Ceiba
Legal name: Ceiba Inc
Nonprofit profile at a glance
- EIN
- 232732783
- IRS 990 coverage
- 2015–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Philadelphia, PA, US
- Phone
- 215-634-7245
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Urban, Community Economic Development
Reported finances
- Revenue
- $1,046,724
- Expenses
- $743,415
- Assets
- $2,293,192
- Liabilities
- $33,457
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- REV DANNY CORTES (PRESIDENT)
Highest reported compensation
- WILLIAM GONZALEZ (EXECUTIVE DI): $83,548 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Ceiba's mission is to promote the economic development and financial inclusion of the Latino community through collaborations and advocacy aimed at ensuring their access to quality housing. Ceiba's mission is to promote the economic development and financial inclusion of the Latino community through collaborations and advocacy aimed at ensuring their access to quality housing Through Ceiba, the member agencies enhance and coordinate the delivery of their asset building services through an approach that integrates financial literacy, comprehensive housing counseling, free tax preparation services, access to the Earned Income Tax Credit, Individual Development Accounts (IDAs), and public benefits. IDAs are structured savings programs that provide matching funds for participants who meet a savings goal. Ceiba is a leader in meeting the asset building needs of immigrants in Philade.
What it reported doing in 2024
Free tax preparation as a gateway to asset -building - ceiba's holistic approach to economic development helps its partner agencies serve low-to- moderate income families by promoting integration of various services for clients at one point of contact and economies of scale for the agencies. Ceiba coordinates the delivery of economic development services, which include free tax preparation, access to the earned income tax credit and child tax credit, housing counseling, and social service programs.
Operating model
- Revenue model
- Grant-funded. 65% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 87% 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
SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 66
- Transparency & Controls: 83
- Accountability: 85
- Sustainability: 74
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 58.5%; rating input score 59
- Program expense ratio: 81.5%; rating input score 81
- Fundraising efficiency: $19.03 raised per $1 spent on fundraising; rating input score 57; 57th percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.3%; rating input score 93; 22nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 71.9%; rating input score 72; 32nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 75%; rating input score 75; 16th percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 29%; rating input score 84; 84th percentile among comparable filings
- Total-asset coverage ratio: 3.08; rating input score 76; 76th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 66; 66th percentile among comparable filings
- Officer compensation ratio: 11.2%; rating input score 33; 33rd percentile among comparable filings
Growth
- Program expense growth: 16.4% per year; rating input score 100; 77th percentile among comparable filings
- Revenue growth: 17.8% per year; rating input score 100; 83rd percentile among comparable filings
- Asset growth: 26.7% per year; rating input score 100; 88th percentile among comparable filings
Details
- What they do: 1 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 58.5% of revenue deployed · 81.5% of spending went to programs
- Governance: 3 of 4 board members independent · 8 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $606K in reported program spending
- Leadership: top reported pay $84K · 5 people listed
- Consistency: 32 of 33 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors and grants
- Filing history: 10 filing years from 2015 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 — Financial Efficiency: Mission deployment rate scored 59/100.
- Review — Financial Efficiency: Fundraising efficiency scored 57/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Moderate — Sustainability: Officer compensation ratio scored 33/100.