Aguila Inc
- Assets
- $5.8m
- Revenue
- $133.1k
- Investments
- $0.0
- Employees
- 35
- Location
- Great Neck, NY
- Founding
- 01/2003
- Data as of
- 06/2023
- EIN
- 13-4141751
Organization Overview
Aguila Inc is located in Great Neck, NY. The organization was established in 2003. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 06/2023, Aguila Inc employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aguila 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 06/2023, Aguila Inc generated $133.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (50.7%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDED TRANSITIONAL HOUSING AND OTHER SUPPORT SERVICES TO HOMELESS FAMILIES & INDIVIDUALS IN NYC
Describe the Organization's Program Activity:
Part 3 - Line 4a
WHEN AGUILA, INC. WAS OPERATING, THE MISSION WAS TO HELP FAMILIES AND INDIVIDUALS THRIVE IN NEW YORK CITY THROUGH THE PROVISION OF TRANSITIONAL HOUSING AND OTHER SUPPORT SERVICES. OFTEN THIS INVOLVED BREAKING THE CYCLE OF GENERATIONAL AND SITUATIONAL HOMELESSNESS. THE ORGANIZATION PARTNERED WITH NEW YORK CITY DEPARTMENT OF HOMELESS SERVICES. THE HOUSING WAS SAFE AND SECURE AND CREATED A COHESIVE AND HOMELIKE ATMOSPHERE TO HELP FAMILIES REBUILD THEIR LIVES AND GET BACK ON THE PATH TO INDEPENDENT LIVING. THE ORGANIZATION'S SOCIAL SERVICE STAFF DELIVERED AN ARRAY OF CLIENT SERVICES INCLUDING JOB PLACEMENT, ADVOCACY AND CHILDHOOD ENRICHMENT PROGRAMS. THEY ALSO COORDINATED SUPPORT AVAILABLE TO CLIENTS IN THE LOCAL COMMUNITY. THE SOCIAL SERVICES WERE PROVIDED TO CLIENTS RESIDING IN THE ORGANIZATION'S TRANSITIONAL HOUSING AND ALSO TO RESIDENTS OF TRANSITIONAL HOUSING MAINTAINED BY OTHER PROGRAMS. THE ORGANIZATION'S HOUSING SPECIALISTS ASSISTED CLIENTS TO FIND PERMANENT AFFORDABLE QUALITY HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori Lapin Jones ESQ Plan Administrator | Trustee | 8 | $41,447 |
Raymond Sanchez Ceo, Thru Aug 2022 | Officer | 35 | $129,406 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cullen & Dykman Llp Legal Services | 6/29/23 | $290,122 |
Davidoff Hutcher & Citron Llp Legal Services | 6/29/23 | $119,258 |
Perlong Llc The Hrxperts Human Resources Services | 6/29/23 | $102,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $871 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $100,547 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $133,087 |
| 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. | $110,484 |
| Compensation of current officers, directors, key employees. | $110,484 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,038 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,740 |
| Payroll taxes | $7,763 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $493,327 |
| Fees for services: Accounting | $242,192 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $118,234 |
| Advertising and promotion | $0 |
| Office expenses | $764 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,550 |
| Travel | $705 |
| 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 | $0 |
| Insurance | $98,359 |
| All other expenses | $5,840 |
| Total functional expenses | $1,109,996 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $204,942 |
| Savings and temporary cash investments | $1,666,777 |
| Pledges and grants receivable | $3,883,313 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,755,032 |
| Accounts payable and accrued expenses | $10,132,128 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,132,128 |
| Net assets without donor restrictions | -$4,377,096 |
| 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 | $5,755,032 |