Institute For The Puerto Rican Hispanic Elderly Inc
- Assets
- $3.0m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 60
- Location
- Bronx, NY
- Founding
- 06/1980
- Data as of
- 06/2022
- EIN
- 13-2987263
Organization Overview
Institute For The Puerto Rican Hispanic Elderly Inc is located in Bronx, NY. The organization was established in 1980. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. As of 06/2022, Institute For The Puerto Rican Hispanic Elderly Inc employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For The Puerto Rican Hispanic Elderly Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Institute For The Puerto Rican Hispanic Elderly Inc generated $4.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $4.5m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE INSTITUTE FOR THE PUERTO RICAN HISPANIC ELDERLY, INC. (IPRHE) IS A NON-PROFIT ORGANIZATION SPECIALIZING IN PROVIDING QUALITY SERVICES AND PROGRAMS TO MEET THE VARIOUS NEEDS OF HISPANIC AND OTHER ETHNIC/RACIAL LOW AND MIDDLE INCOME SENIORS AND THEIR FAMILIES IN NEW YORK CITY AND ENVIRONS WITH A MISSION TO IMPROVE THEIR QUALITY OF LIFE. IPRHE OFFERS MULTI SERVICES TO THE COMMUNITY IN ORDER TO DETER THE INSTITUTIONALIZATION OF THE ELDERLY, WHILE HELPING TO MAINTAIN THEIR QUALITY OF LIFE AT THE HIGHEST LEVEL POSSIBLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES OLDER ADULT CENTERS THAT PROVIDES SERVICES AND PROGRAMS TO OVER 1000 PARTICIPANTS IN THE NYC BOROUGHS OF MANHATTAN, QUEENS AND THE BRONX. PARTICIPANTS ENROLLED THE OLDER ADULTS CENTERS BENEFIT FROM A VARIETY OF SERVICES AND RESOURCES INCLUDING WELLNESS CHECKS, DAILY MEALS, AND RECREATIONAL ACTIVITIES AND THEY GAIN VALUABLE KNOWLEDGE AND SKILLS THROUGH WORKSHOPS AND CLASSES ON A VARIETY OF TOPICS. THE PROGRAMS ALSO OFFERS BILINGUAL, CULTURALLY RESPONSIVE SOCIAL SERVICES, ADVOCACY, INFORMATION, AND COUNSELING IN A WELCOMING AND FRIENDLY ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raul Russi President | Officer | 1 | $0 |
Lymaris Albors CEO | Officer | $0 | |
Jose R Rodriguez Clo | Officer | $0 | |
Maria Del Carmen Arroy Cheif Admini | Officer | $0 | |
David Collymore Cmo | Officer | $0 | |
Vicky Gatell CFO | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,971,826 |
| All other contributions, gifts, grants, and similar amounts not included above | $65,804 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,037,630 |
| Total Program Service Revenue | $296,169 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,333,867 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,078,486 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $578,992 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $331,608 |
| Advertising and promotion | $0 |
| Office expenses | $204,171 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,200 |
| Travel | $1,565 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,733 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $76,333 |
| Insurance | $106,861 |
| All other expenses | $1,719 |
| Total functional expenses | $4,453,008 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,319 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,508,734 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $308,023 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $107,667 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,415 |
| Total assets | $3,005,158 |
| Accounts payable and accrued expenses | $810,691 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $329,796 |
| Other liabilities | $3,652,546 |
| Total liabilities | $4,793,033 |
| Net assets without donor restrictions | -$1,787,875 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,005,158 |