LAFH PHASE I QALICB INC

EIN: 474960359 501(c)(3) Housing & Shelter

NORTH HOLLYWOOD, CA

Total Revenue
N/A
Total Expenses
$200,542
Total Assets
$6,549,635
Net Assets
$6,546,075
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
CA
Principal Officer
STEPHANIE KLASKY-GAMER
Phone
8189824091
Tax Period
2023-01-01 to 2023-12-31

Mission

THE MISSION OF THE ORGANIZATION IS TO OWN THE SOUTH CAMPUS OF L.A. FAMILY HOUSING, A REAL ESTATE PROPERTY LEASED TO L.A. FAMILY HOUSING FOR THE PURPOSE OF OPERATING TWO ESSENTIAL PROGRAMS: BRIDGE HOUSING (BH) AND THE FAMILY SOLUTIONS CENTER (FSC). DURING 2015, L.A. FAMILY HOUSING BEGAN PHASE I OF ITS CAMPUS DEVELOPMENT WITH THE REHABILITATION OF THE SOUTH CAMPUS AT 7817 LANKERSHIM BLVD. IN NORTH HOLLYWOOD, CALIFORNIA. THIS PROPERTY (FORMERLY KNOWN AS THE SYDNEY M. IRMAS TRANSITIONAL LIVING CENTER TLC, WHICH WAS USED AS A FAMILY SHELTER) WAS CONVERTED TO THREE PRIMARY USES: BRIDGE HOUSING FOR UP TO 250 SINGLE ADULTS, BRIDGE/CRISIS HOUSING FOR 12 HOMELESS FAMILIES, AND THE FAMILY SOLUTION CENTER SERVING AS THE REGION CES SERVICE HOME FOR INTAKE AND ASSESSMENT, HOUSING PLACEMENT, AND HOUSING STABILITY SERVICES FOR HOMELESS FAMILIES THROUGHOUT THE REGION. CONSTRUCTION AND REHABILITATION OF THE SOUTH CAMPUS PROPERTY WAS COMPLETED IN 2017.

Program Service Accomplishments

Program 1
Expenses: $196,932 Revenue: $0

DURING 2015, LA FAMILY HOUSING BEGAN PHASE I OF ITS CAMPUS DEVELOPMENT WITH THE REHABILITATION OF THE SOUTH CAMPUS AT 7817 LANKERSHIM BLVD. IN NORTH HOLLYWOOD, CALIFORNIA. THIS PROPERTY (FORMERLY...

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DURING 2015, LA FAMILY HOUSING BEGAN PHASE I OF ITS CAMPUS DEVELOPMENT WITH THE REHABILITATION OF THE SOUTH CAMPUS AT 7817 LANKERSHIM BLVD. IN NORTH HOLLYWOOD, CALIFORNIA. THIS PROPERTY (FORMERLY KNOWN AS THE SYDNEY M. IRMAS TRANSITIONAL LIVING CENTER TLC, WHICH WAS USED AS A FAMILY SHELTER) WAS CONVERTED TO THREE PRIMARY USES: BRIDGE HOUSING FOR UP TO 250 SINGLE ADULTS, BRIDGE/CRISIS HOUSING FOR 12 HOMELESS FAMILIES, AND THE FAMILY SOLUTION CENTER SERVING AS THE REGION CES SERVICE HOME FOR INTAKE AND ASSESSMENT, HOUSING PLACEMENT, AND HOUSING STABILITY SERVICES FOR HOMELESS FAMILIES THROUGHOUT THE REGION. CONSTRUCTION AND REHABILITATION OF THE SOUTH CAMPUS PROPERTY WAS COMPLETED IN 2017.

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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 $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $196,932
Other Expenses $200,542
TOTAL EXPENSES $200,542

Year-over-Year Comparison

2023 2022 Change
Revenue N/A $9,464,653 -1.0%
Expenses $200,542 $407,546 -0.5%
Net Income N/A $9,057,107 N/A
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
4
Employees
N/A
Volunteers
N/A

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
3
$559,709
Total Directors
5
$559,709
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEBBIE BURKART DIRECTOR 0.50
Director
$0 $0 $0
GREGG SHERKIN DIRECTOR 0.50
Director
$0 $0 $0
STEPHANIE KLASKY-GAMER CHAIR 0.50
Officer Director
$0 $0 $329,417
TOI CHISOM SECRETARY 0.50
Officer Director
$0 $0 $230,292
YASMIN TONG TREASURER 0.50
Officer Director
$0 $0 $0
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 No data $200,542 $6,549,635 No data
2022 $9,464,653 $407,546 $6,746,617 $9,057,107
2021 $400,320 $416,863 $8,764,712 $-16,543
2020 $405,462 $413,540 $8,753,645 $-8,078
2019 $489,648 $419,749 $8,740,804 $69,899
2018 $443,579 $433,981 $8,727,310 $9,598
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