Skip to content
Nonprofiteer
← SKID ROW HOUSING TRUST

Form 990 for tax year 2022

Filed by SKID ROW HOUSING TRUST.

Totals

Total revenue
$17,493,125
Total expenses
$25,688,424
Contributions and grants received
$7,852,847
Grants paid
$0
Program service revenue
$9,704,642
Investment income
$1,405
Other revenue
-$65,769
Total assets, end of year
$204,213,739
Total liabilities, end of year
$207,834,780
Net assets or fund balances, end of year
-$3,621,041
Program services expenses (Part IX)
$21,169,528
Management and general expenses
$4,004,570
Fundraising expenses
$514,326
Program service expenses (Part III)
$21,169,528

Program services were 82.4% 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

    $254,951

  • 1e · Government grants (contributions)

    $6,834,075

  • 1f · All other contributions, gifts and grants

    $763,821

  • 2a · Program service revenue: CANCELLATION OF DEBT

    total $465,194 · related or exempt $465,194

  • 2b · Program service revenue: IT SERVICES INCOME

    total $323,001 · related or exempt $323,001

  • 2c · Program service revenue: non-performing loan fees

    total $552,723 · related or exempt $552,723

  • 2d · Program service revenue: RENTAL INCOME

    total $7,458,413 · related or exempt $7,458,413

  • 2e · Program service revenue: SUPPORTIVE SERVICES

    total $671,976 · related or exempt $671,976

  • 2f · All other program service revenue

    total $233,335 · related or exempt $233,335

  • 3 · Investment income

    total $1,405 · excluded $1,405

  • 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

  • 8a · Fundraising events: gross income

    $21,915

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

    $254,951

  • 8b · Fundraising events: direct expenses

    $87,684

  • 8c · Net income from fundraising events

    total -$65,769 · excluded -$65,769

  • 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 $1,898,235 · program services $1,207,945 · management and general $629,718 · fundraising $60,572

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $4,622,810 · program services $2,941,732 · management and general $1,533,566 · fundraising $147,512

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $470,765 · program services $299,572 · management and general $156,171 · fundraising $15,022

  • 10 · Payroll taxes

    total $572,492 · program services $364,306 · management and general $189,918 · fundraising $18,268

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $86,731 · program services $13,077 · management and general $70,299 · fundraising $3,355

  • 11c · Fees: accounting

    total $216,604 · management and general $208,226 · fundraising $8,378

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $1,096,220 · program services $165,288 · management and general $888,531 · fundraising $42,401

  • 12 · Advertising and promotion

    total $32,028 · program services $20,592 · management and general $3,754 · fundraising $7,682

  • 13 · Office expenses

    total $298,974 · program services $263,464 · management and general $9,441 · fundraising $26,069

  • 14 · Information technology

    total $787,432 · program services $787,432

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $85,947 · program services $55,259 · management and general $10,073 · fundraising $20,615

  • 17 · Travel

    total $101,034 · program services $12,131 · management and general $88,792 · fundraising $111

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $6,826 · program services $5,533 · management and general $1,250 · fundraising $43

  • 20 · Interest

    total $1,648,571 · program services $1,642,983 · management and general $5,588

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $1,929,051 · program services $1,929,051

  • 23 · Insurance

    total $312,703 · program services $277,020 · management and general $32,829 · fundraising $2,854

  • 24a · Other expenses: K-1 RENTAL EXPENSES

    total $5,787,677 · program services $5,787,677

  • 24b · Other expenses: BAD DEBT

    total $1,537,522 · program services $1,394,652 · fundraising $142,870

  • 24c · Other expenses: COMP BY PROP MGT

    total $1,195,468 · program services $1,195,468

  • 24d · Other expenses: PROPERTY REPAIRS & MAINTENANCE

    total $1,119,241 · program services $1,026,656 · management and general $92,064 · fundraising $521

  • 24e · All other expenses

    total $1,882,093 · program services $1,779,690 · management and general $84,350 · fundraising $18,053

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,096,149 · end of year $772,247

  • 2 · Savings and temporary cash investments

    beginning of year $32,378 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $613,620 · end of year $481,848

  • 4 · Accounts receivable

    beginning of year $279,315 · end of year $476,316

  • 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

    beginning of year $22,832,978 · end of year $21,206,446

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $195,938 · end of year $363,884

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

    $91,713,690

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

    $36,481,031

  • 10c · Land, buildings and equipment, net

    beginning of year $46,145,875 · end of year $55,232,659

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    beginning of year $110,071,061 · end of year $100,431,231

