RESTORE NEIGHBORHOODS LA INC: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- RESTORE NEIGHBORHOODS LA INC (EIN 26-4142930)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-02-15
- IRS object ID
- 201400499349301725
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-02-15T15:47:43-06:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 951777440 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GREEN HASSON & JANKS LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10990 WILSHIRE BLVD 16TH FLOOR | AddressLine1 |
| City | LOS ANGELES | City |
| State | CA | State |
| ZIP Code | 900243929 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 264142930 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTORE NEIGHBORHOODS LA INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | REST | NameControl |
| Phone | 2132701720 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 315 W 9TH STREET NO 501 | AddressLine1 |
| City | LOS ANGELES | City |
| State | CA | State |
| ZIP Code | 90015 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JOHN PERFITT | Name |
| Title | EXECUTIVE DIRECTOR | Title |
| Phone | 2132701720 | Phone |
| Date Signed | 2014-02-11 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | RICHARD L RUVELSON | Name |
| PTIN | P00234075 | PTIN |
| Phone | 3108731600 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | JOHN PERFITT | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 315 W 9TH STREET NO 501 | AddressLine1 |
| City | LOS ANGELES | City |
| State | CA | State |
| ZIP Code | 90015 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 45077948 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | HTTP://RESTORENEIGHBORHOODSLA.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2008 | YearFormation |
| State Legal Domicile | CA | StateLegalDomicile |
| Activity Or Mission Description | TO STABILIZE NEIGHBORHOODS BY PLACING FORECLOSED AND VACANT DWELLING UNITS BACK IN USE. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 8 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 8 | NbrIndependentVotingMembers |
| Total Nbr Employees | 34 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 3605524 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 3779055 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 14168453 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 41293966 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 0 | InvestmentIncomePriorYear |
| Investment Income Current Year | 0 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | -25816 | OtherRevenuePriorYear |
| Other Revenue Current Year | 4927 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 17748161 | TotalRevenuePriorYear |
| Total Revenue Current Year | 45077948 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 2238340 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 2436993 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 6589 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 15681461 | OtherExpensePriorYear |
| Other Expenses Current Year | 42964401 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 17919801 | TotalExpensesPriorYear |
| Total Expenses Current Year | 45401394 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -171640 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -323446 | RevenuesLessExpensesCY |
| Total Assets BOY | 62918185 | TotalAssetsBOY |
| Total Assets EOY | 57863415 | TotalAssetsEOY |
| Total Liabilities BOY | 62896546 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 58165222 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 21639 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | -301807 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | REDUCE BLIGHT, AND CREATING AFFORDABLE HOMEOWNERSHIP AND RENTAL OPPORTUNITIES IN NEIGHBORHOODS THROUGHOUT THE CITY OF LOS ANGELES BY PURCHASING, REHABILITATING, SELLING AND/OR DISPOSING OF RESIDENTIAL PROPERTIES. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 43870045 | Expense |
| Revenue | 41293966 | Revenue |
