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← VENICE COMMUNITY HOUSING CORPORATION

Form 990 for tax year 2024

Filed by VENICE COMMUNITY HOUSING CORPORATION.

Totals

Total revenue
$39,938,777
Total expenses
$16,815,522
Contributions and grants received
$37,669,733
Grants paid
$0
Program service revenue
$2,126,783
Investment income
$98,004
Other revenue
$44,257
Total assets, end of year
$133,637,924
Total liabilities, end of year
$97,044,563
Net assets or fund balances, end of year
$36,593,361
Program services expenses (Part IX)
$15,362,831
Management and general expenses
$913,804
Fundraising expenses
$538,887
Program service expenses (Part III)
$15,362,831

Program services were 91.4% 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)

    $31,710,261

  • 1f · All other contributions, gifts and grants

    $5,959,472

  • 1g · Noncash contributions included above

    $2,519,617

  • 2a · Program service revenue: RENTAL INCOME

    total $2,126,783 · related or exempt $2,126,783

  • 3 · Investment income

    total $98,004 · excluded $98,004

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $44,257 · related or exempt $44,257

  • 11e · Other revenue, total

    $44,257

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $454,983 · program services $454,983

  • 7 · Other salaries and wages

    total $3,692,369 · program services $2,631,682 · management and general $809,179 · fundraising $251,508

  • 9 · Other employee benefits

    total $625,267 · program services $625,267

  • 10 · Payroll taxes

    total $330,078 · program services $330,078

  • 11b · Fees: legal

    total $2,900,132 · program services $2,827,063 · management and general $31,572 · fundraising $41,497

  • 11c · Fees: accounting

    total $287,839 · program services $287,839

  • 12 · Advertising and promotion

    total $36,125 · program services $35,977 · management and general $33 · fundraising $115

  • 13 · Office expenses

    total $554,786 · program services $499,307 · management and general $17,621 · fundraising $37,858

  • 16 · Occupancy

    total $597,888 · program services $594,685 · management and general $1,300 · fundraising $1,903

  • 17 · Travel

    total $46,147 · program services $39,238 · management and general $2,286 · fundraising $4,623

  • 20 · Interest

    total $1,860,178 · program services $1,860,178

  • 22 · Depreciation, depletion and amortization

    total $2,794,042 · program services $2,794,042

  • 23 · Insurance

    total $830,680 · program services $813,284 · management and general $8,021 · fundraising $9,375

  • 24a · Other expenses: REPAIR & MAINTENANCE

    total $750,919 · program services $750,919

  • 24b · Other expenses: UTILITIES

    total $455,859 · program services $455,103 · management and general $143 · fundraising $613

  • 24c · Other expenses: PROGRAM EXPENSES

    total $319,633 · program services $278,193 · management and general $41,426 · fundraising $14

  • 24d · Other expenses: OTHER FUNDRAISING EXPEN

    total $190,045 · fundraising $190,045

  • 24e · All other expenses

    total $88,552 · program services $84,993 · management and general $2,223 · fundraising $1,336

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,520,454 · end of year $6,442,760

  • 2 · Savings and temporary cash investments

    beginning of year $3,836,782 · end of year $4,642,776

  • 4 · Accounts receivable

    beginning of year $587,867 · end of year $982,559

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

    $120,722,969

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

    $15,733,159

  • 10c · Land, buildings and equipment, net

    beginning of year $66,221,579 · end of year $104,989,810

  • 14 · Intangible assets

    beginning of year $60,284 · end of year $64,660

  • 15 · Other assets

    beginning of year $47,343,169 · end of year $16,515,359

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,314,120 · end of year $2,138,124

  • 18 · Grants payable

    end of year $300,000

  • 19 · Deferred revenue

    beginning of year $82,645 · end of year $140,637

  • 23 · Secured mortgages and notes payable

    beginning of year $77,400,466 · end of year $87,566,698

  • 25 · Other liabilities

    beginning of year $28,383,455 · end of year $6,899,104

  • 27 · Net assets without donor restrictions

    beginning of year $12,056,949 · end of year $34,170,861

  • 28 · Net assets with donor restrictions

    beginning of year $2,332,500 · end of year $2,422,500

Mission and programs · 2024

Mission

VENICE COMMUNITY HOUSING SUPPORTS AND BUILDS EQUITABLE AND INCLUSIVE COMMUNITIES BY PROVIDING AFFORDABLE HOUSING WITH SUPPORTIVE SERVICES, EDUCATION, EMPLOYMENT PROGRAMS, AND PUBLIC POLICY ADVOCACY THAT ADVANCES RACIAL AND ECONOMIC JUSTICE.

