Fundacion Comunitaria De Puerto Rico Servicios

Nonprofit profile at a glance

EIN
660971269
IRS 990-EZ coverage
2023–2024
Forms available
Form 990 2022, Form 990-EZ 2024
Location
San Juan, PR, USA
Phone
7877211037
Rating confidence
Limited
Sector
Urban, Community Economic Development

Reported finances

Revenue
$0
Expenses
$0
Assets
$0
Liabilities
$0

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

Leadership & pay

5 people listed

People named in this filing

  • NELSON I COLON (DIRECTOR)
  • ANTONIO ESCUDERO (PRESIDENTE)
  • MARTA ELSA FERNANDEZ (DIRECTOR)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To enhance the economic, entrepreneurial, and cultural well-being of the People of Puerto Rico by, 1 Administering, managing, and implementing social, economic, and environmental projects with federal, state, and private funding, 2 Stimulating and fostering the establishment of solar communities as well as administering and managing renewable energy systems for the benefit of the community; Strengthening community aqueducts community engagement, infrastructure and management. Additionally, this corporation, as a wholly owned subsidiary of the Puerto Rico Community Foundation, Inc., shall be operated and supervised in accordance with the purposes of the Puerto Rico Community Foundation, Inc.

What it reported doing in 2024

CERI purpose is to ensure that critical community facilities such as educational, health, and economic development community centers, community-based organizations and businesses- can successfully and uninterruptedly operate through affordable renewable energy systems, even amid catastrophic natural disasters and power blackouts, while promoting more equitable access to the resources needed to meet the 2050 goal of a 100 percent renewable energy grid in Puerto Rico. The establishment of CERI was supported by a study of Puerto Rico's energy infrastructure, critical facilities, and renewable energy public policies. Some key highlights of these study findings define and determine CERI scopes and strategies are Puerto Rico is geographically exposed to severe hurricanes and seismic activity. Puerto Rico has a very fragile and outdated energy system. Power interruptions of up to 11 months were experienced after Hurricane Maria 2017. Within and without disasters, the central rural mountainous area and its mostly low-income residents are constantly vulnerable and susceptible to energy blackouts. Despite an avalanche of federal recovery funds, many obstacles combine to obstruct and delay effective long-term solutions to the generalized energy vulnerability. Financial institutions consider low to moderate-income communities and their non-profit critical service providers as high risk borrowers. The establishment of microgrids is an expensive proposition.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 65
  • Sustainability: NotEnoughData
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 80%; rating input score 80; 2nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: Limited
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: -200% per year; rating input score 0; 0th percentile among comparable filings
  • Revenue growth: -150% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: -150% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 8 of 9 current checks pass · 1 finding to review
  • Schedules: 1 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 1 filed related-organization link
  • 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.

  • Moderate — Transparency & Controls: Series filing activity did not reconcile in the filed values.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.