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Nonprofiteer
← EAST L A COMMUNITY CORPORATION

Form 990 for tax year 2023

Filed by EAST L A COMMUNITY CORPORATION.

Totals

Total revenue
$4,407,694
Total expenses
$5,298,875
Contributions and grants received
$1,571,303
Grants paid
$0
Program service revenue
$2,303,783
Investment income
$11,427
Other revenue
$521,181
Total assets, end of year
$36,884,937
Total liabilities, end of year
$16,363,608
Net assets or fund balances, end of year
$20,521,329
Program services expenses (Part IX)
$4,560,273
Management and general expenses
$454,361
Fundraising expenses
$284,241
Program service expenses (Part III)
$4,560,273

Program services were 86.1% 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.

  • 1e · Government grants (contributions)

    $339,978

  • 1f · All other contributions, gifts and grants

    $1,231,325

  • 2a · Program service revenue: GROSS POTENTIAL TENANT

    total $974,479 · related or exempt $974,479

  • 2b · Program service revenue: PARTNERSHIP INCOME

    total $552,865 · related or exempt $552,865

  • 2c · Program service revenue: MANAGEMENT FEES

    total $381,383 · related or exempt $381,383

  • 2d · Program service revenue: RELATED PARTY INTEREST

    total $268,514 · related or exempt $268,514

  • 2e · Program service revenue: TENANT SERVICES FEES

    total $126,542 · related or exempt $126,542

  • 3 · Investment income

    total $11,427 · excluded $11,427

  • 11a · Other revenue: EXPENSE REFUNDS

    total $129,921 · related or exempt $129,921

  • 11b · Other revenue: COMMUNICATION LEASE

    total $53,986 · excluded $53,986

  • 11d · All other revenue

    total $337,274 · related or exempt $337,274

  • 11e · Other revenue, total

    $521,181

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $362,620 · program services $300,262 · management and general $31,699 · fundraising $30,659

  • 7 · Other salaries and wages

    total $1,531,133 · program services $1,269,094 · management and general $133,613 · fundraising $128,426

  • 8 · Pension plan contributions

    total $16,102 · program services $13,138 · management and general $1,444 · fundraising $1,520

  • 9 · Other employee benefits

    total $151,049 · program services $123,244 · management and general $13,541 · fundraising $14,264

  • 10 · Payroll taxes

    total $144,889 · program services $123,677 · management and general $7,912 · fundraising $13,300

  • 11b · Fees: legal

    total $33,127 · program services $28,879 · management and general $4,248

  • 11c · Fees: accounting

    total $97,765 · program services $83,001 · management and general $12,940 · fundraising $1,824

  • 11g · Fees: other

    total $285,150 · program services $194,782 · management and general $69,034 · fundraising $21,334

  • 12 · Advertising and promotion

    total $4,117 · management and general $4,117

  • 13 · Office expenses

    total $173,652 · program services $127,994 · management and general $30,221 · fundraising $15,437

  • 14 · Information technology

    total $52,573 · program services $13,462 · management and general $37,653 · fundraising $1,458

  • 16 · Occupancy

    total $778,409 · program services $700,250 · management and general $78,159

  • 17 · Travel

    total $23,914 · program services $15,068 · management and general $8,356 · fundraising $490

  • 19 · Conferences, conventions and meetings

    total $17,641 · program services $15,492 · management and general $2,149

  • 22 · Depreciation, depletion and amortization

    total $313,148 · program services $313,148

  • 24a · Other expenses: PROGRAM EXPENSES

    total $747,218 · program services $747,218 · management and general $0 · fundraising $0

  • 24b · Other expenses: PERMITS AND LICENSES

    total $38,923 · program services $37,162 · management and general $1,761 · fundraising $0

  • 24e · All other expenses

    total $527,445 · program services $454,402 · management and general $17,514 · fundraising $55,529

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,698,754 · end of year $5,116,457

