Form 990 for tax year 2022
Filed by EAST L A COMMUNITY CORPORATION.
Totals
- Total revenue
- $4,462,468
- Total expenses
- $4,792,136
- Contributions and grants received
- $1,556,494
- Grants paid
- $0
- Program service revenue
- $2,904,302
- Investment income
- $1,672
- Other revenue
- $0
- Total assets, end of year
- $38,397,937
- Total liabilities, end of year
- $16,985,427
- Net assets or fund balances, end of year
- $21,412,510
- Program services expenses (Part IX)
- $4,022,008
- Management and general expenses
- $488,439
- Fundraising expenses
- $281,689
- Program service expenses (Part III)
- $4,022,008
Program services were 83.9% 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)
$495,607
-
1f · All other contributions, gifts and grants
$1,060,887
-
2a · Program service revenue: DEVELOPER FEES
total $1,337,586 · related or exempt $1,337,586
-
2b · Program service revenue: NET RENTAL REVENUE
total $1,010,766 · related or exempt $1,010,766
-
2c · Program service revenue: MANAGEMENT FEES
total $173,809 · related or exempt $173,809
-
2d · Program service revenue: RELATED PARTY INTEREST
total $147,429 · related or exempt $147,429
-
2e · Program service revenue: TENANT SERVICE FEES
total $124,192 · related or exempt $124,192
-
2f · All other program service revenue
total $110,520 · related or exempt $110,520
-
3 · Investment income
total $1,672 · excluded $1,672
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $357,266 · program services $296,247 · management and general $31,103 · fundraising $29,916
-
7 · Other salaries and wages
total $1,612,650 · program services $1,336,661 · management and general $140,726 · fundraising $135,263
-
8 · Pension plan contributions
total $16,192 · program services $13,511 · management and general $1,359 · fundraising $1,322
-
9 · Other employee benefits
total $171,012 · program services $142,699 · management and general $14,353 · fundraising $13,960
-
10 · Payroll taxes
total $148,493 · program services $126,754 · management and general $8,108 · fundraising $13,631
-
11b · Fees: legal
total $27,244 · program services $23,750 · management and general $3,494
-
11c · Fees: accounting
total $129,127 · program services $109,627 · management and general $17,091 · fundraising $2,409
-
11g · Fees: other
total $545,387 · program services $413,348 · management and general $105,866 · fundraising $26,173
-
12 · Advertising and promotion
total $4,135 · management and general $4,135
-
13 · Office expenses
total $106,340 · program services $56,146 · management and general $10,544 · fundraising $39,650
-
14 · Information technology
total $80,267 · program services $80,267
-
16 · Occupancy
total $409,534 · program services $283,616 · management and general $125,918
-
17 · Travel
total $18,290 · program services $11,312 · management and general $6,726 · fundraising $252
-
19 · Conferences, conventions and meetings
total $14,383 · program services $12,631 · management and general $1,752
-
22 · Depreciation, depletion and amortization
total $163,462 · program services $163,462
-
24a · Other expenses: PROGRAM EXPENSES
total $522,107 · program services $522,107
-
24b · Other expenses: REPAIRS & MAINTENANCE
total $112,241 · program services $112,241
-
24c · Other expenses: LOSSES FROM PARTNERSHIP
total $82,611 · program services $82,611
-
24d · Other expenses: LICENSES & PERMITS
total $72,639 · program services $63,792 · management and general $8,847
-
24e · All other expenses
total $198,756 · program services $171,226 · management and general $8,417 · fundraising $19,113
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $5,968,551 · end of year $3,698,754
-
2 · Savings and temporary cash investments
beginning of year $248,380 · end of year $248,497
-
3 · Pledges and grants receivable
beginning of year $91,381 · end of year $798,206
-
4 · Accounts receivable
beginning of year $1,224,278 · end of year $1,407,653
-
7 · Other notes and loans receivable
beginning of year $10,792,998 · end of year $13,213,023
-
9 · Prepaid expenses and deferred charges
beginning of year $431,037 · end of year $305,172
-
10a · Land, buildings and equipment: cost or other basis
$18,389,421
-
10b · Land, buildings and equipment: accumulated depreciation
$2,647,644
-
10c · Land, buildings and equipment, net
beginning of year $8,699,963 · end of year $15,741,777
-
13 · Investments: program-related
beginning of year -$467,583 · end of year -$1,499,598
-
15 · Other assets
beginning of year $3,255,312 · end of year $4,484,453
-
17 · Accounts payable and accrued expenses
beginning of year $741,372 · end of year $8,160,687
-
19 · Deferred revenue
beginning of year $11,829 · end of year $10,000
-
21 · Escrow or custodial account liability
end of year $80,253
-
23 · Secured mortgages and notes payable
beginning of year $274,368 · end of year $278,215
-
25 · Other liabilities
beginning of year $8,796,050 · end of year $8,456,272
-
27 · Net assets without donor restrictions
beginning of year $15,383,503 · end of year $15,381,702
-
28 · Net assets with donor restrictions
beginning of year $5,037,195 · end of year $6,030,808
Mission and programs · 2022
Mission
ELACC'S MISSION IS TO ADVOCATE FOR ECONOMIC AND SOCIAL JUSTICE IN BOYLE HEIGHTS AND EAST LOS ANGELES BY BUILDING GRASSROOTS LEADERSHIP, DEVELOPING AFFORDABLE HOUSING AND NEIGHBORHOOD ASSETS, AND PROVIDING ACCESS TO ECONOMIC DEVELOPMENT OPPORTUNITIES TO LOW AND MODERATE INCOME FAMILIES.
