Ararat Home Of Los Angeles Inc is located in Mission Hills, CA. The organization was established in 1953. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 12/2021, Ararat Home Of Los Angeles Inc employed 528 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ararat Home Of Los Angeles 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, Ararat Home Of Los Angeles Inc generated $38.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $34.8m during the year ending 12/2021. While expenses have increased by 5.1% per year over the past 7 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
PROVIDE CARE FOR THE ELDERLY
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL AND NURSING CARE FOR THE ELDERLY
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Derik Ghookasian COO | Officer | 40 | $215,000 |
Margarita Kechichian Administrator Of Nursing Facility | 40 | $200,000 | |
Susan Yeranian Director Of Nursing | 40 | $157,880 | |
Rita Noravian Administrator Rcfe | 40 | $145,000 | |
Christine Karapetian Administrator | 40 | $120,000 | |
Vicky Tumikyan Director Of Nursing | 40 | $94,432 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
La Security Security Services | 12/30/21 | $254,205 |
The Visual Cup Medical Supplies | 12/30/21 | $192,085 |
Twin Med Sales Medical Supplies | 12/30/21 | $244,715 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $1,109,312 |
All other contributions, gifts, grants, and similar amounts not included above | $391,277 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,500,589 |
Total Program Service Revenue | $35,132,593 |
Investment income | $1,225,053 |
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 | $37,967,364 |
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. | $1,014,312 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $21,822,757 |
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 | $0 |
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 | $15,545 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,837,647 |
Insurance | $1,002,584 |
All other expenses | $738,410 |
Total functional expenses | $34,798,667 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $12,993,273 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $5,416,208 |
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 | $685,819 |
Net Land, buildings, and equipment | $44,589,786 |
Investments—publicly traded securities | $5,757,380 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $20,066,880 |
Total assets | $89,509,346 |
Accounts payable and accrued expenses | $2,827,492 |
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 | $0 |
Total liabilities | $2,827,492 |
Net assets without donor restrictions | $84,743,813 |
Net assets with donor restrictions | $1,938,041 |
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 | $89,509,346 |
Over the last fiscal year, we have identified 1 grants that Ararat Home Of Los Angeles Inc has recieved totaling $6,000.
Awarding Organization | Amount |
---|---|
George Ignatius Foundation Covina, CA PURPOSE: CHARITABLE ACTIVITIES | $6,000 |
Organization Name | Assets | Revenue |
---|---|---|
Veterans Care Centers Of Oregon Salem, OR | $6,013,060 | $38,949,539 |
Ararat Home Of Los Angeles Inc Mission Hills, CA | $89,509,346 | $37,967,364 |
Family Health & Housing Foundation Encino, CA | $22,978,675 | $31,379,052 |
Humangood Washington Duarte, CA | $39,891,486 | $25,498,619 |
California Home For The Aged Inc Fresno, CA | $64,321,247 | $26,012,027 |
St John Of God Retirement And Care Center Los Angeles, CA | $28,706,588 | $24,434,966 |
Asian Community Center Of Sacramento Valley Inc Sacramento, CA | $61,937,133 | $22,230,325 |
Kuakini Geriatric Care Inc Honolulu, HI | $19,210,660 | $21,384,589 |
Sisters Of St Mary Of Oregon Maryville Corporation Beaverton, OR | $25,202,289 | $20,408,503 |
San Diego Hebrew Homes Encinitas, CA | $46,897,324 | $23,004,075 |
The Reutlinger Community Danville, CA | $53,732,663 | $17,944,281 |
Maunalani Nursing And Rehabilitation Center Honolulu, HI | $6,019,656 | $14,999,666 |