Centro Hispano Daniel Torres INC

Tax-deductible

Reading, PA501(c)(3)Since 1972Human ServicesEIN 23-2041081

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To support and enhance the acculturation of the latino population in the greater reading area through collaborative initiatives designed to enable individuals to improve their quality of life and the quality of life in their communities.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Run by 9 volunteers and 48 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $320K a year · 11% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$166K
to officers and key staff · 5% of spending
Top officer’s pay higher than 80% of similar orgs
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $276K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.4M
52% of total assets
Fine: liabilities are 52% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.3M
-15% vs prior year
Spent
$3.6M
To programs
91%
Net assets
$2.2M
By yearFY2020–FY2024
Revenue
$3.3M
FY2024▼ -15%
Revenue by fiscal year
FY2020$1.9M
FY2021$3.0M
FY2022$3.1M
FY2023$3.2M
FY2024$3.9M
FY2024$3.3M
Expenses
$3.6M
FY2024▲ +6%
Expenses by fiscal year
FY2020$2.1M
FY2021$2.5M
FY2022$2.7M
FY2023$2.9M
FY2024$3.4M
FY2024$3.6M
Net assets
$2.2M
FY2024▼ -10%
Net assets by fiscal year
FY2020$730K
FY2021$1.2M
FY2022$1.6M
FY2023$2.0M
FY2024$2.5M
FY2024$2.2M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1978.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $3.2M Management & general 7% · $250K Fundraising 2% · $79K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990; $166K paid to officers and key staff.

Part VII, Section A · reportable compensation
$166,476Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Michael Toledo’s $166K as CEO is at the 80th percentile of top reported officer pay among 3868 $1–10M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Michael Toledo$166,476$169,953$145,422$139,399$135,649$118,539
Richard Olmos—$83,570$102,787———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Centro Hispano Daniel Torres INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps Latino residents adapt and thrive in the Reading area.

Provided by the organization

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2 program services account for $3.2M of program spending, described in the organization's own filed words · FY2024.
01

Family and Wellness Services

Information and referral advocacy programsafety net program providing direct services and referrals to community social service agencies for members of our community. Through our information and referral advocacy program, community members gain increased access to essential services.

$3.0Mprogram expense
02

Education Services

The center has an endowment managed through berks county community foundation that offers scholarships for latino students in berks county who are pursuing post-secondary EDUCATION.SEE additional information on schedule O.OPENING doors parental engagement initiativethe mission of abriendo PUERTAS/OPENING doors is to honor and support…

