Municipal Improvement Corporation Of Los Angeles

Municipal Improvement Corporation Of Los Angeles Overview

Municipal Improvement Corporation Of Los Angeles is located in Los Angeles, CA. The organization was established in 1984. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 06/2017, Municipal Improvement Corporation Of Los Angeles generated $70.9m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $58.0m during the year ending 06/2017. While expenses have increased by 1.3% per year over the past 3 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

2017

Describe the Organization's Mission:

Part 3 - Line 1

TO ASSIST THE CITY OF LOS ANGELES FINANCE THE ACQUISITION OF AND CAPITAL IMPROVEMENT TO REAL PROPERTY AND CAPITAL EQUIPMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

RENDERED ASSITANCE TO THE CITY OF LOS ANGELES BY FINANCING THE ACQUISITION AND/OR CONSTRUCTION OF BUILDINGS, EQUIPMENT AND IMPROVEMENTS.


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Municipal Improvement Corporation Of Los Angeles Board, Officers & Key Employees

Name (title)Compensation
Lily Y Lee
Secretary
$0
Michael Keeley
President
$0
Faye Washington
Vice President
$0
Royce A Menkus
Treasurer
$0
Hf Boeckmann II
Member
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$0
Investment income $3,000,575
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $67,900,538
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 $70,901,113

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