Historic Core Business Improvement District Property Owners Assoc Inc
- Assets
- $576.6k
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 3
- Location
- Los Angeles, CA
- Founding
- 10/1999
- Data as of
- 12/2021
- EIN
- 95-4680659
Organization Overview
Historic Core Business Improvement District Property Owners Assoc Inc is located in Los Angeles, CA. The organization was established in 1999. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Historic Core Business Improvement District Property Owners Assoc Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Historic Core Business Improvement District Property Owners Assoc Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Historic Core Business Improvement District Property Owners Assoc Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $2.6m during the year ending 12/2021. While expenses have increased by 6.2% 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
TO PROVIDE PROPERTY OWNERS WITHIN THE PROPERTY OWNER FUNDED DISTRICT BOUNDARIES SAFETY, MAINTENANCE, AND NEIGHBORHOOD IDENTITY SERVICES TO PROMOTE CLEAN, SAFE AND ECONOMIC DEVELOPMENT OBJECTIVES IN THE DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SECURITY SERVICES - PROVIDING INCREASED PUBLIC SECURITY THROUGH A COMBINATION OF UNIFORMED GUARDS AND WORKING RELATIONSHIPS WITH THE CITY OF LOS ANGELES POLICE, LOS ANGELES COUNTY SHERIFF, AND LOS ANGELES COUNTY FIRE DEPARTMENTS.
SIDEWALK SERVICES - MAINTAINING CLEAN SIDEWALKS AND CURBS AND GARBAGE REMOVAL.
DISTRICT IDENTITY AND MARKETING - IMPROVING DOWNTOWN LOS ANGELES THROUGH SPECIAL PROJECTS, AREA BRANDING AND ECONOMIC DEVELOPMENT SUPPORT OF BUSINESSES WITHIN THE DISTRICT BOUNDARY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Blair Besten Executive Dir. | Officer | 40 | $127,844 |
Boris Mayzels President | OfficerTrustee | 1 | $0 |
Cedd Moses Secretary | OfficerTrustee | 1 | $0 |
Richard Shamooilian Vice President | OfficerTrustee | 1 | $0 |
Kayce Hawk Treasurer | OfficerTrustee | 1 | $0 |
Eric Schomof Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Steetplus Company Llc Security Services | 12/30/21 | $691,438 |
Chrysalis Street Cleaning | 12/30/21 | $1,312,015 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $37,567 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,932 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,499 |
| Total Program Service Revenue | $2,559,730 |
| Investment income | $6,985 |
| 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 | $2,619,214 |
| 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. | $137,867 |
| Compensation of current officers, directors, key employees. | $11,029 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $53,333 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,010 |
| Payroll taxes | $15,232 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,500 |
| Fees for services: Accounting | $74,829 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $57,012 |
| Advertising and promotion | $17,584 |
| Office expenses | $22,726 |
| Information technology | $12,181 |
| Royalties | $0 |
| Occupancy | $50,019 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,183 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,713 |
| Insurance | $11,900 |
| All other expenses | $0 |
| Total functional expenses | $2,618,947 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,204 |
| Savings and temporary cash investments | $498,665 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $12,924 |
| Net Land, buildings, and equipment | $20,741 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,100 |
| Total assets | $576,634 |
| Accounts payable and accrued expenses | $319,592 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $319,592 |
| Net assets without donor restrictions | $257,042 |
| Net assets with donor restrictions | $0 |
| 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 | $576,634 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Civic San Diego San Diego, CA | $12,596,747 | $8,835,597 |
Csac Finance Corporation Sacramento, CA | $22,360,310 | $12,934,423 |
Ampac Tri-State Cdc Inc Ontario, CA | $22,461,621 | $9,676,882 |
Local First Arizona Foundation Phoenix, AZ | $3,232,104 | $5,988,087 |
Inclusive Action For The City Los Angeles, CA | $6,839,271 | $6,785,637 |
Genesis La Economic Growth Corporation Los Angeles, CA | $84,073,617 | $20,248,596 |
Business Development Finance Corporation Tucson, AZ | $22,193,625 | $4,107,444 |
Economic Development Collaborative Ventura County Camarillo, CA | $6,956,185 | $3,790,106 |
Accessity San Diego, CA | $20,855,169 | $4,197,275 |
Polk Community Development Corporation Dallas, OR | $22,075,845 | $5,307,917 |
Sustainable Economic Enterprises Of Los Angeles Los Angeles, CA | $2,131,089 | $4,310,365 |
Historic Core Business Improvement District Property Owners Assoc Inc Los Angeles, CA | $576,634 | $2,619,214 |