-
A. COMMUNITY WEALTH: 1. THROUGH VITA, PROVIDE FREE TAX RETURN PREPARATION FOR LOW-INCOME HOUSEHOLDS. 2. PROVIDE FINANCIAL EDUCATION WORKSHOPS AND FINANCIAL COACHING FOR LOW-INCOME HOUSEHOLDS. 3. ORGANIZE LENDING CIRCLES CREDIT BUILDING PROGRAM FOR LOW-INCOME HOUSEHOLDS. 3. THROUGH HOMEBUYER EDUCATION AND COUNSELING, PREPARE FUTURE HOMEOWNERS WITH FIRST TIME HOMEBUYER EDUCATION AND ONE-ON-ONE PRE-PURCHASE COUNSELING.
Expenses $915,607
-
B. AFFORDABLE HOUSING & COMMUNITY DEVELOPMENT: 1. DEVELOP NEW AFFORDABLE HOUSING PROJECTS; 2. OWN AND PROVIDE ASSET & PROPERTY MANAGEMENT SERVICES FOR IN-HOUSE PORTFOLIO OF 60 AFFORDABLE HOUSING UNITS AND 10 COMMERCIAL PROPERTIES; 3. CO-OWN AND PROVIDE ASSET MANAGEMENT SERVICES FOR LOW INCOME HOUSING TAX CREDIT AFFORDABLE & PERMANENET SUPPORTIVE HOUSING PORTFOLIO INCLUDING 19 PROJECTS WITH 917 UNITS; 4. PROVIDE SERVICES TO RESIDENTS OF AFFORDABLE HOUSING PROPERTIES.
Expenses $3,106,401 · Revenue $2,904,302
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
AARON ELSTER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
ARACELI SANDOVAL
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
ARNOLDO ULLOA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
DANIEL RODRIGUEZ
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
MANUEL BERNAL
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
MERCEDES MARTIN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
ROBERTO VIRAMONTES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
SARAH YUN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
MONICA MEJIA
PRESIDENT & CEO
- Total calculated
- $199,882
- From this org
- $185,000
- From related orgs
- $0
- Other
- $14,882
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $185,000
- Bonus
- $0
- Other
- $0
- Deferred
- $5,550
- Nontaxable benefits
- $9,332
- Filer's total
- $199,882
-
ADALIA RODRIGUEZ
VP OF HUMAN CAPITAL & COO
- Total calculated
- $157,384
- From this org
- $150,051
- From related orgs
- $0
- Other
- $7,333
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $149,617
- Bonus
- $0
- Other
- $434
- Deferred
- $4,500
- Nontaxable benefits
- $2,833
- Filer's total
- $157,384
-
ILAN SLOVIN
DIRECTOR OF FINANCE
- Total calculated
- $126,421
- From this org
- $115,400
- From related orgs
- $0
- Other
- $11,021
- Hours/week
- 40
-
MATILDE SOTO LOPEZ
SENIOR ASSET MANAGER
- Total calculated
- $121,756
- From this org
- $113,416
- From related orgs
- $0
- Other
- $8,340
- Hours/week
- 40
-
JACQUELINE FIGUEROA
DIRECTOR OF REAL ESTATE DEVELOPMENT
- Total calculated
- $158,122
- From this org
- $150,632
- From related orgs
- $0
- Other
- $7,490
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $88,432
- Bonus
- $30,000
- Other
- $32,200
- Deferred
- $2,656
- Nontaxable benefits
- $4,834
- Filer's total
- $158,122
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
- 4a · Severance or change-of-control payment
- 6a · Pay contingent on this organization's net earnings
Answered no
- 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
- 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 4A
- JACQUELINE FIGUEROA, FORMER DIRECTOR OF REAL ESTATE DEVELOPMENT (HIGHEST-COMPENSATED EMPLOYEE) LEFT DURING THE TAX YEAR AND RECEIVED A SEVERANCE PAYMENT: $30,000
- PART I, LINE 6
- "JACQUELINE FIGUEROA, FORMER DIRECTOR OF REAL ESTATE DEVELOPMENT (HIGHEST-COMPENSATED EMPLOYEE) LEFT DURING THE TAX YEAR AND RECEIVED AN: INCENTIVE BONUS PAYMENT: $30,000 INCENTIVE BONUS TERMS: 5% OF DEPARTMENT-LEVEL (REAL ESTATE DEVELOPMENT DEPARTMENT) NET REVENUE OVER EXPENSE, UP TO MAX OF $30,000
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.
