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RUIIBO A NUEST~NIYERSARIO

PO Box 7313 Ponce PR 00732-7313

787-842-0000 www.csifpr.org

"El futuro se abre a nosotros con la luz de la esperanza". - Sister lsolina Ferré, M.S.B.T.

13 de febrero de 2018

Han. Thomas Rivera Schatz

Presidente del Senado

Senado de Puerto Rico

PO BOX 9023431

San Juan, PR 00902-3431

RE: RESULTADOS AÑO 2017

Honorable Presidente:

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Reciba un saludo cordial de todo el personal y participantes de los Centros Sor lsolina Ferré, lnc.

Durante el año 2017, los Centros Sor lsolina Ferré ofrecieron servicios en 24 municipios del área

sur, central y norte de Puerto Rico y en 24 residenciales públicos. Nuestros estudios

longitudinales señalan una tasa de efectividad de 94% en la prevención de deserción escolar,

criminalidad, embarazo de adolescentes y delincuencia juvenil. Los programas de los Centros

tienen un elemento de preparación académica y vocacional para la ubicación en empleo o la

autogestión, logrando la transición de nuestros participantes de la dependencia gubernamental

a la autosuficiencia económica.

Los Centros Sor lsolina Ferré pudieron servir durante el 2017 unos 47,719 participantes en

nuestros programas. El Complejo de Servicios Multidisciplinarios Tabaiba en Ponce tuvo la visita

y lo utilizaron 21,417 personas y el Complejo de Caimito unos 27,595 para un total de 96,731

participantes durante el año 2017.

El siguiente detalle describe el número de participantes en servicio directo en nuestros

programas por categoría de servicios ofrecidos durante el 2017.

Hon. Thomas Rivera Schatz Página 2 13 de febrero de 2018

Servicios Solución problemas comunitarios Servicios de Consejería, Orientación y Trabajo Social Prevención deserción Escolar Fortalecimiento Familiar/paternidad responsable Terapia física y del habla Convivencias psicosociales y desarrollo emocional Prevención embarazo en adolescentes Capacitación para el empleo Educación Vocacional _ Servicios de educación física, salud y deportes Experiencia de verano para niños y jóvenes Prevención delincuencia juvenil y criminalidad Educación secundaria Educación post secundaria Rehabilitación víctimas violencia, crimen, abuso Servicios a adultos mayores Graduados escuela superior Ubicación en empleo Graduados educación post secundaria Servicios salud en adicción/ubicación social Centro Educación Temprana Capacitación empresarios Educación Especial Total de Participantes programa

Complejo Multidisciplinario Tabaiba Complejo Multidisciplinario Caimito

Total Complejos Multidisciplinarios

Participantes por programas -·- ------------ - -----· ----·---····----··---· -· -- --------

Complejos Multidisciplinarios Gran total de participantes impactados

9,858 9,808 7,029 4,478 3,238 2,666 2,088 1,893 1,393 1,160 993 916 657 325 299 250 142 119 110 100 88 78 31

47,719

21,417 27,595

49,012

47,719 --- ---- --------- ----- --------- ·-

49,012

96,731

A base de nuestra tasa de efectividad y las estadísticas de nuestros programas hemos

preparado la siguiente tabla que señala los costos que se le evitan al gobierno o fondos

que reciben, al operar los programas que se financian con estos fondos legislativos

correspondientes a los datos de la población servida durante el año 2017.

Hon. Thomas Rivera Schatz Página 3 13 de febrero de 2018

Tabla Justificación Económica Programas Operados o Apoyados con Fondos Legislativos

Criminalidad 916 Encarcelamiento $40,000 $36,640,000 Deserción escolar 7,029 Educación desertores $10,000 70,290,000 Terapias físicas, 3,238 Costo terapias $1,300 4,209,400 habla Servicios salud en 100 Costo salud $1,250 125,000 adicción Ubicación empleo Servicios a adultos mayores Total

119 250

11,652

Contribución sobre ingresos $1,525 181,475 Costo salud $1,750 437,500

111,883,375 - ------·· ---· ·- . - - - -- ·- ·-~·-·-··-c··-·-. - ,_ ____________ - -----

Efectividad 94% $105, 170,372

Durante el año 2017 unos 11,652 participantes se impactaron directamente de los

programas auspiciados por la asignación legislativa. La efectividad de estos programas

permitió que el gobierno evitara gastos mediante la prevención de distintos males de

personas en alto riesgo o tuviera ingresos debido al pago de contribución sobre ingresos

para aquellos participantes ubicados en empleo ascendiente a $105,170,372. La

utilización de los fondos otorgados en el año 2017-2018, equivalentes a $2,150,000 tuvo

un efecto multiplicador de ahorros e ingresos al gobierno de 48.92 (ahorro/inversión). O

sea, por cada dólar invertido en los programas de los Centros Sor lsolina Ferré, el gobierno

tuvo un rendimiento anual de $48.92.

Recientemente el presupuesto para el año 2018-2019 fue presentado a la Oficina de

Gerencia y Presupuesto. Esperamos que esta información sea de utilidad para evaluar

nuestra propuesta de presupuesto para el año 2018-2019 de los fondos asignados bajo

asignación especial del Presupuesto General de Puerto Rico.

Atentamente,

Dr. osé Luis Díaz Cotto

Principal Oficial Ejecutivo

ms

HOJA DE TRÁMITE

Hon. Thomas Rivera Schatz Presidente del Senado El Capitolio P.O. Box 9023431

Fecha referido: 20 de febrero de 2018

Referido a: Sr. Manuel Torres Nieves. Secretario del Senado

De:

Asunto:

María Isabel Ortiz. Secretaria Ejecutiva. Chief of Staff

1) Se adjunta Certificación Núm. 12 de la Junta del Sistema de Retiro de la Universidad

de Puerto Rico.(5009) 2) Se adjunta Certificación Núm. 13 de la Junta del Sistema de

Retiro de la Universidad de Puerto Rico. 3) Informe y Resultados del Centro Sor lsolina

Ferré. lnc. 4) Notificación de la Oficina del Contralor sobre Auditoría a Instituto de

Ciencias Forenses de Puerto Rico ( 5010) 5) Informe de Autoría CP-18-09 a la Autoridad

para el Financiamiento de la Vivienda de Puerto Rico. (5024)

X Para su conocimiento

X Para acción correspondiente

___ Para trabajar y contestar directamente

Autorizado ---

OBSERVACIONES

Recibido por ______ _ Fecha _____ _ Hora _____ _

Informe Anual 2016-17

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sociales como opción innovadora para contribuir a la autosostenibilidad de los servicios, el Programa TANF como alterna�va a la dependencia de ayudas gubernamentales y Programa Faro de Esperanza, que brinda servicios preven�vos en 21 residenciales públicos.

