SRO Housing Corporation
Legal name: Single Room Occupancy Housing Corporation
Nonprofit profile at a glance
- EIN
- 953909215
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Los Angeles, CA, US
- Phone
- (213) 229-9640
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Housing Development, Construction, Management
Reported finances
- Revenue
- $27,943,940
- Expenses
- $36,614,159
- Assets
- $106,722,033
- Liabilities
- $175,394,301
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- ANITA U NELSON (CHIEF EXECUTIVE OFFICER)
Highest reported compensation
- ANITA U NELSON (CHIEF EXECUTIVE OFFICER): $550,212 total reported compensation
- JOSEPH CORCORAN (DIRECTOR OF PLANNING/HOUSI): $215,799 total reported compensation
- GREGORY SMITH (DIRECTOR OF REAL ESTATE DEVELOPMENT): $194,779 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Building vibrant communities for homeless and low-income individuals in Los Angeles by providing the full continuum of housing—short-term/emergency, transitional, and permanent supportive housing—in private units.
What it reported doing in 2024
Sro housing corporation provides transitional supporting housing and onsite supportive services to homeless veterans in the marshal house . The marshall house has 72 private units of transitional housing and community space for clients; 24 hr security is provided. Supportive services include case management, job training and readiness, free meals, transportation and a wide variety of recreational and socialization activities.
Operating model
- Revenue model
- Earned-program. 90% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 97% 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
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 some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 87
- Accountability: 91
- Sustainability: 30
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 94%; rating input score 94
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -31%; rating input score 3; 3rd percentile among comparable filings
- Total-asset coverage ratio: 2.91; rating input score 74; 74th percentile among comparable filings
- Liabilities to assets ratio: 1.64; rating input score 2; 2nd percentile among comparable filings
- Officer compensation ratio: 4.5%; rating input score 55; 55th percentile among comparable filings
Growth
- Program expense growth: 12.5% per year; rating input score 100; 78th percentile among comparable filings
- Revenue growth: 7.1% per year; rating input score 100; 60th percentile among comparable filings
- Asset growth: 11.4% per year; rating input score 100; 70th percentile among comparable filings
Details
- What they do: 5 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 100% of revenue deployed · 94% of spending went to programs
- Governance: 6 of 6 board members independent · 7 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $34.4M in reported program spending
- Leadership: top reported pay $550K · 13 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 4 contractors listed · $988K reported
- Consistency: 36 of 36 current checks pass
- Schedules: 8 filed schedules · includes major donors, grants, and executive pay
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- Related organizations: 19 filed related-organization links
- 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 3/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Sustainability: Liabilities to assets ratio scored 2/100.
- Review — Sustainability: Officer compensation ratio scored 55/100.