ALMA FINANCIAL ASSISTANCE CORP
1761 W HILLSBORO BLVD 103, DEERFIELD BEACH, FL 33442 www.almafinancial.com

Total Revenue
$1,303,018
Total Expenses
$1,297,751
Net Assets
$126,379

Organizations Filed Purposes: 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.

CREDIT COUNSELING SERVICES

ALMA PROVIDES ITS SERVICES EXCLUSIVELY TO THE COMMUNITY OF THE COMMONWEALTH OF PUERTO RICO. SINCE FEBRUARY OF 2020, THE WORLDWIDE SPREAD OF THE DEADLY CORONA VIRUS SEVERELY IMPACTED THE COUNTRY AS A WHOLE AS WELL AS OUR DAILY WAY OF LIFE. MEASURES TAKEN BY THE LOCAL, STATE AND FEDERAL AUTHORITIES TO SLOW THE SPREAD OF THE DEADLY DISEASE AMONG THE POPULATION OF THIS COUNTRY, INCLUDING PUERTO RICO, SUCH AS STAY AT HOME ORDERS, CLOSURES OF BUSINESS AND OPERATIONS THROUGHOUT THE COUNTRY, CURFEWS, AMONG OTHERS, DISRUPTED OUR DAILY WAY OF LIFE AND HAVE SEVERELY RESTRICTED THE ABILITY OF ALMA FINANCIAL ASSISTANCE CORP. TO PERFORM ITS IN PERSON EDUCATIONAL AND COMMUNITY ACTIVITIES IN PUERTO RICO AS BEFORE THE PANDEMIC HIT THIS COUNTRY. DURING THE FIRST HALF OF THE FISCAL YEAR, PRIOR TO THE START OF THE PANDEMIC, ALMA'S EDUCATIONAL ACTIVITIES IN PUERTO RICO WERE ALSO AFFECTED BY HURRICANE DORIAN, AND EARTHQUAKES HAPPENING IN PUERTO RICO DURING JANUARY OF 2020. DURING THE FISCAL YEAR, EDUCATIONAL ACTIVITIES WERE CONDUCTED FOR THE PUBLIC, EMPLOYEES AND STAFF, IN HOTEL CONDADO VANDERBILT IN SAN JUAN, THE PARENTS ASSOCIATION OF THE GIRLS AND BOYS SCOUTS CLUB IN CAROLINA, EDUCATIONAL FAIR AT HOTEL EL CONVENTO IN OLD SAN JUAN, EDUCATIONAL FAIR FOR JETBLUE EMPLOYEES AND STAFF AT THE INTERNATIONAL AIRPORT LUIS MUNOZ MARIN, HEALTH FAIR AT EL CONVENTO HOTEL IN SAN JUAN, WORKSHOP FOR EMPLOYEES AND STAFF AT COURTYARD HOTEL IN SAN JUAN, WORKSHOP FOR EMPLOYEES OF THE OFFICE OF LEGISLATIVE SERVICES OF THE CONGRESS IN SAN JUAN.EDUCATIONAL PROGRAMS WITH THE DEPARTMENT OF EDUCATION OF PUERTO RICO PROVIDING SEMINARS AND WORKSHOPS TO STUDENTS, TEACHERS AND SCHOOL STAFF, WERE CONDUCTED AT ESCUELA SUPERIOR REPUBLICA DE PERU IN SAN JUAN, SCHOOL SALVADOR BRAU IN CAROLINA, SCHOOL MARIA SOCORRO LACOT IN GUAYAMA. APPROXIMATELY 110 STUDENTS, TEACHERS AND STAFF MEMBERS OF THESE SCHOOLS ATTENDED ALMA'S SEMINARS DURING THE SCHOOL YEAR. DURING THIS PERIOD 3,375 CUSTOMERS VISITED THE EDUCATIONAL MATERIALS IN ALMA'S WEB SITE, IN ADDITION TO 1,230 CUSTOMERS THAT CONTACTED ALMA BY PHONE.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Alberto LarreaPRES. EXECUTIVE DIRECTOR40$161,661
Ruben SandovalFINANCE DIRECTOR40$129,594
Maria E RiosDIRECTOR1$0
Marilyn Lopez De VictoriaDIRECTOR1$0

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