Totals
- Total revenue
- $637,507
- Total expenses
- $1,129,630
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $637,307
- Investment income
- $0
- Other revenue
- $200
- Total assets, end of year
- $119,402,817
- Total liabilities, end of year
- $52,274,276
- Net assets or fund balances, end of year
- $67,128,541
- Program services expenses (Part IX)
- $836,995
- Management and general expenses
- $292,635
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $836,995
Program services were 74.1% 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 and other related income
total $637,307 · related or exempt $637,307 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
11d · All other revenue
total $200 · related or exempt $200 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$200
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $113,910 · management and general $113,910
-
13 · Office expenses
total $5,056 · management and general $5,056
-
17 · Travel
total $38 · management and general $38
-
22 · Depreciation, depletion and amortization
total $227,737 · program services $227,737
-
23 · Insurance
total $10,142 · program services $10,142
-
24a · Other expenses: Repairs and Maintenance
total $145,325 · program services $145,325 · management and general $0 · fundraising $0
-
24b · Other expenses: Utilities
total $17,195 · program services $17,195 · management and general $0 · fundraising $0
-
24c · Other expenses: Frontline Costs
total $14,010 · program services $0 · management and general $14,010 · fundraising $0
-
24d · Other expenses: Misc Admin Cost
total $159,621 · program services $0 · management and general $159,621 · fundraising $0
-
24e · All other expenses
total $436,596 · program services $436,596 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $653,613
-
2 · Savings and temporary cash investments
end of year -$186,541
-
4 · Accounts receivable
end of year $427,582
-
9 · Prepaid expenses and deferred charges
end of year $22,176
-
10a · Land, buildings and equipment: cost or other basis
$123,801,322
-
10b · Land, buildings and equipment: accumulated depreciation
$5,676,287
-
10c · Land, buildings and equipment, net
end of year $118,125,035
-
15 · Other assets
end of year $360,952
-
17 · Accounts payable and accrued expenses
end of year $1,704,589
-
19 · Deferred revenue
end of year $26,604
-
23 · Secured mortgages and notes payable
end of year $38,378,804
-
25 · Other liabilities
end of year $12,164,279
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year -$50,996,494
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $118,125,035
-
31 · Retained earnings, endowment or other funds
beginning of year $0 · end of year $0
Mission and programs · 2023
Mission
Provide assistance to the Housing Authority by owning and operating multifamily residential rental properties and related facilities, land and equipment for the use and benefit of the Authority.
Activities or mission (Part I)
Formed to provide assistance to the Housing Authority by owning and operating multifamily residential rental properties and related facilities, land and equipment for the use and benefit of the Authority.
-
TO PROVIDE RENTAL HOUSING FOR LOW AND MODERATE INCOME FAMILIES
Expenses $836,995
As filed on the 2023 return.
Listed in Part VII
-
Tina Booth
President
- Total calculated
- $261,412
- From this org
- $0
- From related orgs
- $260,112
- Other
- $1,300
- Hours/week
- 0.25 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $261,412 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $1,300 related
- Nontaxable benefits
- $0
- Filer's total
- $0 + $262,712 related
-
Patricia Kataura
Treasurer
- Total calculated
- $249,477
- From this org
- $0
- From related orgs
- $249,477
- Other
- $0
- Hours/week
- 0.25 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $249,477 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $249,477 related
Schedule J breakdown matched by us
- Base
- $0 + $183,980 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $14,300 related
- Nontaxable benefits
- $0
- Filer's total
- $0 + $198,280 related
-
Lisette Belon
Secretary
- Total calculated
- $198,280
- From this org
- $0
- From related orgs
- $183,980
- Other
- $14,300
- Hours/week
- 0.25 + 40 related
-
Alexandra Suh
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Cielo Castro
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Delfino de la Cruz
Board Member
- Total calculated
- $0
- Hours/week
- 0
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.
-
HOUSING AUTHORITY CITY OF LA
501C3 · Housing · CA
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.
-
Orchid Apartments LLC
HOUSING · CA · income $0 · assets $0
Directly controlled by LOS ANGELES LOMOD WEST INC LOS ANGELES LOMOD WEST INC
-
WESTLAKE MACARTHUR PARK APARTMENTS
Housing · CA · income $135,011 · assets $30,701,843
Directly controlled by LOS ANGELES LOMOD WEST INC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.0
- Source object
- 202403209349322800
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