Civic Intelligence

Lafh Phase II Qalicb Inc

EIN 81-1830036 • 501(c)3 • North Hollywood, CA

Profile

LOW INCOME HOUSING

7843 Lankershim BlvdNorth Hollywood, CA 91605

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

11th percentile

0.00x

Higher debt load relative to assets than 11% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

54th percentile

0.26x

Higher debt load relative to revenue than 54% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

3rd percentile

-97%

Higher net margin than 3% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

27th percentile

-1.2%

Faster asset growth than 27% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

1st percentile

-99%

Faster revenue growth than 1% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets11th percentile

Assets

Down

$15,685,275

Down $193,877 (-1.2%) from 2023

Liabilities

Up

$59,992

Up $26,820 (+81%) from 2023

Net Assets

Down

$15,625,283

Down $220,697 (-1.4%) from 2023

Operations
Liabilities / Revenue54th percentileNet Margin3rd percentile

Revenue

Down

$227,326

Down $17,550,403 (-99%) from 2023

Expenses

Down

$448,023

Down $291,484 (-39%) from 2023

Net Income

Down

-$220,697

Down $17,258,919 (-101%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth27th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$10M$0-$10MAssets 2016: $18,239,285Liabilities 2016: $18,096,523Net Assets 2016: $142,7622016Assets 2017: $16,831,207Liabilities 2017: $18,886,117Net Assets 2017: -$2,054,9102017Assets 2018: $16,928,419Liabilities 2018: $18,285,855Net Assets 2018: -$1,357,4362018Assets 2019: $18,374,566Liabilities 2019: $18,251,830Net Assets 2019: $122,7362019Assets 2020: $18,092,695Liabilities 2020: $17,495,044Net Assets 2020: $597,6512020Assets 2021: $17,725,687Liabilities 2021: $17,516,077Net Assets 2021: $209,6102021Assets 2022: $16,338,668Liabilities 2022: $17,530,910Net Assets 2022: -$1,192,2422022Assets 2023: $15,879,152Liabilities 2023: $33,172Net Assets 2023: $15,845,9802023Assets 2024: $15,685,275Liabilities 2024: $59,992Net Assets 2024: $15,625,2832024

Highlighted filing

2024

Assets$15,685,275
Liabilities$59,992
Net Assets$15,625,283
Open 2024 Filing

Operations Trend

Revenue Growth1st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MRevenue 2016: $198,247Expenses 2016: $55,485Net Income 2016: $142,7622016Revenue 2017: $176,963Expenses 2017: $94,915Net Income 2017: $82,0482017Revenue 2018: $792,401Expenses 2018: $94,927Net Income 2018: $697,4742018Revenue 2019: $1,971,408Expenses 2019: $491,236Net Income 2019: $1,480,1722019Revenue 2020: $1,629,727Expenses 2020: $1,154,810Net Income 2020: $474,9172020Revenue 2021: $779,137Expenses 2021: $1,167,178Net Income 2021: -$388,0412021Revenue 2022: $348,305Expenses 2022: $1,750,157Net Income 2022: -$1,401,8522022Revenue 2023: $17,777,729Expenses 2023: $739,507Net Income 2023: $17,038,2222023Revenue 2024: $227,326Expenses 2024: $448,023Net Income 2024: -$220,6972024

Highlighted filing

2024

Revenue$227,326
Expenses$448,023
Net Income-$220,697
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$15,685,275
Liabilities
$59,992
Net assets
$15,625,283
Revenue
$227,326
Expenses
$448,023
Net income
-$220,697
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$15.7$0.06$15.6$0.23$0.45$0.22
2023Detailed filing. Detailed filing data is available for this year.$15.9$0.03$15.8$17.8$0.74$17.0
2022Detailed filing. Detailed filing data is available for this year.$16.3$17.5$1.19$0.35$1.75$1.40
2021Detailed filing. Detailed filing data is available for this year.$17.7$17.5$0.21$0.78$1.17$0.39
2020Detailed filing. Detailed filing data is available for this year.$18.1$17.5$0.60$1.63$1.15$0.47
2019Detailed filing. Detailed filing data is available for this year.$18.4$18.3$0.12$1.97$0.49$1.48
2018Detailed filing. Detailed filing data is available for this year.$16.9$18.3$1.36$0.79$0.09$0.70
2017Detailed filing. Detailed filing data is available for this year.$16.8$18.9$2.05$0.18$0.09$0.08
2016Summary only. Only limited summary data is available for this year.$18.2$18.1$0.14$0.20$0.06$0.14
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 7, 2025
Return Version
2024v5.2
Gross Receipts
$227,326
Mission and Program Overview

