2021-11-15T12:21:10-06:00 2020-12-31 221478099 COHNREZNICK LLP 400 CAPITOL MALL SUITE 1200 SACRAMENTO CA 95814 990 2020-01-01 954531076 EAST LA COMMUNITY CORPORATION EAST 3232694214 2917 EAST 1ST STREET NO 101 LOS ANGELES CA 90033 ADALIA RODRIGUEZ COO 3232694214 2021-11-12 1 ADALIA RODRIGUEZ 999009999 LISA M CUMMINGS CPA P00043433 9164429100 2021-11-12 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z ADALIA RODRIGUEZ 2917 EAST 1ST STREET NO 101 LOS ANGELES CA 90033 6864655 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 58 75 0 0 4272376 2652767 3037974 4266794 126114 105858 293242 -160764 7729706 6864655 550 5500 0 0 3072222 1743919 0 0 266296 2125411 2439720 5198183 4189139 2531523 2675516 28837835 27685925 13741032 10502578 15096803 17183347 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 3347284 5500 4106030 COMMUNITY ORGANIZING:1. GRADUATED 19 COMMUNITY MEMBERS FROM ELACC'S LEADERSHIP ACADEMY PROGRAM AND LAUNCHED FIRST ANNUAL ORGANIZING SCHOOL WITH 35 PARTICIPANTS.2. STRENGTHENED BASE-BUILDING ACTIVITIES BY ESTABLISHING STREET VENDOR LEADERSHIP COMMITTEE WITH REPRESENTATION FROM BOYLE HEIGHTS, SOUTH LA, DOWNTOWN LA, MCARTHUR PARK, AND SAN FERNANDO VALLEY.3. SUPPORTED IN PASSING STATE LEGISLATION SB946 TO DECRIMINALIZE STREET VENDING AND LA CITY LAW TO LEGALIZE STREET VENDING.4. ENGAGED 100 COMMUNITY MEMBERS TO BETTER UNDERSTAND LA COUNTY METRO'S TRANSIT ORIENTED COMMUNITIES PROGRAM.5. RECRUITED NEW MEMBERS FOR INTEGRATION INTO OUR HOUSING JUSTICE WORK. COMMUNITY WEALTH:1. THROUGH VITA, FILED MORE THAN 586 FREE TAX RETURNS FOR LOW-INCOME HOUSEHOLDS, RETURNING $580,652 OF REFUNDS BACK TO THE COMMUNITY AND HOUSEHOLD SAVINGS ON TAX RETURNS OF $87,900.2. SERVED FINANCIAL EDUCATION WORKSHOPS FOR 500 PARTICIPANTS AND FINANCIAL COACHING FOR 132 CLIENTS. 3. LENDING CIRCLES SAVINGS PROGRAM WITH 56 PARTICIPANTS THAT SAVED $50,500.4. THROUGH OUR HOMEBUYER EDUCATION AND COUNSELING, PREPARED 175 FUTURE HOMEOWNERS IN FIRST TIME HOMEBUYER EDUCATION AND ONE-ON-ONE PRE-PURCHASE COUNSELING. 10 CLIENTS PURCHASED A HOME. WE SERVED 36 CLIENTS IN FORECLOSURE PREVENTION COUNSELING. 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. 3347284 1 1 0 0 0 0 0 0 0 0 1 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 58 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 THE ORGANIZATION 3232694214 2917 EAST 1ST STREET NO 101 LOS ANGELES CA 90033 AARON ELSTER BOARD MEMBER 0.10 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 GUILLERMINA QUEZADA OUTGOING BOARD MEMBER 1.00 X 0 0 0 LETICIA ANDRADE OUTGOING BOARD MEMBER 1.00 X 0 0 0 MANUEL BERNAL VICE CHAIR 1.00 X X 0 0 0 MERCEDES O MARTIN SECRETARY 1.00 X X 0 0 0 ROBERTO VIRAMONTES BOARD MEMBER 0.10 X 0 0 0 SARAH YUN BOARD MEMBER 0.10 X 0 0 0 ADALIA RODRIGUEZ VP OF HUMAN CAPITAL & COO 40.00 X 124057 0 0 ERNESTO ESPINOSA VP OF COMMUNITY CAPITAL 40.00 X 111271 0 0 235328 0 0 2 0 0 0 0 1311161 1341606 2652767 DEVELOPER FEES 531390 3148866 3148866 NET TENANT RENTS 531110 806375 806375 MANAGEMENT FEES 531390 214183 214183 TENANT SERVICE FEES 531390 97370 97370 4266794 105858 105858 MISC INCOME 531110 72122 72122 PARTNERSHIP