Civic Intelligence

Spanish American Committee for a Better Community

990 • Fiscal year 2014 • EIN 34-1028559

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 15, 2015

4407 Lorain AvenueCleveland, OH 44113

(216) 961-2100

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

62nd percentile

0.13x

Higher debt load relative to assets than 62% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

61st percentile

0.09x

Higher debt load relative to revenue than 61% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

15th percentile

-17%

Higher net margin than 15% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

74th percentile

$64,095

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 9.3% of source-year revenue.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

12th percentile

-15%

Faster asset growth than 12% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

12th percentile

-24%

Faster revenue growth than 12% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Assets

Down

$511,717

Down $88,019 (-15%) from 2013

Net Assets

Down

$447,131

Down $113,747 (-20%) from 2013

Liabilities

Up

$64,586

Up $25,728 (+66%) from 2013

Revenue

Down

$687,809

Down $218,586 (-24%) from 2013

Expenses

Down

$801,556

Down $130,253 (-14%) from 2013

Net Income

Down

-$113,747

Down $88,333 (-348%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2010: $782,571Liabilities 2010: $82,465Net Assets 2010: $700,1062010Assets 2011: $677,980Liabilities 2011: $63,260Net Assets 2011: $614,7202011Assets 2012: $636,909Liabilities 2012: $119,899Net Assets 2012: $517,0102012Assets 2013: $599,736Liabilities 2013: $38,858Net Assets 2013: $560,8782013Assets 2014: $511,717Liabilities 2014: $64,586Net Assets 2014: $447,1312014Assets 2015: $475,085Liabilities 2015: $54,182Net Assets 2015: $420,9032015Assets 2016: $326,772Liabilities 2016: $60,423Net Assets 2016: $266,3492016Assets 2017: $633,948Liabilities 2017: $128,803Net Assets 2017: $505,1452017Assets 2018: $881,909Liabilities 2018: $51,295Net Assets 2018: $830,6142018Assets 2019: $967,044Liabilities 2019: $91,678Net Assets 2019: $875,3662019Assets 2020: $1,171,019Liabilities 2020: $159,835Net Assets 2020: $1,011,1842020Assets 2021: $1,210,777Liabilities 2021: $43,064Net Assets 2021: $1,167,7132021Assets 2022: $1,687,633Liabilities 2022: $120,544Net Assets 2022: $1,567,0892022Assets 2023: $1,975,015Liabilities 2023: $17,054Net Assets 2023: $1,957,9612023Assets 2024: $2,148,798Liabilities 2024: $21,352Net Assets 2024: $2,127,4462024

Highlighted filing

2014

Assets$511,717
Liabilities$64,586
Net Assets$447,131

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MExpenses 2010: $1,224,8092010Expenses 2011: $1,232,0002011Expenses 2012: $1,144,0162012Revenue 2013: $906,395Expenses 2013: $931,809Net Income 2013: -$25,4142013Revenue 2014: $687,809Expenses 2014: $801,556Net Income 2014: -$113,7472014Revenue 2015: $698,184Expenses 2015: $700,076Net Income 2015: -$1,8922015Revenue 2016: $634,042Expenses 2016: $777,526Net Income 2016: -$143,4842016Revenue 2017: $854,571Expenses 2017: $608,166Net Income 2017: $246,4052017Revenue 2018: $1,206,966Expenses 2018: $873,739Net Income 2018: $333,2272018Revenue 2019: $1,087,335Expenses 2019: $1,054,149Net Income 2019: $33,1862019Revenue 2020: $1,170,646Expenses 2020: $1,028,557Net Income 2020: $142,0892020Revenue 2021: $1,069,667Expenses 2021: $927,936Net Income 2021: $141,7312021Revenue 2022: $1,610,115Expenses 2022: $1,210,739Net Income 2022: $399,3762022Revenue 2023: $1,930,036Expenses 2023: $1,539,164Net Income 2023: $390,8722023Revenue 2024: $1,780,313Expenses 2024: $1,610,828Net Income 2024: $169,4852024

Highlighted filing

2014

Revenue$687,809
Expenses$801,556
Net Income-$113,747
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 15, 2015
Return Version
2014v5.0
Gross Receipts
$752,040
Mission and Program Overview

Mission

Mission to advocate for and offer bilingual programs and services to latinos and other individuals, children and families, and to foster self-sufficiency, career readiness, and welath creation for the purpose of creating greater socioeconimic stability in the community.

