Form 990 for tax year 2023
Filed by WEST HOLLYWOOD COMMUNITY HOUSING CORPORATION.
Totals
- Total revenue
- $6,002,374
- Total expenses
- $4,907,986
- Contributions and grants received
- $2,261,970
- Grants paid
- $0
- Program service revenue
- $3,700,081
- Investment income
- $40,323
- Other revenue
- $0
- Total assets, end of year
- $21,723,352
- Total liabilities, end of year
- $8,335,456
- Net assets or fund balances, end of year
- $13,387,896
- Program services expenses (Part IX)
- $3,956,736
- Management and general expenses
- $721,896
- Fundraising expenses
- $229,354
- Program service expenses (Part III)
- $3,956,736
Program services were 80.6% 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.
-
1e · Government grants (contributions)
$411,936
-
1f · All other contributions, gifts and grants
$1,850,034
-
1g · Noncash contributions included above
$78,613
-
2a · Program service revenue: Low-Inc Housing Mgmt.
total $1,523,048 · related or exempt $1,523,048
-
2b · Program service revenue: Low-Inc Housing Dev.
total $1,450,067 · related or exempt $1,450,067
-
2c · Program service revenue: Low-Inc Housing rent
total $726,966 · related or exempt $726,966
-
3 · Investment income
total $39,418 · excluded $39,418
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $493,000
-
7b · Less cost or other basis and sales expenses
securities $492,095
-
7c · Gain or loss
securities $905
-
7d · Net gain or loss
total $905 · related or exempt $905
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $319,182 · program services $159,591 · management and general $159,591
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $2,091,378 · program services $1,668,591 · management and general $287,021 · fundraising $135,766
-
8 · Pension plan contributions
total $51,360 · program services $41,848 · management and general $4,991 · fundraising $4,521
-
9 · Other employee benefits
total $205,620 · program services $163,549 · management and general $25,086 · fundraising $16,985
-
10 · Payroll taxes
total $182,327 · program services $141,075 · management and general $30,423 · fundraising $10,829
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $13,181 · program services $5,968 · management and general $7,213
-
11c · Fees: accounting
total $45,483 · program services $1,655 · management and general $43,828
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $162,577 · program services $148,868 · management and general $13,709
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $106,858 · program services $68,242 · management and general $34,621 · fundraising $3,995
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $3,711 · program services $2,872 · management and general $619 · fundraising $220
-
17 · Travel
total $4,550 · program services $2,906 · management and general $1,474 · fundraising $170
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $12,143 · program services $7,755 · management and general $3,934 · fundraising $454
-
20 · Interest
total $102,916 · program services $102,916
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $100,279 · program services $90,822 · management and general $9,457
-
23 · Insurance
total $108,453 · program services $64,103 · management and general $42,734 · fundraising $1,616
-
24a · Other expenses: Real estate development
total $927,342 · program services $927,342
-
24b · Other expenses: Tenant Services
total $131,698 · program services $131,698
-
24c · Other expenses: Repairs & Maintenance
total $118,379 · program services $100,645 · management and general $17,101 · fundraising $633
-
24d · Other expenses: Outreach
total $94,140 · program services $5,240 · management and general $35,656 · fundraising $53,244
-
24e · All other expenses
total $126,409 · program services $121,050 · management and general $4,438 · fundraising $921
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,948,719 · end of year $1,641,205
-
2 · Savings and temporary cash investments
beginning of year $388,009 · end of year $3,425,850
-
3 · Pledges and grants receivable
beginning of year $143,399 · end of year $90,786
-
4 · Accounts receivable
beginning of year $2,967,765 · end of year $3,455,361
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $44,381 · end of year $59,848
-
10a · Land, buildings and equipment: cost or other basis
$6,074,025
-
10b · Land, buildings and equipment: accumulated depreciation
$1,059,589
-
10c · Land, buildings and equipment, net
beginning of year $5,071,803 · end of year $5,014,436
-
11 · Investments: publicly traded securities
beginning of year $1,035,564 · end of year $1,079,331
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $6,718,812 · end of year $6,956,535
-
17 · Accounts payable and accrued expenses
beginning of year $262,268 · end of year $245,940
-
23 · Secured mortgages and notes payable
beginning of year $6,527,763 · end of year $6,782,666
-
25 · Other liabilities
beginning of year $1,248,788 · end of year $1,306,850
-
27 · Net assets without donor restrictions
beginning of year $12,248,128 · end of year $12,810,415
-
28 · Net assets with donor restrictions
beginning of year $31,505 · end of year $577,481
Mission and programs · 2023
Mission
Low-income housing development and management
-
Low-income housing development planning, acquisition, coordination of financing, construction, rehabilitation, management, and tenant services for low-income and Hopwa housing projects. The Agency has developed 865 units and is currently managing 785 units of housing.
