Menorah Housing Foundation
- Assets
- $31.3m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 57
- Location
- Los Angeles, CA
- Founding
- 04/1971
- Data as of
- 08/2023
- EIN
- 23-7103775
Organization Overview
Menorah Housing Foundation is located in Los Angeles, CA. The organization was established in 1971. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 08/2023, Menorah Housing Foundation employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Menorah Housing Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2023, Menorah Housing Foundation generated $4.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $1.9m during the year ending 08/2023. While expenses have increased by 1.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Menorah Housing Foundation has awarded 16 individual grants totaling $127,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
MENORAH HOUSING FOUNDATION (MHF) IS A CALIFORNIA NOT-FOR-PROFIT CORPORATION WHICH SPONSORS AND MANAGES, THROUGH AFFILIATED ENTITIES, AFFORDABLE HOUSING FOR SENIOR ADULTS THROUGHOUT THE LOS ANGELES AREA. ADDITIONALLY, MENORAH HOUSING FOUNDATION OWNS AND OPERATES MENORAH HOUSE, A 51-UNIT SENIOR HOUSING COMPLEX LOCATED IN LOS ANGELES. MHF ALSO SERVES AS GENERAL PARTNER OR LIMITED PARTNER IN FOUR PARTNERSHIPS FORMED TO DEVELOP, OWN AND OPERATE SENIOR AFFORDABLE HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MENORAH HOUSING FOUNDATION OWNS AND OPERATES MENORAH HOUSE, A 51-UNIT HOUSING COMPLEX PROVIDING AFFORDABLE HOUSING FOR VERY LOW INCOME ELDERLY IN LOS ANGELES, CA.
MENORAH HOUSING FOUNDATION PROVIDES PROPERTY MANAGEMENT SERVICES FOR NON-PROFIT HUD SUBSIDIZED HOUSING PROJECTS FOR LOW AND VERY LOW INCOME ELDERLY AND DEVELOPS LOW INCOME HOUSING FOR VERY LOW INCOME SENIOR CITIZENS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Weiser Chair | OfficerTrustee | 0.1 | $0 |
David Goldman Treasurer | OfficerTrustee | 0.1 | $0 |
Elisa Paster Secretary | OfficerTrustee | 0.1 | $0 |
Richard Romanoff Board Member | Trustee | 0.1 | $0 |
Doreen Klee Board Member | Trustee | 0.1 | $0 |
Leslie Friedman Board Member | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $39,737 |
| Government grants | $699,697 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $739,434 |
| Total Program Service Revenue | $3,874,282 |
| Investment income | $296,784 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,913,590 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $982,081 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $227,176 |
| Payroll taxes | $66,747 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,536 |
| Fees for services: Accounting | $27,586 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $77,002 |
| Advertising and promotion | $0 |
| Office expenses | $167,591 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $215,505 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $174 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $107,120 |
| Insurance | $22,784 |
| All other expenses | $0 |
| Total functional expenses | $1,945,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $445 |
| Savings and temporary cash investments | $5,736,560 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $364,369 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $12,953,300 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $269,789 |
| Net Land, buildings, and equipment | $2,780,245 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $9,132,384 |
| Intangible assets | $0 |
| Other assets | $66,936 |
| Total assets | $31,304,028 |
| Accounts payable and accrued expenses | $73,645 |
| Grants payable | $0 |
| Deferred revenue | $62 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $12,953,300 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $22,799 |
| Total liabilities | $13,049,806 |
| Net assets without donor restrictions | $18,254,222 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $31,304,028 |
Grants Awarded
Over the last fiscal year, Menorah Housing Foundation has awarded $10,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ADAMS SENIOR CITIZEN HOUSING CORPORATION PURPOSE: TO ASSIST IN PROVIDING LOW AND VERY LOW INCOME HOUSING AS APPROVED BY HUD. | $5,000 |
FOURTH STREET SENIOR CITIZEN HOUSING CORPORATION PURPOSE: TO ASSIST IN PROVIDING LOW AND VERY LOW INCOME HOUSING AS APPROVED BY HUD. | $5,000 |