Civic Intelligence

Latino Resource Organization Inc.

990 • Fiscal year 2019 • EIN 95-3655201

Jul 01, 2018 to Jun 30, 2019 • Filed on May 14, 2020

1645 Corinth AveLos Angeles, CA 90025

(310) 578-6069

Siviq Scores

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

Liabilities / Assets

74th percentile

0.22x

Higher debt load relative to assets than 74% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

66th percentile

0.09x

Higher debt load relative to revenue than 66% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

27th percentile

-4.9%

Higher net margin than 27% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

88th percentile

$100,404

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 10.2% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

14th percentile

-12%

Faster asset growth than 14% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

29th percentile

-6.6%

Faster revenue growth than 29% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Down

$403,820

Down $55,783 (-12%) from 2018

Net Assets

Down

$316,481

Down $48,407 (-13%) from 2018

Liabilities

Down

$87,339

Down $7,376 (-7.8%) from 2018

Revenue

Down

$984,322

Down $69,940 (-6.6%) from 2018

Expenses

Up

$1,032,729

Up $27,294 (+2.7%) from 2018

Net Income

Down

-$48,407

Down $97,234 (-199%) from 2018

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $33,421Liabilities 2011: $6712011Assets 2012: $126,231Liabilities 2012: $71,7192012Assets 2013: $95,925Liabilities 2013: $60,401Net Assets 2013: $35,5242013Assets 2014: $114,825Liabilities 2014: $13,754Net Assets 2014: $101,0712014Assets 2015: $323,950Liabilities 2015: $132,753Net Assets 2015: $191,1972015Assets 2016: $296,069Liabilities 2016: $32,431Net Assets 2016: $263,6382016Assets 2017: $342,218Liabilities 2017: $26,157Net Assets 2017: $316,0612017Assets 2018: $459,603Liabilities 2018: $94,715Net Assets 2018: $364,8882018Assets 2019: $403,820Liabilities 2019: $87,339Net Assets 2019: $316,4812019Assets 2020: $511,526Liabilities 2020: $131,937Net Assets 2020: $379,5892020Assets 2021: $503,168Liabilities 2021: $130,787Net Assets 2021: $372,3812021Assets 2022: $609,194Liabilities 2022: $226,009Net Assets 2022: $383,1852022Assets 2023: $494,992Liabilities 2023: $45,389Net Assets 2023: $449,6032023Assets 2024: $413,525Liabilities 2024: $28,063Net Assets 2024: $385,4622024

Highlighted filing

2019

Assets$403,820
Liabilities$87,339
Net Assets$316,481

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $86,975Expenses 2011: $101,255Net Income 2011: -$14,2802011Revenue 2012: $172,732Expenses 2012: $150,970Net Income 2012: $21,7622012Revenue 2013: $823,242Expenses 2013: $842,230Net Income 2013: -$18,9882013Revenue 2014: $765,460Expenses 2014: $699,913Net Income 2014: $65,5472014Revenue 2015: $903,957Expenses 2015: $813,831Net Income 2015: $90,1262015Revenue 2016: $801,742Expenses 2016: $729,301Net Income 2016: $72,4412016Revenue 2017: $805,642Expenses 2017: $753,219Net Income 2017: $52,4232017Revenue 2018: $1,054,262Expenses 2018: $1,005,435Net Income 2018: $48,8272018Revenue 2019: $984,322Expenses 2019: $1,032,729Net Income 2019: -$48,4072019Revenue 2020: $979,260Expenses 2020: $916,152Net Income 2020: $63,1082020Revenue 2021: $935,012Expenses 2021: $942,220Net Income 2021: -$7,2082021Revenue 2022: $1,278,060Expenses 2022: $1,267,256Net Income 2022: $10,8042022Revenue 2023: $1,320,587Expenses 2023: $1,254,169Net Income 2023: $66,4182023Revenue 2024: $469,774Expenses 2024: $533,915Net Income 2024: -$64,1412024

Highlighted filing

2019

Revenue$984,322
Expenses$1,032,729
Net Income-$48,407
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 14, 2020
Return Version
2018v3.1
Gross Receipts
$984,322
Mission and Program Overview

Mission

Founded 30 years ago, Latino Resource Organization (LRO) claims deep, enduring connections to its target population, specifically working poor communities and extremely low-income families. LRO addresses the economic, educational, emotional, and cultural issues common to these disadvantaged immigrant households. Starting with safety net and basic needs, the agency helps them advance to an improved quality of life.

