Civic Intelligence

Centro Romero

990 • Fiscal year 2021 • EIN 36-3517408

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 10, 2022

6216 N Clark StChicago, IL 60660

(773) 508-5300

Siviq Scores

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

Liabilities / Assets

60th percentile

0.13x

Higher debt load relative to assets than 60% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

47th percentile

0.08x

Higher debt load relative to revenue than 47% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

35th percentile

4.6%

Higher net margin than 35% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

51st percentile

$59,333

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

71st percentile

23%

Faster asset growth than 71% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

31st percentile

-0.7%

Faster revenue growth than 31% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$1,544,356

Up $284,188 (+23%) from 2020

Net Assets

Up

$1,341,713

Up $123,418 (+10%) from 2020

Liabilities

Up

$202,643

Up $160,770 (+384%) from 2020

Revenue

Down

$2,667,687

Down $19,895 (-0.7%) from 2020

Expenses

Up

$2,544,269

Up $209,914 (+9.0%) from 2020

Net Income

Down

$123,418

Down $229,809 (-65%) from 2020

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2020: $1,260,168Liabilities 2020: $41,873Net Assets 2020: $1,218,2952020Assets 2021: $1,544,356Liabilities 2021: $202,643Net Assets 2021: $1,341,7132021Assets 2022: $1,484,824Liabilities 2022: $223,678Net Assets 2022: $1,261,1462022Assets 2023: $1,472,235Liabilities 2023: $491,019Net Assets 2023: $981,2162023Assets 2024: $1,322,113Liabilities 2024: $458,145Net Assets 2024: $863,9682024

Highlighted filing

2021

Assets$1,544,356
Liabilities$202,643
Net Assets$1,341,713

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2020: $2,687,582Expenses 2020: $2,334,355Net Income 2020: $353,2272020Revenue 2021: $2,667,687Expenses 2021: $2,544,269Net Income 2021: $123,4182021Revenue 2022: $2,890,811Expenses 2022: $2,971,379Net Income 2022: -$80,5682022Revenue 2023: $3,015,050Expenses 2023: $3,218,415Net Income 2023: -$203,3652023Revenue 2024: $3,806,709Expenses 2024: $3,931,627Net Income 2024: -$124,9182024

Highlighted filing

2021

Revenue$2,667,687
Expenses$2,544,269
Net Income$123,418
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 10, 2022
Return Version
2021v4.0
Gross Receipts
$2,671,162
Mission and Program Overview

Mission

Assist disadvantaged residents of Chicago's Edgewater, Rogers Park, and Uptown neighborhoods.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$401,218$661,342▲ $260,124
Cash and Non-Interest-Bearing Accounts$659,713$646,724▼ $12,989
Land, Buildings, and Equipment, Net$184,381$161,282▼ $23,099
Prepaid Expenses and Deferred Charges$2,971$3,123▲ $152
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,260,168$1,544,356▲ $284,188
Other Assets Total$11,885$71,885▲ $60,000
Liabilities
Deferred Revenue$17,115$148,159▲ $131,044
Accounts Payable and Accrued Expenses$24,758$54,484▲ $29,726
Total Liabilities$41,873$202,643▲ $160,770
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$957,562$981,896▲ $24,334
Net Assets With Donor Restrictions$260,733$359,817▲ $99,084
Total Net Assets Fund Balance$1,218,295$1,341,713▲ $123,418
Total Liabilities and Net Assets / Fund Balance$1,260,168$1,544,356▲ $284,188

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$161,282$165,761$327,043
Leasehold Improvements-$2,969$2,969
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Daysi J FunesEx Officio Exec DirectorFT$59,333$59,333

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,339,932
Program Service Revenue
$1,262,229
Investment Income
$3
Other Revenue
$65,523
All Other Contributions
$1,339,932
Change in Net Assets
$123,418

