West Hollywood Community Housing Corporation
- Assets
- $19.6m
- Revenue
- $7.5m
- Investments
- $0.0
- Employees
- 26
- Location
- West Hollywood, CA
- Founding
- 10/1991
- Data as of
- 12/2021
- EIN
- 95-4122368
Organization Overview
West Hollywood Community Housing Corporation is located in West Hollywood, CA. The organization was established in 1991. 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, West Hollywood Community Housing Corporation employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Hollywood Community Housing Corporation 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, West Hollywood Community Housing Corporation generated $7.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $3.5m during the year ending 12/2021. While expenses have increased by 6.0% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
LOW-INCOME HOUSING DEVELOPMENT AND MANAGEMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOW-INCOME HOUSING DEVELOPMENT PLANNING, ACQUISITION, COORDINATION OF FINANCING, CONSTRUCTION, REHABILITATION, MANAGEMENT, AND TENANT SERVICES FOR LOW-INCOME AND HOPWA HOUSING PROJECTS. THE AGENCY HAS DEVELOPED 782 UNITS AND IS CURRENTLY MANAGING 702 UNITS OF HOUSING.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jesse Slansky President & CEO | Officer | 40 | $275,500 |
Matthew Mason Dir Of Re Develpmt | 40 | $139,820 | |
Walter Maynard Dir Of Asset Mgmt | 40 | $121,694 | |
Daniel Pepper Dir Of Res Service | 40 | $114,305 | |
Eiko Amy Okamura Controller | 40 | $107,045 | |
Alexander Bazley Vice Chairman | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $728,423 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,595,086 |
| Noncash contributions included in lines 1a–1f | $1,526,481 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,323,509 |
| Total Program Service Revenue | $4,175,854 |
| Investment income | $1,104 |
| 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 | $7,500,467 |
| 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. | $287,893 |
| Compensation of current officers, directors, key employees. | $143,946 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,772,977 |
| Pension plan accruals and contributions | $38,134 |
| Other employee benefits | $177,063 |
| Payroll taxes | $158,453 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,932 |
| Fees for services: Accounting | $37,854 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $190,875 |
| Advertising and promotion | $0 |
| Office expenses | $124,525 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,593 |
| Travel | $1,725 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,900 |
| Interest | $121,336 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $87,287 |
| Insurance | $105,884 |
| All other expenses | $84,540 |
| Total functional expenses | $3,519,421 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,091,290 |
| Savings and temporary cash investments | $1,258,356 |
| Pledges and grants receivable | $220,853 |
| Accounts receivable, net | $2,902,299 |
| 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 | $46,124 |
| Net Land, buildings, and equipment | $5,106,581 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,014,913 |
| Total assets | $19,640,416 |
| Accounts payable and accrued expenses | $270,778 |
| 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 | $6,655,016 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,243,926 |
| Total liabilities | $8,169,720 |
| Net assets without donor restrictions | $11,054,447 |
| Net assets with donor restrictions | $416,249 |
| 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 | $19,640,416 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that West Hollywood Community Housing Corporation has recieved totaling $110,281.
| Awarding Organization | Amount |
|---|---|
The Annenberg Foundation Conshohocken, PA PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $30,000 |
Mufg Union Bank Foundation Ag Phoenix, AZ PURPOSE: CHARITABLE | $20,000 |
The David Geffen Foundation Los Angeles, CA PURPOSE: GENERAL SUPPORT | $10,000 |
Arthur J Gallagher Foundation Rolling Meadows, IL PURPOSE: GENERAL EXEMPT PURPOSE | $200 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $81 |
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 |