Nonprofit · EIN 34-1805510
THE NORTHEAST OHIO HISPANIC CENTER FOR ECONOMIC DEVELOPMENT
Also known as THE HISPANIC BUSINESS CENTER
Tax-exempt · CLEVELAND, OH 44109
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,950,164 | $2,019,341 | $930,823 | $8,207,692 | $3,151,992 | $5,055,700 |
| June 30, 2024 | 990 | $4,911,989 | $1,069,706 | $3,842,283 | $9,499,197 | $3,179,885 | $6,319,312 |
| June 30, 2023 | 990 | $2,005,357 | $815,474 | $1,189,883 | $3,020,731 | $543,702 | $2,477,029 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,446,365
- Program service revenue
- $485,047
- Investment income
- $0
- Other revenue
- $18,752
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $150,000
- Other salaries and wages
- $514,608
- Salaries, compensation and benefits (total)
- $784,097
- Professional fundraising fees
- $0
- Legal fees
- $20,257
- Accounting fees
- $34,915
- Occupancy
- $38,808
- Travel
- $26,659
- Depreciation
- $1,381
- Program services (functional)
- $1,829,159
- Management and general (functional)
- $150,308
- Fundraising (functional)
- $39,874
Balance sheet and other
- Total assets, start of year
- $9,499,197
- Total assets, end of year
- $8,207,692
- Total liabilities, end of year
- $3,151,992
- Net assets, end of year
- $5,055,700
- Land, buildings and equipment
- $9,613
- Net assets without donor restrictions
- $4,255,700
- Net assets with donor restrictions
- $800,000
- Gross receipts
- $2,950,164
- Employees
- 10
- Volunteers
- 20
- Year formed
- 1996
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JENICE CONTRERAS | PRESIDENT/CE Officer | 40 | $150,000 |
| IVAN BERKEL | TRUSTEE Trustee or director | 1 | $0 |
| MARIBEL HOFMANN | CHAIR Trustee or director, Officer | 1 | $0 |
| DR NICHOLAS MAYS | TRUSTEE Trustee or director | 1 | $0 |
| DIANA MELLER | TRUSTEE Trustee or director | 1 | $0 |
| CARLOS OSEGUERA | TRUSTEE Trustee or director | 1 | $0 |
| MARGARET SANCHEZ | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| JOHN SLAVIK | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JENICE CONTRERAS | PRESIDENT/CE Officer | 40 | $218,000 |
| IVAN BERKEL | TRUSTEE Trustee or director | 1 | $0 |
| RAQUEL PACHECO | TREASURER Trustee or director, Officer | 1 | $0 |
| HARRY QUINONES | TRUSTEE Trustee or director | 1 | $0 |
| EZEQUIEL RODRIGUEZ | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| GUADALUPE SANCHEZ | TRUSTEE Trustee or director | 1 | $0 |
| MARGARET SANCHEZ | TRUSTEE Trustee or director | 1 | $0 |
| CARMEN SCOTT | CHAIR Trustee or director, Officer | 1 | $0 |
| JOHN SLAVIK | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JENICE CONTRERAS | PRESIDENT/CE Officer | 40 | $114,656 |
| IRWIN F CARABALLO | TREASURER Trustee or director, Officer | 1 | $0 |
| EZEQUIEL RODRIGUEZ | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| CARMEN VERHOSEK | CHAIR Trustee or director, Officer | 1 | $0 |
| IVAN BERKEL | TRUSTEE Institutional trustee | 1 | $0 |
| HELENA PAGAN | TRUSTEE Institutional trustee | 1 | $0 |
| MARGARET SANCHEZ | TRUSTEE Institutional trustee | 1 | $0 |
| JOHN SLAVIK | TRUSTEE Institutional trustee | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2511 CLARK AVE, CLEVELAND, OH 44109-1110
- In care of
- % JENICE CONTRERAS
- Principal officer (990 for 2024)
- JENICE CONTRERAS, 3511 CLARK AVENUE, CLEVELAND, OH 44109
- Signed the 990
- JENICE CONTRERAS, PRESIDENT/CEO
- Phone
- (216) 281-4422
- Website
- HBCENTER.ORG
- Return prepared by
- NEITZEL LUKE & SALOPEK INC
Mission
TO PROMOTE HISPANIC BUSINESS IN THE CLEVELAND AREA THROUGH ECONOMIC DEVELOPMENT, STRATEGIC PARTNERSHIPS, TECHNICAL ASSISTANCE, BUSINESS EDUCATIONAL TRAINING, AND ADVOCACY.
Program accomplishments
- LATINO SMALL BUSINESS DEVELOPMENT CENTER - TO STRENGTHEN AND STABILIZE COMMERCIAL DISTRICTS WITHIN THE CITY OF CLEVELAND AND PROVIDE TECHNICAL ASSISTANCE TO START-UP AND EXISTING HISPANIC BUSINESSES.Expenses $1,829,159
- LATINO SMALL BUSINESS DEVELOPMENT CENTER CARES ACT - COVID 19 SUPPORT.
- TIENDITAS INCUBATOR - AN INTIATIVE TO START, BUILD AND GROW AND INCUBUTE HYPER-LOCAL, RESIDENT-OWNED BUSINESSES IN THE HEART OF THE CLARK-FULTON NEIGHBORHOOD.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 34-1805510
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1996
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $8,207,692
- Income (IRS master file)
- $2,950,164
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,950,164 | $2,019,341 | $8,207,692 | IRS |
| 990 | June 2024 | $4,911,989 | $1,069,706 | $9,499,197 | XML |
| 990 | June 2023 | $2,005,357 | $815,474 | $3,020,731 | XML |
| 990 | June 2022 | $1,657,200 | $1,265,238 | $1,787,562 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 34-1805510).
Questions about THE NORTHEAST OHIO HISPANIC CENTER FOR ECONOMIC DEVELOPMENT
- What is the EIN of THE NORTHEAST OHIO HISPANIC CENTER FOR ECONOMIC DEVELOPMENT?
- The employer identification number (EIN) of THE NORTHEAST OHIO HISPANIC CENTER FOR ECONOMIC DEVELOPMENT is 34-1805510.
- Is THE NORTHEAST OHIO HISPANIC CENTER FOR ECONOMIC DEVELOPMENT tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to THE NORTHEAST OHIO HISPANIC CENTER FOR ECONOMIC DEVELOPMENT tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE NORTHEAST OHIO HISPANIC CENTER FOR ECONOMIC DEVELOPMENT file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE NORTHEAST OHIO HISPANIC CENTER FOR ECONOMIC DEVELOPMENT due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE NORTHEAST OHIO HISPANIC CENTER FOR ECONOMIC DEVELOPMENT last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of THE NORTHEAST OHIO HISPANIC CENTER FOR ECONOMIC DEVELOPMENT?
- The 990 for the year ended June 30, 2025 names JENICE CONTRERAS.
- Who are the officers and directors of THE NORTHEAST OHIO HISPANIC CENTER FOR ECONOMIC DEVELOPMENT?
- The 990 for the year ended June 30, 2025 lists 8 people; 1 received compensation from the organization, the highest $150,000 (JENICE CONTRERAS, PRESIDENT/CE).
- How much revenue does THE NORTHEAST OHIO HISPANIC CENTER FOR ECONOMIC DEVELOPMENT have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,950,164, expenses of $2,019,341 and total assets of $8,207,692 at year end.
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