Latino Health Insurance Program Inc
- Assets
- $718.9k
- Revenue
- $892.1k
- Investments
- $0.0
- Employees
- 9
- Location
- Framingham, MA
- Founding
- 12/2010
- Data as of
- 12/2021
- EIN
- 30-0614874
Organization Overview
Latino Health Insurance Program Inc is located in Framingham, MA. The organization was established in 2010. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. As of 12/2021, Latino Health Insurance Program Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Latino Health Insurance Program 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 12/2021, Latino Health Insurance Program Inc generated $892.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $575.1k during the year ending 12/2021. While expenses have increased by 0.4% per year over the past 7 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
INCREASE ACCESS TO MEDICAL CARE AND FOOD FOR MINORITY RESIDENTS, CONNECT THEM TO MEDICAL FACILITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AGENCYS MAIN PROGRAM IS 1-TO CONNECT CLIENTS TO THE APPROPRIATE HEALTHCARE SERVICES (INCLUDING PRIMARY CARE, SPECIALTY CARE, DENTAL CARE), AND HELP INDIVIDUALS TO APPLY FOR SNAP (FOOD STAMPS) AND WIC.2-TO PROMOTE A MORE EFFECTIVE USE OF PREVENTIVE SERVICES (INCLUDING HEALTH SCREENINGS, PRENATAL CARE, WELLNESS VISITS, AND HEALTH EDUCATION) WHILE REDUCING MEDICAL COST.3-TO OFFER A COMMUNITY BASED, CULTURALLY-SPECIFIC PROGRAM FOR HEALTH INSURANCE ENROLLMENT AND MAINENANCE TO MINORITY RESIDENTS IN MA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Milagros Abreu Presidentceo | OfficerTrustee | 40 | $74,231 |
Cleotilde Mercedes CFO | Officer | 40 | $4,738 |
Alex Muenze Clerk | OfficerTrustee | 1 | $0 |
Rubenia Bomatay Board Member | Trustee | 1 | $0 |
Gerardo Palacios Board Member | Trustee | 1 | $0 |
Juarez Gonzalvez Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $113,531 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $16,488 |
| All other contributions, gifts, grants, and similar amounts not included above | $634,176 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $764,195 |
| Total Program Service Revenue | $127,727 |
| Investment income | $192 |
| 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 | $892,114 |
| 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. | $78,969 |
| Compensation of current officers, directors, key employees. | $21,558 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $239,554 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,723 |
| Payroll taxes | $27,744 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,133 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $55,288 |
| Advertising and promotion | $0 |
| Office expenses | $15,682 |
| Information technology | $3,509 |
| Royalties | $0 |
| Occupancy | $81,115 |
| Travel | $744 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $530 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,650 |
| All other expenses | $0 |
| Total functional expenses | $575,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $620,815 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $81,960 |
| 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 | $9,727 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,350 |
| Total assets | $718,852 |
| Accounts payable and accrued expenses | $34,027 |
| 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 | $34,027 |
| Net assets without donor restrictions | $684,825 |
| 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 | $718,852 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Latino Health Insurance Program Inc has recieved totaling $125,000.
| Awarding Organization | Amount |
|---|---|
Foundation For Metrowest Inc Natick, MA PURPOSE: GENERAL SUPPORT | $75,000 |
Metrowest Health Foundation Inc Framingham, MA PURPOSE: BASIC HEALTH NEEDS - INSURANCE ENROLLMENT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chinese American Planning Council Inc New York, NY | $44,040,107 | $50,081,014 |
Brooklyn Chinese-American Association Inc Brooklyn, NY | $16,442,074 | $13,631,534 |
Mid-Island Y Jewish Community Center Inc Plainview, NY | $9,808,281 | $10,961,733 |
Rian Immigrant Center Inc Boston, MA | $3,539,791 | $6,977,812 |
Chinese Christian Herald Crusades Inc Flushing, NY | $34,224,401 | $8,882,723 |
Korean Community Services Of Metropolitan New York Inc Bayside, NY | $13,398,422 | $7,508,888 |
Haitian Americans United For Progress Hollis, NY | $605,051 | $5,406,105 |
Connecticut Institute For Refugees And Immigrants Inc Bridgeport, CT | $3,814,184 | $6,185,902 |
Journeys End Refugee Services Buffalo, NY | $3,890,672 | $5,653,427 |
Accompany Capital Inc New York, NY | $17,866,704 | $6,735,687 |
International Institute Of Buffalo Inc Buffalo, NY | $4,219,945 | $4,277,400 |
Neighbors Link Corp Mount Kisco, NY | $10,046,885 | $8,877,211 |