Hollywood Community Housing Corporation is located in Los Angeles, CA. The organization was established in 1994. 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, 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. 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, Hollywood Community Housing Corporation generated $9.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.4% each year . All expenses for the organization totaled $9.4m during the year ending 12/2021. While expenses have increased by 21.6% 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, RESIDENT SERVICES, AND ASSET MANAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HCHC'S HOUSING OPERATIONS INCLUDES THE OPERATIONS OF THE PROPERTIES AND ITS ASSET MANAGEMENT DEPARTMENT WHICH DEVELOPS AND IMPLEMENTS STRATEGIES TO ENSURE THE LONG-TERM HEALTH OF ITS PROPERTIES FOR THE BENEFIT OF ITS RESIDENTS. HCHC ALSO MANAGES 147 UNITS AS OF DECEMBER 31, 2021 AND ANTICIPATES SELF MANAGING ADDITIONAL PROPERTIES IN FUTURE PERIODS. THE DEPARTMENT MONITORS THE LEASE-UP PROCESS OF NEW BUILDINGS, SUPERVISES PROPERTY MANAGEMENT OPERATIONS, ANALYZES FINANCIAL PERFORMANCE, IMPOSES CONTROL OVER PROPERTY MAINTENANCE, MEDIATES RESIDENT GRIEVANCES, AND WORKS WITH ITS HOUSING DEVELOPMENT DEPARTMENT ON DESIGN CONSIDERATIONS FOR NEW BUILDINGS. THE ASSET MANAGEMENT TEAM ACTIVELY SEEKS OUT WAYS TO LOWER OPERATING EXPENSES, PRIMARILY THROUGH GREEN INITIATIVES AND ENERGY SAVINGS PROGRAMS.
HCHC'S CORE PROGRAMS INCLUDE THE DEVELOPMENT OF AFFORDABLE HOUSING AND PERMANENT SUPPORTIVE HOUSING. SINCE ITS INCEPTION, HCHC HAS DEVELOPED 32 PROPERTIES THAT HOUSE OVER 2,500 PEOPLE IN 1,153 UNITS OF SAFE, ATTRACTIVE AND CENTRALLY LOCATED AFFORDABLE HOUSING. RESIDENTS OF HCHC PROPERTIES HAVE EXTREMELY LOW- TO LOW-INCOMES, TYPICALLY EARNING BELOW 60% OF THE AREA MEDIAN INCOME. OVER 30% OF HCHC'S HOUSING UNITS ARE DESIGNATED FOR SPECIAL-NEEDS INDIVIDUALS AND THEIR FAMILIES, THOSE DISABLED BY HIV/AIDS, FORMERLY CHRONICALLY HOMELESS INDIVIDUALS AND/OR PERSONS LIVING WITH CO-OCCURRING AND MULTIPLE CONDITIONS. THREE OF HCHC'S BUILDINGS SERVE ONLY SENIORS, ONE SPECIFICALLY FOR SENIORS WITH SPECIAL NEEDS.
HCHC'S RESIDENT SERVICES PROGRAM PROVIDES CARE COORDINATION, REFERRAL AND LINKAGE TO RESOURCES, CRISIS INTERVENTION, A FOOD PANTRY, ESL CLASSES, GED INSTRUCTION, GROUP/INDIVIDUAL THERAPY, AND LIFE-SKILLS CLASSES. WHEN CIRCUMSTANCES LIKE A PANDEMIC ARE NOT A FACTOR, HCHC'S FOOD PANTRY IS OPEN ONCE A WEEK TO HCHC RESIDENTS AND THE COMMUNITY AT LARGE AND PROVIDES FOOD STAPLES, MEAT, AND VEGETABLES EVERY MONTH. PEOPLE ACCESSING THE FOOD PANTRY INCLUDE A NUMBER OF SPECIAL-NEEDS RESIDENTS WHO LIVE IN HCHC COMMUNITIES, LOW-INCOME HOUSEHOLDS IN THE NEIGHBORING COMMUNITY, AND INDIVIDUALS WHO IDENTIFY AS HOMELESS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Sarah Davis Letts Executive Director | Officer | 40 | $210,302 |
Malen Rodriguez Asset Mgmt. Director | Officer | 40 | $171,976 |
Victoria Senna Housing Dev. Director | Officer | 40 | $170,751 |
Jim Young Suh Controller | 40 | $144,110 | |
Riddhi Chakraborty Housing Dev Specialist | 40 | $127,256 | |
Marcela L Rivera Resident Svc Director | 40 | $123,104 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Eleanor Atkins Senior Housing Finance Consultant | 12/30/19 | $123,525 |
Brooks & Scarpa Architects Inc Architects | 12/30/19 | $688,310 |
Killefer Flammang Architects Architects | 12/30/19 | $148,054 |
Cecchetto Productions Inc Event Planning | 12/30/19 | $200,000 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $744,396 |
All other contributions, gifts, grants, and similar amounts not included above | $466,362 |
Noncash contributions included in lines 1a–1f | $23,407 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,210,758 |
Total Program Service Revenue | $7,752,323 |
Investment income | $106,703 |
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 | $9,106,677 |
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. | $553,029 |
Compensation of current officers, directors, key employees. | $42,060 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $2,100,762 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $263,927 |
Payroll taxes | $139,412 |
Fees for services: Management | $535,103 |
Fees for services: Legal | $26,426 |
Fees for services: Accounting | $208,010 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $96,351 |
Advertising and promotion | $18,455 |
Office expenses | $309,680 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $3,172,735 |
Travel | $5,747 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $40,488 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,572,598 |
Insurance | $32,941 |
All other expenses | $58,237 |
Total functional expenses | $9,406,673 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $5,521,914 |
Savings and temporary cash investments | $1,321,503 |
Pledges and grants receivable | $134,527 |
Accounts receivable, net | $186,338 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $12,513,207 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $81,945 |
Net Land, buildings, and equipment | $52,476,674 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $3,479,850 |
Intangible assets | $135,588 |
Other assets | $11,975,332 |
Total assets | $87,826,878 |
Accounts payable and accrued expenses | $518,765 |
Grants payable | $0 |
Deferred revenue | $39,704 |
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 | $55,511,551 |
Unsecured mortgages and notes payable | $2,000,000 |
Other liabilities | $19,315,128 |
Total liabilities | $77,385,148 |
Net assets without donor restrictions | $10,296,730 |
Net assets with donor restrictions | $145,000 |
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 | $87,826,878 |
Over the last fiscal year, we have identified 8 grants that Hollywood Community Housing Corporation has recieved totaling $168,715.
Awarding Organization | Amount |
---|---|
Kaiser Foundation Hospitals Oakland, CA PURPOSE: Hchc's Trauma-informed Care (Tic) Focused Resident | $50,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $30,000 |
Queenscare Los Angeles, CA PURPOSE: To fund health related services provided AIDS patients. | $30,000 |
Leon Lowenstein Foundation Inc New Haven, CT PURPOSE: CHARITABLE | $25,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $18,210 |
Mufg Union Bank Foundation Ag Phoenix, AZ PURPOSE: CHARITABLE | $15,000 |
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 |