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Nonprofiteer
← VENICE COMMUNITY HOUSING CORPORATION

Form 990 for tax year 2022

Filed by VENICE COMMUNITY HOUSING CORPORATION.

Totals

Total revenue
$8,403,496
Total expenses
$8,430,196
Contributions and grants received
$6,500,030
Grants paid
$0
Program service revenue
$1,860,958
Investment income
$20,491
Other revenue
$22,017
Total assets, end of year
$95,071,919
Total liabilities, end of year
$84,884,134
Net assets or fund balances, end of year
$10,187,785
Program services expenses (Part IX)
$7,588,538
Management and general expenses
$581,253
Fundraising expenses
$260,405
Program service expenses (Part III)
$7,588,538

Program services were 90.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $235,200

  • 1d · Related organizations

    $1,469,654

  • 1e · Government grants (contributions)

    $3,398,078

  • 1f · All other contributions, gifts and grants

    $1,397,098

  • 2a · Program service revenue: RENTAL INCOME

    total $1,860,958 · related or exempt $1,860,958

  • 3 · Investment income

    total $20,491 · excluded $20,491

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $235,200

  • 8b · Fundraising events: direct expenses

    $168,274

  • 8c · Net income from fundraising events

    total -$168,274 · excluded -$168,274

  • 11a · Other revenue: FORGIVENESS OF DEBT

    total $112,500 · related or exempt $112,500

  • 11b · Other revenue: MISCELLANEOUS REVENUE

    total $77,791 · related or exempt $77,791

  • 11e · Other revenue, total

    $190,291

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $110,369 · program services $110,369

  • 7 · Other salaries and wages

    total $2,797,055 · program services $2,034,226 · management and general $555,611 · fundraising $207,218

  • 9 · Other employee benefits

    total $357,449 · program services $357,449

  • 10 · Payroll taxes

    total $230,735 · program services $230,735

  • 11b · Fees: legal

    total $68,254 · program services $58,934 · management and general $2,446 · fundraising $6,874

  • 11c · Fees: accounting

    total $297,625 · program services $297,625

  • 12 · Advertising and promotion

    total $66,124 · program services $66,009 · management and general $5 · fundraising $110

  • 13 · Office expenses

    total $323,708 · program services $280,614 · management and general $12,464 · fundraising $30,630

  • 16 · Occupancy

    total $441,010 · program services $434,917 · management and general $751 · fundraising $5,342

  • 17 · Travel

    total $39,434 · program services $34,158 · management and general $1,350 · fundraising $3,926

  • 20 · Interest

    total $933,328 · program services $933,328

  • 22 · Depreciation, depletion and amortization

    total $1,239,267 · program services $1,239,267

  • 23 · Insurance

    total $245,817 · program services $238,107 · management and general $2,369 · fundraising $5,341

  • 24a · Other expenses: REPAIR & MAINTENANCE

    total $570,882 · program services $570,882

  • 24b · Other expenses: PROGRAM EXPENSES

    total $390,741 · program services $386,553 · management and general $4,188

  • 24c · Other expenses: UTILITIES

    total $310,857 · program services $310,857

  • 24d · Other expenses: BAD DEBTS

    total $4,508 · program services $4,508

  • 24e · All other expenses

    total $3,033 · management and general $2,069 · fundraising $964

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,852,604 · end of year $9,823,310

