VENICE COMMUNITY HOUSING CORPORATION

EIN: 954200761 501(c)(3) Housing & Shelter

VENICE, CA

Total Revenue
$16,512,379
Total Expenses
$12,865,281
Total Assets
$125,570,135
Net Assets
$14,389,449
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
CA
Principal Officer
BECKY DENNISON
Phone
3103994100
Tax Period
2023-01-01 to 2023-12-31

VENICE COMMUNITY HOUSING CORPORATION, founded in 1988, is a mid-sized nonprofit in the Housing & Shelter sector that reported $16.5M in total revenue in fiscal year 2023. Revenue surged 96% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.6M, a strong 22% operating margin.

Mission

VENICE COMMUNITY HOUSING SUPPORTS AND BUILDS EQUITABLE AND INCLUSIVE COMMUNITIES BY PROVIDING AFFORDABLE HOUSING WITH SUPPORTIVE SERVICES, EDUCATION, EMPLOYMENT PROGRAMS, AND PUBLIC POLICY ADVOCACY THAT ADVANCES RACIAL AND ECONOMIC JUSTICE.

Program Service Accomplishments

Program 1
Expenses: $8,083,222 Revenue: $2,241,592

AFFORDABLE HOUSING:VCHC CURRENTLY OWNS AND OPERATES 275 UNITS OF AFFORDABLE AND SUPPORTIVE HOUSING IN 17 PROPERTIES AND OPERATES AN ADDITIONAL 28 UNITS OF SHORT-TERM HOUSING FOR FAMILIES AND...

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AFFORDABLE HOUSING:VCHC CURRENTLY OWNS AND OPERATES 275 UNITS OF AFFORDABLE AND SUPPORTIVE HOUSING IN 17 PROPERTIES AND OPERATES AN ADDITIONAL 28 UNITS OF SHORT-TERM HOUSING FOR FAMILIES AND TRANSITION AGED YOUTH EXPERIENCING HOMELESSNESS. VCHC PROVIDES THE PROPERTY MANAGEMENT AND MAINTENANCE SERVICES FOR ALL PROPERTIES, AND WORKS TO PRESERVE AND EXPAND HOUSING OPPORTUNITIES THROUGH NEW CONSTRUCTION AND REHABILITATION OPPORTUNITIES.

Program 2
Expenses: $2,418,430

RESIDENT SERVICES:VCHC PROVIDES TRAUMA-INFORMED RESOURCES AND SUPPORTS THAT TENANTS AND PROGRAM PARTICIPANTS NEED TO SECURE AND MAINTAIN HOUSING, IMPROVE HEALTH, ENHANCE EDUCATION, AND THRIVE IN...

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RESIDENT SERVICES:VCHC PROVIDES TRAUMA-INFORMED RESOURCES AND SUPPORTS THAT TENANTS AND PROGRAM PARTICIPANTS NEED TO SECURE AND MAINTAIN HOUSING, IMPROVE HEALTH, ENHANCE EDUCATION, AND THRIVE IN THEIR COMMUNITIES. SERVICES AND RESOURCES INCLUDE ONE-ON-ONE CASE MANAGEMENT AND COUNSELING, HEALTH AND MENTAL HEALTH SUPPORTS, FOOD AND TRANSPORTATIONASSISTANCE, AND MANY MORE.

Program 3
Expenses: $1,113,137

YOUTH DEVELOPMENT PROGRAMS:VCHC PROVIDES COMPREHENSIVE EDUCATIONAL, JOB TRAINING AND LEADERSHIP DEVELOPMENT OPPORTUNITIES FOR YOUTH AGES 18 - 24, INCLUDING AN ON-SITE HIGH SCHOOL. VCHC'S STUDY LOUNGE...

