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Nonprofiteer
← LA COLABORATIVA INC

Form 990 for tax year 2022

Filed by LA COLABORATIVA INC.

Totals

Total revenue
$7,400,286
Total expenses
$4,994,509
Contributions and grants received
$6,478,639
Grants paid
$0
Program service revenue
$810,000
Investment income
$0
Other revenue
$111,647
Total assets, end of year
$16,810,572
Total liabilities, end of year
$5,612,758
Net assets or fund balances, end of year
$11,197,814
Program services expenses (Part IX)
$3,988,219
Management and general expenses
$491,156
Fundraising expenses
$515,134
Program service expenses (Part III)
$3,988,219

Program services were 79.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $2,429,543

  • 1f · All other contributions, gifts and grants

    $4,049,096

  • 2a · Program service revenue: FORGIVEN MORTGAGE PAYA

    total $810,000 · related or exempt $810,000

  • 8a · Fundraising events: gross income

    $33,987

  • 8b · Fundraising events: direct expenses

    $7,854

  • 8c · Net income from fundraising events

    total $26,133 · excluded $26,133

  • 11a · Other revenue: OTHER REVENUE

    total $85,514 · related or exempt $85,514

  • 11e · Other revenue, total

    $85,514

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $398,092 · program services $306,531 · management and general $31,847 · fundraising $59,714

  • 7 · Other salaries and wages

    total $2,061,903 · program services $1,587,665 · management and general $164,953 · fundraising $309,285

  • 9 · Other employee benefits

    total $77,352 · program services $56,467 · management and general $6,962 · fundraising $13,923

  • 10 · Payroll taxes

    total $231,286 · program services $178,090 · management and general $23,129 · fundraising $30,067

  • 13 · Office expenses

    total $91,814 · program services $78,042 · management and general $9,181 · fundraising $4,591

  • 14 · Information technology

    total $37,397 · program services $31,787 · management and general $3,740 · fundraising $1,870

  • 16 · Occupancy

    total $72,294 · program services $61,450 · management and general $7,229 · fundraising $3,615

  • 17 · Travel

    total $172,963 · program services $147,019 · management and general $17,296 · fundraising $8,648

  • 19 · Conferences, conventions and meetings

    total $6,060 · program services $5,151 · management and general $606 · fundraising $303

  • 20 · Interest

    total $28,896 · management and general $28,896

  • 22 · Depreciation, depletion and amortization

    total $83,736 · program services $71,175 · management and general $8,374 · fundraising $4,187

  • 23 · Insurance

    total $30,657 · program services $26,058 · management and general $3,066 · fundraising $1,533

  • 24a · Other expenses: PROGRAM SERVICES

    total $1,076,372 · program services $904,152 · management and general $118,401 · fundraising $53,819

  • 24b · Other expenses: EQUIPMENT RENTAL

    total $214,037 · program services $181,931 · management and general $21,404 · fundraising $10,702

  • 24c · Other expenses: STIPENDS

    total $202,220 · program services $171,887 · management and general $20,222 · fundraising $10,111

  • 24d · Other expenses: CONSULTANTS

    total $150,957 · program services $131,333 · management and general $19,624

  • 24e · All other expenses

    total $58,473 · program services $49,481 · management and general $6,226 · fundraising $2,766

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,327,069 · end of year $2,951,311

  • 4 · Accounts receivable

    beginning of year $2,883,270 · end of year $2,354,170

  • 9 · Prepaid expenses and deferred charges

    beginning of year $57,672 · end of year $23,390

  • 10a · Land, buildings and equipment: cost or other basis

    $9,008,876

  • 10b · Land, buildings and equipment: accumulated depreciation

    $639,619

  • 10c · Land, buildings and equipment, net

    beginning of year $6,313,803 · end of year $8,369,257

  • 11 · Investments: publicly traded securities

    beginning of year $2,594,636 · end of year $2,764,719

  • 15 · Other assets

    beginning of year $6,090 · end of year $347,725

  • 17 · Accounts payable and accrued expenses

    beginning of year $443,734 · end of year $722,745

  • 23 · Secured mortgages and notes payable

    beginning of year $4,835,900 · end of year $4,272,806

  • 25 · Other liabilities

    beginning of year $224,806 · end of year $617,207

  • 27 · Net assets without donor restrictions

    beginning of year $7,411,398 · end of year $9,266,880

  • 28 · Net assets with donor restrictions

    beginning of year $1,266,702 · end of year $1,930,934

Mission and programs · 2022

Mission

THE MISSION OF THE ORGANIZATION IS TO EMPOWER LATINX IMMIGRANTS TO ENHANCE THE SOCIAL AND ECONOMIC HEALTH OF OUR COMMUNITY AND PEOPLE AND TO HOLD INSTITUTIONAL DECISION MAKERS ACCOUNTABLE TO THE COMMUNITIES THEY SERVE.