En la parte administra�va, se encuentra el área de operaciones que coordina todos los aspectos administra�vos, además del área de desarrollo, recaudaciones y comunicaciones para trab�ar en conjunto con todos los aspectos importantes de la sostenibilidad de nuestra organización. El aspecto administra�vo se redondea con el área de espiritualidad, que a�ende todo lo relacionado a ese importante componente de nuestra cultura corpora�va y de servicio desde la fundación de los Centros hace 47 años por Sister Isolina Ferré, MSBT.

De esta forma, se man�ene vibrante y viva la misión del desarrollo pleno e integral del ser humano que habrá de trazar el camino que nos queda por delante en la nueva realidad de Puerto Rico, que requiere más que nunca de respuestas dinámicas y colabora�vas.

VisiónEl desarrollo integral del ser humano a plenitud, dentro de comunidades que se redescubren, se reeducan y se revitalizan, y así dar Gloria a Dios.

MisiónPromover el desarrollo integral de la persona con jus�cia, dignidad, respeto y amor, reconociendo que somos hijos de Dios y hermanos de los demás.

Servir una gama generacional con múl�ples necesidades sociales, educa�vas, económicas y espirituales.

U�lizar la intercesión, la capacitación educa�va y tecnológica y la autoges�ón comunitaria como estrategias ins�tucionales.

Más que un diploma, los 129 jóvenes que se graduaron de escuela superior en las escuelas alterna�vas de los Centros Sor Isolina Ferré en Ponce, Guayama y Caimito recibieron una nueva oportunidad para saberse capaces de �jarse metas, asumir retos y aportar a un Puerto Rico diferente.




Para cumplir e�cazmente con nuestra misión de promover el desarrollo pleno e integral del ser humano, los Centros Sor Isolina Ferré comenzaron un proceso de transformación para servir más ágil y efec�vamente a las poblaciones vulnerables.

Durante el año �scal 2016-17, la Junta de Directores de los CSIF trab�ó mano a mano con el equipo administra�vo en la creación de un modelo operacional que centra todos los recursos en la misión de promover el desarrollo integral de la persona con jus�cia, dignidad, respeto y amor, reconociendo que somos hijos de Dios y hermanos de los demás. Todos sus componentes giran precisamente en torno a esa misión: desde la Junta de Directores como organismo rector encargado de protegerla hasta las áreas de trab�o responsables de implantarla a través de programas y servicios que a�endan las necesidades de los más vulnerables.

El nuevo modelo, estructurado a par�r de la experiencia de casi cinco décadas, está fundamentado en áreas funcionales relacionadas con los servicios directos y con el andami�e operacional necesario para poder ofrecer los mismos.

Las áreas funcionales de servicios directos están directamente relacionadas con los pilares del modelo de intervención de los Centros, como educación, prevención y comunidad, con su componente de intercesoría. También incluye las empresas

Mens�e de Luis A. Ferré RangelPresidente de la Junta de Directores de los Centros Sor Isolina Ferré

Misión viva y vibrante

1




2

Luis A. Ferré Rangel, presidenteDr. Ramón Durán San�ni, vicepresidenteHumberto Laboy, CPA, tesoreroLcdo. Peter Léctora, secretarioDr. José Luis Díaz Co�o, principal o�cial ejecu�voSister Joaquina Carrión, MSBT, directora

Sister Lourdes T. Toro, MSBT, directoraMarie Estela Cestero, directoraLoren Ferré Rangel, directoraLize�e Or�z Cas�llo, directoraRvdo. Vicente Pasquale�o, directorÁngeles Rodríguez, directora

Junta de Directores 2016-17

Cuando un joven que asiste a nuestra escuela alterna�va en Ponce es reconocido como Estudiante Dis�nguido por la Asociación de Educación Privada de Puerto Rico, los Centros Sor Isolina Ferré se sitúan a la vanguardia entre las mejores escuelas superiores del país. Este reconocimiento no sólo valida el aspecto académico de nuestro modelo de educación alterna�va, sino que rea�rma nuestra �loso�a de que “todos tenemos fuerzas interiores que sólo permanecen ocultas hasta que encuentran la oportunidad de liberarse”, como decía nuestra fundadora Sister Isolina Ferré. Eso fue precisamente lo que le sucedió al joven estudiante Julián Castellar, de 16 años, productor y director del musical ‘Aventura congelada’, cuando llegó a los CSIF y recibió el apoyo que necesitaba para desarrollar sus talentos para el teatro.

La experiencia posi�va de Julián, que pronto se graduará de cuarto año, con�rma una vez más la diferencia que hace una educación integral, que incluye también el desarrollo personal y espiritual, en la vida de los 37,006 niños, jóvenes y adultos que atendimos durante el pasado año. Por eso, la educación es una de las áreas programá�cas que hemos comenzado a fortalecer aún más a través del nuevo modelo operacional a base de funciones que ponen a los Centros Sor Isolina Ferré en mejor posición para responder a los retos presentes y futuros, tanto internos como externos.

Mens�e de José Luis Díaz Co�oPrincipal o�cial ejecu�vo de los Centros Sor Isolina Ferré

Resumen Operacional

3

El joven Julián Castellar ha canalizado su interés por el teatro en nuestra escuela alterna�va de CSIF-Ponce.




4Comenzamos a ver los resultados posi�vos de esta reorganización a par�r de agosto de 2016 cuando agrupamos todos los programas de prevención en una sola área funcional. La restructuración permi�ó darles uniformidad a una amplia gama de servicios que se ofrecen en los diferentes centros. También hizo posible que todo el equipo de trab�o remara en una misma dirección para bene�cio de los par�cipantes. Para �nales del año �scal que concluyó el 30 de junio de 2017, prác�camente todas las área funcionales se encontraban en alguna etapa de implantación del nuevo marco conceptual.

Esas bases que fueron sentadas durante el año �scal 2016-17 fueron fundamentales para enfrentar los crecientes desa�os de la crisis �scal y económica que vive la isla. Si bien fue un año di�cil en el que tuvimos mucha presión por la falta de �ujo de efec�vo que requirió la implantación de recortes de jornadas y salarios adicionales y hasta la cesan�a de algunos puestos de trab�o, podemos decir que el balance fue posi�vo. Los auditores independientes cer��caron un Estado Financiero que rea�rma la solidez de nuestras operaciones, incluso en medio de los grandes retos que enfrentan el Tercer Sector, las empresas privadas y, sobre todo, los gobiernos federal y local, de donde provienen la mayoría de los fondos que subvencionan nuestros programas.

Ha quedado demostrado una vez más que tenemos que estar atentos y movernos ágilmente para que nuestra misión con�núe. Con el favor de Dios, los cambios seguirán siendo la constante que nos permi�rá ayudar a nuestras poblaciones más vulnerables a alcanzar la plenitud.

