Civic Intelligence

Ararat Home of Los Angeles

EIN 95-1809572 • 501(c)3 • Mission Hills, CA

View Organization Page

Profile

Provide care to the elderly

15105 Mission Hills RoadMission Hills, CA 91345

www.ararathome.org

Siviq Scores

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

Liabilities / Assets

34th percentile

0.14x

Higher debt load relative to assets than 34% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

33rd percentile

0.23x

Higher debt load relative to revenue than 33% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

53rd percentile

5.6%

Higher net margin than 53% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

30th percentile

$338,374

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

34th percentile

2.4%

Faster asset growth than 34% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

70th percentile

17%

Faster revenue growth than 70% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets34th percentile

Assets

Up

$102,841,181

Up $2,369,774 (+2.4%) from 2023

Liabilities

Down

$14,055,463

Down $1,114,822 (-7.3%) from 2023

Net Assets

Up

$88,785,718

Up $3,484,596 (+4.1%) from 2023

Operations
Liabilities / Revenue33rd percentileNet Margin53rd percentile

Revenue

Up

$62,041,839

Up $9,038,429 (+17%) from 2023

Expenses

Up

$58,557,243

Up $7,042,427 (+14%) from 2023

Net Income

Up

$3,484,596

Up $1,996,002 (+134%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth34th percentile

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

$150M$100M$50M$0Assets 2011: $41,206,188Liabilities 2011: $4,919,416Net Assets 2011: $36,286,7722011Assets 2012: $45,058,664Liabilities 2012: $4,704,001Net Assets 2012: $40,354,6632012Assets 2013: $47,071,807Liabilities 2013: $4,057,813Net Assets 2013: $43,013,9942013Assets 2014: $49,919,711Liabilities 2014: $4,636,211Net Assets 2014: $45,283,5002014Assets 2015: $57,567,549Liabilities 2015: $3,999,500Net Assets 2015: $53,568,0492015Assets 2016: $64,651,979Liabilities 2016: $3,990,578Net Assets 2016: $60,661,4012016Assets 2017: $71,756,704Liabilities 2017: $4,241,914Net Assets 2017: $67,514,7902017Assets 2018: $71,803,712Liabilities 2018: $3,330,825Net Assets 2018: $68,472,8872018Assets 2019: $79,679,214Liabilities 2019: $2,991,435Net Assets 2019: $76,687,7792019Assets 2020: $85,608,105Liabilities 2020: $3,794,747Net Assets 2020: $81,813,3582020Assets 2021: $89,509,346Liabilities 2021: $2,827,492Net Assets 2021: $86,681,8542021Assets 2022: $85,270,295Liabilities 2022: $3,215,546Net Assets 2022: $82,054,7492022Assets 2023: $100,471,407Liabilities 2023: $15,170,285Net Assets 2023: $85,301,1222023Assets 2024: $102,841,181Liabilities 2024: $14,055,463Net Assets 2024: $88,785,7182024

Highlighted filing

2024

Assets$102,841,181
Liabilities$14,055,463
Net Assets$88,785,718
Open 2024 Filing

Operations Trend

Revenue Growth70th percentile

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

$80M$60M$40M$20M$0-$20MExpenses 2011: $16,760,6292011Expenses 2012: $17,305,6822012Revenue 2013: $19,345,410Expenses 2013: $17,883,269Net Income 2013: $1,462,1412013Revenue 2014: $25,545,132Expenses 2014: $23,130,752Net Income 2014: $2,414,3802014Revenue 2015: $34,009,946Expenses 2015: $24,608,056Net Income 2015: $9,401,8902015Revenue 2016: $32,928,309Expenses 2016: $26,669,515Net Income 2016: $6,258,7942016Revenue 2017: $34,085,012Expenses 2017: $28,328,900Net Income 2017: $5,756,1122017Revenue 2018: $32,990,878Expenses 2018: $30,323,803Net Income 2018: $2,667,0752018Revenue 2019: $37,570,799Expenses 2019: $31,427,949Net Income 2019: $6,142,8502019Revenue 2020: $36,945,365Expenses 2020: $33,532,713Net Income 2020: $3,412,6522020Revenue 2021: $37,967,364Expenses 2021: $34,798,667Net Income 2021: $3,168,6972021Revenue 2022: $39,048,717Expenses 2022: $39,276,593Net Income 2022: -$227,8762022Revenue 2023: $53,003,410Expenses 2023: $51,514,816Net Income 2023: $1,488,5942023Revenue 2024: $62,041,839Expenses 2024: $58,557,243Net Income 2024: $3,484,5962024

