Single Room Occupancy Housing Corp
- Assets
- $74.8m
- Revenue
- $21.7m
- Investments
- $0.0
- Employees
- 258
- Location
- Los Angeles, CA
- Founding
- 07/1984
- Data as of
- 06/2022
- EIN
- 95-3909215
Organization Overview
Single Room Occupancy Housing Corp is located in Los Angeles, CA. The organization was established in 1984. 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 06/2022, Single Room Occupancy Housing Corp employed 258 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Single Room Occupancy Housing Corp 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 06/2022, Single Room Occupancy Housing Corp generated $21.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $22.9m during the year ending 06/2022. While expenses have increased by 11.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SRO HOUSING IS DEDICATED TO BUILDING A VIBRANT COMMUNITY FOR HOMELESS AND LOW-INCOME INDIVIDUAL MEN AND WOMEN. WE PURSUE OUR MISSION OF COMMUNITY REVITALIZATION BY PROVIDING CLEAN, SAFE, AND AFFORDABLE HOUSING, MANAGING PUBLIC SPACE, AND ADMINISTERING NEEDED SUPPORTIVE SERVICES WITH OVER 2,500 UNITS, INCLUDING THOSE IN DEVELOPMENT.
Describe the Organization's Program Activity:
SRO HOUSING CORPORATION PROVIDES PERMANENT SUPPORTING HOUSING TO OVER 2,000 HOMELESS AND LOW-INCOME RESIDENTS IN LOS ANGELES. SUPPORTIVE SERVICES INCLUDE CASE MANAGEMENT, FREE MEAL AND TRANSPORTATION SERVICES TO SENIORS, FREE WEEKLY FOOD BANK DELIVERIES AND RECREATIONAL AND SOCIALIZATION ACTIVITIES. SECURITY SERVICES ARE PROVIDED 24 HOURS A DAY.
OTHER SOCIAL SERVICES
SRO HOUSING CORPORATION PROVIDES SHORT-TERM EMERGENCY HOUSING AND ON-SITE SUPPORTIVE SERVCIES TO OVER 1,000 HOMELESS INDIVIDUALS IN ITS 168 PRIVATE EMERGENCY HOUSING UNITS AT THE RUSS HOTEL. SECURITY AND DESK CLERK SERVICES ARE PROVIDED. THE AVERAGE STAY OF A CLIENT IS APPROXIMATELY TWO MONTHS. ALL CLIENTS RECEIVE A WIDE RANGE OF SUPPORTIVE SERVICES THAT INCLUDES ON-SITE CASE MANAGEMENT, FREE MEALS AND TRANSPORTATION.
SRO HOUSING CORPORATION PROVIDES TRANSITIONAL SUPPORTING HOUSING AND ONSITE SUPPORTIVE SERVICES TO HOMELESS VETERANS IN THE MARSHAL HOUSE . THE MARSHALL HOUSE HAS 72 PRIVATE UNITS OF TRANSITIONAL HOUSING AND COMMUNITY SPACE FOR CLIENTS; 24 HR SECURITY IS PROVIDED. SUPPORTIVE SERVICES INCLUDE CASE MANAGEMENT, JOB TRAINING AND READINESS, FREE MEALS, TRANSPORTATION AND A WIDE VARIETY OF RECREATIONAL AND SOCIALIZATION ACTIVITIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alton L Wright Director | Trustee | 1 | $0 |
Andrea Jackson Vice Chair | OfficerTrustee | 1 | $0 |
June Park Secretary | OfficerTrustee | 1 | $0 |
Kathy Norris Audit Chair | Trustee | 1 | $0 |
Robert Pratt Director | Trustee | 1 | $0 |
Westley Sholes Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ej Design Source Design Services | 6/29/22 | $583,622 |
Kfa Llp Killefer Flammang Architects Architects | 6/29/22 | $261,445 |
Holthouse Carlin & Van Trigt Llp Accounting And Audit | 6/29/22 | $154,190 |
Renoir Staffing Llc Temporary Help Services | 6/29/22 | $312,247 |
E-z Flooring Co Construction | 6/29/22 | $217,500 |
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 | $118,778 |
| Noncash contributions included in lines 1a–1f | $103,160 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $118,778 |
| Total Program Service Revenue | $21,621,403 |
| Investment income | $7,436 |
| 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 | $21,747,617 |
| 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. | $477,429 |
| Compensation of current officers, directors, key employees. | $76,483 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,020,681 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,583,394 |
| Payroll taxes | $622,092 |
| Fees for services: Management | $35,581 |
| Fees for services: Legal | $97,324 |
| Fees for services: Accounting | $113,905 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,260,330 |
| Advertising and promotion | $48,289 |
| Office expenses | $296,130 |
| Information technology | $63,003 |
| Royalties | $0 |
| Occupancy | $2,281,391 |
| Travel | $65,075 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $540 |
| Interest | $1,476,090 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,649,944 |
| Insurance | $970,331 |
| All other expenses | $1,021,571 |
| Total functional expenses | $22,918,541 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,725,708 |
| Savings and temporary cash investments | $5,335,970 |
| Pledges and grants receivable | $1,531,488 |
| Accounts receivable, net | $122,750 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,009,680 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $206,875 |
| Net Land, buildings, and equipment | $51,970,328 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,907,190 |
| Total assets | $74,809,989 |
| Accounts payable and accrued expenses | $1,686,645 |
| Grants payable | $0 |
| Deferred revenue | $7,177,907 |
| 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 | $100,983,383 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,595,721 |
| Total liabilities | $116,443,656 |
| Net assets without donor restrictions | -$41,854,488 |
| Net assets with donor restrictions | $220,821 |
| 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 | $74,809,989 |