GREATER WASH HISPANIC CH OF COMM FOUNDATION

EIN: 521107833 501(c)(3)

WASHINGTON, DC

Total Revenue
$713,348
Total Expenses
$579,600
Total Assets
$198,020
Net Assets
$198,020
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
DC
Principal Officer
NICOLE QUIROGA
Phone
2027280352
Tax Period
2024-01-01 to 2024-12-31

GREATER WASH HISPANIC CH OF COMM FOUNDATION, founded in 2002, is a small nonprofit that reported $713K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $134K, a strong 19% operating margin.

Mission

TO PROMOTE THE SUCCESS OF HISPANIC AND OTHER MINORITY-OWNED BUSINESSES AND THE COMMUNITIES THEY SERVIE THROUGH NETWORKING, OUTREACH AND EDUCATION.

Program Service Accomplishments

Program 1
Expenses: $283,921 Revenue: $318,368

SMALL BUSINESS ASSISTANCE PROGRAM (OLA) - TO IMPROVE THE ECONOMIC DEVELOPMENT AND WEALTH BUILDING CAPACITY OF LOW INCOME HISPANIC AND OTHER MINORITY POPULATIONS IN WASHINGTON, DC. THE PROGRAM...

Read more

SMALL BUSINESS ASSISTANCE PROGRAM (OLA) - TO IMPROVE THE ECONOMIC DEVELOPMENT AND WEALTH BUILDING CAPACITY OF LOW INCOME HISPANIC AND OTHER MINORITY POPULATIONS IN WASHINGTON, DC. THE PROGRAM ACHIEVES THIS GOAL BY ASSISTING LATINO DISTRICT RESIDENTS IN OPENING BUSINESSES AND PROVIDING TECHNICAL ASSISTANCE TO EXISTING BUSINES OWNERS WHO WANT TO IMPROVE THEIR OPERATIONS.

Program 2
Expenses: $173,819 Revenue: $192,767

DHCD - TO HELP LATINO AND MINORITY OWNED BUSINESSES ADJUST TO A CHANGING MARKET. SEPCIFICALLY, DIVERSE NEIGHBORHOODS IN THE AREA, SUCH AS MOUNT PLEASANT, ADAMS MORGAN, COLUMBIA HEIGHTS, CORRIDORS IN...

Read more

DHCD - TO HELP LATINO AND MINORITY OWNED BUSINESSES ADJUST TO A CHANGING MARKET. SEPCIFICALLY, DIVERSE NEIGHBORHOODS IN THE AREA, SUCH AS MOUNT PLEASANT, ADAMS MORGAN, COLUMBIA HEIGHTS, CORRIDORS IN WARDS 4 AND 5 AND THE ADJACENT COUNTIES ARE UNDERGOING TRANSFORMATIONS WHICH BUSINESS OWNERS ARE NOT EASILY ADJUSTING TO.

Program 3
Expenses: $121,860 Revenue: $202,213

DHCBX - TO IMPROVE BUSINESS NEEDS ASSESSMENT SERVICES. TO ASSESS THE NEEDS OF BUSINESS OWNERS OPERATING WITHIN WARD 6 OF THE DISTRICT OF COLUMBIA. THIS PROGRAM INCLUDES INDENTIFYING CHALLENGES TO...

Read more

DHCBX - TO IMPROVE BUSINESS NEEDS ASSESSMENT SERVICES. TO ASSESS THE NEEDS OF BUSINESS OWNERS OPERATING WITHIN WARD 6 OF THE DISTRICT OF COLUMBIA. THIS PROGRAM INCLUDES INDENTIFYING CHALLENGES TO, AND OPPORTUNITIES FOR SUSTAINING AND EXPANDING LOCAL BUSINESSES AND IDENTIFIYING SERVICES THAT COULD BE MADE AVAILABLE TO ADDRESS THE NEEDS OF BUSINESS OWNERS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $713,348
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $713,348

Expense Breakdown

Grants Paid $0
Salaries & Benefits $358,681
Fundraising Expenses $0
Program Expenses $579,600
Other Expenses $220,919
TOTAL EXPENSES $579,600

Year-over-Year Comparison

2024 2023 Change
Revenue $713,348 $523,020 +0.4%
Expenses $579,600 $581,047 0.0%
Net Income $133,748 $-58,027 -3.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

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

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
1
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NICOLE QUIROGA PRESIDENT & CEO 2.00
Officer Director
$0 $0 $0
ALFREDO CASTA TREASURER 2.00
Director
$0 $0 $0
MARIO ACOSTA VELEZ SECRETARY 2.00
Director
$0 $0 $0
MARGARITA DILONE DIRECTOR 2.00
Director
$0 $0 $0
DENNIS COTTER DIRECTOR 2.00
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
2024 $713,348 $579,600 $198,020 $133,748
2023 $523,020 $581,047 $90,574 $-58,027
2022 $773,050 $651,847 $153,363 $121,203
2021 $406,672 $429,584 $49,489 $-22,912
2020 $387,854 $378,147 $50,309 $9,707
2019 $362,819 $318,352 $40,602 $44,467
2018 $344,167 $369,866 $35,108 $-25,699
Explore More Nonprofits
Top 100 Nonprofits in District of Columbia Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare GREATER WASH HISPANIC CH OF COMM FOUNDATION with other nonprofits in District of Columbia and across the country.