Overview
What is Mi Casa Resource Center?
Mi Casa Resource Center, situated in Denver, Colorado, is a dedicated nonprofit organization that focuses on empowering underserved business owners and entrepreneurs, with a particular emphasis on women, minorities, and low-income clients. Their comprehensive support services include knowledge and skill-building workshops, one-on-one consulting, industry connections, access to capital, legal support, financial coaching, and wraparound services. These resources help participants progress through all stages of business development, from start-up to growth and expansion. By promoting business ownership, Mi Casa Resource Center fosters economic independence, contributing to increased prosperity in families and communities. Their programs are available in both English and Spanish, catering to the most vulnerable members of their community. Mi Casa Resource Center also collaborates with local partners to prevent involuntary displacement and offers additional resources such as financial coaching, digital lending, ESL classes, and legal advice. Their mission is to create pathways to opportunity, providing wraparound navigation services to connect participants with these resources for increased success.
Official website here: www.micasaresourcecenter.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 98%, Four-Star out of Four Star rating.
Mi Casa Resource Center demonstrates a strong commitment to accountability and transparency, reflected in its impressive score of 99 in the Accountability & Finance category. With a fully independent board of 16 members and robust financial oversight, the organization maintains high standards in governance and ethical practices. The absence of material diversions of assets and excellent financial ratios further bolster its credibility.
The nonprofit effectively allocates its resources, as evidenced by a program expense ratio of 68.48%, indicating a significant portion of funds directly supports its mission. Additionally, its fundraising efficiency ratio of $0.13 shows a cost-effective approach to fundraising efforts. The organization is also proactive in implementing equity practices, scoring 93 in this area, which highlights its dedication to inclusivity and community engagement.
While the data presents a largely positive picture, the effectiveness of its programs and the direct impact on the community served could be further explored to provide a more comprehensive understanding of its operational success. Overall, Mi Casa Resource Center stands out as a well-managed organization dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Mi Casa Resource Center legitimate?
Mi Casa Resource Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mi Casa Resource Center 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: $244,224
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,574,896
For more financial information, click here
Official website here: www.micasaresourcecenter.org
What is the mission statement of Mi Casa Resource Center?
Mi Casa Resource Center's mission is to create pathways to opportunity, specifically focusing on underserved business owners and entrepreneurs, particularly women, minorities, and low-income clients. They offer comprehensive support services through workshops, intensive training, one-on-one consulting, industry connections, access to capital, legal support, financial coaching, and wraparound supports, helping participants from start-up to growth and expansion. Business ownership is seen as a strategy for economic independence, generating wealth in low-income communities. Mi Casa Resource Center provides their services in both English and Spanish, and their program success is measured by completion rates, businesses launched, revenue generated, and jobs created or retained. They collaborate with local community partners to prevent involuntary displacement and administer a ProBopat program, referring low-income inventors to volunteer patent professionals. Additionally, they offer financial coaching, digital lending, skill building, ESL classes, free legal advice, and tax preparation services to augment their important work.
Official website here: www.micasaresourcecenter.org
Who is the CEO of Mi Casa Resource Center?
Angeles Ortega is the Ceo of Mi Casa Resource Center. The CEO's salary of Mi Casa Resource Center is $142,197 and their total compensation is $152,242.
Official website here: www.micasaresourcecenter.org
What is the revenue of Mi Casa Resource Center?
Mi Casa Resource Center's revenue in 2022 was $3,205,110.
Official website here: www.micasaresourcecenter.org
Who are the executives of Mi Casa Resource Center and what are their salaries?
The average compensation at Mi Casa Resource Center during 2022 was $33,075. There are 55 employees and 43 volunteers at Mi Casa Resource Center.
Here are 19 key members and their salaries (Mi Casa Resource Center's CEO's salary is $142,197 and their total compensation is $152,242):
- Compensation: $142,197
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- Other: $10,045
- Compensation: $72,050
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- Other: $9,042
- Compensation: $10,890
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- Other: $3,280
- Compensation: $102,766
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- Other: $6,538
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Official website here: www.micasaresourcecenter.org
Where can I find the form 990 for Mi Casa Resource Center?