Mission

LOW INCOME HOUSING

LAFH Phase II QALICB, Inc. was established to acquire the property formerly known as Valley Shelter and to develop commercial property at North Campus at LA Family Housing using Federal New Market Tax Credits. The commercial improvements consist of a comprehensive intake and assessment center for homeless individuals and administrative office space to be used as the headquarters of LAFH.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$15,719,568$15,302,325▼ $417,243
Prepaid Expenses and Deferred Charges$105,361$85,892▼ $19,469
Accounts Receivable-$19,469-
Cash and Non-Interest-Bearing Accounts$54,223$10▼ $54,213
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$15,879,152$15,685,275▼ $193,877
Other Assets Total-$277,579-
Liabilities
Accounts Payable and Accrued Expenses$3,560$30,380▲ $26,820
Other Liabilities$14,806$14,806→ $0
Deferred Revenue$14,806$14,806→ $0
Total Liabilities$33,172$59,992▲ $26,820
Net Assets / Fund Balance
Net Assets With Donor Restrictions$15,845,980$15,625,283▼ $220,697
Total Net Assets Fund Balance$15,845,980$15,625,283▼ $220,697
Total Liabilities and Net Assets / Fund Balance$15,879,152$15,685,275▼ $193,877

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$13,663,073$2,230,054$15,893,127
Land$1,416,934-$1,416,934
Other Land Buildings$215,258$83,366$298,624
Equipment$7,060$27,824$34,884
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Stephanie Klasky-gamerChairman
Debbie BurkartDirector
Gregg SherkinDirector
Toi ChisomSecretary
Yasmin TongTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$227,326
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-220,697
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$448,023
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$30,380-$30,380
Other Expenses$401--$401
Total Functional Expenses$417,643$30,380$0$448,023
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$14,806
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Pt VI, Line 11b: THE FORM 990 IS REVIEWED BY THE L.A. FAMILY HOUSING CFO. ANYSIGNIFICANT 990 ISSUES ARE DISCUSSED WITH THE L.A. FAMILY HOUSING TREASURER.”

Form 990, Part VI, Section B, Line 12C

“Pt VI, Line 12c: THE CONFLICT OF INTEREST POLICY REQUIRES ANY DIRECTOR, OFFICEROR INTERESTED PERSON TO AVOID AND/OR DISCLOSE ANY POSSIBLE DIRECT OR INDIRECTFINANCIAL OR OTHER CONFLICT OF INTEREST TO THE BOARD FOR ITS DECISION AS TO THEFACTS OF THE PROPOSED TRANSACTION OR ARRANGEMENT. FAILURE TO DISCLOSE ANY CONFLICTSWILL RESULT IN APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. BOARD MEMBERSAND OFFICERS ARE REQUIRED ANNUALLY TO READ AND SIGN A STATEMENT AFFIRMING THEIRUNDERSTANDING AND COMPLIANCE WITH THE POLICY.”

Form 990, Part VI, Section B, Line 15A

“Pt VI, Line 15a: THE ORGANIZATION DOES NOT COMPENSATE ANY OFFICERS OR DIRECTORS.”

Form 990, Part VI, Section B, Line 15B

“Pt VI, Line 15b: THE ORGANIZATION DOES NOT COMPENSATE ANY OFFICERS OR DIRECTORS.”

Form 990, Part VI, Section C, Line 19

“Pt VI, Line 19: THE ORGANIZATION'S APPLICATION FOR EXEMPT STATUS OUTLINING THEGOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND 990'S AND AUDITED FINANCIALSTATEMENTS ARE AVAILABLE ON THE ATTORNEY GENERAL WEBSITE AND GUIDESTAR.ORG.”

