2022-11-15T19:09:03-06:00 2021-12-31 221478099 COHNREZNICK LLP 621 CAPITOL MALL SUITE 2150 SACRAMENTO CA 95814 990 2021-01-01 954531076 EAST LA COMMUNITY CORPORATION EAST 3232694214 2917 EAST 1ST STREET 101 LOS ANGELES CA 90033 ADALIA RODRIGUEZ COO 3232694214 2022-11-15 1 ADALIA RODRIGUEZ 999009999 LISA M CUMMINGS CPA P00043433 9164429100 2022-11-15 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z MONICA MEJIA 2917 EAST 1ST STREET 101 LOS ANGELES CA 90033 8793100 0 X WWW.ELACC.ORG X 1995 CA ELACC'S MISSION IS TO ADVOCATE FOR ECONOMIC AND SOCIAL JUSTICE IN BOYLE HEIGHTS AND EAST LOS ANGELES BY BUILDING GRASSROOTS LEADERSHIP, DEVELOPING AFFORDABLE HOUSING AND NEIGHBORHOOD ASSETS, AND PROVIDING ACCESS TO ECONOMIC DEVELOPMENT OPPORTUNITIES TO LOW AND MODERATE INCOME FAMILIES. 8 8 31 50 0 0 2652767 2973876 4266794 5339047 105858 143577 -160764 336600 6864655 8793100 5500 0 0 0 1743919 1985350 0 0 281577 2439720 3239297 4189139 5224647 2675516 3568453 27685925 30244317 10502578 9823619 17183347 20420698 X ELACC'S MISSION IS TO ADVOCATE FOR ECONOMIC AND SOCIAL JUSTICE IN BOYLE HEIGHTS AND EAST LOS ANGELES BY BUILDING GRASSROOTS LEADERSHIP, DEVELOPING AFFORDABLE HOUSING AND NEIGHBORHOOD ASSETS, AND PROVIDING ACCESS TO ECONOMIC DEVELOPMENT OPPORTUNITIES TO LOW AND MODERATE INCOME FAMILIES. 0 0 4415446 5675647 A. COMMUNITY WEALTH:1. THROUGH VITA, FILED MORE THAN 200 FREE TAX RETURNS FOR LOW-INCOME HOUSEHOLDS.2. SERVED 290 CLIENTS THROUGH FINANCIAL EDUCATION WORKSHOPS AND FINANCIAL COACHING. 3. 55 PARTICIPANTS WERE ENROLLED IN OUR LENDING CIRCLES CREDIT BUILDING PROGRAM.3. THROUGH OUR HOMEBUYER EDUCATION AND COUNSELING, PREPARED FUTURE HOMEOWNERS IN FIRST TIME HOMEBUYER EDUCATION AND ONE-ON-ONE PRE-PURCHASE COUNSELING. B. AFFORDABLE HOUSING:1. MANAGE IN-HOUSE PORTFOLIO OF 60 AFFORDABLE HOUSING UNITS AND 10 COMMERCIAL PROPERTIES. MORE THAN 2,000 INDIVIDUALS HOUSED IN OUR AFFORDABLE HOUSING PORTFOLIO AND 23 SMALL BUSINESSES ARE SERVED IN OUR COMMERCIAL PROPERTY PORTFOLIO.2. ASSET MANAGE LOW INCOME HOUSING TAX CREDIT PROTFOLIO OF 918 AFFORDABLE HOUSING UNITS.3. PROJECT MANAGER 5 NEW AFFORDABLE HOUSING DEVELOPMENTS ASSET AND PROPERTY MANAGEMENT:1. MANAGE IN-HOUSE PORTFOLIO OF 60 AFFORDABLE HOUSING UNITS AND 5 COMMERCIAL PROPERTIES.2. ASSET MANAGE LOW INCOME HOUSING TAX CREDIT PROTFOLIO OF 673 AFFORDABLE HOUSING UNITS. 4415446 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 121 0 1 31 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X MANNY BARRIOS 3232694214 2917 EAST 1ST STREET 101 LOS ANGELES CA 90033 AARON ELSTER BOARD MEMBER 1.00 X 0 0 0 ARACELI SANDOVAL CHAIR 1.00 X X 0 0 0 ARNOLDO ULLOA BOARD MEMBER 1.00 X 0 0 0 DANIEL RODRIGUEZ TREASURER 1.00 X X 0 0 0 MANUEL BERNAL VICE CHAIR 1.00 X X 0 0 0 MERCEDES MARTIN SECRETARY 1.00 X X 0 0 0 ROBERTO VIRAMONTES BOARD MEMBER 1.00 X 0 0 0 SARAH YUN BOARD MEMBER 1.00 X 0 0 0 ADALIA RODRIGUEZ VP OF HUMAN CAPITAL & COO 40.00 X 137003 0 4500 MONICA MEJIA PRESIDENT & CEO 40.00 X 170424 0 8764 JACQUELINE FIGUEROA DIRECTOR, REAL ESTATE DEVELOPMENT 40.00 X 120454 0 6112 427881 0 19376 