2016-03-14T15:35:47-07:00 2015-06-30 GTL LLP 15315 Magnolia Blvd Suite 110 Sherman Oaks CA 914031100 990 2014-07-01 954531076 EAST L A COMMUNITY CORPORATION EAST 3232694214 530 SOUTH BOYLE AVENUE LOS ANGELES CA 90033 ISELA GRACIAN President 2016-03-12 true FABIO VASCO P00332485 8185090066 2014 2016-08-17 19:52:53Z 3740700 false false X www.elacc.org X 1995 CA ELACC'S MISSION IS TO DEVELOP QUALITY AFFORDABLE HOUSING FOR LOW INCOME FAMILIES; TO FOSTER SELF-SUFFICIENT HOUSEHOLDS BY PROMOTING NEIGHBORHOOD ASSET BUILDING AND PRESERVATION THROUGH HOMEOWNERSHIP OPPORTUNITIES; AND TO PROVIDE FINANCIAL LITERACY.THE COMPANY IS ALSO COMMITTED TO THE SELF SUFFICIENCY AND EMPOWERMENT OF THE RESIDENTS OF LOS ANGELES EASTSIDE. 9 9 35 100 0 1737408 1584135 1988698 2156565 0 0 3726106 3740700 0 0 1941492 2025670 0 272081 1387723 1325669 3329215 3351339 396891 389361 18594427 23138553 7725621 11880386 10868806 11258167 X ELACC'S MISSION IS TO DEVELOP QUALITY AFFORDABLE HOUSING FOR LOW INCOME FAMILIES; TO FOSTER SELF-SUFFICIENT HOUSEHOLDS BY PROMOTING NEIGHBORHOOD ASSET BUILDING AND PRESERVATION THROUGH HOMEOWNERSHIP OPPORTUNITIES; AND TO PROVIDE FINANCIAL LITERACY.THE COMPANY IS ALSO COMMITTED TO THE SELF SUFFICIENCY AND EMPOWERMENT OF THE RESIDENTS OF LOS ANGELES EASTSIDE. false false 1101356 314149 1392566 PROPERTY MANAGEMENT OPERATED PORTFORLIO OF AFFORDABLE HOUSING UNITS PENDING FUTURE REDEVELOPMENTTENANT SERVICES (ALL SERVICES PROVIDED FREE OF CHARGE)-SERVED OVER 100 YOUTH ACROSS 7 PROPERTIES THROUGH OUR ELACC S.T.A.R.S. PROGRAM-TOOK 75 YOUTH TO THE LA ZOO FOR THEIR SUMMER FIELD TRIP-SERVED OVER 700 UNIQUE INDIVIDUALS THROUGH OUR MOBILE FOOD PANTRY EACH MONTH WE WOULD SERVE 150-250 INDIVIDUALS -LAUNCHED BIKE SHARE PROGRAM AT SOL Y LUNA, MAKING IT OUR SECOND PROPERTY WITH SUCH PROGRAM-CONTINUED DIRECT SUPPORT SERVICES TO OVER 300 FAMILIES ACROSS 7 ELACC PROPERTIES 621063 16588 1186501 REAL ESTATE DEVELOPMENTCOMPLETED CONSTRUCTION AND PLACED IN OPERATION 86 NEW AFFORDABLE HOUSING UNITS. IN ADDITION, THERE WERE 127 UNITS AFFORDABLE HOUSING UNITS UNDER CONSTRUCTION AND A TOTAL OF 340 AFFORDABLE HOUSING UNITS PLANNED FOR PROJECTS IN PREDEVELOPMENT STAGE. 1. EASTLAKE AVENUE AND ALTURA WALK APARTMENTS REHABILITATION OF ALL 5 UNITS IS 100% AND LEASE UP HAS BEGUN. THE DEVELOPMENT, CONSTRUCTION PERMITS WERE FILED.2. LINDA VISTA PHASE 1 - COMPLETED PERMANENT FINANCING.3. LINDA VISTA PHASE 2 COMPLETED CONSTRUCTION AND THE PROJECT IS CURRENTLY BEING LEASED.4. ALTA VISTA APARTMENTS - CONVERTED TO PERMANENT FINANCING.5. WHITTIER PLACE APARTMENTS COMPLETED CONSTRUCTION AND BUILDING IS CURRENTLY BEING LEASED. 