A COMMUNITY OF FRIENDS

EIN: 954203106 501(c)(3) Housing & Shelter

LOS ANGELES, CA

Total Revenue
$23,453,223
Total Expenses
$26,532,823
Total Assets
$173,637,363
Net Assets
$43,678,618
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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
DORA LEONG GALLO
Phone
2134800809
Tax Period
2024-07-01 to 2025-06-30

A COMMUNITY OF FRIENDS, founded in 1988, is a mid-sized nonprofit in the Housing & Shelter sector that reported $23.5M in total revenue in fiscal year 2024. Revenue fell 64% from the prior year — a significant decline worth monitoring. Expenses of $26.5M exceeded revenue, resulting in a 13% operating deficit.

Mission

ACOF IS AN AFFORDABLE HOUSING DEVELOPER THAT SPECIALIZES IN DEVELOPING PERMANENT SUPPORTIVE HOUSING FOR FORMERLY HOMELESS INDIVIDUALS AND FAMILIES LIVING WITH MENTAL ILLNESS. AFTER DEVELOPMENT, ACOF OPERATES THE HOUSING AND ENSURES THE PROVISION OF SUPPORTIVE SERVICES TO TENANT. ACOF PROVIDES SUPPORTIVE SERVICES TO APPROXIMATELY MORE THAN HALF OF THE BUILDINGS IN ITS PORTFOLIO, AND PARTNERS WITH COMMUNITY-BASED SOCIAL SERVICE AGENCIES TO PROVIDE SERVICES IN ITS REMAINING BUILDINGS.

Program Service Accomplishments

Program 1
Expenses: $14,373,715 Revenue: $8,144,133

RENTAL OPERATIONS OF 21 WHOLLY OWNED AFFORDABLE HOUSING PROPERTIES. DURING THE FISCAL YEAR, THE ORGANIZATION'S 19 WHOLLY OWNED BUILDINGS PROVIDED 683 UNITS OF AFFORDABLE HOUSING TO 938 TENANTS.

Program 2
Expenses: $5,122,472 Revenue: $2,850,829

PROVISION OF SUPPORTIVE SERVICES FOR TENANTS LIVING IN THE AFFORDABLE HOUSING THAT HAS BEEN DEVELOPED. DURING THE FISCAL YEAR, THE ORGANIZATION PROVIDED SUPPORTIVE SERVICES TO 1,617 TENANTS RESIDING...

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PROVISION OF SUPPORTIVE SERVICES FOR TENANTS LIVING IN THE AFFORDABLE HOUSING THAT HAS BEEN DEVELOPED. DURING THE FISCAL YEAR, THE ORGANIZATION PROVIDED SUPPORTIVE SERVICES TO 1,617 TENANTS RESIDING IN AFFORDABLE HOUSING APARTMENT BUILDINGS DEVELOPED BY THE ORGANIZATION.

Program 3
Expenses: $3,947,563 Revenue: $214,063

DEVELOPMENT AND MANAGEMENT OF AFFORDABLE HOUSING. ACTIVITIES INCLUDE DEVELOPMENT OF NEW PROPERTIES, ASSET MANAGEMENT AND PROPERTY MANAGEMENT. AT THE END OF THE FISCAL YEAR, THERE WERE FOUR BUILDINGS...

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DEVELOPMENT AND MANAGEMENT OF AFFORDABLE HOUSING. ACTIVITIES INCLUDE DEVELOPMENT OF NEW PROPERTIES, ASSET MANAGEMENT AND PROPERTY MANAGEMENT. AT THE END OF THE FISCAL YEAR, THERE WERE FOUR BUILDINGS IN VARIOUS STAGES OF CONSTRUCTION, WITH AN ADDITIONAL FIVE IN PREDEVELOPMENT. ASSET MANAGEMENT SERVICES WERE PROVIDED TO THE ORGANIZATION'S ENTIRE PORTFOLIO, WHILE PROPERTY MANAGEMENT SERVICES WERE PROVIDED AT 30 BUILDINGS.

