Spanish Speaking Elderly Council Raices Inc
Spanish Speaking Elderly Council Raices Inc maintains stable finances with no reported officer compensation.
EIN: 112730462 · Brooklyn, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.8M |
| Total Expenses | $3.3M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $3.5 |
| Net Assets | $435K |
| Transparency Score | 85/100 |
Is Spanish Speaking Elderly Council Raices Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Spanish Speaking Elderly Council Raices Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Spanish Speaking Elderly Council Raices Inc
Spanish Speaking Elderly Council Raices Inc (EIN: 112730462) is a nonprofit organization based in Brooklyn, NY. The organization reported total revenue of $3.8M and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Spanish Speaking Elderly Council Raices Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Spanish Speaking Elderly Council Raices Inc is a mid-size nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.5M |
| Total Expenses | $3.3M |
| Surplus / Deficit | +$155K |
| Total Assets | $2.5M |
| Total Liabilities | $2.0M |
| Net Assets | $435K |
| Operating Margin | 4.4% |
| Debt-to-Asset Ratio | 82.5% |
| Months of Reserves | 8.9 months |
Financial Health Grade: A
In 2023, Spanish Speaking Elderly Council Raices Inc reported a surplus of $155K with revenue exceeding expenses, holds 8.9 months of operating reserves (strong position), has a debt-to-asset ratio of 82.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Spanish Speaking Elderly Council Raices Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.3% | +3.9% | +161.8% |
| 2022 | +14.3% | +13.8% | +40.5% |
| 2021 | -5.9% | -6.9% | -27.9% |
| 2020 | -1.1% | -1.3% | -0.5% |
| 2019 | -9.3% | -2.8% | +17.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1988 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Spanish Speaking Elderly Council Raices Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Spanish Speaking Elderly Council Raices Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $155K, with revenue exceeding expenses.
- Debt-to-asset ratio: 82.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size ($3.5 million in revenue in 2023) and suggests either a volunteer-led executive team or compensation structured in a way not reported under this specific line item on the 990.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Spanish Speaking Elderly Council Raices Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data
- Unusually low liabilities relative to assets in 2023 compared to prior years, warranting further investigation into the nature of the asset increase.
Strengths
The following positive indicators were identified for Spanish Speaking Elderly Council Raices Inc:
- Consistent revenue generation over the past decade, demonstrating financial stability.
- Significant growth in assets from $947,855 in 2022 to $2,481,729 in 2023, improving financial reserves.
- Expenses consistently close to revenue, indicating efficient deployment of funds towards mission.
- 0% reported officer compensation across all filings, suggesting strong financial stewardship or volunteer leadership.
Frequently Asked Questions about Spanish Speaking Elderly Council Raices Inc
Is Spanish Speaking Elderly Council Raices Inc a legitimate charity?
Spanish Speaking Elderly Council Raices Inc (EIN: 112730462) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.8M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Spanish Speaking Elderly Council Raices Inc spend its money?
Spanish Speaking Elderly Council Raices Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Spanish Speaking Elderly Council Raices Inc tax-deductible?
Spanish Speaking Elderly Council Raices Inc is registered as a tax-exempt nonprofit (EIN: 112730462). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Spanish Speaking Elderly Council Raices Inc CEO make?
Spanish Speaking Elderly Council Raices Inc's highest-compensated officer earns $3.5 annually. The organization reported $3.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Spanish Speaking Elderly Council Raices Inc's spending goes to programs?
Spanish Speaking Elderly Council Raices Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Spanish Speaking Elderly Council Raices Inc located?
Spanish Speaking Elderly Council Raices Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 112730462.
How many years of IRS 990 filings does Spanish Speaking Elderly Council Raices Inc have?
Spanish Speaking Elderly Council Raices Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.8M in total revenue.
Is Spanish Speaking Elderly Council Raices Inc a good charity?
Based on the available financial data, SSECR appears to be a well-managed charity with stable finances, consistent revenue, and a strong commitment to deploying funds, as evidenced by expenses closely tracking revenue. The lack of reported officer compensation is a notable positive indicator of potential efficiency and dedication to mission.