Mission: to advocate for and offer bilingual programs and services to latinos and other individuals, children and families, and to foster self- sufficiency, career readiness, and wealth creation for the purpose of creating greater socioeconomic stability in the community and the northeast ohio region. Vision: the spanish american committee is the oldest latino serving organization in the northeast ohio region and cleveland. Through its programs and advocacy, and through its collaboration and partnering with other latino serving organizations, it will pursue a more equitable and better life and greater self-sufficiency for all. The organization will also promote bilingualism in spanish and english, and the related cultural traits that have historically defined latinos. The aggregate of sac's efforts will help america become a more ethnically and racially diverse society where people enjoy to the fullest extent possible economic equality and social justice.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$368,678$296,135▼ $72,543
Pledges and Grants Receivable$117,568$83,182▼ $34,386
Land, Buildings, and Equipment, Net$95,900$72,216▼ $23,684
Cash and Non-Interest-Bearing Accounts$10,277$53,280▲ $43,003
Prepaid Expenses and Deferred Charges$6,282$6,259▼ $23
Accounts Receivable$1,031$645▼ $386
Total Assets$599,736$511,717▼ $88,019
Liabilities
Accounts Payable and Accrued Expenses$38,858$64,586▲ $25,728
Total Liabilities$38,858$64,586▲ $25,728
Net Assets / Fund Balance
Unrestricted Net Assets$507,304$418,629▼ $88,675
Temporarily Rstr Net Assets$53,574$28,502▼ $25,072
Total Net Assets Fund Balance$560,878$447,131▼ $113,747
Total Liabilities and Net Assets / Fund Balance$599,736$511,717▼ $88,019

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$58,315$402,700$461,015
Equipment$13,901$85,913$99,814
Other Land Buildings-$40,370$40,370
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Ramonita VargasExecutive DiFT$64,095$64,095

Board Members and Trustees

NameTitle
Christopher MartinezPresident
Angela QuinonesDirector
Efrain ColonDirector
Ivan GomezDirector
Pastor Omar MedinaDirector
Maria AndersonSec. Vice Pr
Jose M MelendezVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$626,438
Program Service Revenue
$85,594
Investment Income
$9,027
Other Revenue
$-33,250
All Other Contributions
$156,051
Change in Net Assets
$-113,747

Audited Revenue Reconciliation

Revenue per Audited Statements
$687,809
Total Revenue per Audited Statements
$687,809
Total Revenue per Form 990
$687,809
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$550,833
Other Expenses$250,723
Total Fundraising Expense$49,352
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$364,750$23,136$15,983$403,869
Occupancy$81,351$1,775$1,988$85,114
Current Officers, Directors, Trustees, and Key Employees$41,662$6,409$16,024$64,095
Payroll Taxes$51,275$4,629$5,015$60,919
Fees for Services Other$38,411$16,506-$54,917
Office Expenses$22,183$2,912$49$25,144
Depreciation Depletion$21,841$1,075$1,380$24,296
Other Employee Benefits$8,427$6,491$7,032$21,950
Insurance$8,702$2,582-$11,284
Travel$8,652$2,316-$10,968
Information Technology$7,868--$7,868
Fees for Services Accounting$4,923$712-$5,635
Other Expenses$112$57$1,881$2,050
Interest$372$653-$1,025
Advertising-$1,021-$1,021
Total Functional Expenses$680,242$71,962$49,352$801,556

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$801,556
Total Expenses per Audited Statements$801,556
Total Expenses per Form 990$801,556
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$64,231
Fundraising Gross Income$30,981
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Special Events$84,481$30,981$46,105$-15,124
Total Events$84,481$30,981$64,231$-33,250
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
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

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

A copy of the federal form 990 was given to the finance committee prior to presentation to the entire board.

Form 990, Page 6, Part VI, Line 12C

At the first meeting of the year each board member is given a copy of the conflict of interest policy to read. They are then requested to submit any conflicts they may have to the president of the board.

Form 990, Page 6, Part VI, Line 15A

The executive committee is responsible for determining the executive director's salary. They use various resources such as other organizations' federal form 990s, local industry standards and the limited resources of the organization.

Form 990, Page 6, Part VI, Line 19

Consistent with the requirements of section 604 (d) of the irc and the regultions thereunder, copies of the organization's federal form 990 and governing documents shall be made available to the public upon written request, in a timely manner, and subject to the charges permitted by law to any individual who request it.

