Little Havana Social Services Inc
Nonprofit profile at a glance
- EIN
- 473665350
- IRS 990 coverage
- 2017–2024
- Forms available
- Form 990 2024
- Location
- Miami, FL, USA
- Phone
- 3058580887
- Rating confidence
- Limited
- Sector
- Single Organization Support
Reported finances
- Revenue
- $0
- Expenses
- $403,461
- Assets
- $23,506,409
- Liabilities
- $15,493,536
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- RAFAEL IGLESIAS (PRESIDENT, CEO)
Highest reported compensation
- RAFAEL IGLESIAS (PRESIDENT, CEO): $240,000 total reported compensation
- ROBERT VARGAS (CFO): $154,500 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 construct a new multipurpose facility for the elderly.
What it reported doing in 2024
Provide affordable housing facilities to the elderly persons.
Operating model
- Revenue model
- No positive adjusted resources. The filing reports no positive adjusted operating resources.
- 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
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: 75
- Transparency & Controls: 60
- Accountability: 76
- Sustainability: 28
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 83.3%; rating input score 83; 25th percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: 58.26; rating input score 92; 92nd percentile among comparable filings
- Liabilities to assets ratio: 0.66; rating input score 9; 9th percentile among comparable filings
- Officer compensation ratio: Limited
Growth
- Program expense growth: 5.1% per year; rating input score 100; 66th percentile among comparable filings
- Revenue growth: 3.8% per year; rating input score 100; 74th percentile among comparable filings
- Asset growth: -0.9% per year; rating input score 0; 36th percentile among comparable filings
Details
- Where the money goes: 100% of spending went to programs
- Governance: 5 of 6 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $403K in reported program spending
- Leadership: top reported pay $240K · 7 people listed · 0 of 6 pay-setting controls reported
- Consistency: 17 of 17 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 7 filing years from 2017 to 2024
- Contacts: How to reach this organization
- 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.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- High — Sustainability: Liabilities to assets ratio scored 9/100.
- High — Growth: Asset growth scored 0/100.