grants Paid $831,000
Salaries & Benefits $1,843,960
Fundraising Expenses $387,206
Program Expenses $2,864,218
Other Expenses $1,136,405
TOTAL EXPENSES $3,811,365

Year-over-Year Comparison

2024 2023 Change
Revenue $3,767,874 $5,246,916 -0.3%
Expenses $3,811,365 $3,758,776 +0.0%
Net Income $-43,491 $1,488,140 -1.0%
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
17
Independent Members
16
Employees
26
Volunteers
16

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
$148,491
Total Directors
16
$148,491
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Korina Sanchez President 2.00
Officer Director
$0 $0 $0
Moises Hernandez Vice President 2.00
Officer Director
$0 $0 $0
Dimas Ortega Treasurer 2.00
Officer Director
$0 $0 $0
Savana Perez Secretary 2.00
Officer Director
$0 $0 $0
Amanda Navarro Board Member 1.00
Director
$0 $0 $0
Catarina Salgado Board Member 1.00
Director
$0 $0 $0
Charles Krugel Board Member 1.00
Director
$0 $0 $0
Chris Brown Board Member 1.00
Director
$0 $0 $0
Giovanna Valdez Board Member 1.00
Director
$0 $0 $0
James Ryan Board Member 1.00
Director
$0 $0 $0
Luis Gutierrez Executive Director 40.00
Officer Director
$133,043 $15,448 $148,491
Maria Zavala Board Member 1.00
Director
$0 $0 $0
Jesse Greenberg Board Member 1.00
Director
$0 $0 $0
Joshua Moreno Board Member 1.00
Director
$0 $0 $0
Oswaldo Alvarez Board Member 1.00
Director
$0 $0 $0
Teresa Reyes Board Member 1.00
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 $3,767,874 $3,811,365 $9,344,524 $-43,491
2024 $5,246,916 $3,758,776 $9,425,928 $1,488,140
2023 $3,811,162 $3,166,250 $8,379,508 $644,912
2022 $5,179,126 $2,691,329 $6,508,796 $2,487,797
2021 $3,845,730 $2,119,244 $3,794,690 $1,726,486
2020 $2,110,273 $1,708,185 $2,092,730 $402,088
2019 $1,892,284 $1,374,002 $1,540,502 $518,282
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