  • 14 · Intangible assets

    beginning of year $40,227 · end of year $52,395

  • 15 · Other assets

    beginning of year $21,751,463 · end of year $25,196,713

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,509,443 · end of year $7,219,804

  • 19 · Deferred revenue

    beginning of year $238,393 · end of year $523,535

  • 23 · Secured mortgages and notes payable

    beginning of year $84,124,051 · end of year $85,246,556

  • 24 · Unsecured notes and loans payable

    beginning of year $83,536,279 · end of year $80,505,681

  • 25 · Other liabilities

    beginning of year $27,746,217 · end of year $34,339,204

  • 27 · Net assets without donor restrictions

    beginning of year $1,958,970 · end of year -$4,566,692

  • 28 · Net assets with donor restrictions

    beginning of year $945,651 · end of year $945,651

Mission and programs · 2022

Mission

The Skid Row Housing Trust (the Trust) provides permanent supportive housing so that people who have, or at risk of, experiencing homelessness, prolonged extreme poverty, poor health, disabilities, mental illness and/or addiction can lead safe, stable lives in wellness.

  • SKID ROW HOUSING TRUST ENGAGES IN THE DEVELOPMENT, MANAGEMENT, SUPPORT, ADMINISTRATION, AND RENTAL ACTIVITIES THAT ARE DIRECTLY RELATED TO THE PROVISION OF LOW INCOME HOUSING TO INDIVIDUALs with special needs.

    Expenses $19,963,828 · Revenue $9,151,919

  • The Trust, through its wholly owned subsidiary, Restorative Neighborhood Resources, LLC (RNR), acquires, manages and resolves distressed residential mortgage loans and owned real estate in the service of ensuring housing retention and housing opportunities across diverse communities in the nation.In recent years, sellers of distressed mortgage assets, including HUD, Fannie Mae, and Freddie Mac have designated portfolios for sale specifically to qualified, Non-Profit, 501c3 organizations. Through, RNR, and the establishment of Special Purpose Joint Ventures with capital Investors and specialty service provider relationships, the Trust will proactively pursue these opportunities with focused outcome goals:1. Provide workout solutions with Borrowers aimed at home retention or transition to affordable rental housing,2. Enable affordable purchase opportunities of vacant properties directly to newhomeowners,3. Promote homeownership as a vehicle for financial stability and wealth building, including the ability to identify new homeowners that can initiate generational wealth for their families and their futures,4. Increase the likelihood that Individuals, Families and Communities have a stronger connection and ability to prosper.

    Expenses $1,205,700 · Revenue $552,723

As filed on the 2022 return.

Listed in Part VII

  • Sierra Atilano

    Pres & Chief RE

    Total calculated
    $284,167
    From this org
    $267,695
    From related orgs
    $0
    Other
    $16,472
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $267,695
    Bonus
    not reported
    Other
    not reported
    Deferred
    $8,463
    Nontaxable benefits
    $8,009
    Filer's total
    $284,167

  • Joanne C Russo Cordero

    Chief of Staff

    Total calculated
    $237,755
    From this org
    $206,221
    From related orgs
    $0
    Other
    $31,534
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $206,221
    Bonus
    not reported
    Other
    not reported
    Deferred
    $27,000
    Nontaxable benefits
    $4,534
    Filer's total
    $237,755

  • Nadezhda N Litovskaya

    CFO

    Total calculated
    $221,284
    From this org
    $198,542
    From related orgs
    $0
    Other
    $22,742
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,542
    Bonus
    not reported
    Other
    not reported
    Deferred
    $9,979
    Nontaxable benefits
    $12,763
    Filer's total
    $221,284

  • Jet D Doye

    VP DEV & ADV

    Total calculated
    $181,023
    From this org
    $158,646
    From related orgs
    $0
    Other
    $22,377
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,646
    Bonus
    not reported
    Other
    not reported
    Deferred
    $14,107
    Nontaxable benefits
    $8,270
    Filer's total
    $181,023

  • debra chafe

    VP Controller

    Total calculated
    $168,692
    From this org
    $150,785
    From related orgs
    $0
    Other
    $17,907
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,785
    Bonus
    not reported
    Other
    not reported
    Deferred
    $9,358
    Nontaxable benefits
    $8,549
    Filer's total
    $168,692

  • Veronica Garcia Castaneda

    VP HR & TM

    Total calculated
    $163,875
    From this org
    $147,239
    From related orgs
    $0
    Other
    $16,636
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,239
    Bonus
    $2,000
    Other
    not reported
    Deferred
    $7,200
    Nontaxable benefits
    $9,436
    Filer's total
    $163,875

