Rio Hondo Community Development Corporation is located in El Monte, CA. The organization was established in 2003. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 06/2021, Rio Hondo Community Development Corporation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rio Hondo Community Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Rio Hondo Community Development Corporation generated $535.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $448.8k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE AND PRESERVE THE HOUSING INVENTORY THAT IS DECENT AND AFFORDABLE TO LOW AND MODERATE INCOME PERSONS; TO PROMOTE THE SOCIAL WELFARE OF THE COMMUNITY BY RELIEVING POVERTY, DEPENDENCY, CHRONIC UNEMPLOYMENT AND UNDEREMPLOYMENT; AND TO COMBAT COMMUNITY DETERIORATION AND PROMOTE THE RESTORATION OF ECONOMIC VITALITY TO AREAS EXPERIENCING ECONOMIC DISTRESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPROVE, CONSTRUCT AND PRESERVE HOUSING THAT IS DECENT AND AFFORDABLE TO LOW AND MODERATE INCOME INDIVIDUALS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Eugene Moy Treasurer | OfficerTrustee | 2 | $0 |
Michael Mcclure President | OfficerTrustee | 2 | $0 |
Wayne Hoglin Vice President | OfficerTrustee | 2 | $0 |
Margarita Cruz Secretary | OfficerTrustee | 2 | $0 |
Dr Edward Zuniga Director | Trustee | 2 | $0 |
Ken Rausch Director | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $8,750 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $8,750 |
Total Program Service Revenue | $525,951 |
Investment income | $950 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $535,651 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $60,881 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $17,096 |
Fees for services: Accounting | $16,266 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $592 |
Office expenses | $2,341 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $20,065 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $68,573 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $65,166 |
Insurance | $26,403 |
All other expenses | $34,567 |
Total functional expenses | $448,816 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $401,479 |
Savings and temporary cash investments | $356,565 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $39,327 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $2,504,610 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $51,685 |
Total assets | $3,353,666 |
Accounts payable and accrued expenses | $311,480 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $1,357,738 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $35,360 |
Total liabilities | $1,704,578 |
Net assets without donor restrictions | -$149,750 |
Net assets with donor restrictions | $1,798,838 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $3,353,666 |
Over the last fiscal year, we have identified 1 grants that Rio Hondo Community Development Corporation has recieved totaling $8,750.
Awarding Organization | Amount |
---|---|
California Community Foundation Los Angeles, CA PURPOSE: CIVIC ENGAGEMENT | $8,750 |
Organization Name | Assets | Revenue |
---|---|---|
Episcopal Communities & Services For Seniors Monrovia, CA | $210,406,101 | $54,393,007 |
Area Housing Authority Of County Of Ventura Newbury Park, CA | $51,199,286 | $45,374,355 |
Eah Inc San Rafael, CA | $269,353,281 | $53,747,905 |
Tenderloin Neighborhood Development Corporation San Francisco, CA | $105,200,928 | $42,280,090 |
Eden Housing Inc Hayward, CA | $420,059,670 | $90,990,309 |
Midpen Housing Corporation Foster City, CA | $279,122,902 | $50,937,724 |
Cesar Chavez Foundation Keene, CA | $206,528,631 | $52,041,546 |
Pico-Union Housing Corporation Los Angeles, CA | $136,637,775 | $17,120,613 |
Northwest Housing Alternatives Inc Milwaukie, OR | $66,415,282 | $18,428,543 |
Burbank Housing Development Corporation Santa Rosa, CA | $103,460,619 | $16,261,747 |
Coachella Valley Housing Coalition Indio, CA | $146,778,624 | $17,127,596 |
Community Corporation Of Santa Monica Santa Monica, CA | $197,338,615 | $17,598,823 |