Overview
What is East La Community Corporation?
East La Community Corporation, based in LOS ANGELES, California, is a nonprofit organization that champions economic and social justice in Boyle Heights and East Los Angeles. Their primary activities involve advocating for low and moderate-income families. They offer free tax return preparation through VITA, conduct financial education workshops, and organize lending circles for credit building. Additionally, they provide homebuyer education and counseling to prepare future homeowners, offering one-on-one pre-purchase guidance. Their mission encompasses building grassroots leadership, developing affordable housing, and fostering neighborhood assets, along with providing access to economic development opportunities. With a workforce of 32 individuals, East La Community Corporation is dedicated to uplifting the community in various aspects.
Official website here: www.elacc.org
Is East La Community Corporation legitimate?
East La Community Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. East La Community Corporation 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.
Here are some key statistics you may want to consider:
Executive Compensation: $357,266
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,612,650
For more financial information, click here
What is the mission statement of East La Community Corporation?
The East La Community Corporation advocates for economic and social justice by fostering grassroots leadership, developing affordable housing, and creating neighborhood assets. Additionally, they provide opportunities for economic development to low and moderate-income families. Their initiatives include offering free tax return preparation services through VITA, organizing financial education workshops and financial coaching sessions, establishing lending circles for credit building, and providing homebuyer education and counseling to prepare future homeowners. The organization aims to empower these families and improve their financial literacy and homeownership prospects.
Official website here: www.elacc.org
Who is the CEO of East La Community Corporation?
Monica Mejia is the President & Ceo of East La Community Corporation. The CEO's salary of East La Community Corporation is $185,000 and their total compensation is $199,882.
Official website here: www.elacc.org
What is the revenue of East La Community Corporation?
East La Community Corporation's revenue in 2022 was $4,462,468.
Official website here: www.elacc.org
Who are the executives of East La Community Corporation and what are their salaries?
The average compensation at East La Community Corporation during 2022 was $61,560. There are 32 employees and 50 volunteers at East La Community Corporation.
Here are 13 key members and their salaries (East La Community Corporation's CEO's salary is $185,000 and their total compensation is $199,882):
- Monica Mejia (President & Ceo)
- Jacqueline Figueroa (Director Of Real Estate Development)
- Adalia Rodriguez (Vp Of Human Capital & Coo)
- Ilan Slovin (Director Of Finance)
- Matilde Soto Lopez (Senior Asset Manager)
- Aaron Elster (Board Member) [Trustee/Director]
- Araceli Sandoval (Chair) [Trustee/Director]
- Arnoldo Ulloa (Board Member) [Trustee/Director]
- Daniel Rodriguez (Treasurer) [Trustee/Director]
- Manuel Bernal (Vice Chair) [Trustee/Director]
- Mercedes Martin (Secretary) [Trustee/Director]
- Roberto Viramontes (Board Member) [Trustee/Director]
- Sarah Yun (Board Member) [Trustee/Director]
Official website here: www.elacc.org
Where can I find the form 990 for East La Community Corporation?
The East La Community Corporation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.elacc.org
Learn more at the official website: www.elacc.org
Mission Statement of East La Community Corporation
East La Community Corporation, or ELACC, is an organization committed to advocating for economic and social justice in underserved communities in Boyle Heights and East Los Angeles. Their mission is twofold: firstly, they strive to build grassroots leadership within these communities, and secondly, they aim to develop affordable housing and neighborhood assets while providing access to economic development opportunities for low and moderate-income families.
ELACC's mission is carried out through various programs and initiatives. One of their key efforts is to empower low-income households by offering free tax return preparation services through VITA (Volunteer Income Tax Assistance). They also conduct financial education workshops and provide financial coaching to help individuals improve their financial literacy. Furthermore, ELACC organizes lending circles and a credit building program to help low-income families establish and strengthen their creditworthiness.
In addition to these financial empowerment programs, ELACC also invests in housing and community development. They offer homebuyer education and counseling to prepare future homeowners for the homebuying process, providing one-on-one pre-purchase counseling to ensure that individuals can make informed decisions about their home purchases.
In essence, East La Community Corporation's mission is to uplift and empower underserved communities in Boyle Heights and East Los Angeles by providing financial education, affordable housing opportunities, and access to economic development resources. Their goal is to foster economic and social justice, enabling low and moderate-income families to build a better future for themselves and their communities.
Impact
This information is meant to be a general summary of East La Community Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Sunday, July 21, 2024
East LA Community Corporation's impact can be seen in the transformation of Boyle Heights and East Los Angeles through its advocacy for economic and social justice. By building grassroots leadership, developing affordable housing and neighborhood assets, and providing access to economic development opportunities for low and moderate-income families, ELACC is creating a more equitable and thriving community. Additionally, their initiatives such as offering free tax return preparation, financial education workshops, and homebuyer education and counseling empower individuals to improve their financial well-being and build a stable future. ELACC's work is integral to promoting community wealth and creating a better future for residents in these neighborhoods.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEES
Revenue
$1,337,586
NET RENTAL REVENUE
Revenue
$1,010,766
MANAGEMENT FEES
Revenue
$173,809
RELATED PARTY INTEREST
Revenue
$147,429
TENANT SERVICE FEES
Revenue
$124,192
Organization Details
Founding Year
1995
Phone
(323) 269-4214
Principal Officer
Monica Mejia
Main Address
2917 EAST 1ST STREET 101, LOS ANGELES, CA, 90033
Website
www.elacc.org
NTEE Category
Code: L210 - Housing
If you are a representative of East La Community Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.