Hollywood Community Housing Corporation

Organization Overview

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 12/2022, Hollywood Community Housing Corporation employed 42 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 12/2022, Hollywood Community Housing Corporation generated $11.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.2% each year . All expenses for the organization totaled $10.4m during the year ending 12/2022. While expenses have increased by 20.1% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

LOW-INCOME HOUSING DEVELOPMENT, RESIDENT SERVICES, PROPERTY MANAGEMENT, 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 360 UNITS AS OF DECEMBER 31, 2022 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 PROGRAM IS THE DEVELOPMENT OF AFFORDABLE HOUSING. HCHC IS COMMITTED TO DOING ITS PART TO ADDRESS THE HOUSING CRISIS AND IS BUILDING AFFORDABLE HOUSING, INCLUDING PERMANENT SUPPORTIVE HOUSING (PSH) AT THE FASTEST RATE IN THE ORGANIZATIONS HISTORY. SINCE ITS INCEPTION HCHC HAS DEVELOPED 32 PROPERTIES THAT HOUSE OVER 2,500 PEOPLE IN 1,153 APARTMENT 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. ALL OF HCHC'S HOUSING UNITS ARE AFFORDABLE AND ALMOST 40% OF HCHC'S HOUSING UNITS ARE DESIGNATED TO SUPPORT INDIVIDUALS WITH SPECIAL NEEDS AND THEIR FAMILIES, THOSE DIAGNOSED WITH HIV/AIDS, THOSE WHO HAVE FORMERLY EXPERIENCED CHRONIC HOMELESSNESS, AND PERSONS LIVING WITH CO-OCCURRING AND MULTIPLE DIAGNOSED CONDITIONS. THREE OF HCHC'S BUILDINGS ARE DEDICATED TO SERVING SENIORS ONLY, AND ONE SPECIFICALLY SERVES SENIORS LIVING 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 HCHC RESIDENTS LIVING WITH SPECIAL NEEDS, LOW-INCOME HOUSEHOLDS IN THE NEIGHBORING COMMUNITY, AND INDIVIDUALS WHO MAY IDENTIFY AS HOMELESS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Eleanor Atkins
Senior Housing Finance Consultant
$123,525
Killefer Flammang Architects
Architects
$148,054
Brooks & Scarpa Architects Inc
Architects
$688,310
Cecchetto Productions Inc
Event Planning
$200,000
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$89,800
Related organizations$0
Government grants $3,480,375
All other contributions, gifts, grants, and similar amounts not included above$711,318
Noncash contributions included in lines 1a–1f $24,815
Total Revenue from Contributions, Gifts, Grants & Similar$4,281,493
Total Program Service Revenue$6,796,611
Investment income $220,053
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$37,826
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $11,295,686

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Reach Community Development Inc
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Nevada Affordable Housing Assistance Corporation
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Linc Housing Corporation
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Abode Communities
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A Community Of Friends
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$19,454,068
Habitat For Humanity International Inc
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Century Housing Corporation
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$37,466,757
Los Angeles Lomod South Inc
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Rubicon Programs Inc
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Ltsc Community Development Corporation
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$22,256,319

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