Olympic Rhf Housing INC FY2021 filing

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Olympic Rhf Housing, INC. Is a not-for-profit corporation formed in accordance with the not-for-profit statutes of the state of california. The corporation was formed for the purpose of operating an 88 unit community known as colonia jess lopez located in los angeles, california, which provides Housing for low-income elderly persons pursuant to section 202 of the national Housing act, as amended.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $341K a year · 52% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
<1 mo
of spending, in cash
Plus $428K in investments, Pt X · Ln 11–13
Fine: 0.3 months of spending in cash, plus $428K in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$12.3M
180% of total assets
Concern: liabilities are 180% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$518K
+1% vs prior year
Spent
$890K
To programs
91%
Net assets
−$5.4M
By yearFY2020–FY2025
Revenue
$518K
FY2021▲ +1%
Tap a bar for its year
Revenue by fiscal year
FY2020$510K
FY2021$518K
FY2022$610K
FY2023$665K
FY2024$790K
FY2025$872K
Expenses
$890K
FY2021▲ +0.7%
Tap a bar for its year
Expenses by fiscal year
FY2020$883K
FY2021$890K
FY2022$948K
FY2023$1.1M
FY2024$1.1M
FY2025$1.1M
Net assets
−$5.4M
FY2021▼ -7%
Tap a bar for its year
Net assets by fiscal year
FY2020−$5.1M
FY2021−$5.4M
FY2022−$5.8M
FY2023−$6.2M
FY2024−$6.5M
FY2025−$6.7M

From the FY2021 Form 990 (year ending October 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1998.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $809K Management & general 9% · $81K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

33 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Olympic Rhf Housing INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides affordable housing for low-income seniors in Los Angeles.

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1 program · $809K · in their own filed words · FY2020
01

Olympic RHF housing, inc. Is a not-for-profit corporation formed in accordance with the not-for-profit statutes of the state of california. The corporation was formed for the purpose of operating an 88 unit community known as colonia jess lopez located in los angeles, california, which provides housing for low-income elderly persons…

$809Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Oct 2025 · $7.5M federal money spent
Supportive Housing for the ElderlyDepartment of Housing and Urban Development · ALN 14.157 · Direct$7.5M

The auditor reported no findings.

Year ending Oct 2024 · $7.5M federal money spent
Supportive Housing for the ElderlyDepartment of Housing and Urban Development · ALN 14.157 · Direct$7.5M

The auditor reported no findings.

Year ending Oct 2023 · $7.4M federal money spent
Supportive Housing for the ElderlyDepartment of Housing and Urban Development · ALN 14.157 · Direct$7.4M

The auditor reported no findings.

Year ending Oct 2022 · $7.3M federal money spent
Supportive Housing for the ElderlyDepartment of Housing and Urban Development · ALN 14.157 · Direct$7.3M

The auditor reported no findings.

