MERCADO LA PALOMA INC Charity Report

Public IRS 990 nonprofit record

MERCADO LA PALOMA INC

EIN 47-1787000 · Single Organization Support (S11)

What they do

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, SERVICES, and ESSENTIAL 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 CRE

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $98.20 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders5 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

173.62%of revenue went to mission work98.2% of expenses · Program services

1.21%of revenue went to fundraising0.7% of expenses

$176.81spent for every $100 of revenueSpending was higher than revenue this year.

1.98%of revenue went to management and office costs1.1% of expenses

$4.33in assets for every $1 spent this yearSome assets cannot be spent right away.

0.7%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $613,004 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $25,298 for NANCY HALPERN IBRAHIM (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$798,099

Mission workProgram services$1,385,639173.62% of revenue98.2% of expenses

ManagementOffice and general costs$15,7751.98% of revenue1.1% of expenses

FundraisingAsking for donations$9,6891.21% of revenue0.7% of expenses

Total expenses$1,411,103176.81% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 98.2% mission · 1.1% management · 0.7% fundraisingTotal expenses: 176.81% of revenue

2023Expense mix: 98.3% mission · 1.4% management · 0.3% fundraisingTotal expenses: 157.64% of revenue

2022Expense mix: 96.7% mission · 3.3% management · 0.0% fundraisingTotal expenses: 173.09% of revenue

2021Expense mix: 96.2% mission · 3.7% management · 0.0% fundraisingTotal expenses: 193.97% of revenue

2020Expense mix: 98.5% mission · 1.5% management · 0.0% fundraisingTotal expenses: 96.73% of revenue

2019Expense mix: 98.9% mission · 1.1% management · 0.0% fundraisingTotal expenses: 125.25% of revenue

2018Expense mix: 98.4% mission · 1.6% management · 0.0% fundraisingTotal expenses: 125.43% of revenue

2017Expense mix: 99.9% mission · 0.0% management · 0.1% fundraisingTotal expenses: 124.10% of revenue

Money in and money out

Revenue$798,099

Expenses$1,411,103

Annual shortfall $613,004 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,385,639 · 98.2% of expenses

Management and office costs$15,775 · 1.1% of expenses

Fundraising$9,689 · 0.7% of expenses

See all reported dollar amounts

Revenue$798,099

Expenses$1,411,103

Assets$6,115,095

Income$798,099

Contributions$5,876

Mission work (program services)$1,385,639

Fundraising$9,689

Management and general$15,775

Accounting fees$15,775

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

NANCY HALPERN IBRAHIMPRESIDENT $25,298Base · Other $25,298

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (5)

NANCY HALPERN IBRAHIMPRESIDENT

JORGE NUNODIRECTOR

MARK BILLYDIRECTOR

TAFARAI BAYNESECRETARY

TAKAO SUZUKICHAIRMAN

About this charity

Recognized since: January 2015
Location: 3655 SOUTH GRAND AVENUE 280, LOS ANGELES, CA 90007
County: Los Angeles
In care of: NANCY HALPERN IBRAHIM
Primary officer: NANCY HALPERN IBRAHIM, President

How to reach them

WebsiteVisit the charity’s website Emailmoises@mercadolapaloma.com Phone(213) 748-7285

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: BOGGELN & COMPANY INC
NTEE classification: Single Organization Support (S11)
IRS tax category: Single Organization Support