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YOUTH DEVELOPMENT PROGRAMS:VCHC PROVIDES COMPREHENSIVE EDUCATIONAL, JOB TRAINING AND LEADERSHIP DEVELOPMENT OPPORTUNITIES FOR YOUTH AGES 18 - 24, INCLUDING AN ON-SITE HIGH SCHOOL. VCHC'S STUDY LOUNGE PROGRAM PROVIDES ACADEMIC-FOCUSED AFTER SCHOOL ACTIVITIES INCLUDING TUTORING, MENTORING, AND RECREATION FOR CHILDREN AGES 6-12.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $14,207,733
Program Service Revenue $1,872,586
Investment Income $63,054
Other Revenue $369,006
TOTAL REVENUE $16,512,379

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,955,586
Fundraising Expenses $542,708
Program Expenses $11,614,789
Other Expenses $8,909,695
TOTAL EXPENSES $12,865,281

Year-over-Year Comparison

2023 2022 Change
Revenue $16,512,379 $8,403,496 +1.0%
Expenses $12,865,281 $8,430,196 +0.5%
Net Income $3,647,098 $-26,700 -137.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
16
Independent Members
16
Employees
74
Volunteers
50

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
5
$111,579
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SOPHIA GUEL-VALENZUELA DIRECTOR 0.27
Director
$0 $0 $0
SYLVIA AROTH TREASURER 0.50
Officer Director
$0 $0 $0
MICHELLE GROISMAN CO-CHAIRPERSON 0.50
Officer Director
$0 $0 $0
THERESA HWANG DIRECTOR 0.27
Director
$0 $0 $0
DANIEL JOHNSON DIRECTOR 0.27
Director
$0 $0 $0
MARIE KENNEDY DIRECTOR 0.27
Director
$0 $0 $0
JEFFREY LEVINE DIRECTOR 0.27
Director
$0 $0 $0
BARBARA MILLIKEN DIRECTOR 0.27
Director
$0 $0 $0
MIKE SUHD DIRECTOR 0.27
Director
$0 $0 $0
CATHERINE SWEETSER DIRECTOR 0.27
Director
$0 $0 $0
MARTHA CHERESH DIRECTOR 0.27
Director
$0 $0 $0
STEVE DIAZ SECRETARY 0.50
Officer Director
$0 $0 $0
JONAH KATENDE DIRECTOR 0.27
Director
$0 $0 $0
MIKE LINDLEY DIRECTOR 0.27
Director
$0 $0 $0
FRANCES SEGURA DIRECTOR 0.27
Director
$0 $0 $0
MICHEL DORY CO-CHAIRPERSON 0.27
Officer Director
$0 $0 $0
MOTIQUE ALSTON DIRECTOR 0.27
Director
$0 $0 $0
ANNA BAUTISTA DIRECTOR 0.27
Director
$0 $0 $0
LANEE BURNS DIRECTOR 0.27
Director
$0 $0 $0
MIKE DENNIS DIRECTOR 0.27
Director
$0 $0 $0
SHYANN MURPHY DIRECTOR 0.27
Director
$0 $0 $0
JOMO RADCLIFF DIRECTOR 0.27
Director
$0 $0 $0
YASMIN TONG DIRECTOR 0.27
Director
$0 $0 $0
BECKY DENNISON EXECUITVE DIRECTOR 40.00
Officer
$106,054 $5,525 $111,579
ALLISON RILEY SR DIR HSG DEVL 40.00
Highest
$139,128 $15,373 $154,501
ERIKA LEE DEPUTY DIRECTOR 40.00
Highest
$114,450 $6,500 $120,950
YANNIS OLIVER DIRECTOR OF FINANCE 40.00
Highest
$107,873 $5,200 $113,073
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 $16,512,379 $12,865,281 $125,570,135 $3,647,098
2022 $8,403,496 $8,430,196 $95,071,919 $-26,700
2021 $9,064,852 $5,138,982 $25,251,660 $3,925,870
2020 $5,906,367 $5,099,656 $20,177,781 $806,711
2019 $4,651,197 $4,798,763 $18,582,255 $-147,566
2018 $4,386,156 $3,784,590 $15,839,823 $601,566
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