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Nonprofiteer
← LAFHBUILDS INC

Form 990 for tax year 2024

Filed by LAFHBUILDS INC.

Totals

Total revenue
$4,462,855
Total expenses
$2,761,966
Contributions and grants received
$3,065,288
Grants paid
$0
Program service revenue
$1,396,899
Investment income
$668
Other revenue
$0
Total assets, end of year
$2,094,845
Total liabilities, end of year
$286,072
Net assets or fund balances, end of year
$1,808,773
Program services expenses (Part IX)
$1,616,197
Management and general expenses
$1,145,769
Fundraising expenses
$0
Program service expenses (Part III)
$1,616,197

Program services were 58.5% 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.

  • 1f · All other contributions, gifts and grants

    $3,065,288

  • 1g · Noncash contributions included above

    $1,867,787

  • 2a · Program service revenue: INTERIM SERVICES FEES

    total $1,393,595 · related or exempt $1,393,595

  • 2b · Program service revenue: RENTAL INCOME

    total $3,304 · related or exempt $3,304

  • 3 · Investment income

    total $668 · related or exempt $668

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 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 $413,456 · program services $290,301 · management and general $123,155

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $1,315,409 · program services $923,591 · management and general $391,818

  • 8 · Pension plan contributions

    total $14,687 · program services $10,312 · management and general $4,375

  • 9 · Other employee benefits

    total $108,023 · program services $75,847 · management and general $32,176

  • 10 · Payroll taxes

    total $134,112 · program services $94,164 · management and general $39,948

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $121,373 · program services $38,765 · management and general $82,608

  • 11c · Fees: accounting

    total $15,525 · program services $4,959 · management and general $10,566

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $290,411 · program services $92,754 · management and general $197,657

  • 12 · Advertising and promotion

    total $3,177 · program services $975 · management and general $2,202

  • 13 · Office expenses

    total $5,546 · program services $1,702 · management and general $3,844

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $8,358 · program services $2,565 · management and general $5,793

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $10,927 · program services $3,354 · management and general $7,573

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $8,767 · program services $1,121 · management and general $7,646

  • 24a · Other expenses: SOFTWARE

    total $216,070 · program services $44,612 · management and general $171,458

  • 24b · Other expenses: IT EXPENSE

    total $21,403 · program services $6,836 · management and general $14,567

  • 24c · Other expenses: TRAINING

    total $18,413 · program services $5,651 · management and general $12,762

  • 24d · Other expenses: TAXES & LICENCE FEES

    total $16,648 · program services $2,128 · management and general $14,520

  • 24e · All other expenses

    total $39,661 · program services $16,560 · management and general $23,101

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $123,763

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $40,555

  • 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 $107,884 · end of year $63,854

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

    $1,875,021

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

    $9,007

  • 10c · Land, buildings and equipment, net

    end of year $1,866,014

  • 11 · Investments: publicly traded securities

    end of year $0

  • 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

    end of year $659

  • 17 · Accounts payable and accrued expenses

    end of year $286,072

  • 27 · Net assets without donor restrictions

    beginning of year $107,884 · end of year $1,552,328

  • 28 · Net assets with donor restrictions

    end of year $256,445

Mission and programs · 2024

Mission

LAFHBUILDS AND ITS AFFILIATED ORGANIZATIONS (TO TRANSFER DURING 2024 AND 2025) HELP HOMELESS AND LOW-INCOME FAMILIES AND INDIVIDUALS OF THE GREATER LOS ANGELES AREA TRANSITION OUT OF POVERTY AND CREATE LASTING STABILITY BY PROVIDING A COMPREHENSIVE RANGE OF HOUSING ENRICHED WITH SUPPORTIVE SERVICES, INCLUDING BRIDGE, PERMANENT SUPPORTIVE AND PERMANENT AFFORDABLE HOUSING.

Activities or mission (Part I)

TO HELP HOMELESS AND LOW-INCOME FAMILIES AND INDIVIDUALS TRANSITION OUT OF POVERTY AND CREATE LASTING STABILITY BY PROVIDING A COMPREHENSIVE RANGE OF HOUSING ENRICHED WITH SUPPORTIVE SERVICES, INCLUDING BRIDGE, PERMANENT SUPPORTIVE AND PERMANENT AFFORDABLE HOUSING.

  • During 2024, one property was transferred to LAFHBuilds, LAFH 7844 Lankershim LLC effective 12/01/2024. This is a storage facility that is being leased to LAFH. LAFHBuilds provided services to LAFH under an Interim Services Agreement to provide Finance, Asset Management and Real Estate Development services for the portfolio of properties to be transferred to LAFHBuilds in 2025.

