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Nonprofiteer
← LAO FAMILY COMMUNITY DEVELOPMENT INC

Form 990 for tax year 2023

Filed by LAO FAMILY COMMUNITY DEVELOPMENT INC.

Totals

Total revenue
$23,204,497
Total expenses
$23,335,561
Contributions and grants received
$21,900,756
Grants paid
$0
Program service revenue
$83,466
Investment income
$356,855
Other revenue
$863,420
Total assets, end of year
$62,147,224
Total liabilities, end of year
$53,327,495
Net assets or fund balances, end of year
$8,819,729
Program services expenses (Part IX)
$17,927,869
Management and general expenses
$5,393,193
Fundraising expenses
$14,499
Program service expenses (Part III)
$17,927,869

Program services were 76.8% 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.

  • 1e · Government grants (contributions)

    $21,699,842

  • 1f · All other contributions, gifts and grants

    $200,914

  • 1g · Noncash contributions included above

    $85,251

  • 2a · Program service revenue: IDA INCOME

    total $83,466 · related or exempt $83,466

  • 3 · Investment income

    total $356,855 · related or exempt $356,855

  • 6a · Gross rents

    real property $1,376,243

  • 6b · Less rental expenses

    real property $698,070

  • 6c · Rental income or loss

    real property $678,173

  • 6d · Net rental income or loss

    total $678,173 · related or exempt $678,173

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $165,134 · related or exempt $165,134

  • 11b · Other revenue: PARTNERSHIP MANAGEMENT FEES

    total $18,313 · related or exempt $18,313

  • 11c · Other revenue: MEMBERSHIP INCOME

    total $1,800 · related or exempt $1,800

  • 11e · Other revenue, total

    $185,247

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $762,208 · program services $636,520 · management and general $111,921 · fundraising $13,767

  • 7 · Other salaries and wages

    total $6,947,011 · program services $5,837,582 · management and general $1,109,429

  • 9 · Other employee benefits

    total $1,085,277 · program services $816,842 · management and general $268,435

  • 10 · Payroll taxes

    total $782,076 · program services $686,139 · management and general $95,205 · fundraising $732

  • 11b · Fees: legal

    total $10,122 · management and general $10,122

  • 11c · Fees: accounting

    total $35,000 · management and general $35,000

  • 11g · Fees: other

    total $985,303 · program services $909,410 · management and general $75,893

  • 13 · Office expenses

    total $672,121 · program services $521,581 · management and general $150,540

  • 16 · Occupancy

    total $2,453,177 · program services $1,117,292 · management and general $1,335,885

  • 17 · Travel

    total $134,055 · program services $116,759 · management and general $17,296

  • 20 · Interest

    total $2,019,226 · program services $1,021,501 · management and general $997,725

  • 22 · Depreciation, depletion and amortization

    total $636,450 · program services $279,261 · management and general $357,189

  • 23 · Insurance

    total $236,045 · program services $9,743 · management and general $226,302

  • 24a · Other expenses: CLIENT SUPPORTIVE

    total $5,366,760 · program services $5,094,330 · management and general $272,430

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $507,347 · program services $339,212 · management and general $168,135

  • 24c · Other expenses: PROPERTY TAXES

    total $291,721 · program services $196,928 · management and general $94,793

  • 24d · Other expenses: PROGRAM MATERIALS

    total $194,669 · program services $159,581 · management and general $35,088

  • 24e · All other expenses

    total $216,993 · program services $185,188 · management and general $31,805

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $637,655 · end of year -$148,487

  • 2 · Savings and temporary cash investments

    beginning of year $139,354

  • 3 · Pledges and grants receivable

    beginning of year $3,522,344 · end of year $3,866,493

  • 4 · Accounts receivable

    beginning of year $82,116 · end of year $214,049

  • 7 · Other notes and loans receivable

    beginning of year $8,925,578 · end of year $8,925,578

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

    $32,005,700

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

    $1,756,409

  • 10c · Land, buildings and equipment, net

    beginning of year $43,038,921 · end of year $30,249,291

  • 13 · Investments: program-related

    end of year $364,735

  • 14 · Intangible assets

    beginning of year $896,890

  • 15 · Other assets

    beginning of year $526,231 · end of year $18,675,565

  • 17 · Accounts payable and accrued expenses

    beginning of year $487,021 · end of year $878,407

  • 19 · Deferred revenue

    beginning of year $436,261 · end of year $226,693

  • 23 · Secured mortgages and notes payable

    beginning of year $47,941,645 · end of year $33,512,239

  • 25 · Other liabilities

    beginning of year $30,285 · end of year $18,710,156

  • 27 · Net assets without donor restrictions

    beginning of year $8,873,877 · end of year $8,819,729

Mission and programs · 2023

Mission

TO PROVIDE ASSISTANCE TO REFUGEES, DIVERSE IMMIGRANT, AND LOW-INCOME US BORN POPULATION TO ACHIEVE SELF-SUFFICIENCY. PROVIDING ASSISTANCE TO REFUGEES IN ADAPTING TO LIFE IN THE UNITED STATES AND IN ACHIEVING SELF-SUFFICIENCY BY PROVIDING EDUCATION AND OTHER OPPORTUNITIES.

