Centro Hispano Daniel Torres INC FY2021 filing

Tax-deductible

Reading, PA501(c)(3)Since 1972Human ServicesEIN 23-2041081Revenue $3.0M in FY2021

On file with the IRScentrohispano.org201 Penn St Ste 101, 19601-4039 · Reading, PATax-exempt since Jun 1978Publicly supported charity — 170(b)(1)(A)(vi)

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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.
96¢ of each $1 spent went to programs.
$136K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $225K a year · 7% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$136K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.6 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
$209K
15% of total assets
Looks good: liabilities are 15% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.0M
+59% vs prior year
Spent
$2.5M
To programs
96%
Net assets
$1.2M
By yearFY2020–FY2025
Revenue
$3.0M
FY2021▲ +59%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.9M
FY2021$3.0M
FY2022$3.1M
FY2023$3.2M
FY2024$3.9M
FY2025$3.3M
Expenses
$2.5M
FY2021▲ +24%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.1M
FY2021$2.5M
FY2022$2.7M
FY2023$2.9M
FY2024$3.4M
FY2025$3.6M
Net assets
$1.2M
FY2021▲ +67%
Tap a bar for its year
Net assets by fiscal year
FY2020$730K
FY2021$1.2M
FY2022$1.6M
FY2023$2.0M
FY2024$2.5M
FY2025$2.2M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1978.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $2.4M Management & general 3% · $83K Fundraising 0% · $11K

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

11 people listed on the 990; $136K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$135,649Pt VII · Sec A
- Thru July 2021
$0Pt VII · Sec A
Secretary - Thru July '21/Vice Chair Eff. July '21
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Member/Secretary - Effective July 2021
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Member
$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

NameFY2025FY2024FY2023FY2022FY2021FY2020
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.

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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.

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Provided by the organization

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2 programs · $2.4M · in their own filed words · FY2020
01

Family and wellness servicesinformation and referral advocacy program: safety net program providing direct referrals to social service agencies that provide assistance with completing applications, advocacy, TRANSLATION/INTERPRETATION, and crisis intervention services.

$2.4Mprogram expense
02

Education Serviceseducation Initiative and Scholarship Program

This program, which is a collaboration between the hispanic center and the five area colleges (kutztown university, penn state berks, alvernia university, albright college, and the reading area community college), provides culturally and linguistically appropriate services for parents and students who seek guidance and support in…

$44Kprogram expense

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 FY2021 990, line by line.

