Civic Intelligence

Latino Resource Organization Inc.

990 • Fiscal year 2023 • EIN 95-3655201

Jul 01, 2022 to Jun 30, 2023 • Filed on Apr 15, 2024

1645 Corinth Ave 112Los Angeles, CA 90025

(310) 578-6069

Siviq Scores

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

Liabilities / Assets

55th percentile

0.09x

Higher debt load relative to assets than 55% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

37th percentile

0.03x

Higher debt load relative to revenue than 37% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

52nd percentile

5.0%

Higher net margin than 52% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

75th percentile

$120,000

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 9.1% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

8th percentile

-19%

Faster asset growth than 8% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

44th percentile

3.3%

Faster revenue growth than 44% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$494,992

Down $114,202 (-19%) from 2022

Net Assets

Up

$449,603

Up $66,418 (+17%) from 2022

Liabilities

Down

$45,389

Down $180,620 (-80%) from 2022

Revenue

Up

$1,320,587

Up $42,527 (+3.3%) from 2022

Expenses

Down

$1,254,169

Down $13,087 (-1.0%) from 2022

Net Income

Up

$66,418

Up $55,614 (+515%) from 2022

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

2023

Assets$494,992
Liabilities$45,389
Net Assets$449,603

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

2023

Revenue$1,320,587
Expenses$1,254,169
Net Income$66,418
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Apr 15, 2024
Return Version
2022v5.0
Gross Receipts
$1,320,587
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$281,799$401,517▲ $119,718
Cash and Non-Interest-Bearing Accounts$299,870$76,087▼ $223,783
Land, Buildings, and Equipment, Net$19,625$11,765▼ $7,860
Prepaid Expenses and Deferred Charges$7,900$5,623▼ $2,277
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$609,194$494,992▼ $114,202
Other Assets Total-$0-
Liabilities
Other Liabilities$77,364$24,331▼ $53,033
Accounts Payable and Accrued Expenses$148,645$21,058▼ $127,587
Total Liabilities$226,009$45,389▼ $180,620
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$383,185$449,603▲ $66,418
Total Net Assets Fund Balance$383,185$449,603▲ $66,418
Total Liabilities and Net Assets / Fund Balance$609,194$494,992▼ $114,202

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$11,765$35,285$47,050
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Joseph SotoExecutive DirectorFT$120,000$120,000
Revenue and Support

Revenue Composition

Contributions and Grants
$1,320,587
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,320,587
Change in Net Assets
$66,418

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,320,587
Total Revenue per Audited Statements
$1,320,587
Total Revenue per Form 990
$1,320,587
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$706,039
Other Expenses$548,130
Total Fundraising Expense$21,861
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$480,565$20,234$5,059$505,858
Current Officers, Directors, Trustees, and Key Employees$102,000$12,000$6,000$120,000
Occupancy$72,000--$72,000
Payroll Taxes$51,516$2,169$542$54,227
All Other Expenses$27,234$425-$27,659
Other Employee Benefits$24,656$1,038$260$25,954
Fees for Services Accounting-$21,000-$21,000
Fees for Services Other-$4,558$10,000$14,558
Insurance$12,352--$12,352
Other Expenses$10,619--$10,619
Depreciation Depletion$7,860--$7,860
Office Expenses$185--$185
Total Functional Expenses$1,170,884$61,424$21,861$1,254,169

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,254,169
Total Expenses per Audited Statements$1,254,169
Total Expenses per Form 990$1,254,169
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Vacation$22,286
Credit Card Opus$1,170
CalSavers$873
Rounding$2
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

No review was or will be conducted.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Latino Resource Organization
EIN
95-3655201
Address
1645 Corinth Ave 112, Los Angeles, CA 90025

Signing Officer

Name
Joseph Soto
Title
Executive Director
Signed
2024-04-15

Organization Details

Principal Officer
Joseph Soto
Formed
1983
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
6
Employees
23
Volunteers
6
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CalSavers
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Credit Card Opus
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Rounding
IRS990ScheduleD/RevenueSubtotalAmt01320587
IRS990ScheduleD/TotalBookValueLandBuildingsAmt011765
IRS990ScheduleD/TotalExpensesPerForm990Amt01254169
IRS990ScheduleD/TotalLiabilityAmt024331
IRS990ScheduleD/TotalRevenuePerForm990Amt01320587
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01320587
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01254169
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0609194
IRS990/TotalAssetsEOYAmt0494992
IRS990/TotalAssetsGrp/BOYAmt0609194
IRS990/TotalAssetsGrp/EOYAmt0494992
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01320587
IRS990/TotalEmployeeCnt023
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt021861
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt061424
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01170884
IRS990/TotalFunctionalExpensesGrp/TotalAmt01254169
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0226009
IRS990/TotalLiabilitiesEOYAmt045389
IRS990/TotalLiabilitiesGrp/BOYAmt0226009
IRS990/TotalLiabilitiesGrp/EOYAmt045389
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0383185
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0449603
IRS990/TotalProgramServiceExpensesAmt01170884
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt0120000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01320587
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0609194
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0494992
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
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/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Joseph Soto
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Dir.
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-04-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Latino Resource Organization
ReturnHeader/Filer/BusinessNameControlTxt0LATI
ReturnHeader/Filer/EIN0953655201
ReturnHeader/Filer/USAddress/AddressLine1Txt01645 Corinth Ave 112
ReturnHeader/Filer/USAddress/CityNm0Los Angeles
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090025
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/ReturnTs02024-04-15T12:34:26-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Joseph
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Soto
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

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