$222Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$276K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$3.3M
Ln 12
Gifts and grantsLn 1h$1.8M
Fees for servicesLn 2g$1.4M
Investment incomeLn 3$48K
Money outPt IX
$3.6M
Ln 25
Programscol B$3.2M
Managementcol C$250K
Fundraisingcol D$79K
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$4.7M
LiabilitiesLn 26$2.4M
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.8M
Government grantsLn 1e$1.4M
Fundraising eventsLn 1c$146K
Fees for servicesLn 2g$1.4M
Investment incomeLn 3$48K
Other incomeLn 4–11$10K
Gains on assetsLn 7$16K
Total revenueLn 12$3.3M
Assets in detailPt X, end of year
CashLn 1$297K
SavingsLn 2$862K
Cash and savings togetherLn 1–2$1.2M
Land, buildings, equipmentLn 10c$1.1M
Other assetsLn 15$1.8M
Total assetsLn 16$4.7M
LiabilitiesLn 26$2.4M
Net assetsLn 32$2.2M
OperationsPt I, VI
EmployeesI 548
VolunteersI 69
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.4M$1.2M
Land, buildings, equipmentLn 10c$1.3M$1.1M
Total assetsLn 16$5.0M$4.7M
LiabilitiesLn 26$2.6M$2.4M
Net assetsLn 32$2.5M$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$166K$120K$30K$17K
Other salaries and wagesLn 7$1.1M$1.1M$45K$44K
Other employee benefitsLn 9$122K$115K$7K
Payroll taxesLn 10$112K$101K$6K$5K
Accounting feesLn 11c$30K$11K$19K$252
Other fees for servicesLn 11g$40K$15K$25K$342
Advertising and promotionLn 12$15K$2K$10K$3K
Office expensesLn 13$35K$21K$13K$701
OccupancyLn 16$221K$192K$22K$8K
TravelLn 17$12K$10K$2K
Depreciation, depletion and amortizationLn 22$178K$127K$51K
InsuranceLn 23$30K$28K$1K$325
Other expenses (24a–d)Ln 24$1.4M$1.4M$14K$555
All other expensesLn 24e$17K$12K$5K$163
Total functional expensesLn 25$3.6M$3.2M$250K$79K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $3.9M$3.4M$517K$2.5M 990 PDF
FY2023 $3.2M$2.9M$337K$2.0M 990 PDF
FY2022 $3.1M$2.7M$402K$1.6M 990 PDF
FY2021 $3.0M$2.5M$489K$1.2M 990 PDF
FY2020 $1.9M$2.1M−$146K$730K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $3,318,144 across 11 lines filed
VIII-1a Federated campaigns$293,445
VIII-1c Fundraising events$145,555
VIII-1e Government grants$1,351,746
VIII-1f All other contributions, gifts and grants$46,192
VIII-1h Total contributions, gifts and grants$1,836,938
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,423,306$1,423,306
VIII-3 Investment incomeExcluded from tax $32,305$32,305
VIII-7 Net gain or loss on sales of assetsExcluded from tax $15,885$15,885
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $9,710$9,710
VIII-12 Total revenueRelated to mission $1,433,016 · Unrelated business $0 · Excluded from tax $48,190$3,318,144
Part IX · Statement of functional expenses $3,567,804 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $119,863 · Management $29,966 · Fundraising $16,647$166,476
IX-7 Other salaries and wagesPrograms $1,061,277 · Management $44,693 · Fundraising $43,702$1,149,672
IX-9 Other employee benefitsPrograms $115,058 · Management $6,944$122,002
IX-10 Payroll taxesPrograms $101,296 · Management $5,980 · Fundraising $4,994$112,270
IX-11c Accounting feesPrograms $10,679 · Management $18,788 · Fundraising $252$29,719
IX-11g Other fees for servicesPrograms $14,669 · Management $24,862 · Fundraising $342$39,873
IX-12 Advertising and promotionPrograms $2,327 · Management $9,816 · Fundraising $3,258$15,401
IX-13 Office expensesPrograms $21,454 · Management $12,637 · Fundraising $701$34,792
IX-16 OccupancyPrograms $191,682 · Management $22,061 · Fundraising $7,709$221,452
IX-17 TravelPrograms $9,680 · Management $2,336$12,016
IX-22 Depreciation, depletion and amortizationPrograms $126,557 · Management $51,255$177,812
IX-23 InsurancePrograms $28,166 · Management $1,232 · Fundraising $325$29,723
IX-24 Other expenses (24a–d)Programs $1,424,500 · Management $14,359 · Fundraising $555$1,439,414
IX-24e All other expensesPrograms $12,014 · Management $5,005 · Fundraising $163$17,182
IX-25 Total functional expensesPrograms $3,239,222 · Management $249,934 · Fundraising $78,648$3,567,804
Part X · Balance sheet $4,652,103 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $536,635$297,493
X-2 Savings and temporary cash investmentsStart of year $839,366$861,981
X-3 Pledges and grants receivableStart of year $237,720$276,134
X-4 Accounts receivableStart of year $122,353$224,799
X-9 Prepaid expenses and deferred chargesStart of year $5,580$12,764
X-10c Land, buildings and equipment, netStart of year $1,292,737$1,138,408
X-15 Other assetsStart of year $1,991,959$1,840,524
X-16 Total assetsStart of year $5,026,350$4,652,103
X-17 Accounts payable and accrued expensesStart of year $144,365$232,444
X-19 Deferred revenueStart of year $395,906$320,477
X-25 Other liabilitiesStart of year $2,011,282$1,874,045
X-26 Total liabilitiesStart of year $2,551,553$2,426,966
X-27 Net assets without donor restrictionsStart of year $2,456,696$2,207,136
X-28 Net assets with donor restrictionsStart of year $18,101$18,001
X-32 Total net assets or fund balancesStart of year $2,474,797$2,225,137
X-33 Total liabilities and net assetsStart of year $5,026,350$4,652,103
Part XI · Reconciliation of net assets $2,225,137 net assets at year end
XI-1 Total revenue$3,318,144
XI-2 Total expenses$3,567,804
XI-3 Revenue less expenses−$249,660
XI-4 Net assets at start of year$2,474,797
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,225,137

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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