  • 2 · Savings and temporary cash investments

    beginning of year $248,497

  • 3 · Pledges and grants receivable

    beginning of year $798,206 · end of year $595,878

  • 4 · Accounts receivable

    beginning of year $1,407,653 · end of year $1,831,461

  • 7 · Other notes and loans receivable

    beginning of year $13,213,023 · end of year $10,534,723

  • 9 · Prepaid expenses and deferred charges

    beginning of year $305,172 · end of year $260,435

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

    $18,829,483

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

    $2,959,508

  • 10c · Land, buildings and equipment, net

    beginning of year $15,741,777 · end of year $15,869,975

  • 13 · Investments: program-related

    beginning of year -$1,499,598 · end of year -$57,217

  • 15 · Other assets

    beginning of year $4,484,453 · end of year $2,733,225

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,160,687 · end of year $434,906

  • 19 · Deferred revenue

    beginning of year $10,000 · end of year $135,528

  • 21 · Escrow or custodial account liability

    beginning of year $80,253

  • 23 · Secured mortgages and notes payable

    beginning of year $278,215 · end of year $15,358,010

  • 25 · Other liabilities

    beginning of year $8,456,272 · end of year $435,164

  • 27 · Net assets without donor restrictions

    beginning of year $15,381,702 · end of year $14,425,659

  • 28 · Net assets with donor restrictions

    beginning of year $6,030,808 · end of year $6,095,670

Mission and programs · 2023

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 $1,213,356 · Revenue $23,419

  • 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 $3,346,917 · Revenue $2,747,559

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

Listed in Part VII

  • Aaron Elster

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Araceli Sandoval

    BOARD MEMBER (OUTGOING)

    Total calculated
    $0
    Hours/week
    1

  • Arnoldo Ulloa

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Daniel Rodriguez

    BOARD MEMBER (OUTGOING)

    Total calculated
    $0
    Hours/week
    1

  • Danielle Guillen

    BOARD MEMBER (APPOINTED FEB-23)

    Total calculated
    $0
    Hours/week
    1

  • Jose Orozco Pelico

    BOARD MEMBER (APPOINTED JULY-23)

    Total calculated
    $0
    Hours/week
    1

  • Manuel Bernal

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Mercedes Martin

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Orson Aguilar

    VICE CHAIR (APPOINTED MARCH-23)

    Total calculated
    $0
    Hours/week
    1

  • Rigoberto Lopez

    BOARD MEMBER (APPOINTED MARCH-23)

    Total calculated
    $0
    Hours/week
    1

  • Roberto Viramontes

    BOARD MEMBER (OUTGOING)

    Total calculated
    $0
    Hours/week
    1

  • Rolando Cruz

    BOARD MEMBER (OUTGOING)

    Total calculated
    $0
    Hours/week
    1

  • Sarah Yun

    BOARD MEMBER (OUTGOING)

    Total calculated
    $0
    Hours/week
    1

  • Victor Lopez

    BOARD MEMBER (APPOINTED MARCH-23)

    Total calculated
    $0
    Hours/week
    1

  • Yamileth Villanueva

    BOARD MEMBER (APPOINTED MARCH-23)

    Total calculated
    $0
    Hours/week
    1

  • Yvonne Mondragon

    BOARD MEMBER (APPOINTED MARCH-23)

    Total calculated
    $0
    Hours/week
    1

  • Adalia Rodriguez

    VP OF HUMAN CAPITAL & COO

    Total calculated
    $157,871
    From this org
    $151,361
    From related orgs
    $0
    Other
    $6,510
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,817
    Bonus
    $1,271
    Other
    $273
    Deferred
    $4,541
    Nontaxable benefits
    $1,969
    Filer's total
    $157,871

  • Monica Mejia

    PRESIDENT & CEO

    Total calculated
    $204,749
    From this org
    $188,095
    From related orgs
    $0
    Other
    $16,654
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,784
    Bonus
    $1,311
    Other
    $0
    Deferred
    $5,599
    Nontaxable benefits
    $11,055
    Filer's total
    $204,749

  • Ilan Slovin

    ASSOCIATE VICE PRESIDENT

    Total calculated
    $135,809
    From this org
    $123,868
    From related orgs
    $0
    Other
    $11,941
    Hours/week
    40

  • Manny Barrios

    CONTROLLER

    Total calculated
    $112,074
    From this org
    $100,159
    From related orgs
    $0
    Other
    $11,915
    Hours/week
    40

  • Matilde Soto Lopez

    DIRECTOR OF ASSET & PROPERTY MANAGEMENT

    Total calculated
    $129,623
    From this org
    $117,950
    From related orgs
    $0
    Other
    $11,673
    Hours/week
    40

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
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
BONUS PAYMENTS WERE PAID BASED ON A BONUS POOL, FORMULA, AND SEVERAL METRIC FACTORS. THESE WERE PAID OUT AT THE DISCRETION OF THE BOARD.