Activities or mission (Part I)

THE MISSION OF THE ORGANIZATION IS TO EMPOWER LATINX IMMIGRANTS TO ENHANCE THE SOCIAL AND ECONOMIC HEALTH OF OUR COMMUNITY AND PEOPLE; AND TO HOLD INSTITUTIONAL DECISION MAKERS ACCOUNTABLE TO THE COMMUNITIES THEY SERVE. IN 2019, THE ORGANIZATION EXPANDED OUR GEOGRAPHIC FOCUS TO EXTEND SERVICES TO RESIDENTS OF EVERETT, REVERE, AND EAST BOSTON IN ADDITION TO THOSE RESIDING IN CHELSEA.

  • GOAL 1: STABILIZE LATINX IMMIGRANT FAMILIES BY MEETING THEIR BASIC NEEDS FOR SURVIVAL AND WELLBEING. PROVIDE HOLISTIC AND INDIVIDUALIZED SUPPORT THROUGH TRIAGED CASE MANAGEMENT AND SERVICE DELIVERY PLANS THAT CONVENE AND COORDINATE CITYWIDE RESOURCES AND SERVICES. CONNECTFAMILIES TO STABLE HOUSING, HEALTHCARE, MENTAL HEALTH SUPPORT, FOOD ASSISTANCE, SCHOOL ENROLLMENT, TRANSPORTATION, CHILDCARE, ETC.GOAL 2: UPLIFT LATINX IMMIGRANT FAMILIES THROUGH NEW KNOWLEDGE, SKILLS, NETWORKS, AND ACCESS TO OPPORTUNITIES. PROVIDE EDUCATIONAL, SKILL-BUILDING, LEADERSHIP OPPORTUNITIES TO EMPOWER OUR MEMBERS TO MOVE FORWARD ON THEIR PATHWAYS TO ECONOMIC MOBILITY. CONNECT MEMBERS TO ACONTINUUM OF TRAINING, CLASSES, CAREER ADVISING AND JOB PLACEMENT SUPPORT TO CLOSE PPORTUNITY AND EARNINGS GAPS.GOAL 3: DRIVE SUSTAINABLE CHANGE IN POLICIES AND PRACTICES THAT ARE ROOTED IN OUR COMMUNITIES AND WILL IMPROVE CONDITIONS FOR LATINX IMMIGRANT FAMILIES. MOBILIZE OUR MEMBERSHIP TO ADVOCATE FOR JUSTICE AND EQUITY ON THE ISSUES IMPACTING THEIR OPPORTUNITIES TO ACHIEVE FINANCIALINDEPENDENCE. EMPOWER LATINX IMMIGRANTS TO BE HEARD AND TO HOLD POWER STRUCTURES ACCOUNTABLE.

    Expenses $3,988,219

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Rosalba Medina

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Lee Staples

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Carol Resnek

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Magaly Valentin

    CLERK

    Total calculated
    $0
    Hours/week
    1

  • Stacey Pichardo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ellen Rovner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gladys Vega

    EXECUTIVE DIRECTOR

    Total calculated
    $200,034
    From this org
    $163,789
    From related orgs
    $0
    Other
    $36,245
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $163,789
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $36,245
    Filer's total
    $200,034

  • Dinanyili Paulino

    CHIEF OPERATING OFFICER

    Total calculated
    $198,058
    From this org
    $153,557
    From related orgs
    $0
    Other
    $44,501
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $153,557
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $44,501
    Filer's total
    $198,058

  • Joseph Betancourt

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Anthony Quiles

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
25 January 2024
IRS schema version
2022v5.0
Source object
202400259349300445

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