Centro Nuevos Horizontes Inc
- Assets
- $186.9k
- Revenue
- $118.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Bayamon, PR
- Founding
- 01/2001
- Data as of
- 04/2022
- EIN
- 66-0445431
Organization Overview
Centro Nuevos Horizontes Inc is located in Bayamon, PR. The organization was established in 2001. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Centro Nuevos Horizontes 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 04/2022, Centro Nuevos Horizontes Inc generated $118.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.7%) each year. All expenses for the organization totaled $177.9k during the year ending 04/2022. As we would expect to see with falling revenues, expenses have declined by (6.6%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION WAS CREATED TO PROVIDE FUNCTIONAL ACADEMIC AND VOCATIONAL SKILLS AND SUPPORTED EMPLOYMENT SERVICES TO YOUNG AND ADULT PARTICIPANTS WITH THE MOST SEVERE DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION WAS CREATED TO PROVIDE FUNCTIONAL ACADEMIC AND VOCATIONAL SKILLS AND SUPPORTED EMPLOYMENT SERVICES TO YOUNG AND ADULT PARTICIPANTS WITH THE MOST SEVERE DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brunilda Santiago Secretary | Trustee | 1 | $0 |
Hilda Lopez President | Trustee | 3 | $0 |
Flor Fina Vice President | Trustee | 1 | $0 |
Awilda Fernandez Member | Trustee | 1 | $0 |
Jorge Pineda Member | Trustee | 1 | $0 |
Carlos Velez Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $60,869 |
| All other contributions, gifts, grants, and similar amounts not included above | $57,674 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $118,543 |
| Total Program Service Revenue | $0 |
| Investment income | $25 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $355 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $118,923 |
| 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 | $102,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,359 |
| Fees for services: Management | $10,224 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $8,411 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,262 |
| Insurance | $4,699 |
| All other expenses | $7,305 |
| Total functional expenses | $177,896 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $181,269 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $900 |
| 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 | $223 |
| Net Land, buildings, and equipment | $4,475 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $186,867 |
| Accounts payable and accrued expenses | $2,027 |
| 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 | $2,027 |
| Net assets without donor restrictions | $184,840 |
| 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 | $186,867 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Centro Nuevos Horizontes Inc has recieved totaling $33,126.
| Awarding Organization | Amount |
|---|---|
Fondos Unidos De Puerto Rico Inc Santurce, PR PURPOSE: TO COVER PROGRAM SERVICES OF PARTICIPATING AGENCIES | $33,126 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Instituto Socio-Economico Comunitario Inc San Juan, PR | $6,047,369 | $23,369,542 |
Hogar Crea Inc Trujillo Alto, PR | $29,928,790 | $7,708,813 |
Programa De Educacion Comunal De Entrega Y Servicio Inc Humacao, PR | $4,709,368 | $5,435,743 |
Esperanza Para La Vejez Inc Bayamon, PR | $5,819,695 | $2,443,467 |
Movimiento Para El Alcance De Vida Independiente San Juan, PR | $910,886 | $2,369,502 |
Asociacion De Intercambio Cultural Inc San Juan, PR | $4,597,815 | $1,164,104 |
Centro Deambulantes Cristo Pobre Inc Ponce, PR | $2,486,639 | $1,082,624 |
Apni Inc San Juan, PR | $1,281,231 | $1,119,135 |
Corporacion Milagros Del Amor Caguas, PR | $431,538 | $981,711 |
Coordinadora Paz Para La Mujer Inc San Juan, PR | $1,913,821 | $1,108,026 |
Sfm Charities Inc San Juan, PR | $265,786 | $649,627 |
Fundacion Stefano Steenbakkers Betancourt Corp Bayamon, PR | $143,431 | $740,775 |