Form 990 for tax year 2024
Filed by PITTSBURGH HISPANIC DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $1,034,855
- Total expenses
- $1,077,917
- Contributions and grants received
- $947,553
- Grants paid
- $0
- Program service revenue
- $86,936
- Investment income
- $366
- Other revenue
- $0
- Total assets, end of year
- $811,141
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $811,141
- Program services expenses (Part IX)
- $978,896
- Management and general expenses
- $53,554
- Fundraising expenses
- $45,467
- Program service expenses (Part III)
- $978,896
Program services were 90.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$57,046
-
1e · Government grants (contributions)
$407,869
-
1f · All other contributions, gifts and grants
$482,638
-
2a · Program service revenue: Incubator Services
total $86,936
-
3 · Investment income
total $366
-
8a · Fundraising events: contributions included on line 1c
$57,046
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $91,676 · program services $91,676
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $173,583 · program services $157,998 · management and general $9,168 · fundraising $6,417
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $12,923 · program services $11,862 · management and general $624 · fundraising $437
-
10 · Payroll taxes
total $21,329 · program services $20,137 · management and general $701 · fundraising $491
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $1,402 · management and general $1,402
-
11c · Fees: accounting
total $22,555 · management and general $22,555
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $543,395 · program services $505,273 · fundraising $38,122
-
12 · Advertising and promotion
total $54,518 · program services $54,518
-
13 · Office expenses
total $81,022 · program services $81,022
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $27,646 · program services $27,646
-
17 · Travel
total $9,501 · program services $9,501
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $4,714 · program services $4,714
-
23 · Insurance
total $10,819 · management and general $10,819
-
24a · Other expenses: Sponsorships Licensing
total $427 · program services $427
-
24b · Other expenses: Training
total $9,424 · program services $1,139 · management and general $8,285
-
24c · Other expenses: Consulting
total $9,892 · program services $9,892
-
24d · Other expenses: Membership Dues
total $1,726 · program services $1,726
-
24e · All other expenses
total $1,365 · program services $1,365
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $842,765 · end of year $796,854
-
10a · Land, buildings and equipment: cost or other basis
$577,321
-
10b · Land, buildings and equipment: accumulated depreciation
$563,034
-
10c · Land, buildings and equipment, net
beginning of year $13,138 · end of year $14,287
-
25 · Other liabilities
beginning of year $1,700
-
29 · Capital stock, trust principal or current funds
beginning of year $854,203 · end of year $811,141
Mission and programs · 2024
Mission
Program to increase hispanic business presence and workforce in the Pittsburgh metropolitan area.
-
Expenses incurred to promote Hispanic business development and increase in Hispanic workforce in the general area. Revenue is for extremely discounted fees charged to hispanic business owners for specific services offered to help them grow their businesses.
Expenses $978,896 · Grants $407,869 · Revenue $86,936
As filed on the 2024 return.
Listed in Part VII
-
Guillermo Velazquez
Executive Director
- Total calculated
- $97,676
- From this org
- $91,676
- From related orgs
- $0
- Other
- $6,000
- Hours/week
- 40 + 40 related
-
Dr Oralia Dominic
Chairman
- Total calculated
- $0
- Hours/week
- 8 + 8 related
-
John Paul Jones
President
- Total calculated
- $0
- Hours/week
- 8 + 8 related
-
Izach Porter
Treasurer
- Total calculated
- $0
- Hours/week
- 4 + 4 related
-
Carlos Diaz
Secretary
- Total calculated
- $0
- Hours/week
- 4 + 4 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 12 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523179349303167
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