Civic Intelligence

Sostenica Inc

EIN 23-3061896 • 501(c)3 • Cambridge, MA

Profile

SosteNica empowers the people of Nicaragua to achieve financial security and healthy lives within vibrant, sustainable communities through microcredit, technical assistance and outreach to low income smallholder farmers and school children.

175 Richdale AveCambridge, MA 02140

www.sostenica.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

97th percentile

2.04x

Higher debt load relative to assets than 97% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

100th percentile

74.20x

Higher debt load relative to revenue than 100% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

97th percentile

84%

Higher net margin than 97% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

39th percentile

-0.4%

Faster asset growth than 39% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

3rd percentile

-68%

Faster revenue growth than 3% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$730,156

Down $3,133 (-0.4%) from 2023

Liabilities

Down

$1,489,839

Down $20,081 (-1.3%) from 2023

Net Assets

Up

-$759,683

Up $16,948 (+2.2%) from 2023

Revenue

Down

$20,080

Down $42,939 (-68%) from 2023

Expenses

Down

$3,132

Down $306,062 (-99%) from 2023

Net Income

Up

$16,948

Up $263,123 (+107%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $2,727,580Liabilities 2011: $2,318,285Net Assets 2011: $409,2952011Assets 2012: $2,733,068Liabilities 2012: $2,286,058Net Assets 2012: $447,0102012Assets 2013: $2,634,072Liabilities 2013: $2,162,632Net Assets 2013: $471,4402013Assets 2014: $2,570,547Liabilities 2014: $2,105,394Net Assets 2014: $465,1532014Assets 2015: $2,531,458Liabilities 2015: $2,028,481Net Assets 2015: $502,9772015Assets 2016: $2,526,079Liabilities 2016: $2,022,060Net Assets 2016: $504,0192016Assets 2017: $2,446,920Liabilities 2017: $1,954,386Net Assets 2017: $492,5342017Assets 2018: $1,957,435Liabilities 2018: $1,890,340Net Assets 2018: $67,0952018Assets 2019: $1,342,171Liabilities 2019: $1,601,636Net Assets 2019: -$259,4652019Assets 2020: $1,160,131Liabilities 2020: $1,598,698Net Assets 2020: -$438,5672020Assets 2021: $1,151,655Liabilities 2021: $1,561,354Net Assets 2021: -$409,6992021Assets 2022: $1,043,713Liabilities 2022: $1,574,170Net Assets 2022: -$530,4572022Assets 2023: $733,289Liabilities 2023: $1,509,920Net Assets 2023: -$776,6312023Assets 2024: $730,156Liabilities 2024: $1,489,839Net Assets 2024: -$759,6832024

Highlighted filing

2024

Assets$730,156
Liabilities$1,489,839
Net Assets-$759,683

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $183,226Expenses 2011: $159,927Net Income 2011: $23,2992011Revenue 2012: $240,440Expenses 2012: $202,725Net Income 2012: $37,7152012Revenue 2013: $227,776Expenses 2013: $203,346Net Income 2013: $24,4302013Revenue 2014: $198,242Expenses 2014: $204,529Net Income 2014: -$6,2872014Revenue 2015: $229,845Expenses 2015: $192,021Net Income 2015: $37,8242015Revenue 2016: $210,772Expenses 2016: $209,730Net Income 2016: $1,0422016Revenue 2017: $240,366Expenses 2017: $251,851Net Income 2017: -$11,4852017Revenue 2018: $529,338Expenses 2018: $954,777Net Income 2018: -$425,4392018Revenue 2019: $584,838Expenses 2019: $911,939Net Income 2019: -$327,1012019Revenue 2020: $494,726Expenses 2020: $673,828Net Income 2020: -$179,1022020Revenue 2021: $296,956Expenses 2021: $365,561Net Income 2021: -$68,6052021Revenue 2022: $197,587Expenses 2022: $318,345Net Income 2022: -$120,7582022Revenue 2023: $63,019Expenses 2023: $309,194Net Income 2023: -$246,1752023Revenue 2024: $20,080Expenses 2024: $3,132Net Income 2024: $16,9482024

Highlighted filing

2024

Revenue$20,080
Expenses$3,132
Net Income$16,948

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.73$1.49$0.76$0.02$0.00$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.73$1.51$0.78$0.06$0.31$0.25
2022Detailed filing. Detailed filing data is available for this year.$1.04$1.57$0.53$0.20$0.32$0.12
2021Detailed filing. Detailed filing data is available for this year.$1.15$1.56$0.41$0.30$0.37$0.07
2020Detailed filing. Detailed filing data is available for this year.$1.16$1.60$0.44$0.49$0.67$0.18
2019Detailed filing. Detailed filing data is available for this year.$1.34$1.60$0.26$0.58$0.91$0.33
2018Detailed filing. Detailed filing data is available for this year.$1.96$1.89$0.07$0.53$0.95$0.43
2017Detailed filing. Detailed filing data is available for this year.$2.45$1.95$0.49$0.24$0.25$0.01
2016Summary only. Only limited summary data is available for this year.$2.53$2.02$0.50$0.21$0.21$0.00
2015Summary only. Only limited summary data is available for this year.$2.53$2.03$0.50$0.23$0.19$0.04
2014Detailed filing. Detailed filing data is available for this year.$2.57$2.11$0.47$0.20$0.20$0.01
2013Summary only. Only limited summary data is available for this year.$2.63$2.16$0.47$0.23$0.20$0.02
2012Summary only. Only limited summary data is available for this year.$2.73$2.29$0.45$0.24$0.20$0.04
2011Summary only. Only limited summary data is available for this year.$2.73$2.32$0.41$0.18$0.16$0.02
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 6, 2025
Return Version
2024v5.2
Gross Receipts
$20,080
Mission and Program Overview