Filing and Contact Details

Filer

Filer Name
Spanish American Committee
EIN
34-1028559
Phone
2169612100
Address
4407 LORAIN AVENUE, CLEVELAND, OH 44113

Signing Officer

Name
Ramonita Vargas
Title
Director
Phone
2169612100
Signed
2015-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ramonita Vargas
Formed
1966
Legal Domicile
Oh
Voting Board Members
7
Independent Board Members
7
Employees
23

Preparer

Firm
Koester Disalvo and Fried
Address
5587 TURNEY ROAD, GARFIELD HTS, OH 44125
Preparer
Kc Koester
Phone
2164757844
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Mission: to advocate for and offer bilingual programs and services to latinos and other individuals, children and families, and to foster self- sufficiency, career readiness, and wealth creation for the purpose of creating greater socioeconomic stability in the community and the northeast ohio region. Vision: the spanish american committee is the oldest latino serving organization in the northeast ohio region and cleveland. Through its programs and advocacy, and through its collaboration and partnering with other latino serving organizations, it will pursue a more equitable and better life and greater self-sufficiency for all. The organization will also promote bilingualism in spanish and english, and the related cultural traits that have historically defined latinos. The aggregate of sac's efforts will help america become a more ethnically and racially diverse society where people enjoy to the fullest extent possible economic equality and social justice.

Form 990, Page 2, Part III, Line 4C

Renter household service objective: to increase affordable housing opportunities for renters. We provide our clients with a number of informational tools to assure that they are living in an affordable and comfortable living environment. To do this, we assist them with rental related problems as well as provide them with information on low-income housing. In addition, we provide a number of seminars to educate clients on landlord/tenant rights and responsibilities and other pertinent issues relating to housing. Home-buyer education financial literacy objective: to increase homeownership through counseling, we educate our clients on the entire process of homeownership and provide them with information regarding resources that are available to them. Through the financial literacy component, we determine the clients financial readiness for homeownership. We attempt to recognize any barriers that are preventing financial stability and establish a plan to solve them. Foreclosure /mortgage delinquency prevention: as the foreclosure crisis continues the spanish american committee housing counseling program will provide counseling services to families having experiencing foreclosure or mortgage delinquency. Through one-on-one and or group setting our certify housing counselors will provide the following services: direct communication: our bilingual counselors have relationships with banks as well as mortgage companies with loss mitigation. Counseling: it is never too late or too early to prevent foreclosure assistance. Our counselors can provided direct dialogue with lenders to develop a work out plan for reinstatement. Assessment: the spanish american committee can negotiate mortgage loan modifications, forbearance agreements' and repayment plans.

Form 990, Page 2, Part III, Line 4D

Ged rise program - the ged rise program assists in improving the quality of life of individuals and families in cleveland and cuyahoga county by identifying strategies to overcome barriers to ged completion. The bilingual ged rise program targets limited english-speaking hispanic and non-hispanic youth between the ages of 16-24, who meet one of the following criteria: out of foster care, teen parent, formerly incarcerated as a juvenile or young adult, other eligibility requirements are: have not completed high school, unemployed and not participating in education- related programs. Employment - employment and training program career and adult education services assist clients in gaining employment. Services include the job readiness/job search class which provides bilingual assistance for hispanic and non-hispanic individuals. Services are provided weekdays from 9am-4pm and include: intake and assessment, resume preparation, notary services, intensive case management, employment barrier identification and removal, including lectures and videos, individual coaching, mock interviews, computer lab experience, full-time and part-time employment and placement services, daily job search, employment referrals, online applications, job interviews, and employment retention services.

