Puertorriguenos Asociados For Community Organization Inc
- Assets
- $2.8m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 25
- Location
- Jersey City, NJ
- Founding
- 10/1971
- Data as of
- 09/2023
- EIN
- 22-1911769
Organization Overview
Puertorriguenos Asociados For Community Organization Inc, operating under the name Paco, is located in Jersey City, NJ. The organization was established in 1971. According to its NTEE Classification (L81) the organization is classified as: Home Improvement & Repairs, under the broad grouping of Housing & Shelter and related organizations. As of 09/2023, Paco employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Paco 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 09/2023, Paco generated $2.8m 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 (9.2%) each year. All expenses for the organization totaled $2.7m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF PUERTORRIQUENOS ASOCIADOS FOR COMMUNITY ORGANIZATION, INC. (PACO) IS TO EMPOWER AND ASSIST THE COMMUNITY TO ATTAIN ITS DESIRED SUCCESSES. PACO ACCOMPLISHES THIS MISSION BY PROVIDING A VARIETY OF SOCIAL, HUMAN, AND EDUCATIONAL SERVICES. PACO ALSO WORKS TO PROVIDE AFFORDABLE HOUSING TO LOW-AND-MODERATE INCOME FAMILIES AND PARTICIPATES IN EDUCATIONAL REFORM EFFORTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENERGY CONSERVATION SERVICES - PROGRAMS ASSIST LOW-INCOME, ELIGIBLE HOUSEHOLDS WITH DIFFICULTY PAYING THEIR HEATING AND COOLING BILLS. PROGRAMS OFFER PROVISIONS FOR EMERGENCY HEATING SYSTEM SERVICES AND EMERGENCY FUEL ASSISTANCE AND WEATHERIZING THEIR HOMES, IMPROVING THEIR HEATING SYSTEM EFFICIENCY, AND CONSERVING ENERGY.
YOUTH AND FAMILY SERVICES - TO PROVIDE YOUTH AND FAMILY PROGRAMS WHICH OFFER A RANGE OF SOCIAL SERVICES TO EMPOWER, SET VISION, HOPE, AND STRENGTH TO ACHIEVE THEIR DESIRED GOALS.
SOCIAL SERVICES - PROGRAMS PROVIDE A MULTI-SERVICE, INFORMATIONAL, AND REFERRAL ASSISTANCE THAT IS GEARED TO EMPOWER INDIVIDUALS AND FAMILIES ON A PATH TO SELF-SUFFICIENCY.
LOW INCOME HOUSING - PROVIDE AFFORDABLE HOUSING TO LOW INCOME FAMILIES IN JERSEY CITY, NJ.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Molina Chairman | OfficerTrustee | 5 | $0 |
Sonia Araujo Vice Chair | OfficerTrustee | 5 | $0 |
Israel Nieves Treasurer | OfficerTrustee | 5 | $0 |
Edward P Fowlkes Secretary | OfficerTrustee | 5 | $0 |
Vivianne Jimenez Trustee | Trustee | 5 | $0 |
Vishnu Khemraj Trustee | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
New Land Construction Llc General Contractor | 9/29/23 | $296,401 |
Excelsior Plumbing Company Inc Plumbing Services | 9/29/23 | $295,897 |
Better Energy Solutions Inc General Contractor | 9/29/23 | $261,335 |
Alliance Oil Co Inc Heating Systems | 9/29/23 | $241,878 |
Promen Plumbing Inc Plumbing Services | 9/29/23 | $160,313 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,556,132 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,974 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,561,106 |
| Total Program Service Revenue | $216,387 |
| Investment income | $3,293 |
| 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 | $2,780,819 |
| 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. | $109,184 |
| Compensation of current officers, directors, key employees. | $17,554 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $784,976 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $140,726 |
| Payroll taxes | $76,410 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $88,186 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $958,174 |
| Advertising and promotion | $26,663 |
| Office expenses | $100,799 |
| Information technology | $72,515 |
| Royalties | $0 |
| Occupancy | $130,783 |
| Travel | $5,812 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,576 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,275 |
| Insurance | $84,429 |
| All other expenses | $0 |
| Total functional expenses | $2,681,451 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $528,752 |
| Savings and temporary cash investments | $26,005 |
| Pledges and grants receivable | $982,701 |
| Accounts receivable, net | $58,814 |
| 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 | $58,765 |
| Net Land, buildings, and equipment | $972,390 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $132,286 |
| Total assets | $2,759,713 |
| Accounts payable and accrued expenses | $176,866 |
| 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 | $1,112,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $349,848 |
| Total liabilities | $1,638,714 |
| Net assets without donor restrictions | $209,999 |
| Net assets with donor restrictions | $911,000 |
| 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 | $2,759,713 |