BEVERLY-VERMONT COMMUNITY LAND TRUST

EIN: 261117569 501(c)(3) Housing & Shelter

LOS ANGELES, CA

Total Revenue
$786,565
Total Expenses
$588,616
Total Assets
$5,587,747
Net Assets
$4,880,823
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
CA
Principal Officer
ARA KIM
Phone
2135377295
Tax Period
2023-01-01 to 2023-12-31

BEVERLY-VERMONT COMMUNITY LAND TRUST, founded in 2008, is a small nonprofit in the Housing & Shelter sector that reported $787K in total revenue in fiscal year 2023. The organization ran a surplus of $198K, a strong 25% operating margin.

Mission

BVCLT HAS BEEN INVOLVED IN MANY INTERNAL AND EXTERNAL PROGRAM DEVELOPMENT IN 2023. INTERNALLY, BVCLT STAFF HAS LED A WEBSITE REDESIGN, CREATED A STRATEGIC PLAN, HIRED A THIRD STAFF MEMBER MID-YEAR, AND BEGAN REHABILITATION OF THREE OF OUR PROPERTIES. EXTERNALLY, BVCLT HAS HOSTED FOUR FELLOWS PROGRAMS FOR THE SECOND YEAR IN A ROW. BVCLT STAFF LED MULTIPLE GRADUATE STUDENT RESEARCH PROJECTS REGARDING AFFORDABLE HOUSING AND ANTI-GENTRIFICATION IN KOREATOWN, LOS ANGELES. BVCLT ENGAGED IN MULTIPLE COALITIONS IN ORDER TO ADVOCATE FOR PERMANENTLY AFFORDABLE HOUSING, COLLECTIVE OWNERSHIP MODELS, FUNDING SOURCES TO SUPPORT TENANTS ORGANIZED IN STRUGGLE TO MAINTAIN IN THEIR HOMES, AND AN ECOLOGICALLY JUST NEIGHBORHOODS PRESERVING WORKING CLASS COMMUNITIES OF COLOR IN THEIR HOMES IN THE FACE OF GENTRIFICATION TO KOREATOWN AND THE SURROUNDING NEIGHBORHOODS.

Program Service Accomplishments

Program 1
Expenses: $485,088 Revenue: $262,375

BEVERLY-VERMONT COMMUNITY LAND TRUST (BVCLT) HAS COMPLETED MULTIPLE PROGRAM ACCOMPLISHMENTS. IN TERMS OF PUBLIC ADVOCACY, BVCLT WORKED IN TANDEM WITH 200+ COMMUNITY ORGANIZATIONS TO GET THE UNITED TO...

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BEVERLY-VERMONT COMMUNITY LAND TRUST (BVCLT) HAS COMPLETED MULTIPLE PROGRAM ACCOMPLISHMENTS. IN TERMS OF PUBLIC ADVOCACY, BVCLT WORKED IN TANDEM WITH 200+ COMMUNITY ORGANIZATIONS TO GET THE UNITED TO HOUSE LA (ULA) PASSED ON THE BALLOT. BVCLT WILL CONTINUE WORKING IN COALITION SPACES TO ENSURE THAT ULA IS IMPLEMENTED CORRECTLY. IN TERMS OF PROGRAMS, BVCLT PARTNERED WITH CALIFORNIA CENTER FOR COOPERATIVE DEVELOPMENT (CCCD) TO SUPPORT ONE OF THEIR BUILDINGS TRANSITIONING FROM RENTAL TO A COOPERATIVELY OWNED AND GOVERNED BUILDING ON CLT LAND. ADDITIONALLY, BVCLT LAUNCHED THEIR FIRST COMMUNITY OWNERSHIP FELLOWSHIP PROGRAM. BVCLT BROUGHT ON FOUR COMMUNITY MEMBERS FROM THE NEIGHBORHOODS BVCLT SERVES AND ENGAGED THEM FOR FIVE (5) MONTHS ON COOPERATIVE DEVELOPMENT, RESEARCH, AND PUBLIC ADVOCACY FOR PUBLIC FUNDING TO ADVANCE TENANT OWNERSHIP OF THEIR BUILDINGS IN LOS ANGELES. LASTLY, IN TERMS OF RESEARCH, BVCLT DIRECTED AND SUPERVISED A YEAR-LONG CAPSTONE PROJECT FROM A UCLA MASTER'S OF URBAN PLANNING STUDENT. THE COMPLETED REPORT ANALYZES PUBLIC DATA TO UNDERSTAND WHAT THE STATE OF KOREATOWN IS: WHO LIVES THERE, WHAT HAS THE RATE OF DISPLACEMENT AND INCREASED RENT BEEN OVER THE YEARS, WHAT TYPES OF BUILDINGS HAVE THE MOST AFFORDABLE RENTS, AND FINANCIAL ANALYSIS ON THE TOTAL DEVELOPMENT COST TO ACQUIRE AND REHABILITATE THE BUILDING FOR COMMUNAL OWNERSHIP. WE WILL BE WORKING WITH A GRAPHIC DESIGNER TO MAKE THE CONTENT OF THIS REPORT ACCESSIBLE FOR THE COMMUNITY AND LAUNCH THE REPORT IN 2023.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $524,097
Program Service Revenue $51,685
Investment Income $93
Other Revenue $210,690
TOTAL REVENUE $786,565

Expense Breakdown

Grants Paid $0
Salaries & Benefits $230,213
Fundraising Expenses $39,136
Program Expenses $485,088
Other Expenses $358,403
TOTAL EXPENSES $588,616

Year-over-Year Comparison

2023 2022 Change
Revenue $786,565 $750,314 +0.0%
Expenses $588,616 $464,896 +0.3%
Net Income $197,949 $285,418 -0.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
8
Employees
3
Volunteers
8

Governance Policies

✓ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$180,746
Total Directors
10
$180,746
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LINDA REYES PRESIDENT 2.00
Officer Director
$0 $0 $0
STEVEN SIMON VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
AUDREY YOUNSOOK JANG TREASURER 2.00
Officer Director
$0 $0 $0
YUKI KIDOKORO DIRECTOR 2.00
Director
$0 $0 $0
IXCHEL HERNANDEZ DIRECTOR 2.00
Director
$0 $0 $0
MICHELLE WONG DIRECTOR 2.00
Director
$0 $0 $0
XITLALLI VELASQUEZ DIRECTOR 2.00
Director
$0 $0 $0
CHRIS CUELLAR DIRECTOR 2.00
Director
$0 $0 $0
FAIZAH BARLAS DIRECTOR OF FINANCE & OPER 40.00
Officer Director
$84,373 $6,000 $90,373
KASEY VENTURA COMMUNITY ORGANIZER 40.00
Officer Director
$84,373 $6,000 $90,373
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $786,565 $588,616 $5,587,747 $197,949
2022 $750,314 $464,896 $5,190,811 $285,418
2021 $3,863,769 $520,588 $5,123,613 $3,343,181
2020 $84,722 $72,002 $1,558,725 $12,720
2019 $83,204 $77,618 $1,257,924 $5,586
2018 $70,388 $76,004 $1,252,214 $-5,616
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