Totals
- Total revenue
- $697,442
- Total expenses
- $1,207,192
- Contributions and grants received
- $1,000
- Grants paid
- $0
- Program service revenue
- $696,439
- Investment income
- $3
- Other revenue
- $0
- Total assets, end of year
- $6,603,180
- Total liabilities, end of year
- $9,130,711
- Net assets or fund balances, end of year
- -$2,527,531
- Program services expenses (Part IX)
- $1,166,907
- Management and general expenses
- $40,165
- Fundraising expenses
- $120
- Program service expenses (Part III)
- $1,166,907
Program services were 96.7% 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.
-
1f · All other contributions, gifts and grants
$1,000
-
2a · Program service revenue: RENTAL REVENUE
total $696,439 · related or exempt $696,439
-
3 · Investment income
total $3 · excluded $3
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $40,165 · management and general $40,165
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $550 · program services $550
-
14 · Information technology
total $741 · program services $741
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $104,445 · program services $104,445
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $174,077 · program services $174,077
-
23 · Insurance
total $0
-
24a · Other expenses: WAGE REIMBURSEMENTS
total $296,103 · program services $296,103
-
24b · Other expenses: UTILITIES
total $232,635 · program services $232,635
-
24c · Other expenses: REPAIRS AND MAINTENANCE
total $158,756 · program services $158,756
-
24d · Other expenses: SECURITY
total $81,240 · program services $81,240
-
24e · All other expenses
total $118,480 · program services $118,360 · fundraising $120
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $84,149 · end of year $75,859
-
2 · Savings and temporary cash investments
beginning of year $143,216 · end of year $1,080
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $47,337
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $10,441 · end of year $12,776
-
10a · Land, buildings and equipment: cost or other basis
$7,450,136
-
10b · Land, buildings and equipment: accumulated depreciation
$1,211,165
-
10c · Land, buildings and equipment, net
beginning of year $6,400,573 · end of year $6,238,971
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
beginning of year $239,633 · end of year $227,157
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $16,319 · end of year $23,167
-
23 · Secured mortgages and notes payable
beginning of year $7,962,000
-
25 · Other liabilities
beginning of year $917,474 · end of year $9,107,544
-
27 · Net assets without donor restrictions
beginning of year -$2,017,781 · end of year -$2,527,531
Mission and programs · 2022
Mission
By providing affordable retail opportunities, technical assistance, start-up capital and support, Mercado La Paloma seeks to create business ownership opportunities and living wage jobs in our community and to offer needed goods and services to residents and employees who retain spending in our neighborhood. By hosting art exhibits, music and dance performances, spoken word, film showings and other events Mercado La Paloma seeks to support and showcase local artists, provide high quality art and cultural opportunities for our community and impart the unique heritage of the areas residents through the non-profit offices and our affordable meeting room that hosts a wide range of community meetings, events and classes. By creating a warm and welcoming gathering space full of guests from all walks of life and open to their ideas and suggestions, Mercado La Paloma provides opportunities for empowerment, enjoyment and connection strengthening existing social ties and creating new ones.
Activities or mission (Part I)
By providing affordable retail opportunities, technical assistance, start-up capital and support, Mercado La Paloma seeks to create business ownership opportunities and living wage jobs in our community and to offer needed goods and services - SEE SCHEDULE O.
-
Operating and maintaining a neighborhood marketplace and office building to serve tenants of seven (7) restaurants, six (6) shops and nine (9) offices as well as a community conference room and day table. Providing tenants with low-cost opportunities to yield services for the low-income community.
Expenses $1,166,907 · Revenue $696,439
As filed on the 2022 return.
Listed in Part VII
-
Nancy Halpern IbrahimNANCY HALPERN IBRAHIM
President
- Total calculated
- $122,632
- From this org
- $0
- From related orgs
- $114,747
- Other
- $7,885
- Hours/week
- 0.15 + 43 related
-
Takao SuzukiTAKAO SUZUKI
Chairman
- Total calculated
- $0
- Hours/week
- 0.15 + 0.58 related
-
Tafarai BayneTAFARAI BAYNE
Secretary
- Total calculated
- $0
- Hours/week
- 0.15
-
Mark BillyMARK BILLY
Director
- Total calculated
- $0
- Hours/week
- 0.15
-
Jorge NunoJORGE NUNO
Director
- Total calculated
- $0
- Hours/week
- 0.15
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.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
ESPERANZA COMMUNITY HOUSING CORPORATION
501(C)(3) · LOW INC HOUSING, ECON DEV, HLTH AND ED · CA
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333189349316308
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.