Exito INC FY2021 filing

Tax-deductible

Phoenix, AZ501(c)(3)Human ServicesEIN 56-2514122Revenue $320K in FY2021

On file with the IRS3877 N 7th St Ste 400, 85014-0000 · Phoenix, AZTax-exempt since Jan 2006Publicly supported charity — 170(b)(1)(A)(vi)

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Providing social services for, and promoting the behavioral health and well being (cont'd on sch o) of families and individuals in the hispanic community.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
$24K 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
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 3
filings with a surplus
Average deficit $538K a year · 193% of revenue · last 3 filings
Concern: a surplus in 0 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$24K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
14 mo
of spending, in cash
Looks good: 14.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.1M
52% of total assets
Fine: liabilities are 52% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$320K
-15% vs prior year
Spent
$407K
To programs
92%
Net assets
$3.0M
By yearFY2020–FY2022
Revenue
$320K
FY2021▼ -15%
Tap a bar for its year
Revenue by fiscal year
FY2020$377K
FY2021$320K
FY2022$141K
Expenses
$407K
FY2021-0.5%
Tap a bar for its year
Expenses by fiscal year
FY2020$409K
FY2021$407K
FY2022$1.6M
Net assets
$3.0M
FY2021▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.0M
FY2021$3.0M
FY2022$1.5M

From the FY2021 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2022) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022. IRS ruling in Jan 2006.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $374K Management & general 8% · $33K

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

8 people listed on the 990; $24K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Dir.
$18,000Pt VII · Sec A
Asset Manager
$6,000Pt VII · Sec A
Secretary
$0Pt VII · Sec A
President/Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A

Trilese Dileo’s $18K as Executive Dir. is at the 9th percentile of top reported officer pay among 2168 $100K–1M 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

NameFY2021FY2020
Trilese Dileo$18,000$18,000
Carlos Emmermann$6,000$6,000

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 Exito 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

Offers social services and promotes behavioral health for Hispanic families and individuals.

Provided by the organization

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2 programs · $374K · in their own filed words · FY2021
01

Commercial rental program

$265Kprogram expense
02

Neighborhood stabilization program

$109Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$320K
Ln 12
Fees for servicesLn 2g$320K
Investment incomeLn 3$31
Money outPt IX
$407K
Ln 25
Programscol B$374K
Managementcol C$33K
Owns and owesPt X
$3.0M
net assets · Ln 32
Cash and savingsLn 1–2$490K
Total assetsLn 16$6.1M
LiabilitiesLn 26$3.1M
PeoplePt VI, VII
8
listed · VII A
PaidVII A2
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$320K
Investment incomeLn 3$31
Total revenueLn 12$320K
Assets in detailPt X, end of year
CashLn 1$179K
SavingsLn 2$311K
Cash and savings togetherLn 1–2$490K
Land, buildings, equipmentLn 10c$5.6M
Total assetsLn 16$6.1M
LiabilitiesLn 26$3.1M
Net assetsLn 32$3.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
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 FY21End FY21
Cash and savingsLn 1–2$485K$490K
Land, buildings, equipmentLn 10c$5.7M$5.6M
Total assetsLn 16$6.3M$6.1M
LiabilitiesLn 26$3.2M$3.1M
Net assetsLn 32$3.0M$3.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$24K$19K$5K
Management feesLn 11a$10K$10K
Legal feesLn 11b$248$248
Accounting feesLn 11c$28K$28K
Other fees for servicesLn 11g$2K$2K
InterestLn 20$104K$104K
Depreciation, depletion and amortizationLn 22$189K$189K
InsuranceLn 23$11K$11K
Other expenses (24a–d)Ln 24$39K$39K
Total functional expensesLn 25$407K$374K$33K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $141K$1.6M−$1.5M$1.5M 990 PDF
FY2021 Viewing $320K$407K−$87K$3.0M 990 PDF
FY2020 $377K$409K−$32K$3.0M 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 $320,409 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $55,968$0
I-9 Program service revenuePrior year $320,668$320,378
I-10 Investment incomePrior year $0$31
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $376,636$320,409
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 $24,000$24,000
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $385,109$383,129
I-18 Total expensesPrior year $409,109$407,129
I-19 Revenue less expensesPrior year −$32,473−$86,720
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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 $320,409 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $320,378$320,378
VIII-3 Investment incomeExcluded from tax $31$31
VIII-12 Total revenueRelated to mission $320,378 · Unrelated business $0 · Excluded from tax $31$320,409
Part IX · Statement of functional expenses $407,129 across 9 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $19,000 · Management $5,000$24,000
IX-11a Management feesPrograms $9,720$9,720
IX-11b Legal feesPrograms $248$248
IX-11c Accounting feesManagement $28,401$28,401
IX-11g Other fees for servicesPrograms $2,000$2,000
IX-20 InterestPrograms $103,514$103,514
IX-22 Depreciation, depletion and amortizationPrograms $189,170$189,170
IX-23 InsurancePrograms $11,219$11,219
IX-24 Other expenses (24a–d)Programs $38,857$38,857
IX-25 Total functional expensesPrograms $373,728 · Management $33,401 · Fundraising $0$407,129
Part X · Balance sheet $6,106,180 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $173,858$178,617
X-2 Savings and temporary cash investmentsStart of year $310,895$310,926
X-4 Accounts receivableStart of year $27,961$33,416
X-9 Prepaid expenses and deferred chargesStart of year $2,891$5,187
X-10c Land, buildings and equipment, netStart of year $5,742,792$5,578,034
X-16 Total assetsStart of year $6,258,397$6,106,180
X-17 Accounts payable and accrued expensesStart of year $22,417$8,537
X-20 Tax-exempt bond liabilitiesStart of year $2,477,461$2,374,788
X-25 Other liabilitiesStart of year $709,573$760,629
X-26 Total liabilitiesStart of year $3,215,018$3,149,521
X-27 Net assets without donor restrictionsStart of year $3,043,379−$431,339
X-28 Net assets with donor restrictions$3,387,998
X-32 Total net assets or fund balancesStart of year $3,043,379$2,956,659
X-33 Total liabilities and net assetsStart of year $6,258,397$6,106,180
Part XI · Reconciliation of net assets $2,956,659 net assets at year end
XI-1 Total revenue$320,409
XI-2 Total expenses$407,129
XI-3 Revenue less expenses−$86,720
XI-4 Net assets at start of year$3,043,379
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,956,659

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

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