Westside Jewish Center Apartments
- Assets
- $2.5m
- Revenue
- $2.5m
- Investments
- $327.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 12/1989
- Data as of
- 09/2023
- EIN
- 95-3532315
Organization Overview
Westside Jewish Center Apartments is located in Los Angeles, CA. The organization was established in 1989. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westside Jewish Center Apartments 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 09/2023, Westside Jewish Center Apartments generated $2.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $2.4m during the year ending 09/2023. While expenses have increased by 8.4% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE GOVERMENT SUBSIDIZED HOUSING TO THE LOW-INCOME ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
103 UNIT APARTMENT COMPLEX FOR LOW-INCOME ELDERLY OPERATED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT OF 1959, AS AMENDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Bell Treasurer | OfficerTrustee | 0.3 | $0 |
Dan Stone Director | Trustee | 0.1 | $0 |
Janice Barquist Director | Trustee | 0.1 | $0 |
Bruce Steinbaum Director | Trustee | 0.1 | $0 |
Steve Wallock Director | Trustee | 0.1 | $0 |
Vicki Wolf President | Officer | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,964,943 |
| 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 | $1,964,943 |
| Total Program Service Revenue | $480,812 |
| Investment income | $2,001 |
| 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 | $2,451,789 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,163,039 |
| 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 | $99,144 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,810 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,608 |
| Advertising and promotion | $2,125 |
| Office expenses | $38,554 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $556,320 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $210,823 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,756 |
| Insurance | $138,177 |
| All other expenses | $0 |
| Total functional expenses | $2,396,884 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $554,227 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,211 |
| 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 | $110,584 |
| Net Land, buildings, and equipment | $1,207,937 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $327 |
| Investments—program-related | $0 |
| Intangible assets | $88,062 |
| Other assets | $558,056 |
| Total assets | $2,526,404 |
| Accounts payable and accrued expenses | $83,789 |
| Grants payable | $0 |
| Deferred revenue | $4,294 |
| 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 | $4,734,876 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $38,433 |
| Total liabilities | $4,861,392 |
| Net assets without donor restrictions | -$2,334,988 |
| 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 | $2,526,404 |
Grants Awarded
Over the last fiscal year, Westside Jewish Center Apartments has awarded $442,300 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WESTSIDE JEWISH COMMUNITY CENTER PURPOSE: TO PROVIDE SERVICES TO SENIOR CITIZENS IN THE LOCAL AREASENIOR PROGRAMS AND CAPITAL CAMPAIGN | $442,200 |
PARKINSON'S DISEASE FOUNDATION PURPOSE: RESEARCH ON PARKINSON CURE | $100 |