Annual Report: A Deep Dive Into Our Success

Net Assets Increased Significantly in the Past Year

Our Net Assets increased by $4,154,257 during the fiscal year. This increase is a positive reflection of our continued growth and strong financial performance.

Accounts and other payables totaled $3,402,543. This represents the money we owe to others for goods and services received. We strive to maintain healthy relationships with our vendors and ensure timely payments.

The Board of Directors

The dedicated individuals who guide our organization are:

Alejandro E. Roca
Lula Rodriguez
Marisol Rodriguez
Raquel A. Rodriguez

Understanding Net Assets

Net assets represent the difference between an organization’s assets (what it owns) and its liabilities (what it owes). A positive change in net assets is generally considered a positive sign, indicating that the organization’s financial position has improved. In our case, the increase in net assets reflects our successful operations and prudent management of resources.

Key factors contributing to the positive change in our net assets include:

Strong revenue generation: Our core programs and services continue to attract new clients and generate revenue, driving growth in our financial position.
Effective cost management: We prioritize efficiency and effectiveness in our operations, ensuring that we maximize the use of our resources.
Strategic investments: We invest wisely in projects and initiatives that support our mission and enhance our long-term sustainability.

Transparency and accountability

We are committed to providing transparent and accurate financial information. You can find a detailed breakdown of our financial performance in our annual report, which is available on our website. We encourage you to review the report and learn more about our financial health and our commitment to responsible stewardship.