2018-04-20T08:49:03-07:00 2017-06-30 GTL LLP 15315 Magnolia Blvd Suite 110 Sherman Oaks CA 914031100 990 2016-07-01 954531076 EAST L A COMMUNITY CORPORATION EAST 3232694214 2917 EAST 1ST STREET LOS ANGELES CA 90033 ISELA C GRACIAN President & CEO 2018-04-19 true FABIO VASCO P00332485 8185090066 2016 2021-01-29 14:40:06Z 4652332 false false X www.elacc.org X 1995 CA ELACCS 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 ECONOMIC DEVELOPMENT OPPORTUNITIES TO LOW AND MODERATE INCOME FAMILIES. 8 8 47 100 0 1886692 2216713 2317083 2435619 0 0 4203775 4652332 0 0 2028373 2253278 0 284836 2227554 2261962 4255927 4515240 -52152 137092 35595294 40033680 24389279 28690573 11206015 11343107 X ELACCS 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 ECONOMIC DEVELOPMENT OPPORTUNITIES TO LOW AND MODERATE INCOME FAMILIES. false false 1431881 14200 1476164 PROPERTY MANAGEMENT: 1. OPERATED PORTFOLIO OF AFFORDABLE HOUSING UNITS PENDING FUTURE REDEVELOPMENT.TENANT SERVICES:1. PROVIDED OVER 2,614 RESIDENTS WITH FRESH FOOD AND PANTRY ITEMS THROUGH ELACCS MOBILE FOOD PANTRY;2. DISTRIBUTED OVER 65,350 POUNDS OF FOOD THROUGH MONTHLY PANTRY, SAVING RESIDENTS A COMBINED TOTAL OF $100,000;3. ENROLLED OVER 50 YOUTH IN ELACCS AFTERSCHOOL PROGRAM, STARS (SUSTAINABLE TUTORING AND ACADEMIC RESOURCES FOR STUDENTS);4. OFFERED OVER 50 HOURS OF FREE PHYSICAL AND SOCIAL WELLNESS ACTIVITIES FOR TENANTS AND OTHER COMMUNITY MEMBERS, INCLUDING YOGA, AEROBICS AND KNITTING. 968392 95237 1606211 REAL ESTATE DEVELOPMENT & ASSET MANAGEMENT:1. COMPLETED CONSTRUCTION AND PLACED IN OPERATION 127 NEW AFFORDABLE HOUSING UNITS;2. OPENED WHITTIER PLACE APARTMENTS, A 25-UNIT AFFORDABLE HOUSING DEVELOPMENT IN EAST LOS ANGELES MADE POSSIBLE THROUGH A UNIQUE PARTNERSHIP WITH FIRST 5 LA AND LOS ANGELES HOUSE OF RUTH, WITH 18 UNITS DEDICATED TO HOMELESS FAMILIES, 12 OF WHICH ARE SET ASIDE FOR FAMILIES WITH CHILDREN AGED FIVE YEARS OR YOUNGER; 3. CONTINUED CONSTRUCTION ON 50 UNITS OF AFFORDABLE HOUSING;4. ENDED THE YEAR WITH 452 UNITS IN OUR DEVELOPMENT PIPELINE. 489983 455210 481651 COMMUNITY WEALTH:VITA:1. FILED MORE THAN 500 FREE TAX RETURNS FOR LOW-INCOME HOUSEHOLDS, RETURNING OVER $600,000 OF REFUNDS BACK TO THE COMMUNITY.COMMUNITY WEALTH:2. INCORPORATED THE FIRST STREET COMMUNITY BUSINESS ASSOCIATION-BOYLE HEIGHTS AS A 501(C)(6) NONPROFIT ORGANIZATION AND LAUNCHED NOCHES DE SERENATA, WITH OVER 2,000 PARTICIPANTS PER MONTH.FINANCIAL EDUCATION:- HOSTED 26 FINANCIAL EDUCATION WORKSHOPS FOR 435 PARTICIPANTS.LANZATE MATCHED SAVINGS PROGRAMS:- OPENED 80 "LANZATE" ACCELERATED SAVINGS ACCOUNTS. HOMEBUYER EDUCATION AND COUNSELING:- PREPARED 203 FUTURE HOMEOWNERS THROUGH OUR FIRST TIME HOMEBUYER WORKSHOPS AND ONE-ON-ONE PRE-PURCHASE COUNSELING. 588915 1086831 1088306 3479171 true true false false false false false false false false true false false true true true false true false false false false false false false false false false false false false false false false false false false false false false false false false false false true true false false false false true 61 0 false 47 true false false false false false false true true false 0 false false false false false false false false false false X 8 8 false false false false false false false true true false false true true true true true true true false false CA X X ELACC 3232694214 2917 EAST 1ST STREET SUITE 101 LOS ANGELES CA 90033 ALFRED FRAIJO Chairman 1.00 0.00 X X 0 0 0 LETICIA ANDRADE BOARD MEMBER 1.00 0.00 X 0 0 0 LYNN HANSEN Treasurer 1.00 0.00 X X 0 0 0 ARACELI SANDOVAL Secretary 1.00 0.00 X X 0 0 0 GUILLERMINA GONZALEZ BOARD MEMBER 1.00 0.00 X 0 0 0 DESOLINA AVILA BOARD MEMBER 1.00 0.00 X 0 0 0 ALFREDO IZMAJTOVICH VICE CHAIR 1.00 0.00 X X 0 0 0 FRANCINE FLORES BOARD MEMBER 1.00 0.00 X 0 0 0 ALEJANDRO MARTINEZ VP REAL ESTATE 40.00 0.00 X 102800 0 0 ERNESTO EZPINOZA VP REAL ESTATE 40.00 0.00 X 28731 0 0 ISELA C GRACIAN President & CEO 40.00 0.00 X 121007 0 0 ALLISON