| Description | HOME OWNERSHIP REHABILITATION PROGRAM:SINGLE FAMILY HOMES RESTORE NEIGHBORHOODS LA (RNLA) ACQUIRES FORECLOSED SINGLE FAMILY HOMES IN BULK FROM THE NATIONAL COMMUNITY STABILIZATION TRUST AND OTHER SERVICING COMPANIES, REHABILITATES THEM AND SELLS THEM TO ELIGIBLE HOMEBUYERS WHOSE INCOME DO NOT EXCEED 120% OF AMI. THE HOMES WILL BE REHABILITATED TO MEET CODE REQUIREMENTS, ADDRESS ALL MAJOR BUILDING DEFICIENCIES, AND INCORPORATE ENVIRONMENTALLY RESPONSIBLE "GREEN" BUILDING COMPONENTS. SOME PROPERTIES MAY BE "RIGHT SIZED" WITH THE ADDITION OF A NEW BEDROOM AND BATHROOM TO BETTER ACCOMMODATE THE NEEDS OF LARGER HOUSEHOLDS. AS REHABILITATION IS NEARING COMPLETION, RNLA WILL LIST ALL HOMES FOR SALE ON OUR WEBSITE UNDER THE PROPERTIES SECTION.MULTI-UNIT PROPERTIES RNLA WILL ALSO PURCHASE FORECLOSED AND ABANDONED 2-4 MULTI-UNIT, AND 5+ UNIT RENTAL PROPERTIES AND OFFER THEM, THROUGH A COMPETITIVE PROCESS, FOR OWNERSHIP AND REHABILITATION BY ORGANIZATIONS WITH DEMONSTRATED CAPACITY AND EXPERIENCE WITH AFFORDABLE HOUSING DEVELOPMENT AND MANAGEMENT. RNLA WILL GROUP THESE MULTI FAMILY PROPERTIES INTO CLUSTERS WITH SOME GEOGRAPHIC PROXIMITY IN ORDER TO ACHIEVE ECONOMIES OF SCALE WITH THE REHABILITATION AND LONG TERM OPERATION OF THE RENTAL PROPERTIES. RNLA WILL FULLY COMPLY WITH THE CITY OF LOS ANGELES RENT STABILIZATION ORDINANCE WHICH PROTECTS TENANTS FROM EVICTION AS A RESULT OF A FORECLOSURE. IT IS ANTICIPATED THAT MANY RNLA PURCHASED MULTI-FAMILY PROPERTIES WILL BE PARTIALLY OR FULLY OCCUPIED. IF TEMPORARY RELOCATION IS NECESSARY TO FACILITATE A TIMELY REHABILITATION OF THE PROPERTY, RNLA WILL WORK WITH EXISTING TENANTS TO MINIMIZE DISRUPTION. | Description |
| Total Program Service Expense | 43870045 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 32 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 34 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 8 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 8 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | CA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | KAREN RINGER | NamePerson |
| Telephone Number | 2132701726 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 315 W 9TH STREET STE 501 | AddressLine1 |
| City | LOS ANGELES | City |
| State | CA | State |
| ZIP Code | 90015 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (11 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| PAUL FREESE | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| VERONICA PADILLA | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| CYNTHIA SANCHEZ | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| TOM DE SIMONE | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| EARL COOPER II | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| MARVA SIMTH BATTLE-BEY | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| JEFFREY SCHAFFER | |||||||
| PRESIDENT | 2.00 | X | 0 | 0 | 0 | X | |
| TONY SALAZAR | |||||||
| TREASURER | 1.00 | X | 0 | 0 | 0 | X | |
| ALICIA LARA | |||||||
| SECRETARY | 1.00 | X | 0 | 0 | 0 | X | |
| JOHN PERFITT | |||||||
| EXECUTIVE DIRECTOR | 40.00 | 166823 | 0 | 23527 | X | ||
| TIM PIASKY | |||||||
| DEPUTY DIRECTOR | 40.00 | 130321 | 0 | 17128 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 297144 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 40655 | TotalOtherCompensation |
| Number Individuals GT100 K | 2 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (3 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| VESTA MANAGEMENT INC | |||||
| PO BOX 922 | SANTA MONICA | CA | 90406 | PROPERTY MANAGEMENT | 467098 |
| BARR & CLARK | |||||
| 12684 HOOVER ST | GARDEN GROVE | CA | 92841 | ENVIRONMENTAL TESTING | 144210 |
| ACCOUNTEMPS | |||||
| PO BOX 743295 | LOS ANGELES | CA | 90074 | STAFFING | 140303 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 3 | NumberOfContractorsGT100K |
| Government Grants | 3739651 | GovernmentGrants |
| All Other Contributions | 39404 | AllOtherContributions |
| Total Contributions | 3779055 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | REAL ESTATE SALES | Description |
| Business Code | 531390 | BusinessCode |
| Total Revenue Column | 41293966 | TotalRevenueColumn |
| Related Or Exempt Function Income | 41293966 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 41293966 | TotalProgramServiceRevenue |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MISCELLANEOUS INCOME | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 4927 | TotalRevenueColumn |
| Exclusion | $4,927 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 4927 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 45077948 | TotalRevenueColumn |
| Related Or Exempt Function Income | 41293966 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $4,927 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 192130 | Total |
| Program Services | 137245 | ProgramServices |
| Management And General | 54885 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1841291 | Total |
