2024-11-13T15:48:02-06:00 2023-12-31 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2023-01-01 954200761 VENICE COMMUNITY HOUSING CORPORATION VENI 3103994100 200 LINCOLN BLVD VENICE CA 90291 BECKY DENNISON EXECUTIVE DIRECTOR 3103994100 2024-11-12 1 0 JACOB A SOWERS P01712829 3178485700 2023 2024-10-15 13:58:12Z BECKY DENNISON 200 LINCOLN BLVD VENICE CA 90291 16512379 0 X WWW.VCHCORP.ORG X 1988 CA LOW-INCOME HOUSING DEVELOPMENT AND MANAGEMENT. SOCIAL SERVICES, JOB TRAINING AND EDUCATION FOR AT RISK YOUTH AND LOW INCOME CONSTITUENTS. 16 16 74 50 0 0 6500030 14207733 1860958 1872586 20491 63054 22017 369006 8403496 16512379 0 0 0 0 3495608 3955586 0 0 542708 4934588 8909695 8430196 12865281 -26700 3647098 95071919 125570135 84884134 111180686 10187785 14389449 VENICE COMMUNITY HOUSING SUPPORTS AND BUILDS EQUITABLE AND INCLUSIVE COMMUNITIES BY PROVIDING AFFORDABLE HOUSING WITH SUPPORTIVE SERVICES, EDUCATION, EMPLOYMENT PROGRAMS, AND PUBLIC POLICY ADVOCACY THAT ADVANCES RACIAL AND ECONOMIC JUSTICE. 0 0 8083222 2241592 AFFORDABLE HOUSING:VCHC CURRENTLY OWNS AND OPERATES 275 UNITS OF AFFORDABLE AND SUPPORTIVE HOUSING IN 17 PROPERTIES AND OPERATES AN ADDITIONAL 28 UNITS OF SHORT-TERM HOUSING FOR FAMILIES AND TRANSITION AGED YOUTH EXPERIENCING HOMELESSNESS. VCHC PROVIDES THE PROPERTY MANAGEMENT AND MAINTENANCE SERVICES FOR ALL PROPERTIES, AND WORKS TO PRESERVE AND EXPAND HOUSING OPPORTUNITIES THROUGH NEW CONSTRUCTION AND REHABILITATION OPPORTUNITIES. 2418430 RESIDENT SERVICES:VCHC PROVIDES TRAUMA-INFORMED RESOURCES AND SUPPORTS THAT TENANTS AND PROGRAM PARTICIPANTS NEED TO SECURE AND MAINTAIN HOUSING, IMPROVE HEALTH, ENHANCE EDUCATION, AND THRIVE IN THEIR COMMUNITIES. SERVICES AND RESOURCES INCLUDE ONE-ON-ONE CASE MANAGEMENT AND COUNSELING, HEALTH AND MENTAL HEALTH SUPPORTS, FOOD AND TRANSPORTATIONASSISTANCE, AND MANY MORE. 1113137 YOUTH DEVELOPMENT PROGRAMS:VCHC PROVIDES COMPREHENSIVE EDUCATIONAL, JOB TRAINING AND LEADERSHIP DEVELOPMENT OPPORTUNITIES FOR YOUTH AGES 18 - 24, INCLUDING AN ON-SITE HIGH SCHOOL. VCHC'S STUDY LOUNGE PROGRAM PROVIDES ACADEMIC-FOCUSED AFTER SCHOOL ACTIVITIES INCLUDING TUTORING, MENTORING, AND RECREATION FOR CHILDREN AGES 6-12. 11614789 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 28 0 1 74 0 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X X BECKY DENNISON 3103994100 200 LINCOLN BLVD VENICE CA 90291 SOPHIA GUEL-VALENZUELA DIRECTOR 0.27 0.00 X 0 0 0 SYLVIA AROTH TREASURER 0.50 0.00 X X 0 0 0 MICHELLE GROISMAN CO-CHAIRPERSON 0.50 0.00 X X 0 0 0 THERESA HWANG DIRECTOR 0.27 0.00 X 0 0 0 DANIEL JOHNSON DIRECTOR 0.27 0.00 X 0 0 0 MARIE KENNEDY DIRECTOR 0.27 0.00 X 0 0 0 JEFFREY LEVINE DIRECTOR 0.27 0.00 X 0 0 0 BARBARA MILLIKEN DIRECTOR 0.27 0.00 X 0 0 0 MIKE SUHD DIRECTOR 0.27 0.00 X 0 0 0 CATHERINE SWEETSER DIRECTOR 0.27 0.00 X 0 0 0 MARTHA CHERESH DIRECTOR 0.27 0.00 X 0 0 0 STEVE DIAZ SECRETARY 0.50 0.00 X X 0 0 0 JONAH KATENDE DIRECTOR 0.27 0.00 