Assisted Living Foundation Of America
- Assets
- $42.9m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 9
- Location
- Los Angeles, CA
- Founding
- 07/1996
- Data as of
- 12/2021
- EIN
- 75-2641221
Organization Overview
Assisted Living Foundation Of America is located in Los Angeles, CA. The organization was established in 1996. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 12/2021, Assisted Living Foundation Of America employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Assisted Living Foundation Of America 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 12/2021, Assisted Living Foundation Of America generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $336.0k during the year ending 12/2021. While expenses have increased by 9.3% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZED TO ACQUIRE, REHABILITATE, SELL OR OPERATE AFFORDABLE HOUSING FOR MODERATE TO LOW-INCOME, ELDERLY OR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S MISSION IS ASSISTING HOMELESS AND LOW-INCOME SENIORS AND FAMILIES WITH HOUSING AND THE PROVISION OF EDUCATIONAL AND LIFE-ENRICHMENT SERVICES. THE ORGANIZATION IS A MANAGING GENERAL PARTNER AND MANAGING OR SOLE MEMBER IN 20 LOW INCOME HOUSING PROJECTS.
THE ORGANIZATION'S MISSION IS ASSISTING HOMELESS AND LOW-INCOME SENIORS AND FAMILIES WITH HOUSING AND THE PROVISION OF EDUCATIONAL AND LIFE-ENRICHMENT SERVICES. THE ORGANIZATION IS A MANAGING GENERAL PARTNER AND MANAGING OR SOLE MEMBER IN 20 LOW INCOME HOUSING PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elliot L Shelton President & | OfficerTrustee | 1 | $0 |
Joshua Genet Director | Trustee | 10 | $0 |
Isaac Salzberg Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $784,564 |
| Investment income | $895,813 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$480,797 |
| Net Gain/Loss on Asset Sales | $360,894 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,962,277 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $133,549 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $40,974 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $500 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,906 |
| All other expenses | -$7,615 |
| Total functional expenses | $336,007 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $287,745 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,410,798 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $307,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $17,313,079 |
| Investments—publicly traded securities | $19,705,594 |
| Investments—other securities | $0 |
| Investments—program-related | $3,874,861 |
| Intangible assets | $0 |
| Other assets | $1,332 |
| Total assets | $42,900,409 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $1,400,000 |
| Other liabilities | $22,538,396 |
| Total liabilities | $23,938,396 |
| Net assets without donor restrictions | $0 |
| 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 | $18,962,013 |
| Total liabilities and net assets/fund balances | $42,900,409 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Eldercare Of San Diego San Diego, CA | $76,291,474 | $103,929,835 |
Center For Elders Independence Oakland, CA | $163,334,060 | $110,881,645 |
Masonic Homes Of California San Francisco, CA | $1,081,181,439 | $41,944,438 |
Motion Picture And Television Fund Woodland Hills, CA | $117,551,107 | $62,254,849 |
Institute On Aging San Francisco, CA | $58,432,886 | $66,846,262 |
Grancell Village Of The Los Angeles Jewish Home For The Aging Reseda, CA | $74,699,459 | $60,276,801 |
Rogue Valley Manor Medford, OR | $249,123,090 | $59,343,722 |
Tempe Life Care Village Inc Tempe, AZ | $225,266,079 | $48,647,054 |
La Posada At Park Centre Inc Green Valley, AZ | $182,054,249 | $47,958,568 |
Northern California Retired Officers Community Fairfield, CA | $260,915,478 | $45,201,737 |
Casa De Las Campanas Inc San Diego, CA | $261,081,118 | $41,918,031 |
Beatitudes Campus Of Care Phoenix, AZ | $120,319,049 | $33,436,636 |