Adelante Community Development
- Assets
- $950.6k
- Revenue
- $840.3k
- Investments
- $0.0
- Employees
- 4
- Location
- Commerce City, CO
- Founding
- 09/2015
- Data as of
- 12/2022
- EIN
- 46-5745662
Organization Overview
Adelante Community Development is located in Commerce City, CO. The organization was established in 2015. According to its NTEE Classification (W70) the organization is classified as: Leadership Development, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Adelante Community Development employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adelante Community Development 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 12/2022, Adelante Community Development generated $840.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 58.0% each year . All expenses for the organization totaled $764.1k during the year ending 12/2022. While expenses have increased by 61.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE ECONOMIC AND EDUCATIONAL OPPORTUNITIES FOR LATINOS THROUGH IMPACTFUL PARTNERSHIPS WITH BUSINESS, FAMILIES, AND COMMUNITY STAKEHOLDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH EQUITY PROGRAM: ADELANTE FOCUSES ON PROVIDING ACCESS THROUGH REFERRAL TO THE MOST BASIC HEALTH SERVICES. HEALTH DISPARITIES HAVE DISPROPORTIONATELY HARMED OUR SPANISH-SPEAKING AND IMMIGRANT COMMUNITY BY HISTORICALLY EXCLUDING OUR COMMUNITY MEMBERS FROM HAVING INSURANCE COVERAGE AND LIMITED KNOWLEDGE OF HEALTH RESOURCES AND HOW TO ACCESS CRITICAL CARE. WE KNOW THAT HEALTH SUCCESS IS INTEGRAL TO ECONOMIC SUCCESS. HEALTHY ENTREPRENEURS ARE ESSENTIAL FOR COMMUNITIES TO THRIVE.
ENTREPRENEURSHIP PROGRAM:ADELANTE IS PROUDLY PIONEERING THE GROWTH OF THE SPANISH-SPEAKING START-UP ECOSYSTEM IN COLORADO, FOSTERING INNOVATION, HEALTH EQUITY, AND ECONOMIC MOBILITY WITHIN OUR VIBRANT AND DIVERSE COMMUNITY. ADELANTE COMMUNITY DEVELOPMENT IS A ONE-STOP SHOP FOR SPANISH-SPEAKING ENTREPRENEURS AND THEIR FAMILIES. WE FOCUS ON THE WHOLE PERSON, AND THEIR WELL-BEING BY PROVIDING EDUCATION AND SUPPORT WITH TECHNICAL SKILLS, ESSENTIAL DIGITAL AND BUSINESS SKILLS, HEALTH, AND WELLNESS AS WELL AS RESOURCE AND REFERRAL. OUR FOCUS IS ON CREATING ECONOMIC MOBILITY AND EQUITABLE COMMUNITY ASSETS. UNDERSTANDING THE CHALLENGES ENTREPRENEURS FACE IN NAVIGATING COMPLEX REGULATIONS, WE HAVE DEVELOPED NEW RESOURCES AND TOOLS TO SUPPORT THEM IN THIS CRUCIAL ASPECT OF THEIR BUSINESS JOURNEY. WE OFFER COMPREHENSIVE GUIDES, CHECKLISTS, AND INTERACTIVE WORKSHOPS TO HELP ENTREPRENEURS BETTER UNDERSTAND AND COMPLY WITH VARIOUS LEGAL AND COMPLIANCE REQUIREMENTS. BY DEMYSTIFYING THESE COMPLEXITIES, WE EMPOWER ENTREPRENEURS TO FOCUS ON THEIR CORE BUSINESS OPERATIONS AND GROWTH, CONFIDENT IN THEIR ABILITY TO NAVIGATE THE REGULATORY LANDSCAPE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Gonzalez Executive Dir. | Officer | 40 | $152,094 |
Vanessa Huerta Director | Trustee | 0 | $0 |
Nancy Flock Director | Trustee | 0 | $0 |
Rocio Perez Director | Trustee | 0 | $0 |
Jimmy Burds Director | Trustee | 0 | $0 |
Diana Bustillos Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $503,545 |
| All other contributions, gifts, grants, and similar amounts not included above | $334,714 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $838,259 |
| Total Program Service Revenue | $2,000 |
| 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 | $840,279 |
| 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. | $152,094 |
| Compensation of current officers, directors, key employees. | $38,024 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $72,749 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $31,819 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,614 |
| Fees for services: Accounting | $40,791 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $266,534 |
| Advertising and promotion | $32,263 |
| Office expenses | $11,078 |
| Information technology | $19,186 |
| Royalties | $0 |
| Occupancy | $50,409 |
| Travel | $7,738 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,842 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $731 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $764,107 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $948,223 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $2,367 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $950,590 |
| Accounts payable and accrued expenses | $1,977 |
| 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 | $62,762 |
| Unsecured mortgages and notes payable | $51,068 |
| Other liabilities | $746,131 |
| Total liabilities | $861,938 |
| Net assets without donor restrictions | $74,208 |
| Net assets with donor restrictions | $14,444 |
| 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 | $950,590 |