Buffalo Hispanic Management Company Inc
- Assets
- $4.3m
- Revenue
- $409.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Buffalo, NY
- Founding
- 06/1992
- Data as of
- 12/2021
- EIN
- 22-3035890
Organization Overview
Buffalo Hispanic Management Company Inc is located in Buffalo, NY. The organization was established in 1992. According to its NTEE Classification (A02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buffalo Hispanic Management Company Inc is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION HOLDS TITLE TO REAL PROPERTY FOR THE BENEFIT OF OTHER 501(C)(3) TAX EXEMPT ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HOLDS TITLE TO REAL PROPERTY FOR THE BENEFIT OF OTHER 501(C)(3) TAX EXEMPT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gilbert Hernandez Chairman | Officer | 2 | $0 |
Milagros Baez O'toole Secretary | Officer | 2 | $0 |
Luis Santiago Treasurer | Officer | 2 | $0 |
Carmen Melendez Member | Trustee | 2 | $0 |
Eleanor Paterson PHD Member | Trustee | 2 | $0 |
Maria Lopez Member | Trustee | 2 | $0 |
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 | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $408,967 |
| 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 | $408,967 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,590 |
| Advertising and promotion | $0 |
| Office expenses | $2,588 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $191 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $70,684 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $95,713 |
| Insurance | $0 |
| All other expenses | $2,681 |
| Total functional expenses | $356,315 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $239,153 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $40,391 |
| 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 | $7,975 |
| Net Land, buildings, and equipment | $3,898,459 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $36,453 |
| Other assets | $34,690 |
| Total assets | $4,257,121 |
| Accounts payable and accrued expenses | $236,487 |
| 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 | $1,246,480 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,594,500 |
| Total liabilities | $4,077,467 |
| Net assets without donor restrictions | $179,654 |
| 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 | $4,257,121 |
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Perkins Center For The Arts Moorestown, NJ | $1,258,666 | $1,432,700 |
House Foundation For The Arts Inc New York, NY | $629,706 | $1,012,293 |
New Jersey Theatre Alliance Allenhurst, NJ | $2,374,928 | $995,314 |
Connecticut Music Educators Assn Inc Cromwell, CT | $684,786 | $660,296 |
Art Resources Transfer Inc New York, NY | $322,136 | $639,045 |
We Have Stories New York, NY | $700 | $383,150 |
Buffalo Hispanic Management Company Inc Buffalo, NY | $4,257,121 | $408,967 |
Main St Pittsburgh, PA | $22,323 | $0 |