Skip to content
Nonprofiteer
← LAFH PHASE I QALICB INC

Form 990 for tax year 2022

Filed by LAFH PHASE I QALICB INC.

Totals

Total revenue
$9,464,653
Total expenses
$407,546
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$318,811
Investment income
$0
Other revenue
$9,145,842
Total assets, end of year
$6,746,617
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$6,746,617
Program services expenses (Part IX)
$326,702
Management and general expenses
$80,844
Fundraising expenses
$0
Program service expenses (Part III)
$326,702

Program services were 80.2% 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.

  • 2a · Program service revenue: RENTAL REVENUE

    total $318,811 · unrelated business $0 · excluded $0

  • 11a · Other revenue: GAIN ON CANCELLATION OF DEBT

    total $9,145,842 · related or exempt $0 · unrelated business $0 · excluded $9,145,842

  • 11e · Other revenue, total

    $9,145,842

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $12,700 · program services $0 · management and general $12,700 · fundraising $0

  • 20 · Interest

    total $129,690 · program services $129,690 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $197,012 · program services $197,012 · management and general $0 · fundraising $0

  • 24a · Other expenses: ASSET MANAGEMENT FEES

    total $47,400 · program services $0 · management and general $47,400 · fundraising $0

  • 24b · Other expenses: OPERATING EXPENSES

    total $20,644 · program services $0 · management and general $20,644 · fundraising $0

  • 24c · Other expenses: PROPERTY TAXES AND OTHER FEES

    total $100 · program services $0 · management and general $100 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,057 · end of year $60

  • 2 · Savings and temporary cash investments

    beginning of year $128,116 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,682,970 · end of year $0

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

    $7,991,322

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

    $1,244,765

  • 10c · Land, buildings and equipment, net

    beginning of year $6,943,569 · end of year $6,746,557

  • 23 · Secured mortgages and notes payable

    beginning of year $11,075,201 · end of year $0

  • 25 · Other liabilities

    beginning of year $2 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$2,310,491 · end of year $6,746,617

Mission and programs · 2022

Mission

THE MISSION OF THE ORGANIZATION IS TO OWN THE SOUTH CAMPUS OF L.A. FAMILY HOUSING, A REAL ESTATE PROPERTY LEASED TO L.A. FAMILY HOUSING FOR THE PURPOSE OF OPERATING TWO ESSENTIAL PROGRAMS: BRIDGE HOUSING (BH) AND THE FAMILY SOLUTIONS CENTER (FSC). DURING 2015, L.A. FAMILY HOUSING BEGAN PHASE I OF ITS CAMPUS DEVELOPMENT WITH THE REHABILITATION OF THE SOUTH CAMPUS AT 7817 LANKERSHIM BLVD. IN NORTH HOLLYWOOD, CALIFORNIA. THIS PROPERTY (FORMERLY KNOWN AS THE SYDNEY M. IRMAS TRANSITIONAL LIVING CENTER "TLC", WHICH WAS USED AS A FAMILY SHELTER) WAS CONVERTED TO THREE PRIMARY USES: BRIDGE HOUSING FOR UP TO 250 SINGLE ADULTS, BRIDGE/CRISIS HOUSING FOR 12 HOMELESS FAMILIES, AND THE FAMILY SOLUTION CENTER SERVING AS THE REGION CES SERVICE HOME FOR INTAKE AND ASSESSMENT, HOUSING PLACEMENT, AND HOUSING STABILITY SERVICES FOR HOMELESS FAMILIES THROUGHOUT THE REGION. CONSTRUCTION AND REHABILITATION OF THE SOUTH CAMPUS PROPERTY WAS COMPLETED IN 2017.

Activities or mission (Part I)

HOMELESS SERVICES SEE PAGE 2 FOR MORE INFORMATION

  • DURING 2015, LA FAMILY HOUSING BEGAN PHASE I OF ITS CAMPUS DEVELOPMENT WITH THE REHABILITATION OF THE SOUTH CAMPUS AT 7817 LANKERSHIM BLVD. IN NORTH HOLLYWOOD, CALIFORNIA. THIS PROPERTY (FORMERLY KNOWN AS THE SYDNEY M. IRMAS TRANSITIONAL LIVING CENTER "TLC", WHICH WAS USED AS A FAMILY SHELTER) WAS CONVERTED TO THREE PRIMARY USES: BRIDGE HOUSING FOR UP TO 250 SINGLE ADULTS, BRIDGE/CRISIS HOUSING FOR 12 HOMELESS FAMILIES, AND THE FAMILY SOLUTION CENTER SERVING AS THE REGION CES SERVICE HOME FOR INTAKE AND ASSESSMENT, HOUSING PLACEMENT, AND HOUSING STABILITY SERVICES FOR HOMELESS FAMILIES THROUGHOUT THE REGION. CONSTRUCTION AND REHABILITATION OF THE SOUTH CAMPUS PROPERTY WAS COMPLETED IN 2017.

    Expenses $326,702 · Revenue $318,811

As filed on the 2022 return.

Listed in Part VII

  • Debbie Burkart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Gregg Sherkin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Stephanie Klasky-Gamer

    CHAIR

    Total calculated
    $282,601
    From this org
    $0
    From related orgs
    $282,601
    Other
    $0
    Hours/week
    0.5

    Schedule J breakdown matched by us

    Base
    $0 + $282,601 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $282,601 related
  • Toi Chisom

    SECRETARY

    Total calculated
    $210,275
    From this org
    $0
    From related orgs
    $210,114
    Other
    $161
    Hours/week
    0.5

    Schedule J breakdown matched by us

    Base
    $0 + $210,114 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $161 related
    Filer's total
    $0 + $210,275 related
  • Yasmin Tong

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

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

None.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

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.

Related partnerships

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

  • PSH CAMPUS LP

    N/A · HOMELESS SERVICES AND HOUSING PROGRAMS · CA · 0% owned

    Directly controlled by NA

  • GLENOAKS GARDENS LP

    N/A · PERMANENT SUP- PORTIVE HOUSING · CA · 0% owned

    Directly controlled by NA

  • THE EMERALD 2020 LP

    N/A · HOMELESS SERVICES & HOUSING PROGRAMS · CA · 0% owned

    Directly controlled by NA

  • 11681 FOOTHILLSUMMIT VIEW

    N/A · HOMELESS SERVICES & HOUSING PROGRAMS · CA · 0% owned

    Directly controlled by NA

  • 11681 FOOTHILL GP LLC

    N/A · HOMELESS SERVICES & HOUSING PROGRAMS · CA · 0% owned

    Directly controlled by NA

  • RESIDENCES ON MAIN GP LLC

    N/A · HOMELESS SERVICES & HOUSING PROGRAMS · CA · 0% owned

    Directly controlled by NA

  • 9502 VAN NUYS LP

    N/A · HOMELESS SERVICES & HOUSING PROGRAMS · CA · 0% owned

    Directly controlled by NA

  • TOPANGA CANYON HOUSING PARTNERS LP

    N/A · HOMELESS SERVICES & HOUSING PROGRAMS · CA · 0% owned

    Directly controlled by NA

  • DAY STREET LP

    N/A · HOMELESS SERVICES & HOUSING PROGRAMS · CA · 0% owned

    Directly controlled by NA

  • RESIDENCES ON MAIN LP

    N/A · HOEMLESS SERVICES & HOUSING PROGRAMS · CA · 0% owned

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2022
Filed
8 November 2023
IRS schema version
2022v5.0
Source object
202343209349300304

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.