2025-11-13T14:20:20-08:00 2024-12-31 461594234 Boggeln & Company Inc 215 1/2 Main Street Huntington Beach CA 92648 990 2024-01-01 471787000 MERCADO LA PALOMA INC MERC 2137487285 3655 SOUTH GRAND AVENUE 280 LOS ANGELES CA 90007 NANCY HALPERN IBRAHIM President 2025-11-13 true true CHERI L BOGGELN P00854324 7143747434 2024 2025-03-06 01:10:19Z NANCY HALPERN IBRAHIM 3655 SOUTH GRAND AVENUE 280 LOS ANGELES CA 90007 798099 false X https://www.mercadolapaloma.com/ X 2014 CA BY PROVIDING AFFORDABLE RETAIL OPPORTUNITIES, TECHNICAL ASSISTANCE, START-UP CAPITAL AND SUPPORT, MERCADO LA PALOMA SEEKS TO CREATE BUSINESS OWNERSHIP OPPORTUNITIES AND LIVING WAGE JOBS IN OUR COMMUNITY AND TO OFFER NEEDED GOODS, SERVICES, AND ESSENTIAL SOCIAL SERVICES. 4 4 0 0 1675 5876 725736 792221 2 2 0 727413 798099 0 0 0 0 9689 1146693 1411103 1146693 1411103 -419280 -613004 6257906 6115095 9428557 9898750 -3170651 -3783655 BY PROVIDING AFFORDABLE RETAIL OPPORTUNITIES, TECHNICAL ASSISTANCE, START-UP CAPITAL AND SUPPORT, MERCADO LA PALOMA SEEKS TO CREATE BUSINESS OWNERSHIP OPPORTUNITIES AND LIVING WAGE JOBS IN OUR COMMUNITY AND TO OFFER NEEDED GOODS, SERVICES, AND ESSENTIAL SERVICES TO RESIDENTS AND EMPLOYEES WHO RETAIN SPENDING IN OUR NEIGHBORHOOD. BY HOSTING ART EXHIBITS, MUSIC AND DANCE PERFORMANCES, SPOKEN WORD, FILM SHOWINGS AND OTHER EVENTS MERCADO LA PALOMA SEEKS TO SUPPORT AND SHOWCASE LOCAL ARTISTS, PROVIDE HIGH QUALITY ART AND CULTURAL OPPORTUNITIES FOR OUR COMMUNITY AND IMPART THE UNIQUE HERITAGE OF THE AREAS RESIDENTS THROUGH THE NON-PROFIT OFFICES AND OUR AFFORDABLE MEETING ROOM THAT HOSTS A WIDE RANGE OF COMMUNITY MEETINGS, EVENTS AND CLASSES. BY CREATING A WARM AND WELCOMING GATHERING SPACE FULL OF GUESTS FROM ALL WALKS OF LIFE AND OPEN TO THEIR IDEAS AND SUGGESTIONS, MERCADO LA PALOMA PROVIDES OPPORTUNITIES FOR EMPOWERMENT, ENJOYMENT AND CONNECTION STRENGTHENING EXISTING SOCIAL TIES AND CRE false false 1385639 792221 Operating and maintaining a neighborhood marketplace and office building to serve tenants of seven (7) restaurants, six (6) shops and nine (9) offices as well as a community conference room and day table. Providing tenants with low-cost opportunities to yield services for the low-income community. 1385639 true false false false false false false false false false true false false false true true false true false false false false false false false false false false false false false false false false false false false false false false false false false true false false false true 9 0 true 0 false false false false false false false 0 false false false false false false false X 4 4 false false false false false true false true true false false true true true true true true false false false CA X Nancy Halpern Ibrahim 2137487285 3655 S GRAND AVE 280 LOS ANGELES CA 90007 NANCY HALPERN IBRAHIM President 0.15 40.00 X 0 119865 25298 TAKAO SUZUKI Chairman 0.15 0.58 X X 0 0 0 TAFARAI BAYNE Secretary 0.15 0.00 X X 0 0 0 MARK BILLY Director 0.15 0.00 X 0 0 0 JORGE NUNO Director 0.15 0.00 X 0 0 0 119865 25298 0 false false false 0 5876 5876 RENTAL REVENUE 531110 792221 792221 792221 2 2 0 0 0 0 0 0 0 0 798099 792221 2 X 0 0 0 0 0 0 0 0 0 0 0 0 15775 15775 0 0 0 0 0 0 0 0 0 0 0 0 97971 97971 0 0 0 WAGE REIMBURSEMENTS 414825 414825 UTILITIES 293043 293043 REPAIRS AND MAINTENANCE 259778 259778 DEPRECIATION 161763 161763 167948 158259 9689 1411103 1385639 15775 9689 97322 130774 1080 1080 0 79806 41110 0 0 0 0 2328 10297 7463081 