La Cienega Lomod Inc
- Assets
- $36.7m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 09/1997
- Data as of
- 12/2022
- EIN
- 95-3024201
Organization Overview
La Cienega Lomod Inc is located in Los Angeles, CA. The organization was established in 1997. According to its NTEE Classification (L80) the organization is classified as: Housing 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. LA Cienega Lomod 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 12/2022, LA Cienega Lomod Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $2.4m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RENTAL HOUSING FOR LOW AND MODERATE INCOME FAMILIES (AND ELDERLY PERSONS) ON A NON-PROFIT BASIS, AND TO PROVIDE RELATED FACILITIES AND SERVICES ESPECIALLY DESIGNED TO MEET THE PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS OF SAID FAMILIES AND ELDERLY PERSONS WHICH WILL CONTRIBUTE TO THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION WAS FORMED TO PROVIDE RENTAL HOUSING FOR LOW AND MODERATE INCOME FAMILIES AND INDIVIDUALS, INCLUDING ELDERLY AND HANDICAPPED. THE CORPORATION SHALL HAVE FURTHER GENERAL AND SPECIAL PURPOSES AND POWER TO INCUR INDEBTEDNESS AND IN CONNECTION THEREWITH TO ISSUE BONDS, DEBENTURES, NOTES OR OTHER INDEBTEDNESS, TO LEASE OR PURCHASE REAL AND PERSONAL PROPERTY AVAILABLE FOR SUCH HOUSING AND RELATED PURPOSES. IN 2022, LA CIENEGA LOMOD, INC. PROVIDED MANAGEMENT OF HOUSING SERVICES AND EARNED A 2,500 MANAGEMENT FEE EACH AS A PARTNER IN ALISO VILLAGE I AND II HOUSING PARTNERS,L.P.,(TOTAL 5,000); A 16,126 MANAGEMENT FEE, AND 39,761 MISCELLANEOUS REVENUES AS A PARTNER IN DANA STRAND SENIOR HOUSING LIMITED PARTNERSHIP; A 13,426 MANAGEMENT FEE AS A PARTNER IN DEL RAY SQUARE SENIOR HOUSING L.P.; A 31,669 MANAGEMENT FEE AND 662,805 EARNING DISTRIBUTION AS A PARTNER IN HARBOR VILLAGE; 32,712 IN RENTAL INCOME AND 276,475 IN MISCELLANEOUS REVENUES AS A PARTNER IN WESTLAKE MACARTHUR PARK APARTMENTS LLC; AND 19,233 IN MISCELLANOUS REVENUES AS A PARTER IN AVANATH BALDWIN VILLAGE LP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cielo Castro Chairperson | Trustee | 0.5 | $0 |
Delfino DE La Cruz Director | Trustee | 0.5 | $0 |
Daniel Tenenbaum Director | Trustee | 0.5 | $0 |
Tina Smith-Booth President | Officer | 0.5 | $0 |
Patricia Kataura Treasurer | Officer | 0.5 | $0 |
Lisette Belon Secretary | Officer | 0.5 | $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 | $1,096,712 |
| Investment income | $35,918 |
| 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 | $1,132,630 |
| 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 | $78,966 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,532 |
| Fees for services: Management | $126,175 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,151 |
| Office expenses | $6,709 |
| Information technology | $4,084 |
| 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 | $552,422 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $689,013 |
| Insurance | $427,790 |
| All other expenses | $0 |
| Total functional expenses | $2,448,200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $965,110 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $231,956 |
| 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 | $178,555 |
| Net Land, buildings, and equipment | $31,923,312 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,393,138 |
| Total assets | $36,692,071 |
| Accounts payable and accrued expenses | $404,316 |
| Grants payable | $0 |
| Deferred revenue | $5 |
| 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 | $24,500,000 |
| Other liabilities | $9,755,974 |
| Total liabilities | $34,660,295 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $2,031,776 |
| 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 | $36,692,071 |