| Program Services | 1302886 | ProgramServices |
| Management And General | 538405 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 29076 | Total |
| Program Services | 20192 | ProgramServices |
| Management And General | 8884 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 230479 | Total |
| Program Services | 182110 | ProgramServices |
| Management And General | 48369 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 144017 | Total |
| Program Services | 105823 | ProgramServices |
| Management And General | 38194 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 41613 | Total |
| Program Services | 29476 | ProgramServices |
| Management And General | 12137 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 222615 | Total |
| Management And General | 222615 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 343970 | Total |
| Program Services | 126789 | ProgramServices |
| Management And General | 210592 | ManagementAndGeneral |
| Fundraising | 6589 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18104 | Total |
| Program Services | 13754 | ProgramServices |
| Management And General | 4350 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 147127 | Total |
| Program Services | 73884 | ProgramServices |
| Management And General | 73243 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 122719 | Total |
| Program Services | 92447 | ProgramServices |
| Management And General | 30272 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 188749 | Total |
| Program Services | 128954 | ProgramServices |
| Management And General | 59795 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 41925 | Total |
| Program Services | 30766 | ProgramServices |
| Management And General | 11159 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2493 | Total |
| Program Services | 1815 | ProgramServices |
| Management And General | 678 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 48033 | Total |
| Management And General | 48033 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 141240 | Total |
| Management And General | 141240 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 28689 | Total |
| Program Services | 13478 | ProgramServices |
| Management And General | 15211 | ManagementAndGeneral |
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices |
|---|---|---|
| PURCHASED PROP. COSTS | 41290000 | 41290000 |
| CONSTRUCTION COSTS | 192576 | 192576 |
| UNPURCHASED PROP. COSTS | 64959 | 64959 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 69589 | Total |
| Program Services | 62891 | ProgramServices |
| Management And General | 6698 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 45401394 | Total |
| Program Services | 43870045 | ProgramServices |
| Management And General | 1524760 | ManagementAndGeneral |
| Fundraising | 6589 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 382223 | BOY |
| EOY | 259801 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16249320 | BOY |
| EOY | 27899714 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 45955213 | BOY |
| EOY | 29535738 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 2057 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 476287 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 341961 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 270128 | BOY |
| EOY | 134326 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 61301 | BOY |
| EOY | 31779 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 62918185 | BOY |
| EOY | 57863415 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 616973 | BOY |
| EOY | 516353 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 465469 | BOY |
| EOY | 447769 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 70000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 61814104 | BOY |
| EOY | 57131100 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 62896546 | BOY |
| EOY | 58165222 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21639 | BOY |
| EOY | -301807 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21639 | BOY |
| EOY | -301807 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 62918185 | BOY |
| EOY | 57863415 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | -323446 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | 409330 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 2037549 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 3605524 | CurrentTaxYearMinus1Year |
| Current Tax Year | 3779055 | CurrentTaxYear |