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.
-
AFFORDABLE HOUSING · CA · income $0 · assets $0
Directly controlled by EAST LA COMMUNITY CORPORATION
-
AFFORDABLE HOUSING · CA · income $0 · assets $0
Directly controlled by EAST LA COMMUNITY CORPORATION
-
AFFORDABLE HOUSING · CA · income $0 · assets $0
Directly controlled by EAST LA COMMUNITY CORPORATION
-
CIELITO LINDO APARTMENTS PHASE II LLC
AFFORDABLE HOUSING · CA · income $0 · assets $0
Directly controlled by EAST LA COMMUNITY CORPORATION
-
AFFORDABLE HOUSING · CA · income $0 · assets $0
Directly controlled by EAST LA COMMUNITY CORPORATION
-
AFFORDABLE HOUSING · CA · income $0 · assets $0
Directly controlled by EAST LA COMMUNITY CORPORATION
-
AFFORDABLE HOUSING · CA · income $0 · assets $0
Directly controlled by EAST LA COMMUNITY CORPORATION
-
AFFORDABLE HOUSING · CA · income $0 · assets $0
Directly controlled by EAST LA COMMUNITY CORPORATION
-
LAS CASITAS HOUSING VENTURES LLC
AFFORDABLE HOUSING · CA · income $0 · assets $0
Directly controlled by EAST LA COMMUNITY CORPORATION
-
SUN VALLEY SENIOR VETERANS LLC
AFFORDABLE HOUSING · CA · income $0 · assets $0
Directly controlled by EAST LA COMMUNITY CORPORATION
-
AFFORDABLE HOUSING · CA · income $0 · assets $0
Directly controlled by EAST LA COMMUNITY CORPORATION
-
AFFORDABLE HOUSING · CA · income $0 · assets $0
Directly controlled by EAST LA COMMUNITY CORPORATION
-
AFFORDABLE HOUSING · CA · income $0 · assets $0
Directly controlled by EAST LA COMMUNITY CORPORATION
-
AFFORDABLE HOUSING · CA · income $0 · assets $0
Directly controlled by EAST LA COMMUNITY CORPORATION
-
AFFORDABLE HOUSING · CA · income $0 · assets $0
Directly controlled by EAST LA COMMUNITY CORPORATION
-
AFFORDABLE HOUSING · CA · income $0 · assets $0
Directly controlled by EAST LA COMMUNITY CORPORATION
-
AFFORDABLE HOUSING · CA · income $0 · assets $0
Directly controlled by EAST LA COMMUNITY CORPORATION
-
AFFORDABLE HOUSING · CA · income $0 · assets $0
Directly controlled by EAST LA COMMUNITY CORPORATION
-
AFFORDABLE HOUSING · CA · income $0 · assets $0
Directly controlled by EAST LA COMMUNITY CORPORATION
-
COMMERCIAL RE: COMMUNITY FACILITY · CA · income $3,103 · assets $807,353
Directly controlled by EAST LA COMMUNITY CORPORATION
-
COMMERCIAL RE: OFFICE · CA · income $2,412 · assets $393,825
Directly controlled by EAST LA COMMUNITY CORPORATION
-
COMMERCIAL RE: RETAIL · CA · income $419 · assets $460,217
Directly controlled by EAST LA COMMUNITY CORPORATION
-
EAST LA COMMUNITY HOUSING CORPORATION
AFFORDABLE HOUSING · CA · income $0 · assets $0
Directly controlled by EAST LA COMMUNITY CORPORATION
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
RELATED · AFFORDABLE HOUSING · CA · 0.01% owned · share of income -$57 · share of assets $204,971 · general or managing partner
Directly controlled by ELACC
-
RELATED · AFFORDABLE HOUSING · CA · 0.01% owned · share of income -$9 · share of assets $135,182 · general or managing partner
Directly controlled by ELACC
-
RELATED · AFFORDABLE HOUSING · CA · 0.01% owned · share of income -$16 · share of assets $207,530 · general or managing partner
Directly controlled by BESWICK SENIOR APARTMENTS LLC
-
RELATED · AFFORDABLE HOUSING · CA · 0.01% owned · share of income -$87 · share of assets $2,522,892 · general or managing partner
Directly controlled by ELACC
-
RELATED · AFFORDABLE HOUSING · CA · 0.01% owned · share of income -$18 · share of assets $120,441 · general or managing partner
Directly controlled by ELACC