  • Gregory F Smith

    VP RE DEV

    Total calculated
    $141,643
    From this org
    $135,533
    From related orgs
    $0
    Other
    $6,110
    Hours/week
    40

  • Jenny Castro

    Project Manager II

    Total calculated
    $128,769
    From this org
    $120,984
    From related orgs
    $0
    Other
    $7,785
    Hours/week
    40

  • Deandre Comers

    VP of Health&SS

    Total calculated
    $128,418
    From this org
    $120,079
    From related orgs
    $0
    Other
    $8,339
    Hours/week
    40

  • Lisa Raagas

    President & CEO

    Total calculated
    $121,114
    From this org
    $116,675
    From related orgs
    $0
    Other
    $4,439
    Hours/week
    40

  • Carla D Contreras

    Human Res. Mngr

    Total calculated
    $114,004
    From this org
    $108,992
    From related orgs
    $0
    Other
    $5,012
    Hours/week
    40

  • Valentin Mendoza

    VP DA & COMPLIA

    Total calculated
    $90,420
    From this org
    $84,458
    From related orgs
    $0
    Other
    $5,962
    Hours/week
    40

  • Michael Alvidrez

    Former CEO

    Total calculated
    $74,356
    From this org
    $72,457
    From related orgs
    $0
    Other
    $1,899
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $72,457
    Bonus
    not reported
    Other
    not reported
    Deferred
    $1,899
    Nontaxable benefits
    not reported
    Filer's total
    $74,356

  • Courtney M Daharsh

    VP E PMO & SI

    Total calculated
    $72,973
    From this org
    $67,459
    From related orgs
    $0
    Other
    $5,514
    Hours/week
    40

  • Antonio D Le Mons

    President & COO

    Total calculated
    $52,909
    From this org
    $46,464
    From related orgs
    $0
    Other
    $6,445
    Hours/week
    40

  • Tomashu K Jones

    VP HEA & SOC SE

    Total calculated
    $33,962
    From this org
    $32,458
    From related orgs
    $0
    Other
    $1,504
    Hours/week
    40

  • Simon Ha

    Chairman

    Total calculated
    $0
    Hours/week
    1.08 + 0.04 related

  • Diana Skidmore

    Director

    Total calculated
    $0
    Hours/week
    1.08

  • Max Kolomeyer

    Treasurer

    Total calculated
    $0
    Hours/week
    1.08 + 0.04 related

  • Patrick Spillane

    Director

    Total calculated
    $0
    Hours/week
    1.08

  • Paul Gregerson MD

    Director

    Total calculated
    $0
    Hours/week
    1.08

  • Benjamin Henwood

    Director

    Total calculated
    $0
    Hours/week
    0

  • David Waite

    Director

    Total calculated
    $0
    Hours/week
    1.12

  • Rex Jones

    Director

    Total calculated
    $0
    Hours/week
    1.12 + 0.04 related

  • Diane Ballen

    Director

    Total calculated
    $0
    Hours/week
    1.08 + 0.04 related

  • Jennifer Christian-Herman

    Secretary

    Total calculated
    $0
    Hours/week
    1.08

  • Katherine Perez

    Director

    Total calculated
    $0
    Hours/week
    1.08

  • Dan Mahoney

    Director

    Total calculated
    $0
    Hours/week
    1.12

  • Emil Khodorkovsky

    Director

    Total calculated
    $0
    Hours/week
    1.08

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 · Form 990 of other organizations
  • 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.

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.

  • SRHT PROPERTY MANAGEMENT COMPANY

    501(c)(3) · MANAGEMENT OF LOW INCOME HSG PROPERTIES · CA · controlled entity

    Directly controlled by SKID ROW HOUSING TRUST

  • SAN PEDRO HOUSE

    501(c)(3) · PROVIDE AFFORDABLE HSG TO NEEDY INDIVIDUALS · CA · controlled entity

    Directly controlled by SKID ROW HOUSING TRUST

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.

