CORPORACION LA FONDITA DE JESUS

EIN: 660426787 501(c)(3)

SAN JUAN, PR

Total Revenue
$9,104,605
Total Expenses
$4,663,865
Total Assets
$8,508,611
Net Assets
$7,983,838
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
PR
Principal Officer
SAMUEL CESPEDES
Phone
7877244051
Tax Period
2023-06-01 to 2024-05-31

CORPORACION LA FONDITA DE JESUS, founded in 1985, is a community nonprofit that reported $9.1M in total revenue in fiscal year 2023. Revenue surged 92% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.4M, a strong 49% operating margin.

Mission

TO FORM A COMMUNITY WITH HOMELESS PEOPLE WORKING TOGETHER TO TRANFORM THOSE REALITIES THAT PROVIDES SUCH LIFE CONDITIONS.

Program Service Accomplishments

Program 1
Expenses: $2,932,042

BASIC PSYCHOSOCIAL, HEALTH & COMMUNITY SERVICES THIS PROGRAM SERVED A TOTAL OF APPROXIMATELY 6,013 PARTICIPANTS. TO ACCOMPLISH THE ORGANIZATION'S MISSION, PARTICIPANTS WERE PROVIDED WITH BASIC...

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BASIC PSYCHOSOCIAL, HEALTH & COMMUNITY SERVICES THIS PROGRAM SERVED A TOTAL OF APPROXIMATELY 6,013 PARTICIPANTS. TO ACCOMPLISH THE ORGANIZATION'S MISSION, PARTICIPANTS WERE PROVIDED WITH BASIC SERVICES, INCLUDING FOOD (2,503 PEOPLE SERVED), CLOTHING (362 PEOPLE SERVED), TRANSPORTATION (238 PEOPLE SERVED) AND HYGIENE (596 PEOPLE SERVED), AS WELL AS SOCIAL SERVICES (2,088 PEOPLE SERVED) AND EDUCATIONAL WORKSHOPS (423 PEOPLE SERVED). PARTICIPANTS WERE ALSO HELPED TO INITIATE A HEALING PROCESS FOR A HEALTHY INTEGRATION INTO THE COMMUNITY WITH A TEAM OF SOCIAL WORKERS, CASE MANAGERS, COUNSELORS, DOCTORS, NURSES, PSYCHOLOGISTS, AND PSYCHIATRISTS. HEALTH SERVICES WERE PROVIDED TO 3,034 PEOPLE. KONECT@OS (COMMUNITY LIBRARY) PROVIDED SERVICES TO THE HOMELESS AND THE COMMUNITY AT LARGE. IT HAS BOOKS, COMPUTERS, ACCESS TO THE INTERNET, AND BASIC AUDIO-VISUAL MATERIALS PRIMARILY USED BY STUDENTS OF THE COMMUNITY WHERE THE ORGANIZATION IS LOCATED. THE PROGRAM RECEIVED 621,562.72 IN DONATED PROFESSIONAL SERVICES, OTHER VOLUNTEER SERVICES, DONATED ADVERTISING SPACE, AND PUBLICATION SERVICES.

Program 2
Expenses: $1,291,074

HOUSING AND PROGRAM INCOME THROUGH THIS PROGRAM, THE ORGANIZATION DEVELOPS AND MANAGES HOUSING PROJECTS AND MICRO-ENTERPRISES TO INCREASE ACCESS TO HOUSING AND JOB OPPORTUNITIES FOR THE HOMELESS...

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HOUSING AND PROGRAM INCOME THROUGH THIS PROGRAM, THE ORGANIZATION DEVELOPS AND MANAGES HOUSING PROJECTS AND MICRO-ENTERPRISES TO INCREASE ACCESS TO HOUSING AND JOB OPPORTUNITIES FOR THE HOMELESS POPULATION. ALSO, AFFORDABLE AND ADEQUATE HOUSING IS IDENTIFIED IN THE MARKET TO PLACE PARTICIPANTS WHO CANNOT BE ACCOMMODATED IN THE ORGANIZATION'S HOUSING DEVELOPMENTS. A TOTAL OF 222 PARTICIPANTS BENEFITED FROM HOUSING PLACEMENT SERVICES. THE PROGRAM ALSO INCLUDES SKILLS DEVELOPMENT FOR THE PARTICIPANTS' HEALTHY INTEGRATION INTO THE COMMUNITY AND TO PROMOTE SELF-SUFFICIENCY. SIXTY-EIGHT (68) PARTICIPANTS BENEFITED FROM THIS PROGRAM. THE ORGANIZATION OWNS AND MANAGES A GREENHOUSE, A THRIFT SHOP, AND AN ART WORKSHOP THAT SERVE AS THERAPY AND TRAINING RESOURCES. AVAILABLE JOBS IN THE MARKET WERE ALSO IDENTIFIED TO INCREASE OPPORTUNITIES TO PLACE PARTICIPANTS. THIRTEEN (13) PARTICIPANTS WERE PLACED IN JOB POSITIONS.

