FORJANDO UN NUEVO COMIENZO CORP

GUAYNABO, PR, 00970-7886 (787) 731-5480 Est. 2000 EIN 66-0592098

P20— Human Services Form 990 501(c)(3)

Mission

Forjando un Nuevo Comienzo, Corp.'s main mission is to improve the quality of life of people with social or economic constraints and or disadvantages. The most significant activities are: employment opportunities; motivational, leadership and self-improvement skills workshops; homework assistance; and cultural, educational and recreational activities.

Financials

Total Revenue

$1,482,040

Total Expenses

$1,412,679

Net Assets

$605,668

108 employees 108 volunteers

From latest filing (tax period ending 2024-09-30)

Financial Health

Operating Reserve

5.1 months Adequate

Net assets / monthly expenses

Year-over-Year Change

Revenue ↑ 18.4%

Expenses ↑ 50.8%

Revenue Sources

Contributions 83.6% Other 16.0%

Expense Breakdown

Program 80.2% Management 19.8%

Officers & Key Employees (10)

We treat individual compensation with extra care. Named amounts are on Grow plans.

Grants Received (7)

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Filing History (5 filings)

Year	Revenue	Expenses	Net Assets
2023 Form 990 Oct 1, 2023 to Sep 30, 2024	$1,482,040 ↑	$1,412,679	$605,668
2022 Form 990 Oct 1, 2022 to Sep 30, 2023	$1,251,448 ↑	$936,640	$536,307
2021 Form 990 Oct 1, 2021 to Sep 30, 2022	$947,186 ↑	$865,025	$221,499
2020 Form 990 Oct 1, 2020 to Sep 30, 2021	$794,851 ↑	$705,272	$133,138
2019 Form 990 Oct 1, 2019 to Sep 30, 2020	$453,626	$687,112	$-52,958