La Colaborativa Inc
- Assets
- $16.8m
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 267
- Location
- Chelsea, MA
- Founding
- 08/1988
- Data as of
- 06/2023
- EIN
- 22-2906521
Organization Overview
La Colaborativa Inc is located in Chelsea, MA. The organization was established in 1988. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 06/2023, LA Colaborativa Inc employed 267 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. LA Colaborativa Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, LA Colaborativa Inc generated $7.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 26.0% each year . All expenses for the organization totaled $5.0m during the year ending 06/2023. While expenses have increased by 17.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rosalba Medina President | OfficerTrustee | 1 | $0 |
Lee Staples Treasurer | OfficerTrustee | 1 | $0 |
Carol Resnek Vice President | OfficerTrustee | 1 | $0 |
Magaly Valentin Clerk | OfficerTrustee | 1 | $0 |
Stacey Pichardo Director | Trustee | 1 | $0 |
Ellen Rovner Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,429,543 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,049,096 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,478,639 |
| Total Program Service Revenue | $810,000 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $26,133 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,400,286 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $398,092 |
| Compensation of current officers, directors, key employees. | $31,847 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,061,903 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $77,352 |
| Payroll taxes | $231,286 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $91,814 |
| Information technology | $37,397 |
| Royalties | $0 |
| Occupancy | $72,294 |
| Travel | $172,963 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,060 |
| Interest | $28,896 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $83,736 |
| Insurance | $30,657 |
| All other expenses | $58,473 |
| Total functional expenses | $4,994,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,951,311 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,354,170 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $23,390 |
| Net Land, buildings, and equipment | $8,369,257 |
| Investments—publicly traded securities | $2,764,719 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $347,725 |
| Total assets | $16,810,572 |
| Accounts payable and accrued expenses | $722,745 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,272,806 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $617,207 |
| Total liabilities | $5,612,758 |
| Net assets without donor restrictions | $9,266,880 |
| Net assets with donor restrictions | $1,930,934 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $16,810,572 |