Highlighted filing

2024

Revenue$62,041,839
Expenses$58,557,243
Net Income$3,484,596
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$102,841,181
Liabilities
$14,055,463
Net assets
$88,785,718
Revenue
$62,041,839
Expenses
$58,557,243
Net income
$3,484,596
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$103$14.1$88.8$62.0$58.6$3.48
2023Summary only. Only limited summary data is available for this year.$100$15.2$85.3$53.0$51.5$1.49
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$85.3$3.22$82.1$39.0$39.3$0.23
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$89.5$2.83$86.7$38.0$34.8$3.17
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$85.6$3.79$81.8$36.9$33.5$3.41
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$79.7$2.99$76.7$37.6$31.4$6.14
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$71.8$3.33$68.5$33.0$30.3$2.67
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$71.8$4.24$67.5$34.1$28.3$5.76
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$64.7$3.99$60.7$32.9$26.7$6.26
2015Detailed filing. Detailed filing data is available for this year.$57.6$4.00$53.6$34.0$24.6$9.40
2014Detailed filing. Detailed filing data is available for this year.$49.9$4.64$45.3$25.5$23.1$2.41
2013Detailed filing. Detailed filing data is available for this year.$47.1$4.06$43.0$19.3$17.9$1.46
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$45.1$4.70$40.4$17.3
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$41.2$4.92$36.3$16.8
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 13, 2023
Return Version
2022v5.0
Gross Receipts
$39,048,717
Mission and Program Overview

Mission

Provide care to the elderly

Provide care for the elderly

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$44,589,786$43,404,773▼ $1,185,013
Cash and Non-Interest-Bearing Accounts$12,993,273$14,184,006▲ $1,190,733
Investments in Publicly Traded Securities$5,757,380$5,482,613▼ $274,767
Accounts Receivable$5,416,208$4,131,165▼ $1,285,043
Prepaid Expenses and Deferred Charges$685,819$1,384,271▲ $698,452
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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$89,509,346$85,270,295▼ $4,239,051
Other Assets Total$20,066,880$16,683,467▼ $3,383,413
Liabilities
Accounts Payable and Accrued Expenses$2,827,492$3,215,546▲ $388,054
Total Liabilities$2,827,492$3,215,546▲ $388,054
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$84,743,813$80,650,529▼ $4,093,284
Net Assets With Donor Restrictions$1,938,041$1,404,220▼ $533,821
Total Net Assets Fund Balance$86,681,854$82,054,749▼ $4,627,105
Total Liabilities and Net Assets / Fund Balance$89,509,346$85,270,295▼ $4,239,051

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$22,041,996$30,578,182-
Other Land Buildings$2,086,452--
Land$13,774,893--
Equipment$5,501,432--
Other Assets Org$16,683,467--
Compensation and Service Providers
Top Officer Pay30th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Margarita KechichianAdministrator of Nursing FacilityFT$270,000-$270,000
Derik GhookasianCOOFT$260,000$152,250$260,000
Susan YeranianDirector of NursingFT$190,000-$190,000
Rita NoravianAdministrator RcfeFT$190,000-$152,250
Christine KarapetianAdministratorFT$127,000-$127,000
Vicky TumikyanDirector of NursingFT$104,000-$104,000
Ani DikranianExecutive SecretaryFT$84,460-$84,460

Board Members and Trustees

NameTitle
Sinan SinanianChairman
Ron NazeleyVice-Chairman
Aram Youssoufian MdTrustee
Berj ShahbazianTrustee
Gary KaloostianTrustee
H Raffi Balian MdTrustee
Harout Mesrobian MdTrustee
Joseph G Ouzounian MdTrustee
Joseph Kanimian EsqTrustee
Kohar Mardirossian Pelter RnTrustee
Maggie Mangassarian-goschinTrustee
Nadya VerabianTrustee
Nazar Ashjian CPATrustee
Onik TajirianTrustee
Peter DarakjianTrustee
Raffi MardirosianTrustee
Richard JebejianTrustee
Shahe BoyadjianTrustee
Takoohi JosephianTrustee
Vatche Bardakjian MdTrustee
Debbie AvedianAssis Treasurer
Vahe VartanianAssis Treasurer
Arthur ZabounianSecretary
Michael Surmeian CPATreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Twin MedSales Medical Supplies11333 GREENSTONE AVE, Santa Fe Springs, CA 90670$348,370
The Visual CupMedical Supplies4955 EVERET CT, Vernon, CA 90058$182,797
Cts Clouds LLCIt Tech Services100 N BRAND BLVD 207, Glendale, CA 91203$56,451
Revenue and Support

