Overview
What is Latino Health Insurance Program Inc?
Latino Health Insurance Program Inc is a nonprofit organization situated in Framingham, Massachusetts, specifically at 88 Waverly Street, first floor. Its primary mission is to facilitate access to essential healthcare services for minority residents, encompassing primary care, specialty care, and dental care. The program additionally aids individuals in applying for SNAP (Food Stamps) and WIC. Moreover, it encourages a more proactive use of preventive services, such as health screenings, prenatal care, wellness visits, and health education, to decrease medical expenses. Furthermore, Latino Health Insurance Program Inc offers a community-based, culturally-specific program for health insurance enrollment and maintenance, catering to minority residents in Massachusetts.
Official website here: www.lhipprogram.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating
The Latino Health Insurance Program Inc has received an 81% score, which qualifies it for a Three-Star rating. This score reflects a strong emphasis on accountability and finance, indicating that the organization is managing its resources effectively. The rating is derived solely from the Accountability & Finance category, with no points deducted for material diversions of assets and comprehensive policies in place.
Among its strengths, the organization boasts a fully independent board with 100% of its members being independent, which enhances its governance. Additional highlights include a low liabilities to assets ratio of 4.63% and a program expense ratio of 80.23%, suggesting that the majority of its expenditures are directed toward programs rather than administrative costs.
While the organization demonstrates solid accountability practices and financial health, the single beacon score means that a more detailed assessment of its impact and effectiveness in program delivery is not available. This limitation suggests that while it is financially sound, further information on its program outcomes would provide a more complete picture of its overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is Latino Health Insurance Program Inc legitimate?
Latino Health Insurance Program Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Latino Health Insurance Program 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: $78,969
Professional Fundraising Fees: $0
Other Salaries and Wages: $239,554
For more financial information, click here
Official website here: www.lhipprogram.org
What is the mission statement of Latino Health Insurance Program Inc?
The Latino Health Insurance Program Inc's mission is centered around increasing access to essential healthcare services and nutritional support for minority residents. The primary objective of the organization is to link individuals to suitable healthcare facilities, encompassing primary care, specialty care, and dental care. Furthermore, the program assists in applying for food assistance programs such as SNAP (Food Stamps) and WIC.
In addition to this, the organization strives to promote a more efficient use of preventive healthcare services, including health screenings, prenatal care, wellness visits, and health education, with the aim of reducing medical costs. A community-based, culturally-specific program for health insurance enrollment and maintenance is also offered to help minority residents better manage their health insurance.
Official website here: www.lhipprogram.org
Who is the CEO of Latino Health Insurance Program Inc?
Cleotilde Mercedes is the Cfo of Latino Health Insurance Program Inc. The CEO's salary of Latino Health Insurance Program Inc is $74,231 and their total compensation is $81,677.
Official website here: www.lhipprogram.org
What is the revenue of Latino Health Insurance Program Inc?
Latino Health Insurance Program Inc's revenue in 2021 was $892,114.
Official website here: www.lhipprogram.org
Who are the executives of Latino Health Insurance Program Inc and what are their salaries?
The average compensation at Latino Health Insurance Program Inc during 2021 was $35,391. There are 9 employees and 5 volunteers at Latino Health Insurance Program Inc.
Here are 7 key members and their salaries (Latino Health Insurance Program Inc's CEO's salary is $74,231 and their total compensation is $81,677):
- Compensation: $74,231
- Related: $0
- Other: $7,446
- Compensation: $4,738
- 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.lhipprogram.org
Where can I find the form 990 for Latino Health Insurance Program Inc?
Latino Health Insurance Program Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.lhipprogram.org
Learn more at the official website: www.lhipprogram.org
Mission Statement of Latino Health Insurance Program Inc
Latino Health Insurance Program Inc, as its mission statement suggests, is committed to increasing access to essential medical care and food resources for minority communities. The organization strives to connect these individuals with appropriate healthcare services, ranging from primary care and specialty care to dental care. In addition, it assists people in applying for SNAP (food stamps) and WIC programs, providing them with much-needed nutritional support.
Beyond just facilitating access to healthcare services, Latino Health Insurance Program Inc also aims to promote a more effective use of preventive healthcare. This involves encouraging individuals to utilize preventive services such as health screenings, prenatal care, wellness visits, and health education. By doing so, the organization hopes to reduce medical costs while improving overall health outcomes for minority communities.
Furthermore, Latino Health Insurance Program Inc offers a community-based, culturally-specific program for health insurance enrollment and maintenance. This service is tailored to meet the unique needs of minority residents, ensuring that they can navigate the complex world of health insurance with ease and confidence. The organization's mission is a vital step towards addressing health disparities and improving overall health outcomes for minority communities.
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Impact
October, 2024
Latino Health Insurance Program Inc significantly impacts the health and well-being of minority residents by enhancing their access to essential medical care and nutritious food. The organization focuses on connecting individuals to appropriate healthcare services, including primary care, specialty care, and dental care. This connectivity empowers clients to navigate the healthcare system effectively.
Additionally, the program supports individuals in applying for critical food assistance programs such as SNAP and WIC, addressing food insecurity within the community. By promoting the use of preventive services like health screenings, prenatal care, and wellness visits, the organization helps reduce overall medical costs while encouraging healthier lifestyles.
The culturally-specific approach in health insurance enrollment and maintenance ensures that minority residents receive tailored support, making it easier for them to engage with the healthcare system. Overall, the Latino Health Insurance Program Inc plays a crucial role in fostering a healthier community by addressing both healthcare access and nutritional needs.
This information is meant to be a general summary of Latino Health Insurance Program 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 2021.
- Investment Income: $192
- Program Service Revenue: $127,727
- Gross Receipts: $892,114
Assets and Liabilities:
- Total Assets: $718,852
- Total Liabilities: $34,027
- Net Assets: $684,825
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEE FOR SERVICE INCOME
Revenue
$127,727
Organization Details
Founding Year
2010
Principal Officer
Cleotilde Mercedes
Main Address
88 WAVERLY ST FIRST FLOOR, FRAMINGHAM, MA, 01702
Website
www.lhipprogram.orgNTEE Category
Code: P84 - Human services
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