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IRS990/MissionDesc0MISSION: TO ADVOCATE FOR AND OFFER BILINGUAL PROGRAMS AND SERVICES TO LATINOS AND OTHER INDIVIDUALS, CHILDREN AND FAMILIES, AND TO FOSTER SELF- SUFFICIENCY, CAREER READINESS, AND WEALTH CREATION FOR THE PURPOSE OF CREATING GREATER SOCIOECONOMIC STABILITY IN THE COMMUNITY AND THE NORTHEAST OHIO REGION. VISION: THE SPANISH AMERICAN COMMITTEE IS THE OLDEST LATINO SERVING ORGANIZATION IN THE NORTHEAST OHIO REGION AND CLEVELAND. THROUGH ITS PROGRAMS AND ADVOCACY, AND THROUGH ITS COLLABORATION AND PARTNERING WITH OTHER LATINO SERVING ORGANIZATIONS, IT WILL PURSUE A MORE EQUITABLE AND BETTER LIFE AND GREATER SELF-SUFFICIENCY FOR ALL. THE ORGANIZATION WILL ALSO PROMOTE BILINGUALISM IN SPANISH AND ENGLISH, AND THE RELATED CULTURAL TRAITS THAT HAVE HISTORICALLY DEFINED LATINOS. THE AGGREGATE OF SAC'S EFFORTS WILL HELP AMERICA BECOME A MORE ETHNICALLY AND RACIALLY DIVERSE SOCIETY WHERE PEOPLE ENJOY TO THE FULLEST EXTENT POSSIBLE ECONOMIC EQUALITY AND SOCIAL JUSTICE.
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IRS990/ProgSrvcAccomActy2Grp/Desc0FAMILY SUPPORT AND SOCIAL SERVICES- FAMILIES AND INDIVIDUALS IN NEED OF FOOD,CLOTHING OR SHELTER ARE THE FOCUS OF OUR FAMILY SUPPORT PROGRAM. OUR FOCUS IN ESTABLISHING COMMUNITIES OF SELF-SUFFICIENCY IS TO ELIMINATE OR STABILIZE IMMEDIATE CRISES AND TO PROVIDE LONG-TERM PLANS FOR SELF- SUFFICIENCY. THE FAMILY SUPPORT PROGRAM CONSISTS OF THE FOLLOWING SERVICES: CENTRAL INTAKE, CRISIS INTERVENTION, STRONG START, HELP ME GROW, AND INTERPRETATION SERVICES.
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IRS990/ProgSrvcAccomActy3Grp/Desc0HOUSING SERVICES - THE SPANISH AMERICAN COMMITTEE HOUSING SERVICES PROGRAM IS DESIGNED TO MEET THE HOUSING NEEDS OF THE HISPANIC COMMUNITY. TO DO THIS, WE SERVE AS THE BRIDGE BETWEEN LOCAL CDC'S, HOUSING SERVICE PROVIDERS, AND THE HISPANIC COMMUNITY TO PROVIDE A NUMBER OF HOUSING RELATED SERVICES. OUR MISSION IS TO PROVIDE OUR CLIENTS WITH THE NECESSARY COMPONENTS TO CREATE WEALTH AND STABILITY WITHIN THEIR COMMUNITY. OUR APPROACH IS TO PARTNER WITH COMMUNITY LENDERS TO PROVIDE A CASE MANAGEMENT APPROACH TOWARDS EMPOWERMENT BY PROVIDING SERVICES OF: HOME BUYING EDUCATION CLASSES, CREDIT REPORT, COUNSELING, FINANCIAL LITERACY, HOMEOWNERS INSURANCE, PRE-APPROVAL: BANKS OR MORTGAGE COMPANY, SEARCHING FOR A HOME RENTER HOUSEHOLD SERVICE OBJECTIVE: TO INCREASE AFFORDABLE HOUSING OPPORTUNITIES FOR RENTERS. WE PROVIDE OUR CLIENTS WITH A NUMBER OF INFORMATIONAL TOOLS TO ASSURE THAT THEY ARE LIVING IN AN AFFORDABLE AND COMFORTABLE LIVING ENVIRONMENT. TO DO THIS, WE ASSIST THEM WITH RENTAL RELATED PROBLEMS AS WELL AS PROVIDE THEM WITH INFORMATION ON LOW-INCOME HOUSING. IN ADDITION, WE PROVIDE A NUMBER OF SEMINARS TO EDUCATE CLIENTS ON LANDLORD/TENANT RIGHTS AND RESPONSIBILITIES AND OTHER PERTINENT ISSUES RELATING TO HOUSING. HOME-BUYER EDUCATION FINANCIAL LITERACY OBJECTIVE: TO INCREASE HOMEOWNERSHIP THROUGH COUNSELING, WE EDUCATE OUR CLIENTS ON THE ENTIRE PROCESS OF HOMEOWNERSHIP