X 0 0 0 MIKE LINDLEY DIRECTOR 0.27 0.00 X 0 0 0 FRANCES SEGURA DIRECTOR 0.27 0.00 X 0 0 0 MICHEL DORY CO-CHAIRPERSON 0.27 0.00 X X 0 0 0 MOTIQUE ALSTON DIRECTOR 0.27 0.00 X 0 0 0 ANNA BAUTISTA DIRECTOR 0.27 0.00 X 0 0 0 LANEE BURNS DIRECTOR 0.27 0.00 X 0 0 0 MIKE DENNIS DIRECTOR 0.27 0.00 X 0 0 0 SHYANN MURPHY DIRECTOR 0.27 0.00 X 0 0 0 JOMO RADCLIFF DIRECTOR 0.27 0.00 X 0 0 0 YASMIN TONG DIRECTOR 0.27 0.00 X 0 0 0 BECKY DENNISON EXECUITVE DIRECTOR 40.00 0.00 X 106054 0 5525 ALLISON RILEY SR DIR HSG DEVL 40.00 0.00 X 139128 0 15373 ERIKA LEE DEPUTY DIRECTOR 40.00 0.00 X 114450 0 6500 YANNIS OLIVER DIRECTOR OF FINANCE 40.00 0.00 X 107873 0 5200 467505 0 32598 4 0 1 0 DREYFUSS CONSTRUCTION 5616 CORRYNE PLACE CULVER CITY CA 90230 GENERAL CONTRACTING AND CONSTRUCTION MAN 10274373 PEREA CONSTRUCTION 19197 GOLDEN VALLEY 548 SANTA CLARITA CA 91387 ACQUISTION, MANAGEMENT, PRESERVATION/CON 419621 KFA LLP 3573 HAYDEN AVENUE CULVER CITY CA 90232 ARCHITECTURE, DESIGN AND MASTER PLANNING 341772 RDC-S111 INC PO BOX 22027 LONG BEACH CA 90801 ARCHITECTURE, PLANNING AND INTERIOR DESI 147723 MARMS CONSTRUCTION COMPANY INC 11224 MITONY AVE WHITTIER CA 90605 GENERAL CONTRACTING AND CONSTRUCTION MAN 137590 5 5721485 3367993 5118255 3148360 14207733 RENTAL INCOME 531110 1872586 1872586 1872586 63054 63054 EMPLOYEE RETENTION CREDIT 531110 198096 198096 MISCELLANEOUS REVENUE 531110 134174 134174 PROPERTY TAX REFUNDS 531110 36736 36736 369006 16512379 2241592 0 63054 3279164 2443190 602105 233869 402888 402888 273534 273534 3326287 3311435 2913 11939 198872 198872 61876 1719 26 60131 348721 299303 22424 26994 501154 495290 682 5182 40171 13331 845 25995 1035042 1035042 1553316 1553316 294523 283967 3122 7434 REPAIR & MAINTENANCE 556513 556513 UTILITIES 367066 366167 899 PROGRAM EXPENSES 323964 256565 67110 289 OTHER FUNDRAISING EXPEN 167319 167319 134871 123657 8557 2657 12865281 11614789 707784 542708 9823310 7520454 3509866 3836782 666277 587867 79168552 12946973 60546877 66221579 250000 0 66199 60284 20209390 47343169 95071919 125570135 2580332 5314120 44436 82645 58568341 77400466 23691025 28383455 84884134 111180686 X 7917148 12056949 2270637 2332500 10187785 14389449 95071919 125570135 X 3647098 554566 X 0 1 X 1 0 X 2689591 3164230 3826631 5030376 14207733 28918561 2689591 3164230 3826631 5030376 14207733 28918561 28918561 4373 3124 5860 20491 63054 96902 190291 369006 559297 29574760 11034683 0.97780 0.98690 X SCHEDULE A, PART II, LINE 10: MISCELLANEOUS INCOME CONSISTS OF OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 355180 529427 884607 1326911 16807 1884 18691 88795 132357 221152 331728 16626 1884 18510 31176907 31176907 46002844 12015254 33987590 19464 19464 846476 615695 230781 1122861 316024 806837 66221579 CONSTRUCTION IN PROCESS 46937551 DEPOSITS 19705 TENANT SECURITY DEPOSITS 250132 PREPAID EXPENSES 135781 47343169 INTEREST PAYABLE 5298726 DEFERRED REVENUE 22875689 RESIDENT SECURITY