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,667,687
Total Revenue per Audited Statements
$2,667,687
Total Revenue per Form 990
$2,667,687
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,540,521
Other Expenses$584,348
Grants and Similar Amounts Paid$419,400
Total Fundraising Expense$58,742
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,151,226$26,783$38,745$1,216,754
Grants to Domestic Individuals$419,400--$419,400
Other Employee Benefits$150,026$5,470$448$155,944
Occupancy$112,696$5,965$2,626$121,287
Payroll Taxes$102,687$2,727$3,076$108,490
All Other Expenses$44,706$14,218$1,117$60,041
Current Officers, Directors, Trustees, and Key Employees$53,400$5,933-$59,333
Depreciation Depletion-$53,654-$53,654
Travel$17,237$358$137$17,732
Other Expenses$16,135$150$1,145$16,285
Insurance$13,697$1,128$217$15,042
Office Expenses$12,083$181$339$12,603
Advertising$105$571$362$1,038
Total Functional Expenses$2,364,013$121,514$58,742$2,544,269

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,544,269
Total Expenses per Audited Statements$2,544,269
Total Expenses per Form 990$2,544,269
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$68,998
Fundraising Direct Expenses$3,475
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Various$68,998$68,998$3,475$65,523
Total Events$68,998$68,998$3,475$65,523
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Form 990 is reviewed by the Board of Directors before it is submitted.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Officers and Directors are required to submit a signed written statement declaring whether or not he/she has a conflict of interest with the organization.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

A complete copy of form 990 and the audit report is posted on the web-site of the IL Attorney General. The web-site of the IL Attorney General is open to the general public.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Disclosure of the Organization's governing documents, policies, and financial statements are made available to the general public upon written request.

Filing and Contact Details

Filer

Filer Name
Centro Romero
EIN
36-3517408
Phone
7735085300
Address
6216 N Clark St, Chicago, IL 60660

Signing Officer

Name
Daysi J Funes
Title
Executive Director
Signed
2022-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Kasprzynski
Formed
1987
Legal Domicile
Il
Voting Board Members
14
Independent Board Members
14
Employees
70
Volunteers
110

Preparer

Firm
BG Advisors CPA LTD
Address
1250 E Diehl Rd Ste 406, Naperville, IL 60563
Preparer
Sachin Gandhi
Phone
6305051081
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: Public Benefits:A total of 1,740 family members benefited from accessing Public Benefits Programs and 89 families received assistance with rent and utility payments. We also educated 11,002 persons on the importance of preventive health care measures and the availability of health care services through Outreach Activities: organizing community education projects, seminars, workshops, and health fairs. We provided 764 persons with referrals to other agencies. The New Americans Initiative educated 496 immigrants eligible for citizenship. The Community Navigators Program educated 5,257 immigrants about their rights and the Eviction Prevention Program educated 2,570 persons about housing rights. The Community Technology Project enabled 109 clients of various programs to improve their computer skills. OTHER PROGRAM SERVICES 5: In the Youth Program, 99 youngsters between the ages of six through 13 attended an intensive age-specific after-school project that includes academic support, tutoring, recreational activities, and field trips to museums, and 12 older youth attended the BRAVE program, a violence prevention initiative. Additionally, 93 children and adults attended special events. Also, 43 parents of those program participants benefited from monthly educational workshops. OTHER PROGRAM SERVICES 6: COVID-19 Relief: In 2021 Centro Romero received a grant from the Illinois Department of Health and Human Services (IDHS) designated to provide housing assistance payments to low-income households suffering financial hardship (i.e. job loss, significant reduction of working hours, etc.) due to the COVID 19 pandemic. The payments to qualified households covered rent or mortgage, utilities, phone, and internet costs. Approximately 107 households received benefits under this program. Of the 107 households that received benefits, 39 were for more than $5,000, and 68 received less than $5,000.Centro Romero followed the IDHS Welcoming Center Housing and Utility Assistance Project Program Guide 9.23.20 (the Guide) to screen applicants for eligibility. Eligibility criteria under the Guide required Centro Romero to document each applicant's proof of Illinois residency, proof of financial hardship caused by COVID 19 pandemic, proof that the household income was 80% or less than area median income (AMI), and proof that the household did not receive any other government assistance related to COVID 19 financial hardship.

Financial Statement Notes

Part X : FIN48 Footnote

Centro Romero is exempt from federal taxes under Section 501(c)3 of the Internal Revenue Code. Contributions to Centro Romero qualify as charitable contributions under Section 170(b)(1)(A). Centro Romero is classified as an organization that is not a private foundation under Section 509(a)(2). Centro Romero's management has determined that FASB ASC 740-10, which addresses accounting for uncertainty in income taxes, has no effect on its financial statements due to Centro Romero's tax-exempt status.