AND PROVIDE THEM WITH INFORMATION REGARDING RESOURCES THAT ARE AVAILABLE TO THEM. THROUGH THE FINANCIAL LITERACY COMPONENT, WE DETERMINE THE CLIENTS FINANCIAL READINESS FOR HOMEOWNERSHIP. WE ATTEMPT TO RECOGNIZE ANY BARRIERS THAT ARE PREVENTING FINANCIAL STABILITY AND ESTABLISH A PLAN TO SOLVE THEM. FORECLOSURE /MORTGAGE DELINQUENCY PREVENTION: AS THE FORECLOSURE CRISIS CONTINUES THE SPANISH AMERICAN COMMITTEE HOUSING COUNSELING PROGRAM WILL PROVIDE COUNSELING SERVICES TO FAMILIES HAVING EXPERIENCING FORECLOSURE OR MORTGAGE DELINQUENCY. THROUGH ONE-ON-ONE AND OR GROUP SETTING OUR CERTIFY HOUSING COUNSELORS WILL PROVIDE THE FOLLOWING SERVICES: DIRECT COMMUNICATION: OUR BILINGUAL COUNSELORS HAVE RELATIONSHIPS WITH BANKS AS WELL AS MORTGAGE COMPANIES WITH LOSS MITIGATION. COUNSELING: IT IS NEVER TOO LATE OR TOO EARLY TO PREVENT FORECLOSURE ASSISTANCE. OUR COUNSELORS CAN PROVIDED DIRECT DIALOGUE WITH LENDERS TO DEVELOP A WORK OUT PLAN FOR REINSTATEMENT. ASSESSMENT: THE SPANISH AMERICAN COMMITTEE CAN NEGOTIATE MORTGAGE LOAN MODIFICATIONS, FORBEARANCE AGREEMENTS' AND REPAYMENT PLANS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0160310
IRS990/ProgSrvcAccomActyOtherGrp/Desc0GED RISE PROGRAM - THE GED RISE PROGRAM ASSISTS IN IMPROVING THE QUALITY OF LIFE OF INDIVIDUALS AND FAMILIES IN CLEVELAND AND CUYAHOGA COUNTY BY IDENTIFYING STRATEGIES TO OVERCOME BARRIERS TO GED COMPLETION. THE BILINGUAL GED RISE PROGRAM TARGETS LIMITED ENGLISH-SPEAKING HISPANIC AND NON-HISPANIC YOUTH BETWEEN THE AGES OF 16-24, WHO MEET ONE OF THE FOLLOWING CRITERIA: OUT OF FOSTER CARE, TEEN PARENT, FORMERLY INCARCERATED AS A JUVENILE OR YOUNG ADULT, OTHER ELIGIBILITY REQUIREMENTS ARE: HAVE NOT COMPLETED HIGH SCHOOL, UNEMPLOYED AND NOT PARTICIPATING IN EDUCATION- RELATED PROGRAMS. EMPLOYMENT - EMPLOYMENT AND TRAINING PROGRAM CAREER AND ADULT EDUCATION SERVICES ASSIST CLIENTS IN GAINING EMPLOYMENT. SERVICES INCLUDE THE JOB READINESS/JOB SEARCH CLASS WHICH PROVIDES BILINGUAL ASSISTANCE FOR HISPANIC AND NON-HISPANIC INDIVIDUALS. SERVICES ARE PROVIDED WEEKDAYS FROM 9AM-4PM AND INCLUDE: INTAKE AND ASSESSMENT, RESUME PREPARATION, NOTARY SERVICES, INTENSIVE CASE MANAGEMENT, EMPLOYMENT BARRIER IDENTIFICATION AND REMOVAL, INCLUDING LECTURES AND VIDEOS, INDIVIDUAL COACHING, MOCK INTERVIEWS, COMPUTER LAB EXPERIENCE, FULL-TIME AND PART-TIME EMPLOYMENT AND PLACEMENT SERVICES, DAILY JOB SEARCH, EMPLOYMENT REFERRALS, ONLINE APPLICATIONS, JOB INTERVIEWS, AND EMPLOYMENT RETENTION SERVICES.
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IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SPECIAL EVENTS