    Expenses $1,616,197 · Revenue $1,397,567

As filed on the 2024 return.

Listed in Part VII

  • Elda Mendez-Lemus

    exe dir

    Total calculated
    $252,494
    From this org
    $224,663
    From related orgs
    $0
    Other
    $27,831
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $224,663
    Bonus
    not reported
    Other
    not reported
    Deferred
    $987
    Nontaxable benefits
    $26,844
    Filer's total
    $252,494
  • Debbie Chafe

    sr dir of fin

    Total calculated
    $160,962
    From this org
    $153,403
    From related orgs
    $0
    Other
    $7,559
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,403
    Bonus
    not reported
    Other
    not reported
    Deferred
    $673
    Nontaxable benefits
    $6,886
    Filer's total
    $160,962
  • Gustavo Almarosa

    dir of bus dev

    Total calculated
    $153,244
    From this org
    $141,939
    From related orgs
    $0
    Other
    $11,305
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,939
    Bonus
    not reported
    Other
    not reported
    Deferred
    $622
    Nontaxable benefits
    $10,683
    Filer's total
    $153,244
  • Stephanie Klasky-Gamer

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    0.13
  • Nedda Ismaili

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.11
  • Debbie Burkart

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.13
  • Zachary Sokoloff

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.13
  • Michael Lens

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.11
  • Yasmin Tong

    Secretary

    Total calculated
    $0
    Hours/week
    0.13
  • Monique Lawshe

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.13

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
  • 3 · Compensation survey or study

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.

  • LAFH 7844 Lankershim LLC

    LOW-INCOME HOUSING · CA · income $3,304 · assets $1,845,736

    Directly controlled by LAFHBUILDS INC

  • Builds Alabama Court GP LLC

    LOW-INCOME HOUSING · CA

    Directly controlled by LAFHBUILDS INC

  • Builds Casa Central LLC

    LOW-INCOME HOUSING · CA

    Directly controlled by LAFHBUILDS INC

  • Builds Casa Figueroa LLC

    LOW-INCOME HOUSING · CA

    Directly controlled by LAFHBUILDS INC

  • Builds Cochran Villa LLC

    LOW-INCOME HOUSING · CA

    Directly controlled by LAFHBUILDS INC

  • Builds Delano Court I LLC

    LOW-INCOME HOUSING · CA

    Directly controlled by LAFHBUILDS INC

  • Builds Delano Court II LLC

    LOW-INCOME HOUSING · CA

    Directly controlled by LAFHBUILDS INC

  • Builds Gentry North LLC

    LOW-INCOME HOUSING · CA

    Directly controlled by LAFHBUILDS INC

  • Builds Gentry Village LLC

    LOW-INCOME HOUSING · CA

    Directly controlled by LAFHBUILDS INC

  • Builds Harmony Gardens GP LLC

    LOW-INCOME HOUSING · CA

    Directly controlled by LAFHBUILDS INC

  • Builds Harmony Place LLC

    LOW-INCOME HOUSING · CA

    Directly controlled by LAFHBUILDS INC

  • Builds Hyde Park Manor LLC

    LOW-INCOME HOUSING · CA

    Directly controlled by LAFHBUILDS INC

  • Builds Klump SRO Housing LLC

    LOW-INCOME HOUSING · CA

    Directly controlled by LAFHBUILDS INC

  • Builds MLK LLC

    LOW-INCOME HOUSING · CA

    Directly controlled by LAFHBUILDS INC

  • Builds Palo Verde GP LLC

    LOW-INCOME HOUSING · CA

    Directly controlled by LAFHBUILDS INC

  • Builds Saticoy Gardens GP LLC

    LOW-INCOME HOUSING · CA

    Directly controlled by LAFHBUILDS INC

  • Builds Strong Residence LLC

    LOW-INCOME HOUSING · CA

    Directly controlled by LAFHBUILDS INC

  • Builds Vanowen Gardens GP LLC

    LOW-INCOME HOUSING · CA

    Directly controlled by LAFHBUILDS INC

  • Builds Victory Gardens GP LLC

    LOW-INCOME HOUSING · CA

    Directly controlled by LAFHBUILDS INC

  • Builds Vineland Place GP LLC

    LOW-INCOME HOUSING · CA

    Directly controlled by LAFHBUILDS INC

  • Builds Communidad Cesar Chavez LLC

    LOW-INCOME HOUSING · CA

    Directly controlled by LAFHBUILDS INC

  • Builds Sylmar II GP LLC

    LOW-INCOME HOUSING · CA

    Directly controlled by LAFHBUILDS INC

Provenance

Return type
form_990
Tax year
2024
Filed
21 October 2025
IRS schema version
2024v5.2
Source object
202542949349300924

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