Spanish Speaking Elderly Council - Raices Inc
Nonprofit profile at a glance
- EIN
- 112730462
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024
- Location
- Brooklyn, NY, USA
- Phone
- 7186430232
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $3,816,751
- Expenses
- $3,795,307
- Assets
- $2,469,087
- Liabilities
- $1,918,551
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- LISETTE SOSA-DICKSON (EXECUTIVE DIRECTOR)
- YVONNE COTTO (ASSOCIATE EXECUTIVE DIRECTOR)
Highest reported compensation
- LISETTE SOSA-DICKSON (EXECUTIVE DIRECTOR): $201,095 total reported compensation
- YVONNE COTTO (ASSOCIATE EXECUTIVE DIRECTOR): $126,097 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Raices' mission is to respond to the unmet needs of the latino, african-american and low-income community and seek to improve their quality of life through advocacy and the direct provision of targeted services with work across the generations and a particular emphasis on the needs of older adults.
What it reported doing in 2024
The spanish speaking elderly council-raices (raices) through its nine (9) senior centers, its outpatient mental health clinic and the raices access program provides congregate breakfasts, congregate lunch, case assistance, nutrition education, educational and recreational activities, celebration of cultural events, health promotion, outreach services, benefit and entitlement counseling, mental health intervention, and other social services, to approximately 2,074 hispanic, black and low income participants on a yearly basis. Through these services in fiscal year 2025, raices provided 4,560 case assistance and 5,032 information and referral.
Operating model
- Revenue model
- Grant-funded. 94% of the money available for current operations came from government grants.
- 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 74
- Accountability: 90
- Sustainability: 29
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 87.2%; rating input score 87
- Program expense ratio: 87.7%; rating input score 88
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- 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: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Fail
- Whistleblower policy: Pass
- Document-retention policy: Fail
- 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: 0.6%; rating input score 36; 36th percentile among comparable filings
- Total-asset coverage ratio: 0.65; rating input score 24; 24th percentile among comparable filings
- Liabilities to assets ratio: 0.78; rating input score 11; 11th percentile among comparable filings
- Officer compensation ratio: 8.6%; rating input score 35; 35th percentile among comparable filings
Growth
- Program expense growth: 1.9% per year; rating input score 100; 22nd percentile among comparable filings
- Revenue growth: 2.2% per year; rating input score 100; 22nd percentile among comparable filings
- Asset growth: 15.4% per year; rating input score 100; 75th percentile among comparable filings
Details
- Where the money goes: 87.2% of revenue deployed · 87.7% of spending went to programs
- Governance: 5 of 5 board members independent · 6 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $3.3M in reported program spending
- Leadership: top reported pay $201K · 7 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 2 contractors listed · $466K reported
- Consistency: 32 of 32 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 13 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 2 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.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- Moderate — Sustainability: Operating margin scored 36/100.
- High — Sustainability: Total-asset coverage ratio scored 24/100.
- High — Sustainability: Liabilities to assets ratio scored 11/100.
- Moderate — Sustainability: Officer compensation ratio scored 35/100.