Espiritu Community Development Corporation
- Assets
- $15.3m
- Revenue
- $12.9m
- Investments
- $0.0
- Employees
- 97
- Location
- Phoenix, AZ
- Founding
- 05/1995
- Data as of
- 06/2023
- EIN
- 86-0778361
Organization Overview
Espiritu Community Development Corporation is located in Phoenix, AZ. The organization was established in 1995. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 06/2023, Espiritu Community Development Corporation employed 97 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Espiritu Community Development Corporation 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 06/2023, Espiritu Community Development Corporation generated $12.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $12.6m during the year ending 06/2023. While expenses have increased by 7.0% 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
EDUCATION - IMPLEMENTNG PROGRAMS AND ENGAGING IN ACTIVITIES TO PROVIDE SOUTH PHOENIX WITH A VEHICLE TO BECOME SELF SUFFICIENT THROUGH EDUCATION, AFFORDABLE HOUSING, BUSINESS DEVELOPMENT AND COMMUNITY SECURITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPLEMENTING PROGRAMS AND ENGAGING IN ACTIVITIES TO PROVIDE SOUTH PHOENIX WITH A VEHICLE TO BECOME SELF SUFFICIENT THROUGH QUALITY EDUCATION, AFFORDABLE HOUSING, BUSINESS DEVELOPMENT, COMMUNITY SECURITY AND OTHER COMMUNITY SERVICE PROJECTS. FOUR ESSENTIAL COMPONENTS TO BUILDING SPIRIT AND VALUES: 1)EMPOWERMENT 2)BUILDING KNOWLEDGE THROUGH EDUCATIONAL CENTER 3) BUILDING LEADERSHIP THROUGH TRAINING FACILITY 4)BUILDING ENVIRONEMTN THROUGH ECOLOGICAL GARDEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Armando Ruiz Chief Executive Officer | OfficerTrustee | 40 | $96,060 |
Bertha Gutierrez President | OfficerTrustee | 5 | $0 |
Frances Castillo Vice-President | Trustee | 5 | $0 |
Norma Ruiz Director | Trustee | 5 | $0 |
Rosemary Cardenas Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,205,218 |
| All other contributions, gifts, grants, and similar amounts not included above | $436,784 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,642,002 |
| Total Program Service Revenue | $875,740 |
| Investment income | $32,519 |
| 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 | $12,878,495 |
| 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. | $98,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,497,264 |
| Pension plan accruals and contributions | $270,885 |
| Other employee benefits | $110,201 |
| Payroll taxes | $206,662 |
| Fees for services: Management | $0 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,967,648 |
| Travel | $34,128 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $364,188 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $502,105 |
| Insurance | $157,469 |
| All other expenses | $163,228 |
| Total functional expenses | $12,583,142 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,717,116 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,034,567 |
| 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 | $5,113,720 |
| Investments—publicly traded securities | $1,593 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,477,207 |
| Total assets | $15,344,203 |
| Accounts payable and accrued expenses | $736,747 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $5,021,577 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $156,563 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,523,819 |
| Total liabilities | $10,438,706 |
| Net assets without donor restrictions | $3,762,513 |
| Net assets with donor restrictions | $1,142,984 |
| 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 | $15,344,203 |