2025-11-15T15:32:35-08:00 2024-12-31 462615542 CASTRO & JAMIER CPA'S INC 19148 LULL ST RESEDA CA 91335 990 2024-01-01 421687057 TENEMOS QUE RECLAMAR Y UNIDOS SALVAR LA TIERRA-SOUTH LA TENE 3232334118 4331 S MAIN STREET LOS ANGELES CA 90037 OSCAR MONGE EXECUTIVE DIRECTOR 3232334118 2025-04-24 true true Arrens J Castro CPA P01767137 3238419523 2025-11-15 2024 2025-03-06 01:10:19Z CHUL GUGICH 4331 S MAIN ST LOS ANGELES CA 90037 2382807 false X www.trustsouthla.org X 2006 CA To work with low-income community residents to transform the built environment and social conditions in South Los Angeles by: serving as a steward for community-controlled land; being a catalyst for values-driven, community-serving development;building awareness and 9 9 19 140 203811 0 6405538 1714577 206531 285200 10553 203811 32232 73892 6654854 2277480 0 0 1019490 1164770 0 282111 502365 650180 1521855 1814950 5132999 462530 18897266 19329768 8605092 8545106 10292174 10784662 To work with low-income community residents to transform the built environment and social conditions in South Los Angeles by: serving as a steward for community-controlled land; being a catalyst for values-driven, community-serving development;building awareness and false false 947083 1444510 2000769 Tenemos que Reclamar y Unidos Salvar La Tierra-South LA works to etabish community control over economic resources. The organization acquires land to be held collectively, and in perpetuity, by low-income community residents. It seeks to stabilize the South LA neighborhoods where pressure from downtown revitalization, University of Southern California expansion, and light rail transit have driven up real estate prices and rents, and long-term low-income neighborhood residents are being threatend with displacement. The organization also seeks to bring community-controlled and community-serving development to the disinvested neighborhoods south of Martin Luther King. The organization also works in the areas of transportation and recreation in order to support healthy living and economic vitality. 264250 264250 264250 Trust South LA received a subaward under Transformative Climate Communites (TCC) Program administered by Community Partners through Grant SGC23109 The purpose of this award is to implement climate resilience and equity projects in South Los Angeles, including community engagement. Total awarded funds are $2,010,216 paid on a reimbursement basis. Expenses were recorded and reported in alignment with the grants scope of work and budget. 1211333 true true false true false false false false false false true false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true true false false false true 0 0 true 19 true false false false false false false false false false false false false X 9 9 false false false false true true true true true false false true true true true true true true false false CA X ARRENS CASTRO CPA 3232334118 4331 S MAIN ST LOS ANGELES CA 90037 X Chul Gugich Board President 1.00 X X 0 0 0 Glauz Diego Vice President 1.00 X X 0 0 0 Deshanae Cantley Treasurer 1.00 X X 0 0 0 Rosa Perez Board Secretary 1.00 X X 0 0 0 Salvador Sanabria Board Member 1.00 X 0 0 0 Alejandra Beltran Board Member 1.00 X 0 0 0 Juana Calel Board Member 1.00 X 0 0 0 Maria Contreras Board Member 1.00 X 0 0 0 Noe Herrera Board Member 1.00 X 0 0 0 Oscar Monge Executive Director 40.00 X 0 117106 0 117106 false false false X 1008 1713569 1714577 Fee Income 900099 285200 0 0 285200 205644 205644 0 166886 92994 73892 73892 73892 10500 12333 -1833 -1833 0 -1833 0 2277480 359092 203811 0 117106 70264 23421 23421 816946 490168 163389 163389 153539 92123 30708 30708 77179 46307 15436 15436 2500 0 2500 0 22900 13740 4580 4580 288136 278036 10100 0 29205 17525 5840 5840 12299 7379 2460 2460 70823 42100 14690 14033 9167 5388 1983 1796 32523 23313 9210 0 30805 18483 6161 6161 Program Expenses 63652 63652 0 0 Dues and Subscriptions 11050 6630 2210 2210 Donation 9531 0 9531 0 License & Permits 460 0 460 0 67129 36225 18827 12077 1814950 1211333 321506 282111 X 6469066 1159496 718599 6200160 150000 195000 342401 484239 22947 15934 11041898 