1The main four
Money inPt VIII
$3.0M
Ln 12
Gifts and grantsLn 1h$1.9M
Fees for servicesLn 2g$1.2M
Other incomeLn 4–11$8K
Money outPt IX
$2.5M
Ln 25
Programscol B$2.4M
Managementcol C$83K
Fundraisingcol D$11K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$981K
Total assetsLn 16$1.4M
LiabilitiesLn 26$209K
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.9M
Government grantsLn 1e$1.4M
Fees for servicesLn 2g$1.2M
Investment incomeLn 3$41
Other incomeLn 4–11$8K
Total revenueLn 12$3.0M
Assets in detailPt X, end of year
CashLn 1$908K
SavingsLn 2$72K
Cash and savings togetherLn 1–2$981K
Land, buildings, equipmentLn 10c$173K
Other assetsLn 15$2K
Total assetsLn 16$1.4M
LiabilitiesLn 26$209K
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 548
VolunteersI 69
Fiscal year endsHeaderJune
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 FY21End FY21
Cash and savingsLn 1–2$555K$981K
Land, buildings, equipmentLn 10c$218K$173K
Total assetsLn 16$1.0M$1.4M
LiabilitiesLn 26$305K$209K
Net assetsLn 32$730K$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$137K$85K$49K$3K
Other salaries and wagesLn 7$898K$891K$7K
Other employee benefitsLn 9$67K$66K$1K
Payroll taxesLn 10$80K$76K$4K$208
Legal feesLn 11b$638$588$50
Accounting feesLn 11c$69K$66K$2K
Other fees for servicesLn 11g$2K$2K$36
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$34K$24K$8K$1K
OccupancyLn 16$157K$157K$385
TravelLn 17$15K$15K
Conferences, conventions and meetingsLn 19$3K$3K
Depreciation, depletion and amortizationLn 22$60K$59K$397
InsuranceLn 23$18K$18K$338
Other expenses (24a–d)Ln 24$993K$985K$7K$22
All other expensesLn 24e$7K$7K
Total functional expensesLn 25$2.5M$2.4M$83K$11K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $3.3M$3.6M−$250K$2.2M 990 PDF
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 Viewing $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 FY2021 990 (6 parts)
Part I · Summary $3,031,040 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,416,830$1,870,399
I-9 Program service revenuePrior year $490,286$1,152,344
I-10 Investment incomePrior year $3,223$41
I-11 Other revenuePrior year −$393$8,256
I-12 Total revenuePrior year $1,909,946$3,031,040
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,079,716$1,182,464
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $975,934$1,359,499
I-18 Total expensesPrior year $2,055,650$2,541,963
I-19 Revenue less expensesPrior year −$145,704$489,077
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,031,040 across 8 lines filed
VIII-1a Federated campaigns$274,580
VIII-1e Government grants$1,413,634
VIII-1f All other contributions, gifts and grants$182,185
VIII-1h Total contributions, gifts and grants$1,870,399
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,152,344$1,152,344
VIII-3 Investment incomeExcluded from tax $41$41
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $8,256$8,256
VIII-12 Total revenueRelated to mission $1,160,600 · Unrelated business $0 · Excluded from tax $41$3,031,040
Part IX · Statement of functional expenses $2,541,963 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $84,659 · Management $49,198 · Fundraising $2,804$136,661
IX-7 Other salaries and wagesPrograms $891,321 · Management $7,098$898,419
IX-9 Other employee benefitsPrograms $65,907 · Management $1,310$67,217
IX-10 Payroll taxesPrograms $75,694 · Management $4,265 · Fundraising $208$80,167
IX-11b Legal feesPrograms $588 · Management $50$638
IX-11c Accounting feesPrograms $66,066 · Management $2,470$68,536
IX-11g Other fees for servicesPrograms $2,184 · Management $36$2,220
IX-12 Advertising and promotionManagement $1,589$1,589
IX-13 Office expensesPrograms $24,411 · Management $8,157 · Fundraising $1,408$33,976
IX-16 OccupancyPrograms $156,889 · Management $385$157,274
IX-17 TravelPrograms $14,679$14,679
IX-19 Conferences, conventions and meetingsPrograms $3,494$3,494
IX-22 Depreciation, depletion and amortizationPrograms $59,352 · Management $397$59,749
IX-23 InsurancePrograms $17,651 · Management $338$17,989
IX-24 Other expenses (24a–d)Programs $985,494 · Management $7,314 · Fundraising $22$992,830
IX-24e All other expensesFundraising $6,525$6,525
IX-25 Total functional expensesPrograms $2,448,389 · Management $82,607 · Fundraising $10,967$2,541,963
Part X · Balance sheet $1,428,639 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $315,701$908,351
X-2 Savings and temporary cash investmentsStart of year $239,747$72,408
X-3 Pledges and grants receivableStart of year $242,688$265,786
X-9 Prepaid expenses and deferred chargesStart of year $17,269$6,853
X-10c Land, buildings and equipment, netStart of year $217,888$173,241
X-15 Other assetsStart of year $2,000$2,000
X-16 Total assetsStart of year $1,035,293$1,428,639
X-17 Accounts payable and accrued expensesStart of year $105,643$149,446
X-19 Deferred revenueStart of year $16,579$60,000
X-26 Total liabilitiesStart of year $305,177$209,446
X-27 Net assets without donor restrictionsStart of year $697,701$1,181,445
X-28 Net assets with donor restrictionsStart of year $32,415$37,748
X-32 Total net assets or fund balancesStart of year $730,116$1,219,193
X-33 Total liabilities and net assetsStart of year $1,035,293$1,428,639
Part XI · Reconciliation of net assets $1,219,193 net assets at year end
XI-1 Total revenue$3,031,040
XI-2 Total expenses$2,541,963
XI-3 Revenue less expenses$489,077
XI-4 Net assets at start of year$730,116
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,219,193

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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