2020-12-22T14:07:42-06:00 2019-12-31 221478099 COHNREZNICK LLP 400 CAPITOL MALL SUITE 1200 SACRAMENTO CA 95814 990 2019-01-01 954531076 EAST LA COMMUNITY CORPORATION EAST 3232694214 2917 EAST 1ST STREET NO 101 LOS ANGELES CA 90033 ADALIA RODRIGUEZ COO 3232694214 2020-12-16 1 LISA M CUMMINGS CPA P00043433 9164429100 2020-12-16 2019 2022-09-23 18:48:47Z ADALIA RODRIGUEZ 2917 EAST 1ST STREET NO 101 LOS ANGELES CA 90033 7729706 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. 12 11 51 75 0 0 4951916 4272376 2397508 3037974 111069 126114 0 293242 7460493 7729706 0 550 0 0 2811833 3072222 0 0 350134 2069851 2125411 4881684 5198183 2578809 2531523 40555292 28837835 27983769 13741032 12571523 15096803 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 4202561 550 3331216 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. 4202561 1 1 0 0 0 0 0 0 0 0 1 0 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 0 0 0 1 1 0 0 0 1 153 0 1 51 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 1 1 CA X THE ORGANIZATION 3232694214 2917 EAST 1ST STREET NO 101 LOS ANGELES CA 90033 ALFRED FRAIJO JR CHAIR 1.00 X X 0 0 0 ALFREDO IZMAJTOVICH VICE-CHAIR 1.00 X X 0 0 0 ARACELI SANDOVAL SECRETARY 1.00 X X 0 0 0 ARNOLDO ULLOA BOARD MEMBER 1.00 X 0 0 0 DANIEL RODRIGUEZ BOARD MEMBER 1.00 X 0 0 0 DESOLINA AVILA BOARD MEMBER 0.30 X 0 0 0 FRANCINE FLORES BOARD MEMBER 0.30 X 0 0 0 GUILLERMINA GONZALEZ BOARD MEMBER 1.00 X 0 0 0 ISELA GRACIAN PRESIDENT AND CEO 40.00 X X 125740 0 1185 LETICIA ANDRADE BOARD MEMBER 1.00 X 0 0 0 LYNN HANSEN TREASURER 10.00 X X 0 0 0 MERCEDES O MARTIN BOARD MEMBER 1.00 X 0 0 0 ADALIA RODRIGUEZ VP OF HUMAN CAPITAL & COO 40.00 X 122246 0 0 ERNESTO ESPINOSA VP OF COMMUNITY CAPITAL 40.00 X 122688 0 0 370674 0 1185 3 0 0 0 0 1329515 2942861 4272376 RENTAL INCOME 531110 1106988 1106988 DEVELOPER FEES 531390 765897 765897 OTHER INCOME 900099 754690 754690 MANAGEMENT FEES 531390 167529 167529 TENANT SERVICE FEES 531390 125387 125387 117483 117483 3037974 126114 126114 FLOW-THROUGH INCOME 900099 293242 293242 293242 7729706 3331216 0 126114 X 550 550 249171 206507 21754 20910 2295511 1902656 200316 192539 33844 27438 3248 3158 256762 208162 24637 23963 236934 202247 12938 21749 2055 2055 3000 2615 385 65632 55721 8687 1224 715474 434734 225414 55326 7967 7967 106850 67392 34665 4793 1333 1333 61101 39485 20433 1183 21238 18651 2587 235432 235432 184179 184179 88036 66737 21299 REPAIRS & MAINTENANCE 168212 145455 22757 REAL ESTATE TAX 112630 112630 PROGRAM SERVICES 111347 111347 GRANT EXPENSES 77450 77450 163475 101840 59103 2532 5198183 4202561 645488 350134 1645339 1640794 609697 418952 509211 923970 752551 1299780 3800636 5317613 357356 370163 14706446 2217835 28113992 12488611 2664216 4944695 2102294 1433257 40555292 