97124 10974191 10944774 220062 217483 112682 18897266 19329768 15112 56716 8435680 8138853 154300 349537 8605092 8545106 X 9587360 10589662 704814 195000 10292174 10784662 18897266 19329768 X 462530 -4771 34729 X false false false X 0 0 233535 1916760 1231318 6405538 1713569 11500720 0 0 0 233535 1916760 1231318 6405538 1713569 11500720 0 0 0 11500720 205644 205644 205644 205644 11706364 0.98240 1.00000 0.01760 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 10132 10132 1804818 1814950 240748 60187 0 0 240748 240748 361122 10132 10132 60187 60187 90281 10132 10132 10439921 10439921 415078 41390 373688 123275 7000 13736 116539 56624 41998 14626 10944774 SOUTH LA COMMUNITY MOSAIC LLC 217483 C 217483 Pt VI, Line 6 Section A- Our organization is legally structured as a membership organization with annual membership of $25 or 3 hours of volunteer work. Pt VI, Line 7a Section A- T.R.U.S.T. South LA is legally organized as a membership organization. Regular members qualify based on (1) household income below 60% AMI, (2) live or work within the boundaries of our land trust, (3) are committed to our organizations mission; and (4) pay dues or provide volunteer hours in lieu of dues. Regular Members are eligible to run for the Board of Directors, and at the Annual Membership Meeting, Regular Members elect 8 Regular Members, holding 3 year terms, to the Board. Regular Members also vote to confirm Board-nominated candidates for the up to 4 Organizational Representatives. Pt VI, Line 7b Section A- In addition to the election and confirmation of Board Members as explained above, Regular Members reserve the following governance decision: (1) any amendment to the Articles of Incorporation; (2) any amendment of the By Laws; and (3) any decision to sell property. Pt VI, Line 11b Section B-The Form 990 is submitted to the Executive Director for initial review and presented to the Board for final review and approval of the information prior to filing. The following are the important views that the Board should be aware of from the Form 990: 1. Governance ( the description of the organizations mission and written policies; how governing decisions are made and if meetings of the governing body are documented in writing; changes to governing documents) 2. Tax Compliance ( proper classification of employees or independent contractors, filing of employment tax returns and timely deposits of payroll taxes, proper receipts furnished to donors for contributions received by the organization, and filing of tax returns for unrelated business income) 3. Financial Management ( relationship of administrative and fund-raising expenses compared to total expenses and organizational revenue, if an independent auditors were hired to audit the financial statements each year and description of the process used in determining the compensation of top organization officials and the reasonableness of the salaries) Pt VI, Line 12c Section B-To ensure the Organization operates in a manner consistent with charitable puposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews of the conflict of interest policy shall be conducted. The periodic reviews shall, at a minimum, include the following subjects: 1. whether compensation arrangements and benefits are reasonable, based on competent survey information, and the result of arms length bargaining. 2. whether partnerships, joint ventures, and arrangements with management organizations conform to the Organizations written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes and do not result in inurement, impermissible private benefit or in an excess benefit transaction. Pt VI, Line 15a Section B- The evaluation of performance of the Executive Director will follow the same evaluation procedure discussed in the Staff Evaluations and Salary Reviews section of the Organizations personnel policies and procedures handbook. The evaluation will take place on annual basis and must occur within the last 2 months of each fiscal year. The Executive Director will complete a self evaluation form and will be submitted to the Board for review. Pt VI, Line 19 