ACCION SOCIAL DE PUERTO RICO INC

EIN: 660393364 501(c)(3) Employment

GUAYNABO, PR

Total Revenue
$13,357,385
Total Expenses
$13,577,161
Total Assets
$7,719,079
Net Assets
$4,880,755
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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
PR
Principal Officer
NILDA OLMEDA VELEZ
Phone
7872731878
Tax Period
2023-10-01 to 2024-09-30

ACCION SOCIAL DE PUERTO RICO INC, founded in 1982, is a mid-sized nonprofit in the Employment sector that reported $13.4M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

OUR MISSION IS TO PROVIDE THE MOST COMPREHENSIVE SERVICES TO LOW INCOME FAMILIES TO HELP THEM ACHIEVE SELF SUFFICIENCY AND REDUCE THE INCIDENCE OF POVERTY IN PUERTO RICO. OUR PROGRAMS INCLUDES ELDERLY CENTERS, EDUCATIONS, MUSIC AND ARTS, TUTORIALS AND COMMUNITY INVOLVEMENT.

Program Service Accomplishments

Program 1
Expenses: $6,556,849 Revenue: $0

SELF SUFFICIENCY: THE PURPOSE OF THE ELDERLY CENTERS PROGRAMS IS TO OFFERS COMPREHENSIVE SERVICES IN THE DAY CARE CENTERS TO LOW INCOME PERSONS WHO ARE 55 YEARS OR OLDER. THE PROGRAM IS INTENDED TO...

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SELF SUFFICIENCY: THE PURPOSE OF THE ELDERLY CENTERS PROGRAMS IS TO OFFERS COMPREHENSIVE SERVICES IN THE DAY CARE CENTERS TO LOW INCOME PERSONS WHO ARE 55 YEARS OR OLDER. THE PROGRAM IS INTENDED TO PROVIDE FAVORABLE CONDITIONS AND CAPABLE PERSONNEL SO THEY MAY IMPROVE THEIR PHYSICAL AND MENTAL CONDITIONS BY ENABLING THEM TO REACH A HIGH LEVEL OF SELF SUFFICIENCY AND IMPROVE THEIR LIFESTYLES. THE CENTERS OFFERS SERVICES AS NUTRITION, SOCIAL SERVICES, HEALTH SERVICES,TRANSPORTATION, RECREATIONAL ACTIVITIES, AMONG OTHERS.

Program 2
Expenses: $868,859 Revenue: $0

EMPLOYMENT PROGRAM: OFFER EMPLOYMENT OPPORTUNITIES TO PEOPLE WHO HAVE LOW RESOURCES AND ARE UNEMPLOYED AND DISPLACED BECAUSE OF THEIR EDUCATIONAL LEVEL BY ALLOWING THEM TO REDEEM IN PRODUCTIVE...

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EMPLOYMENT PROGRAM: OFFER EMPLOYMENT OPPORTUNITIES TO PEOPLE WHO HAVE LOW RESOURCES AND ARE UNEMPLOYED AND DISPLACED BECAUSE OF THEIR EDUCATIONAL LEVEL BY ALLOWING THEM TO REDEEM IN PRODUCTIVE FUNCTIONS THAT AT THE SAME TIME PERMITS THEM TO REACH A HIGHER INDEPENDENCE WHICH HELP THOSE PEOPLE TO REACH A HIGHER SELF ESTEEM AND TO HAVE SECURITY IN THEMSELVES.

Program 3
Expenses: $646,787 Revenue: $0

THE EDUCATION PROGRAM IS TO PROVIDE STUDENTS WHO ARE ECONOMICALLY DISADVANTAGE AND HAVE ACADEMIC DEFICIENCIES, EDUCATIONAL ACTIVITIES THAT PROMOTE EXCELLENCE ACADEMIC IMPROVEMENT AND THE INTEGRAL...

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THE EDUCATION PROGRAM IS TO PROVIDE STUDENTS WHO ARE ECONOMICALLY DISADVANTAGE AND HAVE ACADEMIC DEFICIENCIES, EDUCATIONAL ACTIVITIES THAT PROMOTE EXCELLENCE ACADEMIC IMPROVEMENT AND THE INTEGRAL FORMATION AS AN INDIVIDUAL.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $13,357,385
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $13,357,385

Expense Breakdown

Grants Paid $363,506
Salaries & Benefits $9,590,342
Fundraising Expenses $0
Program Expenses $12,225,093
Other Expenses $3,623,313
TOTAL EXPENSES $13,577,161

Year-over-Year Comparison

2023 2022 Change
Revenue $13,357,385 $14,168,297 -0.1%
Expenses $13,577,161 $14,446,790 -0.1%
Net Income $-219,776 $-278,493 -0.2%
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
13
Independent Members
13
Employees
335
Volunteers
N/A

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
4
$271,448
Total Directors
4
$271,448
Key Employees
4
$271,448
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Nilda Olmeda CPA EXECUTIVE DIRECTOR 37
Officer Director Key Emp Highest
$78,000 $0 $78,000
CARMEN OTERO SUB DIRECTOR 37
Officer Director Key Emp
$69,908 $0 $69,908
MARYLENE TOSADO FINANCE DIRECTOR 37
Officer Director Key Emp
$66,060 $0 $66,060
EDWIN RAMOS HUMAN RESOURCE DIRECTOR 37
Officer Director Key Emp
$57,480 $0 $57,480
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 No data No data No data No data
2024 $13,357,385 $13,577,161 $7,719,079 $-219,776
2023 $14,168,297 $14,446,790 $7,603,493 $-278,493
2022 $28,789,552 $28,093,025 $13,599,898 $696,527
2021 $13,460,572 $12,944,116 $24,911,090 $516,456
2020 $12,703,099 $12,234,337 $7,863,852 $468,762
2019 $13,167,018 $13,818,486 $7,569,243 $-651,468
2018 $12,163,580 $12,008,105 $7,975,103 $155,475
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