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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Michael Keeley President | OfficerTrustee | 1 | $0 |
Lily Y Lee Secretary | OfficerTrustee | 1 | $0 |
Faye Washington Vice President | OfficerTrustee | 1 | $0 |
Royce A Menkus Treasurer | OfficerTrustee | 1 | $0 |
Hf Boeckmann II Member | Trustee | 1 | $0 |
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 |
Statement of Expenses | |
---|---|
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 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 | $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 | $54,825,459 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $57,970,479 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $104,371,147 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
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 | $35,258,690 |
Investments—publicly traded securities | $56,691,964 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,901,493,463 |
Total assets | $2,097,815,264 |
Accounts payable and accrued expenses | $10,908,884 |
Grants payable | $0 |
Deferred revenue | $66,448,133 |
Tax-exempt bond liabilities | $1,693,317,607 |
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 | $288,276,301 |
Total liabilities | $2,058,950,925 |
Net assets without donor restrictions | $0 |
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 |
Total liabilities and net assets/fund balances | $38,864,339 |
Organization Name | Assets | Revenue |
---|---|---|
Municipal Improvement Corporation Of Los Angeles Los Angeles, CA | $2,097,815,264 | $70,901,113 |
Fund For A Better Future Inc Sacramento, CA | $1,396,838 | $20,981,477 |
Benson House Inc Ontario, CA | $9,701,342 | $11,684,794 |
Community Services Agency Reno, NV | $7,271,573 | $10,329,520 |
Fresno Building Healthy Communities Fresno, CA | $4,217,458 | $6,303,149 |
Korean Immigrant Workers Advocates Of Southern California Los Angeles, CA | $3,066,458 | $6,710,660 |
Native Americans For Community Action Inc Flagstaff, AZ | $2,211,186 | $4,699,119 |
Goleta Valley Professional Buildings Inc Santa Barbara, CA | $81,871,698 | $6,106,755 |
Foothill Ranch Maintenance Corporation Irvine, CA | $4,664,347 | $2,885,471 |
Benevolent & Protective Order Of Elks Of The Usa Honolulu, HI | $14,685,215 | $3,307,551 |
Alliance For African Assistance San Diego, CA | $4,342,451 | $2,754,226 |
Kiwanis International Rancho Cucamonga, CA | $652,781 | $2,442,204 |