2019-11-15T19:39:08-06:00 2018-12-31 221478099 COHNREZNICK LLP 400 CAPITOL MALL SUITE 1200 SACRAMENTO CA 95814 990 2018-01-01 954531076 EAST LA COMMUNITY CORPORATION EAST 3232694214 2917 EAST 1ST STREET NO 101 LOS ANGELES CA 90033 ISELA C GRACIAN PRESIDENT & CEO 3232694214 2019-11-15 1 LISA M CUMMINGS CPA P00043433 9164429100 2019-11-15 209.59.242.22 2019-11-15 16:26:32 PS P DD3D80680B0D0643A2A27264DA34538D33C96F85 4CA2F60FEBDC6170EF0A7A0D4A4FF84A306142A0 2018 2020-04-17 16:48:07Z ISELA C GRACIAN 2917 EAST 1ST STREET NO 101 LOS ANGELES CA 90033 7460493 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. 11 10 53 57 0 0 409723 4951916 179514 2397508 0 111069 0 0 589237 7460493 0 0 0 0 1282561 2811833 0 0 300045 881474 2069851 2164035 4881684 -1574798 2578809 41877900 40555292 31885169 27983769 9992731 12571523 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 857751 0 0 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. 631134 0 0 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. 1027984 0 1036790 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. 349898 0 43918 TENANT SERVICES:1. PROVIDED OVER 200 RESIDENTS MONTHLY WITH FRESH FOOD AND PANTRY ITEMS THROUGH ELACC'S MOBILE FOOD PANTRY.2. DISTRIBUTED OVER 75,000 POUNDS OF FOOD THROUGH MONTHLY PANTRY, SERVING RESIDENTS ON AVERAGE $600 ANNUALLY.3. ENROLLED 75 YOUTH AND 25 PARENTS IN ELACC'S AFTERSCHOOL PROGRAM, STARS (SUSTAINABLE TUTORING AND ACADEMIC RESOURCES FOR STUDENTS).4. OFFERED OVER 3,840 HOURS OF FREE PHYSICAL AND SOCIAL WELLNESS ACTIVITIES FOR TENANTS AND OTHER COMMUNITY MEMBERS, INCLUDING YOGA, AEROBICS AND KNITTING AT ELACC PROPERTIES.5. PROVIDED BUILDING FINANCIAL STABILITY PROGRAM AT ELACC PROPERTIES FOR 64 FAMILIES AND PREVENTED 14 HOUSE RULE VIOLATIONS AND PREVENTED 4 EVICTIONS. 1043888 0 1316800 REAL ESTATE DEVELOPMENT:1. CONTINUED TO CONVERT THE CONSTRUCTION FINANCING TO PERMANENT FINANCING FOR CIELITO LINDO APARTMENTS PHASE I WITH 50 NEW AFFORDABLE HOUSING UNITS.2. STARTED CONSTRUCTION ON 2 NEW AFFORDABLE HOUSING DEVELOPMENTS, SUN VALLEY SENIOR VETERANS APARTMENTS WITH 96 UNITS AND CIELITO LINDO APARTMENTS PHASE II WITH 29 UNITS. 3. CONTINUED CONSTRUCTION ON 1 SINGLE FAMILY HOME IN THE CITY OF ALHAMBRA AS A CHDO FOR THE CITY OF ALHAMBRA TO SELL TO A LOW INCOME HOME BUYER.4. STARTED THE CONSTRUCTION LOAN CLOSING FOR 2 NEW AFFORDABLE HOUSING DEVELOPMENTS, EL NUEVO AMANECER WITH 61 UNITS AND ROSA DE CASTILLA WITH 85 UNITS.5. PURCHASED 2 COMMERICAL PROPERTIES FOR A NEW MARKET TAX CREDIT TRANSACTIONFOR PRESERVATION.6. A TOTAL OF 250 AFFORDABLE HOUSING UNITS ARE PLANNED FOR PROJECTS IN PREDEVELOPMENT. 153019 0 0 CULTURAL VITALITY:1. IMPLEMENTED 27 COMMUNITY LAND TRUST (CLT) EDUCATION MEETINGS FOR 300 RESIDENTS OF BOYLE HEIGHTS AND UNICORPORATED EAST LOS ANGELES.2. INCORPORATED FIDECOMISO COMUNITARIA TIERRA LIBRE CLT IN BOYLE HEIGHTS, OPERATING THE CLT WITH ACTIVE ELECTED BOARD OF DIRECTORS.3. INCORPORATED COOPERA WORKER OWNED COOPERATIVE BUSINESS IN BOYLE HEIGHTS.4. LAUNCHED LIDERARTE AT CASA DEL MEXICANO IN BOYLE HEIGHTS WITH 3 SESSIONS OF 10 CLASSES FOR 5 DAYS A WEEK WITH 150 PARTICIPANTS, TOTAL 150 CLASSES WITH 150 PARTICIPANTS. 5. FORMED THE COMMUNITY GARDEN AT CASA DEL MEXICANO WITH 30 PARTICPANTS ATTENDING THE GARDEN DAILY. 