LOS ANGELES COUNTY HOUSING DEVELOPMENT CORPORATION

EIN: 954269192 501(c)(3)

ALHAMBRA, CA

Total Revenue
$1,157,900
Total Expenses
$1,551,767
Total Assets
$10,565,254
Net Assets
$-1,203,316
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
CA
Principal Officer
EMILIO SALAS
Phone
6262966298
Tax Period
2023-01-01 to 2023-12-31

LOS ANGELES COUNTY HOUSING DEVELOPMENT CORPORATION, founded in 1989, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $1.6M exceeded revenue, resulting in a 34% operating deficit.

Mission

LOS ANGELES COUNTY HOUSING DEVELOPMENT CORPORATION WAS INCORPORATED ON OCTOBER 16, 1989 AS A NONPROFIT PUBLIC BENEFIT CORPORATION, TO CONSTRUCT, OWN AND OPERATE A 35 UNIT APARTMENT PROJECT LOCATED IN THE UNINCORPORATED WILLOWBROOK AREA OF LOS ANGELES COUNTY, CALIFORNIA, KNOWN AS CANNON APARTMENTS PROJECT. THE PROJECT WAS ENDORSED FOR INSURANCE UNDER SECTION 241(F) OF THE NATIONAL HOUSING ACT, WITH THE SECRETARY OF HOUSING AND URBAN DEVELOPMENT. ALL OF THE UNITS QUALIFY FOR FEDERAL RENT SUBSIDY PURSUANT TO SECTION 8 OF THE U.S. HOUSING ACT OF 1937, AS AMENDED.

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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 (2023)

Revenue Breakdown

Contributions & Grants $519,581
Program Service Revenue $620,416
Investment Income $329
Other Revenue $17,574
TOTAL REVENUE $1,157,900

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,316,774
Other Expenses $1,551,767
TOTAL EXPENSES $1,551,767

Year-over-Year Comparison

2023 2022 Change
Revenue $1,157,900 $1,239,064 -0.1%
Expenses $1,551,767 $1,459,796 +0.1%
Net Income $-393,867 $-220,732 +0.8%
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
3
Independent Members
3
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EMILIO SALAS CHAIRMAN 1.00
Officer Director
$0 $0 $0
MANUEL SALAZAR VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
DANIEL WILES SECRETARY 1.00
Officer 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 No data No data No data No data
2023 $1,157,900 $1,551,767 $10,565,254 $-393,867
2022 $1,239,064 $1,459,796 $10,667,458 $-220,732
2021 $1,268,108 $1,334,770 $9,882,172 $-66,662
2020 $1,251,988 $1,404,691 $9,813,201 $-152,703
2019 $1,141,109 $1,493,481 $9,782,484 $-352,372
2018 $1,357,708 $1,477,987 $10,165,494 $-120,279
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