DEPOSITS 209040 28383455 X PART X, LINE 2: THE ORGANIZATION AND OTHER NONPROFIT ENTITIES CONSOLIDATED IN THESE CONSOLIDATED FINANCIAL STATEMENTS ARE EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. EVEN THOUGH THE ORGANIZATION IS RECOGNIZED AS TAX EXEMPT, IT STILL MAY BE LIABLE FOR TAX ON ITS UNRELATED BUSINESS INCOME (UBI). THE CORPORATION EVALUATES UNCERTAIN TAX POSITIONS THROUGH ITS REVIEW OF THE SOURCES OF INCOME TO IDENTIFY UBI AND CERTAIN OTHER MATTERS, INCLUDING THOSE WHICH MAY AFFECT ITS TAX EXEMPT STATUS. THE EFFECT OF THE UNCERTAINTY WOULD BE RECORDED IF THE OUTCOME WAS CONSIDERED PROBABLE AND REASONABLY ESTIMABLE. AS OF DECEMBER 31, 2023 AND 2022, THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS REQUIRING ACCRUAL. INCOME TAXES ON LIMITED PARTNERSHIPS AND LIMITED LIABILITY COMPANIES ARE INCLUDED IN THE TAX RETURNS OF THE PARTNERS OR MEMBERS. THE FEDERAL TAX STATUS AS A PASS-THROUGH ENTITY IS BASED ON ITS LEGAL STATUS AS A LIMITED PARTNERSHIP OR LIMITED LIABILITY COMPANY. ACCORDINGLY, THE LIMITED PARTNERSHIP OR LIMITED LIABILITY COMPANY IS NOT REQUIRED TO TAKE ANY TAX POSITIONS IN ORDER TO QUALIFY AS A PASSTHROUGH ENTITY, BUT IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE INTERNAL REVENUE SERVICE AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE CONSOLIDATED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES. HOWEVER, THE LIMITED PARTNERSHIPS AND THE LIMITED LIABILITY COMPANIES ARE REQUIRED TO PAY AN $800 FEE TO THE CALIFORNIA FRANCHISE TAX BOARD. THE ORGANIZATION DETERMINED THERE ARE NO TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. GENERALLY, THE FEDERAL AND STATE RETURNS ARE SUBJECT TO EXAMINATION FOR THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED WITH THE APPLICABLE TAX AUTHORITY. THERE ARE NO CURRENT TAX EXAMINATIONS PENDING. X 0 0 0 0 0 0 0 0 0 ALLISON RILEY SR DIR HSG DEVL 139128 0 0 0 0 0 15373 0 0 0 154501 0 0 0 X PRO BONO LEGAL SERVICES 0 3148360 STANDARD RATES 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS COMPLETED ANNUALLY AND REVIEWED BY THE EXECUTIVE DIRECTOR. ONCE ANY NECESSARY CHANGES ARE MADE AND THE EXECUTIVE DIRECTOR IS IN AGREEMENT WITH THE FINAL FORM 990, IT IS SUBMITTED TO THE FINANCE COMMITTEE AND THE ENTIRE BOARD OF DIRECTORS AT A REGULARLY SCHEDULED BOARD MEETING BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C LETTERS REGARDING COMPLIANCE ARE SENT ANNUALLY TO THE MEMBERS OF THE BOARD OF DIRECTORS FOR DISCLOSURE. FORM 990, PART VI, SECTION B, LINE 15 VCHC STAFF PREPARE COMPARABILITY DATA FOR EACH POSITION AND SALARY ANNUALLY. BOARD OF DIRECTORS CONSIDERS THIS WHEN APPROVING THE ANNUAL SALARY OF THE EXECUTIVE DIRECTOR AND REVIEWING THE SALARIES OF OTHER KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS OF VCHC ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: OTHER CHANGES TO NET ASSETS PER AUDIT REPORT 554,566. 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