Centro Hispano Daniel Torres Inc

Nonprofit profile at a glance

EIN
232041081
IRS 990 coverage
2014–2024
Forms available
Form 990 2024
Location
Reading, PA, USA
Phone
6106851265
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Ethnic, Immigrant Centers

Official website

Reported finances

Revenue
$3,318,144
Expenses
$3,567,804
Assets
$4,652,103
Liabilities
$2,426,966

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

Leadership & pay

10 people listed

Executive titles in this filing

  • MICHAEL TOLEDO (CEO)

Highest reported compensation

  • MICHAEL TOLEDO (CEO): $166,476 total reported compensation

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

Overview

Mission

To support and enhance the acculturation of the latino population in the greater reading area through collaborative initiatives designed to enable individuals to improve their quality of life and the quality of life in their communities.

What it reported doing in 2024

Family and wellness services: information and referral advocacy programsafety net program providing direct services and referrals to community social service agencies for members of our community. Through our information and referral advocacy program, community members gain increased access to essential services. Our team guides individuals to relevant resources, such as healthcare services, educational programs, and employment opportunities. We also assist with completing applications, advocacy, translation/interpretation, and notary services. Our welcoming center provided over 15,000 information and referral sessions last year.see additional information on schedule o.senior center programminga community center for adults 60 years of age, striving to prevent the crippling psychological and physical effects of isolation. This program utilizes a holistic approach and offers services such as individual case management, group activities, health classes, computer classes, exercises, and culturally-appropriate nutritional daily meals. This fiscal year we served over 155,000 meals to our seniors.medical interpreting/community health worker programmedical interpreter/community health worker program promotes access to healthcare by facilitating and enhancing the communication between senior patients and providers during a healthcare appointment. Program provides interpreters for senior citizens during medical appointments. Health education is also provided to seniors to help them with their overall health and wellness.prevention education on domestic and sexual violence initiativein collaboration with safeberks, the center works to educate and raise the awareness of the latino community on domestic violence, increasing access to support services for victims of domestic violence in a manner that is culturally and linguistically appropriate.helplink initiativethe program assists individuals and families in finding the benefits, programs, and local resources needed to cope with difficult economic circumstances through the state compass system (an online application system for pennsylvanians to apply for many health and human service programs).food vendor-meals on wheelsas the local vendor for meals on wheels program for the city of reading, we provide nutritious meals to homebound seniors. This initiative in partnership with local community benefit organization berks encore provides meals to seniors who are homebound. Last year the center served over 175,000 meals to homebound and senior citizens. Cacfp food servicecentro hispano is a sponsor of the child and adult care food program (cacfp). This is a federal program that provides reimbursements for nutritious meals and snacks to eligible children who are enrolled for care at participating child care centers and provides reimbursements for meals served to children and youth participating in afterschool care programs. Cacfp contributes to the wellness, healthy growth, and development of young children in our community. This fiscal year we have served over 500,000 meals to children being served through our cacfp program.summer food service programensuring children have access to nutritious meals and snacks when school is not in session, the centro hispano is a vendor for the summer food service program (sfsp) in reading. The program is a federally-funded, state-administered program that allows us to serve free healthy meals and snacks to children and teens in low-income areas. This fiscal year we served over 25,000 meals to children participating in the program.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 92
  • Transparency & Controls: 70
  • Accountability: 100
  • Sustainability: 30
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 98.1%; rating input score 98
  • Program expense ratio: 90.8%; rating input score 91
  • Fundraising efficiency: $23.36 raised per $1 spent on fundraising; rating input score 63; 63rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd 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: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -7.5%; rating input score 16; 16th percentile among comparable filings
  • Total-asset coverage ratio: 1.3; rating input score 46; 46th percentile among comparable filings
  • Liabilities to assets ratio: 0.52; rating input score 20; 20th percentile among comparable filings
  • Officer compensation ratio: 4.7%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 13.6% per year; rating input score 100; 75th percentile among comparable filings
  • Revenue growth: 13.5% per year; rating input score 100; 78th percentile among comparable filings
  • Asset growth: 22.4% per year; rating input score 100; 87th percentile among comparable filings

Details

  • Where the money goes: 98.1% of revenue deployed · 90.8% of spending went to programs
  • Governance: 9 of 9 board members independent · 8 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $3.2M in reported program spending
  • Leadership: top reported pay $166K · 10 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 3 contractors listed · $986K reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 11 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • High — Sustainability: Operating margin scored 16/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 46/100.
  • High — Sustainability: Liabilities to assets ratio scored 20/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.