32¢Educación

26¢Prevención deserciónescolar criminalidad

18¢Servicios

comunitarios

15¢Administración y

cumplimiento

8¢Ubicación de empleoy microempresas

1¢Servicios poblaciónde adultos mayores

36,222personas servidas

295,594libras de alimentos

18,574galones de agua

Luego de la devastación dejada por el huracán María el 20 de sep�embre de 2017 y en medio de grandes retos operacionales, CSIF reenfocó de inmediato todos sus recursos para prestar ayuda en las comunidades desvent�adas servidas en la región sur y central, San Juan y Canóvanas a través de la inicia�va “Abrazo solidario con Puerto Rico”.

Abrazo solidario con Puerto Rico

5

6

6,527hogares visitados

138comunidades

70voluntarios

46pueblos

Desde nuestros Centros de Solidaridad Comunitaria en la Playa de Ponce y en Caimito, recibimos ayudas y dona�vos de diferentes en�dades e individuos locales y de Estados Unidos. Estas ayudas se distribuyeron casa por casa en comunidades donde ninguna otra ayuda había llegado, así como en ac�vidades especiales en alianza con otras organizaciones. Se entregaron: agua, comida, productos de primera necesidad y otros ar�culos como colchones para camas y estufas de gas.

Estados Financieros 2016-17

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CENTROS SOR ISOLINA FERRÉ, INC.(A Non Profit Corporation)

Financial Statements, Supplementary InformationAnd Independent Auditor’s Report

As of And For The Fiscal Years EndedJune 30, 2017 and 2016

ROMAN TORO & CO., PSCCertified Public Accountants

Honesty - Integrity - Experience

CENTROS SOR ISOLINA FERRE, INC.

(A Non Profit Corporation)

Financial Statements and Supplementary Information

Years Ended June 30, 2017 and 2016

TABLE OF CONTENTS

Description Page

Independent Auditor’s Report 1-2

Financial statements:Statements of Financial Position 3Statements of Activities 4-5Statements of Functional Expenses 6-7Statements of Cash Flows 8-9Notes to Financial Statements 10-21

Supplementary Information:Supplemental Schedules of Trinity College of Puerto Rico Fund

Schedule of Assets, Liabilities and Fund Balance 22Schedule of Revenues, Expenses, and Changes in Fund Balance 23Schedule of Composite Score 24

1

INDEPENDENT AUDITOR’S REPORT

To the Board of Directors ofCentros Sor Isolina Ferré, Inc.

We have audited the accompanying financial statements of Centros Sor Isolina Ferré, Inc., (a nonprofitorganization) (the Centers) which comprise the statements of financial position as of June 30, 2017 and2016, and the related statements of activities, functional expenses, and cash flows for the years thenended, and the related notes to the financial statements.

Management’s Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements inaccordance with accounting principles generally accepted in the United States of America; this includesthe design, implementation, and maintenance of internal control relevant to the preparation and fairpresentation of financial statements that are free from material misstatement, whether due to fraud orerror.

Auditor’s Responsibility

Our responsibility is to express an opinion on these financial statements based on our audit. Weconducted our audit in accordance with auditing standards generally accepted in the United States ofAmerica and the standards applicable to financial audits contained in Government Auditing Standards,issued by the Comptroller General of the United States. Those standards require that we plan and performthe audit to obtain reasonable assurance about whether the financial statements are free from materialmisstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures inthe financial statements. The procedures selected depend on the auditor’s judgment, including theassessment of the risks of material misstatement of the financial statements, whether due to fraud or error.In making those risk assessments, the auditor considers internal control relevant to the entity’s preparationand fair presentation of the financial statements in order to design audit procedures that are appropriate inthe circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’sinternal control. Accordingly, we express no such opinion. An audit also includes evaluating theappropriateness of accounting policies used and the reasonableness of significant accounting estimatesmade by management, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis forour audit opinion.

Members of:American Institute of Certified Public Accountants

and PR Society of Certified Public AccountantsJosé D. Román Toro, CPA, President Website: www.cparomantoropr.com

PO Box 3043Yauco PR 00698-3043Tel. (787) 856-6220Fax (800) 753-1253

ROMAN TORO & CO., PSCCertified Public Accountants

Honesty - Integrity - Experience

2

Opinion

In our opinion, the financial statements referred to above present fairly, in all material respects, thefinancial position of Centros Sor Isolina Ferré, Inc., as of June 30, 2017 and 2016, and the changes inits net assets and its cash flows for the years then ended in accordance with accounting principlesgenerally accepted in the United States of America.

Other Matters

Supplementary Information

Our audit was conducted for the purpose of forming an opinion on the basic financial statements. Thesupplemental schedules of Trinity College of Puerto Rico Fund is presented for purposes of additionalanalysis and is not a required part of the basic financial statements. Such information is theresponsibility of management and was derived from and relates directly to the underlying accounting andother records used to prepare the financial statements. The information has been subjected to the auditingprocedures applied in the audit of the basic financial statements and certain additional procedures,including comparing and reconciling such information directly to the underlying accounting and otherrecords used to prepare the financial statements or to the financial statements themselves, and otheradditional procedures in accordance with auditing standards generally accepted in the United States ofAmerica. In our opinion, the information is fairly stated in all material respects in relation to the basicfinancial statements as a whole.

Other Reporting Required by Government Auditing Standards

In accordance with Government Auditing Standards, we have also issued our report dated November 16,2017, on our consideration of Centros Sor Isolina Ferré, Inc.’s internal control over financial reportingand our tests of its compliance with certain provisions of laws, regulations, contracts, and grantagreements and other matters. The purpose of that report is to describe the scope of our testing of internalcontrol over financial reporting and compliance and the results of that testing, and not to provide anopinion on internal control over financial reporting or on compliance. That report is an integral part of anaudit performed in accordance with Government Auditing Standards in considering Centros Sor IsolinaFerré, Inc.’s internal control over financial reporting and compliance.

