Hispanic Unity of Florida Inc

Nonprofit profile at a glance

EIN
592230272
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Hollywood, FL, USA
Phone
9549648884
Rating
92
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$9,262,583
Expenses
$9,099,302
Assets
$7,057,535
Liabilities
$2,306,537

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

Leadership & pay

23 people listed

Executive titles in this filing

  • LUIS F PINZON (PRESIDENT/CE)

Highest reported compensation

  • LUIS F PINZON (PRESIDENT/CE): $195,983 total reported compensation
  • LEONOR ROMERO (CFO): $164,329 total reported compensation
  • INGRID EKBLAD (DIRECTOR OPE): $108,637 total reported compensation

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

Overview

Mission

Hispanic unity of Florida, inc. (huf or the organization) was founded in 1982 by community leaders to guide newcomers to the u.s. On their journey to their american dream and to ease the acculturation process. Today, huf is south floridas largest 501(c) (3) dedicated to the immigrant population. With 12 programs and more than 30 services offered in 4 languages, this agency serves south floridas community. Since its inception, huf has served over 587,000 individuals. We provide services in the following program areas: education, economic development, and civic engagement. We also focus on public policy & advocacy. Currently our programs and services are in-person and virtual from over 40 locations. Hufs comprehensive approach to advance and accelerate the pace of social and economic mobility is family-centered, two generation (2gen) and is designed to support individuals and families from varied national and language backgrounds across south Florida. Hufs integrated services provide a s

What it reported doing in 2024

Economic development the center for working families (cwf): a comprehensive approach to advance economic success for hard-working families and their children through workforce development, economic support, and asset building. O wealth building services: provide step by step directions to support clients'financial success. It also focuses on supporting clients to start their journey towards self-sufficiency. First-time home buyers' services provide housing counseling that helps clients find, finance, maintain, rent, or own a home. The program addresses homelessness through counseling and assists homeowners in need of foreclosure assistance. In 2024, 272 individuals were served. O emerging entrepreneurs (ee) program: workshops in english and spanish for existing & emerging small business owners. In 2024, 1,426 individuals were served. This component is developing a structured learning experience that transforms concepts into viable enterprises. E summit: hispanic unity of Florida's annual entrepreneur summit is the capstone experience of its emerging entrepreneurs program. It is a pivotal platform for aspiring and established entrepreneurs to explore new ideas, strategies, and connections crucial for business growth. In 2024, the summit attracted 315 attendees, who benefited from a keynote speaker presentation and four educational workshops on topics spanning ai for business innovation to accessing capital for small businesses. 24 sponsors and community partners supported the event and had on-site representatives for attendees to connect with and broaden their knowledge on available resources. Income support: refers to a range of programs and initiatives designed to provide financial assistance and support to individuals and families with low income or those facing financial hardship but are working towards becoming financially stable. O broward tax pro, formerly known as volunteer income tax assistance (vita), is a free tax preparation service for individuals or families with an annual income of 75,000 or less. In 2024, 3,386 tax returns were submitted. O te ayudo offers health insurance applications and navigation assistance. In 2024, 4,554 individuals were served. O comprando rico y sano is our snap enrollment application assistance process, which is complemented with nutrition education and live cooking demonstrations. In 2024, 6,909 were impacted between snap applications and food distribution. Employment services: these services are designed to equip individuals with the skills, resources, and support necessary to achieve their career aspirations, enhance their employability, and contribute positively to the local workforce. From career counseling and skills development to job placement and ongoing support, our programs aim to create a seamless pathway toward sustainable employment. O workforce education is done through career counseling and coaching, skills training workshops and development programs. Our dedicated team of career counselors conduct personalized sessions to guide individuals in defining their career goals, identifying strengths, and formulating actionable plans. We cover essential topics such as resume writing, interview techniques, and effective communication in the workplace. Our skill development programs, ranging from computer literacy to vocational training, empowered participants with in demand skills that enhanced their employability. O job readiness and placement service organize successful job fairs and networking events that connect job seekers with employers from various industries, fostering meaningful connections and potential job opportunities. Through collaboration with local businesses and organizations, we facilitate job placements for clients, ensuring a smooth transition into the workforce. Our services extend to post-employment support, ensuring individuals successfully integrated into their new roles and addressed any challenges they faced. In 2024, 838 individuals were served through

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 99% 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: 94
  • Transparency & Controls: 91
  • Accountability: 100
  • Sustainability: 36
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 94.7%; rating input score 95
  • Program expense ratio: 96.6%; rating input score 97
  • Fundraising efficiency: $61.21 raised per $1 spent on fundraising; rating input score 81; 81st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • 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: 9 of 9 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: 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: 1.8%; rating input score 40; 40th percentile among comparable filings
  • Total-asset coverage ratio: 0.78; rating input score 29; 29th percentile among comparable filings
  • Liabilities to assets ratio: 0.33; rating input score 32; 32nd percentile among comparable filings
  • Officer compensation ratio: 6.3%; rating input score 45; 45th percentile among comparable filings

Growth

  • Program expense growth: 8.7% per year; rating input score 100; 59th percentile among comparable filings
  • Revenue growth: 6.7% per year; rating input score 100; 53rd percentile among comparable filings
  • Asset growth: 6.2% per year; rating input score 100; 41st percentile among comparable filings

Details

  • Where the money goes: 94.7% of revenue deployed · 96.6% of spending went to programs
  • Governance: 17 of 17 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $8.8M in reported program spending
  • Leadership: top reported pay $196K · 23 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $442K reported
  • Consistency: 35 of 36 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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 — Sustainability: Operating margin scored 40/100.
  • High — Sustainability: Total-asset coverage ratio scored 29/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 32/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Moderate — Sustainability: Officer compensation ratio scored 45/100.