Civic Intelligence

Homela Development

990EZ • Fiscal year 2024 • EIN 84-2298847

Jan 01, 2024 to Dec 31, 2024 • Filed on Feb 24, 2025

1855 S Mountain AveMonrovia, CA 91016

(626) 486-9924

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2024

Net Margin

74th percentile

20%

Higher net margin than 74% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

3rd percentile

-100%

Faster asset growth than 3% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

80th percentile

41%

Faster revenue growth than 80% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$0

Down $695 (-100%) from 2023

Net Assets

$0

No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Up

$21,961

Up $6,414 (+41%) from 2023

Expenses

Up

$17,534

Up $1,923 (+12%) from 2023

Net Income

Up

$4,427

Up $4,491 (+7017%) from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5K$1.0K$500$0Assets 2019: $1Liabilities 2019: $02019Assets 2020: $0Net Assets 2020: $02020Assets 2021: $1,309Net Assets 2021: $1,3092021Assets 2022: $759Net Assets 2022: $7592022Assets 2023: $695Liabilities 2023: $02023Assets 2024: $0Net Assets 2024: $02024

Highlighted filing

2024

Assets$0
Liabilities-
Net Assets$0

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30K$20K$10K$0-$10KRevenue 2019: $0Expenses 2019: $0Net Income 2019: $02019Revenue 2020: $02020Revenue 2021: $2,300Expenses 2021: $991Net Income 2021: $1,3092021Revenue 2022: $3,500Expenses 2022: $4,050Net Income 2022: -$5502022Revenue 2023: $15,547Expenses 2023: $15,611Net Income 2023: -$642023Revenue 2024: $21,961Expenses 2024: $17,534Net Income 2024: $4,4272024

Highlighted filing

2024

Revenue$21,961
Expenses$17,534
Net Income$4,427
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Feb 24, 2025
Return Version
2024v5.0
Gross Receipts
$21,961
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

DescriptionGrantsExpenses
DOMESTIC AFFORDABLE HOUSING DEVELOPMENT-$16,521
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
REBECCA WEECEO-$0--
COLIN FOONSecretary-$0--
MARK ECHEVERRIDirector-$0--
RENE SANCHEZDirector-$0--
Filing and Contact Details

Filer

Filer Name
Homela Development
EIN
84-2298847
Phone
6264869924
Address
1855 S MOUNTAIN AVE, MONROVIA, CA 91016

Signing Officer

Name
Rebecca Wee
Title
CFO
Signed
2025-02-24
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.1

OUTSIDE SERVICE $16000

Other Expenses.2

Repairs & maintenance $504

Other Expenses.3

BANK CHARGES $147

Other Expenses.4

DUES & SUBSCRIPTIONS $33

Raw XML Appendix129 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0Rebecca Wee
IRS990EZ/BooksInCareOfDetail/PhoneNum06264869924
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt01855 S MOUNTAIN AVE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0MONROVIA
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd091016
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0695
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt04427
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0850
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/FinalReturnInd0X
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0695
IRS990EZ/Form990TotalAssetsGrp/EOYAmt00
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrossReceiptsAmt021961
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0695
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0695
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0REBECCA WEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1COLIN FOON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2MARK ECHEVERRI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3RENE SANCHEZ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CEO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0true
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherChangesInNetAssetsAmt0-5122
IRS990EZ/OtherExpensesTotalAmt016684
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0HomeLA 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/ProgramServiceRevenueAmt021961
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0DOMESTIC AFFORDABLE HOUSING DEVELOPMENT
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt016521
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt017534
IRS990EZ/TotalProgramServiceExpensesAmt016521
IRS990EZ/TotalRevenueAmt021961
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0[email protected]
IRS990ScheduleA/ChurchInd0X
IRS990ScheduleN/DirectorOfSuccessor2Ind0false
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0CASH
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt0LIFEARK EL MONTE LLC
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02024-12-17
IRS990ScheduleN/DispositionOfAssetsDetail/EIN0842457577
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt05122
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt0CASH
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt01855 S MOUNTAIN AVE
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm0MONROVIA
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd0CA
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd091016
IRS990ScheduleN/EmployeeOfSuccessor2Ind0false
IRS990ScheduleN/OwnerOfSuccessor2Ind0false
IRS990ScheduleN/ReceiveCompensation2Ind0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OUTSIDE SERVICE $16000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1REPAIRS & MAINTENANCE $504
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BANK CHARGES $147
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DUES & SUBSCRIPTIONS $33
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.4
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0REBECCA WEE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-02-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HOMELA DEVELOPMENT
ReturnHeader/Filer/BusinessNameControlTxt0HOME
ReturnHeader/Filer/EIN0842298847
ReturnHeader/Filer/PhoneNum06264869924
ReturnHeader/Filer/USAddress/AddressLine1Txt01855 S MOUNTAIN AVE
ReturnHeader/Filer/USAddress/CityNm0MONROVIA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd091016
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0472520966
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RMD Financial Services
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0106 W Lime Ave Suite 205
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Monrovia
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd091016
ReturnHeader/PreparerPersonGrp/PhoneNum06264869924
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Manny Sacdalan CPA
ReturnHeader/ReturnTs02025-02-24T13:10:25-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings