Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1979.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
99 cents of each dollar spent went to programs.
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
6 people listed on the 990; $70K paid to officers and key staff.
Marcia Reddy’s $11K as CEO is at the 9th percentile of top reported officer pay among 852 $100K–1M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Marcia Reddy | $11,226 | $55,825 | $76,156 | $69,988 | $69,988 | $61,760 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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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 15aNo
Programs and updates
Provides housing and economic development services to the Skid Row community.
Questions for Skid Row Development Corporation
Your first name shows with your question. Skid Row Development Corporation answers here, for everyone.
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Property Management
Skid row development corporation (SRDC) provides property management services to two low-income single room occupancy hotels (norbo hotel and marion hotel) which are located in the downtown skid row community of los ANGELES.NORBO hotel is a 57-UNIT 4-STORY structure with single-room occupancy with commercial space on the ground floor.
The grant for the benefit of homeless individuals (gbhi) and the emergency food and shelter (efsp) programs. The organization operates an outpatient substance abuse and mental health services program for homeless individuals. The program operates five days a week at no cost to the homeless individuals.
King Boulevard Apartments
SRDC operates three apartment buildings emergency food and shelter for the los angeles skid row community. Containing a total of 17 residential rental units. The units are occupied by graduates of SRDC'S transition house project and otherlow-income tenants.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $202K | $91K |
| Land, buildings, equipmentLn 10c | $74K | $78K |
| Total assetsLn 16 | $431K | $391K |
| LiabilitiesLn 26 | $1.6M | $2.0M |
| Net assetsLn 32 | −$1.2M | −$1.6M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $70K | $70K | ||
| Other salaries and wagesLn 7 | $608K | $608K | ||
| Other employee benefitsLn 9 | $66K | $66K | ||
| Payroll taxesLn 10 | $64K | $64K | $555 | |
| Legal feesLn 11b | $1K | $1K | ||
| Accounting feesLn 11c | $16K | $7K | $9K | |
| Other fees for servicesLn 11g | $121K | $119K | $2K | |
| Office expensesLn 13 | $50K | $50K | $695 | |
| Information technologyLn 14 | $12K | $11K | $574 | |
| OccupancyLn 16 | $192K | $192K | ||
| TravelLn 17 | $3K | $3K | ||
| InsuranceLn 23 | $59K | $59K | ||
| Other expenses (24a–d)Ln 24 | $126K | $126K | ||
| All other expensesLn 24e | $6K | $5K | $1K | |
| Total functional expensesLn 25 | $1.4M | $1.4M | $14K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $583K | $1.4M | −$858K | −$13.1M | 990 PDF |
| FY2024 | $701K | $1.3M | −$575K | −$12.2M | 990 PDF |
| FY2023 | $784K | $1.2M | −$456K | −$2.2M | 990 PDF |
| FY2022 | $1.2M | $1.4M | −$175K | −$1.8M | 990 PDF |
| FY2021 Viewing | $1.1M | $1.4M | −$309K | −$1.6M | 990 PDF |
| FY2020 | $1.2M | $1.4M | −$212K | −$1.2M | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $1,084,551 revenue, 12 lines filed
Part VI · Governance 5 of 5 board members independent, 3 to look at
Part VIII · Statement of revenue $1,084,551 across 6 lines filed
Part IX · Statement of functional expenses $1,393,636 across 14 lines filed
Part X · Balance sheet $391,374 assets, 13 lines filed
Part XI · Reconciliation of net assets −$1,583,587 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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