6. CIELITO LINDO APARTMENTS SECURED A TAX CREDIT ALLOCATION IN 2015 AND PROJECT WILL BEGIN CONSTRUCTION DURING THE FIRST QUARTER OF 2016.7. BESWICK SENIOR APARTMENTS CONVERTED TO PERMANENT FINANCING.8. SOL Y LUNA APARTMENTS IN PROCESS OF PERMANENT LOAN CONVERSION.9. CASA DEL MEXICANO -- COMPLETED MINOR REHAB. FUNDED BY COUNTY GRANT.10. LAKELAND AND LAUREL SINGLE FAMILY HOMES -- STILL ON THE SHELF BY MUTUALAGREEMENT WITH THE CITY OF SANTA FE SPRINGS AND THE JV PARTNERS (ELACC AND NATIONALCORE).11. WHITTIER PLACE PHASE 2 PROJECT IS IN PREDEVELOPMENT STAGE BUT HAS SECURED VHHP FUNDING AND EXPECT TO SECURE ALL ENTITLEMENTS BY JUNE 30, 2016.12. 1ST AND SOTO TOD APARTMENTS PHASE 2 -- PROJECT IS IN PREDEVELOPMENT STAGE BUT WE EXPECT TO SECURE ALL ENTITLEMENTS BY JUNE 30, 2016.13. LINDA VISTA PHASE III -- EXECUTED PURCHASE AND SALE AGREEMENT TO PURCHASE THREEPARCELS TO DEVELOP UP TO 25 SINGLE FAMILY HOMES, WORKING WITH THE CITY OF LOS ANGELES14. 1ST AND ROWANPURCHASED SITE, SECURED FUNDING FROM THE COUNTY OF LOS ANGELES COMMUNITY DEVELOPMENT DEPARTMENT AND EXPECT TO SECURE ENTITLEMENTS AND OTHER FUNDING BY FALL 2016 15. ROSA DE CASTILLAPURCHASING SITE BY 12/31/15, EXPECT TO SECURE ENTITLEMENTS BY FALL 2016 AND ALL FINANCING BY FALL 2017.16. SUN VALLEY SENIOR VETERANS-- PURCHASING SITE BY 12/31/15, EXPECT TO SECURE ALL FINANCING BY FALL 2017. 484089 508515 832342 COMMUNITY ORGANIZING-OUTREACHED TO 1,500 RESIDENTS TO PARTICIPATE IN 6 COMMUNITY HEARINGS ON SIDEWALK VENDING IN LOS ANGELES, HEARINGS WERE HELD BY LA CITY-GRADUATED 30 NEW RESIDENTS IN OUR ANNUAL LEADERSHIP ACADEMY -ENGAGED OVER 500 BOYLE HEIGHTS RESIDENTS IN A PROCESS TO DEVELOP AN AFFORDABLE HOUSING PROJECT PROPOSAL ON MTA-OWNED LAND-OUTREACHED TO OVER 500 RESIDENTS TO CREATE EQUITABLE TRANSIT ORIENTED DEVELOPMENT POLICIES FOR LOS ANGELES 419124 300859 338291 2625632 true true false false false false false false false false true false false true true false true 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 56 0 false 35 true false false false false false false true true false 0 false false false false false false false false false false X 9 9 false false false false false false false true true false false true true true true true true true false false CA X ELACC 3232694214 530 SOUTH BOYLE AVENUE 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 IRMA PADILLA 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 MARIA CABILDO Fmr President 40.00 0.00 X 131870 0 0 ALEJANDRO MARTINEZ VP RE & ASSET 40.00 0.00 X 115174 0 0 ISELA GRACIAN President 40.00 0.00 X 83103 0 0 ALLISON MOUZON CPA CONTROLLER 40.00 0.00 X 95000 0 0 425147 2 false false false NA 0 1584135 1584135 INTEREST INCOME 10374 10374 PROGRAM SERVICE INCOME 2146191 