MOUZON CPA CONTROLLER 40.00 0.00 X 101481 0 0 354019 3 false false false 0 2216713 2216713 INTEREST INCOME 531390 4685 4685 PROGRAM SERVICE INCOME 531390 2430934 2430934 2435619 0 0 0 0 0 0 0 0 0 4652332 2435619 0 0 0 0 354019 293432 30893 29694 1549179 1284052 135188 129939 0 0 188388 152730 18077 17581 161692 138021 8829 14842 0 37833 9012 28821 41400 2000 39400 0 0 0 290025 119351 154791 15883 11904 5611 5638 655 46480 11632 33329 1519 37746 2787 31303 3656 0 0 28343 22762 4068 1513 0 27802 19833 5500 2469 77783 77783 0 200414 135573 63813 1028 128413 103041 19675 5697 BAD DEBTS 483450 480340 3110 PROGRAM SERVICES 334612 334612 MAINTENANCE & REPAIRS 117720 78558 39162 TELEPHONE 60158 13083 46370 705 337879 194958 83266 59655 4515240 3479171 751233 284836 6583621 7154164 0 249534 711068 1749675 1541890 0 0 1977565 1501040 0 52699 208533 21118436 1784535 19380801 19333901 0 0 0 0 5601399 9583084 35595294 40033680 285309 779771 2045922 22678207 24681038 946441 750000 479322 433842 24389279 28690573 X 5490971 5016846 5715044 6326261 11206015 11343107 35595294 40033680 137092 X false true X true false X 3853981 1737408 1584135 1886692 2216713 11278929 619549 1963854 2146191 2307817 2430934 9468345 0 0 0 4473530 3701262 3730326 4194509 4647647 20747274 0 0 20747274 8493 24844 10374 9266 4685 57662 0 8493 24844 10374 9266 4685 57662 0 0 4482023 3726106 3740700 4203775 4652332 20804936 0.99720 0.99690 0.00280 0.00310 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15858346 15858346 4560855 1281328 3279527 338347 323690 14657 360888 179517 181371 19333901 ADVANCE TO LIMITED PARTNERSHIPS 36709 ADVANCE TO LIMTED PARTNERSHIPS INVESTMENT IN LIMITED PARTNERSHIPS 1939406 INVESTMENT IN LIMITED PARTNERSHIPS 343524 LOAN FEES 197126 OTHER ASSETS 2038001 REAL ESTATE DEVELOPMENT COSTS 5028318 9583084 ACCRUED INTEREST 308536 DEPOSITS AND OTHER PAYABLES 125306 433842 X Part X : FIN48 Footnote THE ORGANIZATION IS EXEMPT FROM TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC"), AND FROM STATE INCOME TAXES UNDER THE CORRESPONDING SECTION OF THE CALIFORNIA REVENUE AND TAXATION CODE. ACCORDINGLY, NO PROVISION OR BENEFIT FOR FEDERAL OR STATE INCOME TAXES IS RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION IS REQUIRED PER ACCOUNTING GUIDANCE TO EVALUATE ITS TAX POSITIONS AND RECOGNIZE A LIABILITY FOR ANY POSITIONS THAT WOULD NOT BE CONSIDERED "MORE LIKELY THAN NOT" TO BE UPHELD UNDER A TAX AUTHORITY EXAMINATION. IF SUCH ISSUES EXIST, THE ORGANIZATION'S POLICY WILL BE TO RECOGNIZE ANY TAX LIABILITY SO REPORTED, INCLUDING APPLICABLE INTEREST AND PENALTIES, AS A COMPONENT OF INCOME TAX EXPENSE. Form 990, Part III, Line 4d: Other Program Services Description OTHER PROGRAM SERVICES 4: REAL ESTATE DEVELOPMENT & ASSET MANAGEMENT:1. COMPLETED CONSTRUCTION AND PLACED IN OPERATION 127 NEW AFFORDABLE HOUSING UNITS;2. OPENED WHITTIER PLACE APARTMENTS, A 25-UNIT AFFORDABLE HOUSING DEVELOPMENT IN EAST LOS ANGELES MADE POSSIBLE THROUGH A UNIQUE PARTNERSHIP WITH FIRST 5 LA AND LOS ANGELES HOUSE OF RUTH, WITH 18 UNITS DEDICATED TO HOMELESS FAMILIES, 12 OF WHICH ARE SET ASIDE FOR FAMILIES WITH CHILDREN AGED FIVE YEARS OR YOUNGER; 3. CONTINUED CONSTRUCTION ON 50 UNITS OF AFFORDABLE HOUSING;4. ENDED THE YEAR WITH 452 UNITS IN OUR DEVELOPMENT PIPELINE. OTHER PROGRAM SERVICES 5: ARTS AND CUTURE: Form 990, Part VI, Line 11b: Form 990 Review Process 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, Line 12c: Explanation of Monitoring and Enforcement of Conflicts 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, Line 15b: Compensation Review and Approval Process for Officers and Key Employees 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, Line 19: Other Organization Documents Publicly Available THE ORGANIZATION PROVIDES GOVERNING DOCUMENTS, CONFLICT OF INTEREST AND FINANCIAL STATEMENTS WHEN NEEDED IN THE COURSE OF BUSINESS TRANSACTIONS. 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