LOSSES 531110 -232886 -232886 -160764 6864655 4106030 0 105858 X 5500 5500 124057 102827 10826 10404 1300264 1077736 113466 109062 14499 11755 1391 1353 186006 151420 17095 17491 119093 101657 6503 10933 82492 71913 10579 152605 129560 20198 2847 1024364 695056 268488 60820 1715 1715 108552 55572 9723 43257 127009 61932 65077 7089 5001 1952 136 8944 7855 1089 82783 82783 123426 123426 134644 102069 32575 PROGRAM SERVICES 332799 332799 MISC EXPENSES 95816 82638 3185 9993 REPAIRS & MAINTENANCE 76869 76869 DUES & SUBSCRIPTIONS 66620 56627 9993 13993 12289 1704 4189139 3347284 575559 266296 1640794 1382533 418952 419279 923970 598935 1299780 2050933 5317613 6338787 370163 379156 11546858 2330873 12488611 9215985 4944695 3336815 1433257 3963502 28837835 27685925 280139 853949 11829 11829 2811557 864069 10637507 8772731 13741032 10502578 X 15096803 11245436 5937911 15096803 17183347 28837835 27685925 2675516 -588972 0 X X 0 1 X 1 0 X 2216713 409723 4951916 4272376 2652767 14503495 2430934 175603 2397508 3331216 4338916 12674177 4647647 585326 7349424 7603592 6991683 27177672 0 0 0 27177672 4685 3911 111069 126014 105858 351537 4685 3911 111069 126014 105858 351537 4652332 589237 7460493 7729606 7097541 27529209 0.98720 0.98970 0.01280 0.01030 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4346305 4346305 5378066 1720881 3657185 345022 361538 -16516 393087 248454 144633 1084378 1084378 9215985 INVESTMENTS IN CUATRO VIENTOS LP 1052805 C INVESTMENT IN LAS MARGARITAS LP 910597 C INVESTMENT IN LAS FLORES LP 49724 C INVESTMENT IN LORENA LP -271429 C INVESTMENT IN BOYLE HOTEL LP 61010 C INVESTMENT IN SOL Y LUNA LP -479 C INVESTMENT IN BESWICK SENIOR APTS LP -67 C INVESTMENT IN WHITTIER PSH LP -16 C INVESTMENT IN LOS GIRASOLES LP -175 C INVESTMENT IN CAMINO DE LOS ARBOLITOS LP 45 C INVESTMENT IN VISTA DUNES LP -54582 C INVESTMENT IN LINDA VISTA PHASE I LP 89 C INVESTMENT IN CIELITO LINDO APARTMENTS LP -319 C INVESTMENT IN LINDA VISTA PHASE II LP -305 C INVESTMENT IN CIELITO LINDO PHASE II LP 13 C INVESTMENT IN SV SENIOR VETERANS 29999 C INVESTMENT IN CORE, LLC 584551 C INVESTMENT IN CORE LEVERAGE LENDER, LLC 625154 C INVESTMENT IN 1ST & ROWAN APARTMENTS, LLC 350000 C INVESTMENT IN ROSA DE CASTILLO 100 C INVESTMENT IN WHITTIER PSH PHASE II LLC 100 C 3336815 DEVELOPER FEE RECEIVABLES 3516397 RESTRICTED CASH 447105 3963502 DUE TO RELATED PARTY 8656285 TENANT SECURITY DEPOSITS 89206 PPP LOAN PAYABLE 27240 8772731 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, 2020. THE COMPANY'S FEDERAL AND STATE INCOME TAX RETURNS PRIOR TO 2017 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. 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 507,509. MANAGEMENT AND GENERAL EXPENSES 90,705. FUNDRAISING EXPENSES 33,734. TOTAL EXPENSES 631,948. COMPUTER MAINTENANCE CONTRACT: PROGRAM SERVICE EXPENSES 29,528. MANAGEMENT AND GENERAL EXPENSES 82,591. FUNDRAISING EXPENSES 3,199. TOTAL EXPENSES 115,318. OUTSIDE SERVICES: PROGRAM SERVICE EXPENSES 24,566. MANAGEMENT AND GENERAL EXPENSES 95,192. FUNDRAISING EXPENSES 23,887. TOTAL EXPENSES 143,645. REPAIRS CONTRACT: PROGRAM SERVICE EXPENSES 74,076. