Downtown Los Angeles Property Owners Association
- Assets
- $2.1m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 10
- Location
- Los Angeles, CA
- Founding
- 04/1994
- Data as of
- 12/2021
- EIN
- 95-4436255
Organization Overview
Downtown Los Angeles Property Owners Association is located in Los Angeles, CA. The organization was established in 1994. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Downtown Los Angeles Property Owners Association employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Los Angeles Property Owners Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Downtown Los Angeles Property Owners Association generated $6.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $6.3m during the year ending 12/2021. While expenses have increased by 6.3% 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
THE ORGANIZATION IS A BUSINESS IMPROVEMENT DISTRICT DEDICATED TO HELP THE COMMUNITY (THE LA FASHION DISTRICT) TO BE A CLEAN, SAFE AND FRIENDLY PLACE TO WORK, SHOP, LIVE AND DO BUSINESS THROUGH CLEANING, SAFETY AND MARKETING PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLEAN PROGRAMS: REMOVED 2,149 TONS OF TRASH / REMOVED 8,527 GRAFITTI TAGS AND STICKERS / REMOVED 979 BULKY ITEMS / PRESSURE-WASHED 18 MILLION SQUARE FEET OF SIDEWALK / CLEAN UP 1,191 FECES / REMOVED 636 NEEDLES.
SAFE PROGRAMS: PERFORMED 103,242 LOCATIONS CHECKS / PERFORMED 25,037 TO ASSIST VISITORS AND MERCHANTS / PERFORMED 3,679 WELFARE CHECKS / PERFORMED 2,823 RESPONSES TO DISORDERLY CONDUCT / PERFORMED 273 RESPONSES TO FIRES IN THE DISTRICT.
MARKETING AND ECONOMIC DEVELOPMENT PROGRAMS: THE BID PROMOTED THE LA FASHION DISTRICT AND KEPT STAKEHOLDERS INFORMED THROUGH 1) SOCIAL MEDIA AND BLOG POSTS 2) WEBSITE 3) E-NEWSLETTERS, QUARTERLY TREND REPORS AND AN ANNUAL MEETING AND REPORT / THE BID CREATED AND DEBUTED SEVERAL ECONOMIC DEVELOPMENT PROGRAMS IN 2021 TO AID SMALL BUSINESSES AND PROPERTY OWNERS IMPACTED BY THE COVID-19 PANDEMIC. A TOTAL OF $44,728 WAS ISSUED THROUGH PROGRAMS RANGING FROM MATCHING GRANTS FOR FACADE IMPROVEMENTS TO FUNDING CREATIVE SERVICES FOR BUSINESSES. / THE BID COMPLETED THESE SPECIAL PROJECTS: SUMMER PARKLET SERIES, WHERE DO WE GO FROM HERE? ART EXHIBIT, AND BROADWAY WINTER WONDERLAND. / THE BID STARTED PROVIDING VISITOR INFORMATION OBTAINED THROUGH PLACER.AI.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Rodriguez Ops Dir/int Ed | Officer | 40 | $149,567 |
Rena M Leddy Former E.d. | Officer | 40 | $141,110 |
Lisa Korbatov Treasurer | OfficerTrustee | 1 | $0 |
David Foley Chair | OfficerTrustee | 1 | $0 |
Tyler Neman Secretary | OfficerTrustee | 1 | $0 |
Lurie Sale Vice Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allied Universal Security Services Safety | 12/30/21 | $1,205,536 |
Chrysalis Enterprises Cleaning | 12/30/21 | $1,766,621 |
Streetplus Company Llc Cleaning | 12/30/21 | $257,862 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $124,511 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $124,511 |
| Total Program Service Revenue | $6,229,410 |
| Investment income | $1,222 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $6,364,059 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,000 |
| Grants and other assistance to domestic individuals. | $38,728 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $311,784 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $436,956 |
| Pension plan accruals and contributions | $12,342 |
| Other employee benefits | $49,453 |
| Payroll taxes | $57,064 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $94,885 |
| Fees for services: Accounting | $11,860 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $60,306 |
| Office expenses | $46,643 |
| Information technology | $76,401 |
| Royalties | $0 |
| Occupancy | $174,662 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,061 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $137,642 |
| Insurance | $122,561 |
| All other expenses | $26,694 |
| Total functional expenses | $6,296,172 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $125,734 |
| Savings and temporary cash investments | $1,325,074 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $140,233 |
| 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 | $94,906 |
| Net Land, buildings, and equipment | $422,177 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,108,124 |
| Accounts payable and accrued expenses | $241,169 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,522 |
| Total liabilities | $264,691 |
| Net assets without donor restrictions | $1,843,433 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,108,124 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rancho Mission Viejo Master Maintenance Corporation Irvine, CA | $7,819,802 | $13,243,301 |
Talega Maintenance Corporation Irvine, CA | $18,261,600 | $10,092,285 |
Sunriver Owners Association Sunriver, OR | $34,928,405 | $11,186,087 |
Aliso Viejo Community Association Aliso Viejo, CA | $20,603,634 | $8,715,124 |
Sun City Roseville Community Association Inc Roseville, CA | $48,765,899 | $12,073,404 |
Mililani Town Association Mililani, HI | $29,321,286 | $8,505,958 |
Summerlin South Community Association Las Vegas, NV | $6,398,781 | $8,171,493 |
Bear Valley Springs Association Tehachapi, CA | $8,163,399 | $7,448,975 |
Dc Ranch Association Inc Scottsdale, AZ | $11,452,331 | $8,727,546 |
Hollywood Property Owners Alliance Hollywood, CA | $2,055,507 | $7,517,501 |
Tahoe Keys Property Owners Association South Lake Tahoe, CA | $11,789,657 | $8,910,347 |
Johnson Ranch Community Association Inc Scottsdale, AZ | $8,421,000 | $6,968,596 |