Housing Lb Inc
Nonprofit profile at a glance
- EIN
- 452839868
- IRS 990-EZ coverage
- 2013–2016
- Forms available
- Form 990-EZ 2016
- Location
- Long Beach, CA, USA
- Phone
- 5624368592
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Housing Support
Reported finances
- Revenue
- $153,565
- Expenses
- $199,465
- Assets
- $3,630
- Liabilities
- $41,219
Source: IRS Form 990-EZ. Selected filing: tax year 2016. Amounts in USD.
Leadership & pay
9 people listed
People named in this filing
- CYNDE SOTO (CHAIR)
- MARY ZENDEJAS (VICE CHAIR)
- SANDY KROLL (Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2016. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To improve, preserve and increase the supply of affordable housing for the well-being of long beach residents through community organizing, policy work and systems change.
What it reported doing in 2016
Anti-Displacement CampaignHousing Long Beach is working to bring community voices into the public process of shaping the Citys Housing Element, an 8-year State-mandated plan that will become the Citys road map to meet the housing needs in the Long Beach. The HLB Steering Committee, comprised of residents and allies, has developed a simple community-based platform of four priorities to impact the passage of the Housing Element. This platform includes: a mixed income housing ordinance (wherein a percentage of all new development is affordable); a permanent local source of funds for affordable housing; creation of a rent trust account which allows tenants living in substandard conditions to pay their rent to the City until conditions are fixed, holding landlords accountable and improving the existing stock of housing; identification of sites for affordable housing in quality and safe neighborhoods that have access to transit and other community resources. HLB is building its diverse community base to participate in the Housing Element process by developing new resident leadership through neighborhood organizing committees in the most impacted areas of the city (West, Central and North Long Beach). We have specific outreach to our unique Cambodian community (the largest outside of Cambodia), Latino and African-American communities and are creating opportunities for leadership development for engagement in the campaign through civic engagement activities, i.e. trainings, legislative visits, policy hearings, community meetings, etc.The Housing Element campaign is an ongoing program and will continue to be a part of HLBs programs as we work to implement the programs and policies secured within the HE.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 90
- Transparency & Controls: 100
- Sustainability: 5
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 98.6%; rating input score 99
- Program expense ratio: 75.9%; rating input score 76
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -29.9%; rating input score 4; 4th percentile among comparable filings
- Total-asset coverage ratio: 0.02; rating input score 3; 3rd percentile among comparable filings
- Liabilities to assets ratio: 11.36; rating input score 1; 1st percentile among comparable filings
- Officer compensation ratio: 26.3%; rating input score 14; 14th percentile among comparable filings
Growth
- Program expense growth: -3% per year; rating input score 0; 24th percentile among comparable filings
- Revenue growth: -4.2% per year; rating input score 0; 14th percentile among comparable filings
- Asset growth: -38% per year; rating input score 0; 3rd percentile among comparable filings
Details
- Where the money goes: 98.6% of revenue deployed · 75.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 6 filed program accomplishments · $151K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 4 filed schedules
- Filing history: 4 filing years from 2013 to 2016
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 4/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 3/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 1/100.
- High — Sustainability: Officer compensation ratio scored 14/100.