Pico-Union Housing Corporation
- Assets
- $137.8m
- Revenue
- $14.5m
- Investments
- $0.0
- Employees
- 72
- Location
- Los Angeles, CA
- Founding
- 12/1981
- Data as of
- 03/2023
- EIN
- 23-7113307
Organization Overview
Pico-Union Housing Corporation is located in Los Angeles, CA. The organization was established in 1981. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 03/2023, Pico-Union Housing Corporation employed 72 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pico-Union Housing Corporation 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 03/2023, Pico-Union Housing Corporation generated $14.5m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $22.7m during the year ending 03/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE LOW INCOME RENTAL HOUSING TO QUALIFIED LOW INCOME INDIVIDUALS AND FAMILIES AND VARIOUS SOCIAL SERVICES TO UNDESERVED COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE AFFORDABLE LOW INCOME RENTAL HOUSING TO QUALIFIED INDIVIDUALS AND FAMILIES AND VARIOUS SOCIAL SERVICES TO UNDESERVED COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
1gloria Farias Executive Director | Officer | 55 | $781,250 |
2mario Morales President | OfficerTrustee | 5 | $0 |
3wilfrido Pineda Treasurer | OfficerTrustee | 3 | $0 |
4rosa Novoa Secretary | OfficerTrustee | 3 | $0 |
5esperanza Bello Cortez Board Member | Trustee | 3 | $0 |
6 Celia Ramirez Board Member | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tejon Builders Inc Construction | 3/30/23 | $725,895 |
Handy 365 Inc Repairs And Materials | 3/30/23 | $194,895 |
Genessy Mngt & Dev Llc Hud Authorized Property Management | 3/30/23 | $405,850 |
A-1 Landscaping Services Landscaping Services | 3/30/23 | $190,027 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,137,387 |
| 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 | $5,137,387 |
| Total Program Service Revenue | $9,261,886 |
| Investment income | $88,158 |
| 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 | $14,487,431 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $781,250 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,933,536 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $393,757 |
| Payroll taxes | $302,558 |
| Fees for services: Management | $654,824 |
| Fees for services: Legal | $83,461 |
| Fees for services: Accounting | $265,771 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $22,880 |
| Office expenses | $635,309 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,085,730 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,829,431 |
| Insurance | $1,127,430 |
| All other expenses | $2,563,344 |
| Total functional expenses | $22,686,566 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,946,020 |
| Savings and temporary cash investments | $250,929 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,643,261 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,003,079 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $491,131 |
| Net Land, buildings, and equipment | $95,861,902 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $23,155,061 |
| Intangible assets | $0 |
| Other assets | $6,456,862 |
| Total assets | $137,808,245 |
| Accounts payable and accrued expenses | $7,065,968 |
| Grants payable | $0 |
| Deferred revenue | $247,191 |
| 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 | $115,667,201 |
| Unsecured mortgages and notes payable | $2,761,321 |
| Other liabilities | $345,551 |
| Total liabilities | $126,087,232 |
| Net assets without donor restrictions | $11,721,013 |
| 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 | $137,808,245 |