Expenses $3,956,736 · Revenue $3,700,081
As filed on the 2023 return.
Listed in Part VII
-
JESSE SLANSKY
President & CEO
- Total calculated
- $319,182
- From this org
- $305,090
- From related orgs
- $0
- Other
- $14,092
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $305,090
- Bonus
- not reported
- Other
- not reported
- Deferred
- $5,626
- Nontaxable benefits
- $8,466
- Filer's total
- $319,182
-
ANUP PATEL
Dir of RE Dev
- Total calculated
- $181,285
- From this org
- $169,563
- From related orgs
- $0
- Other
- $11,722
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $169,563
- Bonus
- not reported
- Other
- not reported
- Deferred
- $5,080
- Nontaxable benefits
- $6,642
- Filer's total
- $181,285
-
DANIEL PEPPER
Dir of Res Service
- Total calculated
- $145,370
- From this org
- $123,640
- From related orgs
- $0
- Other
- $21,730
- Hours/week
- 40
-
LANDY JOSEPH
PROJECT MANAGER
- Total calculated
- $136,422
- From this org
- $124,000
- From related orgs
- $0
- Other
- $12,422
- Hours/week
- 40
-
RACHEL BACOLA
PROJECT MANAGER
- Total calculated
- $134,851
- From this org
- $121,607
- From related orgs
- $0
- Other
- $13,244
- Hours/week
- 40
-
WALTER MAYNARD
Dir of Asset Mgmt
- Total calculated
- $133,495
- From this org
- $132,800
- From related orgs
- $0
- Other
- $695
- Hours/week
- 40
-
KARL LOTT
Chairman
- Total calculated
- $0
- Hours/week
- 3
-
ALEXANDER BAZLEY
Vice Chairman
- Total calculated
- $0
- Hours/week
- 2
-
RYAN LEADERMAN
Vice Chairman
- Total calculated
- $0
- Hours/week
- 2
-
ALLISON HIGGINS
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
RODERICK BURNLEY
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
MICHAEL B ALLDERDICE
Director
- Total calculated
- $0
- Hours/week
- 1
-
GWEN CHAMBERS GREEN
Director
- Total calculated
- $0
- Hours/week
- 1
-
BARRIE GRUNER
Director
- Total calculated
- $0
- Hours/week
- 1
-
TOM KNEAFSEY
Director
- Total calculated
- $0
- Hours/week
- 1
-
JIM LION
Director
- Total calculated
- $0
- Hours/week
- 1
-
VIVIAN RAMIREZ
Director
- Total calculated
- $0
- Hours/week
- 1
-
PATRICK D SPILLANE
Director
- Total calculated
- $0
- Hours/week
- 1
-
NICOLE OLIVAS JENKINS
Director
- Total calculated
- $0
- Hours/week
- 1
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 · Compensation survey or study
- 3 · Approval by the board or compensation committee
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.
-
Low-income housing development · CA
Directly controlled by WHCHC
-
Low-income housing development · CA
Directly controlled by WHCHC
-
Low-income housing development · CA · income $25,463
Directly controlled by WHCHC
-
Low-income housing development · CA · income $25,750
Directly controlled by WHCHC
-
Low-income housing development · CA
Directly controlled by WHCHC
-
Low-income housing development · CA · income $130,970 · assets $1,748,900
Directly controlled by WHCHC
-
Low-income housing development · CA
Directly controlled by WHCHC
-
Low-income housing development · CA
Directly controlled by WHCHC
-
Low-income housing development · CA · income $22,350
Directly controlled by WHCHC
-
Low-income housing development · CA
Directly controlled by WHCHC
-
Low-income housing development · CA
Directly controlled by WHCHC
-
Low-income housing development · CA · assets $5,812,750
Directly controlled by WHCHC
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
RELATED · Housing · CA · 99% owned · share of income -$30,984 · share of assets $1,605,051 · general or managing partner
Directly controlled by WHCHC
-
RELATED · Housing · CA · 99% owned · share of income -$35,351 · share of assets $1,909,184 · general or managing partner
Directly controlled by WHCHC
-
RELATED · Housing · CA · 1% owned · share of income $133 · share of assets $306,264 · general or managing partner
Directly controlled by WHCHC
-
RELATED · Housing · CA · 1% owned · share of income -$932 · share of assets $183,791 · general or managing partner
Directly controlled by WHCHC
-
RELATED · Housing · CA · 1% owned · share of income $22,822 · share of assets $325,630 · general or managing partner
Directly controlled by WHCHC
-