ROMAN TORO & CO., CPA, C.S.P.LICENSE #35 - IN FORCE

Yauco, Puerto RicoNovember 16, 2017

Stamp #E279561 was affixedto the original of this report

3

CENTROS SOR ISOLINA FERRE, INC.STATEMENTS OF FINANCIAL POSITIONJUNE 30, 2017 AND 2016

2017 2016ASSETS

Cash and cash equivalents $ 1,918,426 $ 2,399,090Investments in debt securities 1,242,118 1,247,991Receivable net:

Grants and contracts 1,783,266 1,512,986Educational revenues 253,911 282,063Others 288,519 34,733

Beneficial interest in perpetual trust 3,220,595 2,960,991Property, plant and equipment, net 14,656,822 14,726,122Other assets 59,443 40,713

$23,423,100 $23,204,689

LIABILITIESBank lines of credit $ 2,576,330 $ 2,862,127Accounts payable 676,767 581,578Accrued expenses and withholdings 368,030 517,635Unearned revenues 341,834 448,576Auto financing loans 92,632 113,397Note payable to bank 2,327,062 2,036,813

6,382,655 6,560,126

NET ASSETSUnrestricted 4,584,428 4,438,887Temporary restricted 9,235,422 9,244,685Permanently restricted 3,220,595 2,960,991

17,040,445 16,644,563$23,423,100 $23,204,689

The accompanying notes are integral part of these financial statements

4

CENTROS SOR ISOLINA FERRE, INC.STATEMENTS OF ACTIVITIESFOR THE YEARS ENDED JUNE 30, 2017 AND 2016

2017 2016

Unrestricted revenues, gains and other reportsTuition and fees $ 1,422,132 $ 1,742,826Contributions 1,933,397 2,015,729Benefits from trust 106,414 48,193Fund raising and activities 438,624 221,756Other revenues 269,973 249,198Net gain on investments 28,032 -Interests 94,426 60,046

Total unrestricted revenues and gains 4,292,998 4,337,749Net assets released from restrictions 10,505,156 11,004,673Total unrestricted revenues, gains and other support 14,798,154 15,342,422

Expenses and LossesProgram services

Prevention 3,866,845 3,231,837Education 4,515,117 4,373,604Human development 2,130,186 2,341,670Community development 876,592 1,166,060

Supporting servicesManagement and general 3,087,771 3,118,673Fund raising 176,102 150,042

Total expenses 14,652,613 14,381,886Net unrealized losses on investments - 3,438Loss on retirement of property - 5Contribution to perpetual trust - 50,000Total expenses and losses 14,652,613 14,435,329Increase in unrestricted assets 145,541 907,093

Continue

5

CENTROS SOR ISOLINA FERRE, INC.STATEMENTS OF ACTIVITIES (Continued)FOR THE YEARS ENDED JUNE 30, 2017 AND 2016

2017 2016

TEMPORARILY RESTRICTED NET ASSETSGrants and contracts from

Federal government 5,997,605 6,325,870State Legislative branch 2,280,000 2,197,924Other grantors 38,602 38,602United Way 173,902 186,967CAPA Program 2,005,784 1,768,125

Net assets released from restrictions (10,505,156) (11,004,673)Decrease in temporarily restricted net assets (9,263) (487,185)

PERMANENTLY RESTRICTED ASSETSContributions 100,000 170,247Net gain or loss on beneficial interest in perpetual trust 159,604 (33,371)Increase in permanently restricted assets 259,604 136,876

Increase in net assets 395,882 556,784

Net assets, beginning, before restatement 16,657,168 16,078,366Prior period adjustments, net (12,604) 22,018Net assets, beginning, as restated 16,644,564 16,100,384

Net assets, end of year $17,040,446 $16,657,168


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8

CENTROS SOR ISOLINA FERRE, INC.STATEMENTS OF CASH FLOWSFOR THE YEARS ENDED JUNE 30, 2017 AND 2016

2017 2016

CASH FLOWS FROM OPERATING ACTIVITIES:Cash received from contributors and grants $ 10,685,555 $ 12,580,519Cash received from service recipients 2,032,736 2,366,427Interest and benefits from trust 200,840 58,240Cash paid to employees and suppliers (12,310,140) (13,166,374)Interest paid (329,590) ( 341,708)

NET CASH PROVIDED BY OPERATINGACTIVITIES 279,401 1,497,104

CASH FLOWS FROM INVESTING ACTIVITIES:Invested in debt securities ( 66,095) ( 490,127)Paid for property, plant and equipment ( 654,662) ( 397,240)

NET CASH USED BY INVESTING ACTIVITIES ( 720,757) ( 887,367)

CASH FLOWS FROM FINANCING ACTIVITIES:Proceeds from notes payable to bank 450,000 -Payments of notes payable to bank ( 159,751) ( 114,750)Debt reduction in auto financing ( 43,760) ( 46,442)Net payments on lines of credit ( 285,797) ( 78,817)

NET CASH USED IN FINANCING ACTIVITIES ( 39,308) ( 240,009)

NET (DECREASE) INCREASE IN CASH (480,664) 369,728

CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 2,399,090 2,029,362

CASH AND CASH EQUIVALENTS, END OF YEAR $ 1,918,426 $ 2,399,090

Continue

9

CENTROS SOR ISOLINA FERRE, INC.STATEMENTS OF CASH FLOWS (Continued)FOR THE YEARS ENDED JUNE 30, 2017 AND 2016

2017 2016RECONCILIATION OF INCREASE IN NET CASH

PROVIDED BY OPERATING ACTIVITIES:

Increase in net assets $ 395,882 $ 556,782Adjustments to reconcile increase in net assets

to net cash provided by operating activitiesDepreciation 746,956 750,677Provision for uncollectible other receivables 19,404 33,123Unrealized (gains) losses on investments (28,032) 3,438Net (gains) losses on beneficial interest in perpetual trust (159,604) 33,371(Decrease) increase in receivables from grants and contracts (270,280) (122,946)Increase (decrease) in receivables from educational revenues 8,748 13,497Decrease (increase) in receivables from others (253,786) 59,266Decrease (increase) in other assets (18,730) 15,194Decrease in accounts payable 95,189 (124,289)Increase (decrease) in accrued expenses and withholdings (149,605) 232,230Increase (decrease) in unearned revenues (106,741) 46,761

Net cash provided by operating activities $ 279,401 $1,497,104

SUPPLEMENTAL DISCLOSURE ON NONCASHINVESTING AND FINANCING ACTIVITIES:

Auto financing loans $ 22,995 $ -


10

CENTROS SOR ISOLINA FERRE, INC.NOTES TO FINANCIAL STATEMENTS

1. DESCRIPTION OF ORGANIZATION AND ADVOCACY

Centros Sor Isolina Ferré, Inc. (The Centers) were founded in 1969 by Sister Isolina Ferré with agroup of civic and religious leaders who joined efforts to lead impoverished communities towardstheir full development.

Statement of purpose

Centros Sor Isolina Ferré is a non-profit organization that promotes full development of the humanbeing with justice, dignity, respect and love. The institution uses effective models of advocacy,capacitation, technology and self-management to have a positive impact in the lives of individualsand communities through preventive and corrective programs, as well as personal and communitydevelopment initiatives. CSIF offers solutions for socioeconomic problems such as school dropout,violence, unemployment and economic crisis.

