River City Affordable Housing
- Assets
- $18.4m
- Revenue
- $433.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- Data as of
- 12/2021
- EIN
- 85-2949183
Organization Overview
River City Affordable Housing is located in Los Angeles, CA. River City Affordable Housing 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, River City Affordable Housing generated $433.6k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 31.8% each year . All expenses for the organization totaled $463.1k 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
ORGANIZATION PROVIDES HOUSING FOR LOW-INCOME PERSONS AND RELIEVES THE POOR AND DISTRESSED; IS AUTHORIZED TO FOSTER THE PRODUCTION AND PRESERVATION OF AFFORDABLE HOUSING FOR LOW-INCOME FAMILIES; PROVIDE HOUSING FACILITIES AND SPECIAL SERVICES FOR DISABLED PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION RECEIVED RENTS AND INCURRED RELATED EXPENSES IN THE COURSE OF PROVIDING HOUSING FOR LOW-INCOME PERSONS TO RELIEVE THE POOR AND DISTRESSED, FULFULLING ITS MISSION TO FOSTER THE PRODUCTION AND PRESERVATION OF AFFORDABLE HOUSING FOR LOW-INCOME FAMILIES, PROVIDE HOUSING FACILITIES AND SPECIAL SERVICES FOR DISABLED PERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicholas Meerson Director & Treasurer | OfficerTrustee | 5 | $0 |
Winston Fisch Director & President | OfficerTrustee | 6 | $0 |
Dasha Kosmynina Director - Vpsecretary | OfficerTrustee | 5 | $0 |
Joseph Kim Director | Trustee | 4 | $0 |
Jeff Buren Director | Trustee | 4 | $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 | $0 |
| Investment income | $168,660 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $265,094 |
| 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 | $433,588 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,248 |
| 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 | $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 | $76,003 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $372,119 |
| Insurance | $4,723 |
| All other expenses | -$1 |
| Total functional expenses | $463,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $298,061 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $55,529 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,173,593 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $222,966 |
| Net Land, buildings, and equipment | $15,185,408 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $671 |
| Intangible assets | $462,803 |
| Other assets | $0 |
| Total assets | $18,399,031 |
| Accounts payable and accrued expenses | $86,926 |
| Grants payable | $0 |
| Deferred revenue | $154,091 |
| 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 | $17,762,887 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $182,024 |
| Total liabilities | $18,185,928 |
| Net assets without donor restrictions | $213,103 |
| 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 | $18,399,031 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Development Foundation Woodland, CA | $499,472 | $124,731 |
Plan De Salud Del Valle Inc Fort Lupton, CO | $84,737,500 | $104,985,059 |
Community Development Institute Head Start Denver, CO | $4,503,361 | $99,466,958 |
Colorado Coalition For The Homeless Denver, CO | $156,626,043 | $115,127,641 |
W M Keck Foundation Los Angeles, CA | $1,878,594,082 | $132,529,748 |
Translational Genomics Research Institute Phoenix, AZ | $224,233,974 | $175,687,790 |
Central Valley General Hospital Hanford, CA | $0 | $118,529,798 |
Community Action Partnership Of San Luis Obispo County Inc San Luis Obispo, CA | $35,822,140 | $99,105,503 |
San Francisco Culinary Bartenders & Service Employees Welfare Fund Seattle, WA | $67,749,672 | $85,873,278 |
San Francisco Museum Of Modern Art San Francisco, CA | $782,459,375 | $60,826,981 |
Rogue Credit Union Medford, OR | $2,944,952,062 | $136,267,424 |
Presbyterian Retirement Communities Northwest Bellevue, WA | $589,407,305 | $86,965,439 |