Los Angeles Room & Board
- Assets
- $283.5k
- Revenue
- $890.8k
- Investments
- $0.0
- Employees
- 5
- Location
- Los Angeles, CA
- Founding
- 05/2019
- Data as of
- 12/2021
- EIN
- 83-3172348
Organization Overview
Los Angeles Room & Board is located in Los Angeles, CA. The organization was established in 2019. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Los Angeles Room & Board employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Los Angeles Room & Board 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, Los Angeles Room & Board generated $890.8k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $1.1m 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
THE MISSION OF LOS ANGELES ROOM & BOARD (LARB) IS TO ENSURE THAT CALIFORNIAS COMMUNITY COLLEGE STUDENTS REALIZE THEIR POSTSECONDARY EDUCATION GOALS BY PROVIDING AFFORDABLE TRANSITIONAL HOUSING DESIGNED TO END HOMELESSNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OPPORTUNITY HOUSE, A 50-BED FACILITY, WILL PROVIDE STABILITY AND SUPPORT TO RESILIENT STUDENTS IN PURSUIT OF THEIR COLLEGE DEGREE. STUDENTS WILL EXPERIENCE A VIBRANT RESIDENTIAL LIVING AND LEARNING COMMUNITY THAT EMPHASIZES INTERPERSONAL LEADERSHIP, SCHOLARSHIP, AND SERVICE TO COMMUNITY.OUR 24-HR LIVE-IN STAFF WILL PROVIDE A CONTINUUM OF CARE FOR ACCESS TO HEALTH AND SOCIAL SERVICES AS WELL AS A GUIDANCE AND DIRECTION INFORMED BY STUDENT DEVELOPMENT THEORY. OPPORTUNITY HOUSE STUDENTS WILL HAVE ACCESS TO HEALTHY AND NUTRITIOUS MEALS AND OUR STAFF AND COMMUNITY PARTNERS WILL PROVIDE DYNAMIC WRAP-AROUND SUPPORT THAT INCLUDES: TUTORING AND ACADEMIC MENTORSHIP, MENTAL HEALTH AND WELLNESS, JOB TRAINING AND CAREER DEVELOPMENT, FINANCIAL LITERACY, AND MORE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samuel Prater Founder | Officer | 40 | $85,000 |
Andres Cantero Jr Treasurer And Secretary | Trustee | 0 | $0 |
Henry Weaver Vice Chair | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $40,737 |
| Membership dues | $2,700 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $749,113 |
| All other contributions, gifts, grants, and similar amounts not included above | $51,637 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $844,187 |
| Total Program Service Revenue | $46,627 |
| Investment income | $0 |
| 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 | $890,814 |
| 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. | $50,000 |
| Compensation of current officers, directors, key employees. | $50,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $244,438 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,334 |
| Payroll taxes | $72,576 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $16,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,500 |
| Advertising and promotion | $0 |
| Office expenses | $5,000 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,735 |
| 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 | $12,197 |
| All other expenses | $545,678 |
| Total functional expenses | $1,065,277 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $224,402 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $51,637 |
| 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 | -$1,642 |
| Net Land, buildings, and equipment | $9,106 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $283,503 |
| Accounts payable and accrued expenses | -$25,684 |
| 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 | -$25,684 |
| Net assets without donor restrictions | $309,187 |
| 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 | $283,503 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Los Angeles Room & Board has recieved totaling $181,300.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $63,000 |
Reissa Foundation Wilmington, DE PURPOSE: THE OPPORTUNITY HOUSE | $50,000 |
Specialty Family Foundation El Segundo, CA PURPOSE: GENERAL | $25,000 |
Los Angeles Rams Foundation Agoura Hills, CA PURPOSE: ANNUAL COMMITMENT | $20,000 |
Carrie Estelle Doheny Foundation Los Angeles, CA PURPOSE: SUPPORTIVE HOUSING & SERVICES FOR COMMUNITY COLLEGE STUDENTS | $10,000 |
The John And Marilyn Wells Family Foundation Encino, CA PURPOSE: UNRESTRICTED | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eden Investments Inc Hayward, CA | $35,016,313 | $30,534,205 |
Turk Street Inc San Francisco, CA | $36,581,577 | $10,576,295 |
A Community Of Friends Los Angeles, CA | $60,441,352 | $19,454,068 |
Oregon Coast Community Action Coos Bay, OR | $16,109,030 | $18,585,692 |
Abode Communities Los Angeles, CA | $48,420,643 | $18,096,266 |
Habitat For Humanity Portland Metro East Portland, OR | $35,667,707 | $17,313,274 |
Vista Del Monte Affordable Housing Inc Keene, CA | $19,598,964 | $14,888,615 |
Rubicon Programs Inc Richmond, CA | $13,905,498 | $18,401,820 |
Sacramento Self-Help Housing Inc Sacramento, CA | $3,575,796 | $15,208,752 |
The Mortgage Capital Development Company Oakland, CA | $77,426,961 | $21,275,511 |
Century Housing Corporation Culver City, CA | $579,661,365 | $33,491,484 |
Oregon Affordable Housing Assistance Corporation Salem, OR | $27,410,918 | $14,226,353 |