Fundacion Para El Desarollo Del Hogar Propio Inc
- Assets
- $20.7m
- Revenue
- $27.7m
- Investments
- $0.0
- Employees
- 565
- Location
- Caguas, PR
- Founding
- 11/1992
- Data as of
- 07/2023
- EIN
- 66-0484507
Organization Overview
Fundacion Para El Desarollo Del Hogar Propio Inc is located in Caguas, PR. The organization was established in 1992. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 07/2023, Fundacion Para El Desarollo Del Hogar Propio Inc employed 565 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fundacion Para El Desarollo Del Hogar Propio Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 07/2023, Fundacion Para El Desarollo Del Hogar Propio Inc generated $27.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $27.3m during the year ending 07/2023. While expenses have increased by 3.0% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATIONAL SERVICES ALONG WITH NUTRITION AND OTHER SOCIAL AND DEVELOPMENTAL SERVICES TO INFANTS AND PRESCHOOL CHILDREN FROM ECONOMICALLY DISADVANTAGED FAMILIES. CHILDREN'S PARENTS ALSO BENEFIT FROM THE PROGRAM IN WHICH THEY PARTICIPATE IN VARIOUS DECISION-MAKING PROCESSES RELATED TO THE OPERATION OF THE PROGRAM. THE ORGANIZATION'S IMPACT TO THESE FAMILIES ALSO SERVES THE COMMUNITIES BY ENHANSING ECONOMIC DEVELOPMENT AND BRINGING OPPORTUNITIES TO FAMILIES IN NEED THAT WOULD NOT BE ABLE TO HAVE ACCESS TO THESE PROGAMS BY THEIR OWN MEANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEAD START AND EARLY HEAD START PROGRAM: THE ORGANIZATION IS A DIRECT FEDERAL GRANTEE FOR THE HEAD START AND EARLY HEARD START PROGRAM. THE PROGRAM SERVES PREGNANT WOMEN AND CHILDREN (BIRTH TO FIVE) AND THEIR FAMILIES WHO ARE UNDER THE POVERTY LINE OR ARE ELIGIBLE FOR PUBLIC ASSISTANCE. THIS PROGRAM PROMOTES SCHOOL READINESS BY ENHANCING CHILDREN'S COGNITIVE, SOCIAL AND EMOTIONAL DEVELOPMENT.
CHILD AND ADULT CARE FOOD PROGRAM:THORUGH FUNDS RECEIVED DIRECTLY FROM THE UNITED SATES DEPARTMENT OF AGRICULTURE (USDA) AND THE PUERTO RICO ADMINISTRATION OF CHILDREN AND FAMILIES (PASS-THROUGH), THE PROGRAM MAINTAINS FOOD SERVICES PROGRAMS FOR ELEGIBLE CHILDREN AND ADULTS IN NONRESIDENTIAL DAY CARE SETTINGS.
HEAD START AND EARLY HEAD START PROGRAM - PASS THROUGH PROGAM OF THE PUERTO RICO ADMINISTRATION OF CHILDREN AND FAMILIES (ACUDEN): THE PROGRAM SERVES PREGNANT WOMEN AND CHILDREN (BIRTH TO FIVE) AND THEIR FAMILIES WHO ARE UNDER THE POVERTY LINE OR ARE ELIGIBLE FOR PUBLIC ASSISTANCE. THIS PROGRAM PROMOTES SCHOOL READINESS BY ENHANCING CHILDREN'S COGNITIVE, SOCIAL AND EMOTIONAL DEVELOPMENT.
HEAD START AND EARLY HEAD START PROGRAM - DISASTER RECOVERY: PROGRAM FUNDS RECEIVED DIRECTLY FROM THE FEDERAL GOVERNMENT AND THROUGH THE PUERTO RICO ADMINISTRATION OF CHILDREN AND FAMILIES (ACUDEN) THAT PROVIDE FOR EXPENSES DIRECTLY RELATED TO THE CONSEQUENCES OF 2017 HURRICANES HARVEY, IRMA AND MARIA. THESE FUNDS SERVE THE PURPOSE OF COVERING EXPENSES RELATED TO REPAIRS AND IMPROVEMENTS TO THE ORGANIZATION'S LOACTIONS IN ORDER TO CONTINUE TO RENDER THE SERVICES TO THE PARTICIPANTS AND THEIR FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carmen Morales Executive Director | OfficerTrustee | 40 | $105,830 |
Anibal Arroyo Comptroller | Officer | 40 | $81,501 |
Maria Del Pilar Seijo President | Trustee | 2 | $0 |
Maria Cotto Treasurer | Trustee | 2 | $0 |
Luz N Bonilla Secretary | Trustee | 2 | $0 |
Bethzayda Lopez Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Optimus Contractor Corp Construction Services | 7/30/23 | $1,897,281 |
Designers And Contractors Tc Construction Services | 7/30/23 | $584,092 |
Ecc Contractors Inc Construction Services | 7/30/23 | $352,064 |
Morales Interior Co Inc Construction Services | 7/30/23 | $147,751 |
City Park Equipment Construction Services | 7/30/23 | $142,710 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,951,569 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,718,316 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,669,885 |
| 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 | $27,669,885 |
| 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. | $187,331 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,666,201 |
| Pension plan accruals and contributions | $161,004 |
| Other employee benefits | $1,228,886 |
| Payroll taxes | $1,498,289 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $37,390 |
| Fees for services: Accounting | $78,164 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $818,740 |
| Advertising and promotion | $0 |
| Office expenses | $178,587 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,305,462 |
| Travel | $201,417 |
| 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 | $479,723 |
| Insurance | $188,706 |
| All other expenses | $1,163,314 |
| Total functional expenses | $27,343,340 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,015,916 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $8,897,146 |
| 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 | $2,894,564 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,849,633 |
| Total assets | $20,657,259 |
| Accounts payable and accrued expenses | $1,524,798 |
| Grants payable | $0 |
| Deferred revenue | $12,213,454 |
| 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 | $3,849,633 |
| Total liabilities | $17,587,885 |
| Net assets without donor restrictions | $3,069,374 |
| 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 | $20,657,259 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fundacion Para El Desarollo Del Hogar Propio Inc Caguas, PR | $20,657,259 | $27,669,885 |
Cinderella Nursery Day Care Center Mayaguez, PR | $1,086,105 | $1,941,947 |
Centro De Educacion Integral Soles Del Jardin Inc Quebradillas, PR | $232,050 | $420,139 |
Escuela Montesori San Cristobal Inc Caguas, PR | $557,029 | $374,538 |
Initiative For Independent Schooling In Puerto Rico Inc Aguadilla, PR | $179,860 | $300,801 |