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Nonprofit · EIN 47-0863848

ALMA FINANCIAL ASSISTANCE CORP

Tax-exempt · DEERFIELD BCH, FL 33442

Financials

$396K$382K2022
Revenue Expenses · by fiscal year end
Financials of ALMA FINANCIAL ASSISTANCE CORP by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2023990$396,022$381,985$14,037$43,343$14,618$28,725
Financial details: 990 for the year ended June 30, 2023

Revenue

Contributions, gifts and grants
$0
Program service revenue
$396,022
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$76,322
Other salaries and wages
$143,757
Salaries, compensation and benefits (total)
$237,245
Professional fundraising fees
$0
Legal fees
$5,940
Accounting fees
$2,445
Occupancy
$24,745
Program services (functional)
$329,137
Management and general (functional)
$52,848

Balance sheet and other

Total assets, start of year
$167,085
Total assets, end of year
$43,343
Total liabilities, end of year
$14,618
Net assets, end of year
$28,725
Net assets without donor restrictions
$28,725
Gross receipts
$396,022
Employees
12
Volunteers
0
Year formed
2004
State of legal domicile
LA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2023, highest compensation first.

NameTitleHours / weekCompensation
ALBERTO LARREAPRES. EXECUTIVE DIRECTOR
Trustee or director, Officer
40$105,712
RUBEN SANDOVALFINANCE DIRECTOR
Trustee or director, Officer
40$82,312
MARILYN LOPEZ DE VICTORIADIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
1761 W HILLSBORO BLVD STE 103, DEERFIELD BCH, FL 33442-1502
Principal officer (990 for 2022)
ALBERTO LARREA, 1761 W HILLSBORO BLVD 103, DEERFIELD BEACH, FL 33442
Signed the 990
ALBERTO LARREA, EXECUTIVE DIRECTOR
Phone
(954) 421-9506
Return prepared by
CBIZ MHM OF FLORIDA LLC

Mission

ALMA'S MISSION IS TO PROVIDE PARTICIPANTS AND THE GENERAL PUBLIC OF PUERTO RICO WITH EDUCATION ON CONSUMER BUDGETING, CONSUMER BUYING PRACTICES AND MANAGING CONSUMER DEBT TO IMPROVE THE INDIVIDUAL'S UNDERSTANDING OF THEIR FINANCIAL PROBLEMS AND TO IMPROVE THEIR ABILITY TO ADDRESS THOSE PROBLEMS, AND TO PROVIDE DEBT COUNSELING SERVICES FOR FINANCIAL DISTRESSED CONSUMERS, INCLUDING BUT NOT LIMITED TO NEGOTIATING WITH CREDITORS TO ARRANGE FOR REPAYMENT PROGRAMS.

990 for the year ended June 30, 2023

Program accomplishments

  • DURING FISCAL YEAR 2022-2023, THE EFFECTS OF THE 2020 PANDEMIC OUTBREAK CONTINUED TO HAVE A DISRUPTIVE EFFECT ON THE COMMUNITY ACTIVITIES OF THE CORPORATION IN PUERTO RICO. TO COPE WITH THE RESTRICTIONS THAT WERE PUT IN PLACE DURING THE PANDEMIC AND THERE ON, FOLLOWING THE PANDEMIC THE CORPORATION CHANGED ITS COMMUNITY OUTREACH FROM IN PERSON COMMUNITY FINANCIAL EDUCATIONAL ACTIVITIES SUCH AS WORKSHOPS, SEMINARS, CLASSES, TO PROVIDING ITS FINANCIAL EDUCATION ON LINE, THROUGH EDUCATIONAL MATERIALS. THE CORPORATION HAS MADE AVAILABLE FREE EDUCATIONAL MATERIALS TO THE CONSUMERS IN PUERTO RICO THROUGH ITS WEBSITE, AND VIDEOS PLACED IN SOCIAL MEDIA. INDIVIDUAL CONSUMER COUNSELING SESSIONS HAVE BEEN MAINLY PROVIDED THROUGH TELEPHONE SESSIONS AND VIDEO CONFERENCES, TO THE CONSUMERS THAT HAVE CONTACTED THE CORPORATION FOR HELP WITH THEIR FINANCIAL SITUATIONS. ALMA'S WEBSITE EDUCATIONAL MATERIALS HAVE BEEN ACCESSED BY 1,011 NEW USERS DURING THE 2022-2023 PERIOD AND IT HAS PROVIDED FINANCIAL COUNSELING SERVICES BY TELEPHONE TO 810 CONSUMERS DURING THE SAME PERIOD.
    Expenses $329,137 · revenue $396,022

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025Not on file
2023June 30, 2024November 15, 2024Not on file

IRS record

EIN
47-0863848
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2002
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P51)
Assets (IRS master file)
$43,343
Income (IRS master file)
$396,022

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2023$396,022$381,985$43,343XML
990June 2022$761,121$884,313$167,085IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-0863848).

Questions about ALMA FINANCIAL ASSISTANCE CORP

What is the EIN of ALMA FINANCIAL ASSISTANCE CORP?
The employer identification number (EIN) of ALMA FINANCIAL ASSISTANCE CORP is 47-0863848.
Is ALMA FINANCIAL ASSISTANCE CORP tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
Are donations to ALMA FINANCIAL ASSISTANCE CORP tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ALMA FINANCIAL ASSISTANCE CORP file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of ALMA FINANCIAL ASSISTANCE CORP due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ALMA FINANCIAL ASSISTANCE CORP last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2023.
Who is the principal officer of ALMA FINANCIAL ASSISTANCE CORP?
The 990 for the year ended June 30, 2023 names ALBERTO LARREA.
Who are the officers and directors of ALMA FINANCIAL ASSISTANCE CORP?
The 990 for the year ended June 30, 2023 lists 3 people; 2 received compensation from the organization, the highest $105,712 (ALBERTO LARREA, PRES. EXECUTIVE DIRECTOR).
How much revenue does ALMA FINANCIAL ASSISTANCE CORP have?
On its 990 for the year ended June 30, 2023 it reported revenue of $396,022, expenses of $381,985 and total assets of $43,343 at year end.

Other nonprofits in DEERFIELD BCH

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