How has the organization's financial health changed over time?
SSECR has shown consistent revenue generation, averaging around $3 million annually. Notably, its assets have significantly increased from $947,855 in 2022 to $2,481,729 in 2023, indicating a substantial improvement in its financial reserves and overall health.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation in its IRS 990 filings. This suggests that executive leadership may be entirely volunteer-based or compensated through mechanisms not categorized as 'officer compensation' on the 990 form.
Filing History
IRS 990 filing history for Spanish Speaking Elderly Council Raices Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Spanish Speaking Elderly Council Raices Inc's revenue has grown by 43.7%, moving from $2.4M to $3.5M. Total assets increased by 461% over the same period, from $442K to $2.5M. Total functional expenses rose by 29.1%, from $2.6M to $3.3M. In its most recent filing year (2023), Spanish Speaking Elderly Council Raices Inc reported a surplus of $155K, with revenue exceeding expenses. The organization holds $2.0M in liabilities against $2.5M in assets (debt-to-asset ratio: 82.5%), resulting in net assets of $435K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.5M | $3.3M | $2.5M | $2.0M | — | View 990 |
| 2022 | $3.3M | $3.2M | $948K | $668K | — | View 990 |
| 2021 | $2.9M | $2.8M | $675K | $497K | — | View 990 |
| 2020 | $3.1M | $3.0M | $936K | $836K | — | View 990 |
| 2019 | $3.1M | $3.1M | $940K | $888K | — | View 990 |
| 2018 | $3.4M | $3.2M | $803K | $793K | — | View 990 |
| 2017 | $3.1M | $3.1M | $530K | $795K | — | View 990 |
| 2016 | $3.0M | $2.8M | $551K | $831K | — | View 990 |
| 2015 | $3.0M | $3.0M | $614K | $1.0M | — | View 990 |
| 2014 | $2.7M | $2.8M | $402K | $794K | — | View 990 |
| 2013 | $2.9M | $2.8M | $497K | $814K | — | View 990 |
| 2012 | $2.4M | $2.6M | $397K | $754K | — | View 990 |
| 2011 | $2.4M | $2.6M | $442K | $644K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.5M, expenses of $3.3M, and assets of $2.5M (revenue +5.3% year-over-year).
- 2022: Revenue of $3.3M, expenses of $3.2M, and assets of $948K (revenue +14.3% year-over-year).
- 2021: Revenue of $2.9M, expenses of $2.8M, and assets of $675K (revenue -5.9% year-over-year).
- 2020: Revenue of $3.1M, expenses of $3.0M, and assets of $936K (revenue -1.1% year-over-year).
- 2019: Revenue of $3.1M, expenses of $3.1M, and assets of $940K (revenue -9.3% year-over-year).
- 2018: Revenue of $3.4M, expenses of $3.2M, and assets of $803K (revenue +11.0% year-over-year).
- 2017: Revenue of $3.1M, expenses of $3.1M, and assets of $530K (revenue +4.0% year-over-year).
- 2016: Revenue of $3.0M, expenses of $2.8M, and assets of $551K (revenue +0.2% year-over-year).
- 2015: Revenue of $3.0M, expenses of $3.0M, and assets of $614K (revenue +10.4% year-over-year).
- 2014: Revenue of $2.7M, expenses of $2.8M, and assets of $402K (revenue -6.5% year-over-year).
- 2013: Revenue of $2.9M, expenses of $2.8M, and assets of $497K (revenue +18.4% year-over-year).
- 2012: Revenue of $2.4M, expenses of $2.6M, and assets of $397K (revenue +0.0% year-over-year).
- 2011: Revenue of $2.4M, expenses of $2.6M, and assets of $442K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Spanish Speaking Elderly Council Raices Inc:
Data Sources and Methodology
This transparency report for Spanish Speaking Elderly Council Raices Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.