Los Angeles County Housing Development Corporation

Organization Overview

Los Angeles County Housing Development Corporation is located in Alhambra, CA. The organization was established in 1994. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Los Angeles County Housing Development 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 12/2023, Los Angeles County Housing Development Corporation generated $1.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $1.6m during the year ending 12/2023. While expenses have increased by 7.6% per year over the past 9 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

2023

Describe the Organization's Mission:

Part 3 - Line 1

LOS ANGELES COUNTY HOUSING DEVELOPMENT CORPORATION WAS INCORPORATED ON OCTOBER 16, 1989 AS A NONPROFIT PUBLIC BENEFIT CORPORATION, TO CONSTRUCT, OWN AND OPERATE A 35 UNIT APARTMENT PROJECT LOCATED IN THE UNINCORPORATED WILLOWBROOK AREA OF LOS ANGELES COUNTY, CALIFORNIA, KNOWN AS CANNON APARTMENTS PROJECT. THE PROJECT WAS ENDORSED FOR INSURANCE UNDER SECTION 241(F) OF THE NATIONAL HOUSING ACT, WITH THE SECRETARY OF HOUSING AND URBAN DEVELOPMENT. ALL OF THE UNITS QUALIFY FOR FEDERAL RENT SUBSIDY PURSUANT TO SECTION 8 OF THE U.S. HOUSING ACT OF 1937, AS AMENDED.

Describe the Organization's Program Activity:

Part 3 - Line 4a

LOS ANGELES COUNTY HOUSING DEVELOPMENT CORPORATION WAS INCORPORATED ON OCTOBER 16, 1989 AS A NONPROFIT PUBLIC BENEFIT CORPORATION, TO CONSTRUCT, OWN AND OPERATE A 35 UNIT APARTMENT PROJECT LOCATED IN THE UNINCORPORATED WILLOWBROOK AREA OF LOS ANGELES COUNTY, CALIFORNIA, KNOWN AS CANNON APARTMENTS PROJECT. THE PROJECT WAS ENDORSED FOR INSURANCE UNDER SECTION 241(F) OF THE NATIONAL HOUSING ACT, WITH THE SECRETARY OF HOUSING AND URBAN DEVELOPMENT. ALL OF THE UNITS QUALIFY FOR FEDERAL RENT SUBSIDY PURSUANT TO SECTION 8 OF THE U.S. HOUSING ACT OF 1937, AS AMENDED.


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Board, Officers & Key Employees

Name (title)Compensation
Emilio Salas
Chairman
$0
Manuel Salazar
Vice Chairman
$0
Daniel Wiles
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $519,581
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$519,581
Total Program Service Revenue$620,416
Investment income $329
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 $1,157,900

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Homeward Bound
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Sacramento Neighborhood Housing Services Inc
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Housing For Health Orange County Inc
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$4,886,625
Housing Resource Center Of Monterey County
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$4,414,467
Esperanza Housing And Community Development Corporation
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$1,058,745
Community Action Human Resources Agency
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$3,516,936
Meadows In Irvine
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$3,762,749
Riverside Charitable Corporation
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$6,826,305
Older Americans Housing Inc
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$2,274,539
Hawaiian Community Assets Inc
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Portland Housing Center
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$3,388,032

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