Esperanza-39th Street Partners Corporation
- Assets
- $1.4m
- Revenue
- $357.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 09/1996
- Data as of
- 06/2020
- EIN
- 93-1210345
Organization Overview
Esperanza-39th Street Partners Corporation is located in Los Angeles, CA. The organization was established in 1996. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, 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. Esperanza-39th Street Partners 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 06/2020, Esperanza-39th Street Partners Corporation generated $357.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $419.9k during the year ending 06/2020. While expenses have increased by 2.8% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP, OPERATE AND MAINTAIN HUD LOW-INCOME HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION IS A 45-UNIT APARTMENT PROJECT FOR LOW-INCOME FAMILY HOUSEHOLDS LOCATED IN LOS ANGELES, CALIFORNIA.
THE CORPORATION IS A 45-UNIT APARTMENT PROJECT FOR LOW-INCOME FAMILY HOUSEHOLDS LOCATED IN LOS ANGELES, CALIFORNIA.
THE CORPORATION IS A 45-UNIT APARTMENT PROJECT FOR LOW-INCOME FAMILY HOUSEHOLDS LOCATED IN LOS ANGELES, CALIFORNIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Penne Hasson Treasurer | OfficerTrustee | 1 | $0 |
Nancy Halpern Ibrahim President | OfficerTrustee | 1 | $0 |
Max Harris Secretary | OfficerTrustee | 1 | $0 |
Shanon Lampkins Treasurer | OfficerTrustee | 1 | $0 |
Brian Eklund Chair | OfficerTrustee | 1 | $0 |
Oscar Alvarado Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $286 |
| 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 | $357,264 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $19,980 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,275 |
| Payroll taxes | $5,184 |
| Fees for services: Management | $27,000 |
| Fees for services: Legal | $2,843 |
| Fees for services: Accounting | $14,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,783 |
| Advertising and promotion | $136 |
| Office expenses | $3,057 |
| Information technology | $1,319 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $40 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $57,578 |
| Insurance | $17,198 |
| All other expenses | $0 |
| Total functional expenses | $419,855 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,408 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,967 |
| 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 | $1,177 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $768,497 |
| Total assets | $1,434,255 |
| Accounts payable and accrued expenses | $17,275 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $28,719 |
| Total liabilities | $45,994 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $1,388,261 |
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|---|---|---|
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Rebuilding Together Oakland Oakland, CA | $294,014 | $544,113 |
Esperanza-39th Street Partners Corporation Los Angeles, CA | $1,434,255 | $357,264 |
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Sullivan Senior Housing Inc Portland, OR | $2,127,510 | $201,448 |
Rebuilding Together Of The City Of Angels Studio City, CA | $142,680 | $405,025 |