The Centers provide services in the following programmatic areas: Education (alternative education,vocational education, post-secondary education, special education), Prevention (delinquency, schooldropout, unplanned pregnancy, substance abuse, and violence), Human Development (self-sufficiency, emergency assistance, elderly care, child care, and self-development), and CommunityDevelopment (family strengthening, community self-develop, and leaders development). TheCenters derives its revenues from donations from businesses and the public in general, grants fromfoundations, and State and Federal Governments through proposals.

Programs and operationsThe Centers’ services impact 19 municipalities in Puerto Rico and over 36,000 persons yearly, withmain facilities in La Playa de Ponce sector of Ponce, P.R., Barrio Caimito in San Juan, P.R., and inGuayama, P.R. The Centers’ main programs and services are:

a) Trinity College of Puerto Rico – Post-secondary community college that providesprofessional careers in education, business, health and information technology that effectivelyprepares students to enter the workforce.

b) CAPA (Psychosocial Alternative Academic Center) – An alternative school that allowsstudents to graduate from High School and develop the competence to enter the workforce.

c) TANF (Temporary Assistance for Needy Families) Program – Encourages and supportsneedy single parent families with basic education, vocational or occupational training,community service, work experience and job placement headed toward economic self-sufficiency and improving their quality of life.

d) Lighthouse of Hope (“Faro de Esperanza”) Program – Provides prevention services andsupport to the residents of 19 public housing projects owned by the Puerto Rico PublicHousing Administration, focusing in the areas of drug and criminal activity prevention,leadership motivation, and family counseling, aimed at improving the quality of life of suchresidents.

11

CENTROS SOR ISOLINA FERRE, INC.NOTES TO FINANCIAL STATEMENTS, Continued

1. DESCRIPTION OF ORGANIZATION AND ADVOCACY, Continued

Programs and operations, Continued

e) ABC Alternative Program – The ABC project designs, implements and evaluates theIndividualized Education Plan for the purpose of impacting the academic areas whereparticipants present difficulty. The program implements educational services and strategiesfor the development of basic skills. It aims to strengthen families so they can be better parentsand citizens. Strengthens social interaction skills, parenting, communication between parentsand the family to improve linkages for optimal family unit.

f) Oasis of Love Program – Social medical support service for elderly people. Development topromote a better quality of live in elderly people, suffering from a disease or physicalcondition that limits their ability to perform activities of daily living.

g) Sports Program – Within practical and effective alternatives that are part of the preventionprocess and methodology centers functional, sports is an excellent complement to education,revitalizing and strengthening those natural skills identified in our participants and thegeneral community. The Sports Program integrates these young talents in a multidisciplinaryprogram that promotes holistic development of youth and the community.

h) KOBAN – It is a partnership between the Centers and Puerto Rico Police Department thatworks with young people between the ages of 8 to 20 years in the prevention of social skillsand the promotion of academic achievement of young people through mentoring tasksemphasizing basic English, Spanish, and Math and participation in recreational activities.

i) Youth and Adult Program – The program offers academic training, technological andvocational alternatives for youth and adults to achieve their goals. Vocational technicalservices include: Upholstery & Saddlery, Commercial Photography, Dressmaking Fashion,Health Assistance/Childcare, Barber & Styling, Home Economics, Commercial Photography,Crafts, and Cutting and Welding.

j) Helping Hands (“Manos Que Ayudan”) Program – The program offers specializededucation services for children with multiple disabilities and parents of the Ponce Region.Services offered by the program are; Family social work and school counseling, Speech-Language pathology, Physical, occupational, professional assessments specialized, IEP(Individual Education Plans), Track: pediatrician and physiatrist, and InterdependentDevelopment.

12


1. DESCRIPTION OF ORGANIZATION AND ADVOCACY, Continued

Programs and operations, Continued

k) Love and Life (“Cariño y Vida”) Programs – The program encourages, motivates andguides young people and families, strengthening the principles and values in order to preventteen pregnancy, school dropout, and drug use and abuse. Services offered by the program are,among others, orientation and intercession, individual and family counseling, for employmentpromotion and management, educational talks, referrals to agencies for additional servicesand recreation and sports.

l) Program Guidance and Counseling Community Unit – Attend and serve people indifferent service needs and assistance in the area of education in the communities of LaCantera, Bélgica and Playa de Ponce. Services offered by the program are tutorials forchildren with low academic achievement, community work with volunteers makingeducational, cultural and recreational activities, and school for parents.

m) Child Care Development (“ACUDEN”) Program – Provide child care services and childdevelopment, early learning and a balanced diet to children of socially disadvantaged who arestudying and working.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of presentation

Financial statement presentation for June 30, 2017 and 2016 follows the recommendations of theAmerican Institute of Certified Public Accountants. The organization is required to report informationregarding its financial position and activities according to these classes of net assets: unrestricted netassets, temporarily restricted net assets, and permanently restricted net assets. In addition, theorganization is required to present a statement of cash flows. The accompanying financial statementsclassify its net assets in the following three classes:

Unrestricted net assets - Consist of assets, public support and program revenues which areavailable and used for operations and programs. Contributions are considered available forunrestricted use unless specifically restricted by donor.

Temporarily restricted net assets - Include funds with donor-imposed restrictions which permitthe donee organization to expend the assets as specified and are satisfied either by passage of timeor by actions of the organization. Resources of this nature originate from grants with privatefoundations and government agencies.

13


2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Continued

Permanently restricted net assets - Net assets subject to donor-imposed stipulations that they bemaintained permanently by the Centers. Generally, the donors of such assets permit the Centers touse all or part of the income earned on the assets with no donor-imposed restrictions.

Method of accounting

The financial statements of the Centros Sor Isolina Ferré, Inc., have been prepared utilizing theaccrual basis of accounting.

Use of estimates

The preparation of financial statements in conformity with generally accepted accounting principlesrequires management to make estimates and assumptions that affect certain reported amount anddisclosures. Accordingly, actual results could differ from those estimates.

Fair value

The carrying amounts of cash, cash equivalents, receivables, and bank lines of credit all approximatetheir fair market value for reporting periods presented due to the short maturities of those instruments.All other financial instruments also approximate their fair market value based on their determinedinterest rates and quoted prices in active markets for identical assets.

Cash and cash equivalents

For the purposes of the statement of financial position and the statement of cash flows, theorganization considers all short-term investments to be cash equivalents.

Investments in securities

Investments in securities are stated at fair value based on quoted market prices within active markets.All gains and investment income are unrestricted.

Receivables grants and contracts

Receivables from grants and contracts represent funds to be received from state contracts or federalfunds. No allowance is deemed necessary for these receivables.

