MLK HEALTH AND WELLNESS COMMUNITY DEVELOPMENT CORPORATION

EIN: 811255345 501(c)(3) Community Improvement

LOS ANGELES, CA

Total Revenue
$139,232
Total Expenses
$59,428
Total Assets
$757,052
Net Assets
$752,016
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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
LINDA GRIEGO
Phone
2133009796
Tax Period
2024-01-01 to 2024-12-31

MLK HEALTH AND WELLNESS COMMUNITY DEVELOPMENT CORPORATION, founded in 2015, is a small nonprofit in the Community Improvement sector that reported $139K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $80K, a strong 57% operating margin.

Mission

MLK HEALTH AND WELLNESS COMMUNITY DEVELOPMENT CORPORATION (MLK-CDC) IS CHARGED WITH FACILITATING THE REVITALIZATION OF SOUTH LOS ANGELES THAT INCLUDES THE MLK MEDICAL CAMPUS IN REPURPOSING UNDERUTILIZED BUILDINGS FOR EXPANSION OF DESPERATELY NEEDED HEALTH CARE, MENTAL HEALTH SERVICES, AND HEALTH-RELATED EDUCATIONAL FACILITIES FOR UNDERSERVED POPULATIONS, INCLUDING 4,000 TEENS AND CHILDREN IN FOSTER CARE.

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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 $132,700
Program Service Revenue $0
Investment Income $6,532
Other Revenue $0
TOTAL REVENUE $139,232

Expense Breakdown

Grants Paid $49,373
Salaries & Benefits $0
Fundraising Expenses $930
Program Expenses $50,199
Other Expenses $10,055
TOTAL EXPENSES $59,428

Year-over-Year Comparison

2024 2023 Change
Revenue $139,232 $111,407 +0.2%
Expenses $59,428 $250,999 -0.8%
Net Income $79,804 $-139,592 -1.6%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
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
3
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KARLY KATONA CHAIR OF THE BOARD 5.00
Officer Director
$0 $0 $0
LINDA GRIEGO VICE CHAIR/SECRETARY 5.00
Officer Director
$0 $0 $0
RENATA SIMRIL TREASURER 3.00
Officer Director
$0 $0 $0
YOLANDA VERA DIRECTOR 3.00
Director
$0 $0 $0
GERARD MCCALLUM DIRECTOR 2.50
Director
$0 $0 $0
BRENDA LEVIN DIRECTOR 2.50
Director
$0 $0 $0
DENISE RIO RODRIQUEZ DIRECTOR 2.50
Director
$0 $0 $0
DERRIC JOHNSON DIRECTOR 2.50
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 $139,232 $59,428 $757,052 $79,804
2023 $111,407 $250,999 $825,151 $-139,592
2022 $353,902 $84,142 $812,204 $269,760
2021 $505,570 $495,739 $542,044 $9,831
2020 $427,486 $49,160 $532,213 $378,326
2018 $231,126 $125,029 $221,494 $106,097
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