  • EMPLOYMENT SERVICES:PROVIDE CAREER PLANNING, INTEGRATING IT WITH ONGOING SUPPORT AND COUNSELING TO EMPLOYEES/TRAINEES AND SUPPORT THE EMPLOYERS, TOO. SERVE AS A TRUSTED PARTNER AND CAN BE A LIAISON WITH THE EMPLOYEE AND EMPLOYER. MEET WITH THE EMPLOYEE/TRAINEE TO MONITOR PROGRESS AND ASSIST WITH ONGOING NEEDS AS THEY CONTINUE THEIR EMPLOYMENT AT THE COMPANY. PROVIDE JOB COACHING, MENTORING AND WORK PERFORMANCE ASSISTANCE TO ENSURE SUCCESS AND OFFER INTEGRATED, WRAP-AROUND, AND SUPPORTIVE SERVICES TO THE EMPLOYEE/TRAINEE. WORK SITE SUPERVISORS AND PARTICIPANTS ENSURE THAT EMPLOYABILITY IS ENHANCED AND WORK SITE EXPECTATIONS ARE MET. MONITOR THE PROGRESS OF THE EMPLOYEE/TRAINEE AND MEDIATE THE CHALLENGES TO ENSURE CONTINUED RETENTION AND SUCCESS AND ASSIST EMPLOYERS WITH DEVELOPING SPECIFIC INDUSTRY TRAINING MODULES THROUGH LOCAL EDUCATIONAL ENTITIES AND WORKFORCE SYSTEM PARTNERS.

    Expenses $9,753,025 · Revenue $12,567,101

  • FAMILY SUPPORT SERVICES:PROVIDES SERVICES FOR ASSISTING WITH REMOVING BARRIERS TO SECURING INCOME SUPPORT, FEDERAL PUBLIC BENEFITS, EARNED INCOME TAX CREDITS, INCOME TAX REFUNDS, ACCESS TO SECOND CHANCE BANK ACCOUNT PRODUCTS, ACCESSING HOUSING DUE TO BLEMISHED CREDIT AND LESS THAN THE REQUIRED INCOME RATIOS THAT LANDLORDS LOOK FOR, REMOVING OBSTACLES TO ACCESSING HEALTHCARE SERVICE AND INSURANCE, GOOD JOBS WITH CAREER LADDERS AND BENEFITS, SKILLS TRAINING AND EDUCATION PROGRAMS, AND MEETING THEIR BASIC NEEDS THROUGH FREE AND LOW-COST SOURCES FROM CLOTHING, HOUSEHOLD GOODS, FOOD, UTILITY BENEFITS AND TRANSPORTATION SUPPORTS.

    Expenses $5,479,092 · Revenue $6,169,438

  • YOUTH SERVICES:PROVIDES SERVICES FOR YOUTH EMPLOYMENT, SUMMER INTERNSHIPS, AND OTHER PROGRAMS

    Expenses $1,589,802 · Revenue $1,938,502

  • COMMUNITY DEVELOPMENT:COMMUNITY DEVELOPMENT/REAL ESTATE INVESTMENTS AND CAPACITY BUILDING/GENERAL SUPPORT, AS WELL AS THE CARE COMMUNITY CENTER PROJECT F.K.A. THE SAN ANTONIO NEIGHBORHOOD RESOURCE CENTER PROPERTY.

    Expenses $1,057,444 · Revenue $678,173

  • VITA TAX SERVICES

    Expenses $48,506 · Revenue $50,000

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

Listed in Part VII

  • BRIAN LIBOW

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • FRAMTA SAECHAO

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • RITA XAVIER

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • KOY SAEPHAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HARPREET SANDHU

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KATHY CHAO-ROTHBERG

    CEO

    Total calculated
    $313,186
    From this org
    $287,499
    From related orgs
    $0
    Other
    $25,687
    Hours/week
    55 + 2 related

    Schedule J breakdown matched by us

    Base
    $287,499
    Bonus
    $0
    Other
    $0
    Deferred
    $11,500
    Nontaxable benefits
    $14,187
    Filer's total
    $313,186

  • MAI T QUACH

    DIRECTOR OF PROGRAMS

    Total calculated
    $156,435
    From this org
    $124,678
    From related orgs
    $0
    Other
    $31,757
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $124,678
    Bonus
    $0
    Other
    $0
    Deferred
    $28,655
    Nontaxable benefits
    $3,102
    Filer's total
    $156,435

  • KAZOUA HEA

    DIRECTOR

    Total calculated
    $115,000
    From this org
    $110,600
    From related orgs
    $0
    Other
    $4,400
    Hours/week
    55

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 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 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

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION IS REVIEWED ANNUALLY BY THE BOARD THROUGH COMPARING LIKE-KIND NON-PROFIT ORGANIZATIONS AND REFERING TO THE "COMPENSATION IN NON-PROFIT ORGANIZATIONS IN CALIFORNIA MANUAL AS WELL.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • CARE HURLEY WAY LLC

    CONSOLIDATING SUBSIDIARY HOLDING A BUILDING · CA · income $19,200 · assets $2,714,696

    Directly controlled by LAO FAMILY COMMUNITY DEVELOPMENT INC

  • CARE CAMPUS LLC

    CONSOLIDATING SUBSIDIARY · CA · assets $0

    Directly controlled by LAO FAMILY COMMUNITY DEVELOPMENT INC

  • JUJUBE GARDENS LLC

    CONSOLIDATING SUBSIDIARY · CA · assets $0

    Directly controlled by LAO FAMILY COMMUNITY DEVELOPMENT INC

Related partnerships

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

Provenance

Return type
form_990
Tax year
2023
Filed
7 November 2024
IRS schema version
2023v5.1
Source object
202413129349304001

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