Charity Review

Issued: May 2018 Expires: May 2020

Mi Casa Resource Center

Standards Not Met
 
(303) 573-1302 345 S Grove St, Denver CO 80219-2827 www.MiCasaResourceCenter.org
  1. Conclusions
  2. Purpose
  3. Programs
  4. Governance & Staff
  5. Fund Raising
  6. Tax Status
  7. Financial
  8. BBB Comment
Conclusions

Mi Casa Resource Center does not meet the following 1 Standards for Charity Accountability.

Standard 16: Annual Report - Have an annual report available to all, on request, that includes: (a) the organization's mission statement, (b) a summary of the past year's program service accomplishments, (c) a roster of the officers and members of the board of directors, (d) financial information that includes (i) total income in the past fiscal year, (ii) expenses in the same program, fund raising and administrative categories as in the financial statements, and (iii) ending net assets.

Mi Casa Resource Center does not meet this standard because:

The charity's most recent annual report to the public did not include a roster of the officers and members of the charity's Board of Directors or the charity's total end-of-year net assets for the most recent fiscal year.

In addition, BBB requested, but did not receive, complete information on the organization and is unable to verify the organization's compliance with the following Standard(s) for Charity Accountability: #3 #7 #14 #15

Purpose

To advance the economic success of families with limited opportunities, as an organization grounded in our Latino heritage.

Incorporated: 1979 in CO

Programs

Mi Casa provides training for families beginning with programs for youth that inspire academic success, leadership, and career exploration. The organization offers a variety of academic and enrichment programs for youth and families that support academic achievement and positive social and emotional development. The Mi Casa Neighborhood Centers offer after-school, evening, and summer programs for middle and high school youth at its Lake Middle and North High School campuses. Mi Casa’s Career Next Step program is a two-week foundational skill program that supports individuals looking for a new career path or wanting to improve their digital literacy and professionalism. Additionally, the organization offers career development programs with intensive, short-term training to prepare workers for careers in growth industries, specifically customer and financial services. According to the organization, in 2016, Mi Casa served 955 youth in after-school and summer programs and provided one-on-one career coaching to 187 participants.

Mi Casa works to advance the economic success of Latino and working families by expanding opportunities for educational, professional and entrepreneurial advancement. The Mi Casa Women’s Business Center offers entrepreneurial training, individual business counseling, technology training, and networking opportunities to help aspiring entrepreneurs and emerging businesses achieve their goals. Business counseling services are available to help entrepreneurs and existing business owners refine and implement business plans, overcome challenges, and understand and manage business finances. In partnership with the Colorado Hispanic Bar Association, Mi Casa hosts Business Legal Nights to offer free legal consults for small businesses owned by women, minorities, and low to moderate income entrepreneurs. Entrepreneurial training programs are available to help aspiring entrepreneurs, emerging businesses, and more advanced entrepreneurs access information and training needed to be successful. The Pro Bono Patent Program seeks to connect low-income inventors in Colorado, Montana, New Mexico, Utah, and Wyoming with patent practitioners for application preparation and prosecution legal services on a pro bono basis, as well as provide access to general business consulting, training, and other resources for bringing new ideas to market. According to the organization, in 2016, the Women’s Business Center provided training and one-on-one consulting to 540 business owners and Mi Casa graduates launched 55 new businesses.

Additionally, Mi Casa offers a free legal clinic every month, addressing family law, immigration, credit, housing, criminal, and employment issues, allowing participants the opportunity to receive free legal information from volunteer attorneys from the Colorado Hispanic Bar Association. Free tax preparation, financial coaching, English as a Second Language classes, and GED preparation classes are also available through Mi Casa’s local partnerships. According to the organization, in 2016, 469 students enrolled in Mi Casa’s ESL, GED, and computer literacy classes.

For the fiscal year-ended December 31, 2016, Mi Casa Resource Center’s program expenses were:
Youth & Family Development $747,785
Social Enterprise Ventures     $625,451
Career Development             $591,838
Business Development          $560,197
Integrated Services               $124,349
Fiscal Sponsors                     $1,001
Total Program Expenses        $2,650,631

Governance & Staff

Board Chair: Mr. David Espinosa Business Affiliation: Mortenson Construction

CEO: Ms. Monique L Lovato, CEO

Board Size: 12

Staff: 37

Fund Raising
Method(s) used: Invitations to Fundraising Events Print Advertisements (Newspapers, Magazines, etc.) Grant Proposals Internet Appeals Appeals via Social Media (Facebook, etc.)

