Overview
What is 4277 South Western Llc?
4277 South Western Llc is a limited liability company that plays a significant role in supporting nonprofits in the provision of quality early childhood education in a low-income community in South Los Angeles. They achieve this by leasing their building to a childcare operator at a below-market lease rate. One such nonprofit, Children's Institute Inc. (CII), uses this space to offer comprehensive early care and education programs for pregnant women, children from six weeks to five years of age, and their families. CII is a multi-service organization that addresses the needs of children and families healing from the effects of family and community violence in Los Angeles's most challenged neighborhoods. They provide various forms of trauma support, including therapy, intervention services, parenting workshops, early childcare programs, and other support services in English, Spanish, and Korean. The goal is to promote the optimal development of children and strengthen effective parenting skills, serving low-income at-risk families.
Is 4277 South Western Llc legitimate?
4277 South Western Llc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 4277 South Western Llc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of 4277 South Western Llc?
4277 South Western Llc's mission is to aid in providing quality early childhood education in a low-income community, specifically in South Los Angeles. They achieve this by leasing their building to a childcare operator at a below-market rate. This action supports charitable activities and projects in the public interest, as most government-supported childcare programs do not allow operators to use program fees for mortgage payments. Consequently, operators must find rental space that can be modified and licensed for Head Start or other childcare programs. By using its assets to acquire and lease the building to a childcare operator, 4277 South Western Llc is contributing to the alleviation of poverty, dependency, chronic unemployment, and underemployment in Southern California. The organization also aims to reduce rising community tensions and social and economic disadvantage by providing a suitable space for early childhood education.
Who is the CEO of 4277 South Western Llc?
Samuel Hughes is the Sole Member of 4277 South Western Llc.
What is the revenue of 4277 South Western Llc?
4277 South Western Llc's revenue in 2022 was $117,090.
Who are the executives of 4277 South Western Llc and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for 4277 South Western Llc?
4277 South Western Llc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 4277 South Western Llc
4277 South Western Llc, a Limited Liability Company, is committed to aiding nonprofit organizations in providing high-quality early childhood education in a low-income community in South Los Angeles. The organization achieves this by leasing its building to a childcare operator at a below-market lease rate. This support allows charitable organizations to focus on their primary mission of educating children, rather than being burdened by exorbitant rental costs.
The specific purpose of 4277 South Western Llc is to make quality early childhood education accessible in underserved communities. Many government-supported childcare programs prohibit operators from using program fees for mortgage payments, making it challenging to secure affordable rental spaces. By using its assets to acquire and lease the building to the childcare operator at a reduced rate, 4277 South Western Llc is actively engaging in, assisting, supporting, and contributing to charitable activities and projects in the public interest for a public purpose. This initiative is expected to improve the socio-economic conditions in the community by ameliorating poverty, dependency, chronic unemployment, underemployment, rising community tensions, and social and economic disadvantage in Southern California.
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Impact
October, 2024
4277 South Western LLC plays a crucial role in enhancing early childhood education for low-income communities in South Los Angeles. By leasing its property to childcare operators, specifically at below market rates, it significantly reduces financial barriers that often hinder the establishment and sustainability of quality educational programs in underserved areas.
This strategy facilitates the presence of organizations like the Children's Institute Inc. (CII) at its location, which provides comprehensive early care and education programs for at-risk families. These programs address not only educational needs but also support critical services such as trauma therapy and effective parenting workshops, thereby fostering overall family well-being.
Through its efforts, 4277 South Western LLC contributes to alleviating poverty, dependency, and unemployment in the region. By making essential educational resources accessible, it empowers families and children, promoting their optimal development and long-term success. The impact of this LLC extends far beyond immediate educational offerings; it aids in building a healthier, more resilient community, addressing systemic challenges faced by many families in this area.
This information is meant to be a general summary of 4277 South Western Llc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $38
- Program Service Revenue: $117,052
- Gross Receipts: $117,090
Assets and Liabilities:
- Total Assets: $1,180,111
- Total Liabilities: $382,927
- Net Assets: $797,184
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BELOW MARTKET LEASE
Revenue
$117,052
Organization Details
Founding Year
2010
Phone
(310) 537-4610Principal Officer
Samuel Hughes
Main Address
2600 INDUSTRY WAY, LYNWOOD, CA, 90262
NTEE Category
Code: P33 - Human services
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