3 0 1 0 0 1758033 1215843 2973876 INCOME FROM PARTNERSHI 531390 2891859 2891859 NET RENTAL REVENUE 531110 980635 980635 OTHER REVENUE 531390 690853 690853 DEVELOPER FEES 531390 510500 510500 MANAGEMENT FEES 531390 195255 195255 69945 69945 5339047 143577 143577 DEBT FORGIVENESS 900099 336600 336600 336600 8793100 5675647 0 143577 X 320691 265690 27951 27050 1401504 1161650 122301 117553 7487 5979 829 679 124713 102427 10367 11919 130955 111783 7151 12021 12411 10819 1592 247444 210077 32750 4617 595933 391243 172572 32118 9046 9046 139382 70787 15791 52804 192688 112416 80272 39629 25491 13749 389 11514 10112 1402 120537 120537 174169 174169 69159 52427 16732 GRANT EXPENDITURES 995412 995412 PROGRAM SERVICES 309489 309489 COMMUNITY ASSISTANCE PA 180500 155673 6000 18827 REPAIRS & MAINTENANCE 52876 52876 89108 76389 9119 3600 5224647 4415446 527624 281577 1382533 5968551 419279 248380 598935 91381 2050933 1224278 6338787 10792998 379156 431037 11201345 2501382 9215985 8699963 3336815 -467583 3963502 3255312 27685925 30244317 853949 741372 11829 11829 864069 274368 8772731 8796050 10502578 9823619 X 11245436 15383503 5937911 5037195 17183347 20420698 27685925 30244317 3568453 -331102 0 X X 0 1 X 1 0 X 409723 4951916 4272376 2652767 2973876 15260658 175603 2397508 3331216 4338916 5675647 15918890 585326 7349424 7603592 6991683 8649523 31179548 0 0 0 31179548 3911 111069 126014 105858 143577 490429 3911 111069 126014 105858 143577 490429 589237 7460493 7729606 7097541 8793100 31669977 0.98450 0.98720 0.01550 0.01280 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4239886 4239886 5428911 1873158 3555753 345022 345022 0 395092 283202 111890 792434 792434 8699963 DEVELOPER FEE RECEIVABLES 2807341 RESTRICTED CASH 447971 3255312 DUE TO RELATED PARTY 8684505 TENANT SECURITY DEPOSITS 92185 PPP LOAN PAYABLE 19360 8796050 X PART X, LINE 2: THE COMPANY IS TAX EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC") AND SECTION 23701(D) OF THE REVENUE AND TAXATION CODE OF CALIFORNIA. WHILE TAX-EXEMPT ORGANIZATIONS PAY TAX ON UNRELATED BUSINESS INCOME, THE COMPANY HAS REPORTED NO SUCH INCOME. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE COMPANY HAS NO UNRECOGNIZED TAX BENEFITS AT DECEMBER 31, 2021. THE COMPANY'S FEDERAL AND STATE INCOME TAX RETURNS PRIOR TO 2018 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. IF APPLICABLE, THE COMPANY RECOGNIZES INTEREST AND PENALTIES ASSOCIATED WITH TAX MATTERS AS PART OF INCOME TAX EXPENSE AND INCLUDES ACCRUED INTEREST AND PENALTIES WITH ACCRUED EXPENSES IN THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION. X 0 0 0 0 0 0 0 1 0 MONICA MEJIA PRESIDENT & CEO 169583 0 841 0 0 0 5320 0 3444 0 179188 0 0 0 PART I, LINE 3 WHEN RECRUITMENT TAKES PLACE, A SUBCOMMITTEE OF THE BOARD REVIEWS THE JOB DESCRIPTION QUALIFYING CRITERIA AND DETERMINES A SUMMARY RANGE. COMPARISONS OF LIKE POSITIONS AT SIMILAR-SIZED ORGANIZATIONS OCCUR. PART I, LINE 7 INCLUDED IN SCHEDULE J, COLUMN B(II) ARE AMOUNTS REPRESENTING BONUSES. THESE AMOUNTS WERE APPROVED BY THE BOARD OF DIRECTORS AND INCLUDED IN EACH INDIVIDUAL'S 2021 W-2. