LONG BEACH SENIOR CITIZEN HOUSING CORPORATION

EIN: 760822807 501(c)(3) Housing & Shelter

LOS ANGELES, CA

Total Revenue
$687,740
Total Expenses
$1,105,718
Total Assets
$11,159,555
Net Assets
$4,142,178
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
CA
Principal Officer
DOUGLAS COPE
Phone
3104756083
Tax Period
2024-04-01 to 2025-03-31

LONG BEACH SENIOR CITIZEN HOUSING CORPORATION, founded in 2006, is a small nonprofit in the Housing & Shelter sector that reported $688K in total revenue in fiscal year 2024. Expenses of $1.1M exceeded revenue, resulting in a 61% operating deficit.

Mission

LONG BEACH SENIOR CITIZEN HOUSING CORPORATION WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 66-UNIT RENTAL HOUSING PROJECT FOR THE ELDERLY LOCATED IN LONG BEACH, CALIFORNIA, KNOWN AS LONG BEACH SENIOR HOUSING. THE CORPORATION IS OPERATED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. THE CORPORATION HAS EXECUTED A REGULATORY AGREEMENT WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT, WHICH GOVERNS THE OPERATION OF THE PROJECT WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $365,879
Program Service Revenue $315,532
Investment Income $1,265
Other Revenue $5,064
TOTAL REVENUE $687,740

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $784,933
Other Expenses $1,105,718
TOTAL EXPENSES $1,105,718

Year-over-Year Comparison

2024 2023 Change
Revenue $687,740 $657,607 +0.0%
Expenses $1,105,718 $985,652 +0.1%
Net Income $-417,978 $-328,045 +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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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
7

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
4
$342,137
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEBORAH WEISER CHAIR 0.10
Officer Director
$0 $0 $0
DAVID GOLDMAN TREASURER 0.10
Officer Director
$0 $0 $0
ELISA PASTER SECRETARY 0.10
Officer Director
$0 $0 $0
RICHARD ROMANOFF BOARD MEMBER 0.10
Director
$0 $0 $0
DOREEN KLEE BOARD MEMBER 0.10
Director
$0 $0 $0
JON PYNOOS BOARD MEMBER 0.10
Director
$0 $0 $0
JODI COHN BOARD MEMBER 0.10
Director
$0 $0 $0
DOUGLAS COPE PRESIDENT 2.00
Officer
$0 $7,646 $342,137
ANGEL JARAMILLO CONTROLLER 2.00
Highest
$0 $18,982 $215,182
JUSTIN DEIMEL FACILITIES DIRECTOR 2.00
Highest
$0 $23,369 $189,155
DAWN BEEBE DIRECTOR OF OPERATIONS 2.00
Highest
$0 $23,488 $182,774
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
2025 $687,740 $1,105,718 $11,159,555 $-417,978
2024 $657,607 $985,652 $11,535,440 $-328,045
2023 $620,959 $1,009,638 $11,808,016 $-388,679
2022 $599,092 $970,795 $12,120,418 $-371,703
2021 $576,560 $938,374 $12,433,087 $-361,814
2020 $545,195 $901,933 $12,721,504 $-356,738
2019 $523,425 $877,635 $13,031,833 $-354,210
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