Lchs Foundation Inc
- Assets
- $19.4m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Livingston, CA
- Founding
- 09/2017
- Data as of
- 12/2021
- EIN
- 82-1142195
Organization Overview
Lchs Foundation Inc is located in Livingston, CA. The organization was established in 2017. According to its NTEE Classification (L11) the organization is classified as: Single Organization Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lchs Foundation Inc 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, Lchs Foundation Inc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. 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
TO EXCLUSIVELY BENEFIT AND SUPPORT LIVINGSTON COMMUNITY HEALTH, WHICH PROVIDES PROFESSIONAL MEDICAL SERVICES TO THE PUBLIC AT LARGE WITHIN THE AREA OF LIVINGSTON, CALIFORNIA, BY ACQUIRING, DEVELOPING, OWNING, OPERATING, AND LEASING PROPERTY TO LIVINGSTON COMMUNITY HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS RESPONSIBLE FOR THE FINANCING OF THE CONSTRUCTION OF A 40,000-SQUARE-FOOT MEDICAL CAMPUS FOR LIVINGSTON COMMUNITY HEALTH IN LIVINGSTON, CALIFORNIA UTILIZING A COMBINATION OF NEW MARKET TAX CREDITS AND LOANS FROM PROVATE INVESTORS. CONSTRUCTION OF THE NEW CAMPUS WAS COMPLETED IN SPRING 2019.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erin Pilot CFO | OfficerTrustee | 0 | $0 |
Leslie Abasta-Cummings CEO | OfficerTrustee | 0 | $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 | $1,009,968 |
| Investment income | $23 |
| 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 | $1,009,991 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $33,210 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $73,088 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,205 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $337,690 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $671,795 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,166,753 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $343,686 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $779,866 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $17,378,212 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $938,049 |
| Total assets | $19,439,813 |
| Accounts payable and accrued expenses | $48,385 |
| 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 | $0 |
| Other liabilities | $17,296,727 |
| Total liabilities | $17,345,112 |
| Net assets without donor restrictions | $2,094,701 |
| 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 | $19,439,813 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewish Senior Living Group San Francisco, CA | $2,756,319 | $9,175,842 |
Mmm East Inc San Francisco, CA | $118,949,023 | $7,931,673 |
Covia Foundation Glendale, CA | $0 | $7,791,148 |
Housing Promise Corporation Los Angeles, CA | $717,273 | $717,273 |
Claremont Investment Management Company Claremont, CA | $1,000 | $4,500,473 |
Bridge Community Impact San Francisco, CA | $8,316,284 | $4,579,229 |
Cedarsinai Park Foundation Portland, OR | $11,831,059 | $2,143,357 |
Bethany Center Foundation Of San Francisco Walnut Creek, CA | $0 | $0 |
Rhf Holdings Group Inc Long Beach, CA | $23,097,923 | $3,748,331 |
Lchs Foundation Inc Livingston, CA | $19,439,813 | $1,009,991 |
Ahsc Qalicb Portland, OR | $14,353,857 | $611,073 |
Jack Hall Hawaii Housing Corporation Honolulu, HI | $19,597,939 | $226,920 |