2015-05-13T14:34:30-07:00 2014-06-30 GTL LLP 12800 RIVERSIDE DR 3RD FL STUDIO CITY CA 916073331 990 2013-07-01 954531076 EAST L A COMMUNITY CORPORATION EAST 3232694214 530 SOUTH BOYLE AVENUE LOS ANGELES CA 90033 ISELA GRACIAN President 2015-05-13 true FABIO VASCO P00332485 8185090066 2013 2016-02-25 16:41:14Z 3726106 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 38 100 0 2802121 1737408 1679902 1988698 0 0 4482023 3726106 0 0 1677309 1941492 0 259796 1189314 1387723 2866623 3329215 1615400 396891 18769340 18594427 6680949 7725621 12088391 10868806 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 1095718 722196 758577 COMMUNITY ORGANIZING - SEE SCHEDULE OREAL ESTATE DEVELOPMENT1. EASTLAKE AVENUE AND ALTURA WALK APARTMENTS - CONTINUED RENOVATION PLANNING FOR THE DEVELOPMENT, CONSTRUCTION PERMITS WERE FILED.2. LINDA VISTA PHASE 1 - CONVERTED TO PERMANENT FINANCING.3. LINDA VISTA PHASE 2 - ORIGINATED THE CONSTRUCTION LOAN AND STARTED THE RENOVATION CONSTRUCTION.4. ALTA VISTA APARTMENTS - CONVERTED TO PERMANENT FINANCING.5. WHITTIER PLACE APARTMENTS - RECEIVED A LIHTC ALLOCATION, ORIGINATED THE CONSTRUCTION FINANCING AND STARTED CONSTRUCTION.6. 1st AND SOTO TOD APARTMENTS -- CONTINUED THE PREDEVELOPMENT ACTIVITIES -- ENTITLEMENTS, FINANCING, COMMUNITY OUTREACH.7. BESWICK SENIOR APARTMENTS -- CONTINUED CONSTRUCTION.8. SOL Y LUNA APARTMENTS -- CONTINUED CONSTRUCTION.9. CASA DEL MEXICANO -- CLOSED THE ACQUISITION LOAN AND PAID OFF THE PREVIOUS DEBT.10. LAKELAND AND LAUREL SINGLE FAMILY HOMES -- STILL ON THE SHELF BY MUTUAL AGREEMENT WITH THE CITY OF SANTA FE SPRINGS AND THE JV PARTNERS (ELACC AND NATIONAL CORE).11. WHITTIER PLACE PHASE 2 -- IN ESCROW TO PURCHASE THE PROPERTY TO DEVELOP 34 UNITS OF AFFORDABLE HOUSING, ACQUISITION LOAN WAS IN PROCESS.12. 1st AND SOTO TOD APARTMENTS PHASE 2 -- IN ESCROW TO PURCHASE THREE PARCELS TO DEVELOP 31 UNITS OF AFFORDABLE HOUSING, ACQUISITION LOAN WAS IN PROCESS.13. LINDA VISTA PHASE III -- EXECUTED PURCHASE AND SALE AGREEMENT TO PURCHASE THREE PARCELS TO DEVELOP UP TO 25 SINGLE FAMILY HOMES, WORKING WITH THE CITY OF LOS ANGELES TO CLOSE THE TRANSACTION.TENANT SERVICES -ELACC STARS CELEBRATES 5 YEARS THIS YEAR, WITH OVER 100 YOUTH AND CHILDREN TENANTS PARTICIPATING. -PARTNERSHIP WITH THE NEXT STEP WHO PROVIDES COLLEGE PREP WORKSHOPS FOR HIGH SCHOOL STUDENTS. -LAUNCHED A BIKE SHARING PROGRAM AT LAS MARGARITAS WITH THE SUPPORT OF ENTERPRISE. -HOSTED 2 SUCCESSFUL FUNDRAISERS, CHOCOLATE BAR CANDY SALES AND LA COPA DE BOYLE HEIGHTS -PROVIDED SERVICES AT 7 OF ELACC'S HOUSING DEVELOPMENTSCOMMUNITY ORGANIZING -PASSED FRAMEWORK FOR STREET VENDOR ORDINANCE IN ECONOMIC DEVELOPMENT COMMITTIEE OF LA CITY COUNCIL -GRADUATED 45 NEW RESIDENTS IN OUR ANNUAL LEADERSHIP ACADEMY -SECURED APRIL 23rd AS OFFICIAL "RENTERS' DAY" AS RECOGNIZED BY LA CITY COUNCIL -RECRUITED 350 NEW COMMUNITY MEMBERS INTO COMMUNITY ORGANIZING CAMPAIGNS -FINALIZED "THE PEOPLE'S PLAN" AS A RESPONSE TO THE CITY'S DRAFT BOYLE HEIGHTS COMMUNITY PLANCOMMUNITY WEALTHVITA -720 TAX RETURNS PREPARED - $1 MILLION + IN REFUNDS, $100,000+ IN TAX PREPARATION FEES SAVEDFINANCIAL EDUCATION -MORE THAN 200 FINANCIAL EDUCATION PARTICIPANTS, PRIMARILY MONO-LINGUAL SPANISH SPEAKERSPRE-PURCHASE -MORE THAN 175 HOMEBUYER WORKSHOP PARTICIPANTS -MORE THAN 150 PRE-PURCHASE COUNSELING PARTICIPANTS -MORE THAN 20 PURCHASED A HOMEFINANCIAL COUNSELING - MORE THAN 40 PARTICIPANTS ENROLLED IN FINANCIAL COUNSELINGLANZATE MATCH SAVINGS PROGRAM -88 PARTICIPANTS ENROLLED IN SAVINGS ACCOUNT AND COLLECTIVELY SAVED OVER $40,000POST-PURCHASE COUNSELING -MORE THAN 40 PARTICIPANTS RECEIVED POST-PURCHASE COUNSELINGFORECLOSURE -76 PARTICIPANTS RECEIVED IN-DEPTH FORECLOSURE AND/OR POST PURCHASE COUNSELING. 