Esperanza Community Housing Corporation
- Assets
- $19.4m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 33
- Location
- Los Angeles, CA
- Founding
- 07/1994
- Data as of
- 12/2021
- EIN
- 95-4230345
Organization Overview
Esperanza Community Housing Corporation is located in Los Angeles, CA. The organization was established in 1994. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Esperanza Community Housing Corporation employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Esperanza Community Housing Corporation 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, Esperanza Community Housing Corporation generated $3.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $4.8m during the year ending 12/2021. While expenses have increased by 14.6% per year over the past 7 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
ESPERANZA COMMUNITY HOUSING CORPORATION WORKS TO ACHIEVE COMPREHENSIVE AND LONG-TERM COMMUNITY DEVELOPMENT IN THE FIGUEROA CORRIDOR NEIGHBORHOOD OF SOUTH-CENTRAL LOS ANGELES. COMMUNITY RESIDENTS OF ALL AGES AND ETHNICITIES ARE THE FOUNDATION - SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY SERVICES: HEALTH PROGRAMS DEPARTMENT DIRECTS COMMUNITY SERVICES TO ADULTS IN THE AREA OF NUTRITION AND PHYSICAL ACTIVITY EDUCATION, DISASTER PREPAREDNESS AND FIRE SAFETY EDUCATION, SPECIAL NEEDS ADVOCACY AND CASE MANAGEMENT, AND COMMUNITY ENGAGEMENT EFFORTS BY 15 COMMUNITY HEALTH PROMOTERS AND REACHED 7,380 PERSONS WITHIN LOS ANGELES COUNTY. HEALTHY HOMES PROJECT PROVIDES IN HOME BASED HEALTH EDUCATION AND CONDUCTS VISUAL HAZARD ASSESSMENT TO DILAPIDATED HOUSING IN SOUTH LOS ANGELES. THROUGH OUR EFFORTS WE HAVE OUTREACHED TO 474 LOW INCOME FAMILIES AND HAVE ENROLLED OVER 66 FAMILIES IN OUR PROJECT. THE HEALTHY HOMES TEAM CONSIST OF 1 PROJECT MANAGER, 1 COMMUNITY HEALTH PROMOTORS AND 1 DATA ANALYST.PROVIDE IN-HOME HEALTH VISITS TO FAMILIES WHOSE CHILDREN HAVE ASTHMA. EACH FAMILY RECEIVES 3 VISITS WITHIN SIX MONTHS BY A PROMOTORA DE SALUD AND IS PROVIDED INTENSIVE ASTHMA EDUCATION, ASTHMA-MITIGATION MATERIALS AND TOOLS, AN INTEGRATED PEST MANAGEMENT ENVIRONMENTAL ASSESSMENT OF THEIR HOME, AND REFERRALS TO MEDICAL HOME AT A LOCAL FEDERALLY QUALIFIED HEALTH CENTER FOR REGULAR AND CONSISTENT ASTHMA CARE. IN 2021, THE HEALTHY BREATHING PROJECT CONDUCTED 250 HOME VISITS WHILE REACHING OVER 200 INDIVIDUALS THROUGH ASTHMA EDUCATIONAL PRESENTATIONS, TRAININGS, AND COMMUNITY OUTREACH.DURING THE CORONAVIRUS OUTBREAK, ESPERANZA WAS TAKING A LEADER ROLE TO HIRE 7 ADDITIONAL PROMOTERS TO PROVIDE VACCINE HEALTH EDUCATION TO 5,000 LOCAL RESIDENTS.
LOW-INCOME HOUSING AND COMMUNITY DEVELOPMENT: PLANNING DEVELOPMENT, ACQUISITION, COORDINATION OF FINANCING CONSTRUCTION AND MANAGEMENT OF LOW-INCOME HOUSING. THE PROGRAM HAS DEVELOPED AND IS PROVIDING HOUSING FOR 165 LOW-INCOME FAMILIES.