Section C -All corporate documents are available for viewing by all members of the organization as well as the public at the corporate offices of the organization at 4331 S. Main St. Los Angeles, Ca 90007. Pt VIII A close partnership with Abode Communities facilitates development of multi-family affordable housing and other community-serving uses on T.R.U.S.T. South LA land. The partnership has included joint fundraising, the establishment of the Figueroa Corridor Land Company as a vehicle for purchasing, holding and entitling T.R.U.S.T. South LA properties, and development agreements for particular sites. On May 2012, T.R.U.S.T. South LA and Abode Communities, a California non profit organization file an Articles of Organization of Rolland Curtis Partners, LLC, a California limited liability company with the Secretary of State of California. On December 16, 2016 TRUST became a single member of Rolland Curtis Partners, LLC.TRUST will own the land only and will receive a monthly fixed rental fee from Abode.As a. In 2021 Trust organized Vecinos 23, LLC and in 2022, Reclamar La Tierra LLC as a single member. As disregerded entity TRUST consolidated the Assets, Liabilities and Income and Expenses of Rolland Curtis Partners,LLC, Vecinos 23, LLC and Reclamar La Tierra LLC and TRUST South LA in Form 990 Pt X On November 2015, TRUST South LA and Restore Neighborhoods-LA, a california non profit corporation filed an Articles of Organization for South LA Community Mosaic, LLC. The beginning value of Investment of TRUST South LA was $50,000. During 2024, South LA Community Mosaic, LLC received an income of $ 79,500 and Expenses of $ 84,522. TRUST South LAs 95% share from the net loss was $4,771. The value end December 31, 2024 was $ 271,483. Pt IV Line 33 As of December 16, 2016 TRUST South LA became a 100% owner of Rolland Curtis Partners, LLC ( a disregarded entity) The total assets and liabilities are consolidated in this tax return. Rolland Curtis Partners, LLC is a California Limited Liability Company with the Secretary of State of California that acquires land for affordable housing. In December 16, 2021, Vecinos 23, LLC was organized by TRUST South LA ( another disregarded entity).In May 2022. Reclamar La Tierra LLC ( another disregarded entity) was also organized by TRUST South LA. The total assets and liabilities are consolidated in this tax return. Both Vecinos 23, LLC and Reclamar LA Tierra LLC are also an affordable housing. During 2024, TRUST South LA formed another LLC with 50% share on Equity, 5900 Figueroa LLC. Another member of this LLC is LTSC Community Devt Corp with 50% share. As of end of December 31, 2024 there is no Equity Balance on the Financial Statement of 5900 Figueroa LLC that is being managed by LTSC Community Devt Corp. Pt XI Line 9: Other Changes in net assets is the share in net loss for Investment in South LA Community Mosaic LLC of $4,771. Trust South LA has 95% share on South LA Community Mosaic, LLC. Other changes in net asset is a Prior period adjusting entry due to audited FS in 2023 of $34,729. ROLAND CURTIS PARTNERS LLC 4331 S Main St Los Angeles CA 90037 455260767 RENTAL-low cost housing CA TRUST SOUTH LA VECINOS 23 LLC 4331 S Main St LOS ANGELES CA 90037 872790211 RENTAL-low cost housing CA TRUST South LA RECLAMAR LA TIERRA LLC 4331 S MAIN ST LOS ANGELES CA 90037 874839086 RENTAL-low cost housing CA TRUST South LA RESTORE NEIGHBORHOODS LA INC 315 W 9TH ST 407 LOS ANGELES CA 90015 264142930 Acquire Land For Affordable Housing CA 501 (c)3 Line 9 South LA Community Mosaic LLC false ROLLAND CURTIS LLC 4331 S MAIN ST LOS ANGELES CA 90037 455260767 RENTAL-LOW COST HOUSING CA TRUST SOUTH LA false true 1.00000 SOUTH LA COMMUNITY MOSAIC LLC 4331 S MAIN ST LOS ANGELES CA 90037 475623399 RENTAL-LOW COST HOUSING CA TRUST SOUTH LA false true 0.95000 false false false false false false false false false false false false false true true true true false false Vecinos 23 LLC Q Expenses paid for Vecinos Reclamar La Tierra LLC Q Expenses paid for Reclamar La Tierra LLC South LA Community Mosaic LLC Q Expenses paid for South La Community Mosaic