Community Corporation Of Santa Monica

Organization Overview

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.

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.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Mfrg-icon Construction
1616 Ocean Construction
$2,310,105
Walton Construction Inc
Development Construction
$694,050
Americanteam Contractors Co
General Repairs
$501,183
Brooks & Scarpa Architects Inc
1819 Pico Development
$490,879
Springland Landscapes Inc
Landscaping
$264,442
View All Vendors

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$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

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Community Corporation Of Santa Monica has recieved totaling $177,000.

Awarding OrganizationAmount
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
View Grant Recipient Profile

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