RELATED · Housing · CA · 0.01% owned · share of income $25,524 · share of assets $352,518 · general or managing partner
Directly controlled by WHCHC
-
RELATED · Housing · CA · 0.01% owned · share of income -$48 · share of assets $255,641 · general or managing partner
Directly controlled by WHCHC
-
RELATED · Housing · CA · 1% owned · share of income $21,849 · share of assets $90,318 · general or managing partner
Directly controlled by WHCHC
-
RELATED · Housing · CA · 1% owned · share of income $8,700 · share of assets $184,170 · general or managing partner
Directly controlled by WHCHC
-
RELATED · Housing · CA · 0.01% owned · share of income $14,968 · share of assets $167,469 · general or managing partner
Directly controlled by WHCHC
-
RELATED · Housing · CA · 0.01% owned · share of income -$39 · share of assets $89,250 · general or managing partner
Directly controlled by WHCHC
-
RELATED · Housing · CA · 0.01% owned · share of income -$58 · share of assets $192,541 · general or managing partner
Directly controlled by VT MAZ LLC
-
RELATED · Housing · CA · 0.005% owned · share of income -$41 · share of assets $646,012 · general or managing partner
Directly controlled by WHCHC
-
RELATED · Housing · CA · 0.01% owned · share of income $22,282 · share of assets $6,751,852 · general or managing partner
Directly controlled by MV SQU LLC
-
RELATED · Housing · CA · 0.01% owned · share of income $25,636 · share of assets $276,798 · general or managing partner
Directly controlled by ELDELMSLLC
-
RELATED · Housing · CA · 0.01% owned · share of income $25,417 · share of assets $1,552,608 · general or managing partner
Directly controlled by BL HBS LLC
-
RELATED · Housing · CA · 0.01% owned · share of income $95,014 · share of assets -$36,690 · general or managing partner
Directly controlled by WSTMOR LLC
-
RELATED · Housing · CA · 0.01% owned · share of income -$158,959 · share of assets $2,432,922 · general or managing partner
Directly controlled by BRN SG LLC
-
RELATED · Housing · CA · 0.01% owned · share of income -$88 · share of assets $16,314,157 · general or managing partner
Directly controlled by MRPSA LLC
-
RELATED · Housing · CA · 0.01% owned · share of assets $17,112,187 · general or managing partner
Directly controlled by MIRGLD LLC
-
RELATED · Housing · CA · 0.01% owned · share of assets $5,753,250 · general or managing partner
Directly controlled by THRTYM LLC
-
RELATED · Housing · CA · 99% owned · share of income $27 · share of assets $8,097,791 · general or managing partner
Directly controlled by AlPmCn LLC
-
RELATED · Housing · CA · 98% owned · share of income -$34,901 · share of assets $2,641,234
Directly controlled by WHCHC
-
RELATED · Housing · CA · 1% owned · share of assets $65,307
Directly controlled by WHCHC
-
RELATED · Housing · CA · 98% owned · share of income $13,054 · share of assets $3,911,657
Directly controlled by WHCHC
-
RELATED · Housing · CA · 98% owned · share of income -$91,324 · share of assets $2,596,750
Directly controlled by WHCHC
-
RELATED · Housing · CA · 98% owned · share of income $33,901 · share of assets $595,535
Directly controlled by WHCHC
-
RELATED · Housing · CA · 98.99% owned · share of income -$110,030 · share of assets $3,193,503
Directly controlled by WHCHC
-
RELATED · Housing · CA · 98% owned · share of income -$62,831 · share of assets $3,982,490
Directly controlled by WHCHC
-
RELATED · Housing · CA · 99% owned · general or managing partner
Directly controlled by WlyPlmsLLC
-
RELATED · Housing · CA · 1% owned
Directly controlled by WHCHC
-
RELATED · Housing · CA · 99% owned · general or managing partner
Directly controlled by FthClvrLLC
-
RELATED · Housing · CA · 1% owned
Directly controlled by WHCHC
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
METROPOLITAN HOUSING DEVELOPMENT CORP
C · LOW INCOME HOUSING HOLDING COMPANY · CA · 100% owned · share of income $720,164 · share of assets $998 · controlled entity
-
C · Low-income housing developmnt · CA · 100% owned · share of income $247,579 · controlled entity
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 26 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202443029349302704
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