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.

  • 443 SOTO LLC

    AFFORDABLE HOUSING · CA · income $0 · assets $0

    Directly controlled by EAST LA COMMUNITY CORPORATION

  • BESWICK SENIOR APARTMENTS LLC

    AFFORDABLE HOUSING · CA · income $0 · assets $0

    Directly controlled by EAST LA COMMUNITY CORPORATION

  • BOYLE HOTEL LLC

    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

  • CIELITO LINDO APARTMENTS LLC

    AFFORDABLE HOUSING · CA · income $0 · assets $0

    Directly controlled by EAST LA COMMUNITY CORPORATION

  • DULCE DIVINO LLC

    AFFORDABLE HOUSING · CA · income $0 · assets $0

    Directly controlled by EAST LA COMMUNITY CORPORATION

  • ELACC COMMERCIAL LLC

    AFFORDABLE HOUSING · CA · income $0 · assets $0

    Directly controlled by EAST LA COMMUNITY CORPORATION

  • ELACC CONSTRUCTION LLC

    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

  • VALLEJO APARTMENTS LLC

    AFFORDABLE HOUSING · CA · income $0 · assets $0

    Directly controlled by EAST LA COMMUNITY CORPORATION

  • WHITTIER PSH PHASE II LLC

    AFFORDABLE HOUSING · CA · income $0 · assets $0

    Directly controlled by EAST LA COMMUNITY CORPORATION

  • SOTO STATION II LLC

    AFFORDABLE HOUSING · CA · income $0 · assets $0

    Directly controlled by EAST LA COMMUNITY CORPORATION

  • LAS MARIPOSAS APARTMENTS LLC

    AFFORDABLE HOUSING · CA · income $0 · assets $0

    Directly controlled by EAST LA COMMUNITY CORPORATION

  • PASEO DEL SOL LLC

    AFFORDABLE HOUSING · CA · income $0 · assets $0

    Directly controlled by EAST LA COMMUNITY CORPORATION

  • PERCY INDIANA APARTMENTS LLC

    AFFORDABLE HOUSING · CA · income $0 · assets $0

    Directly controlled by EAST LA COMMUNITY CORPORATION

  • PLAYGROUND APARTMENTS LLC

    AFFORDABLE HOUSING · CA · income $0 · assets $0

    Directly controlled by EAST LA COMMUNITY CORPORATION

  • 811 BLADES LLC

    AFFORDABLE HOUSING · CA · income $0 · assets $0

    Directly controlled by EAST LA COMMUNITY CORPORATION

  • EASTLAKE APARTMENTS LLC

    AFFORDABLE HOUSING · CA · income $0 · assets $0

    Directly controlled by EAST LA COMMUNITY CORPORATION

  • CASA DEL MEXICANO LLC

    COMMERCIAL RE: COMMUNITY FACILITY · CA · income $0 · assets $144,425

    Directly controlled by EAST LA COMMUNITY CORPORATION

  • BOYLE HOUSE LLC

    COMMERCIAL RE: OFFICE · CA · assets $168,276

    Directly controlled by EAST LA COMMUNITY CORPORATION

  • HUNTINGTON MARKET LLC

    COMMERCIAL RE: RETAIL · CA · assets $7,190

    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.

  • AMCAL HOLLENBECK FUND LP

    RELATED · AFFORDABLE HOUSING · CA · 0.01% owned · general or managing partner

    Directly controlled by ELACC

  • AMCAL LINDA VISTA FUND LP

    RELATED · AFFORDABLE HOUSING · CA · 0.01% owned · general or managing partner

    Directly controlled by ELACC

  • BESWICK SENIOR APARTMENTS LP

    RELATED · AFFORDABLE HOUSING · CA · 0.01% owned · general or managing partner

    Directly controlled by BESWICK SENIOR APARTMENTS LLC

  • BOYLE HOTEL LP

    RELATED · AFFORDABLE HOUSING · CA · 0.01% owned · share of income -$88 · share of assets $61,593 · general or managing partner