Mission

SosteNica empowers the people of Nicaragua to achieve financial security and healthy lives within vibrant, sustainable communities through microcredit, technical assistance and outreach to low income smallholder farmers and school children.

SosteNica empowers the people of Nicaragua to achieve financial security and healthy lives within vibrant,sustainable communities through microcredit,technical assistance, and outreach to low income smallholder farmers and school children.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$397,270$398,529▲ $1,259
Cash and Non-Interest-Bearing Accounts$13,390$10,257▼ $3,133
Total Assets$733,289$730,156▼ $3,133
Other Assets Total$719,899$719,899→ $0
Liabilities
Unsecured Notes Loans Payable$1,112,650$1,091,310▼ $21,340
Total Liabilities$1,509,920$1,489,839▼ $20,081
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-776,631$-759,683▲ $16,948
Total Net Assets Fund Balance$-776,631$-759,683▲ $16,948
Total Liabilities and Net Assets / Fund Balance$733,289$730,156▼ $3,133

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$719,899--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Alan WrightPresident
Peter GuarinoVice President
Joseph DeNicolaExecutive Director
DeLaura PadovanMember
Joanna LaneMember
Rev Owen OwensMember
V Scott BihlMember
Rachel LindsaySecretary
Tim KeyesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$20,080
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$20,080
Change in Net Assets
$16,948
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,132
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal$0$2,804$0$2,804
Information Technology$0$267$0$267
Office Expenses$0$61$0$61
Total Functional Expenses$0$3,132$0$3,132
International Activity

International Summary

Offices
0
Employees
0
Spending
$0

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central AmericaProgram ServicesProgram discontinued00$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$397,270$398,529▲ $1,259
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Sostenica Inc
EIN
23-3061896
Phone
2034410717
Address
175 RICHDALE AVE, CAMBRIDGE, MA 02140

Signing Officer

Name
Alan Wright
Title
Board President
Phone
2034410717
Signed
2025-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alan Wright
Formed
2000
Legal Domicile
Pa
Voting Board Members
9
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Steven J Handzel
Address
302 N HIGH ST, WEST CHESTER, PA 19380
Preparer
Steven J Handzel
Phone
6106967480
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The return is prepared by a CPA based on data provided by the Executive Director. A draft is forwarded to the Board President for review. Once finalized, the final 990 is forwarded to the board by the President via email.

Pt VI, Line 12C

The Board reviews the policy annually for individual and collective board compliance.

Pt VI, Line 19

:Key governing and financial documents are made available to the public on the website. Financial documents are also emailed to individual investors.

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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0296956
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0494726
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0719899
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Funds in Administration (Micro Lending)
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0719899
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0Central America
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0Program discontinued
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Program Services
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IRS990ScheduleF/ForeignPartnershipInd0false
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt181724
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt248099
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt432885
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt816897
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0Talmadge Hill Commun
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd10false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Microlending
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1Microlending
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2Microlending
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt3Microlending
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt4Microlending
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt5Microlending
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt6Microlending
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt7Microlending
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt8Microlending
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt9Microlending
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt10Microlending
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd2X
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd7X
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd9X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd10X
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt172000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt250000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt338000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt435000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt531543
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt620000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt718000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt820000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt912000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt1010000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Justin Wright
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1Joseph DeNicola
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2Alan Wright
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm3V Scott Bihl
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm4Peter Guarino
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm5Rachel Lindsay
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm6Delaura Padovan - Hi
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm7George Lindsay
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm8Maren Padovan-Hickma
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm9Oliver Kline
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Co-directors
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1Bd Member Son
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2Board Member
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt3Board President
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt4Board Member
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt5Board Member
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt6Board Member
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt7Board Member
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt8Board Member
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt9Bd Member Family
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt10Bd Member Family
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IRS990ScheduleL/TotalBalanceDueAmt0398529
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The return is prepared by a CPA based on data provided by the Executive Director. A draft is forwarded to the Board President for review. Once finalized, the final 990 is forwarded to the board by the President via email.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board reviews the policy annually for individual and collective board compliance.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2:Key governing and financial documents are made available to the public on the website. Financial documents are also emailed to individual investors.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 19
IRS990/SchoolOperatingInd0false
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IRS990/StatesWhereCopyOfReturnIsFldCd0PA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0733289
IRS990/TotalAssetsEOYAmt0730156
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IRS990/TotalAssetsGrp/EOYAmt0730156
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt020080
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03132

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