Affordable Living Choices Trust
- Assets
- $4.6m
- Revenue
- $129.6k
- Investments
- $1.1m
- Employees
- 0
- Location
- Sherman Oaks, CA
- Founding
- 10/2005
- Data as of
- 12/2021
- EIN
- 95-4021661
Organization Overview
Affordable Living Choices Trust is located in Sherman Oaks, CA. The organization was established in 2005. According to its NTEE Classification (L80) the organization is classified as: Housing Support, 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. Affordable Living Choices Trust 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 12/2021, Affordable Living Choices Trust generated $129.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.6%) each year. All expenses for the organization totaled $441.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Affordable Living Choices Trust has awarded 66 individual grants totaling $1,464,543. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFFORDABLE LIVING CHOICES TRUST DOES NOT ENGAGE IN PRIMARY PROGRAMMING. IT FUNDS GRANTS TO ALREADY EXISTING SECTION 501 (C) (3) NON PROFITS. THE MAJOR RECIPIENTS THIS YEAR WERE AMERICAN FRIENDS OF BETH HATEFUTSO, CHABAD OF CA, JEWISH FEDERATION OF VENTURA, JUNIOR DIABETES FOUNDATION AND SCRIPPS HEALTH FOUNDATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel S Aaronson Trustee | 0 | $115,000 | |
Patricia M Green Trustee | 0 | $60,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $24 |
| Dividends & Interest | $61,348 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$140,001 |
| Capital Gain Net Income | $4,508 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $208,225 |
| Total Revenue | $129,596 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $175,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $16,576 |
| Interest | $11,034 |
| Taxes | $1,000 |
| Depreciation | $0 |
| Occupancy | $8,800 |
| Travel, conferences, and meetings | $5,466 |
| Printing and publications | $0 |
| Other expenses | $8,735 |
| Total operating and administrative expenses | $226,611 |
| Contributions, gifts, grants paid | $214,740 |
| Total expenses and disbursements | $441,351 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $266,274 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $596,251 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,591,473 |
| Total assets | $4,556,295 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $300,372 |
| Total liabilities | $300,372 |
Grants Awarded
Over the last fiscal year, Affordable Living Choices Trust has awarded $214,740 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
SCRIPPS HEALTH PURPOSE: HEALTH ISSUES | $75,006 |
Ojai, CA PURPOSE: JEWISH AWARENESS | $40,850 |
AM FD OF BEIT HATFUTSOT PURPOSE: MUSEUM OF JEWISH PEOPLE | $36,000 |
Ventura, CA PURPOSE: JEWISH AWARENESS | $26,560 |
JDRF PURPOSE: DIABETES RESEARCH | $20,016 |
BIZCHUT-ISRAEL GIVES PURPOSE: LIVING WITH DISABILITIES | $9,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Viamonte Senior Living San Francisco, CA | $242,110,392 | $7,634,323 |
Charles Apartments Housing Corporation Hayward, CA | $0 | $319,066 |
Satellite Affordable Housing Associates Berkeley, CA | $83,294,736 | $13,591,508 |
Rhf Foundation Long Beach, CA | $215,917,223 | $14,903,975 |
Sheltercare Eugene, OR | $4,357,138 | $9,135,740 |
Midpen Resident Services Corporation Foster City, CA | $3,702,334 | $11,407,168 |
Bridge Property Management Company San Francisco, CA | $1,233,636 | $9,360,308 |
Burbank Housing Corporation Burbank, CA | $47,643,861 | $6,370,585 |
Habitat For Humanity San Fernando/Santa Clarita Valleys Woodland Hills, CA | $1 | $4,168,206 |
Do Good Multnomah Portland, OR | $6,858,210 | $9,987,432 |
Satellite Aha Development Inc Berkeley, CA | $17,466,494 | $5,909,155 |
Housing Trust Silicon Valley San Jose, CA | $250,989,111 | $21,448,557 |