Overview
What is Institute For The Puerto Rican Hispanic Elderly Inc?
Institute for the Puerto Rican Hispanic Elderly Inc is a nonprofit organization located in the Bronx, New York, specifically at 300 East 175th Street. Their primary mission is to improve the quality of life for Hispanic and other ethnic/racial low and middle-income seniors and their families in New York City and surrounding areas. They achieve this by offering a range of services and programs through their older adult centers in Manhattan, Queens, and the Bronx. These services include wellness checks, daily meals, recreational activities, workshops, and classes on various topics. The programs are bilingual and culturally responsive, providing social services, advocacy, information, and counseling in a welcoming environment. Their workforce consists of 60 employees, dedicated to enhancing the lives of their community.
Official website here: www.acacianetwork.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
The Institute For The Puerto Rican Hispanic Elderly Inc has received a Three-Star rating from Charity Navigator, reflecting a solid accountability and finance score of 81%. This score is based entirely on financial metrics, indicating that the organization demonstrates a strong commitment to maintaining transparency and responsible management of its resources.
Strengths highlighted include a fully independent board with 100% independent members, ensuring impartiality in governance. The organization excels in its financial oversight, as evidenced by high scores in areas such as its audit and oversight committee, conflict of interest policy, and the absence of material diversion of assets. Additionally, a significant portion of its expenses—81.20%—is allocated to program services, which indicates a focus on fulfilling its mission effectively.
However, while the financial management is commendable, the compensation for key personnel appears notably high, with the President earning over $861,000. Potential donors and stakeholders may want to consider these salary figures in the context of their own priorities and values when assessing the organization’s overall impact and efficacy.
This AI summary has been generated from information found on Charity Navigator.
Is Institute For The Puerto Rican Hispanic Elderly Inc legitimate?
Institute For The Puerto Rican Hispanic Elderly Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Institute For The Puerto Rican Hispanic Elderly Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,078,486
For more financial information, click here
Official website here: www.acacianetwork.org
What is the mission statement of Institute For The Puerto Rican Hispanic Elderly Inc?
The Institute for the Puerto Rican Hispanic Elderly Inc. is a non-profit organization dedicated to improving the quality of life for low and middle-income Hispanic and other ethnic/racial seniors and their families in New York City and surrounding areas. Their mission is to prevent institutionalization of the elderly while maintaining their quality of life at the highest level possible. They achieve this through various services and programs offered at their older adult centers in Manhattan, Queens, and the Bronx. Over 1000 participants benefit from these centers, enjoying wellness checks, daily meals, recreational activities, and workshops on various topics. The organization also provides bilingual, culturally responsive social services, advocacy, information, and counseling in a welcoming and friendly environment.
Official website here: www.acacianetwork.org
Who is the CEO of Institute For The Puerto Rican Hispanic Elderly Inc?
Lymaris Albors is the President of Institute For The Puerto Rican Hispanic Elderly Inc. The CEO's salary of Institute For The Puerto Rican Hispanic Elderly Inc is $0 and their total compensation is $576,831.
Official website here: www.acacianetwork.org
What is the revenue of Institute For The Puerto Rican Hispanic Elderly Inc?
Institute For The Puerto Rican Hispanic Elderly Inc's revenue in 2022 was $4,333,867.
Official website here: www.acacianetwork.org
Who are the executives of Institute For The Puerto Rican Hispanic Elderly Inc and what are their salaries?
The average compensation at Institute For The Puerto Rican Hispanic Elderly Inc during 2022 was $34,641. There are 60 employees at Institute For The Puerto Rican Hispanic Elderly Inc.
Here are 12 key members and their salaries (Institute For The Puerto Rican Hispanic Elderly Inc's CEO's salary is $0 and their total compensation is $576,831):
- Compensation: $0
- Related: $848,126
- Other: $68,233
- Compensation: $0
- Related: $532,238
- Other: $44,593
- Compensation: $0
- Related: $517,229
- Other: $37,746
- Compensation: $0
- Related: $404,476
- Other: $38,707
- Compensation: $0
- Related: $421,681
- Other: $15,109
- Compensation: $0
- Related: $306,593
- Other: $37,802
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.acacianetwork.org
Where can I find the form 990 for Institute For The Puerto Rican Hispanic Elderly Inc?
Institute For The Puerto Rican Hispanic Elderly Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.acacianetwork.org
Learn more at the official website: www.acacianetwork.org
Mission Statement of Institute For The Puerto Rican Hispanic Elderly Inc
The Institute for the Puerto Rican Hispanic Elderly Inc is a non-profit organization that specializes in providing quality services and programs to meet the varied needs of Hispanic and other ethnic/racial low and middle-income seniors and their families in New York City and its surroundings. The organization's mission is to improve the quality of life of these seniors, aiming to deter their institutionalization and help maintain their quality of life at the highest level possible.
As a social services agency with a primary focus on the Hispanic/minority elderly, the Institute for the Puerto Rican Hispanic Elderly Inc offers a range of multi-service and multicultural programs. Operating older adult centers in the New York City boroughs of Manhattan, Queens, and the Bronx, the organization provides services and resources to over a thousand participants. These services include wellness checks, daily meals, and recreational activities, providing seniors with opportunities to engage, learn, and improve their quality of life. Additionally, the organization offers bilingual, culturally responsive social services, advocacy, information, and counseling in a welcoming and friendly environment.
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Impact
August, 2024
The Institute For The Puerto Rican Hispanic Elderly Inc has a significant impact on the quality of life for Hispanic and other ethnic/racial low and middle-income seniors and their families in New York City and its environs. By offering a range of quality services and programs through their older adult centers, the organization serves over 1000 participants in Manhattan, Queens, and the Bronx. These participants benefit from wellness checks, daily meals, recreational activities, workshops, classes, and bilingual, culturally responsive social services. The Institute For The Puerto Rican Hispanic Elderly Inc's work helps to deter the institutionalization of the elderly and supports them in maintaining their quality of life at the highest level possible. Through advocacy, information, counseling, and a welcoming environment, the organization plays a vital role in supporting the well-being of this community.
This information is meant to be a general summary of Institute For The Puerto Rican Hispanic Elderly Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $296,169
- Gross Receipts: $4,333,867
Assets and Liabilities:
- Total Assets: $3,005,158
- Total Liabilities: $4,793,033
- Net Assets: -$1,787,875
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE FEES
Revenue
$296,169
Organization Details
Founding Year
1978
Phone
(347) 649-3083Principal Officer
Lymaris Albors
Main Address
300 EAST 175TH STREET, BRONX, NY, 10457
Website
www.acacianetwork.orgNTEE Category
Code: P810 - Human services
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