Venice Community Housing Corporation
- Assets
- $95.1m
- Revenue
- $8.4m
- Investments
- $0.0
- Employees
- 57
- Location
- Venice, CA
- Founding
- 05/1993
- Data as of
- 12/2022
- EIN
- 95-4200761
Organization Overview
Venice Community Housing Corporation is located in Venice, CA. The organization was established in 1993. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Venice Community Housing Corporation employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Venice 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, Venice Community Housing Corporation generated $8.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $8.4m during the year ending 12/2022. While expenses have increased by 10.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
LOW-INCOME HOUSING DEVELOPMENT AND MANAGEMENT. SOCIAL SERVICES, JOB TRAINING AND EDUCATION FOR AT RISK YOUTH AND LOW INCOME CONSTITUENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFFORDABLE HOUSING:VCHC CURRENTLY OWNS AND OPERATES 252 UNITS OF AFFORDABLE AND SUPPORTIVE HOUSING IN 17 PROPERTIES AND OPERATES AN ADDITIONAL 28 UNITS OF SHORT-TERM HOUSING FOR FAMILIES AND TRANSITION AGED YOUTH EXPERIENCING HOMELESSNESS. VCHC PROVIDES THE PROPERTY MANAGEMENT AND MAINTENANCE SERVICES FOR ALL PROPERTIES, AND WORKS TO PRESERVE AND EXPAND HOUSING OPPORTUNITIES THROUGH NEW CONSTRUCTION AND REHABILITATION OPPORTUNITIES.
RESIDENT SERVICES:VCHC PROVIDES TRAUMA-INFORMED RESOURCES AND SUPPORTS THAT TENANTS AND PROGRAM PARTICIPANTS NEED TO SECURE AND MAINTAIN HOUSING, IMPROVE HEALTH, ENHANCE EDUCATION, AND THRIVE IN THEIR COMMUNITIES. SERVICES AND RESOURCES INCLUDE ONE-ON-ONE CASE MANAGEMENT AND COUNSELING, HEALTH AND MENTAL HEALTH SUPPORTS, FOOD AND TRANSPORTATIONASSISTANCE, AND MANY MORE.
YOUTH DEVELOPMENT PROGRAMS:VCHC PROVIDES COMPREHENSIVE EDUCATIONAL, JOB TRAINING AND LEADERSHIP DEVELOPMENT OPPORTUNITIES FOR YOUTH AGES 18 24, INCLUDING AN ON-SITE HIGH SCHOOL. VCHC'S STUDY LOUNGE PROGRAM PROVIDES ACADEMIC-FOCUSED AFTER SCHOOL ACTIVITIES INCLUDING TUTORING, MENTORING, AND RECREATION FOR CHILDREN AGES 6-12.
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 |
|---|---|---|---|
Sophia Guel-Valenzuela Director | Trustee | 0.27 | $0 |
Sylvia Aroth Treasurer | OfficerTrustee | 0.5 | $0 |
Michelle Groisman Co-Chairperson | OfficerTrustee | 0.5 | $0 |
Faisal Hussain Co-Chairperson | OfficerTrustee | 0.5 | $0 |
Theresa Hwang Director | Trustee | 0.27 | $0 |
Daniel Johnson Director | Trustee | 0.27 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dreyfuss Construction General Contracting And Construction Man | 12/30/22 | $2,550,620 |
Perea Construction Acquistion, Management, Preservation/con | 12/30/22 | $1,266,130 |
Walton Construction Pre-construction, Construction And Post- | 12/30/22 | $4,012,040 |
Kfa Llp Architecture, Design And Master Planning | 12/30/22 | $313,017 |
Overland Pacific & Cutler Llc Providing Affordable Housing | 12/30/22 | $309,824 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $235,200 |
| Related organizations | $1,469,654 |
| Government grants | $3,398,078 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,397,098 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,500,030 |
| Total Program Service Revenue | $1,860,958 |
| Investment income | $20,491 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$168,274 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,403,496 |
| 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. | $110,369 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,797,055 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $357,449 |
| Payroll taxes | $230,735 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $68,254 |
| Fees for services: Accounting | $297,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $66,124 |
| Office expenses | $323,708 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $441,010 |
| Travel | $39,434 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $933,328 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,239,267 |
| Insurance | $245,817 |
| All other expenses | $3,033 |
| Total functional expenses | $8,430,196 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,823,310 |
| Savings and temporary cash investments | $3,509,866 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $666,277 |
| 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 | $0 |
| Net Land, buildings, and equipment | $60,546,877 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $250,000 |
| Intangible assets | $66,199 |
| Other assets | $20,209,390 |
| Total assets | $95,071,919 |
| Accounts payable and accrued expenses | $2,580,332 |
| Grants payable | $0 |
| Deferred revenue | $44,436 |
| 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 | $58,568,341 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,691,025 |
| Total liabilities | $84,884,134 |
| Net assets without donor restrictions | $7,917,148 |
| Net assets with donor restrictions | $2,270,637 |
| 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 | $95,071,919 |