Activities or mission (Part I)

LOW-INCOME HOUSING DEVELOPMENT AND MANAGEMENT. SOCIAL SERVICES, JOB TRAINING AND EDUCATION FOR AT RISK YOUTH AND LOW INCOME CONSTITUENTS.

  • AFFORDABLE HOUSING:VCHC CURRENTLY OWNS 346 UNITS OF AFFORDABLE AND SUPPORTIVE HOUSING IN 19 PROPERTIES, OF WHICH 66 UNITS ARE HELD DIRECTLY BY VCHC, AND OPERATES AN ADDITIONAL 28 UNITS OF SHORT-TERM HOUSING FOR FAMILIES AND TRANSITION AGED YOUTH EXPERIENCING HOMELESSNESS. VCHC PROVIDES THE PROPERTY MANAGEMENT AND MAINTENANCE SERVICES FOR ALL PROPERTIES, AND WORKS TO PRESERVE AND EXPAND HOUSING OPPORTUNITIES THROUGH NEW CONSTRUCTION AND REHABILITATION OPPORTUNITIES.

    Expenses $10,343,226 · Revenue $2,171,040

  • RESIDENT SERVICES:VCHC PROVIDES TRAUMA-INFORMED RESOURCES AND SUPPORTS THAT TENANTS AND PROGRAM PARTICIPANTS NEED TO SECURE AND MAINTAIN HOUSING, IMPROVE HEALTH, ENHANCE EDUCATION, AND THRIVE IN THEIR COMMUNITIES. SERVICES AND RESOURCES INCLUDE ONE-ON-ONE CASE MANAGEMENT AND COUNSELING, HEALTH AND MENTAL HEALTH SUPPORTS, FOOD AND TRANSPORTATIONASSISTANCE, AND MANY MORE.

    Expenses $3,865,124

  • YOUTH DEVELOPMENT PROGRAMS:VCHC PROVIDES COMPREHENSIVE EDUCATIONAL, JOB TRAINING AND LEADERSHIP DEVELOPMENT OPPORTUNITIES FOR YOUTH AGES 18 - 24, INCLUDING AN ON-SITE HIGH SCHOOL. VCHC'S STUDY LOUNGE PROGRAM PROVIDES ACADEMIC-FOCUSED AFTER SCHOOL ACTIVITIES INCLUDING TUTORING, MENTORING, AND RECREATION FOR CHILDREN AGES 6-12.

    Expenses $1,154,481

As filed on the 2024 return.

Listed in Part VII

  • Michelle Groisman

    CO-CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.5

  • Steve Diaz

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Mike Lindley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.27

  • Michel Dory

    CO-CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.27

  • Motique Alston

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.27

  • Anna Bautista

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.27

  • Lanee Burns

    TREASURER

    Total calculated
    $0
    Hours/week
    0.27

  • Mike Dennis

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.27

  • Shyann Murphy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.27

  • Jomo Radcliff

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.27

  • Yasmin Tong

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.27

  • Allison Riley

    CO-EXECUTIVE DIRECTOR

    Total calculated
    $159,220
    From this org
    $155,401
    From related orgs
    $0
    Other
    $3,819
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,401
    Bonus
    $0
    Other
    $0
    Deferred
    $3,819
    Nontaxable benefits
    $0
    Filer's total
    $159,220

  • Becky Dennison

    FORMER CO-EXECUTIVE DIRECTOR

    Total calculated
    $149,553
    From this org
    $132,033
    From related orgs
    $0
    Other
    $17,520
    Hours/week
    40

  • Erika Lee

    CO-EXECUTIVE DIRECTOR

    Total calculated
    $146,210
    From this org
    $139,710
    From related orgs
    $0
    Other
    $6,500
    Hours/week
    40

  • Yannis Oliver

    DIRECTOR OF FINANCE

    Total calculated
    $129,579
    From this org
    $124,379
    From related orgs
    $0
    Other
    $5,200
    Hours/week
    40

  • Faisal Hussain

    OPERATIONS DIRECTOR

    Total calculated
    $123,423
    From this org
    $116,269
    From related orgs
    $0
    Other
    $7,154
    Hours/week
    40

  • Brett Morales

    SR. DIRECTOR OF PROPERTY MANAGEMENT

    Total calculated
    $145,292
    From this org
    $141,311
    From related orgs
    $0
    Other
    $3,981
    Hours/week
    40

  • Antonio Tate

    DIRECTOR OF RESIDENT SERVICES

    Total calculated
    $119,358
    From this org
    $118,166
    From related orgs
    $0
    Other
    $1,192
    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 · Written employment contract

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.

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.

