Abundant Housing La Education Fund
- Assets
- $370.2k
- Revenue
- $983.8k
- Investments
- $0.0
- Employees
- 10
- Location
- Los Angeles, CA
- Founding
- 06/2019
- Data as of
- 12/2023
- EIN
- 82-4616689
Organization Overview
Abundant Housing La Education Fund is located in Los Angeles, CA. The organization was established in 2019. According to its NTEE Classification (L01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Abundant Housing LA Education Fund employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Abundant Housing LA Education Fund 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 12/2023, Abundant Housing LA Education Fund generated $983.8k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $968.4k during the year ending 12/2023. 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
THE ABUNDANT HOUSING LA (AHLA) EDUCATION FUND IS A 501(C)(3) ORGANIZATION DEDICATED TO MAKING LOS ANGELES COUNTY A MORE AFFORDABLE, DIVERSE, AND VIBRANT REGION WHERE EVERYONE CAN AFFORD A PLACE TO LIVE THROUGH EDUCATION AND GRASSROOTS ADVOCACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CALIFORNIA IS IN THE MIDST OF A HOUSING CRISIS. DECADES OF RESISTANCE TO NEW HOUSING, ESPECIALLY IN COASTAL COMMUNITIES, HAVE RESULTED IN UNBEARABLY HIGH RENTS, WORSENED INEQUALITY, AND DISPLACEMENT OF LOW-INCOME RESIDENTS. LOS ANGELES COUNTY ESPECIALLY NEEDS MUCH MORE HOUSING, FOR PEOPLE OF ALL INCOMES, NEAR OUR GROWING TRANSIT SYSTEM AND MAJOR EMPLOYMENT CENTERS, IF WE EVER HOPE TO REVERSE THESE TRENDS. THE AHLA EDUCATION FUND IS COMMITTED TO EDUCATION AND ADVOCACY ON THE AFFORDABILITY,LIVABILITY, AND SUSTAINABILITY BENEFITS OF MORE HOUSING. WE WANT LOWER RENTS AND A MORE SUSTAINABLE AND PROSPEROUS REGION, WHERE EVERYONE HAS MORE CHOICES OF WHERE TO LIVE AND HOW TO PURSUE THEIR DREAMS. DENSITY, WHEN WELL PLANNED, CAN ENHANCE THE SOCIAL AND ECONOMIC LIFE OF THE CITY. WE DO EDUCATIONAL OUTREACH FOR POLICIES, PLANS, AND INDIVIDUAL PROJECTS THAT IMPROVE THE LIVES OF ALL. WE WELCOME ANYONE WHO SHARES THESE GOALS TO JOIN US.TOGETHER WITH ABUNDANT HOUSING LA, OUR 501(C)4 PARTNER ORGANIZATION, WE ARE THE YIMBY (YES IN MY BACKYARD) VOICE FOR LA COUNTY.A SMALL GROUP OF NIMBY (NOT IN MY BACKYARD) ANGELENOS SANCTIFY HOUSING SCARCITY AND STAND IN THE WAY OF MORE AFFORDABLE HOUSING FOR ANGELENOS. WE INSTEAD STAND FOR A LOS ANGELES WITH ABUNDANT HOUSING NEAR GOOD JOBS AND ACCESSIBLE TO CONVENIENT, SUSTAINABLE TRANSIT. THE ABUNDANT HOUSING LA EDUCATION FUND BEGAN AS ABUNDANT HOUSING LA, AN ALL VOLUNTEER ORGANIZATION IN 2016, AND WHILE WEVE GROWN OVER THE YEARS AND REORGANIZED OUR TWO ORGANIZATIONS, MOST OF OUR ON-THE-GROUND WORK IS STILL DONE BY VOLUNTEERS. REACH OUT TO GET INVOLVED AND JOIN THE PARTY!
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Greenlee Chair/treasurer | Officer | 5 | $0 |
Elena Christopoulos Director | 5 | $0 | |
Pam O'connor Director | 5 | $0 | |
Michael Manville Director | 5 | $0 | |
Jose Trinidad Castaneda Director | 5 | $0 | |
Michael Menjivar Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $30,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $953,081 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $983,081 |
| Total Program Service Revenue | $0 |
| Investment income | $700 |
| 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 | $983,781 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $921,117 |
| 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 | $11,924 |
| Pension plan accruals and contributions | $426 |
| Other employee benefits | $756 |
| Payroll taxes | $945 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $301 |
| Fees for services: Accounting | $4,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $3,420 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,875 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $1,996 |
| Royalties | $0 |
| Occupancy | $559 |
| 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 | $4,544 |
| All other expenses | $133 |
| Total functional expenses | $968,350 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $370,238 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $370,238 |
| Accounts payable and accrued expenses | $3,484 |
| 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 | $0 |
| Total liabilities | $3,484 |
| Net assets without donor restrictions | $366,754 |
| 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 | $370,238 |
Grants Awarded
Over the last fiscal year, Abundant Housing La Education Fund has awarded $575,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ABUNDANT HOUSING LA ACTION PURPOSE: Housing Advocacy | $565,000 |
ACCE INSTITUTE PURPOSE: Housing Advocacy | $10,000 |