% of Related Contributions on Fundraising: 7.99%

Tax Status

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

Financial

The following information is based on Mi Casa Resource Center's Consolidated Audited Financial Statements for the fiscal year ending Saturday, December 31, 2016.

Source of Funds
Foundations and trust $2,172,207
Government grants and contracts $871,660
Social Enterprise Ventures - fee income $633,643
Other contracts $136,172
Corporate donations $136,107
Contributions $126,625
United Way $100,000
Special events (less direct cost of $47,610) $42,701
Rental income $37,816
All other $119,221
In-kind contributions $158,191
Total Income: $4,534,343
 
Fusion Chart
 
Program Expenses: $2,650,631
Fundraising Expenses: $288,275
Administrative Expenses: $540,253
Total Expenses: $3,479,159
 
Income in Excess of Expenses: $1,055,184
 
Beginning Net Assets: $2,567,808
Ending Net Assets: $3,622,992
Total Liabilities: $2,015,249
Total Assets: $5,638,241

BBB Comment

Lake Campus Location: 
1820 Lowell Blvd.
Denver, CO 80204
(303) 571-1881


An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

Standards Legend

  • Meets Standards IconMeets Standards
  • Standards Not Met IconStandards Not Met
  • Did Not Disclose IconDid Not Disclose
  • Review in Progress IconReview in Progress
  • Unable to Verify IconUnable to Verify
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Standard 1: Board Oversight


Description:

Organizations shall have a board of directors that provides adequate oversight of the charity's operations and its staff. Indication of adequate oversight includes, but is not limited to, regularly scheduled appraisals of the CEO's performance, evidence of disbursement controls such as board approval of the budget, fund raising practices, establishment of a conflict of interest policy, and establishment of accounting procedures sufficient to safeguard charity finances.

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Standard 2: Board Size


Description:

Soliciting organizations shall have a board of directors with a minimum of five voting members.

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Standard 3: Board Meetings


Description:

An organization shall have a minimum of three evenly spaced meetings per year of the full governing body with a majority in attendance, with face-to-face participation. A conference call of the full board can substitute for one of the three meetings of the governing body. For all meetings, alternative modes of participation are acceptable for those with physical disabilities.

BBB requested, but did not receive, complete information on the Mi Casa Resource Center’s governance and oversight and is unable to verify the organization's compliance with this standard.
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Standard 4: Board Compensation


Description:

Not more than one or 10% (whichever is greater) directly or indirectly compensated person(s) serving as voting member(s) of the board. Compensated members shall not serve as the board's chair or treasurer.

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Standard 5: Conflict of Interest


Description:

No transaction(s) in which any board or staff members have material conflicting interests with the charity resulting from any relationship or business affiliation. Factors that will be considered when concluding whether or not a related party transaction constitutes a conflict of interest and if such a conflict is material, include, but are not limited to: any arm's length procedures established by the charity; the size of the transaction relative to like expenses of the charity; whether the interested party participated in the board vote on the transaction; if competitive bids were sought and whether the transaction is one-time, recurring or ongoing.

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Standard 6: Effectiveness Policy


Description:

Have a board policy of assessing, no less than every two years, the organization's performance and effectiveness and of determining future actions required to achieve its mission.

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Standard 7: Effectiveness Report


Description:

Submit to the organization's governing body, for its approval, a written report that outlines the results of the aforementioned performance and effectiveness assessment and recommendations for future actions.

BBB requested, but did not receive, complete information on the Mi Casa Resource Center’s governance and oversight and is unable to verify the organization's compliance with this standard.
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Standard 8: Program Expenses


Description:

Spend at least 65% of its total expenses on program activities.

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Standard 9: Fund Raising Expenses


Description:

Spending should be no more than 35% of related contributions on fund raising. Related contributions include donations, legacies, and other gifts received as a result of fund raising efforts.

