Hollywood Community Housing Corp.
EIN: 95-4198215
Programs and results
Reports and documents
Download annual reportsWhat we aim to solve
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
Affordable Housing
HCHC’s core programs include affordable housing, supportive housing, and supportive services for residents. Residents of HCHC properties have extremely low- to low-incomes, typically earning below 60% of the area median income (AMI). Over 30% of HCHC’s housing units are designated for special needs individuals and their families, those disabled by HIV/AIDS, chronically homeless and/or persons living with co-occurring and multiple conditions.
Supportive Services
HCHC’s Supportive Services program provides care coordination, referral and linkages to resources, group/individual therapy, crisis intervention, a food pantry, ESL classes, GED instruction, life-skills classes, credit counseling and other financial literacy courses. HCHC’s food pantry is open twice a week to HCHC residents and the community at large and provides 300 households, comprised of nearly 800 individuals, with food staples, meat and vegetables every month. HCHC’s Books, Backpacks and Bright Futures program is dedicated to providing educational enrichment programs that support the academic success and nurture a love of learning for the children of HCHC. Partnerships with community organizations bring additional services such as afterschool programs, youth mentoring and college awareness for families. A partnership with the Hollywood Boys and Girls Club provides free access to after school and summer programs for children who live in HCHC apartments. HCHC provides free office space to Visionary Youth Center, a non-profit organization that provides homework tutoring and college workshops to youth who reside in the HCHC buildings and in the community.
Where we work
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Financials
Financial documents
Download audited financialsRevenue vs. expenses: breakdown
Liquidity in 2021 info
0.09
Months of cash in 2021 info
10.5
Fringe rate in 2021 info
15%
Funding sources info
Assets & liabilities info
Hollywood Community Housing Corp.
Revenue & expensesFiscal Year: Jan 01 - Dec 31
SOURCE: IRS Form 990
Hollywood Community Housing Corp.
Balance sheetFiscal Year: Jan 01 - Dec 31
SOURCE: IRS Form 990
The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.
Fiscal Year: Jan 01 - Dec 31
SOURCE: IRS Form 990
This snapshot of Hollywood Community Housing Corp.’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.
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Business model indicators
Profitability info | 2017 | 2018 | 2019 | 2020 | 2021 |
---|---|---|---|---|---|
Unrestricted surplus (deficit) before depreciation | $2,833,088 | $4,784,017 | $6,922,570 | $3,204,913 | -$8,964,753 |
As % of expenses | 101.6% | 189.5% | 252.8% | 106.6% | -114.4% |
Unrestricted surplus (deficit) after depreciation | $2,649,115 | $4,636,054 | $6,782,319 | $3,088,274 | -$10,537,351 |
As % of expenses | 89.1% | 173.5% | 235.6% | 98.9% | -112.0% |
Revenue composition info | |||||
---|---|---|---|---|---|
Total revenue (unrestricted & restricted) | $5,343,227 | $7,233,008 | $6,126,159 | $6,232,161 | $9,106,677 |
Total revenue, % change over prior year | 71.4% | 35.4% | -15.3% | 1.7% | 46.1% |
Program services revenue | 40.3% | 78.9% | 79.8% | 80.7% | 85.1% |
Membership dues | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Investment income | 0.0% | 0.0% | 0.1% | 0.6% | 1.2% |
Government grants | 47.4% | 3.7% | 15.1% | 4.9% | 8.2% |
