Pico-Union Housing Corporation
- Assets
- $136.5m
- Revenue
- $13.8m
- Investments
- $0.0
- Employees
- 39
- Location
- Los Angeles, CA
- Founding
- 12/1981
- Data as of
- 03/2021
- EIN
- 23-7113307
Organization Overview
Pico-Union Housing Corporation is located in Los Angeles, CA. The organization was established in 1981. 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 03/2021, Pico-Union Housing Corporation employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 03/2021, Pico-Union Housing Corporation generated $13.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 28.8% each year . All expenses for the organization totaled $16.1m during the year ending 03/2021. While expenses have increased by 38.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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 PROVIDE AFFORDABLE LOW INCOME RENTAL HOUSING TO QUALIFIED LOW INCOME INDIVIDUALS AND FAMILIES AND VARIOUS SOCIAL SERVICES TO UNDESERVED COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE AFFORDABLE LOW INCOME RENTAL HOUSING TO QUALIFIED INDIVIDUALS AND FAMILIES AND VARIOUS SOCIAL SERVICES TO UNDESERVED COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
1gloria Farias Executive Director | Officer | 55 | $465,000 |
4rosa Novoa Secretary | OfficerTrustee | 3 | $0 |
3wilfrido Pineda Treasurer | OfficerTrustee | 3 | $0 |
2mario Morales President | OfficerTrustee | 5 | $0 |
5esperanza Bello Cortez Board Member | Trustee | 3 | $0 |
6 Celia Ramirez Board Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $13,772,739 |
| Investment income | $0 |
| 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 | $13,772,739 |
| 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. | $465,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $1,691,351 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $354,270 |
| Payroll taxes | $178,577 |
| Fees for services: Management | $592,309 |
| Fees for services: Legal | $73,389 |
| Fees for services: Accounting | $203,822 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,124 |
| Office expenses | $438,317 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,070,742 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,994,711 |
| Insurance | $463,299 |
| All other expenses | $1,478,930 |
| Total functional expenses | $16,100,676 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $891,038 |
| Savings and temporary cash investments | $318,760 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,202,770 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,438,716 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $234,332 |
| Net Land, buildings, and equipment | $109,929,715 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $14,969,268 |
| Intangible assets | $1,394,938 |
| Other assets | $3,154,706 |
| Total assets | $136,534,243 |
| Accounts payable and accrued expenses | $4,525,193 |
| Grants payable | $0 |
| Deferred revenue | $240,250 |
| 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 | $98,689,082 |
| Unsecured mortgages and notes payable | $2,044,029 |
| Other liabilities | $706,658 |
| Total liabilities | $106,205,212 |
| Net assets without donor restrictions | $30,329,031 |
| Net assets with donor restrictions | $0 |
| 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 | $136,534,243 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Episcopal Communities & Services For Seniors Monrovia, CA | $200,586,873 | $44,275,209 |
Area Housing Authority Of County Of Ventura Newbury Park, CA | $50,380,025 | $43,905,696 |
Eah Inc San Rafael, CA | $249,477,688 | $86,016,807 |
Eden Housing Inc Hayward, CA | $322,607,866 | $46,810,875 |
Tenderloin Neighborhood Development Corporation San Francisco, CA | $79,074,227 | $25,090,239 |
Midpen Housing Corporation Foster City, CA | $187,155,719 | $45,987,695 |
Pico-Union Housing Corporation Los Angeles, CA | $136,534,243 | $13,772,739 |
Community Corporation Of Santa Monica Santa Monica, CA | $198,145,553 | $18,279,649 |
La Cooperativa Campesina De California Sacramento, CA | $3,909,607 | $15,006,799 |
Peoples Self-Help Housing Corporation San Luis Obispo, CA | $133,211,546 | $24,033,272 |
Wesley Developments San Diego, CA | $1,558,058 | $9,563,496 |
Equality Community Housing Corporation Glendale, AZ | $44,461,192 | $12,338,014 |