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Standard 10: Accumulating Funds


Description:

Avoid accumulating funds that could be used for current program activities. To meet this standard, the charity's unrestricted net assets available for use should not be more than three times the size of the past year's expenses or three times the size of the current year's budget, whichever is higher.

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Standard 11: Audit Report


Description:

Make available to all, on request, complete annual financial statements prepared in accordance with generally accepted accounting principles. When total annual gross income exceeds $500,000, these statements should be audited in accordance with generally accepted auditing standards. For charities whose annual gross income is less than $500,000, a review by a certified public accountant is sufficient to meet this standard. For charities whose annual gross income is less than $250,000, an internally produced, complete financial statement is sufficient to meet this standard.

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Standard 12: Detailed Expense Breakdown


Description:

Include in the financial statements a breakdown of expenses (e.g., salaries, travel, postage, etc.) that shows what portion of these expenses was allocated to program, fund raising, and administrative activities. If the charity has more than one major program category, the schedule should provide a breakdown for each category.

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Standard 13: Accurate Expense Reporting


Description:

Accurately report the charity's expenses, including any joint cost allocations, in its financial statements. For example, audited or unaudited statements which inaccurately claim zero fund raising expenses or otherwise understate the amount a charity spends on fund raising, and/or overstate the amount it spends on programs will not meet this standard.

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Standard 14: Budget Plan


Description:

Have a board-approved annual budget for its current fiscal year, outlining projected expenses for major program activities, fund raising, and administration.

BBB requested, but did not receive, complete information on the Mi Casa Resource Center’s finances and is unable to verify the organization's compliance with this standard.
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Standard 15: Truthful Materials


Description:

Have solicitations and informational materials, distributed by any means, that are accurate, truthful and not misleading, both in whole and in part. Appeals that omit a clear description of program(s) for which contributions are sought will not meet this standard. A charity should also be able to substantiate that the timing and nature of its expenditures are in accordance with what is stated, expressed, or implied in the charity's solicitations.

BBB requested, but did not receive, complete information on the Mi Casa Resource Center’s solicitation materials and is unable to verify the organization's compliance with this standard.
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Standard 16: Annual Report


Description:

Have an annual report available to all, on request, that includes: (a) the organization's mission statement, (b) a summary of the past year's program service accomplishments, (c) a roster of the officers and members of the board of directors, (d) financial information that includes (i) total income in the past fiscal year, (ii) expenses in the same program, fund raising and administrative categories as in the financial statements, and (iii) ending net assets.

Mi Casa Resource Center does not meet meet this standard because:

The charity's most recent annual report to the public did not include a roster of the officers and members of the charity's Board of Directors or the charity's total end-of-year net assets for the most recent fiscal year.

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Standard 17: Website Disclosures


Description:

Include on any charity websites that solicit contributions, the same information that is recommended for annual reports, as well as the mailing address of the charity and electronic access to its most recent IRS Form 990.

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Standard 18: Donor Privacy


Description:

Address privacy concerns of donors by (a) providing in written appeals, at least annually, a means (e.g., such as a check off box) for both new and continuing donors to inform the charity if they do not want their name and address shared outside the organization, (b) providing a clear, prominent and easily accessible privacy policy on any of its websites that tells visitors (i) what information, if any, is being collected about them by the charity and how this information will be used, (ii) how to contact the charity to review personal information collected and request corrections, (iii) how to inform the charity (e.g., a check off box) that the visitor does not wish his/her personal information to be shared outside the organization, and (iv) what security measures the charity has in place to protect personal information.

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Standard 19: Cause Marketing Disclosures


Description:

Clearly disclose how the charity benefits from the sale of products or services (i.e., cause-related marketing) that state or imply that a charity will benefit from a consumer sale or transaction. Such promotions should disclose, at the point of solicitation: (a) the actual or anticipated portion of the purchase price that will benefit the charity (e.g., 5 cents will be contributed to abc charity for every xyz company product sold), (b) the duration of the campaign (e.g., the month of October), (c) any maximum or guaranteed minimum contribution amount (e.g., up to a maximum of $200,000).

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Standard 20: Complaints


Description:

Respond promptly to and act on complaints brought to its attention by the BBB Wise Giving Alliance and/or local Better Business Bureaus about fund raising practices, privacy policy violations and/or other issues.