-
RELATED · AFFORDABLE HOUSING · CA · 0.01% owned · general or managing partner
Directly controlled by ELACC
-
CIELITO LINDO APARTMENTS PHASE II LP
RELATED · AFFORDABLE HOUSING · CA · 0.01% owned · share of assets $2,538,478 · general or managing partner
Directly controlled by CIELITO LINDO APARTMENTS PHASE II LLC
-
RELATED · AFFORDABLE HOUSING · CA · 0.01% owned · share of assets $1,233,297 · general or managing partner
Directly controlled by ELACC
-
COMMUNITY OWNED REAL ESTATE LLC
RELATED · AFFORDABLE HOUSING · CA · 55% owned · share of income -$164,131 · share of assets $5,859,307 · general or managing partner
Directly controlled by ELACC
-
RELATED · AFFORDABLE HOUSING · CA · 0.01% owned · share of income -$46 · share of assets $2,577,134 · general or managing partner
Directly controlled by ELACC
-
RELATED · AFFORDABLE HOUSING · CA · 30% owned · share of income -$310,180 · general or managing partner
Directly controlled by ELACC
-
RELATED · AFFORDABLE HOUSING · CA · 0.01% owned · share of income -$353,448 · share of assets $1,773,093 · general or managing partner
Directly controlled by ELACC
-
RELATED · AFFORDABLE HOUSING · CA · 0.01% owned · share of assets $3,832,590 · general or managing partner
Directly controlled by ELACC
-
RELATED · AFFORDABLE HOUSING · CA · 0.01% owned · share of income -$36 · share of assets $2,225,539 · general or managing partner
Directly controlled by ELACC
-
RELATED · AFFORDABLE HOUSING · CA · 25% owned · share of income -$400 · share of assets $44,812 · general or managing partner
Directly controlled by ELACC
-
RELATED · AFFORDABLE HOUSING · CA · 0.01% owned · share of income -$48 · share of assets $129,055 · general or managing partner
Directly controlled by ELACC
-
VISTA DUNES HOUSING PARTNERS LP
RELATED · AFFORDABLE HOUSING · CA · 0.25% owned · share of income -$80 · share of assets $209,339 · general or managing partner
Directly controlled by VISTA DUNES GP LLC
-
WOODS FAMILY HOUSING PARTNERS LP
RELATED · AFFORDABLE HOUSING · CA · 0.21% owned · share of income $398 · share of assets $66,575 · general or managing partner
Directly controlled by WOODS FAMILY HSG PTRS GP LLC
-
RELATED · AFFORDABLE HOUSING · CA · 21% owned · share of income -$91 · share of assets $112,651 · general or managing partner
Directly controlled by ELACC
-
AFFORDABLE HOUSING · CA
-
AFFORDABLE HOUSING · CA
-
RELATED · AFFORDABLE HOUSING · CA · 0.01% owned · share of income -$81 · share of assets $19 · general or managing partner
Directly controlled by EAST LA COMMUNITY CORPORATION
-
RELATED · AFFORDABLE HOUSING · CA · 0.01% owned · share of assets $50 · general or managing partner
Directly controlled by EAST LA COMMUNITY CORPORATION
-
RELATED · AFFORDABLE HOUSING · CA · 50% owned · share of income -$4,189 · share of assets $302,361 · general or managing partner
Directly controlled by EAST LA COMMUNITY CORPORATION
-
RELATED · AFFORDABLE HOUSING · CA · 99% owned · general or managing partner
Directly controlled by EAST LA COMMUNITY CORPORATION
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
C · MANAGEMENT · CA · 100% owned · share of assets $972,919 · controlled entity
Directly controlled by EAST LA COMMUNITY CORPORATION
-
C · RENTAL REAL ESTATE · CA · 100% owned · share of income $59 · share of assets $4,788,284 · controlled entity
Directly controlled by EAST LA COMMUNITY CORPORATION
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202303199349300410
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