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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 $12,052,691
Program Service Revenue $11,209,025
Investment Income $191,507
Other Revenue $0
TOTAL REVENUE $23,453,223

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,919,126
Fundraising Expenses $376,764
Program Expenses $23,443,750
Other Expenses $18,613,697
TOTAL EXPENSES $26,532,823

Year-over-Year Comparison

2024 2023 Change
Revenue $23,453,223 $64,698,978 -0.6%
Expenses $26,532,823 $22,859,588 +0.2%
Net Income $-3,079,600 $41,839,390 -1.1%
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
16
Independent Members
16
Employees
125
Volunteers
16

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
7
$741,006
Total Directors
18
$0
Key Employees
4
$745,649
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALLEN FREEMAN CHAIRPERSON 2.00
Officer Director
$0 $0 $0
BETH GARFIELD VICE-CHAIR 2.00
Officer Director
$0 $0 $0
ELIZABETH GARCIA TREASURER 2.00
Officer Director
$0 $0 $0
ANNE-MARIE JONES SECRETARY 2.00
Officer Director
$0 $0 $0
MARC BINENFELD BOARD MEMBER 1.00
Director
$0 $0 $0
NORMA DOMINGUEZ BOARD MEMBER 1.00
Director
$0 $0 $0
JILL DOMINGUEZ BOARD MEMBER 1.00
Director
$0 $0 $0
PHILIP N FEDER BOARD MEMBER 1.00
Director
$0 $0 $0
HELENA L JUBANY FAIA LEED AP BOARD MEMBER 1.00
Director
$0 $0 $0
PAULA STAMP BOARD MEMBER 1.00
Director
$0 $0 $0
STEPHEN BREEDON BOARD MEMBER 1.00
Director
$0 $0 $0
MITCHELL B MENZER BOARD MEMBER 1.00
Director
$0 $0 $0
ERIC ROBINSON BOARD MEMBER 1.00
Director
$0 $0 $0
JUAN DE LA CRUZ BOARD MEMBER 1.00
Director
$0 $0 $0
LLOYD HUSSEY BOARD MEMBER 1.00
Director
$0 $0 $0
TONYEL STEWART BOARD MEMBER 1.00
Director
$0 $0 $0
RHIANNON DIAZ BOARD MEMBER (UNTIL 02/28/2025) 1.00
Director
$0 $0 $0
SEAN L LEONARD BOARD MEMBER (UNTIL 02/28/2025) 1.00
Director
$0 $0 $0
DORA LEONG GALLO PRESIDENT/CEO 36.00
Officer
$284,342 $30,997 $315,339
RENAE S DEMENT CHIEF FINANCIAL OFFICER 36.00
Officer
$200,746 $30,837 $231,583
CARLOS GONZALEZ CHIEF OPERATING OFFICER 36.00
Officer
$186,279 $7,805 $194,084
PATRICK S REYES DIRECTOR OF ASSET MGMT. 36.00
Key Emp
$151,033 $18,432 $169,465
MEE HEH RISDON DIRECTOR OF HOUSING 36.00
Key Emp
$205,530 $23,982 $229,512
ADRIANA STEPHANIE QUIQUIVIX ASSISTANT DIRECTOR OF HOUSING 36.00
Key Emp
$150,524 $17,194 $167,718
ANA M HABET DIRECTOR OF PROPERTY MANAGEMENT 36.00
Key Emp
$167,434 $11,520 $178,954
JAMES J RAMIREZ DIRECTOR OF SERVICES 36.00
Highest
$142,903 $19,440 $162,343
WILLIAM J ROBINSON DIRECTOR OF HUMAN RESOURCES & ADMIN 36.00
Highest
$141,346 $9,601 $150,947
HIMANSHU BRAHMBHATT SENIOR PROJECT MANAGER 36.00
Highest
$124,258 $20,054 $144,312
MAGGIE IP DIRECTOR OF ACCOUNTING 36.00
Highest
$133,786 $21,930 $155,716
ANNA KOBARA PROJECT MANAGER 36.00
Highest
$113,586 $13,964 $127,550
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 $23,453,223 $26,532,823 $173,637,363 $-3,079,600
2024 No data No data No data No data
2023 $20,500,688 $21,192,211 $67,075,972 $-691,523
2022 $19,454,068 $18,916,920 $60,441,352 $537,148
2021 $16,481,651 $17,797,219 $58,358,012 $-1,315,568
2020 $10,068,240 $9,663,146 $49,555,204 $405,094
2019 $7,552,906 $8,363,100 $46,876,890 $-810,194
2018 $8,043,001 $8,233,130 $43,787,237 $-190,129
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