Loisaida Inc
- Assets
- $988.5k
- Revenue
- $613.3k
- Investments
- $0.0
- Employees
- 5
- Location
- Bronx, NY
- Founding
- 10/1982
- Data as of
- 06/2021
- EIN
- 13-3023183
Organization Overview
Loisaida Inc is located in Bronx, NY. The organization was established in 1982. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. As of 06/2021, Loisaida Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loisaida 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 06/2021, Loisaida Inc generated $613.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $464.8k during the year ending 06/2021. While expenses have increased by 8.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD A CONNECTION BETWEEN COMMUNITY, LEARNERS, ARTISTS AND SCHOLARS THROUGH AFFORDABLE EDUCATION OPPORTUNITIES IN CULTURAL FIELDS, S.T.E.A.M. DESIGN AND EVERYDAY LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ADDRESS THE SERIOUS ECONOMIC AND SOCIAL DISENFRANCHISEMENT OF POOR AND LOW INCOME LATINO RESIDENTS, WITH EMPLOYMENT AND TRAINING OPPORTUNITIES, COMPREHENSIVE YOUTH DEVELOPMENT INITIATIVES. (SEE SCHEDULE O FOR DETAILS).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angel Audiffred Vice Chair | OfficerTrustee | 2 | $0 |
Kaleb H Sanchez ESQ Chair | OfficerTrustee | 2 | $0 |
Anthony Rivera Secretary | OfficerTrustee | 2 | $0 |
Wilfred Renta Treasurer | OfficerTrustee | 2 | $0 |
Raul Russi CEO And President | Officer | 1 | $0 |
Jose R Rodriguez Clo | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $43,001 |
| Related organizations | $10,000 |
| Government grants | $486,202 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,854 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $572,057 |
| Total Program Service Revenue | $0 |
| 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 | $613,263 |
| 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 | $149,199 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,295 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,112 |
| Fees for services: Accounting | $13,204 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $144,523 |
| Advertising and promotion | $0 |
| Office expenses | $29,339 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $65,438 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,032 |
| Insurance | $16,634 |
| All other expenses | $0 |
| Total functional expenses | $464,776 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,650 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $572,218 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $20,769 |
| Net Land, buildings, and equipment | $363,849 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $988,486 |
| Accounts payable and accrued expenses | $35,093 |
| 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 | $50,430 |
| Other liabilities | $318,074 |
| Total liabilities | $403,597 |
| Net assets without donor restrictions | $390,151 |
| Net assets with donor restrictions | $194,738 |
| 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 | $988,486 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Loisaida Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Phipps Houses New York, NY PURPOSE: LOISAIDA FESTIVAL SPONSORSHIP | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Turning Points For Children Philadelphia, PA | $49,075,504 | $61,666,968 |
Family Health Center Of Worcester Inc Worcester, MA | $12,676,950 | $56,870,646 |
Family Service League Inc Huntington, NY | $59,056,765 | $58,964,732 |
Wesley Family Services Pittsburgh, PA | $21,969,339 | $57,226,294 |
Acenda Inc Glassboro, NJ | $48,440,904 | $48,619,140 |
Lakewood Resource And Referral Center Inc Lakewood, NJ | $45,013,117 | $65,769,816 |
The Village For Families & Children Inc Hartford, CT | $142,375,590 | $47,142,343 |
Wayside Youth & Family Support Network Framingham, MA | $43,783,869 | $41,380,096 |
Child & Family Services Inc New Bedford, MA | $21,919,965 | $37,057,328 |
Family Services Of Westchester Inc Purchase, NY | $15,513,115 | $28,897,436 |
Child & Family Services Of Erie County Buffalo, NY | $11,859,007 | $28,079,728 |
Cooke School And Institute New York, NY | $87,858,830 | $28,836,846 |