Overview
What is La Colaborativa Inc?
La Colaborativa Inc is a nonprofit organization situated in Chelsea, Massachusetts, with a workforce of 267 individuals. Their primary goal is to support and empower Latinx immigrant families by addressing their basic survival needs and providing holistic assistance. This includes connecting families to stable housing, healthcare, mental health support, food assistance, school enrollment, transportation, and childcare, among other essential services. In addition to this, the organization aims to uplift Latinx immigrant families by offering new knowledge, skills, networks, and opportunities. They provide educational and skill-building programs, leadership opportunities, and job placement support to help individuals advance economically. Lastly, La Colaborativa Inc works towards driving sustainable change in policies and practices that benefit their community. They mobilize their membership to advocate for justice and equity on issues affecting Latinx immigrants, empowering them to be heard and hold power structures accountable. The organization expanded its services in 2019 to include residents of Everett, Revere, and East Boston, in addition to those in Chelsea.
Official website here: www.la-colaborativa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Star rating)
La Colaborativa Inc has achieved a commendable Four-Star rating from Charity Navigator, signifying a high level of accountability and financial health. With an impressive overall score of 95%, the organization excels particularly in Leadership & Adaptability, scoring 100%. This indicates a strong governance structure and the capability to respond effectively to challenges while maintaining high standards in financial oversight.
The nonprofit demonstrates a solid commitment to transparency and ethical management practices, with 87% of its board members being independent. It has also received full marks in areas such as audit and oversight, conflict of interest policies, and document retention. Additionally, the organization maintains a favorable program expense ratio of 82.62%, ensuring that a significant portion of its funds is allocated directly to its programs.
However, while the organization shows strong financial indicators, it is important to note that its Culture & Community Score stands at 85%, suggesting there may be some areas for improvement in community engagement. Overall, La Colaborativa Inc appears to be a well-managed organization that prioritizes effective leadership and financial accountability, but there may be opportunities to enhance its community impact.
This AI summary has been generated from information found on Charity Navigator.
Is La Colaborativa Inc legitimate?
La Colaborativa Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. La Colaborativa Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $398,092
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,061,903
For more financial information, click here
Official website here: www.la-colaborativa.org
What is the mission statement of La Colaborativa Inc?
La Colaborativa Inc's mission is centered around empowering Latinx immigrants. The organization aims to enhance the social and economic well-being of the community and hold institutional decision-makers accountable to the communities they serve. In pursuit of this mission, La Colaborativa Inc has set three main goals: firstly, to stabilize Latinx immigrant families by addressing their basic needs and connecting them to essential resources; secondly, to uplift these families by providing educational opportunities and skill-building programs to foster economic mobility; and lastly, to drive sustainable change by mobilizing the membership to advocate for justice and equity, empowering Latinx immigrants to be heard and hold power structures accountable.
Official website here: www.la-colaborativa.org
Who is the CEO of La Colaborativa Inc?
Rosalba Medina is the President of La Colaborativa Inc.
Official website here: www.la-colaborativa.org
What is the revenue of La Colaborativa Inc?
La Colaborativa Inc's revenue in 2023 was $7,400,286.
Official website here: www.la-colaborativa.org
Who are the executives of La Colaborativa Inc and what are their salaries?
The average compensation at La Colaborativa Inc during 2023 was $9,213. There are 267 employees and 172 volunteers at La Colaborativa Inc.
Here are 10 key members and their salaries:
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Official website here: www.la-colaborativa.org
Where can I find the form 990 for La Colaborativa Inc?
La Colaborativa Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.la-colaborativa.org
Learn more at the official website: www.la-colaborativa.org
Mission Statement of La Colaborativa Inc
La Colaborativa Inc, a nonprofit organization, is committed to empowering Latinx immigrants to enhance their social and economic well-being. Its mission is twofold: firstly, to support Latinx immigrant families by addressing their basic needs, providing triaged case management, and coordinating citywide resources and services. This could involve securing stable housing, access to healthcare, mental health support, food assistance, school enrollment, transportation, childcare, and more.
Secondly, La Colaborativa Inc aims to uplift Latinx immigrant families by offering educational and skill-building opportunities. Through leadership programs, training classes, career advising, and job placement support, the organization aims to equip its members with the knowledge and skills needed to progress on their pathways to economic mobility. By closing opportunity and earnings gaps, La Colaborativa Inc aims to improve the livelihoods of Latinx immigrant families.
In addition to these goals, La Colaborativa Inc is also dedicated to driving sustainable change in policies and practices that positively impact the conditions of Latinx immigrant families. The organization mobilizes its membership to advocate for justice and equity on issues that impact their opportunities for financial independence. By empowering Latinx immigrants to be heard and hold power structures accountable, La Colaborativa Inc plays a crucial role in advocating for the rights and well-being of its community.
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Impact
October, 2024
La Colaborativa Inc significantly impacts Latinx immigrant communities by addressing their immediate needs and fostering long-term empowerment. By providing holistic support, the organization helps stabilize families through access to essential services such as housing, healthcare, mental health resources, food assistance, and childcare. This ensures that individuals can focus on their well-being and stability.
Additionally, La Colaborativa enables Latinx immigrant families to enhance their knowledge and skills, facilitating pathways to economic mobility. Through educational programs, skill-building opportunities, and job placement support, they close the gaps in opportunity and earnings, empowering community members to achieve greater financial independence.
The organization actively drives sustainable policy change, advocating for justice and equity in issues impacting the Latinx community. By mobilizing its members to speak out, La Colaborativa holds institutions accountable and works to create an environment where Latinx immigrants can thrive. Their multi-faceted approach not only addresses the immediate concerns of the community but also drives systemic change for a more equitable future.
This information is meant to be a general summary of La Colaborativa Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Program Service Revenue: $810,000
- Gross Receipts: $7,408,140
Assets and Liabilities:
- Total Assets: $16,810,572
- Total Liabilities: $5,612,758
- Net Assets: $11,197,814
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FORGIVEN MORTGAGE PAYA
Revenue
$810,000
Organization Details
Founding Year
1988
Phone
(617) 889-6080Principal Officer
Rosalba Medina
Main Address
318 BROADWAY, CHELSEA, MA, 02150
Website
www.la-colaborativa.orgNTEE Category
Code: P20B - Human services
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