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Nonprofiteer
← HOLA COMMUNITY PARTNERS

Form 990 for tax year 2023

Filed by HOLA COMMUNITY PARTNERS.

Totals

Total revenue
$140,000
Total expenses
$779,267
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$140,000
Total assets, end of year
$17,386,966
Total liabilities, end of year
$19,714,000
Net assets or fund balances, end of year
-$2,327,034
Program services expenses (Part IX)
$701,092
Management and general expenses
$59,971
Fundraising expenses
$18,204
Program service expenses (Part III)
$701,092

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.

  • 11a · Other revenue: RENTAL INCOME

    total $140,000 · related or exempt $140,000

  • 11e · Other revenue, total

    $140,000

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $22,458 · management and general $22,458

  • 20 · Interest

    total $284,385 · program services $263,966 · management and general $13,565 · fundraising $6,854

  • 22 · Depreciation, depletion and amortization

    total $470,940 · program services $437,126 · management and general $22,464 · fundraising $11,350

  • 24a · Other expenses: BANK CHARGES

    total $1,484 · management and general $1,484

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $444,459 · end of year $276,132

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

    $18,366,674

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

    $1,255,840

  • 10c · Land, buildings and equipment, net

    beginning of year $17,581,774 · end of year $17,110,834

  • 23 · Secured mortgages and notes payable

    beginning of year $19,714,000 · end of year $19,714,000

  • 27 · Net assets without donor restrictions

    beginning of year -$1,687,767 · end of year -$2,327,034

Mission and programs · 2023

Mission

TO SUPPORT HEART OF LOS ANGELES YOUTH, INC., A RELATED TAX-EXEMPT ORGANIZATION, IN ITS YOUTH-SERVING ACTIVITIES.

Activities or mission (Part I)

SUPPORT HEART OF LOS ANGELES YOUTH, A RELATED NONPROFIT, IN ITS YOUTH-SERVING ACTIVITIES.

  • EDUCATION: THE ORGANIZATION IS A SUPPORTING ENTITY OF ANOTHER CALIFORNIA NONPROFIT, HEART OF LOS ANGELES YOUTH, INC (HOLA). AS SUCH, ITS SOLE PURPOSE IS TO SUPPORT HOLA THROUGH CONSTRUCTION OF A LEARNING AND COMMUNITY CENTER. ALL PROGRAMMATIC WORK IS PERFORMED BY THE SUPPORTED ORGANIZATION, HOLA.

    Expenses $185,660

  • ARTS: THE ORGANIZATION IS A SUPPORTING ENTITY OF ANOTHER CALIFORNIA NONPROFIT, HEART OF LOS ANGELES YOUTH, INC (HOLA). AS SUCH, ITS SOLE PURPOSE IS TO SUPPORT HOLA THROUGH CONSTRUCTION OF A LEARNING AND COMMUNITY CENTER. ALL PROGRAMMATIC WORK IS PERFORMED BY THE SUPPORTED ORGANIZATION, HOLA.

    Expenses $466,336

  • FAMILY: THE ORGANIZATION IS A SUPPORTING ENTITY OF ANOTHER CALIFORNIA NONPROFIT, HEART OF LOS ANGELES YOUTH, INC (HOLA). AS SUCH, ITS SOLE PURPOSE IS TO SUPPORT HOLA THROUGH CONSTRUCTION OF A LEARNING AND COMMUNITY CENTER. ALL PROGRAMMATIC WORK IS PERFORMED BY THE SUPPORTED ORGANIZATION, HOLA.

    Expenses $45,622

  • ATHLETICS: THE ORGANIZATION IS A SUPPORTING ENTITY OF ANOTHER CALIFORNIA NONPROFIT, HEART OF LOS ANGELES YOUTH, INC (HOLA). AS SUCH, ITS SOLE PURPOSE IS TO SUPPORT HOLA THROUGH CONSTRUCTION OF A LEARNING AND COMMUNITY CENTER. ALL PROGRAMMATIC WORK IS PERFORMED BY THE SUPPORTED ORGANIZATION, HOLA.

    Expenses $3,474

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • ALISON WHALEN

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • PETER SCHUBE

    VICE PRESIDENT/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL GOODRICH

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • HAROLD CARTER JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN CERVANTES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SHEBA GROBSTEIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JERRY NEGLIA

    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.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202531349349307128

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