Centro Geriatrico La Milagrosa is located in Mayaguez, PR. The organization was established in 2005. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 09/2021, Centro Geriatrico LA Milagrosa employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Centro Geriatrico LA Milagrosa 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 09/2021, Centro Geriatrico LA Milagrosa generated $185.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $220.4k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (6.9%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OFFERS SERVICES OF ADVANCE AGES. THE SERVICES THAT WAS OFFERED ARE NUTRITION AND SOCIALIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS AMOUNT REPRESENT THE PROGRAM SERVICE EXPENSES OF THE ORGANIZATION. THIS INCLUDED NUTRITIONAL, RECREATIONAL AND TRANSPORTATION EXPENSES
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Yovania Baco Acevedo Administrator | Officer | 30 | $12,390 |
Isvy Irizarry Director | Trustee | 1 | $0 |
Victor J Almodovar President | Trustee | 1 | $0 |
Rosa M Matos Vice President | Trustee | 1 | $0 |
Carmen G Santiago Secretary | Trustee | 1 | $0 |
Miguel Rodriguez Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $14,844 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $124,962 |
All other contributions, gifts, grants, and similar amounts not included above | $46,080 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $185,886 |
Total Program Service Revenue | $0 |
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 | $185,886 |
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. | $12,390 |
Compensation of current officers, directors, key employees. | $12,390 |
Compensation to disqualified persons | $59,119 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $6,023 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $12,550 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $60 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $7,779 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $12,786 |
Insurance | $3,505 |
All other expenses | $0 |
Total functional expenses | $220,403 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $70,140 |
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 | $19,763 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $89,903 |
Accounts payable and accrued expenses | $4,018 |
Grants payable | $0 |
Deferred revenue | $31,000 |
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 | $111,965 |
Other liabilities | $0 |
Total liabilities | $146,983 |
Net assets without donor restrictions | -$81,062 |
Net assets with donor restrictions | $23,982 |
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 | $89,903 |
Over the last fiscal year, we have identified 1 grants that Centro Geriatrico La Milagrosa has recieved totaling $12,744.
Awarding Organization | Amount |
---|---|
Fondos Unidos De Puerto Rico Inc Santurce, PR PURPOSE: TO COVER PROGRAM SERVICES OF PARTICIPATING AGENCIES | $12,744 |
Organization Name | Assets | Revenue |
---|---|---|
Estancias Del Angel Presbiteriana Inc Mayaguez, PR | $8,137,100 | $709,953 |
Altergarten Las Teresas Ii Inc San Juan, PR | $1,948,969 | $848,396 |
Altergarten Las Teresas Inc I San Juan, PR | $979,754 | $688,396 |
Ryder Home For The Elderly Inc Humacao, PR | $1,091,284 | $786,647 |
Casa Dorada Inc Ponce, PR | $3,321,564 | $417,179 |
Brisas De Ceiba Corp Ceiba, PR | $2,002,414 | $439,994 |
Egida Ryder Inc Humacao, PR | $1,215,376 | $466,945 |
Hogar De Envejecientes Irma Fe Pol Mendez Lares, PR | $713,297 | $401,138 |
Ryder Assisted Care Inc Humacao, PR | $1,811,201 | $406,003 |
Ryder Village Ii Inc Humacao, PR | $2,077,782 | $319,540 |
Corporacion Para El Desarrollo Economico De Trujillo Alto Trujillo Alto, PR | $3,370,858 | $157,486 |
Ryder Assisted Care Number Ii Inc Humacao, PR | $1,347,897 | $242,109 |