14



Receivables educational revenues

Accounts receivable include student accounts receivable and other short-term receivables and arenon-interest bearing. The Centers extends unsecured credit to students and parents of dependentstudents in connection with their studies. Student accounts receivable represent amounts due fortuition, fees, and board that are generally payable by the end of the school term by currently enrolledand former students. Accounts receivables are stated at the amount management expect to collectfrom outstanding balances. Management provides for probable uncollectible amounts through aprovision for bad debt expense and an adjustment to a valuation allowance based on its assessment ofthe current status of individual accounts. Balances that are still outstanding after management hasused reasonable collection efforts are written off through a charge to the valuation allowance and acredit to accounts receivable. The allowance for doubtful accounts was $17,425 and $39,809 at June30, 2017 and 2016, respectively.

Property, plant and equipment

Property, plant and equipment are stated at cost. Generally, purchases of equipment whose cost ismore than $1,000 are capitalized. Donations of property and equipment are recorded as contributionsat their estimated fair value at the date of donation. Assets donated with explicit restrictions regardingtheir use and contributions of cash that must be used to acquire property and equipment are reportedas increases in restricted net assets. It is the Organization's policy to imply a time restriction, based onthe assets' estimated useful lives, on donations of property and equipment that are not restricted as totheir use by the donor. Accordingly, those donations are recorded as increases in temporarilyrestricted net assets. The Organization reclassifies temporarily restricted net assets to unrestricted netassets each year for the amount of depreciation expense relating to the donated property andequipment. Depreciation is computed on the straight-line method based on the estimated useful livesof each class of depreciable assets as follows:

Equipment 3-8 yearsBuildings and improvements 10-50 years

The Centers reviews for the impairment of long-lived assets whenever events of changes incircumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability ismeasured by comparison of the carrying amount of an asset to future net cash flows expected to begenerated by the asset. If such assets are considered to be impaired, the impairment to be recognizedis measured by the amount by which the carrying amount of the assets exceeds the fair value of theassets.

15



Unearned revenues

Income received from grants are deferred and recognized over the period to which the grants relate.

Support and revenues

The Centers receives its grants and contracts support and revenues primarily from federal and stateagencies and private grantors. All grants and contracts are considered to be available for unrestricteduse unless specifically restricted by grantor. Amounts received that are designed for future periods orrestricted by the grantor for specific purposes are reported as temporarily restricted or permanentlyrestricted support that increase those net assets classes. When a temporary restrictions expires,temporarily net assets are reclassified to unrestricted net assets and reported in the statement ofactivities as net assets released from restrictions.

Contributed services

The Centers recognized all contributions of services when they are received if the services (a) createor enhance nonfinancial assets, or (b) require specialized skills, are provided by individualspossessing those skills, and would typically need to be purchases if not donated. In addition, manyindividuals’ volunteers their time and skills to perform a variety of tasks that assist the Centers, butthese services do not meet the criteria for recognition as contributed services.

Tuition and fees

Tuition and fees arise from student services from the Centers’ Trinity College of Puerto Rico fundand program, and are recognized ratably over the academic time period to which they apply. Studentreceivables represent unpaid tuition and fees assessed in current and prior periods that are generatedwhen a student registers for classes through the program’s formal registration process. Studentfinancial aid is generally fulfilled through federal student grants.

Tax status

Under provisions of the US Internal Revenue Code, Section 501(c)(3) and PR Internal Revenue Code,Section 101, Centros Sor Isolina Ferré, Inc., is exempt from taxes on income other than unrelatedbusiness income. Since Centros Sor Isolina Ferré, Inc., has no unrelated income during the yearsended June 30, 2017 and 2016, and no provision for income taxes has been made.

Management believes the Centers have no uncertain tax position as of June 30, 2017. The Centers’tax returns are subject to examination by Taxing Authorities generally for four years after they werefiled.

16


3. CASH AND CASH EQUIVALENTS

As of June 30, 2017 and 2016 cash and cash equivalents consist of the following:

2017 2016

Cash in hand $ 8,173 $ 8,120Current accounts held in banks 1,910,253 2,241,182Savings accounts - 149,788

$1,918,426 $2,399,090

4. INVESTMENTS IN SECURITIES

The Centers invest in PR and US government obligations. Fair values for investments insecurities are determined by reference to quoted market prices for similar investments, yieldcurves, and other relevant information.

The amortized cost, gross unrealized gains, losses and estimated fair values of securities at June30, 2017 and 2016 were as follows:

2017

AmortizedCost

UnrealizedGains(Losses)

EstimatedFair

Value

Money Markets $ 9,972 $ - $ 9,972Bonds 367,989 ( 3,060) 364,929Mutual Funds 863,986 3,231 867,217

$1,241,947 $ 171 $1,242,118

2016

AmortizedCost

UnrealizedGains(Losses)

EstimatedFair

Value

Money Markets $ 40,770 $ - $ 40,770Bonds 365,527 ( 7,425) 358,102Mutual Funds and others 473,215 (36,644) 436,571Equities 395,820 16,728 412,548

$1,275,332 $(27,341) $1,247,991

The Centers had pledged $400,000 of its investment in securities as collateral against certainlines of credit amounting to $172,545 and $316,386 as of June 30, 2017 and 2016, respectively.

17


5. RECEIVABLES GRANTS AND CONTRACTS

Receivables from grants and contracts as of June 30, 2017 and 2016 are from the following programs:

Program 2017 2016

Faro de Esperanza $ 530,224 $ 382,208Cariño y Vida 466,559 359,393TANF 499,591 243,839Vidas Cambiando Futuro 34,187 71,548ADSEF Dando Amor 92,331 111,495Sendas Cariño y Vida 146,726 117,962Fondos Legislativos - 215,000Other programs 13,648 11,541

$1.783,266 $1,512,986

6. BENEFICIAL INTEREST IN PERPETUAL TRUSTS

The Centers is the beneficiary of perpetual irrevocable trusts held and administered by independenttrustees. Under the terms of the trusts, the Centers has the irrevocable right to receive the incomeearned on trust assets in perpetuity. The fair value of the beneficial interest in a trust is recognized asan asset and as a permanently restricted contribution at the date the trust is established. The Centers'estimate of fair value at each reporting date is based on fair value information about the trust's assetsreceived from trustees. Trust assets consist of, but are not limited to, cash and cash equivalents,corporate and government bonds, mutual funds, and equity securities. These assets are not subject tocontrol or direction by the Centers. Distributions of income from the trust are reported as either gainsor investment income. Certain trusts provide that gains on changes in realized fair value be distributedto the Centers, while all trusts whose gains and losses are not distributed by the trusts are reflected asthe change in value of perpetual trusts held by others in the statements of activities.

7. PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consisted of the following at June 30, 2017 and 2016:

2017 2016

Construction in progress $ 618,313 $ 134,177Land and improvements 1,637,350 1,637,350Buildings and improvements 16,259,880 16,089,849Vehicles, equipment and furniture 4,670,582 4,673,742

Total property, plant and equipment 23,186,125 22,535,118Less accumulated depreciation (8,529,303) (7,808,997)

Property, plant and equipment, net $14,656,822 $14,726,121

18


8. BANK LINES OF CREDIT

The Centers had $3,175,000 in revolving lines of credit from three financial institutions, of which$2,576,330 and $2,862,127 were used and outstanding at June 30, 2017 and 2016, respectively. Bankadvances on credit lines are payable on demand and carry interest rates of 1.75% over current primerate (set as 4.25% as of June 30, 2017). The credit lines are directly secured with $667,581 ininvestments in securities, while remaining outstanding amounts are unsecured.

9. NOTE PAYABLE TO BANK

As of June 30, 2017 and 2016, the Centers had a note payable with a financial institution:

2017 20162.25% over prime rate (set as 4.25% as of June 30, 2017) notepayable, due in monthly installments of $9,562, plus interest untilMarch 2021 and a balloon payment of $1,501,312. $1,922,062 $2,036,813

1.75% over prime rate (set as 4.25% as of June 30, 2017) notepayable, due in two annual payments of $45,000, with remaining$360,000 residual (can be expected for up to eight years) due onSeptember 30, 2017 405,000 -

$2,327,062 $2,036,813

The future scheduled maturities of note payable to bank for the year ending June 30, are as follows:

2018 $ 519,7502019 114,7502020 114,7502021 1,577,812

$2,327,062

10. AUTO FINANCING

As of June 30, 2017 and 2016, the Centers had various auto loans payable with financial institutions:

2017 2016

7.20% vehicle loan, due in monthly installments of $492, includinginterest through May 2017, secured by vehicle. $ - $ 5,130

7.85% vehicle loan, due in monthly installments of $507, includinginterest, through December 2017, secured by vehicle. - 3,004

7.25% vehicle loan, due in monthly installments of $458, includinginterest, through November 2021, secured by vehicle. 20,720 -

6.99% vehicle loan, due in monthly installments of $383, includinginterest through November 2017 and last installment payment of$4,000, due on November 2017, secured by vehicle. 5,902 10,068

19


10. AUTO FINANCING, Continued2017 2016

7.10% vehicle loan, due in monthly installments of $596, includinginterest, through October 2018, secured by vehicle. 8,531 14,828

6.99% vehicle loan, due in monthly installments of $397, includinginterest through September 2019, secured by vehicle. 9,807 13,784




$ 92,632 $113,396

The future scheduled maturities of auto financing loans for years ending June 30 are as follows:

Fiscal years Amounts

2018 $ 41,2982019 32,4712020 11,4842021 5,1302022 2,249

$ 92,63211. COMMITMENTS

The Centers rent various offices and locations for its programs whose contractual agreements arerenewed annually when grants from state and local government agencies are also renewed.

12. RESTRICTIONS ON NET ASSETS

Temporarily restricted net assets are available for the following purpose:

2017 2016ADSEF Programs, for prevention and

human and community developmentactivities $ 305,277 $ 432,721

Other programs, for various activities 573,956 364,740Properties with time restriction, net

of depreciation 8,356,189 8,447,224

$9,235,422 $9,244,685

20


12. RESTRICTIONS ON NET ASSETS, Continued

Properties with time restrictions

The Centers have acquired and constructed properties with grants and donations which establishedcertain restrictions as to their use and final disposition. As of June 30, 2017, $458,963 in net assetsrelated to land and its respective improvements in the Centers’ Caimito facilities are restricted as totheir disposition and any significant changes to their use, requiring the consent of the grant donor.$7,897,227 in net assets related to the Centers’ Multi-Services buildings constructed in TabaibaSector, Ponce, PR and Caimito Sector, San Juan, PR, respectively, are restricted temporarily as totheir encumbrance and final disposition until May 2043 and May 2057, respectively.

13. DONATIONS AND IN-KIND CONTRIBUTIONS

For the years ended June 30, 2017 and 2016 the value of contributed services recognized as revenuesin the statements of activities were $1,319,669 and $1,042,603, respectively, and mostly consisted ofcompensation for teachers, use of facilities, supplies, equipment, promotion, security, andcommunication services.

14. CONCENTRATION OF CREDIT RISK

Financial instruments that potentially expose the Centers to concentration of credit risk include bankaccounts, certificate of deposits and investments. While the Centers attempts to limit any financialexposure, its cash balance may at times exceed federally insured limits. The FDIC insurance limitsare $250,000. As of June 30, 2017, the Centers’ uninsured cash balance totaled $1,660,253. TheCenters has not experienced any loss on such accounts.

15. CURRENT VULNERABILITY DUE TO CONCENTRATIONS

The Centers received approximately 69% of its total operating support and revenue (and 80% ofreceivables) from federal and state programs and contributions administered by the state government.The grants agreements for these programs are renewed annually. If these programs cease, it couldcause a severe impact on the organization and its ability to continue its operations and services. TheCenters do not expect that the support from these governmental sources will be lost in the near term.

The Centers operate in a heavily regulated environment. The operations of the Centers are subject tothe administrative directives, rules and regulations of federal, state and local regulatory agencies.Such administrative directives, rules and regulations are subject to change by Act of federal and statelegislative branches. Such changes may occur with little notice or inadequate funding to pay therelated costs, including additional administrative burden to comply with a change.

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16. PRIOR PERIOD ADJUSTMENTS AND RECLASSIFICATIONS

During the fiscal years ended June 30, 2017 and 2016, certain errors were discovered from prioryears. Accordingly, adjustments of $(12,604) and $22,018 were made to previously report net assetsas of June 30, 2017 and 2016, respectively.

17. SUBSEQUENT EVENTS

On September 20, 2017, Puerto Rico was impacted by Hurricane María causing catastrophic damageto many parts of the island. The Centers were subject to the event, and are currently evaluating theimpact to its operations, while assessing potential losses of property in order to claim its insurancecoverage. As stated in Note 15, a significant amount of support and revenues are from the stategovernment which was also impacted by the event. An estimate of the financial effects this event hadon the Centers cannot currently be made. No adjustment has been made to the financial statements asof June 30, 2017 as a result of this event.

Management has evaluated events through November 16, 2017, the date the financial statements wereavailable to be issued. No material subsequent events requiring further disclosure has been identified.

CENTROS SOR ISOLINA FERRE, INC.