1546805 0 1360718 4063674 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 88 0 1 53 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 10 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 10.00 X X 0 0 0 ALFREDO IZMAJTOVICH VICE-CHAIR 10.00 X X 0 0 0 ARACELI SANDOVAL SECRETARY 10.00 X X 0 0 0 ARNOLDO ULLOA BOARD MEMBER 10.00 X 0 0 0 DANIEL RODRIGUEZ BOARD MEMBER 10.00 X 0 0 0 DESOLINA AVILA BOARD MEMBER 10.00 X 0 0 0 FRANCINE FLORES BOARD MEMBER 10.00 X 0 0 0 GUILLERMINA GONZALEZ BOARD MEMBER 10.00 X 0 0 0 ISELA GRACIAN PRESIDENT AND CEO 40.00 X 119545 0 10846 LETICIA ANDRADE BOARD MEMBER 10.00 X 0 0 0 LYNN HANSEN TREASURER 10.00 X X 0 0 0 ERNESTO ESPINOSA VP OF COMMUNITY CAPITAL 40.00 X 116050 0 11447 235595 0 22293 2 0 0 0 FSY ARCHITECTS 2902 KNOX AVE 2ND FLOOR LOS ANGELES CA 90039 ARCHITECTURAL SERVICES 508091 TCAC 915 CAPITOL MALL ROOM 485 SACRAMENTO CA 95814 CONSTRUCTION SERVICES 357206 BIRBAGROUP ARCHITECTS 2350 HYOERION AVE LOS ANGELES CA 90027 ARCHITECTURAL SERVICES 168347 OSMART GENERAL CONSTRUCTION PO BOX 6334 ALTADENA CA 91003 CONSTRUCTION SERVICES 159241 GONZALEZ GOODALE ARCHITECTS 135 W GREEN STREET 200 PASADENA CA 91105 ARCHITECTURAL SERVICES 133990 5 2901903 2050013 4951916 RENTAL INCOME 531110 1036790 1036790 DEVELOPER FEES 531390 999626 999626 MANAGEMENT FEES 531390 167500 167500 CONSTRUCTION FEES 531390 120216 120216 TENANT SERVICE FEES 531390 43918 43918 29458 29458 2397508 111069 111069 7460493 2397508 0 111069 X 130391 107879 11473 11039 2261520 1874483 197349 189688 227377 184339 21818 21220 192545 164357 10514 17674 15110 13172 1938 9926 8427 1314 185 780705 628162 125496 27047 9399 9399 101963 71687 26106 4170 1519 1519 70796 43207 25755 1834 14939 13120 1819 212673 212673 203878 203878 106992 83685 20731 2576 REPAIRS & MAINTENANCE 153703 133433 20270 REAL ESTATE TAX 107466 107466 PROGRAM SERVICES 79059 79059 UTILITIES 78955 26283 52672 122768 106845 11581 4342 4881684 4063674 517965 300045 4393158 1645339 609697 373385 509211 1500590 752551 1496828 3800636 286512 357356 30191840 2077848 22886759 28113992 2148613 2664216 8792055 2102294 41877900 40555292 405915 373194 2262045 633647 26701732 9462051 2100000 415477 17514877 31885169 27983769 X 9992731 12571523 9992731 12571523 41877900 40555292 2578809 -17 0 X X 0 1 X 1 0 X 1584135 1886692 2216713 409723 4951916 11049179 2146191 2307817 2430934 175603 2397508 9458053 3730326 4194509 4647647 585326 7349424 20507232 0 0 0 20507232 10374 9266 4685 3911 111069 139305 10374 9266 4685 3911 111069 139305 3740700 4203775 4652332 589237 7460493 20646537 0.99330 0.99700 0.00670 0.00300 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15199014 15199014 7523930 1499859 6024071 345022 339788 5234 360888 238201 122687 6762986 6762986 28113992 INVESTMENTS IN CUATRO VIENTOS LP 1052926 C INVESTMENT IN LAS MARGARITAS LP 910706 C INVESTMENT IN LAS FLORES LP 49768 C INVESTMENT IN LORENA LP -7043 C INVESTMENT IN BOYLE HOTEL LP 61201 C INVESTMENT IN SOL Y LUNA LP -305 C INVESTMENT IN BESWICK SENIOR APTS LP -19 C INVESTMENT IN WHITTIER PSH LP 25 C INVESTMENT IN LOS GIRASOLES LP -154 C INVESTMENT IN CAMINO DE LOS ARBOLITOS LP 10 C INVESTMENT IN VISTA DUNES LP -54544 C INVESTMENT IN LINDA VISTA PHASE I LP 18 C INVESTMENT IN CIELITO LINDO APARTMENTS LP 13 C INVESTMENT IN LINDA VISTA PHASE II LP -179 C INVESTMENT IN CIELITO LINDO PHASE II LP 621693 C INVESTMENT IN SV SENIOR VETERANS 30100 C 2664216 DEVELOPER FEE RECEIVABLES 1427304 RESTRICTED CASH 674990 2102294 DUE TO RELATED PARTY 17412791 TENANT SECURITY DEPOSITS 100840 OTHER LIABILITIES 1246 17514877 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, 2018. THE COMPANY'S FEDERAL AND STATE INCOME TAX RETURNS PRIOR TO 2015 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 335,884. MANAGEMENT AND GENERAL EXPENSES 60,031. FUNDRAISING EXPENSES 22,326. TOTAL EXPENSES 418,241. COMPUTER MAINTENANCE CONTRACT: PROGRAM SERVICE EXPENSES 19,723. MANAGEMENT AND GENERAL EXPENSES 55,165. FUNDRAISING EXPENSES 2,136. TOTAL EXPENSES 77,024. OUTSIDE SERVICES: PROGRAM SERVICE EXPENSES 2,658. MANAGEMENT AND GENERAL EXPENSES 10,300. FUNDRAISING EXPENSES 2,585. TOTAL EXPENSES 15,543. REPAIRS CONTRACT: PROGRAM SERVICE EXPENSES 220,494. