Proyecto Faro INC EIN 85-3910001 Form 990 (PDF) Claim this org

Proyecto Faro INC

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Organizes support for immigrants' needs, fostering solidarity and a community free from fear. For fiscal year 2024 it reported $367K in revenue, $397K in expenses, and $107K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Stony Point, NY
Website
proyectofarorockland.org
Filings
4 on file (2021–2024)
Revenue
$367KFY2024
Expenses
$397K
Net assets
$107K
People
10
Filings
4
Updates
0
More identity details & actions ⌄
EIN  85-3910001 Public charity (501(c)(3)) Stony Point, NY
Form 990 (PDF)
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Size
$100K–1M
What they do
Organizes support for immigrants' needs, fostering solidarity and a community free from fear.
Leadership
Dilcia Suazo · Co-Exec Dire · $62K
Money in and out
$367K revenue, $397K expenses
Bottom line
74% program efficiency
Where the money goes · FY2024
Total revenue
$367K
Pt VIII · Ln 12
Total expenses
$397K
Pt IX · Ln 25
Net assets
$107K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$30K
Where spending went · Part IX cols B–D
Program services $0.74 Management & general $0.18 Fundraising $0.09
Program efficiency
74%
of spending reaches programs▼ -5% vs prior filing year
Operating runway
2.6mo
months of highly liquid reserves at operating expense rate▼ -49% vs prior filing year
Surplus margin
-8%
revenue over expenses, this year▼ -66% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$367K
FY2024▲ +26%
Expenses
$397K
FY2024▲ +30%
Total assets
$107K
FY2024▼ -22%
Total liabilities
$0
FY2024▼ -100%
Total revenue
$367K
Pt VIII · Ln 12
Total expenses
$397K
Pt IX · Ln 25
Net assets
$107K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$30K
Total assetsPt X · Ln 16$107K
Program-expense ratioPt IX · col B74%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

3 program services account for $272K of program spending, described in the organization's own filed words · FY2024.
01

Legal empowerment clinic -- we provide free legal services and education to rockland county immigrants in-person and virtually. We support immigrants to fill out applications and prepare for pro se cases so they can represent themselves in immigration court.

$222Kprogram expense
02

Outreach & Engagement

This program provides supportive consultation, coaching, and community for individuals in rockland county who, because of their immigration status, are not able to access critical safety nets like unemployment insurance or rent relief in precarious times.

$33Kprogram expense
03

Every Child Counts

Every child counts program responds to needs and develops leadership among immigrant students and parents who, because of racism and classism, have little power in school decisions. We facilitate a stakeholders alliance, provide training for grassroots leaders, and work in coalition to make tangible improvements in school conditions.

$18Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CProyecto Faro INC
EINHdr · item D85-3910001
Principal addressHdr · item CStony Point, NY
WebsiteHdr · item Jproyectofarorockland.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFMay 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Co-Exec Dire
$62,500Pt VII · Sec A
Co-Exec Dire
$57,017Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Dilcia Suazo’s $62K as Co-Exec Dire is at the 52nd percentile of top reported officer pay among 2165 $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 · 4 named individuals · Part VII

NameFY2024FY2021
Dilcia Suazo$62,500
Elizabeth Roberts$57,017
Rosario Urena$41,400
Maria Marasigan$13,500

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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Statement of Revenue

Part VIII
Contributions & grants$329K · 90%
Other revenue$38K · 10%
Contributions & grants90%$329K
Other revenue10%$38K
— government grantsLn 1e$12K
Total revenueLn 12$367K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.74 Management & general $0.18 Fundraising $0.09
Program services74%$293K
Management & general18%$70K
Fundraising9%$35K
Total functional expensesLn 25$397K

Balance Sheet

Part X · end of year
CashLn 1$85K
Total assetsLn 16$107K
Total liabilitiesLn 26$0
Total net assetsLn 32$107K
Months of cash on handcomputed2.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $85K · Operating expenses/yr $397K
2.6 months
Where the money goes
Program services
Program services $293K · Total expenses $397K
74%
Management & General
Management & general $70K · Total expenses $397K
18%
Fundraising
Fundraising $35K · Total expenses $397K
9%
Cost to raise $1
Fundraising expense (3-yr avg) $27K · Solicited contributions (3-yr avg) $226K
$0.12 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $329K · Total revenue $367K
90%
Government reliance
Government grants $12K · Total revenue $367K
3%
Earned-income share
Program service revenue $0 · Total revenue $367K
0%
Investment reliance
Investment income $0 · Total revenue $367K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $397K
0%
Growth & trend
Revenue growth (YoY)
This year $367K · Prior year $291K
+26%
Net-asset trend (YoY)
End of year $107K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $367K · Expenses $397K
-8%
Liabilities-to-Assets
Total liabilities — · Total assets $107K
Net-asset ratio
Net assets $107K · Total assets $107K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $107K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Dilcia Suazo · Reported title CO-EXEC DIRE · Highest reported compensation $62K · Total expenses $397K
16%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $345K · Total expenses $397K
87%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 74%
Overhead ratio 18%
Fundraising cost ratio 11%
Revenue growth 26%
Accounting fee ratio 0.6%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$335K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$367K revenue · viewing · ⤓ 990 PDF
FY2023$291K revenue · ⤓ 990 PDF
FY2022$386K revenue · ⤓ 990 PDF
FY2021$247K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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