Filing and Contact Details

Filer

Filer Name
Lafh Phase Ii Qalicb Inc
EIN
81-1830036
Phone
8189824091
Address
7843 LANKERSHIM BLVD, NORTH HOLLYWOOD, CA 91605

Signing Officer

Name
Stephanie Klasky-gamer
Title
Chairperson
Signed
2025-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephanie Klasky-gamer
Formed
2016
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
4
Employees
0

Preparer

Firm
Boggeln & Company Inc
Address
215 1/2 Main Street, Huntington Beach, CA 92648
Preparer
Cheri L Boggeln
Phone
7143747434
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“Part x,line 2: lafh phase ii qalicb inc is exempt from federal income taxes under section 501(c)(3) of the internal revenue code (the "code"), and is exempt from state income taxes under the comparable state tax code, as charitable organizations whereby only unrelated income, as defined by section 512(a)(1) of the code, is subject to federal income tax. The organization files an exempt organization return in the u.s. Federal jurisdiction and the state of california. The organization follows the accounting standard for contingencies in evaluating uncertain tax positions. The guidance prescribes recognition threshold principles for finanical statement recognition of tax positions taken or expected to be taken on a tax return that are not certain to be realized. No liability has been recognized by the organization for uncertain tax positions as of december 31, 2024 and 2023.”

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IRS990/OtherExpensesGrp/Desc1TAXES AND FEES
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0LA FAMILY HOUSING CORP
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IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990/ScheduleBRequiredInd0false
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt02230054
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IRS990ScheduleD/EquipmentGrp/BookValueAmt07060
IRS990ScheduleD/EquipmentGrp/DepreciationAmt027824
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt034884
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt083366
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0298624
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt014806
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PART X,LINE 2: LAFH PHASE II QALICB INC IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE"), AND IS EXEMPT FROM STATE INCOME TAXES UNDER THE COMPARABLE STATE TAX CODE, AS CHARITABLE ORGANIZATIONS WHEREBY ONLY UNRELATED INCOME, AS DEFINED BY SECTION 512(A)(1) OF THE CODE, IS SUBJECT TO FEDERAL INCOME TAX. THE ORGANIZATION FILES AN EXEMPT ORGANIZATION RETURN IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF CALIFORNIA. THE ORGANIZATION FOLLOWS THE ACCOUNTING STANDARD FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THE GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR FINANICAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE ORGANIZATION FOR UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2024 AND 2023.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt015302325
IRS990ScheduleD/TotalLiabilityAmt014806
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1238035
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0STEPHANIE KLASKY-GAMER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1TOI CHISOM
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Chairman
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1Secretary
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0331195
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Pt VI, Line 11b: THE FORM 990 IS REVIEWED BY THE L.A. FAMILY HOUSING CFO. ANYSIGNIFICANT 990 ISSUES ARE DISCUSSED WITH THE L.A. FAMILY HOUSING TREASURER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Pt VI, Line 12c: THE CONFLICT OF INTEREST POLICY REQUIRES ANY DIRECTOR, OFFICEROR INTERESTED PERSON TO AVOID AND/OR DISCLOSE ANY POSSIBLE DIRECT OR INDIRECTFINANCIAL OR OTHER CONFLICT OF INTEREST TO THE BOARD FOR ITS DECISION AS TO THEFACTS OF THE PROPOSED TRANSACTION OR ARRANGEMENT. FAILURE TO DISCLOSE ANY CONFLICTSWILL RESULT IN APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. BOARD MEMBERSAND OFFICERS ARE REQUIRED ANNUALLY TO READ AND SIGN A STATEMENT AFFIRMING THEIRUNDERSTANDING AND COMPLIANCE WITH THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Pt VI, Line 15a: THE ORGANIZATION DOES NOT COMPENSATE ANY OFFICERS OR DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Pt VI, Line 15b: THE ORGANIZATION DOES NOT COMPENSATE ANY OFFICERS OR DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Pt VI, Line 19: THE ORGANIZATION'S APPLICATION FOR EXEMPT STATUS OUTLINING THEGOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND 990'S AND AUDITED FINANCIALSTATEMENTS ARE AVAILABLE ON THE ATTORNEY GENERAL WEBSITE AND GUIDESTAR.ORG.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0LA FAMILY HOUSING CORP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1HARMONY VILLA INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2LAFH PHASE I QALICB INC
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0HOMELESS SERVICES AND HOUSING PROGRAMS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1HOMELESS SERVICES AND HOUSING PROGRAMS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2HOMELESS SERVICES AND HOUSING PROGRAMS
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt07843 LANKERSHIM BLVD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt17843 LANKERSHIM BLVD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt27843 LANKERSHIM BLVD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0NORTH HOLLYWOOD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1NORTH HOLLYWOOD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2NORTH HOLLYWOOD
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IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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