GREATER DALLAS HISPANIC CHAMBER OF COMMERCE

EIN: 751394176 Community Improvement

DALLAS, TX

Total Revenue
$1,091,152
Total Expenses
$1,112,299
Total Assets
$181,848
Net Assets
$-222,721
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Financial Trends

Organization Details

Formation Year
1940
Legal Domicile
TX
Principal Officer
RICARDO ORTIZ
Phone
2145216007
Tax Period
2023-01-01 to 2023-12-31

GREATER DALLAS HISPANIC CHAMBER OF COMMERCE, founded in 1940, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 47% from the prior year, signaling strong growth momentum.

Mission

TO GROW AND SUPPORT THE HISPANIC BUSINESS COMMUNITY IN NORTH TEXAS.

Program Service Accomplishments

Program 1

DALLAS INDEPENDENT SCHOOL DISTRICT PARTNERSHIP - THROUGH THE GDHCC'SPARTNERSHIP WITH THE DALLAS INDEPENDENT SCHOOL DISTRICT (DISD), FUNDINGIS PROVIDED TO MAKE SERVICES AVAILABLE TO M/WBE ENTERPRISES...

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DALLAS INDEPENDENT SCHOOL DISTRICT PARTNERSHIP - THROUGH THE GDHCC'SPARTNERSHIP WITH THE DALLAS INDEPENDENT SCHOOL DISTRICT (DISD), FUNDINGIS PROVIDED TO MAKE SERVICES AVAILABLE TO M/WBE ENTERPRISES SO THEY CANSUCCESSFULLY COMPETE FOR CONTRACTS WITH THE DISK. THE GDHCC HAS HAD APARTNERSHIP WITH DISD FOR OVER 18 YEARS. JUST LIKE WITH THE BAC AND THEGULF REGION SBTRC, THE GDHCC SUCCESSFULLY OPERATES AND EXCEEDSPREFORMANCE REQUIREMENTS. THAT IS WHY IT CONTINUES TO SECURE FUNDINGTHROUGH A COMPETITIVE PROCESS. THE PARTNERSHIP REQUIRES THAT GDHCCSERVE AS A LIAISON TO THE HISPANIC BUSINESS COMMUNITY FOR VENDORENGAGEMENT WITH DISD, DISSEMINATE COMMUNICATIONS TO GDHCC MEMBERSREGARDING UPCOMING PROCUREMENT OPPORTUNITIES AND COLLABORATE WITH THEDISD'S OTHER M/WBE PARTNERS TO PROVIDE SUPPORT IN THEIR ANNUAL

Program 2

GREATER DALLAS HISPANIC CHAMBER OF COMMERCE'S US DEPARTMENT OFTRANSPORTATION (DOT) PROGRAM STRIVES TO INCREASE UTILIZATION OF SMALL,DISADVANTAGED AND/OR MINORITY-OWNED BUSINESSES IN ITS PROCUREMENT...

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GREATER DALLAS HISPANIC CHAMBER OF COMMERCE'S US DEPARTMENT OFTRANSPORTATION (DOT) PROGRAM STRIVES TO INCREASE UTILIZATION OF SMALL,DISADVANTAGED AND/OR MINORITY-OWNED BUSINESSES IN ITS PROCUREMENT ANDCONTRACTING PROCESSES. THE GULF REGION SMALL BUSINESS TRANSPORTATIONRESOUCE CENTER (SBTRC) IS ONE OF ELEVEN REGIONAL FIELD OFFICES OF THEUS DEPARTMET OF TRANSPORTATION'S OFFICE OF SMALL AND DISADVANTAGEDBUSINESS UTILIZATION (OSDBU). THE GULF REGIONS SBTRC PROVIDES SERVICESTO SMALL BUSINESSES IN THE STATES OF TEXAS, LOUISIANA, OKLAHOMA, ANDNEW MEXICO.

Program 3

THE GDHCC COVID-19 SMALL BUSINESS SUPPORT PROGRAM IS A COVID 19INITIATIVE DESIGNED TO HELP AND SUPPORT SMALL MINORITY AND WOMAN OWNEDBUSINESS VIA TECHNICAL ASSISTANCE, EDUCATION AND TRAINING, TO...

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THE GDHCC COVID-19 SMALL BUSINESS SUPPORT PROGRAM IS A COVID 19INITIATIVE DESIGNED TO HELP AND SUPPORT SMALL MINORITY AND WOMAN OWNEDBUSINESS VIA TECHNICAL ASSISTANCE, EDUCATION AND TRAINING, TO ENHANCEBUSINESS OPERATIONS AND BUSINESS OPPORTUNITIES, AS WELL AS CONNECT TOEXISTING GDHCC AND PARTNER RESOURCES ASSOCIATED WITH THE ONGOINGCOVID-19 RECOVERY AND RELIEF EFFORTS.

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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 $1,091,152
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,091,152

Expense Breakdown

Grants Paid $0
Salaries & Benefits $683,251
Fundraising Expenses $107,324
Other Expenses $429,048
TOTAL EXPENSES $1,112,299

Year-over-Year Comparison

2023 2022 Change
Revenue $1,091,152 $742,187 +0.5%
Expenses $1,112,299 $778,434 +0.4%
Net Income $-21,147 $-36,247 -0.4%
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
14
Independent Members
14
Employees
N/A
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
2
$175,306
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDGAR SOTELO BOARD MEMBER 0.75
Director
$0 $0 $0
BEATRICE ALBA MARTINEZ CHAIRMAN OF THE BOARD 1.00
Officer Director
$0 $0 $0
FELIX VARGAS BOARD MEMBER 0.75
Director
$0 $0 $0
MICHAEL J DE LA CRUZ BOARD MEMBER 0.75
Director
$0 $0 $0
JASMIT DHALIWAL SECRETARY 1.00
Director
$0 $0 $0
JOE FRESQUEZ TREASURER 1.00
Director
$0 $0 $0
CHERYL RICHARDS BOARD MEMBER 0.75
Director
$0 $0 $0
FERNANDO ANDRADE BOARD MEMBER 0.75
Director
$0 $0 $0
FERNANDO VARELA BOARD MEMBER 0.75
Director
$0 $0 $0
OLGA LOPEZ VICE CHAIR OF THE BOARD 1.00
Director
$0 $0 $0
SUZANNE CRUZ SEWELL BOARD MEMBER 0.75
Director
$0 $0 $0
NANCY GALVAN BOARD MEMBER 0.75
Director
$0 $0 $0
PATTY ARELLANO-TOLOTTA BOARD MEMBER 0.75
Director
$0 $0 $0
RICARDO ORTIZ PRESIDENT 1.00
Officer
$175,306 $0 $175,306
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 No data No data No data No data
2023 $1,091,152 $1,112,299 $181,848 $-21,147
2022 $742,187 $778,434 $91,707 $-36,247
2021 $581,213 $619,100 $155,913 $-37,887
2020 $900,806 $608,754 $1,176,006 $292,052
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