East L A Community Corporation
- Assets
- $30.2m
- Revenue
- $8.8m
- Investments
- $0.0
- Employees
- 31
- Location
- Los Angeles, CA
- Founding
- 08/1995
- Data as of
- 12/2021
- EIN
- 95-4531076
Organization Overview
East L A Community Corporation is located in Los Angeles, CA. The organization was established in 1995. 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 12/2021, East L A Community Corporation employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. East L A Community 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, East L A Community Corporation generated $8.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $5.2m during the year ending 12/2021. While expenses have increased by 3.0% 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
ELACC'S MISSION IS TO ADVOCATE FOR ECONOMIC AND SOCIAL JUSTICE IN BOYLE HEIGHTS AND EAST LOS ANGELES BY BUILDING GRASSROOTS LEADERSHIP, DEVELOPING AFFORDABLE HOUSING AND NEIGHBORHOOD ASSETS, AND PROVIDING ACCESS TO ECONOMIC DEVELOPMENT OPPORTUNITIES TO LOW AND MODERATE INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A. COMMUNITY WEALTH:1. THROUGH VITA, FILED MORE THAN 200 FREE TAX RETURNS FOR LOW-INCOME HOUSEHOLDS.2. SERVED 290 CLIENTS THROUGH FINANCIAL EDUCATION WORKSHOPS AND FINANCIAL COACHING. 3. 55 PARTICIPANTS WERE ENROLLED IN OUR LENDING CIRCLES CREDIT BUILDING PROGRAM.3. THROUGH OUR HOMEBUYER EDUCATION AND COUNSELING, PREPARED FUTURE HOMEOWNERS IN FIRST TIME HOMEBUYER EDUCATION AND ONE-ON-ONE PRE-PURCHASE COUNSELING.
B. AFFORDABLE HOUSING:1. MANAGE IN-HOUSE PORTFOLIO OF 60 AFFORDABLE HOUSING UNITS AND 10 COMMERCIAL PROPERTIES. MORE THAN 2,000 INDIVIDUALS HOUSED IN OUR AFFORDABLE HOUSING PORTFOLIO AND 23 SMALL BUSINESSES ARE SERVED IN OUR COMMERCIAL PROPERTY PORTFOLIO.2. ASSET MANAGE LOW INCOME HOUSING TAX CREDIT PROTFOLIO OF 918 AFFORDABLE HOUSING UNITS.3. PROJECT MANAGER 5 NEW AFFORDABLE HOUSING DEVELOPMENTS
ASSET AND PROPERTY MANAGEMENT:1. MANAGE IN-HOUSE PORTFOLIO OF 60 AFFORDABLE HOUSING UNITS AND 5 COMMERCIAL PROPERTIES.2. ASSET MANAGE LOW INCOME HOUSING TAX CREDIT PROTFOLIO OF 673 AFFORDABLE HOUSING UNITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Monica Mejia President & CEO | Officer | 40 | $170,424 |
Adalia Rodriguez VP Of Human Capital & COO | Officer | 40 | $137,003 |
Jacqueline Figueroa Director, Real Estate Development | 40 | $120,454 | |
Manuel Bernal Vice Chair | OfficerTrustee | 1 | $0 |
Mercedes Martin Secretary | OfficerTrustee | 1 | $0 |
Daniel Rodriguez Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tcac Construction Services | 12/30/18 | $357,206 |
Fsy Architects Architectural Services | 12/30/18 | $508,091 |
Birbagroup Architects Architectural Services | 12/30/18 | $168,347 |
Gonzalez Goodale Architects Architectural Services | 12/30/18 | $133,990 |
Osmart General Construction Construction Services | 12/30/18 | $159,241 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,758,033 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,215,843 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,973,876 |
| Total Program Service Revenue | $5,339,047 |
| Investment income | $143,577 |
| 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 | $8,793,100 |
| 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. | $320,691 |
| Compensation of current officers, directors, key employees. | $27,951 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,401,504 |
| Pension plan accruals and contributions | $7,487 |
| Other employee benefits | $124,713 |
| Payroll taxes | $130,955 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,411 |
| Fees for services: Accounting | $247,444 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $595,933 |
| Advertising and promotion | $9,046 |
| Office expenses | $139,382 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $192,688 |
| Travel | $39,629 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,514 |
| Interest | $120,537 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $174,169 |
| Insurance | $69,159 |
| All other expenses | $89,108 |
| Total functional expenses | $5,224,647 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,968,551 |
| Savings and temporary cash investments | $248,380 |
| Pledges and grants receivable | $91,381 |
| Accounts receivable, net | $1,224,278 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $10,792,998 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $431,037 |
| Net Land, buildings, and equipment | $8,699,963 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | -$467,583 |
| Intangible assets | $0 |
| Other assets | $3,255,312 |
| Total assets | $30,244,317 |
| Accounts payable and accrued expenses | $741,372 |
| Grants payable | $0 |
| Deferred revenue | $11,829 |
| 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 | $274,368 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,796,050 |
| Total liabilities | $9,823,619 |
| Net assets without donor restrictions | $15,383,503 |
| Net assets with donor restrictions | $5,037,195 |
| 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 | $30,244,317 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that East L A Community Corporation has recieved totaling $1,075,340.
| Awarding Organization | Amount |
|---|---|
Enterprise Community Partners Inc Columbia, MD PURPOSE: CAPACITY BUILDING | $227,340 |
Kresge Foundation Troy, MI PURPOSE: OPERATING SUPPORT TO CONTINUE TO BOLSTER EAST LA COMMUNITY CORPORATION'S CREATIVE PLACEMAKING ACTIVITIES AND PARTICIPATION IN KRESGE'S BUILDING AND SUPPORTING EQUITABLE DEVELOPMENT (BASED) INITIATIVE. | $200,000 |
Prosperity Now Washington, DC PURPOSE: TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION | $200,000 |
Roy And Patricia Disney Family Foundation Burbank, CA PURPOSE: GENERAL OPERATING SUPPORT | $150,000 |
Roy And Patricia Disney Family Foundation Burbank, CA PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |
Kresge Foundation Troy, MI PURPOSE: OPERATING SUPPORT TO CONTINUE TO BOLSTER EAST LA COMMUNITY CORPORATION'S CREATIVE PLACEMAKING ACTIVITIES AND PARTICIPATION IN KRESGE'S BUILDING AND SUPPORTING EQUITABLE DEVELOPMENT (BASED) INITIATIVE. | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northwest Housing Alternatives Inc Milwaukie, OR | $66,415,282 | $18,428,543 |
Burbank Housing Development Corporation Santa Rosa, CA | $103,460,619 | $16,261,747 |
Coachella Valley Housing Coalition Indio, CA | $146,778,624 | $17,127,596 |
Community Corporation Of Santa Monica Santa Monica, CA | $197,338,615 | $17,598,823 |
La Cooperativa Campesina De California Sacramento, CA | $2,765,549 | $15,334,359 |
Peoples Self-Help Housing Corporation San Luis Obispo, CA | $133,211,546 | $24,033,272 |
Eden Housing Management Inc Hayward, CA | $4,182,332 | $13,392,435 |
Hale Mahaolu Kahului, HI | $62,797,850 | $14,655,033 |
Southern California Housing Development Corporation Of Rancho Cucamonga, CA | $47,199,427 | $11,969,013 |
Equality Community Housing Corporation Glendale, AZ | $43,109,186 | $12,960,879 |
Mission Housing Development Corp San Francisco, CA | $63,790,844 | $19,251,297 |
Santa Barbara Affordable Housing Group Santa Barbara, CA | $111,093,068 | $10,555,389 |