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MISSION: TO ADVOCATE FOR AND OFFER BILINGUAL PROGRAMS AND SERVICES TO LATINOS AND OTHER INDIVIDUALS, CHILDREN AND FAMILIES, AND TO FOSTER SELF- SUFFICIENCY, CAREER READINESS, AND WEALTH CREATION FOR THE PURPOSE OF CREATING GREATER SOCIOECONOMIC STABILITY IN THE COMMUNITY AND THE NORTHEAST OHIO REGION. VISION: THE SPANISH AMERICAN COMMITTEE IS THE OLDEST LATINO SERVING ORGANIZATION IN THE NORTHEAST OHIO REGION AND CLEVELAND. THROUGH ITS PROGRAMS AND ADVOCACY, AND THROUGH ITS COLLABORATION AND PARTNERING WITH OTHER LATINO SERVING ORGANIZATIONS, IT WILL PURSUE A MORE EQUITABLE AND BETTER LIFE AND GREATER SELF-SUFFICIENCY FOR ALL. THE ORGANIZATION WILL ALSO PROMOTE BILINGUALISM IN SPANISH AND ENGLISH, AND THE RELATED CULTURAL TRAITS THAT HAVE HISTORICALLY DEFINED LATINOS. THE AGGREGATE OF SAC'S EFFORTS WILL HELP AMERICA BECOME A MORE ETHNICALLY AND RACIALLY DIVERSE SOCIETY WHERE PEOPLE ENJOY TO THE FULLEST EXTENT POSSIBLE ECONOMIC EQUALITY AND SOCIAL JUSTICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1RENTER HOUSEHOLD SERVICE OBJECTIVE: TO INCREASE AFFORDABLE HOUSING OPPORTUNITIES FOR RENTERS. WE PROVIDE OUR CLIENTS WITH A NUMBER OF INFORMATIONAL TOOLS TO ASSURE THAT THEY ARE LIVING IN AN AFFORDABLE AND COMFORTABLE LIVING ENVIRONMENT. TO DO THIS, WE ASSIST THEM WITH RENTAL RELATED PROBLEMS AS WELL AS PROVIDE THEM WITH INFORMATION ON LOW-INCOME HOUSING. IN ADDITION, WE PROVIDE A NUMBER OF SEMINARS TO EDUCATE CLIENTS ON LANDLORD/TENANT RIGHTS AND RESPONSIBILITIES AND OTHER PERTINENT ISSUES RELATING TO HOUSING. HOME-BUYER EDUCATION FINANCIAL LITERACY OBJECTIVE: TO INCREASE HOMEOWNERSHIP THROUGH COUNSELING, WE EDUCATE OUR CLIENTS ON THE ENTIRE PROCESS OF HOMEOWNERSHIP AND PROVIDE THEM WITH INFORMATION REGARDING RESOURCES THAT ARE AVAILABLE TO THEM. THROUGH THE FINANCIAL LITERACY COMPONENT, WE DETERMINE THE CLIENTS FINANCIAL READINESS FOR HOMEOWNERSHIP. WE ATTEMPT TO RECOGNIZE ANY BARRIERS THAT ARE PREVENTING FINANCIAL STABILITY AND ESTABLISH A PLAN TO SOLVE THEM. FORECLOSURE /MORTGAGE DELINQUENCY PREVENTION: AS THE FORECLOSURE CRISIS CONTINUES THE SPANISH AMERICAN COMMITTEE HOUSING COUNSELING PROGRAM WILL PROVIDE COUNSELING SERVICES TO FAMILIES HAVING EXPERIENCING FORECLOSURE OR MORTGAGE DELINQUENCY. THROUGH ONE-ON-ONE AND OR GROUP SETTING OUR CERTIFY HOUSING COUNSELORS WILL PROVIDE THE FOLLOWING SERVICES: DIRECT COMMUNICATION: OUR BILINGUAL COUNSELORS HAVE RELATIONSHIPS WITH BANKS AS WELL AS MORTGAGE COMPANIES WITH LOSS MITIGATION. COUNSELING: IT IS NEVER TOO LATE OR TOO EARLY TO PREVENT FORECLOSURE ASSISTANCE. OUR COUNSELORS CAN PROVIDED DIRECT DIALOGUE WITH LENDERS TO DEVELOP A WORK OUT PLAN FOR REINSTATEMENT. ASSESSMENT: THE SPANISH AMERICAN COMMITTEE CAN NEGOTIATE MORTGAGE LOAN MODIFICATIONS, FORBEARANCE AGREEMENTS' AND REPAYMENT PLANS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GED RISE PROGRAM - THE GED RISE PROGRAM ASSISTS IN IMPROVING THE QUALITY OF LIFE OF INDIVIDUALS AND FAMILIES IN CLEVELAND AND CUYAHOGA COUNTY BY IDENTIFYING STRATEGIES TO OVERCOME BARRIERS TO GED COMPLETION. THE BILINGUAL GED RISE PROGRAM TARGETS LIMITED ENGLISH-SPEAKING HISPANIC AND NON-HISPANIC YOUTH BETWEEN THE AGES OF 16-24, WHO MEET ONE OF THE FOLLOWING CRITERIA: OUT OF FOSTER CARE, TEEN PARENT, FORMERLY INCARCERATED AS A JUVENILE OR YOUNG ADULT, OTHER ELIGIBILITY REQUIREMENTS ARE: HAVE NOT COMPLETED HIGH SCHOOL, UNEMPLOYED AND NOT PARTICIPATING IN EDUCATION- RELATED PROGRAMS. EMPLOYMENT - EMPLOYMENT