Apoyo Legal Al Emprendimiento Comunitario Inc

Nonprofit profile at a glance

EIN
660948433
IRS 990 coverage
2022–2024
Forms available
Form 990 2024, Form 990-N 2021
Location
Caguas, PR, USA
Phone
7875012938
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Legal Services

Official website

Reported finances

Revenue
$1,582,974
Expenses
$1,264,464
Assets
$326,369
Liabilities
$2,926

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • JOSE BALDAGUEZ (PRESIDENT)

Highest reported compensation

  • RICARDO DIAZ (DIRECTOR): $26,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Professional organization that seeks to represent and advance the legal aspects of community-based and faith-based social enterprises committed to promoting the social economic development of Puerto Rico.

What it reported doing in 2024

This year, ALECI provided educational workshops and direct legal services to OSFL and Social Enterprises such as Comedores Sociales de Puerto Rico, BoriDoulas Inc, EcoRecursos Comunitarios Inc, Propiedad de Trabajadoras Costura Sin Límites, Instituto Socio-Económico Comunitario Inc, Crear con Salud, among others. Additionally, as a fiscal sponsor, it offered its services not only by facilitating access to donations but also by supporting beneficiaries in compliance and accountability processes with donors. This included organizations such as Iniciativa de Ecodesarrollo de Bahía Jobos (IDEBAJO) in Salinas, Finca Alvolante Inc in Las Marías, and the Instituto para la Investigación y Acción en Agroecología (IALA-PR) in San Juan. We also assisted in reviewing deeds and provided advice on purchase and sale processes, among other services, as part of the Acceso a Tierras campaign led by IALA-PR.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 92% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 94
  • Accountability: 74
  • Sustainability: 54
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 78.4%; rating input score 78
  • Program expense ratio: 98.1%; rating input score 98
  • Fundraising efficiency: $223.35 raised per $1 spent on fundraising; rating input score 92; 92nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 99.6%; rating input score 100; 50th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 83.3%; rating input score 83; 19th percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 20.1%; rating input score 76; 76th percentile among comparable filings
  • Total-asset coverage ratio: 0.26; rating input score 12; 12th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 70; 70th percentile among comparable filings
  • Officer compensation ratio: 2.1%; rating input score 58; 58th percentile among comparable filings

Growth

  • Program expense growth: 136.3% per year; rating input score 100; 99th percentile among comparable filings
  • Revenue growth: 137.7% per year; rating input score 100; 100th percentile among comparable filings
  • Asset growth: -102.7% per year; rating input score 0; 0th percentile among comparable filings

Details

  • Where the money goes: 78.4% of revenue deployed · 98.1% of spending went to programs
  • Governance: 5 of 6 board members independent · 5 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $1.2M in reported program spending
  • Leadership: top reported pay $26K · 6 people listed
  • Consistency: 20 of 20 current checks pass
  • Schedules: 5 filed schedules · includes major donors and grants
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 12/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 58/100.