25 ATTAINED A LONG-TERM SUSTAINABLE MODIFICATION ON THEIR MORTGAGE PAYMENTS 747260 259255 1437134 SEE SCHEDULE O 576605 214800 1219804 SEE SCHEDULE O 553345 280919 310590 2972928 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 true 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 38 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 X ELACC 3232694214 530 SOUTH BOYLE AVENUE LOS ANGELES CA 90033 PETER CHU DIR FINANCE 40.00 0.00 126878 0 0 ERNESTO ESPINOSA Director RE 40.00 0.00 91866 0 0 ALLISON MOUZON CPA Controller 40.00 0.00 7916 0 0 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 President 40.00 0.00 X 150774 0 12348 ALEJANDRO MARTINEZ VP RE & ASSET 40.00 0.00 X 74619 0 0 ISELA GRACIAN VP OPERATIONS 40.00 0.00 X 80114 0 0 532167 12348 2 false true false 0 1737408 1737408 INTEREST INCOME 24844 24844 PROGRAM SERVICE INCOME 1963854 1963854 1988698 0 0 0 0 0 0 0 0 0 3726106 1988698 0 0 0 0 532166 302107 73205 156854 0 1075637 1075637 0 196322 192434 -16323 20211 137367 104852 19220 13295 0 19218 18541 677 61400 59373 2027 0 0 0 179076 176289 2042 745 13256 10248 68 2940 33081 29620 778 2683 22183 20478 761 944 0 0 21396 19886 372 1138 0 15631 14975 116 540 88005 87918 87 0 202784 200481 1275 1028 82210 77213 3241 1756 PROGRAM SERVICES 179120 172212 6908 MAINTENANCE & REPAIRS 138570 134710 1154 2706 UTILITIES 73397 72891 506 BAD DEBTS 47953 47953 210443 155110 7285 48048 3329215 2972928 96491 259796 4440415 4797255 1380354 0 205213 417663 0 0 2021623 1505556 0 56500 90177 8406307 1289032 5575415 7117275 0 554865 0 0 0 5915309 3286147 18769340 18594427 180933 188316 5251045 6443143 969755 750000 279216 344162 6680949 7725621 X 6514454 5509335 5573937 5359471 12088391 10868806 18769340 18594427 X 396891 -1616476 X false true X true false X 1196949 2073814 5306803 3853981 1737408 14168955 1575397 958204 689469 619549 1963854 5806473 0 0 0 2772346 3032018 5996272 4473530 3701262 19975428 0 0 19975428 23179 10388 15618 8493 24844 82522 0 23179 10388 15618 8493 24844 82522 0 1 1 2795526 3042406 6011890 4482023 3726106 20057951 0.99590 0.99460 0.00410 0.00520 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3518009 3518009 4405190 1110814 3294376 338345 75829 262516 144763 102389 42374 7117275 INVESTMENT IN LIMITED PARTNERSHPS 2271500 LOAN FEES 34969 OTHER ASSETS 10000 REAL ESTATE DEVELOPMENT COSTS 969678 3286147 ACCRUED INTEREST 183842 DEPOSITS 160320 344162 3726106 3726106 3726106 3329215 3329215 3329215 false false false false false false false false false false MARIA CABILDO President 141968 8806 12348 163122 Form 990, Part III, Line 4d: Other Program Services Description OTHER PROGRAM SERVICES 4: SEE SCHEDULE O 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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