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IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
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IRS990/FundraisingGrossIncomeAmt068998
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IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0419400
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IRS990/InfoInScheduleOPartIIIInd0X
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IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/FundraisingAmt0217
IRS990/InsuranceGrp/ManagementAndGeneralAmt01128
IRS990/InsuranceGrp/ProgramServicesAmt013697
IRS990/InsuranceGrp/TotalAmt015042
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IRS990/MissionDesc0Assist disadvantaged residents of Chicago's Edgewater, Rogers Park, and Uptown neighborhoods.
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IRS990/OccupancyGrp/TotalAmt0121287
IRS990/OfficeExpensesGrp/FundraisingAmt0339
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IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0448
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt05470
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt0155944
IRS990/OtherExpensesGrp/Desc0Contract services and stipends
IRS990/OtherExpensesGrp/Desc1Equipment rent, maintenance
IRS990/OtherExpensesGrp/Desc2Program expenditures
IRS990/OtherExpensesGrp/Desc3Client support
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IRS990/OtherExpensesGrp/FundraisingAmt11145
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02357
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11791
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2228
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3150
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IRS990/OtherExpensesGrp/ProgramServicesAmt174720
IRS990/OtherExpensesGrp/ProgramServicesAmt229062
IRS990/OtherExpensesGrp/ProgramServicesAmt316135
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IRS990/OtherExpensesGrp/TotalAmt177656
IRS990/OtherExpensesGrp/TotalAmt229290
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IRS990/OtherSalariesAndWagesGrp/TotalAmt01216754
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IRS990/PartialLiquidationInd0false
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02727
IRS990/PayrollTaxesGrp/ProgramServicesAmt0102687
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IRS990/PensionPlanContributionsGrp/TotalAmt00
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IRS990/PrincipalOfficerNm0Michael Kasprzynski
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1325440
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0936789
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1325440
IRS990/ProgSrvcAccomActy2Grp/Desc0Public Benefits:A total of 1,740 family members benefited from accessing Public Benefits Programs and 89 families received assistance with rent and utility payments. We also educated 11,002 persons on the importance of preventive health care measures and the availability of health care services through Outreach Activities: organizing community education projects, seminars, workshops, and health fairs. We provided 764 persons with referrals to other agencies. The New Americans Initiative educated 496 immigrants eligible for citizenship. The Community Navigators Program educated 5,257 immigrants about their rights and the Eviction Prevention Program educated 2,570 persons about housing rights. The Community Technology Project enabled 109 clients of various programs to improve their computer skills.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0534894
IRS990/ProgSrvcAccomActy3Grp/Desc0COVID-19 Relief: In 2021 Centro Romero received a grant from the Illinois Department of Health and Human Services (IDHS) designated to provide housing assistance payments to low-income households suffering financial hardship (i.e. job loss, significant reduction of working hours, etc.) due to the COVID 19 pandemic. The payments to qualified households covered rent or mortgage, utilities, phone, and internet costs. Approximately 107 households received benefits under this program. Of the 107 households that received benefits, 39 were for more than $5,000, and 68 received less than $5,000.Centro Romero followed the IDHS Welcoming Center Housing and Utility Assistance Project Program Guide 9.23.20 (the Guide) to screen applicants for eligibility. Eligibility criteria under the Guide required Centro Romero to document each applicant's proof of Illinois residency, proof of financial hardship caused by COVID 19 pandemic, proof that the household income was 80% or less than area median income (AMI), and proof that the household did not receive any other government assistance related to COVID 19 financial hardship.
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IRS990/PYOtherRevenueAmt0223151
IRS990/PYProgramServiceRevenueAmt0945996
IRS990/PYRevenuesLessExpensesAmt0353227
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IRS990/PYTotalExpensesAmt02334355
IRS990/PYTotalRevenueAmt02687582
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IRS990/ReconcilationRevenueExpnssAmt0123418
IRS990/RegularMonitoringEnfrcInd0true
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01339932
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01545469
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0759491
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0929073
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0793166
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05367131
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt03
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt014

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