Program 3
Expenses: $12,366

HOLISTIC SUPPORT AND SOCIAL JUSTICE PROVIDES SUPPORT TO 761 PARTICIPANTS TO STRENGTHEN THEIR PERSONAL GROWTH AND WORK WITH COMMUNITY TRANSFORMATION (PARTICIPANTS, EMPLOYEES, VOLUNTEERS, AND...

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HOLISTIC SUPPORT AND SOCIAL JUSTICE PROVIDES SUPPORT TO 761 PARTICIPANTS TO STRENGTHEN THEIR PERSONAL GROWTH AND WORK WITH COMMUNITY TRANSFORMATION (PARTICIPANTS, EMPLOYEES, VOLUNTEERS, AND COMMUNITY). THIS PROGRAM EDUCATES ON GOVERNMENT PUBLIC POLICY THAT IMPACTS THE RIGHTS OF HOMELESS PEOPLE AND SPONSORS ACTIVITIES FOR EDUCATIONAL AND SOCIAL JUSTICE FORMATION. IN THIS AREA, 7,612 DIRECT SERVICES HAVE BEEN PROVIDED, AND 175 DIVERSE ACTIVITIES HAVE BEEN HELD. THE PROGRAM RECEIVED 3,607.28 IN DONATED PROFESSIONAL SERVICES, OTHER VOLUNTEER SERVICES, DONATED ADVERTISING SPACE, AND PUBLICATION SERVICES.

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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 $8,940,210
Program Service Revenue $0
Investment Income $10,941
Other Revenue $153,454
TOTAL REVENUE $9,104,605

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,602,640
Fundraising Expenses $34,605
Program Expenses $4,235,482
Other Expenses $3,061,225
TOTAL EXPENSES $4,663,865

Year-over-Year Comparison

2023 2022 Change
Revenue $9,104,605 $4,732,021 +0.9%
Expenses $4,663,865 $4,321,414 +0.1%
Net Income $4,440,740 $410,607 +9.8%
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
15
Independent Members
15
Employees
45
Volunteers
90

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
0
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSUE MAYSONET COLON EXECUTIVE DI 40.00
$77,781 $0 $77,781
FELIX R BELLO ACEVEDO VICEPRESIDEN 3.00
Director
$0 $0 $0
DAMASO BERMUDEZ CAINS DIRECTOR 1.00
Director
$0 $0 $0
MARIA I CASTILLO DEL CORAL DIRECTOR 4.00
Director
$0 $0 $0
FELIPE GUZMAN DIRECTOR 20.00
Director
$0 $0 $0
JOSE JUAN JAUNARENA DIRECTOR 2.00
Director
$0 $0 $0
PEDRO J ITURREGUI JIMENEZ DIRECTOR 2.00
Director
$0 $0 $0
LUISETTE M NEGRON ASSISTANT TR 2.00
Director
$0 $0 $0
FRANCISCO PERDOMO TREASURER 3.00
Director
$0 $0 $0
MARIBEL RAMOS DIRECTOR 0.00
Director
$0 $0 $0
MERCEDES PONT ROMAGUERA ASSISTANT SE 6.00
Director
$0 $0 $0
MANUEL SALAS DIRECTOR 20.00
Director
$0 $0 $0
PABLO SEPULVEDA DIRECTOR 10.00
Director
$0 $0 $0
GABRIELA SOLER DIRECTOR 2.00
Director
$0 $0 $0
MARK N WILSON DIRECTOR 25.00
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 $9,104,605 $4,663,865 $8,508,611 $4,440,740
2023 $4,732,021 $4,321,414 $4,045,578 $410,607
2022 $3,967,640 $3,687,905 $4,341,049 $279,735
2021 $3,816,627 $3,667,050 $4,119,346 $149,577
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