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 74,076. JANITORIAL CONTRACT: PROGRAM SERVICE EXPENSES 52,172. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 52,172. PEST CONTROL CONTRACT: PROGRAM SERVICE EXPENSES 7,205. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,205. 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. 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 LAS CASITAS HOUSING VENTURES LLC 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 651171689 AFFORDABLE HOUSING CA 0 119145 EAST LA COMMUNITY CORPORATION AMCAL HOLLENBECK FUND LP 30141 AGOURA ROAD SUITE 100 AGOURA HILLS CA 91303 272495493 AFFORDABLE HOUSING CA N/A RELATED -74 153077 0 1 0.00010 AMCAL LINDA VISTA FUND LP 30141 AGOURA ROAD SUITE 100 AGOURA HILLS CA 91303 272495547 AFFORDABLE HOUSING CA N/A RELATED -11 119362 0 1 0.00010 BESWICK SENIOR APARTMENTS LLC 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 462124348 AFFORDABLE HOUSING CA N/A 0 0 BESWICK SENIOR APARTMENTS LP 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 460894182 AFFORDABLE HOUSING CA N/A RELATED -30 204896 0 1 0.00010 BOYLE HOTEL LP 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 263749286 AFFORDABLE HOUSING CA N/A RELATED -119 2508247 0 1 0.00010 CAMINO DE LAS FLORES LP 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 680435835 AFFORDABLE HOUSING CA N/A RELATED -15 68601 0 1 0.00010 CAMINO DE LOS ARBOLITOS LP 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 320014530 AFFORDABLE HOUSING CA N/A RELATED 16 145161 0 1 0.00010 CIELITO LINDO APARTMENTS PHASE II LP 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 822843363 AFFORDABLE HOUSING CA N/A RELATED -100 2746063 0 1 0.00010 CIELITO LINDO APARTMENTS LP 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 472967569 AFFORDABLE HOUSING CA N/A RELATED 1412255 0 1 0.00010 LAS MARGARITAS LP 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 680484976 AFFORDABLE HOUSING CA N/A RELATED -67 2528165 0 1 0.00010 LORENA TERRACE LP 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 330768272 AFFORDABLE HOUSING CA N/A RELATED -11321 3412223 0 1 0.30000 LOS CUANTRO VIENTOS LP 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 270025356 AFFORDABLE HOUSING CA N/A RELATED -44 2108919 0 1 0.00010 LOS GIRASOLES LP 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 911843563 AFFORDABLE HOUSING CA N/A RELATED 32509 0 1 0.00010 SOL Y LUNA LP 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 954555428 AFFORDABLE HOUSING CA N/A RELATED 3544241 0 1 0.00010 SUN VALLEY SENIOR VETERANS LLC 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 331176564 AFFORDABLE HOUSING CA N/A 0 1 SUN VALLEY SENIOR VETERANS LP 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 810741380 AFFORDABLE HOUSING CA N/A RELATED -127 3623959 0 1 0.00010 VISTA DUNES GP LLC 9421 HAVEN AVENUE RANCHO CUCAMONGA CA 91730 261290963 AFFORDABLE HOUSING CA N/A RELATED -405 20048 0 0 0.25000 WHITTIER PSH LP 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 202727446 AFFORDABLE HOUSING CA N/A RELATED 11 152505 0 1 0.00010 0 1 0 1 0 0 1 0 0 0 1 1 0 1 0 1 1 0 0