Lafh Phase I Qalicb Inc
- Assets
- $8.8m
- Revenue
- $400.3k
- Investments
- $0.0
- Employees
- 0
- Location
- North Hollywood, CA
- Founding
- 12/2015
- Data as of
- 12/2021
- EIN
- 47-4960359
Organization Overview
Lafh Phase I Qalicb Inc is located in North Hollywood, CA. The organization was established in 2015. According to its NTEE Classification (L11) the organization is classified as: Single Organization Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lafh Phase I Qalicb Inc 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 12/2021, Lafh Phase I Qalicb Inc generated $400.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 35.1% each year . All expenses for the organization totaled $416.9k during the year ending 12/2021. 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
HOMELESS SERVICES SEE PAGE 2 FOR MORE INFORMATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2015, LA FAMILY HOUSING BEGAN PHASE I OF ITS CAMPUS DEVELOPMENT WITH THE REHABILITATION OF THE SOUTH CAMPUS AT 7817 LANKERSHIM BLVD. IN NORTH HOLLYWOOD, CALIFORNIA. THIS PROPERTY (FORMERLY KNOWN AS THE SYDNEY M. IRMAS TRANSITIONAL LIVING CENTER "TLC", WHICH WAS USED AS A FAMILY SHELTER) WAS CONVERTED TO THREE PRIMARY USES: BRIDGE HOUSING FOR UP TO 250 SINGLE ADULTS, BRIDGE/CRISIS HOUSING FOR 12 HOMELESS FAMILIES, AND THE FAMILY SOLUTION CENTER SERVING AS THE REGION CES SERVICE HOME FOR INTAKE AND ASSESSMENT, HOUSING PLACEMENT, AND HOUSING STABILITY SERVICES FOR HOMELESS FAMILIES THROUGHOUT THE REGION. CONSTRUCTION AND REHABILITATION OF THE SOUTH CAMPUS PROPERTY WAS COMPLETED IN 2017.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yasmin Tong Treasurer | OfficerTrustee | 0.5 | $0 |
Toi Chisom Secretary | OfficerTrustee | 0.5 | $0 |
Stephanie Klasky-Gamer Chair | OfficerTrustee | 0.5 | $0 |
Gillian Wright Director | Trustee | 0.5 | $0 |
Daniel Huynh Former Secretary Term 1/2/21 | Trustee | 0.5 | $0 |
Gregg Sherkin Director | Trustee | 0.5 | $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 | $400,265 |
| Investment income | $55 |
| 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 | $400,320 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $142,810 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $197,012 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $416,863 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,057 |
| Savings and temporary cash investments | $128,116 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $1,682,970 |
| Net Land, buildings, and equipment | $6,943,569 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,764,712 |
| Accounts payable and accrued expenses | $0 |
| 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 | $11,075,201 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2 |
| Total liabilities | $11,075,203 |
| Net assets without donor restrictions | -$2,310,491 |
| 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 | $8,764,712 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Quality Development And Construction Inc Irvine, CA | $24,286,567 | $62,299,106 |
The Jewish Home And Senior Living Foundation San Francisco, CA | $68,076,852 | $10,222,778 |
Destination Home Sv Mountain View, CA | $71,636,859 | $46,349,546 |
Montecedro Inc Monrovia, CA | $191,107,434 | $25,965,819 |
Irvine Campus Housing Authority Irvine, CA | $90,291,490 | $26,674,526 |
Jewish Senior Living Group San Francisco, CA | $2,756,319 | $9,175,842 |
Mmm East Inc San Francisco, CA | $118,949,023 | $7,931,673 |
Covia Foundation Glendale, CA | $0 | $7,791,148 |
Housing Promise Corporation Los Angeles, CA | $717,273 | $717,273 |
Claremont Investment Management Company Claremont, CA | $1,000 | $4,500,473 |
Bridge Community Impact San Francisco, CA | $8,316,284 | $4,579,229 |
Cedarsinai Park Foundation Portland, OR | $11,831,059 | $2,143,357 |