A Community Of Friends
- Assets
- $60.4m
- Revenue
- $19.5m
- Investments
- $0.0
- Employees
- 99
- Location
- Los Angeles, CA
- Founding
- 03/1989
- Data as of
- 06/2022
- EIN
- 95-4203106
Organization Overview
A Community Of Friends is located in Los Angeles, CA. The organization was established in 1989. 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, A Community Of Friends employed 99 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. A Community Of Friends 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, A Community Of Friends generated $19.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $18.9m during the year ending 06/2022. While expenses have increased by 14.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVISION OF QUALITY PERMANENT SUPPORTIVE HOUSING FOR PEOPLE WITH MENTAL ILLNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENTAL OPERATIONS OF 18 WHOLLY OWNED AFFORDABLE HOUSING PROPERTIES.
PROVISION OF SUPPORTIVE SERVICES FOR TENANTS LIVING IN THE AFFORDABLE HOUSING THAT HAS BEEN DEVELOPED.
DEVELOPMENT OF AFFORDABLE HOUSING FOR PEOPLE WITH SPECIAL NEEDS THROUGH NEW CONSTRUCTION AND REHABILITATION OF EXISTING BUILDINGS. ASSIST LIMITED PARTNERSHIPS IN ACQUISITION OF LAND AND BUILDINGS. ASSET MANAGEMENT OF PROPERTIES ONCE DEVELOPMENT IS COMPLETED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dora Leong Gallo President/chief Executive | Officer | 40 | $218,098 |
Renae S Dement Chief Financial Officer | Officer | 40 | $157,578 |
Mee Heh Risdon Director Of Housing | 40 | $140,073 | |
Ayde Gonzalez Chief Operating Officer | Officer | 40 | $137,049 |
Adriana Stephanie Quiquivix Senior Project Manager | 40 | $122,805 | |
Patrick John Day Senior Asset Manager | 40 | $119,303 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gateways Hospital And Mental Health Cent Social Services | 6/29/22 | $116,314 |
Social Service Professionals Temp Social Workers | 6/29/22 | $785,473 |
Mnemonic Computer Solutions Llc Computer Services | 6/29/22 | $147,470 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,483,252 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,845,503 |
| Noncash contributions included in lines 1a–1f | $258,579 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,328,755 |
| Total Program Service Revenue | $13,059,120 |
| Investment income | $53,218 |
| 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 | $19,454,068 |
| 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. | $573,876 |
| Compensation of current officers, directors, key employees. | $148,705 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,281,781 |
| Pension plan accruals and contributions | $146,034 |
| Other employee benefits | $516,096 |
| Payroll taxes | $384,429 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,798 |
| Fees for services: Accounting | $66,153 |
| Fees for services: Lobbying | $125 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,190,925 |
| Advertising and promotion | $25,039 |
| Office expenses | $351,867 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $507,094 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,135 |
| Interest | $488,974 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $212,799 |
| Insurance | $77,821 |
| All other expenses | $354,250 |
| Total functional expenses | $18,916,920 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,030,380 |
| Savings and temporary cash investments | $1,908,802 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,716,252 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,153,713 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $224,428 |
| Net Land, buildings, and equipment | $23,526,838 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $4,324,520 |
| Intangible assets | $0 |
| Other assets | $7,556,419 |
| Total assets | $60,441,352 |
| Accounts payable and accrued expenses | $3,147,406 |
| 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 | $52,555,626 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $585,628 |
| Total liabilities | $56,288,660 |
| Net assets without donor restrictions | $3,731,648 |
| Net assets with donor restrictions | $421,044 |
| 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 | $60,441,352 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that A Community Of Friends has recieved totaling $535,780.
| Awarding Organization | Amount |
|---|---|
Thdf Ii Inc Atlanta, GA PURPOSE: To assist local charities | $375,000 |
Hollywood Food Coalition Los Angeles, CA PURPOSE: COMMUNITY ASSISTANCE | $66,857 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $30,000 |
Mufg Union Bank Foundation Ag Phoenix, AZ PURPOSE: CHARITABLE | $20,000 |
Mend-Meet Each Need With Dignity Pacoima, CA PURPOSE: COMMUNITY ASSISTANCE | $16,241 |
Garfield Family Foundation San Diego, CA PURPOSE: CHARITABLE PURPOSES | $15,448 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Habitat For Humanity International Inc Oakland, CA | $41,053,789 | $44,589,163 |
National Community Renaissance Of California Rancho Cucamonga, CA | $192,617,949 | $51,023,842 |
Bridge Housing Corporation San Francisco, CA | $222,728,888 | $38,426,338 |
Baywood Apartments Inc Hayward, CA | $6,801,146 | $110,627 |
Eden Development Inc Hayward, CA | $30,040,019 | $4,613,123 |
Habitat For Humanity International Inc Bellflower, CA | $37,732,130 | $31,053,929 |
Reach Community Development Inc Portland, OR | $100,210,196 | $29,644,026 |
Millennium Housing Corporation Costa Mesa, CA | $189,019,442 | $31,052,319 |
Chinatown Community Development Center Inc San Francisco, CA | $109,257,292 | $38,436,421 |
Self Help Enterprises Visalia, CA | $105,976,522 | $29,798,676 |
Jamboree Housing Corporation Irvine, CA | $221,855,825 | $24,784,050 |
Single Room Occupancy Housing Corp Los Angeles, CA | $62,333,693 | $24,140,740 |