(A Non Profit Corporation)

SUPPLEMENTARY INFORMATION:

SUPPLEMENTAL SCHEDULES OFTRINITY COLLEGE OF PUERTO RICO FUND

22

CENTROS SOR ISOLINA FERRE, INC.(A Non Profit Corporation)SCHEDULE OF ASSETS, LIABILITIES AND FUND BALANCETRINITY COLLEGE OF PUERTO RICO FUNDJUNE 30, 2017 AND 2016

ASSETS

Current Assets:

2017 2016

Cash $ 116,512 $ 66,881Accounts receivable, students, net of allowance for

doubtful accounts of $17,425 and $39,808 in 2017 and 2016 253,911 278,412Accounts receivable – others 1,076 48,120Due from main office 100,000 40,000Prepaid expenses 1,180 500

Total current assets 472,679 433,913

Fixed Assets:Furniture and equipment 583,607 577,518Library equipment 42,726 42,726

626,333 620,244Less: accumulated depreciation (473,204) (394,594)

Total fixed assets 153,129 225,650

TOTAL ASSETS $ 625,808 $ 659,563

LIABILITIES AND FUND BALANCE

Liabilities:

Current liabilities:Accounts payable, trade $ 57,358 $ 26,459Payroll taxes payable 50,569 52,525Unearned tuition 292,333 297,343Other current liabilities 68,027 53,196

Total current liabilities 468,287 429,523

Long-term liabilities:Auto financing loansDue to Main Office – Long-term

10,05397,304

14,057162,304

Total long-term liabilities 107,357 176,361

Total liabilities 575,644 605,884

Fund Balance 50,164 53,679

TOTAL LIABILITIES AND FUND BALANCE $625,808 $659,563

23

CENTROS SOR ISOLINA FERRE, INC.(A Non Profit Corporation)SCHEDULE OF REVENUES, EXPENSES, AND CHANGES IN FUND BALANCETRINITY COLLEGE OF PUERTO RICO FUNDJUNE 30, 2017 AND 2016

EDUCATIONAL REVENUES:

2017 2016

Gross tuition $1,316,115 $1,668,858Less: Tuition refunds (9,726) (12,824)

Total educational revenues 1,306,389 1,656,034

EDUCATIONAL EXPENSESInstructional salaries 483,896 576,847Instructional expenses 63,618 39,923Student recruitment 102,229 149,679Depreciation of equipment 137,800 82,626Occupancy expenses 236,846 535,922Administrative salaries 174,502 175,813Officer salaries 65,528 133,700Administrative expenses 331,263 101,117Student personnel services 265,622 284,564

Total educational expenses 1,861,304 2,080,191

Educational (loss) (554,915) ( 424,157)

Other revenues 555,267 430,311

Net (loss) income 352 6,154

Fund balance, beginning, as previously reported 53,679 47,525

Prior period adjustment (3,867) -

Fund balance, beginning, as restated 49,812 47,525

Fund balance, ending $ 50,164 $ 53,679

24

CENTROS SOR ISOLINA FERRE, INC.(A Non Profit Corporation)SCHEDULE OF COMPOSITE SCORETRINITY COLLEGE OF PUERTO RICO FUNDJUNE 30, 2017

Ratio Calculations

Primary reserve ratio

Expendable net assetsUnrestricted net assets 4,584,428Temporarily restricted net assets 9,235,422Notes payable 2,419,694Less: Property, plant and equipment (net) (14,656,822)

Total expendable net assets 1,582,722Total expenses 14,652,613

Primary reserve ratio 0.1080

Equity ratio

Modified net assetsUnrestricted net assets 4,584,428Temporarily restricted net assets 9,235,422Permanently restricted net assets 3,220,595

Total expendable net assets 17,040,445Total assets 23,423,100

Equity ratio 0.7275

Net income ratio

Change in unrestricted net assets 145,541Total unrestricted revenue 14,798,154

Net income ratio 0.0098

Strength calculationResult Factor Score

Primary reserve ratio 0.1080 10 1.08Equity ratio 0.7275 6 4.365Net income ratio 0.0098 (50) + 1 1.492

Weighted scoreResult Factor Score

Primary reserve ratio 1.0800 40% 0.4Equity ratio 4.3650 40% 1.2Net income ratio 1.4920 20% 0.3

Composite Score 1.9

Notes to the schedule:

The financial ratios and composite score are calculated based on Code of Federal Regulations, Title 34, Part 668,Subpart L, Appendix B: Ratio Methodology for Private Non-Profit Institutions.

Cerca de �

Administración Central Ave. Hostos #834, La Playa, PoncePO Box 7313 Ponce PR [email protected], [email protected](787) 842-0000 Ext.1100

Complejo de Servicios Mul�disciplinarios TabaibaCalle Roberto Baracoa Collado Final,Parcelas Amalia MarínLa Playa, PonceExt.1300

Ext. Brisas del CaribeCalle 13 #654El Tuque, PonceExt.1380

Vista Mar CalizasCalle #1 Sector Vista Mar Calizas,Nueva VidaEl Tuque, PonceExt.1375

Mayor CanteraBlvd. Pete “El Conde” #213Mayor Cantera, PonceExt.1365

Programa TANFPlazoleta Las AméricasAve. Las Américas, PonceServicios de adiestramiento y ubicación en empleo en pueblos de la Región de Ponce.Ext.1600

Trini� College of Puerto RicoAve. Hostos #834La Playa, PonceExt.1200info@trini�pr.edu

Complejo de Servicios Mul�disciplinarios CaimitoCarr. 842 Camino Los Romero Km. 1.9Caimito, Río Piedras 00926Ext.1500

Residencial Villa EspañaAve. Piñero, Marginal del Residencial Villa España, Oeste FinalPuerto Nuevo, San JuanExt.1450

GuayamaSan Vicente Mall, Local 15Sector Melanía, GuayamaServicios en Puente Jobos y Urb. Brisas del Mar.Ext. 1703

La CentralCalle 7 Bo. Torrecilla Alta,Canóvanas, PRExt.1370

Faro de EsperanzaPlazoleta Las Américas, Ave. Las Américas, PonceServicios en residenciales públicos de la región sur y central.Ext.1400

36

ADJUNTASJAYUYA

OROCOVIS

VILLALBA

JUANADÍAZ

SANTAISABEL

COAMO

AIBONITO

SALINASGUAYAMA

PATILLAS

ARROYO

CAYEY

SANJUAN

LOÍZA

CAN

ÓVA

NA

S

PONCEYAUCO

GUAY

ANIL

LA

PEÑUELAS

GUÁNICA

CATAÑO

BAYAM

ÓN

GUAYN

ABO

“No basta con educar en materia académica o vocacional, hay que trascender hacia aspectos sociales, culturales, morales y

espirituales, respeto a los demás, importancia de la familia, amor a la patria, sen�do de jus�cia y responsabilidad”.

— Sister Isolina Ferré, MSBT

Centros Sor Isolina FerréPO Box 7313Ponce, PR 00732-7313

www.facebook.com/centros.ferre@Sor_Isolinawww.csifpr.org / [email protected](787) 842-0000

r-:3 u - csif - informe... · criminalidad, embarazo de adolescentes y delincuencia juvenil. ... el...

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