La Alianza Hispana Inc
- Assets
- $2.5m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 19
- Location
- Boston, MA
- Founding
- 06/1971
- Data as of
- 06/2023
- EIN
- 23-7121158
Organization Overview
La Alianza Hispana Inc is located in Boston, MA. The organization was established in 1971. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. As of 06/2023, LA Alianza Hispana Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. LA Alianza Hispana 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 Alianza Hispana Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $1.7m during the year ending 06/2023. While expenses have increased by 6.1% 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
TO PROVIDE SOCIAL AND HEALTH SERVICES TO THE LATINO COMMUNITY IN THE THE GREATER BOSTON AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELDER AND ADULT DAY HEALTH: THE PROGRAM PROMOTES INDEPENDENCE AND WELLNESS SO MORE THAN 260 ELDERS CAN CONTINUE LIVING IN AND SHAPING THE CITY OF BOSTON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Montgomery President | OfficerTrustee | 1 | $0 |
Livio Perez Vicepresident | OfficerTrustee | 1 | $0 |
Nicholas L Olson Treasurer | OfficerTrustee | 1 | $0 |
Bianca Jimenez Clerk | OfficerTrustee | 1 | $0 |
Lucinda V Rivera Director | Trustee | 1 | $0 |
Sophie Parker Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $347,892 |
| Noncash contributions included in lines 1a–1f | $31,790 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $347,892 |
| Total Program Service Revenue | $1,412,636 |
| Investment income | $8,872 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,860,550 |
| 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. | $123,427 |
| Compensation of current officers, directors, key employees. | $29,950 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $578,435 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $123,097 |
| Payroll taxes | $62,156 |
| 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 | $390 |
| Office expenses | $22,469 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $294,585 |
| Travel | $6,760 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,017 |
| Insurance | $20,233 |
| All other expenses | $23,517 |
| Total functional expenses | $1,718,431 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $785,114 |
| Savings and temporary cash investments | $408,872 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $306,275 |
| 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 | $5,940 |
| Net Land, buildings, and equipment | $148,201 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $815,341 |
| Total assets | $2,469,743 |
| Accounts payable and accrued expenses | $147,915 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $757,242 |
| Total liabilities | $905,157 |
| Net assets without donor restrictions | $1,531,253 |
| Net assets with donor restrictions | $33,333 |
| 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 | $2,469,743 |