CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.
Any time an Analysts' Note refers to a charity's Audited Financial Statements or IRS tax form, CharityWatch encourages interested donors to obtain a copy of the referenced documents so that they may view the information in context. Please contact the charity directly to request a copy of any referenced document. Charity tax forms and audits may also be obtained from a number of online databases. For a list of sources, please visit our LINKS page.
|According to the LatinoJustice PRLDEF audit of June 30, 2017 (Note 9, Concentration of Credit Risk):|
"For the years ended June 30, 2017 and 2016, one institutional donor accounted for approximately 39% and 37%, respectively, of total contributions and 19% and 20%, respectively, of total support and revenue."
|According to the LatinoJustice PRLDEF audit of June 30, 2017 (Note 6, Property Held-for-Sale):|
"During the year ended June 30, 2017, the Board of Directors of the Organization decided to sell the condominium units that they own and use as their operating facilities in New York City and move their operations to a different location...
"On June 21, 2017, the Organization entered into a contract to sell the units for $10,400,000, subject to approval by the New York State Office of the Attorney General ('Attorney General'). The Attorney General's approval was received on November 18, 2017, and the closing occurred on December 20, 2017. In order to assist the Organization in its search for new operating space, the purchaser agreed to lease back the units to the Organization for $1.00 per month for a period not to exceed nine months from the closing date. At the Organization's option, the lease can be extended on a month-to-month basis for up to an additional three months."
|According to the LatinoJustice PRLDEF audit of June 30, 2017 (Note 13, Collective Bargaining Agreement):|
"The Organization negotiated a collective bargaining agreement with the LatinoJustice PRLDEF Staff Association, NOLSW, Local 2320, UAW, AFL-CIO, covering certain of its professional employees, which expires on June 30, 2018."