Overview
What is Alma Financial Assistance Corp?
Alma Financial Assistance Corp is a nonprofit organization situated in Deerfield Beach, Florida, specifically at 1761 W Hillsboro Blvd 103. Their primary mission is to educate and provide financial counseling services to the public, aiming to improve individuals' understanding of budgeting, consumer practices, and debt management in Puerto Rico. Despite the challenges posed by the 2020 pandemic, Alma continued its operations by offering educational materials on their website, which were accessed by 2,736 new users during the 2021-2022 period. Additionally, they provided financial counseling services to 1,150 consumers through telephone contacts during the same period. Alma signed a three-year cooperation agreement with the Department of Education of Puerto Rico in 2021 to continue offering free financial education to the public high school system in Puerto Rico. However, the pandemic restrictions prevented Alma from conducting in-person workshops and seminars, as planned in the agreement. Alma's services are available to a wide range of financially distressed consumers, including negotiating with creditors to arrange repayment programs.
Official website here: www.almafinancial.com
Is Alma Financial Assistance Corp legitimate?
Alma Financial Assistance Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alma Financial Assistance Corp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $265,440
Professional Fundraising Fees: $0
Other Salaries and Wages: $326,402
For more financial information, click here
Official website here: www.almafinancial.com
What is the mission statement of Alma Financial Assistance Corp?
Alma Financial Assistance Corp's mission is centered around educating individuals in Puerto Rico on financial management, specifically consumer budgeting and debt management. Their goal is to enhance the public's understanding of financial issues and equip them with the skills to address these challenges effectively. The organization also provides debt counseling services, working closely with creditors to establish repayment programs for financially distressed consumers.
Official website here: www.almafinancial.com
Who is the CEO of Alma Financial Assistance Corp?
Alberto Larrea is the Finance Director of Alma Financial Assistance Corp.
Official website here: www.almafinancial.com
What is the revenue of Alma Financial Assistance Corp?
Alma Financial Assistance Corp's revenue in 2022 was $761,121.
Official website here: www.almafinancial.com
Who are the executives of Alma Financial Assistance Corp and what are their salaries?
The average compensation at Alma Financial Assistance Corp during 2022 was $53,804. There are 11 employees at Alma Financial Assistance Corp.
Here are 4 key members and their salaries:
- Alberto Larrea (Pres. Executive Director)
- Ruben Sandoval (Finance Director)
- Marilyn Lopez De Victoria (Director)
- Maria E Rios (Director)
Official website here: www.almafinancial.com
Where can I find the form 990 for Alma Financial Assistance Corp?
The Alma Financial Assistance Corp’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.almafinancial.com
Learn more at the official website: www.almafinancial.com
Mission Statement of Alma Financial Assistance Corp
Alma Financial Assistance Corp, a nonprofit organization, is dedicated to serving the people of Puerto Rico by offering educational resources and debt counseling services. Their primary mission is to enhance the financial literacy of their participants and the wider public, focusing on budgeting, consumer buying habits, and managing debt. By improving individuals' understanding of their financial struggles, Alma Financial Assistance Corp empowers them to devise strategies to address these issues effectively. Additionally, the organization offers debt counseling services to financially distressed consumers, engaging in negotiations with creditors to establish repayment plans. This approach aims to provide a viable solution for individuals seeking to overcome their financial challenges.
Impact
This information is meant to be a general summary of Alma Financial Assistance Corp. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Alma Financial Assistance Corp's impact can be seen in its commitment to providing education on consumer budgeting, consumer buying practices, and managing consumer debt to the community in Puerto Rico. Despite the disruptions caused by the 2020 pandemic outbreak, Alma Financial Assistance Corp signed a three-year cooperation agreement with the Department of Education of Puerto Rico to offer free financial education in public high schools.
During the 2021-2022 period, the corporation adapted to the ongoing restrictions by providing educational materials on its website and conducting counseling sessions via telephone with consumers. This approach enabled Alma to reach 2,736 new users through its website educational materials and provide financial counseling services to 1,150 consumers over the phone.
Through its mission to improve individuals' understanding of financial problems and assist them in addressing those issues, Alma Financial Assistance Corp plays a crucial role in empowering the community to better manage their finances and navigate through challenging economic circumstances.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE FEES
Revenue
$612,495
FAIRSHARE
Revenue
$128,573
ENROLLMENT FEES
Revenue
$20,053
Organization Details
Founding Year
2004
Phone
(954) 421-9506
Principal Officer
Alberto Larrea
Main Address
1761 W HILLSBORO BLVD 103, DEERFIELD BEACH, FL, 33442
Website
www.almafinancial.com
NTEE Category
Code: P51 - Human services
If you are a representative of Alma Financial Assistance Corp and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.