  • SRHT PROPERTY HOLDING LLC

    INVEST IN P/S THAT PROVIDE AFFORDABLE HOUSING · CA · income $1,027,207 · assets $8,698,377

    Directly controlled by SKID ROW HOUSING TRUST

  • SRHT CREST GP LLC

    INVEST IN P/S THAT PROVIDE AFFORDABLE HOUSING · CA · income $40,090 · assets $155,682

    Directly controlled by SKID ROW HOUSING TRUST

  • THE SIX VETERANS HOUSING GP LLC

    INVEST IN P/S THAT PROVIDE AFFORDABLE HOUSING · CA · income $47,292 · assets $12,046

    Directly controlled by SKID ROW HOUSING TRUST

  • STAR APARTMENTS LLC

    INVEST IN P/S THAT PROVIDE AFFORDABLE HOUSING · CA · income $19,163 · assets $2,494,025

    Directly controlled by SKID ROW HOUSING TRUST

  • NEW PERSHING APARTMENT LLC

    INVEST IN P/S THAT PROVIDE AFFORDABLE HOUSING · CA · income $41,328 · assets $95,786

    Directly controlled by SKID ROW HOUSING TRUST

  • 649 LOFT GP LLC

    INVEST IN P/S THAT PROVIDE AFFORDABLE HOUSING · CA · income $843,396 · assets $17,195,282

    Directly controlled by SKID ROW HOUSING TRUST

  • SKID ROW SOUTHEAST 1 GP LLC

    INVEST IN P/S THAT PROVIDE AFFORDABLE HOUSING · CA · income $62,886 · assets $5,546,101

    Directly controlled by SKID ROW HOUSING TRUST

  • SENATOR 2015 GP LLC

    INVEST IN P/S THAT PROVIDE AFFORDABLE HOUSING · CA · income $25,515 · assets $14,972,390

    Directly controlled by SKID ROW HOUSING TRUST

  • SIMONE 2015 GP LLC

    INVEST IN P/S THAT PROVIDE AFFORDABLE HOUSING · CA · income $73,445 · assets $3,434,345

    Directly controlled by SKID ROW HOUSING TRUST

  • SKID ROW CENTRAL 1 GP LLC

    INVEST IN P/S THAT PROVIDE AFFORDABLE HOUSING · CA · income $99,879 · assets $4,772,728

    Directly controlled by SKID ROW HOUSING TRUST

  • FLOR 401 LOFTS GP LLC

    INVEST IN P/S THAT PROVIDE AFFORDABLE HOUSING · CA · income $71,581 · assets $3,160,017

    Directly controlled by SKID ROW HOUSING TRUST

  • 600 SAN PEDRO GP LLC

    INVEST IN P/S THAT PROVIDE AFFORDABLE HOUSING · CA

    Directly controlled by SKID ROW HOUSING TRUST

  • SP7 APARTMENTS GP LLC

    INVEST IN P/S THAT PROVIDE AFFORDABLE HOUSING · CA · income $100,145 · assets $33,196,654

    Directly controlled by SKID ROW HOUSING TRUST

  • Axiom Apts GP LLC

    INVEST IN P/S THAT PROVIDE AFFORDABLE HOUSING · CA

    Directly controlled by SKID ROW HOUSING TRUST

  • 713 5th Street GP LLC

    INVEST IN P/S THAT PROVIDE AFFORDABLE HOUSING · CA

    Directly controlled by SKID ROW HOUSING TRUST

  • Restorative Neighborhood Resources LLC

    loan purchasing · CA · assets $135,741

    Directly controlled by SKID ROW HOUSING TRUST

  • Ambrosia GP LLC

    INVEST IN P/S THAT PROVIDE AFFORDABLE HOUSING · CA

    Directly controlled by SKID ROW HOUSING TRUST

  • CONFIANZA GP LLC

    INVEST IN P/S THAT PROVIDE AFFORDABLE HOUSING · CA

    Directly controlled by SKID ROW HOUSING TRUST

  • SRHT REAL ESTATE LLC

    AFFORDABLE HOUSING · CA

    Directly controlled by SKID ROW HOUSING TRUST

  • SRHTANDCECIL GP LLC

    INVEST IN P/S THAT PROVIDE AFFORDABLE HOUSING · CA

    Directly controlled by SKID ROW HOUSING TRUST

  • Towne II LLC

    INVEST IN P/S THAT PROVIDE AFFORDABLE HOUSING · CA

    Directly controlled by SKID ROW HOUSING TRUST

  • SRHTANDAMBROSE GP LLC

    INVEST IN P/S THAT PROVIDE AFFORDABLE HOUSING · CA

    Directly controlled by SKID ROW HOUSING TRUST

  • ENCORE APARTMENTS GP LLC

    INVEST IN P/S THAT PROVIDE AFFORDABLE HOUSING · CA

    Directly controlled by SKID ROW HOUSING TRUST

Related partnerships

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

  • SEE ATTACHED PDF

    CA

  • restora llc

    loan purchasing · CA

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202303199349318210

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.