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE AND THE BOARD REVIEWS THE 990 AT A REGULARLY SCHEDULED MEETING THAT FALLS CLOSE TO WHEN THE DOCUMENT IS SUBMITTED. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS RECEIVE IT AND ARE REMINDED OF IT ANNUALLY. POTENTIAL CONFLICTS OF INTEREST ARE DISCUSSED AND DETAILED AT BIMONTHLY BOARD MEETINGS WITH ACTIONS TAKEN IF SUCH A CONFLICT ARISES OR IS PERCEIVED AS MAY ARISE. FORM 990, PART VI, SECTION B, LINE 15A WHEN RECRUITMENT TAKES PLACE, A SUBCOMMITTEE OF THE BOARD REVIEWS THE JOB DESCRIPTION QUALIFYING CRITERIA AND DETERMINES A SUMMARY RANGE. COMPARISONS OF LIKE POSITIONS AT SIMILAR-SIZED ORGANIZATIONS OCCUR. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION PROVIDES GOVERNING DOCUMENTS, CONFLICT OF INTEREST AND FINANCIAL STATEMENTS WHEN NEEDED IN THE COURSE OF BUSINESS TRANSACTIONS. FORM 990, PART IX, LINE 11G CONSULTANTS: PROGRAM SERVICE EXPENSES 235,683. MANAGEMENT AND GENERAL EXPENSES 42,123. FUNDRAISING EXPENSES 15,666. TOTAL EXPENSES 293,472. COMPUTER MAINTENANCE CONTRACT: PROGRAM SERVICE EXPENSES 27,431. MANAGEMENT AND GENERAL EXPENSES 76,724. FUNDRAISING EXPENSES 2,971. TOTAL EXPENSES 107,126. OUTSIDE SERVICES: PROGRAM SERVICE EXPENSES 13,865. MANAGEMENT AND GENERAL EXPENSES 53,725. FUNDRAISING EXPENSES 13,481. TOTAL EXPENSES 81,071. REPAIRS CONTRACT: PROGRAM SERVICE EXPENSES 71,063. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 71,063. JANITORIAL CONTRACT: PROGRAM SERVICE EXPENSES 37,378. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 37,378. PEST CONTROL CONTRACT: PROGRAM SERVICE EXPENSES 5,823. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,823. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S PROCESSES FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAVE NOT CHANGED FROM THE PREVIOUS YEAR. 443 SOTO LLC 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 842865350 AFFORDABLE HOUSING CA 0 0 EAST LA COMMUNITY CORPORATION BESWICK SENIOR APARTMENTS LLC 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 954531076 AFFORDABLE HOUSING CA 0 0 EAST LA COMMUNITY CORPORATION BOYLE HOTEL LLC 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 263763242 AFFORDABLE HOUSING CA 0 0 EAST LA COMMUNITY CORPORATION CIELITO LINDO APARTMENTS PHASE II LLC 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 999999999 AFFORDABLE HOUSING CA 0 0 EAST LA COMMUNITY CORPORATION CIELITO LINDO APARTMENTS LLC 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 954531076 AFFORDABLE HOUSING CA 0 0 EAST LA COMMUNITY CORPORATION DULCE DIVINO LLC 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 954531076 AFFORDABLE HOUSING CA 0 0 EAST LA COMMUNITY CORPORATION ELACC COMMERCIAL LLC 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 954531076 AFFORDABLE HOUSING CA 0 0 EAST LA COMMUNITY CORPORATION ELACC CONSTRUCTION LLC 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 954531076 AFFORDABLE HOUSING CA 0 0 EAST LA COMMUNITY CORPORATION LAS CASITAS HOUSING VENTURES LLC 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 