Mi Casa Resource Center's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.micasaresourcecenter.org
Learn more at the official website: www.micasaresourcecenter.org
Mission Statement of Mi Casa Resource Center
Mi Casa Resource Center, a prominent organization, is committed to creating pathways to opportunity. Its primary mission involves providing comprehensive support services to underserved business owners and entrepreneurs, with a particular focus on women, minorities, and low-income clients. Operating under the U.S. Small Business Administration's Women's Business Center, the center offers knowledge and skill-building workshops, intensive training, one-on-one consulting, industry-focused connections, access to capital, legal support, financial coaching, and wraparound supports. This programming supports participants throughout all stages of business development, from start-up to growth and expansion.
Business ownership is recognized as an essential strategy for economic independence, benefiting not only business owners but also their employees. In low-income communities, business ownership generates wealth that can be passed down through generations, fostering increased prosperity in families and communities. Mi Casa Resource Center offers all its Business Pathways programming in both English and Spanish to serve the most vulnerable members of their community.
The Business Pathways program offers a modular training series, supporting entrepreneurs at every phase of business ownership. With four modules covering various aspects of business ownership, such as creating an elevator pitch and business plan, marketing, key business strategies, fiscal and financial responsibility, and more, entrepreneurs can join the module that best aligns with their needs. Program success is measured through completion rates, businesses launched, revenue generated, and jobs created or retained. Mi Casa Resource Center also collaborates with local community partners to prevent involuntary displacement by supporting business owners. In addition, they administer a ProBopat program, referring qualified low-income inventors to volunteer patent professionals.
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Impact
July, 2024
Mi Casa Resource Center's impact is profound in creating pathways to opportunity for underserved business owners and entrepreneurs, particularly focusing on women, minorities, and low-income clients. Through its Business Pathways program, which operates the Women's Business Center under the U.S. Small Business Administration, Mi Casa provides comprehensive support services such as workshops, intensive training, one-on-one consulting, industry-focused connections, access to capital, legal support, financial coaching, and wraparound supports.
Business ownership is highlighted as an essential strategy for economic independence, benefiting both business owners and their employees. In low-income communities, business ownership can generate wealth across generations, leading to increased prosperity in families and communities. Mi Casa Resource Center offers its Business Pathways programming in both English and Spanish to serve the most vulnerable members of the community.
The Business Pathways program covers all stages of business development from startup to growth and expansion through its modular training series, which includes modules for planning, launching, managing, and growing a business. Program success is measured through completion rates, businesses launched, revenue generated, and jobs created or retained.
Furthermore, Mi Casa collaborates with local community partners to prevent involuntary displacement by supporting business owners. Additionally, the organization administers a program that refers qualified low-income inventors to volunteer patent professionals.
In addition to the Business Pathways program, Mi Casa Resource Center offers a range of community resources like financial coaching, digital lending and skill-building, ESL classes, free legal advice, and tax preparation services. The organization partners with various government agencies, community development financial institutions, and local community partners to provide these additional services. Navigators also provide wraparound navigation services, utilizing a strengths-based support approach to help participants overcome potential barriers like transportation, childcare, housing, and food access, ultimately increasing their chances of success.
Mi Casa Resource Center's holistic approach to supporting underserved entrepreneurs and business owners not only empowers individuals and families but also contributes to the economic vitality and prosperity of the community as a whole.
This information is meant to be a general summary of Mi Casa Resource Center. 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.
- Investment Income: $43,977
- Program Service Revenue: $23,559
- Gross Receipts: $5,310,480
Assets and Liabilities:
- Total Assets: $7,613,484
- Total Liabilities: $423,483
- Net Assets: $7,190,001
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CLASS FEES
Revenue
$23,054
CONTRACT REV/SVC FEES
Revenue
$500
LOAN INTEREST
Revenue
$5
Organization Details
Founding Year
1979
Phone
(303) 573-1302Principal Officer
Angeles Ortega
Main Address
345 S GROVE ST, DENVER, CO, 80219
Website
www.micasaresourcecenter.orgNTEE Category
Code: P800 - Human services
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