28837835 373194 280139 633647 11829 9462051 2811557 17514877 10637507 27983769 13741032 X 12571523 15096803 12571523 15096803 40555292 28837835 2531523 -6243 0 X X 0 0 0 X 1886692 2216713 409723 4951916 4272376 13737420 2307817 2430934 175603 2397508 3331216 10643078 4194509 4647647 585326 7349424 7603592 24380498 0 0 0 24380498 9266 4685 3911 111069 126014 254945 9266 4685 3911 111069 126014 254945 4203775 4652332 589237 7460493 7729606 24635443 0.98970 0.99330 0.01030 0.00670 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5568855 5568855 5433335 1628633 3804702 345022 340748 4274 377071 248454 128617 2982163 2982163 12488611 INVESTMENTS IN CUATRO VIENTOS LP 1052866 C INVESTMENT IN LAS MARGARITAS LP 910651 C INVESTMENT IN LAS FLORES LP 49768 C INVESTMENT IN LORENA LP -138230 C INVESTMENT IN BOYLE HOTEL LP 61108 C INVESTMENT IN SOL Y LUNA LP -393 C INVESTMENT IN BESWICK SENIOR APTS LP -44 C INVESTMENT IN WHITTIER PSH LP 2 C INVESTMENT IN LOS GIRASOLES LP -165 C INVESTMENT IN CAMINO DE LOS ARBOLITOS LP 29 C INVESTMENT IN VISTA DUNES LP -54544 C INVESTMENT IN LINDA VISTA PHASE I LP 4 C INVESTMENT IN CIELITO LINDO APARTMENTS LP -15104 C INVESTMENT IN LINDA VISTA PHASE II LP -241 C INVESTMENT IN CIELITO LINDO PHASE II LP 621693 C INVESTMENT IN SV SENIOR VETERANS 30100 C INVESTMENT IN CORE, LLC 1353026 C INVESTMENT IN CORE LEVERAGE LENDER, LLC 724069 C INVESTMENT IN 1ST & ROWAN APARTMENTS, LLC 350000 C INVESTMENT IN ROSA DE CASTILLO 100 C 4944695 DUE TO RELATED PARTY 10553681 TENANT SECURITY DEPOSITS 83826 10637507 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 390,018. MANAGEMENT AND GENERAL EXPENSES 69,706. FUNDRAISING EXPENSES 25,925. TOTAL EXPENSES 485,649. COMPUTER MAINTENANCE CONTRACT: PROGRAM SERVICE EXPENSES 16,294. MANAGEMENT AND GENERAL EXPENSES 45,574. FUNDRAISING EXPENSES 1,765. TOTAL EXPENSES 63,633. OUTSIDE SERVICES: PROGRAM SERVICE EXPENSES 4,544. MANAGEMENT AND GENERAL EXPENSES 17,607. FUNDRAISING EXPENSES 4,418. TOTAL EXPENSES 26,569. REPAIRS CONTRACT: PROGRAM SERVICE EXPENSES 12,442. MANAGEMENT AND GENERAL EXPENSES 48,213. FUNDRAISING EXPENSES 12,098. TOTAL EXPENSES 72,753. JANITORIAL CONTRACT: PROGRAM SERVICE EXPENSES 10,249. MANAGEMENT AND GENERAL EXPENSES 39,716. FUNDRAISING EXPENSES 9,967. TOTAL EXPENSES 59,932. PEST CONTROL CONTRACT: PROGRAM SERVICE EXPENSES 1,187. MANAGEMENT AND GENERAL EXPENSES 4,598. FUNDRAISING EXPENSES 1,153. TOTAL EXPENSES 6,938. FORM 990, PART XII, LINE 2B: AS OF THE DATE OF THIS FILING, THE AUDIT HAS NOT BEEN COMPLETED. THE FORM 990 WAS PREPARED USING THE MOST UPDATED INFORMATION AVAILABLE. SHOULD INFORMATION SUBSTANTIALLY CHANGE UPON COMPLETION OF THE AUDIT, THE FORM 990 WILL BE AMENDED TO REFLECT THOSE CHANGES. 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