Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
Homela Development
EIN 84-2298847 • 501(c)3 • Los Angeles, CA
Profile
HomeLA Developments mission is to advocate for equitable community development and economic empowerment for at-risk and vulnerable communities in Los Angeles by developing affordable housing and neighborhood assets, providing community-driven supportive services, and producing initiatives that offer access to economic development opportunities and promote community well-being. By building welcoming and caring communities that empower residents, we envision a Los Angeles where everyone lives with opportunity, dignity, and autonomy.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
No value available
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.
Net Margin
74th percentile
Higher net margin than 74% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
10th percentile
Faster asset growth than 10% of similar nonprofits.
Revenue Growth
82nd percentile
Faster revenue growth than 82% of similar nonprofits.
Balance Sheet
Assets
Down$695
Down $64 (-8.4%) from 2022
Liabilities
$0
No earlier filing loaded for comparison.
Net Assets
-
No earlier filing loaded for comparison.
Revenue
Up$15,547
Up $12,047 (+344%) from 2022
Expenses
Up$15,611
Up $11,561 (+285%) from 2022
Net Income
Up-$64
Up $486 (+88%) from 2022
Trend Graphs
Filings
Most recent year
2023 • Form 990EZSummary only. Only limited summary data is available for this year.
- Assets
- $695
- Liabilities
- $0
- Net assets
- -
- Revenue
- $15,547
- Expenses
- $15,611
- Net income
- -$64
Latest Detailed Filing
The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2022 below.
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2022 to Dec 31, 2022
- Signed
- Nov 16, 2023
- Return Version
- 2022v5.0
- Gross Receipts
- $3,500
Mission and Program Overview
Mission
HomeLA Developments mission is to advocate for equitable community development and economic empowerment for at-risk and vulnerable communities in Los Angeles by developing affordable housing and neighborhood assets, providing community-driven supportive services, and producing initiatives that offer access to economic development opportunities and promote community well-being. By building welcoming and caring communities that empower residents, we envision a Los Angeles where everyone lives with opportunity, dignity, and autonomy.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| DOMESTIC AFFORDABLE HOUSING DEVELOPMENT | - | $245 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| COLIN FOON | Secretary | - | $0 | - | - |
| MICHAEL KANG | CEO | - | $0 | - | - |
| MARK ECHEVERRI | Director | - | $0 | - | - |
| RENE SANCHEZ | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Homela Development
- EIN
- 84-2298847
- Phone
- 6264869924
- Address
- 6031 LA PRADA ST, LOS ANGELES, CA 90042
Signing Officer
- Name
- Michael Kang
- Title
- CFO
- Signed
- 2023-11-16
- Discuss with paid preparer
- Yes
Preparer
- Firm
- RMD Financial Services
- Address
- 106 W Lime Ave Suite 205, Monrovia, CA 91016
- Preparer
- Manny Sacdalan CPA
- Phone
- 6264869924
Supplemental Narrative
Additional Explanations
Other Expenses.1002
“Office Expenses $90”
Other Expenses.1
“BANK CHARGES $55”
Other Expenses.2
“DUES & SUBSCRIPTIONS $5”
Raw XML Appendix119 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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|---|---|---|
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| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | Mike Kang |
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| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | LOS ANGELES |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | CA |
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| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 0 |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | MICHAEL KANG |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | MARK ECHEVERRI |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | RENE SANCHEZ |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | Director |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 150 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | HomeLA Developments mission is to advocate for equitable community development and economic empowerment for at-risk and vulnerable communities in Los Angeles by developing affordable housing and neighborhood assets, providing community-driven supportive services, and producing initiatives that offer access to economic development opportunities and promote community well-being. By building welcoming and caring communities that empower residents, we envision a Los Angeles where everyone lives with opportunity, dignity, and autonomy. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | DOMESTIC AFFORDABLE HOUSING DEVELOPMENT |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 245 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 0 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 4050 |
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| IRS990EZ/TotalRevenueAmt | 0 | 3500 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | [email protected] |
| IRS990ScheduleA/ChurchInd | 0 | X |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Office Expenses $90 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | BANK CHARGES $55 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DUES & SUBSCRIPTIONS $5 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Other Expenses.1002 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Other Expenses.1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Other Expenses.2 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd | 0 | FAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 2 |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | MICHAEL KANG |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | CFO |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2023-11-16 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | HOMELA DEVELOPMENT |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | HOME |
| ReturnHeader/Filer/EIN | 0 | 842298847 |
| ReturnHeader/Filer/PhoneNum | 0 | 6264869924 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 6031 LA PRADA ST |
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| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 90042 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
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| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 106 W Lime Ave Suite 205 |
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| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | CA |
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| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 6264869924 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Manny Sacdalan CPA |
| ReturnHeader/ReturnTs | 0 | 2023-11-16T16:22:19-08:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | MICHAEL |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | KANG |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2022-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2022-12-31 |
| ReturnHeader/TaxYr | 0 | 2022 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.