AND TRAINING PROGRAM CAREER AND ADULT EDUCATION SERVICES ASSIST CLIENTS IN GAINING EMPLOYMENT. SERVICES INCLUDE THE JOB READINESS/JOB SEARCH CLASS WHICH PROVIDES BILINGUAL ASSISTANCE FOR HISPANIC AND NON-HISPANIC INDIVIDUALS. SERVICES ARE PROVIDED WEEKDAYS FROM 9AM-4PM AND INCLUDE: INTAKE AND ASSESSMENT, RESUME PREPARATION, NOTARY SERVICES, INTENSIVE CASE MANAGEMENT, EMPLOYMENT BARRIER IDENTIFICATION AND REMOVAL, INCLUDING LECTURES AND VIDEOS, INDIVIDUAL COACHING, MOCK INTERVIEWS, COMPUTER LAB EXPERIENCE, FULL-TIME AND PART-TIME EMPLOYMENT AND PLACEMENT SERVICES, DAILY JOB SEARCH, EMPLOYMENT REFERRALS, ONLINE APPLICATIONS, JOB INTERVIEWS, AND EMPLOYMENT RETENTION SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY OF THE FEDERAL FORM 990 WAS GIVEN TO THE FINANCE COMMITTEE PRIOR TO PRESENTATION TO THE ENTIRE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AT THE FIRST MEETING OF THE YEAR EACH BOARD MEMBER IS GIVEN A COPY OF THE CONFLICT OF INTEREST POLICY TO READ. THEY ARE THEN REQUESTED TO SUBMIT ANY CONFLICTS THEY MAY HAVE TO THE PRESIDENT OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE EXECUTIVE COMMITTEE IS RESPONSIBLE FOR DETERMINING THE EXECUTIVE DIRECTOR'S SALARY. THEY USE VARIOUS RESOURCES SUCH AS OTHER ORGANIZATIONS' FEDERAL FORM 990S, LOCAL INDUSTRY STANDARDS AND THE LIMITED RESOURCES OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CONSISTENT WITH THE REQUIREMENTS OF SECTION 604 (D) OF THE IRC AND THE REGULTIONS THEREUNDER, COPIES OF THE ORGANIZATION'S FEDERAL FORM 990 AND GOVERNING DOCUMENTS SHALL BE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST, IN A TIMELY MANNER, AND SUBJECT TO THE CHARGES PERMITTED BY LAW TO ANY INDIVIDUAL WHO REQUEST IT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.15$0.02$2.13$1.78$1.61$0.17
2023Detailed filing. Detailed filing data is available for this year.$1.98$0.02$1.96$1.93$1.54$0.39
2022Detailed filing. Detailed filing data is available for this year.$1.69$0.12$1.57$1.61$1.21$0.40
2021Detailed filing. Detailed filing data is available for this year.$1.21$0.04$1.17$1.07$0.93$0.14
2020Detailed filing. Detailed filing data is available for this year.$1.17$0.16$1.01$1.17$1.03$0.14
2019Detailed filing. Detailed filing data is available for this year.$0.97$0.09$0.88$1.09$1.05$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.88$0.05$0.83$1.21$0.87$0.33
2017Detailed filing. Detailed filing data is available for this year.$0.63$0.13$0.51$0.85$0.61$0.25
2016Detailed filing. Detailed filing data is available for this year.$0.33$0.06$0.27$0.63$0.78$0.14
2015Detailed filing. Detailed filing data is available for this year.$0.48$0.05$0.42$0.70$0.70$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.51$0.06$0.45$0.69$0.80$0.11
2013Detailed filing. Detailed filing data is available for this year.$0.60$0.04$0.56$0.91$0.93$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.64$0.12$0.52$1.14
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.68$0.06$0.61$1.23
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.78$0.08$0.70$1.22