DEVELOPING AND MANAGING A NEIGHBORHOOD MARKETPLACE AND OFFICE BUILDING TO SERVE TENANTS OF SEVEN (7) RESTAURANTS, SIX (6) SHOPS AND NINE (9) OFFICES AS WELL AS A COMMUNITY CONFERENCE ROOM AND DAY TABLE. ADDING JOB OPPORTUNITIES AND PROVIDING TENANTS WITH LOW-COST OPPORTUNITIES TO YIELD SERVICES FOR THE LOW-INCOME COMMUNITY.ORGANIZING SIX ANNUAL ARTS AND CULTURAL FESTIVALS. MANAGING ECONOMIC DEVELOPMENT PROGRAMS TO ENHANCE LOCAL RESIDENTS FINANCIAL SUSTAINABLITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Halpern Ibrahim Executive Dir. | Officer | 41.25 | $128,777 |
Brian Eklund Board Chair | OfficerTrustee | 0.48 | $0 |
Penne Hasson Board Treasurer | OfficerTrustee | 0.6 | $0 |
Nicole Vick Board Secretary | OfficerTrustee | 0.42 | $0 |
Fabiola Montiel-Tellez Director | Trustee | 0.09 | $0 |
John Mcginnis Director | Trustee | 0.92 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $88,672 |
| Related organizations | $0 |
| Government grants | $116,972 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,270,163 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,475,807 |
| Total Program Service Revenue | $1,172,930 |
| Investment income | $65,778 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $12,492 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,727,007 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $128,777 |
| Compensation of current officers, directors, key employees. | $1,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,322,527 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $236,309 |
| Payroll taxes | $125,143 |
| Fees for services: Management | $9,000 |
| Fees for services: Legal | $2,962 |
| Fees for services: Accounting | $83,801 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $108,714 |
| Advertising and promotion | $743 |
| Office expenses | $103,454 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $98,491 |
| Travel | $20,834 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,233 |
| Interest | $323,476 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $417,490 |
| Insurance | $142,105 |
| All other expenses | $159,647 |
| Total functional expenses | $4,825,277 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,151,236 |
| Savings and temporary cash investments | $1,666,876 |
| Pledges and grants receivable | $767,660 |
| Accounts receivable, net | $129,124 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,530,325 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $40,607 |
| Net Land, buildings, and equipment | $8,813,996 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,300,536 |
| Total assets | $19,400,360 |
| Accounts payable and accrued expenses | $493,110 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $10,267,551 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,157,586 |
| Total liabilities | $16,918,247 |
| Net assets without donor restrictions | $1,615,458 |
| Net assets with donor restrictions | $866,655 |
| 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 | $19,400,360 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that Esperanza Community Housing Corporation has recieved totaling $897,223.
| Awarding Organization | Amount |
|---|---|
Broad Foundation Los Angeles, CA PURPOSE: CIVIC AND COMMUNITY - INVESTMENT TO SUPPORT PUBLIC PRIVATE PARTNERSHIPS, CIVIC OR COMMUNITY-BASED CHARITABLE INITIATIVES | $160,000 |
Satterberg Foundation Seattle, WA PURPOSE: GENERAL OPERATING SUPPORT | $125,000 |
The California Endowment Los Angeles, CA PURPOSE: GENERAL OPERATING SUPPORT: TO SUPPORT AN ORGANIZATION EDUCATING, ENGAGING AND MOBILIZING RESIDENTS AROUND THE HEALTH INEQUITIES IMPACTING COMMUNITY HEALTH IN SOUTH LOS ANGELES. | $100,000 |
Saje Los Angeles, CA PURPOSE: PLEASE SEE PART IV | $89,000 |
Roy And Patricia Disney Family Foundation Burbank, CA PURPOSE: GENERAL OPERATING SUPPORT | $75,000 |
The California Endowment Los Angeles, CA PURPOSE: PREVENTING NEGATIVE HEALTH IMPACTS OF DISPLACEMENT THROUGH COORDINATION: TO COORDINATE REGIONAL EFFORTS IN LOS ANGELES COUNTY, INCLUDING LOS ANGELES, LONG BEACH AND INGLEWOOD, TO PREVENT THE HOUSING INSECURITY, DISPLACEMENT AND TRANSPORTATION INEQUITIES THAT IMPACT HEALTH BY CAUSING CHRONIC STRESS, INCREASED AIR POLLUTION AND REDUCED ACCESS TO GREEN SPACE AND OUTDOOR EXERCISE OPPORTUNITIES. | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eden Investments Inc Hayward, CA | $35,016,313 | $30,534,205 |
Turk Street Inc San Francisco, CA | $36,581,577 | $10,576,295 |
A Community Of Friends Los Angeles, CA | $60,441,352 | $19,454,068 |
Oregon Coast Community Action Coos Bay, OR | $16,109,030 | $18,585,692 |
Abode Communities Los Angeles, CA | $48,420,643 | $18,096,266 |
Habitat For Humanity Portland Metro East Portland, OR | $35,667,707 | $17,313,274 |
Vista Del Monte Affordable Housing Inc Keene, CA | $19,598,964 | $14,888,615 |
Rubicon Programs Inc Richmond, CA | $13,905,498 | $18,401,820 |
Sacramento Self-Help Housing Inc Sacramento, CA | $3,575,796 | $15,208,752 |
The Mortgage Capital Development Company Oakland, CA | $77,426,961 | $21,275,511 |
Century Housing Corporation Culver City, CA | $579,661,365 | $33,491,484 |
Oregon Affordable Housing Assistance Corporation Salem, OR | $27,410,918 | $14,226,353 |