Totals
- Total revenue
- $907,464
- Total expenses
- $723,100
- Contributions and grants received
- $818,164
- Grants paid
- $15,000
- Program service revenue
- $89,300
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $1,439,030
- Total liabilities, end of year
- $1,278,693
- Net assets or fund balances, end of year
- $160,337
- Program services expenses (Part IX)
- $536,153
- Management and general expenses
- $186,947
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $536,153
Program services were 74.1% 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.
-
1f · All other contributions, gifts and grants
$818,164
-
2a · Program service revenue: Program/Operating Reve
total $89,300 · related or exempt $89,300
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $15,000 · program services $15,000
-
5 · Compensation of officers, directors and key employees
total $108,120 · program services $81,090 · management and general $27,030
-
7 · Other salaries and wages
total $159,244 · program services $119,432 · management and general $39,812
-
9 · Other employee benefits
total $29,688 · program services $22,266 · management and general $7,422
-
10 · Payroll taxes
total $19,873 · program services $14,905 · management and general $4,968
-
11b · Fees: legal
total $5,930 · program services $4,254 · management and general $1,676
-
11c · Fees: accounting
total $18,441 · program services $13,228 · management and general $5,213
-
11g · Fees: other
total $226,137 · program services $162,207 · management and general $63,930
-
12 · Advertising and promotion
total $23,622 · program services $17,717 · management and general $5,905
-
13 · Office expenses
total $9,328 · program services $4,445 · management and general $4,883
-
14 · Information technology
total $5,405 · program services $4,054 · management and general $1,351
-
16 · Occupancy
total $27,685 · program services $20,764 · management and general $6,921
-
17 · Travel
total $40,664 · program services $30,498 · management and general $10,166
-
20 · Interest
total $5,645 · program services $5,645
-
22 · Depreciation, depletion and amortization
total $1,150 · program services $863 · management and general $287
-
23 · Insurance
total $7,253 · program services $5,440 · management and general $1,813
-
24a · Other expenses: Dues & Subscriptions
total $11,202 · program services $8,402 · management and general $2,800
-
24b · Other expenses: Repairs & Maintenance
total $7,924 · program services $5,943 · management and general $1,981
-
24c · Other expenses: Miscellaneous
total $789 · management and general $789
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $367,204 · end of year $704,922
-
3 · Pledges and grants receivable
beginning of year $121,855 · end of year $153,041
-
4 · Accounts receivable
beginning of year $2,889
-
9 · Prepaid expenses and deferred charges
beginning of year $8,102 · end of year $5,482
-
10a · Land, buildings and equipment: cost or other basis
$5,748
-
10b · Land, buildings and equipment: accumulated depreciation
$4,119
-
10c · Land, buildings and equipment, net
beginning of year $2,778 · end of year $1,629
-
15 · Other assets
beginning of year $268,474 · end of year $573,956
-
17 · Accounts payable and accrued expenses
beginning of year $231,788 · end of year $212,668
-
19 · Deferred revenue
end of year $76,186
-
25 · Other liabilities
beginning of year $563,541 · end of year $989,839
-
27 · Net assets without donor restrictions
beginning of year -$24,027 · end of year $81,484
-
28 · Net assets with donor restrictions
end of year $78,853
Mission and programs · 2024
Mission
To provide immigrant and other historically disadvantaged individuals with capital, capacity, connections, and conviction to leverage entrepreneurship for economic and social advancement.
-
We connect micro-businesses to the financial resources and capital they need in order to achieve financial wealth and resiliency. We provide customized and culturally relevant Individual Technical Assistance to set up our clients for entrepreneurial success. We provide Group Trainings to complement our Individual Technical Assistance and support our clients' financial well-being.1. Over 289 clients were served with Business consulting, technical assistance and connecting with resources and professionals from various industries: legal, marketing, construction, communications, accounting and city business managers2. Closed 35 loans totaling $535,600 Average loan size $15,400
Expenses $536,153 · Grants $15,000 · Revenue $89,300
As filed on the 2024 return.
Listed in Part VII
-
Silvia Lucci
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Elhadji Ndiaye
Director
- Total calculated
- $0
- Hours/week
- 1
-
Peter Gonzales
Director
- Total calculated
- $0
- Hours/week
- 1
-
Heather Hanowitz
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Sylvia Garcia-Garcia
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Luis Mora-Rechnitz
Director
- Total calculated
- $0
- Hours/week
- 1
-
Rosa Montijo
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kersy Azocar
President and CEO
- Total calculated
- $108,120
- From this org
- $108,120
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
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
- 14 May 2026
- IRS schema version
- 2024v5.5
- Source object
- 202601349349309185
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.