Revenue Composition

Contributions and Grants
$558,887
Program Service Revenue
$37,453,354
Investment Income
$845,202
Other Revenue
$191,274
All Other Contributions
$558,887
Change in Net Assets
$-227,876

Audited Revenue Reconciliation

Revenue per Audited Statements
$39,048,717
Total Revenue per Audited Statements
$39,048,717
Total Revenue per Form 990
$39,048,717
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$25,565,522
Other Expenses$13,711,071
Total Fundraising Expense$166,089
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$24,057,276$271,223$49,313$24,377,812
Depreciation Depletion$1,757,034$80,937$20,234$1,858,205
Current Officers, Directors, Trustees, and Key Employees$1,187,710--$1,187,710
All Other Expenses$857,508$248,589$78,527$1,184,624
Other Expenses$1,098,865$22,567$3,637$1,121,432
Insurance$971,527$52,786$5,865$1,030,178
Total Functional Expenses$38,386,010$724,494$166,089$39,276,593

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$39,276,593
Total Expenses per Audited Statements$39,276,593
Total Expenses per Form 990$39,276,593
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-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Copies of the 990 is provided to the bod. No formal review is conducted by the bod prior to filing.”

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

“Compensation review process is conducted by the chairman of the bod.”

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

“Compensation review process is conducted by the bod.”

Form 990, Part VI, Section C, Line 18

“The 990 along with the annual audited financial statements are posted on the organizations website for review.”

Form 990, Part VI, Section C, Line 19

“No other documents are available to the public.”

Filing and Contact Details

Filer

Filer Name
Ararat Home of Los Angeles
EIN
95-1809572
Phone
8183653000
Address
15105 MISSION HILLS ROAD, MISSION HILLS, CA 91345

Signing Officer

Name
Derik Ghookasian
Title
COO
Signed
2023-11-13
Discuss with paid preparer
Yes

Organization Details

Formed
1949
Legal Domicile
CA
Voting Board Members
25
Independent Board Members
25
Employees
523

Preparer

Firm
California Accountants Group Llp
Address
21900 BURBANK BLVD SUITE 112, WOODLAND HILLS, CA 91367
Preparer
Seid Sadat CPA Cff Cgma
Phone
8187020900
Raw XML AppendixShowing 400 of 723 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
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt02827492
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt03215546
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IRS990/AccountsReceivableGrp/EOYAmt04131165
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0PROVIDE CARE FOR THE ELDERLY
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllOtherContributionsAmt0558887
IRS990/AllOtherExpensesGrp/FundraisingAmt078527
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0248589
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0857508
IRS990/AllOtherExpensesGrp/TotalAmt01184624
IRS990/AuditCommitteeInd0false
IRS990/BackupWthldComplianceInd0false
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0DERIK GHOOKASIAN
IRS990/BooksInCareOfDetail/PhoneNum08183653000
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt015105 MISSION HILLS ROAD
IRS990/BooksInCareOfDetail/USAddress/CityNm0MISSION HILLS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd091345
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt012993273
IRS990/CashNonInterestBearingGrp/EOYAmt014184006
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt02
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt01187710
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IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt00
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IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/CompensationAmt056451
IRS990/ContractorCompensationGrp/CompensationAmt1182797
IRS990/ContractorCompensationGrp/CompensationAmt2348370
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0100 N BRAND BLVD 207
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt14955 EVERET CT
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt211333 GREENSTONE AVE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0GLENDALE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1VERNON
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2SANTA FE SPRINGS
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0CA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1CA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2CA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd091203
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd190058
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd290670
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0CTS CLOUDS LLC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1THE VISUAL CUP
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2TWIN MED
IRS990/ContractorCompensationGrp/ServicesDesc0IT TECH SERVICES
IRS990/ContractorCompensationGrp/ServicesDesc1MEDICAL SUPPLIES
IRS990/ContractorCompensationGrp/ServicesDesc2SALES MEDICAL SUPPLIES
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0558887
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0845202
IRS990/CYOtherExpensesAmt013711071
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IRS990/CYTotalRevenueAmt039048717
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/FundraisingAmt020234
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt080937
IRS990/DepreciationDepletionGrp/ProgramServicesAmt01757034
IRS990/DepreciationDepletionGrp/TotalAmt01858205
IRS990/Desc0RESIDENTIAL AND NURSING CARE FOR THE ELDERLY
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt01938041
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt01404220
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt0523
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt038386010
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt00
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
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IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
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