Los Angeles Room & Board

EIN: 833172348 501(c)(3) Housing & Shelter

Placentia, CA

Total Revenue
$6,490,765
Total Expenses
$6,826,991
Total Assets
$30,358,271
Net Assets
$30,212,415
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
CA
Principal Officer
Andra Chisolm
Phone
8184049445
Tax Period
2024-07-01 to 2025-06-30

Los Angeles Room & Board, founded in 2018, is a community nonprofit in the Housing & Shelter sector that reported $6.5M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Net assets of $30.2M represent 56 months of operating reserves.

Mission

The mission of Los Angeles Room & Board (LARB) is to ensure that Californias community college students realize their postsecondary education goals by providing affordable transitional housing designed to end homelessness.

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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 $6,489,599
Program Service Revenue $1,166
Investment Income $0
Other Revenue $0
TOTAL REVENUE $6,490,765

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,453,626
Fundraising Expenses $31,612
Program Expenses $5,589,532
Other Expenses $4,373,365
TOTAL EXPENSES $6,826,991

Year-over-Year Comparison

2024 2023 Change
Revenue $6,490,765 $5,301,149 +0.2%
Expenses $6,826,991 $5,926,053 +0.2%
Net Income $-336,226 $-624,904 -0.5%
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
9
Independent Members
9
Employees
31
Volunteers
5

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
1
$200,000
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
6
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Samuel Prater Founder 40.00
Officer Highest
$200,000 $0 $200,000
Angeles Zaragoza Senior Director 40.00
Highest
$185,000 $0 $185,000
Michelle Costa Deputy Executive Director 40.00
Highest
$150,000 $0 $150,000
Andra Chisolm Senior Director of Campus Dining 40.00
Highest
$110,000 $0 $110,000
Gustavo Magana Director of Facilities 40.00
Highest
$110,000 $0 $110,000
Brady Albert Director 40.00
Highest
$110,000 $0 $110,000
Tiffany Jones Member 0.00
Director
$0 $0 $0
Tiffany Sims Member 0.00
Director
$0 $0 $0
Matthew Soto Member 0.00
Director
$0 $0 $0
Justin Washington Member 0.00
Director
$0 $0 $0
Tony Weaver Member 0.00
Director
$0 $0 $0
Tony E Zetina Member 0.00
Director
$0 $0 $0
Andres Cantero Member 0.00
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
2025 $6,490,765 $6,826,991 $30,358,271 $-336,226
2024 $5,301,149 $5,926,053 $30,645,897 $-624,904
2023 $3,082,523 $2,787,194 $32,497,896 $295,329
2023 $3,082,523 $2,787,194 $32,497,896 $295,329
2022 $35,503,527 $3,984,776 $32,294,757 $31,518,751
2021 $890,814 $1,065,277 $283,503 $-174,463
2020 $744,217 $261,568 $492,174 $482,649
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