Housing Opportunity Corporation
- Assets
- $70.9m
- Revenue
- $11.8m
- Investments
- $0.0
- Employees
- 3
- Location
- Los Angeles, CA
- Founding
- 09/1996
- Data as of
- 12/2022
- EIN
- 95-3024203
Organization Overview
Housing Opportunity Corporation is located in Los Angeles, CA. The organization was established in 1996. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Housing Opportunity Corporation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Opportunity Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HOUSING OPPORTUNITY CORPORATION IS FORMED TO PROVIDE ASSISTANCE TO THE HOUSING AUTHORITY BY OWNING AND OPERATING MULTIFAMILY RESIDENTIAL RENTAL PROPERTIES AND RELATED FACILITIES, LAND AND EQUIPMENT FOR THE USE AND BENEFIT OF THE AUTHORITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACQUIRED PROPERTY FOR LOW INCOME HOUSING.
NO ACTIVITY TO REPORT.
NO ACTIVITY TO REPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tina Smith Booth President | Officer | 10.4 | $0 |
Patricia Kataura Treasurer | Officer | 10.4 | $0 |
Lisette Belon Secretary | Officer | 10.4 | $0 |
Daniel Tenenbaum Board Member | Trustee | 0 | $0 |
Cielo Castro Board Member | Trustee | 0 | $0 |
Delfino DE La Cruz Board Member | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Los Angeles Dwp Water, Electricity And Sewer Utility Company | 12/30/22 | $1,391,801 |
Clemson Corbett Hoa Monthly Homeoners Association Dues At Clemenson Corbet | 12/30/22 | $514,659 |
Emplicity Property Management Staffing Salaries And Benefits | 12/30/22 | $276,591 |
Hd Supply Hardware, Cleaning Supplies And Appliances | 12/30/22 | $200,580 |
Trl Systems Inc Alarm Replacements | 12/30/22 | $175,902 |
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 | $11,571,871 |
| Investment income | $100,419 |
| 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 | $11,789,029 |
| 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 | $1,643,670 |
| Fees for services: Legal | $13,802 |
| Fees for services: Accounting | $26,708 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,949 |
| Office expenses | $89,244 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,161 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,384,904 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,445,278 |
| Insurance | $417,604 |
| All other expenses | $1,489,716 |
| Total functional expenses | $10,972,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,991,220 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $566,534 |
| 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 | $146,165 |
| Net Land, buildings, and equipment | $55,064,458 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,168,760 |
| Total assets | $70,937,137 |
| Accounts payable and accrued expenses | $113,184 |
| Grants payable | $0 |
| Deferred revenue | $22,840 |
| 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 | $41,807,011 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,285,669 |
| Total liabilities | $43,228,704 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$27,356,025 |
| Paid-in or capital surplus, or land, building, or equipment fund | $55,064,458 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $70,937,137 |