    Directly controlled by ELACC

  • CAMINO DE LAS FLORES LP

    RELATED · AFFORDABLE HOUSING · CA · 0.01% owned · general or managing partner

    Directly controlled by ELACC

  • CAMINO DE LOS ARBOLITOS LP

    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 · general or managing partner

    Directly controlled by CIELITO LINDO APARTMENTS PHASE II LLC

  • CIELITO LINDO APARTMENTS LP

    RELATED · AFFORDABLE HOUSING · CA · 0.01% owned · share of assets -$113 · general or managing partner

    Directly controlled by ELACC

  • COMMUNITY OWNED REAL ESTATE LLC

    RELATED · AFFORDABLE HOUSING · CA · 55% owned · share of income $2,746 · share of assets -$124,312 · general or managing partner

    Directly controlled by ELACC

  • LAS MARGARITAS LP

    RELATED · AFFORDABLE HOUSING · CA · 0.01% owned · share of income -$46 · share of assets $1,548,022 · general or managing partner

    Directly controlled by ELACC

  • LORENA TERRACE LP

    RELATED · AFFORDABLE HOUSING · CA · 30% owned · general or managing partner

    Directly controlled by ELACC

  • LOS CUATRO VIENTOS LP

    RELATED · AFFORDABLE HOUSING · CA · 0.01% owned · share of income -$565,966 · share of assets $672,842 · general or managing partner

    Directly controlled by ELACC

  • SOL Y LUNA LP

    RELATED · AFFORDABLE HOUSING · CA · 0.01% owned · share of assets -$205 · general or managing partner

    Directly controlled by ELACC

  • SUN VALLEY SENIOR VETERANS LP

    RELATED · AFFORDABLE HOUSING · CA · 0.01% owned · share of income -$49 · share of assets $504,860 · general or managing partner

    Directly controlled by ELACC

  • VISTA DUNES GP LLC

    RELATED · AFFORDABLE HOUSING · CA · 25% owned · general or managing partner

    Directly controlled by ELACC

  • WHITTIER PSH LP

    RELATED · AFFORDABLE HOUSING · CA · 0.01% owned · share of income -$32 · share of assets -$301 · general or managing partner

    Directly controlled by ELACC

  • VISTA DUNES HOUSING PARTNERS LP

    RELATED · AFFORDABLE HOUSING · CA · 0.25% owned · general or managing partner

    Directly controlled by VISTA DUNES GP LLC

  • WOODS FAMILY HOUSING PARTNERS LP

    RELATED · AFFORDABLE HOUSING · CA · 0.21% owned · general or managing partner

    Directly controlled by WOODS FAMILY HSG PTRS GP LLC

  • WOODS FAMILY HSG PTRS GP LLC

    RELATED · AFFORDABLE HOUSING · CA · 21% owned · general or managing partner

    Directly controlled by ELACC

  • ROSA DE CASTILLA

    AFFORDABLE HOUSING · CA

  • 1ST & ROWAN APARTMENTS

    AFFORDABLE HOUSING · CA

  • WHITTIER PSH PHASE II LP

    RELATED · AFFORDABLE HOUSING · CA · 0.01% owned · share of income -$326,488 · share of assets -$326,469 · general or managing partner

    Directly controlled by EAST LA COMMUNITY CORPORATION

  • LOS LIRIOS APARTMENTS LP

    RELATED · AFFORDABLE HOUSING · CA · 0.01% owned · share of assets $50 · general or managing partner

    Directly controlled by EAST LA COMMUNITY CORPORATION

  • CORE LEVERAGE LENDER LLC

    RELATED · AFFORDABLE HOUSING · CA · 50% owned · share of income -$4,712 · share of assets $151,900 · general or managing partner

    Directly controlled by EAST LA COMMUNITY CORPORATION

  • 443 SOTO LP

    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.

  • 1ST & ROWAN LLC

    C · MANAGEMENT · CA · 100% owned · controlled entity

    Directly controlled by EAST LA COMMUNITY CORPORATION

  • ROSA DE CASTILLA LLC

    C · RENTAL REAL ESTATE · CA · 100% owned · controlled entity

    Directly controlled by EAST LA COMMUNITY CORPORATION

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202433209349322678

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