Casa Boricua De Meriden Inc

Nonprofit profile at a glance

EIN
061022207
IRS 990-EZ coverage
2014–2017
Forms available
Form 990-EZ 2017
Location
Meriden, CT, USA
Phone
2032351082
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Human Service Organizations

Reported finances

Revenue
$57,496
Expenses
$63,992
Assets
$147,007
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2017. Amounts in USD.

Leadership & pay

6 people listed

People named in this filing

  • GENARO CARRERO JR (BOARD CHAIR)
  • KIMAIRA SERPA (BOARD VICE CHAIR)
  • EDDIE CAJIGAS (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Our mission is to improve the education, health and social well-being of the hispanic/latino community in the greater meriden, Connecticut area. We provide social services, case management, dss forms and redetermination, employment resources, access to an onsite computer lab, housing assistance, esl classes, translation, interpretation, referrals to legal and health services; and we host a hispanic nutrition senior center.

What it reported doing in 2017

During the 2017-2018 fiscal year, we served approximately 1,250 social services clients (150% or below the poverty line), esl students and senior citizens.99% of our people served are hispanic or latino.100% of clients seeking information, assistance with form completion, translation services and referrals to appropriate service providers had their needs met.95% of clients received services to satisfy basic needs and maintain satisfactory life function.83% of clients developed a better understanding of the local job market and employment opportunities.98% of the english as a second language students showed improvement on assessed skills and signed up for continuing english studies with the meriden adult education program.in addition, we are the meriden welcome center for the puerto rico evacuees after hurricane maria.

Operating model

Revenue model
Donor-supported. 91% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 93
  • Transparency & Controls: 82
  • Sustainability: 49
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 96.6%; rating input score 97
  • Program expense ratio: 86.8%; rating input score 87

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -11.3%; rating input score 28; 28th percentile among comparable filings
  • Total-asset coverage ratio: 2.3; rating input score 69; 69th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 74; 74th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -18.9% per year; rating input score 0; 19th percentile among comparable filings
  • Revenue growth: -18.6% per year; rating input score 0; 17th percentile among comparable filings
  • Asset growth: -3.8% per year; rating input score 0; 30th percentile among comparable filings

Details

  • Where the money goes: 96.6% of revenue deployed · 86.8% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $56K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 4 filing years from 2014 to 2017
  • Contacts: How to reach this organization
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 28/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.