651171689 AFFORDABLE HOUSING CA 0 0 EAST LA COMMUNITY CORPORATION SUN VALLEY SENIOR VETERANS 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 331176564 AFFORDABLE HOUSING CA 0 0 EAST LA COMMUNITY CORPORATION VALLEJO APARTMENTS LLC 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 954531076 AFFORDABLE HOUSING CA 0 0 EAST LA COMMUNITY CORPORATION WHITTIER PSH PHASE II LLC 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 954531076 AFFORDABLE HOUSING CA 0 0 EAST LA COMMUNITY CORPORATION AMCAL HOLLENBECK FUND LP 30141 AGOURA ROAD SUITE 100 AGOURA HILLS CA 91303 272495493 AFFORDABLE HOUSING CA ELACC RELATED -57 183501 0 1 0.00010 AMCAL LINDA VISTA FUND LP 30141 AGOURA ROAD SUITE 100 AGOURA HILLS CA 91303 272495547 AFFORDABLE HOUSING CA ELACC RELATED -11 139679 0 1 0.00010 BESWICK SENIOR APARTMENTS LP 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 460894182 AFFORDABLE HOUSING CA BESWICK SENIOR APARTMENTS LLC RELATED -16 203847 0 1 0.00010 BOYLE HOTEL LP 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 263749286 AFFORDABLE HOUSING CA ELACC RELATED -85 2524141 0 1 0.00010 CAMINO DE LAS FLORES LP 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 680435835 AFFORDABLE HOUSING CA ELACC RELATED -34287 50956 0 1 0.00010 CAMINO DE LOS ARBOLITOS LP 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 320014530 AFFORDABLE HOUSING CA ELACC RELATED -14 0 1 0.00010 CIELITO LINDO APARTMENTS PHASE II LP 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 822843363 AFFORDABLE HOUSING CA CIELITO LINDO APARTMENTS PHASE II LLC RELATED 2537603 0 1 0.00010 CIELITO LINDO APARTMENTS LP 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 472967569 AFFORDABLE HOUSING CA ELACC RELATED 1412255 0 1 0.00010 COMMUNITY OWNED REAL ESTATE LLC 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 841820010 AFFORDABLE HOUSING CA ELACC RELATED 11878 5907582 0 1 0.55000 LAS MARGARITAS LP 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 680484976 AFFORDABLE HOUSING CA ELACC RELATED -442915 7841611 0 1 0.00010 LORENA TERRACE LP 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 330768272 AFFORDABLE HOUSING CA ELACC RELATED -60461 3417361 0 1 0.30000 LOS CUATRO VIENTOS LP 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 270025356 AFFORDABLE HOUSING CA ELACC RELATED -43 2102349 0 1 0.00010 LOS GIRASOLES LP 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 911843563 AFFORDABLE HOUSING CA ELACC RELATED -8441 0 1 0.00010 SOL Y LUNA LP 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 954555428 AFFORDABLE HOUSING CA ELACC RELATED 3648365 0 1 0.00010 SUN VALLEY SENIOR VETERANS LP 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 810741380 AFFORDABLE HOUSING CA ELACC RELATED -28 2576558 0 1 0.00010 VISTA DUNES GP LLC 9421 HAVEN AVENUE RANCHO CUCAMONGA CA 91730 261290963 AFFORDABLE HOUSING CA ELACC RELATED -76 138376 0 1 0.25000 WHITTIER PSH LP 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 202727446 AFFORDABLE HOUSING CA ELACC RELATED -26 100656 0 1 0.00010 0 0 0 1 1 0 0 0 0 0 1 1 0 1 0 1 1 0 0