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 220,494. JANITORIAL CONTRACT: PROGRAM SERVICE EXPENSES 39,689. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 39,689. PEST CONTROL CONTRACT: PROGRAM SERVICE EXPENSES 9,714. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,714. 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 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 5490 119882 EAST LA COMMUNITY CORPORATION AMCAL HOLLENBECK FUND LP 30141 AGOURA ROAD SUITE 100 AGOURA HILLS CA 91303 272495493 AFFD HOUSING CA N/A RELATED -44 76609 0 1 AMCAL LINDA VISTA FUND LP 30141 AGOURA ROAD SUITE 100 AGOURA HILLS CA 91303 272495547 AFFD HOUSING CA N/A RELATED -11 94104 0 1 BESWICK SENIOR APARTMENTS LLC 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 462124348 AFFD HOUSING CA N/A N/A 0 0 BESWICK SENIOR APARTMENTS LP 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 460894182 AFFD HOUSING CA N/A RELATED -20 215357 0 1 BOYLE HOTEL LP 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 263749286 AFFD HOUSING CA N/A RELATED -75 2435400 0 1 0.00010 CAMINO DE LAS FLORES LP 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 680435835 AFFD HOUSING CA N/A RELATED -11 73085 0 1 CAMINO DE LOS ARBOLITOS LP 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 320014530 AFFD HOUSING CA N/A RELATED 22 228728 0 1 0.00010 CIELITO LINDO APARTMENTS PHASE II LLC 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 999999999 AFFD HOUSING CA N/A N/A 0 0 CIELITO LINDO APARTMENTS PHASE II LP 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 822843363 AFFD HOUSING CA N/A RELATED 932388 0 1 0.00010 CIELITO LINDO APARTMENTS LP 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 472967569 AFFD HOUSING CA N/A RELATED -10 1321140 0 1 0.00010 LAS MARGARITAS LP 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 680484976 AFFD HOUSING CA N/A RELATED -40 2532712 0 1 0.00010 LORENA TERRACE LP 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 330768272 AFFD HOUSING CA N/A RELATED -63024 3539540 0 1 0.30000 LOS CUANTRO VIENTOS LP 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 270025356 AFFD HOUSING CA N/A RELATED -46 2154766 0 1 0.00010 LOS GIRASOLES LP 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 911843563 AFFD HOUSING CA N/A RELATED 27022 0 1 0.00010 SOL Y LUNA LP 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 954555428 AFFD HOUSING CA N/A RELATED 3969740 0 1 0.00010 SUN VALLEY SENIOR VETERANS LLC 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 331176564 AFFD HOUSING CA N/A N/A 0 0 SUN VALLEY SENIOR VETERANS LP 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 810741380 AFFD HOUSING CA N/A RELATED 6053999 0 1 VISTA DUNES GP LLC 9421 HAVEN AVENUE RANCHO CUCAMONGA CA 91730 261290963 AFFD HOUSING CA N/A RELATED -394 21222 0 0 0.25000 WHITTIER PSH LP 2917 E 1ST ST SUITE 101 LOS ANGELES CA 90033 202727446 AFFD HOUSING CA N/A RELATED -55 476446 0 1 0.00010 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0