Community Corporation Of Santa Monica is located in Santa Monica, CA. The organization was established in 1983. 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 06/2021, Community Corporation Of Santa Monica employed 123 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2021, Community Corporation Of Santa Monica generated $18.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $15.8m during the year ending 06/2021. While expenses have increased by 5.3% 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
SEE SCHEDULE O FOR COMPLETE MISSION STATEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY CORPORATION OF SANTA MONICA WAS FORMED TO IMPROVE LIVES AND NEIGHBORHOODS BY RESTORING, BUILDING, AND MANAGING AFFORDABLE HOUSING FOR PEOPLE OF MODEST MEANS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Tara Barauskas Executive Director | Officer | 40 | $191,040 |
Jesus Hernandez Director Of Housing Develo | Officer | 40 | $163,417 |
Robert Connell Chief Financial Officer | Officer | 40 | $159,060 |
Durinda Abraham Director Of Property Mgmt | 40 | $153,893 | |
Miguel Ceballos Director Of Maintenance | 40 | $142,247 | |
Martha Martinez Human Resources Manager | 40 | $133,241 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Mfrg-icon Construction 1616 Ocean Construction | 6/29/21 | $2,310,105 |
Walton Construction Inc Development Construction | 6/29/21 | $694,050 |
Americanteam Contractors Co General Repairs | 6/29/21 | $501,183 |
Brooks & Scarpa Architects Inc 1819 Pico Development | 6/29/21 | $490,879 |
Springland Landscapes Inc Landscaping | 6/29/21 | $264,442 |
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 | $1,049,350 |
Noncash contributions included in lines 1a–1f | $127,088 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,049,350 |
Total Program Service Revenue | $16,746,910 |
Investment income | $310,182 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $172,240 |
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 | $18,279,649 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $5,000 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $523,150 |
Compensation of current officers, directors, key employees. | $523,150 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $4,136,384 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $562,648 |
Payroll taxes | $363,123 |
Fees for services: Management | $0 |
Fees for services: Legal | $19,521 |
Fees for services: Accounting | $21,192 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $386,138 |
Advertising and promotion | $22,598 |
Office expenses | $954,257 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $5,712,275 |
Travel | $22,773 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $50,588 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $2,599,860 |
Insurance | $142,116 |
All other expenses | $0 |
Total functional expenses | $15,776,274 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $13,017,098 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $7,226,735 |
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 | $1,397,823 |
Net Land, buildings, and equipment | $141,250,655 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $23,076,902 |
Intangible assets | $105,957 |
Other assets | $12,070,383 |
Total assets | $198,145,553 |
Accounts payable and accrued expenses | $1,349,711 |
Grants payable | $0 |
Deferred revenue | $231,632 |
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 | $151,313,624 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $3,651,360 |
Total liabilities | $156,546,327 |
Net assets without donor restrictions | $40,631,294 |
Net assets with donor restrictions | $967,932 |
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 | $198,145,553 |
Over the last fiscal year, we have identified 3 grants that Community Corporation Of Santa Monica has recieved totaling $177,000.
Awarding Organization | Amount |
---|---|
United Way Inc Los Angeles, CA PURPOSE: HOUSING | $150,000 |
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $25,000 |
Foundation For Sustainability And Innovation Laguna Beach, CA PURPOSE: HOUSING PRESERVATION | $2,000 |
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 |