| Total | 9831458 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | 409330 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 2037549 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 3605524 | CurrentTaxYearMinus1Year |
| Current Tax Year | 3779055 | CurrentTaxYear |
| Total | 9831458 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | 9831458 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | 213523 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 236768 | CurrentTaxYearMinus1Year |
| Total | 450291 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | 8873 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 613 | CurrentTaxYearMinus2Years |
| Current Tax Year | 4927 | CurrentTaxYear |
| Total | 14413 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 10296162 | TotalSupport |
| Gross Receipts From Admissions Etc | 57680441 | GrossReceiptsFromAdmissionsEtc |
| First5 Years170 | X | First5Years170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 13258 | OtherCostOrOtherBasis |
| Depreciation | 9850 | Depreciation |
| Book Value | 3408 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 360732 | OtherCostOrOtherBasis |
| Depreciation | 275682 | Depreciation |
| Book Value | 85050 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 102297 | OtherCostOrOtherBasis |
| Depreciation | 56429 | Depreciation |
| Book Value | 45868 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 134326 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | DUE TO LAHD | Description |
| Amount | $57,131,100 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 57131100 | TotalOfAmounts |
| Tot Revenue Etc Audited Fincl Stmt | 45077948 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 45077948 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 45077948 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 45401394 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 45401394 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 45401394 | TotalExpensesPerForm990 |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | JOHN PERFITT | NamePerson |
| Title | EXECUTIVE DIRECTOR | Title |
| Base Compensation Filing Org | 166823 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 5100 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 18427 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 190350 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 IS PROVIDED TO THE ENTIRE BOARD FOR REVIEW PRIOR TO FILING. | |
| FORM 990, PART VI, SECTION B, LINE 12C | ANNUAL QUESTIONNAIRES ARE GIVEN TO THE BOARD AND COMPLETED VERSIONS ARE KEPT ON RECORD. THE DEPUTY DIRECTOR IS REPONSIBLE FOR ENSURING ALL QUESTIONNAIRES HAVE BEEN COMPLETED. PROSPECTIVE BOARD MEMBERS ARE BRIEFED ON THE CONFLICT OF INTEREST POLICY AS PART OF THE BOARD RECRUITMENT PROCESS. BOARD MEMBERS ARE INVITED TO DISCUSS POTENTIAL OR ACTUAL CONFLICTS WITH FELLOW BOARD MEMBERS AT BOARD MEETINGS. THE BOARD WOULD DECIDE THE BEST COURSE OF ACTION. THAT DECISION WOULD BE RECORDED IN THE MINUTES OF THE MEETING. | |
| FORM 990, PART VI, SECTION B, LINE 15A | THE PERSONNEL COMMITTEE REVIEWS WAGE AND BENEFIT COMPARABILITY DATA COMPILED USING INFORMATION FROM OTHER NON PROFIT ORGANIZATIONS WITH SIMILAR SIZED BUDGETS AND IN SIMILAR URBAN LOCATIONS TO DETERMINE THE RESONABLENESS OF THE EXECUTIVE DIRECTOR'S COMPENSATION. THE PERSONNEL COMMITTEE PRESENTS ITS RECOMMENDATION TO THE BOARD. THE BOARD THEN APPROVES THE COMPENSATION FOR THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 15B: THERE WERE NO OTHER OFFICERS OR KEY EMPLOYEES WHO RECEIVED COMPENSATION, THEREFORE THIS QUESTION IS NOT APPLICABLE. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. | |
| FORM 990, PART XII, LINE 2C | NO CHANGES WERE MADE TO THE OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR, AS COMPARED TO THE PRIOR TAX YEAR. | FINANCIAL STATEMENTS AND REPORTING |
| FORM 990, PART X - BALANCE SHEET, LINE 8 | THE INVENTORY LISTED ON THE FORM 990 IS NOT FOR CONSUMPTION BY THE ORGANIZATION. THE INVENTORY LISTED REPRESENTS COSTS THAT RELATE TO LAND DEVELOPMENT AND HOUSING REHABILITATION PROJECTS THAT ARE CAPITALIZED. THESE ARE RELATED TO THE DEVELOPMENT/REHABILITATION OF PROPERTIES WHICH WILL BE EVENTUALLY SOLD DIRECTLY TO LOW AND MODERATE INCOME FAMILIES OR DISPOSED OF TO OWNER/OPERATORS OF MULTI FAMILY PROPERTIES WHO WILL MAINTAIN AND MANAGE THE PROPERTY AS AFFORDABLE RENTAL HOUSING FOR LOW AND MODERATE INCOME FAMILIES OF THE CITY OF LOS ANGELES. | INVENTORIES FOR SALE OR USE |