SENIOR CITIZENS HOUSING DEVELOPMENT CORPORATION OF LOS ANGELES

EIN: 954393915 501(c)(3) Housing & Shelter

PLANTATION, FL

Total Revenue
$681,276
Total Expenses
$917,275
Total Assets
$3,450,853
Net Assets
$1,088,269
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
DC
Principal Officer
MELANIE RIBEIRO
Phone
9548359200
Tax Period
2024-07-01 to 2025-06-30

SENIOR CITIZENS HOUSING DEVELOPMENT CORPORATION OF LOS ANGELES, founded in 1992, is a small nonprofit in the Housing & Shelter sector that reported $681K in total revenue in fiscal year 2024. Expenses of $917K exceeded revenue, resulting in a 35% operating deficit.

Mission

OPERATION OF LOW INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED. REGULATED AND ASSISTED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

Program Service Accomplishments

Program 1
Expenses: $543,488 Revenue: $674,791

OPERATION OF LOW INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED. REGULATED AND ASSISTED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

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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 $0
Program Service Revenue $674,791
Investment Income $6,307
Other Revenue $178
TOTAL REVENUE $681,276

Expense Breakdown

Grants Paid $0
Salaries & Benefits $144,210
Fundraising Expenses $0
Program Expenses $543,488
Other Expenses $773,065
TOTAL EXPENSES $917,275

Year-over-Year Comparison

2024 2023 Change
Revenue $681,276 $675,056 +0.0%
Expenses $917,275 $885,734 +0.0%
Net Income $-235,999 $-210,678 +0.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
6
Employees
3
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
4
$547,545
Total Directors
7
$26,541
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MELANIE RIBEIRO VICE PRESIDE 0.70
Officer
$0 $75,384 $521,004
JOHN OLSEN TREASURER 0.50
Officer Director
$0 $0 $26,541
DANIEL ARGUETA DIRECTOR 0.10
Director
$0 $0 $0
MARIA CORDONE SECRETARY 0.30
Officer Director
$0 $0 $0
TONY FRANSETTA DIRECTOR 0.10
Director
$0 $0 $0
JOHN MENCHACA DIRECTOR 0.10
Director
$0 $0 $0
EDWARD ROMERO DIRECTOR 0.10
Director
$0 $0 $0
CHRISTOPHER SHELTON PRESIDENT 0.50
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
2025 $681,276 $917,275 $3,450,853 $-235,999
2024 $675,056 $885,734 $3,650,423 $-210,678
2023 $756,362 $869,764 $3,807,759 $-113,402
2022 $669,059 $910,214 $3,932,919 $-241,155
2021 $681,624 $863,424 $4,074,742 $-181,800
2020 $677,107 $855,103 $4,248,398 $-177,996
2019 $566,331 $851,451 $4,463,791 $-285,120
2018 $539,378 $888,310 $4,692,668 $-348,932
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