Overview
What is Mercado La Paloma Inc?
Mercado La Paloma Inc is a nonprofit organization situated in Los Angeles, California. Its primary mission is to establish and manage a community marketplace, comprising various restaurants, shops, and offices. The organization offers tenants affordable opportunities to serve the local low-income community, providing essential services. By fostering business ownership and job creation, Mercado La Paloma aims to improve living standards within the community. Furthermore, the nonprofit supports local artists, hosts cultural events, and provides a welcoming space for community gatherings and empowerment, promoting social connections and cohesion.
Official website here: www.mercadolapaloma.com/
Is Mercado La Paloma Inc legitimate?
Mercado La Paloma Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mercado La Paloma 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.mercadolapaloma.com/
What is the mission statement of Mercado La Paloma Inc?
Mercado La Paloma Inc aims to foster business ownership opportunities and generate living wage jobs within its community by offering affordable retail spaces, technical assistance, start-up capital, and support. The organization's mission extends beyond commerce, as it also aims to provide residents and employees with needed goods and services. To enrich the community, Mercado La Paloma hosts various cultural events, such as art exhibits, music and dance performances, and film showings, featuring local artists. Moreover, it offers a non-profit office and an affordable meeting room for community gatherings, events, and classes. By creating a welcoming environment, Mercado La Paloma encourages empowerment, enjoyment, and connection, strengthening existing social ties and fostering new ones.
Official website here: www.mercadolapaloma.com/
Who is the CEO of Mercado La Paloma Inc?
Nancy Halpern Ibrahim is the President of Mercado La Paloma Inc.
Official website here: www.mercadolapaloma.com/
What is the revenue of Mercado La Paloma Inc?
Mercado La Paloma Inc's revenue in 2022 was $697,442.
Official website here: www.mercadolapaloma.com/
Who are the executives of Mercado La Paloma Inc and what are their salaries?
Here are 5 key members and their salaries:
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- Related: $114,747
- Other: $7,885
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.mercadolapaloma.com/
Where can I find the form 990 for Mercado La Paloma Inc?
Mercado La Paloma Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mercadolapaloma.com/
Learn more at the official website: www.mercadolapaloma.com/
Mission Statement of Mercado La Paloma Inc
Mercado La Paloma Inc is a non-profit organization with a mission to create business ownership opportunities and living wage jobs within the community. By offering affordable retail spaces, technical assistance, start-up capital, and support, Mercado La Paloma aims to empower local residents to establish their businesses. The organization also seeks to meet the needs of the community by providing necessary goods and services.
Beyond its business-focused mission, Mercado La Paloma also serves as a cultural hub. It hosts a variety of events, such as art exhibits, music and dance performances, spoken word, film showings, and community meetings. These events not only provide high-quality art and cultural opportunities but also allow local artists to showcase their work and for the community to connect with their unique heritage. The non-profit also offers an affordable meeting room for community events and classes, fostering a sense of gathering and strengthening social ties.
In summary, Mercado La Paloma Inc is a dynamic non-profit that seeks to benefit its community in multiple ways. By promoting entrepreneurship, offering essential goods and services, and providing cultural events, Mercado La Paloma plays an integral role in enriching the lives of its residents and encouraging community engagement.
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Impact
October, 2024
Mercado La Paloma Inc significantly impacts the Los Angeles community by fostering economic opportunities and social connections. By offering affordable retail spaces, this initiative enables local entrepreneurs to establish businesses that meet the needs of the community, creating jobs that pay living wages. The operation includes seven restaurants, six shops, and nine offices which cater to low-income residents, thereby keeping spending within the neighborhood.
Beyond economic support, Mercado La Paloma serves as a vibrant cultural hub. It hosts various events, such as art exhibits, music and dance performances, and film screenings, showcasing local artists and enriching the community’s cultural landscape. This not only provides high-quality artistic experiences but also helps preserve and celebrate the unique heritage of the area's residents.
Furthermore, with its community conference room and multi-purpose meeting spaces, Mercado La Paloma fosters a spirit of collaboration and engagement. It offers low-cost venues for meetings, classes, and events, allowing residents to connect and share ideas, ultimately strengthening existing social ties and building new ones. Through these initiatives, Mercado La Paloma Inc plays a crucial role in enhancing the overall well-being and connectivity of the community.
This information is meant to be a general summary of Mercado La Paloma 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 2022.
- Investment Income: $3
- Program Service Revenue: $696,439
- Gross Receipts: $697,442
Assets and Liabilities:
- Total Assets: $6,603,180
- Total Liabilities: $9,130,711
- Net Assets: -$2,527,531
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$696,439
Organization Details
Founding Year
2014
Phone
(213) 748-7285Principal Officer
Nancy Halpern Ibrahim
Main Address
3655 SOUTH GRAND AVENUE 280, LOS ANGELES, CA, 90007
Website
www.mercadolapaloma.com/NTEE Category
Code: S11 - Community improvement
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