2146191 2156565 0 0 0 0 0 0 0 0 0 3740700 2156565 0 0 0 0 425147 353341 31984 39822 1244868 1034612 93654 116602 0 0 210368 169661 21469 19238 145287 122064 9297 13926 0 7152 1135 6017 37000 2000 35000 0 0 0 77323 67107 6006 4210 11396 7874 -463 3985 14902 4788 8718 1396 27060 2541 24375 144 0 0 17247 12775 4282 190 0 5552 3543 1332 677 106531 104397 2134 0 259549 214776 43745 1028 130728 104801 19285 6642 MAINTENANCE & REPAIRS 164226 114245 48359 1622 PROGRAM SERVICES 100925 100925 REAL ESTATE TAXES 82693 82184 509 UTILITIES 66076 51370 14706 217309 71493 83217 62599 3351339 2625632 453626 272081 4797255 3679661 1380354 407585 331861 417663 1547598 0 0 1505556 1988981 0 90177 363351 11818558 1534295 7117275 10284263 0 0 0 0 3286147 4535253 18594427 23138553 188316 567423 6443143 9725020 750000 1216211 344162 371732 7725621 11880386 X 5509335 5627779 5359471 5630388 10868806 11258167 18594427 23138553 389361 X false true X true false X 2073814 5306803 3853981 1737408 1584135 14556141 958204 689469 619549 1963854 2146191 6377267 0 0 0 3032018 5996272 4473530 3701262 3730326 20933408 0 0 20933408 10388 15618 8493 24844 10374 69717 0 10388 15618 8493 24844 10374 69717 0 0 3042406 6011890 4482023 3726106 3740700 21003125 0.99670 0.99590 0.00330 0.00410 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6666561 6666561 4654872 1224981 3429891 338345 190705 147640 158780 118609 40171 10284263 INVESTMENT IN LIMITED PARTNERSHPS 2271415 LOAN FEES 35483 OTHER ASSETS 7080 PROPERTY FOR RESALE 255732 REAL ESTATE DEVELOPMENT COSTS 1965543 4535253 ACCRUED INTEREST 206668 DEPOSITS 165064 371732 3740700 3740700 3740700 3351339 3351339 3351339 Form 990, Part III, Line 4d: Other Program Services Description OTHER PROGRAM SERVICES 4: REAL ESTATE DEVELOPMENTCOMPLETED CONSTRUCTION AND PLACED IN OPERATION 86 NEW AFFORDABLE HOUSING UNITS. IN ADDITION, THERE WERE 127 UNITS AFFORDABLE HOUSING UNITS UNDER CONSTRUCTION AND A TOTAL OF 340 AFFORDABLE HOUSING UNITS PLANNED FOR PROJECTS IN PREDEVELOPMENT STAGE. 1. EASTLAKE AVENUE AND ALTURA WALK APARTMENTS REHABILITATION OF ALL 5 UNITS IS 100% AND LEASE UP HAS BEGUN. THE DEVELOPMENT, CONSTRUCTION PERMITS WERE FILED.2. LINDA VISTA PHASE 1 - COMPLETED PERMANENT FINANCING.3. LINDA VISTA PHASE 2 COMPLETED CONSTRUCTION AND THE PROJECT IS CURRENTLY BEING LEASED.4. ALTA VISTA APARTMENTS - CONVERTED TO PERMANENT FINANCING.5. WHITTIER PLACE APARTMENTS COMPLETED CONSTRUCTION AND BUILDING IS CURRENTLY BEING LEASED. 