All other grants and contributions | 10.6% | 11.7% | 4.2% | 11.7% | 5.1% |
Other revenue | 1.8% | 5.8% | 0.8% | 2.1% | 0.4% |
Expense composition info | |||||
---|---|---|---|---|---|
Total expenses before depreciation | $2,788,432 | $2,524,190 | $2,738,454 | $3,006,816 | $7,834,075 |
Total expenses, % change over prior year | 6.4% | -9.5% | 8.5% | 9.8% | 160.5% |
Personnel | 59.0% | 70.4% | 67.3% | 68.4% | 39.0% |
Professional fees | 10.5% | 2.8% | 2.7% | 6.9% | 11.1% |
Occupancy | 0.0% | 4.6% | 3.7% | 1.4% | 40.5% |
Interest | 2.5% | 1.7% | 3.1% | 5.1% | 0.5% |
Pass-through | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
All other expenses | 28.0% | 20.6% | 23.1% | 18.1% | 8.9% |
Full cost components (estimated) info | 2017 | 2018 | 2019 | 2020 | 2021 |
---|---|---|---|---|---|
Total expenses (after depreciation) | $2,972,405 | $2,672,153 | $2,878,705 | $3,123,455 | $9,406,673 |
One month of savings | $232,369 | $210,349 | $228,205 | $250,568 | $652,840 |
Debt principal payment | $0 | $1,074,761 | $0 | $0 | $0 |
Fixed asset additions | $1,395,856 | $3,947,389 | $3,355,886 | $1,616,327 | $40,507,360 |
Total full costs (estimated) | $4,600,630 | $7,904,652 | $6,462,796 | $4,990,350 | $50,566,873 |
Capital structure indicators
Liquidity info | 2017 | 2018 | 2019 | 2020 | 2021 |
---|---|---|---|---|---|
Months of cash | 12.8 | 9.3 | 22.8 | 14.8 | 10.5 |
Months of cash and investments | 12.8 | 9.3 | 22.8 | 14.8 | 15.8 |
Months of estimated liquid unrestricted net assets | 27.2 | 52.1 | 77.8 | 83.1 | 15.8 |
Balance sheet composition info | 2017 | 2018 | 2019 | 2020 | 2021 |
---|---|---|---|---|---|
Cash | $2,984,117 | $1,965,328 | $5,197,694 | $3,714,852 | $6,843,417 |
Investments | $0 | $0 | $0 | $0 | $3,479,850 |
Receivables | $507,298 | $379,127 | $12,785,137 | $12,697,603 | $12,834,072 |
Gross land, buildings, equipment (LBE) | $6,986,983 | $10,955,928 | $13,861,687 | $15,476,242 | $87,862,782 |
Accumulated depreciation (as a % of LBE) | 28.0% | 19.4% | 13.1% | 12.5% | 40.3% |
Liabilities (as a % of assets) | 72.6% | 59.5% | 51.5% | 48.0% | 88.1% |
Unrestricted net assets | $6,327,434 | $10,963,488 | $17,745,807 | $20,834,081 | $10,296,730 |
Temporarily restricted net assets | $355,173 | $463,218 | N/A | N/A | N/A |
Permanently restricted net assets | $0 | $0 | N/A | N/A | N/A |
Total restricted net assets | $355,173 | $463,218 | $64,568 | $85,000 | $145,000 |
Total net assets | $6,682,607 | $11,426,706 | $17,810,375 | $20,919,081 | $10,441,730 |
Key data checks
Key data checks info | 2017 | 2018 | 2019 | 2020 | 2021 |
---|---|---|---|---|---|
Material data errors | No | No | No | No | No |
Operations
The people, governance practices, and partners that make the organization tick.
Documents
Executive Director
Sarah Letts
Number of employees
Source: IRS Form 990
Hollywood Community Housing Corp.
Officers, directors, trustees, and key employeesSOURCE: IRS Form 990
Compensation data
Hollywood Community Housing Corp.
Highest paid employeesSOURCE: IRS Form 990
Compensation data
Hollywood Community Housing Corp.
Board of directorsas of 03/29/2023
Board of directors data
Father Michael Gutierrez
St. John the Baptist Church
Nisha Vyas
Western Center on Law & Poverty
Rocky Collis
Acceleron Law Group
Rayne Laborde Ruiz
cityLAB UCLA
Elena Frias
Esperanza Community Housing
Lynn Hansen
Aeris Insight
Cynthia Phung
Unibail-Rodamco-Westfield
Organizational demographics
Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.
Leadership
The organization's leader identifies as:
Race & ethnicity
Gender identity
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No data
Disability
No data