LOS ANGELES NEIGHBORHOOD INITIATIVE

EIN: 954481955 501(c)(3) Community Improvement

LOS ANGELES, CA

Total Revenue
$2,088,251
Total Expenses
$2,386,544
Total Assets
$3,877,966
Net Assets
$2,308,050
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
CA
Principal Officer
VERONICA HAHNI
Phone
2136271822
Tax Period
2023-10-01 to 2024-09-30

LOS ANGELES NEIGHBORHOOD INITIATIVE, founded in 1994, is a community nonprofit in the Community Improvement sector that reported $2.1M in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $2.4M exceeded revenue, resulting in a 14% operating deficit.

Mission

LOS ANGELES NEIGHBORHOOD INITIATIVE WAS FORMED IN 1994 AS AN AGENCY DESIGNED TO BE A CATALYTIC PROGRAM THAT INITIATES AND ENCOURAGES NEIGHBORHOOD REVITALIZATION IN TRANSIT-DEPENDENT URBAN NEIGHBORHOODS.

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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 $2,088,251
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,088,251

Expense Breakdown

Grants Paid $0
Salaries & Benefits $780,467
Fundraising Expenses $0
Program Expenses $1,992,640
Other Expenses $1,606,077
TOTAL EXPENSES $2,386,544

Year-over-Year Comparison

2023 2022 Change
Revenue $2,088,251 $2,836,547 -0.3%
Expenses $2,386,544 $2,038,201 +0.2%
Net Income $-298,293 $798,346 -1.4%
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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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
8
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
1
$123,110
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VERONICA HAHNI EXECUTIVE DIRECTOR 40
Officer
$123,110 $0 $123,110
ANNA SWAIN PROJECT DIRECTOR 40
Highest
$109,356 $0 $109,356
MARIAN BELL BOARD PRESIDENT 2
Director
$0 $0 $0
EMILY GABEL LUDDY BOARD MEMBER 2
Director
$0 $0 $0
TODD MCINTYRE BOARD TREASURER 2.00
Director
$0 $0 $0
JOYCE PERKINS BOARD MEMBER 2
Director
$0 $0 $0
AREEN IBRANOSSIAN BOARD SECRETARY 2
Director
$0 $0 $0
PETER JACKSON BOARD MEMBER 2
Director
$0 $0 $0
COURTNEY TORRES BOARD VICE PRESIDENT 2
Director
$0 $0 $0
MONICA EARL BOARD MEMBER 2
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 $2,088,251 $2,386,544 $3,877,966 $-298,293
2023 $2,836,547 $2,038,201 $4,073,894 $798,346
2022 $2,507,198 $2,018,891 $3,174,974 $488,307
2021 $2,017,765 $2,017,554 $2,540,481 $211
2020 $3,336,059 $4,040,134 $2,634,171 $-704,075
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