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$518K
Ln 12
Fees for servicesLn 2g$301K
Gifts and grantsLn 1h$210K
Other incomeLn 4–11$6K
Money outPt IX
$890K
Ln 25
Programscol B$809K
Managementcol C$81K
Owns and owesPt X
−$5.4M
net assets · Ln 32
Cash and savingsLn 1–2$23K
Total assetsLn 16$6.8M
LiabilitiesLn 26$12.3M
PeoplePt VI, VII
33
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$210K
Government grantsLn 1e$210K
Fees for servicesLn 2g$301K
Investment incomeLn 3$341
Other incomeLn 4–11$6K
Total revenueLn 12$518K
Assets in detailPt X, end of year
CashLn 1$346
SavingsLn 2$23K
Cash and savings togetherLn 1–2$23K
Accounts receivableLn 4$3K
Land, buildings, equipmentLn 10c$6.3M
InvestmentsLn 11–13$428K
Other assetsLn 15$25K
Total assetsLn 16$6.8M
LiabilitiesLn 26$12.3M
Net assetsLn 32−$5.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderOctober
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$14K$23K
InvestmentsLn 11–13$422K$428K
Land, buildings, equipmentLn 10c$6.6M$6.3M
Total assetsLn 16$7.0M$6.8M
LiabilitiesLn 26$12.1M$12.3M
Net assetsLn 32−$5.1M−$5.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$75K$75K
Accounting feesLn 11c$5K$5K
Advertising and promotionLn 12$262$262
Office expensesLn 13$36K$36K
OccupancyLn 16$351K$351K
InterestLn 20$80K$80K
Depreciation, depletion and amortizationLn 22$221K$221K
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$113K$113K
Total functional expensesLn 25$890K$809K$81K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Jul 13, 2026 $872K$1.1M−$274K−$6.7M 990 PDF
FY2024Filed with the IRS Jul 16, 2025 $790K$1.1M−$291K−$6.5M 990 PDF
FY2023Filed with the IRS Aug 2, 2024 $665K$1.1M−$398K−$6.2M 990 PDF
FY2022Filed with the IRS Sep 12, 2023 $610K$948K−$338K−$5.8M 990 PDF
FY2021 ViewingFiled with the IRS Aug 30, 2022 $518K$890K−$372K−$5.4M 990 PDF
FY2020Filed with the IRS May 18, 2021 $510K$883K−$373K−$5.1M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $517,602 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $191,350$210,282
I-9 Program service revenuePrior year $299,711$301,169
I-10 Investment incomePrior year $726$341
I-11 Other revenuePrior year $18,291$5,810
I-12 Total revenuePrior year $510,078$517,602
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $883,283$889,669
I-18 Total expensesPrior year $883,283$889,669
I-19 Revenue less expensesPrior year −$373,205−$372,067
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $517,602 across 6 lines filed
VIII-1e Government grants$210,282
VIII-1h Total contributions, gifts and grants$210,282
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $301,169$301,169
VIII-3 Investment incomeExcluded from tax $341$341
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $5,810$5,810
VIII-12 Total revenueRelated to mission $301,169 · Unrelated business $0 · Excluded from tax $6,151$517,602
Part IX · Statement of functional expenses $889,669 across 9 lines filed
IX-11a Management feesManagement $75,484$75,484
IX-11c Accounting feesManagement $5,300$5,300
IX-12 Advertising and promotionManagement $262$262
IX-13 Office expensesPrograms $35,653$35,653
IX-16 OccupancyPrograms $351,075$351,075
IX-20 InterestPrograms $79,520$79,520
IX-22 Depreciation, depletion and amortizationPrograms $221,355$221,355
IX-23 InsurancePrograms $7,738$7,738
IX-24 Other expenses (24a–d)Programs $113,282$113,282
IX-25 Total functional expensesPrograms $808,623 · Management $81,046 · Fundraising $0$889,669
Part X · Balance sheet $6,828,386 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $344$346
X-2 Savings and temporary cash investmentsStart of year $14,087$22,917
X-4 Accounts receivableStart of year $4,342$2,810
X-9 Prepaid expenses and deferred chargesStart of year $2,935$0
X-10c Land, buildings and equipment, netStart of year $6,570,819$6,349,464
X-13 Program-related investmentsStart of year $422,437$427,892
X-15 Other assetsStart of year $25,369$24,957
X-16 Total assetsStart of year $7,040,333$6,828,386
X-17 Accounts payable and accrued expensesStart of year $179,241$259,361
X-19 Deferred revenueStart of year $720$1,414
X-23 Secured mortgages and notes payableStart of year $7,040,100$7,040,100
X-25 Other liabilitiesStart of year $4,895,529$4,974,835
X-26 Total liabilitiesStart of year $12,115,590$12,275,710
X-27 Net assets without donor restrictionsStart of year −$5,075,257−$5,447,324
X-32 Total net assets or fund balancesStart of year −$5,075,257−$5,447,324
X-33 Total liabilities and net assetsStart of year $7,040,333$6,828,386
Part XI · Reconciliation of net assets −$5,447,324 net assets at year end
XI-1 Total revenue$517,602
XI-2 Total expenses$889,669
XI-3 Revenue less expenses−$372,067
XI-4 Net assets at start of year−$5,075,257
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$5,447,324

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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