  • 2 · Savings and temporary cash investments

    beginning of year $2,577,257 · end of year $3,509,866

  • 3 · Pledges and grants receivable

    beginning of year $431,959

  • 4 · Accounts receivable

    beginning of year $474,539 · end of year $666,277

  • 9 · Prepaid expenses and deferred charges

    beginning of year $40,559

  • 10a · Land, buildings and equipment: cost or other basis

    $71,947,086

  • 10b · Land, buildings and equipment: accumulated depreciation

    $11,400,209

  • 10c · Land, buildings and equipment, net

    beginning of year $10,852,587 · end of year $60,546,877

  • 13 · Investments: program-related

    beginning of year $2,579,231 · end of year $250,000

  • 14 · Intangible assets

    end of year $66,199

  • 15 · Other assets

    beginning of year $6,442,924 · end of year $20,209,390

  • 17 · Accounts payable and accrued expenses

    beginning of year $270,672 · end of year $2,580,332

  • 19 · Deferred revenue

    beginning of year $251,261 · end of year $44,436

  • 23 · Secured mortgages and notes payable

    beginning of year $15,920,500 · end of year $58,568,341

  • 25 · Other liabilities

    beginning of year $1,365,389 · end of year $23,691,025

  • 27 · Net assets without donor restrictions

    beginning of year $5,502,102 · end of year $7,917,148

  • 28 · Net assets with donor restrictions

    beginning of year $1,941,736 · end of year $2,270,637

Mission and programs · 2022

Mission

VENICE COMMUNITY HOUSING SUPPORTS AND BUILDS EQUITABLE AND INCLUSIVE COMMUNITIES BY PROVIDING AFFORDABLE HOUSING WITH SUPPORTIVE SERVICES, EDUCATION, EMPLOYMENT PROGRAMS, AND PUBLIC POLICY ADVOCACY THAT ADVANCES RACIAL AND ECONOMIC JUSTICE.

Activities or mission (Part I)

LOW-INCOME HOUSING DEVELOPMENT AND MANAGEMENT. SOCIAL SERVICES, JOB TRAINING AND EDUCATION FOR AT RISK YOUTH AND LOW INCOME CONSTITUENTS.

  • 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.

    Expenses $5,584,410 · Revenue $2,051,249

  • 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.

    Expenses $861,961

  • 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.

    Expenses $1,142,167

As filed on the 2022 return.

Listed in Part VII

  • Sophia Guel-Valenzuela

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.27

  • Sylvia Aroth

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Michelle Groisman

    CO-CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.5

  • Faisal Hussain

    CO-CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.5

  • Theresa Hwang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.27

  • Daniel Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.27

  • Marie Kennedy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.27

  • Jeffrey Levine

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.27

  • Barbara Milliken

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.27

  • Mike Suhd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.27

  • Catherine Sweetser

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.27

  • Martha Cheresh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.27

  • Steve Diaz

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Jonah Katende

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.27

  • Mike Lindley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.27

  • Angela Madrid

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.27

  • Frances Segura

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.27

  • Michel Dory

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.27

  • Motique Alston

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.27

  • Anne Zimmerman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.27

  • Becky Dennison

    EXECUITVE DIRECTOR

    Total calculated
    $110,369
    From this org
    $104,844
    From related orgs
    $0
    Other
    $5,525
    Hours/week
    40

  • Allison Riley

    SR DIR HSG DEVL

    Total calculated
    $153,212
    From this org
    $137,991
    From related orgs
    $0
    Other
    $15,221
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,991
    Bonus
    $0
    Other
    $0
    Deferred
    $15,221
    Nontaxable benefits
    $0
    Filer's total
    $153,212

  • Erika Lee

    DEPUTY DIRECTOR

    Total calculated
    $111,194
    From this org
    $111,194
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Paola Fontana

    SENIOR DIRECTOR OF OPERATIONS

    Total calculated
    $113,224
    From this org
    $111,489
    From related orgs
    $0
    Other
    $1,735
    Hours/week
    40

  • Katayoon Montazemi

    SENIOR DIRECTOR OF ASSET MANAGEMENT

    Total calculated
    $130,503
    From this org
    $129,503
    From related orgs
    $0
    Other
    $1,000
    Hours/week
    40

  • Yannis Oliver

    DIRECTOR OF FINANCE

    Total calculated
    $105,512
    From this org
    $105,512
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • HORIZON APARTMENTS LLC