Westside Los Angeles nonprofit organization dedicated to provide a continuum of core services designed to assist very-low, and low income families successfully attain socio-economic resources and youth services that target increasing academic achievement.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$143,360$306,843▲ $163,483
Cash and Non-Interest-Bearing Accounts$280,416$82,791▼ $197,625
Land, Buildings, and Equipment, Net$7,369$9,647▲ $2,278
Prepaid Expenses and Deferred Charges$4,138$4,539▲ $401
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$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$459,603$403,820▼ $55,783
Other Assets Total$24,320$0▼ $24,320
Liabilities
Accounts Payable and Accrued Expenses$93,709$86,919▼ $6,790
Other Liabilities$1,006$420▼ $586
Total Liabilities$94,715$87,339▼ $7,376
Net Assets / Fund Balance
Unrestricted Net Assets$335,721$287,314▼ $48,407
Temporarily Rstr Net Assets$29,167$29,167→ $0
Total Net Assets Fund Balance$364,888$316,481▼ $48,407
Total Liabilities and Net Assets / Fund Balance$459,603$403,820▼ $55,783

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$9,647$13,799$23,446
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Joseph SotoExecutive DirectorFT$100,404$100,404
Revenue and Support

Revenue Composition

Contributions and Grants
$984,322
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$984,322
Change in Net Assets
$-48,407

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeReported AmountValuation Method
Other Non Cash Contri Table$226,229Fair Market Value (FMV)
Total Noncash Contributions$226,229-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$658,255
Other Expenses$368,380
Total Fundraising Expense$20,378
Professional Fundraising Fees$6,094
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$448,858$18,899$4,725$472,482
Occupancy$204,379$8,606$2,151$215,136
Current Officers, Directors, Trustees, and Key Employees$85,343$10,041$5,020$100,404
Payroll Taxes$48,833$2,056$514$51,403
All Other Expenses$37,818$1,591$399$39,808
Other Employee Benefits$32,268$1,358$340$33,966
Other Expenses$10,613$447$112$11,172
Insurance$10,245$431$108$10,784
Fees for Services Professional Fundraising--$6,094$6,094
Fees for Services Other$3,827$161$40$4,028
Interest$86$4$1$91
Advertising$10--$10
Total Functional Expenses$965,264$47,087$20,378$1,032,729
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$6,094
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Card Opus$420
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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

No review was or will be conducted.

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

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Latino Resource Organization
EIN
95-3655201
Address
1645 Corinth Ave, Los Angeles, CA 90025

Signing Officer

Name
Joseph Soto
Title
Executive Director
Signed
2020-05-14

Organization Details

Principal Officer
Joseph Soto
Formed
1983
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
6
Employees
22
Volunteers
6
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0801742
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0903957
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04549925
IRS990ScheduleA/TotalSupportAmt04549925
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt09647
IRS990ScheduleD/EquipmentGrp/DepreciationAmt013799
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt023446
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0420
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Credit Card Opus
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09647
IRS990ScheduleD/TotalLiabilityAmt0420
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0Rental use
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0226229
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt029167
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt029167
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0459603
IRS990/TotalAssetsEOYAmt0403820
IRS990/TotalAssetsGrp/BOYAmt0459603
IRS990/TotalAssetsGrp/EOYAmt0403820
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0984322
IRS990/TotalEmployeeCnt022
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt020378
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt047087
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0965264
IRS990/TotalFunctionalExpensesGrp/TotalAmt01032729
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt094715
IRS990/TotalLiabilitiesEOYAmt087339
IRS990/TotalLiabilitiesGrp/BOYAmt094715
IRS990/TotalLiabilitiesGrp/EOYAmt087339
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0364888
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0316481
IRS990/TotalProgramServiceExpensesAmt0965264
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt0100404
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0984322
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0459603
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0403820
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0335721
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0287314
IRS990/USAddress/AddressLine1Txt01645 Corinth Ave 112
IRS990/USAddress/CityNm0Los Angeles
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd090025
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0www.latinoresource.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Joseph Soto
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Dir.
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Latino Resource Organization
ReturnHeader/Filer/BusinessNameControlTxt0LATI
ReturnHeader/Filer/EIN0953655201
ReturnHeader/Filer/USAddress/AddressLine1Txt01645 Corinth Ave
ReturnHeader/Filer/USAddress/CityNm0Los Angeles
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090025
ReturnHeader/ReturnTs02020-05-14T11:13:35-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.41$0.03$0.39$0.47$0.53$0.06
2023Detailed filing. Detailed filing data is available for this year.$0.49$0.05$0.45$1.32$1.25$0.07
2022Detailed filing. Detailed filing data is available for this year.$0.61$0.23$0.38$1.28$1.27$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.50$0.13$0.37$0.94$0.94$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.51$0.13$0.38$0.98$0.92$0.06
2019Detailed filing. Detailed filing data is available for this year.$0.40$0.09$0.32$0.98$1.03$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.46$0.09$0.36$1.05$1.01$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.34$0.03$0.32$0.81$0.75$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.30$0.03$0.26$0.80$0.73$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.32$0.13$0.19$0.90$0.81$0.09
2014Summary only. Only limited summary data is available for this year.$0.11$0.01$0.10$0.77$0.70$0.07
2013Summary only. Only limited summary data is available for this year.$0.10$0.06$0.04$0.82$0.84$0.02
2012Summary only. Only limited summary data is available for this year.$0.13$0.07$0.17$0.15$0.02
2011Summary only. Only limited summary data is available for this year.$0.03$0.00$0.09$0.10$0.01