  • HORIZON APARTMENTS LLC

    LOW INCOME HOUSING · CA · income $334,055 · assets $4,662,857

    Directly controlled by VENICE COMMUNITY HOUSING CORPORATION

  • VCHC PACIFIC APARTMENTS LLC

    LOW INCOME HOUSING · CA · income $519,360 · assets $927,685

    Directly controlled by VENICE COMMUNITY HOUSING CORPORATION

  • VCHC GATEWAY LLC

    LOW INCOME HOUSING · CA

    Directly controlled by VENICE COMMUNITY HOUSING CORPORATION

  • 720 ROSE LLC

    LOW INCOME HOUSING · CA

    Directly controlled by VENICE COMMUNITY HOUSING CORPORATION

  • 2471 LINCOLN LLC

    LOW INCOME HOUSING · CA

    Directly controlled by VENICE COMMUNITY HOUSING CORPORATION

  • LCLT CAPACITY BUILDING LLC

    LOW INCOME HOUSING · CA · income $1,514,240 · assets $1,565,725

    Directly controlled by VENICE COMMUNITY HOUSING CORPORATION

  • 845 VENICE LLC

    LOW INCOME HOUSING · CA · income $199,049 · assets $7,224,469

    Directly controlled by VENICE COMMUNITY HOUSING CORPORATION

  • LIBERTY 4345 CRENSHAW MGP LLC

    LOW INCOME HOUSING · CA

    Directly controlled by VENICE COMMUNITY HOUSING CORPORATION

  • 11834 AVIATION LLC

    LOW INCOME HOUSING · CA · income $25,229,332 · assets $23,863,114

    Directly controlled by VENICE COMMUNITY HOUSING CORPORATION

Related partnerships

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

  • NAVY BLUE APARTMENTS LP

    LOW INCOME HOUSING · CA · 30% owned · share of income -$8,512 · share of assets $312,733 · general or managing partner

    Directly controlled by VENICE HOUSING HOUSING CORPORATION

  • FOURTH AVENUE LP

    LOW INCOME HOUSING · CA · 1% owned · share of income $22 · share of assets $103,014 · general or managing partner

    Directly controlled by VENICE COMMUNITY HOUSING CORPORATION

  • 12525 WASHINGTON PLACE LP

    LOW INCOME HOUSING · CA · 1% owned · share of income -$578 · share of assets $79,635 · general or managing partner

    Directly controlled by VENICE COMMUNITY HOUSING CORPORATION

  • VCHC GATEWAY LP

    LOW INCOME HOUSING · CA · 0.01% owned · share of income -$42 · share of assets $66,273 · general or managing partner

    Directly controlled by VCHC GATEWAY LLC

  • 720 ROSE LP

    LOW INCOME HOUSING · CA · 0.01% owned · share of income -$246,567 · general or managing partner

    Directly controlled by 720 ROSE LLC

  • 1634 20TH STREET MGP LLC

    LOW INCOME HOUSING · CA · 75% owned · share of income -$37,321 · share of assets $8,811,257 · general or managing partner

    Directly controlled by VENICE COMMUNITY HOUSING CORPORATION

  • VENICE DELL GP LLC

    LOW INCOME HOUSING · CA · 51% owned · share of assets $2,070,900 · general or managing partner

    Directly controlled by VENICE COMMUNITY HOUSING CORPORATION

  • CREATING THRIVING COMMUNITIES LLC

    LOW INCOME HOUSING · CA · 50% owned · share of assets $4,502,953 · general or managing partner

    Directly controlled by VENICE COMMUNITY HOUSING CORPORATION

  • VENICE DELL LP

    LOW INCOME HOUSING · CA · 99.99% owned · share of assets $4,060,589 · general or managing partner

    Directly controlled by VENICE DELL GP LLC

  • VDC PUBLIC PARKING LLC

    LOW INCOME HOUSING · CA · 51% owned · general or managing partner

    Directly controlled by VENICE COMMUNITY HOUSING CORPORATION

  • 2471 LINCOLN LP

    LOW INCOME HOUSING · CA · 0.01% owned · share of income -$176 · share of assets $29,547,108 · general or managing partner

    Directly controlled by 2471 LINCOLN LLC

  • SANKOFA PLACE LP

    LOW INCOME HOUSING · CA · 99.99% owned

    Directly controlled by VENICE COMMUNITY HOUSING CORPORATION

  • LIBERTY 4345 CRENSHAW LP

    LOW INCOME HOUSING · CA · 99.99% owned

    Directly controlled by VENICE COMMUNITY HOUSING CORPORATION

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • WESTSIDE HOUSING CORPORATION

    C · LOW INCOME HOUSING · CA · 100% owned · share of income -$85,635 · share of assets $5,370,567

    Directly controlled by VENICE COMMUNITY HOUSING CORPORATION

Provenance

Return type
form_990
Tax year
2024
Filed
5 November 2025
IRS schema version
2024v5.2
Source object
202533149349303598

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