HOLLYWOOD ARTS BUILDING QALICB

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2021

Legal Domicile

Principal Officer

JOSEPH BENINCASA

Phone

2122217300

Tax Period

2024-01-01 to 2024-12-31

Mission

THE HOLLYWOOD ARTS BUILDING QALICB ("QALICB") WAS ESTABLISHED TO HELP FACILITATE A NEW MARKETS TAX CREDIT TRANSACTION FOR THE HOLLYWOOD ARTS COLLECTIVE. (SEE SCHEDULE O)THE NEW MARKETS TAX CREDIT PROGRAM INCENTIVIZES COMMUNITY DEVELOPMENT AND ECONOMIC GROWTH THROUGH THE USE OF TAX CREDITS THAT ATTRACT PRIVATE INVESTMENT TO DISTRESSED COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

THE HOLLYWOOD ARTS BUILDING QALICB ("QALICB") DID NOT UNDERTAKE ANY ACTIVE PROGRAMMATIC ACTIVITIES IN CALENDAR YEAR 2024. THE QALICB WAS CREATED FOR THE EXPRESS PURPOSE OF FACILITATING A NEW MARKETS TAX CREDIT AND LIKELY WILL ONLY INCUR EXPENDITURES RELATED TO THE FACILITATION OF FINANCING FOR THE HOLLYWOOD ARTS COLLECTIVE BUILDING.

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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%)

Financial Overview (2024)

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

Other Expenses $46,015

TOTAL EXPENSES $46,015

Year-over-Year Comparison

	2024	2023	Change
Revenue	N/A	N/A	N/A
Expenses	$46,015	$35,714	+0.3%
Net Income	N/A	$-35,714	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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

$2,073,310

Total Directors