1534530 6077370 5928551 0 0 0 0 3283 6257906 6115095 29320 54040 9399237 9844710 9428557 9898750 X -3170651 -3783655 -3170651 -3783655 6257906 6115095 -613004 X false true X true false X X X 1 ESPERANZA COMMUNITY HOUSING CORP 954230345 7 true 0 0 1 0 true false false false false false false false false false false false false false false true false 985660 985660 6477421 1534530 4942891 5928551 ACCRUED INTEREST 305127 DUE TO AFFILATE 7824000 DUE TO AFFILIATE 1660189 TENANT SECURITY DEPOSITS 55394 9844710 X Part X : FIN48 Footnote PART X,LINE 2: MERCADO LA PALOMA INC. IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE"), AND IS EXEMPT FROM STATE INCOME TAXES UNDER THE COMPARABLE STATE TAX CODE, AS CHARITABLE ORGANIZATIONS WHEREBY ONLY UNRELATED INCOME, AS DEFINED BY SECTION 512(A)(1) OF THE CODE, IS SUBJECT TO FEDERAL INCOME TAX. THIS ENTITY FILES AN EXEMPT ORGANIZATION RETURN IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF CALIFORNIA. THE ORGANIZATION FOLLOWS THE ACCOUNTING STANDARD FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THE GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR FINANICAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE ORGANIZATION FOR UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2024. Form 990, Part VI, Section B, Line 11b EXECUTIVE DIRECTOR REVIEWS FORM 990 TO ENSURE IT IS COMPLETE AND CORRECT. THEN THE FORM 990 IS FORWARDED TO THE BOARD OF DIRECTORS TO REVIEW AND APPROVE PRIOR TO FILING Form 990, Part VI, Section B, Line 12c ANNUALLY EACH DIRECTOR, OFFICER EMPLOYEE AND VOLUNTEER SHALL COMPLETE A DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS, OR CIRCUMSTANCES IN WHICH THEY BELIEVE EXIST A CONFLICT OF INTEREST. BOARD MEMBERS ALSO REGULARLY RECEIVE EMAILS, AND MATTERS ARE DISCUSSED IN MEETINGS. Form 990, Part VI, Section C, Line 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part IX, Line 24e OFFICE SUPPLIES: Column (A) - Total = $1192; Column (B) - Program Services = $1192; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e PAYROLL PROCESSING: Column (A) - Total = $1990; Column (B) - Program Services = $1990; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e PROPERTY MANAGEMENT: Column (A) - Total = $35866; Column (B) - Program Services = $35866; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e PROPERTY TAXES AND INSURANCE: Column (A) - Total = $74733; Column (B) - Program Services = $74733; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e SECURITY: Column (A) - Total = $38669; Column (B) - Program Services = $38669; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e SPECIAL EVENTS: Column (A) - Total = $9689; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $9689 Form 990, Part IX, Line 24e TAXES, PERMITS AND LICENSES: Column (A) - Total = $1238; Column (B) - Program Services = $1238; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e TELEPHONE & INTERNET: Column (A) - Total = $4571; Column (B) - Program Services = $4571; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Statement Note 1 The audit is currently in process and is not yet available as of date of the filing of the return. Therefore, the financials used to prepare this return ARE unaudited. ESPERANZA COMMUNITY HOUSING CORPORATION 3655 SOUTH GRAND AVENUE 280 LOS ANGELES CA 90007 954230345 LOW INC HOUSING, ECON DEV, HLTH AND ED CA 501(C)(3) 7 NA false false false false false true false false false false true false false true true true true false false false