Business Development
Training and technical assistance programs helping Hispanic entrepreneurs build sustainable and competitive businesses
Supports Hispanic business growth through training, technical assistance, and statewide economic development programs in Arizona
About Organization
Arizona Hispanic Chamber Of Commerce provides training and technical assistance to support economic and business development efforts across Arizona. Based in Phoenix, AZ, the organization has been operating since 1991 and reported $2.6 million in revenue with 18 volunteers in 2024. The chamber serves Hispanic-owned businesses and entrepreneurs through educational programs, networking opportunities, and advocacy initiatives.
Business Development
Training and technical assistance programs helping Hispanic entrepreneurs build sustainable and competitive businesses
Economic Growth
Statewide initiatives connecting businesses to capital, contracts, and strategic partnerships for regional economic impact
Community Advocacy
Representation and policy engagement advancing economic opportunities for Hispanic business owners across Arizona
Form 990 data showing organizational financial health and growth.
Revenue (2024)
$2.6M
+25.9% vs 2023
Expenses (2024)
$2.6M
+35% vs 2023
Assets (2024)
$1.8M
-10.1% vs 2023
| Year | Revenue | Expenses | Assets | Employees |
|---|---|---|---|---|
| 2024 | $2,609,033 | $2,602,278 | $1,772,268 | 0 |
| 2023 | $2,072,139 | $1,927,846 | $1,970,882 | 0 |
| 2022 | $1,741,555 | $1,650,048 | $1,905,039 | 0 |
| 2020 | $1,400,954 | $1,477,748 | $1,333,537 | 0 |
| 2019 | $725,186 | $877,818 | $1,015,817 | 30 |
| 2018 | $826,273 | $942,758 | $1,578,175 | 26 |
Source: IRS Form 990 filings. All figures in USD.
Evaluate the specific challenges and opportunities facing Hispanic-owned businesses seeking growth
Provide targeted workshops and educational programs addressing business management and development skills
Link businesses with capital access, networking opportunities, and strategic partnership programs
Offer ongoing technical assistance and advocacy to ensure long-term business success and economic impact
Services and programs offered by Arizona Hispanic Chamber Of Commerce
Technical assistance and skill development workshops for Hispanic entrepreneurs and business owners across Arizona
Specialized business acceleration initiative supporting Hispanic-owned enterprises through mentorship and resources
Collaborative economic development program connecting businesses with networking opportunities and strategic partnerships
Minority Business Development Agency center providing consulting services and access to capital for minority-owned businesses
Meet the people behind Arizona Hispanic Chamber Of Commerce.
1991
1991
Arizona Hispanic Chamber Of Commerce established to support Hispanic business development
2019
2019
Organization grew to 30 employees as programs expanded statewide
2022
2022
Revenue reached $1.7 million reflecting increased program participation and impact
2024
2024
Revenue surpassed $2.6 million marking 50% growth over two years
Board members, advisors, and key contributors
Information compiled from IRS Form 990 and organizational materials.
Top compensated officers & key employees from IRS Form 990
Total Reported (2024)
$40K
Highest Paid
$20K
Monica Villalobos
Compensated Officers
3
| Name | Title | Base | Other | Total | Hrs/Wk |
|---|---|---|---|---|---|
| Monica Villalobos | President/CEO | $0 | $20,000 | $20,000 | 5 |
| Alika Kumar | Mbda Center Executive Director | $0 | $10,284 | $10,284 | 40 |
| Carlos Valdivia | Vice President - Administration And Finance | $0 | $9,876 | $9,876 | 5 |
| Name | Title | Base | Other | Total | Hrs/Wk |
|---|---|---|---|---|---|
| Monica Villalobos | President/CEO | $0 | $18,300 | $18,300 | 5 |
| Alika Kumar | Executive Director Of Mbda | $0 | $10,616 | $10,616 | 40 |
| Name | Title | Base | Other | Total | Hrs/Wk |
|---|---|---|---|---|---|
| Monica Villalobos | President/CEO | $0 | $11,031 | $11,031 | 5 |
| Alika Kumar | Executive Director Of Mbda | $0 | $7,880 | $7,880 | 40 |
Source: IRS Form 990 filings. Compensation includes base and other reported compensation.
Paycheck Protection Program (2020-2021)
Total Approved
$46K
Total Forgiven
$46K
101% forgiven
Jobs Retained
12
Source: Small Business Administration • Paycheck Protection Program (2020-2021)
Grant funding relationships from IRS Form 990 filings
Source: IRS Form 990 Schedule I filings. Amounts may span multiple tax years.
Get in touch with Arizona Hispanic Chamber Of Commerce