6. CIELITO LINDO APARTMENTS SECURED A TAX CREDIT ALLOCATION IN 2015 AND PROJECT WILL BEGIN CONSTRUCTION DURING THE FIRST QUARTER OF 2016.7. BESWICK SENIOR APARTMENTS CONVERTED TO PERMANENT FINANCING.8. SOL Y LUNA APARTMENTS IN PROCESS OF PERMANENT LOAN CONVERSION.9. CASA DEL MEXICANO -- COMPLETED MINOR REHAB. FUNDED BY COUNTY GRANT.10. LAKELAND AND LAUREL SINGLE FAMILY HOMES -- STILL ON THE SHELF BY MUTUALAGREEMENT WITH THE CITY OF SANTA FE SPRINGS AND THE JV PARTNERS (ELACC AND NATIONALCORE).11. WHITTIER PLACE PHASE 2 PROJECT IS IN PREDEVELOPMENT STAGE BUT HAS SECURED VHHP FUNDING AND EXPECT TO SECURE ALL ENTITLEMENTS BY JUNE 30, 2016.12. 1ST AND SOTO TOD APARTMENTS PHASE 2 -- PROJECT IS IN PREDEVELOPMENT STAGE BUT WE EXPECT TO SECURE ALL ENTITLEMENTS BY JUNE 30, 2016.13. LINDA VISTA PHASE III -- EXECUTED PURCHASE AND SALE AGREEMENT TO PURCHASE THREEPARCELS TO DEVELOP UP TO 25 SINGLE FAMILY HOMES, WORKING WITH THE CITY OF LOS ANGELES14. 1ST AND ROWANPURCHASED SITE, SECURED FUNDING FROM THE COUNTY OF LOS ANGELES COMMUNITY DEVELOPMENT DEPARTMENT AND EXPECT TO SECURE ENTITLEMENTS AND OTHER FUNDING BY FALL 2016 15. ROSA DE CASTILLAPURCHASING SITE BY 12/31/15, EXPECT TO SECURE ENTITLEMENTS BY FALL 2016 AND ALL FINANCING BY FALL 2017.16. SUN VALLEY SENIOR VETERANS-- PURCHASING SITE BY 12/31/15, EXPECT TO SECURE ALL FINANCING BY FALL 2017. 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. Las Casitas Housing Ventures LLC 530 S Boyle Ave Los Angeles CA 90033 651171689 Housing CA NA LORENA TERRACE LP 530 SOUTH BOYLE AVENUE LOS ANGELES CA 90033 320080568 HOUSING CA N/A -45 1188 false false CAMINO DE LAS FLORES LP 530 SOUTH BOYLE AVENUE LOS ANGELES CA 90033 431983601 HOUSING CA N/A -21 395 false false CAMINO DE LOS ARBOLITOS LP 530 SOUTH BOYLE AVE LOS ANGELES CA 90033 470945555 HOUSING CA N/A 9 694 false false LOS GIRASOLES LP 530 SOUTH BOYLE AVE LOS ANGELES CA 90033 550801289 HOUSING CA N/A -8 224 false false LAS MARGARITAS LP 530 SOUTH BOYLE AVE LOS ANGELES CA 90033 261806589 HOUSING CA N/A -56 1325 false false LOS CUANTRO VIENTOS LP 530 SOUTH BOYLE AVE LOS ANGELES CA 90033 261806780 HOUSING CA N/A -58 false false BOYLE HOTEL LLC 530 SOUTH BOYLE AVE LOS ANGELES CA 90033 263763242 HOUSING CA N/A -87 2393 false false BESWICK SENIOR APARTMENTS LLC 530S BOYLE AVENUE LOS ANGELES CA 90033 462124348 HOUSING CA N/A -13 666 false false SOL Y LUNA LP 530 S BOYLE AVENUE LOS ANGELES CA 90033 455180571 HOUSING CA N/A -17 2114 false false WHITTIER PSH LP 530 SOUTH BOYLE AVENUE LOS ANGELES CA 90033 460904316 HOUSING CA N/A false false VISTA DUNES GP LLC 9421 HAVEN AVENUE RANCHO CUCAMONGA CA 91730 261331959 HOUSING CA N/A false false AMCAL LINDA VISTA FUND LP 30141 AGOURA ROAD SUITE 100 AGOURA HILLS CA CA 91301 453767649 HOUSING CA N/A -27 false false false false false false false false false false false false false false false false false false false false false