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Mercado La Paloma Inc

  • Los Angeles, CA
  • Tax-exempt since March 2015
  • EIN: 47-1787000

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Community Improvement, Capacity Building / Single Organization Support (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$727k (2023)

Expenses
$1.15M (2023)

Total Assets
$6.26M (2023)

Total Liabilities
$9.43M (2023)

Source: Form 990 tax filings from 2014 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$727,413
Expenses
$1,146,693
Net Income
-$419,280
Net Assets
-$3,170,651
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,675
0.2%
Program Services $725,736
99.8%
Investment Income $2
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $6,257,906
Total Liabilities $9,428,557
Net Assets -$3,170,651
Compensation
Key Employees and Officers Compensation Related Other
Nancy Halpern Ibrahim (President) $0 $120,816 $8,325
Takao Suzuki (Chairman) $0 $0 $0
Tafarai Bayne (Secretary) $0 $0 $0
Mark Billy (Director) $0 $0 $0
Jorge Nuno (Director) $0 $0 $0
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Document Links

990
Filed on Nov. 1, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$697,442
Expenses
$1,207,192
Net Income
-$509,750
Net Assets
-$2,527,531
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,000
0.1%
Program Services $696,439
99.9%
Investment Income $3
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $6,603,180
Total Liabilities $9,130,711
Net Assets -$2,527,531
Compensation
Key Employees and Officers Compensation Related Other
Nancy Halpern Ibrahim (President) $0 $114,747 $7,885
Takao Suzuki (Chairman) $0 $0 $0
Tafarai Bayne (Secretary) $0 $0 $0
Mark Billy (Director) $0 $0 $0
Jorge Nuno (Director) $0 $0 $0
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Document Links

990
Filed on Nov. 14, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$613,882
Expenses
$1,190,765
Net Income
-$576,883
Net Assets
-$2,017,781
Notable Sources of Revenue Percent of Total Revenue
Contributions $26,908
4.4%
Program Services $586,948
95.6%
Investment Income $26
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $6,878,012
Total Liabilities $8,895,793
Net Assets -$2,017,781
Compensation
Key Employees and Officers Compensation Related Other
Nancy Halpern Ibrahim (President) $0 $128,777 $7,990
Takao Suzuki (Chairman) $0 $0 $0
Tafarai Bayne (Secretary) $0 $0 $0
Mark Billy (Director) $0 $0 $0
Jorge Nuno (Director) $0 $0 $0
Nesanet Abegaze (Director) $0 $0 $0
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Document Links

990
Filed on Nov. 14, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$997,065
Expenses
$964,421
Net Income
$32,644
Net Assets
-$1,440,898
Notable Sources of Revenue Percent of Total Revenue
Contributions $300,000
30.1%
Program Services $696,862
69.9%
Investment Income $203
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $7,176,364
Total Liabilities $8,617,262
Net Assets -$1,440,898
Compensation
Key Employees and Officers Compensation Related Other
Nancy Halpern Ibrahim (President) $0 $108,960 $3,500
Takao Suzuki (Chairman) $0 $0 $0
Tafarai Bayne (Secretary) $0 $0 $0
Mark Billy (Director) $0 $0 $0
Jorge Nuno (Director) $0 $0 $0
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Document Links

990
Filed on Nov. 4, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$808,102
Expenses
$1,012,183
Net Income
-$204,081
Net Assets
-$1,473,542
Notable Sources of Revenue Percent of Total Revenue
Contributions $140,000
17.3%
Program Services $666,781
82.5%
Investment Income $1,321
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $7,247,613
Total Liabilities $8,721,155
Net Assets -$1,473,542
Compensation
Key Employees and Officers Compensation Related Other
Nancy Halpern Ibrahim (President) $0 $100,306 $2,033
Takao Suzuki (Chairman) $0 $0 $0
Tafarai Bayne (Secretary) $0 $0 $0
Mark Billy (Director) $0 $0 $0
Jorge Nuno (Director) $0 $0 $0
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990
Filed on Nov. 12, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$789,141
Expenses
$989,798
Net Income
-$200,657
Net Assets
-$1,269,461
Notable Sources of Revenue Percent of Total Revenue
Contributions $140,000
17.7%
Program Services $648,110
82.1%
Investment Income $1,031
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $7,459,914
Total Liabilities $8,729,375
Net Assets -$1,269,461
Compensation
Key Employees and Officers Compensation Related Other
Takao Suzuki (Chairman) $0 $0 $0
Tafarai Bayne (Secretary) $0 $0 $0
Mark Billy (Director) $0 $0 $0
Jorge Nuno (Director) $0 $0 $0
Nancy Halpern Ibrahim (President) $0 $98,709 $212
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990
Filed on Nov. 12, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$738,450
Expenses
$916,410
Net Income
-$177,960
Net Assets
-$1,068,804
Notable Sources of Revenue Percent of Total Revenue
Contributions $140,000
19.0%
Program Services $597,965
81.0%
Investment Income $485
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $7,627,252
Total Liabilities $8,696,056
Net Assets -$1,068,804
Compensation
Key Employees and Officers Compensation Related Other
Takao Suzuki (Chairman) $0 $0 $0
Tafarai Bayne (Secretary) $0 $0 $0
Mark Billy (Director) $0 $0 $0
Jorge Nuno (Director) $0 $0 $0
Nancy Halpern Ibrahim (President) $0 $94,306 $8,703
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990
Filed on Nov. 14, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$707,824
Expenses
$869,920
Net Income
-$162,096
Net Assets
-$890,844
Notable Sources of Revenue Percent of Total Revenue
Contributions $155,678
22.0%
Program Services $551,371
77.9%
Investment Income $775
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $7,967,715
Total Liabilities $8,858,559
Net Assets -$890,844
Compensation
Key Employees and Officers Compensation Related Other
Takao Suzuki (Chairman) $0 $0 $0
Tafarai Bayne (Secretary) $0 $0 $0
Mark Billy (Director) $0 $0 $0
Jorge Nuno (Director) $0 $0 $0
Nancy Halpern Ibrahim (President) $0 $75,000 $0
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990
Filed on Sept. 21, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$616,550
Expenses
$823,314
Net Income
-$206,764
Net Assets
-$728,748
Notable Sources of Revenue Percent of Total Revenue
Contributions $140,010
22.7%
Program Services $474,621
77.0%
Investment Income $1,919
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $168,082
20.4%
Assets/Debt
Total Assets $8,270,432
Total Liabilities $8,999,180
Net Assets -$728,748
Compensation
Key Employees and Officers Compensation Related Other
Takao Suzuki (Chairman) $0 $0 $0
Tafarai Bayne (Secretary) $0 $0 $0
Mark Billy (Director) $0 $0 $0
Jorge Nuno (Director) $0 $0 $0
Nancy Halpern Ibrahim (President) $0 $75,000 $0
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990
Filed on Nov. 15, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$196,674
Expenses
$833,414
Net Income
-$636,740
Net Assets
-$793,904
Notable Sources of Revenue Percent of Total Revenue
Contributions $196,672
100.0%
Program Services $0
Investment Income $2
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $8,168,503
Total Liabilities $8,962,407
Net Assets -$793,904
Compensation
Key Employees and Officers Compensation Related Other
Takao Suzuki (Chair) $0 $0 $0
Tafarai Bayne (Secretary) $0 $0 $0
Mark Billy (Director) $0 $0 $0
Jorge Nuno (Director) $0 $0 $0
Nancy Halpern Ibrahim (Executive Dir.) $0 $75,000 $0
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Document Links

990
Filed on Nov. 11, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Byline

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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