    LOW INCOME HOUSING · CA · income $357,320 · assets $4,720,141

    Directly controlled by VENICE COMMUNITY HOUSING CORPORATION

  • VCHC PACIFIC APARTMENTS LLC

    LOW INCOME HOUSING · CA · income $394,049 · assets $928,081

    Directly controlled by VENICE COMMUNITY HOUSING CORPORATION

  • VCHC GATEWAY LLC

    LOW INCOME HOUSING · CA

    Directly controlled by VENICE COMMUNITY HOUSING CORPORATION

  • 720 ROSE LLC

    LOW INCOME HOUSING · CA

    Directly controlled by VENICE COMMUNITY HOUSING CORPORATION

  • 2471 LINCOLN LLC

    LOW INCOME HOUSING · CA

    Directly controlled by VENICE COMMUNITY HOUSING CORPORATION

  • LCLT CAPACITY BUILDING LLC

    LOW INCOME HOUSING · CA

    Directly controlled by VENICE COMMUNITY HOUSING CORPORATION

  • 845 VENICE LLC

    LOW INCOME HOUSING · CA · assets $4,625,491

    Directly controlled by VENICE COMMUNITY HOUSING CORPORATION

  • LIBERTY 4345 CRENSHAW MGP LLC

    LOW INCOME HOUSING · CA

    Directly controlled by VENICE COMMUNITY HOUSING CORPORATION

  • 11834 AVIATION LLC

    LOW INCOME HOUSING · CA

    Directly controlled by VENICE COMMUNITY HOUSING CORPORATION

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • NAVY BLUE APARTMENTS LP

    LOW INCOME HOUSING · CA · 30% owned · share of income -$13,402 · share of assets $331,029 · general or managing partner

    Directly controlled by VENICE HOUSING HOUSING CORPORATION

  • FOURTH AVENUE LP

    LOW INCOME HOUSING · CA · 1% owned · share of income -$335 · share of assets $94,905 · general or managing partner

    Directly controlled by VENICE COMMUNITY HOUSING CORPORATION

  • 12525 WASHINGTON PLACE LP

    LOW INCOME HOUSING · CA · 1% owned · share of income -$1,619 · share of assets $102,267 · general or managing partner

    Directly controlled by VENICE COMMUNITY HOUSING CORPORATION

  • VCHC GATEWAY LP

    LOW INCOME HOUSING · CA · 0.01% owned · share of income -$39 · share of assets $22,328 · general or managing partner

    Directly controlled by VCHC GATEWAY LLC

  • 720 ROSE LP

    LOW INCOME HOUSING · CA · 0.01% owned · share of income -$179,356 · share of assets $19,844,016 · general or managing partner

    Directly controlled by 720 ROSE LLC

  • TOWARD COMMUNITY CONTROL LLC

    LOW INCOME HOUSING · CA · 54% owned · share of income -$6,672 · share of assets $234,838 · general or managing partner

    Directly controlled by VENICE COMMUNITY HOUSING CORPORATION

  • 1634 20TH STREET MGP LLC

    LOW INCOME HOUSING · CA · 75% owned · share of income $31,772 · share of assets $8,035,250 · general or managing partner

    Directly controlled by VENICE COMMUNITY HOUSING CORPORATION

  • VENICE DELL GP LLC

    LOW INCOME HOUSING · CA · 51% owned · share of assets $1,318,081 · general or managing partner

    Directly controlled by VENICE COMMUNITY HOUSING CORPORATION

  • CREATING THRIVING COMMUNITIES LLC

    LOW INCOME HOUSING · CA · 50% owned · general or managing partner

    Directly controlled by VENICE COMMUNITY HOUSING CORPORATION

  • VENICE DELL LP

    LOW INCOME HOUSING · CA · 99.99% owned · share of assets $2,584,473 · general or managing partner

    Directly controlled by VENICE DELL GP LLC

  • VDC PUBLIC PARKING LLC

    LOW INCOME HOUSING · CA · 51% owned · general or managing partner

    Directly controlled by VENICE COMMUNITY HOUSING CORPORATION

  • 2471 LINCOLN LP

    LOW INCOME HOUSING · CA · 0.01% owned · share of income -$1 · share of assets $27,028,060 · general or managing partner

    Directly controlled by 2471 LINCOLN LLC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • WESTSIDE HOUSING CORPORATION

    C · LOW INCOME HOUSING · CA · 100% owned · share of income -$206,933 · share of assets $5,459,203

    Directly controlled by VENICE COMMUNITY HOUSING CORPORATION

Provenance

Return type
form_990
Tax year
2022
Filed
9 November 2023
IRS schema version
2022v5.0
Source object
202303189349309775

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