Nonprofit · EIN 26-1117569
BEVERLY-VERMONT COMMUNITY LAND TRUST
Tax-exempt · LOS ANGELES, CA 90004
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $595,702 | $595,740 | -$38 | $5,753,645 | $872,860 | $4,880,785 |
| December 31, 2023 | 990 | $786,565 | $588,616 | $197,949 | $5,587,747 | $706,924 | $4,880,823 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $318,850
- Program service revenue
- $32,100
- Investment income
- $290
- Net rental income
- $244,462
- Other revenue
- $244,462
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $156,572
- Other salaries and wages
- $95,229
- Salaries, compensation and benefits (total)
- $292,373
- Professional fundraising fees
- $0
- Legal fees
- $5,432
- Accounting fees
- $34,055
- Travel
- $334
- Depreciation
- $73,988
- Program services (functional)
- $394,974
- Management and general (functional)
- $128,188
- Fundraising (functional)
- $72,578
Balance sheet and other
- Total assets, start of year
- $5,587,747
- Total assets, end of year
- $5,753,645
- Total liabilities, end of year
- $872,860
- Net assets, end of year
- $4,880,785
- Land, buildings and equipment
- $4,415,983
- Net assets without donor restrictions
- $4,596,631
- Net assets with donor restrictions
- $284,154
- Gross receipts
- $597,791
- Employees
- 7
- Volunteers
- 14
- Year formed
- 2008
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KASEY VENTURA | COMMUNITY ORGANIZER Trustee or director, Officer | 40 | $83,960 |
| FAIZAH BARLAS | DIR. OF FINANCE & OPER THROUGH 7/24 Trustee or director, Officer | 40 | $43,789 |
| ARA KIM | ARA KIM, DIR. OF REAL EST AND ASSET MGMT Trustee or director, Officer | 40 | $28,823 |
| MATT VU | PRESIDENT Trustee or director, Officer | 2 | $0 |
| STEVEN SIMON | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| ENI CHOWDHURY | TREASURER Trustee or director, Officer | 2 | $0 |
| NAOKO WARD | DIRECTOR Trustee or director | 2 | $0 |
| DAVID CHOI | DIRECTOR Trustee or director | 2 | $0 |
| MARGARITA QUINTANILLA | DIRECTOR Trustee or director | 2 | $0 |
| HAEJIN BANG | DIRECTOR Trustee or director | 2 | $0 |
| ZENO ROLLER | DIRECTOR Trustee or director | 2 | $0 |
| LOUIS ELKNER-ALFARO | DIRECTOR Trustee or director | 2 | $0 |
| JEN GANATA | DIRECTOR Trustee or director | 2 | $0 |
| VLAD DE JESUS SANTOS | DIRECTOR Trustee or director | 2 | $0 |
| XITLALLI VELASQUEZ | DIRECTOR Trustee or director | 2 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DESHANAE CANTLEY | SECRETARY Trustee or director | 2 | $0 |
| JESSICA BROWN | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| FAIZAH BARLAS | DIRECTOR OF FINANCE & OPER Trustee or director, Officer | 40 | $84,373 | $6,000 |
| KASEY VENTURA | COMMUNITY ORGANIZER Trustee or director, Officer | 40 | $84,373 | $6,000 |
| LINDA REYES | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| STEVEN SIMON | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| AUDREY YOUNSOOK JANG | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| YUKI KIDOKORO | DIRECTOR Trustee or director | 2 | $0 | $0 |
| IXCHEL HERNANDEZ | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MICHELLE WONG | DIRECTOR Trustee or director | 2 | $0 | $0 |
| XITLALLI VELASQUEZ | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CHRIS CUELLAR | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 117 BIMINI PL APT 201, LOS ANGELES, CA 90004-5914
- In care of
- % KRISTINA MATA
- Mailing address (990-N for 2010)
- 117 Bimini Place, Unit 201, Los Angeles CA 90004
- Principal officer (990 for 2024)
- ARA KIM, 117 BIMINI PLACE 110, LOS ANGELES, CA 90004
- Principal officer (990-N for 2010)
- Somerset Waters, 127 Bimini Place, Los Angeles CA 90004
- Signed the 990
- ARA KIM, DIR. OF REAL ESTATE AND ASSET MGMT
- Phone
- (213) 537-7295
- Website
- BVCLT.ORG
- Return prepared by
- QUIGLEY & MIRON
California records
California keeps its own records of charities and corporations. Search them by EIN 26-1117569 or by the name BEVERLY-VERMONT COMMUNITY LAND TRUST.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
BEVERLY-VERMONT COMMUNITY LAND TRUST (BVCLT)'S MISSION IS TO BUILD COMMUNITY POWER TO KEEP WORKING CLASS COMMUNITIES OF COLOR IN THEIR HOMES AND NEIGHBORHOODS THROUGH PERMANENT AFFORDABILITY AND DEMOCRATIC COMMUNITY OWNERSHIP IN KOREATOWN AND THE SURROUNDING TRANSIT-ORIENTED NEIGHBORHOODS IN LOS ANGELES.
Program accomplishments
- IN 2024, BEVERLY-VERMONT COMMUNITY LAND TRUST COMPLETED THE REHABILITATION FOR 108 S KENMORE PROPERTY AND FOR 6629 LEMP PROPERTY, COMPLETING WORK ON TWO BUILDINGS. BVCLT ALSO HIRED THREE NEW STAFF MEMBERS (DIRECTOR OF FINANCE AND OPERATIONS, DIRECTOR OF CULTURAL ARTS AND BASEBUILDING, AND DIRECTOR OF RESIDENT AND LAND STEWARDSHIP) TO HAVE A TOTAL OF FOUR STAFF MEMBERS AT THE END OF THE YEAR. BVCLT MANAGED THE THIRD YEAR OF THE FELLOWSHIP PROGRAM TO DEVELOP MEMBER AND RESIDENT LEADERS, AND CONDUCTED OTHER MEMBERSHIP PROGRAMMING. BVCLT WAS ENGAGED IN MULTIPLE COALITIONS TO ADVOCATE FOR PERMANENTLY AFFORDABLE HOUSING, COLLECTIVE OWNERSHIP MODELS, AND NEW FUNDING SOURCES TO PURSUE COMMUNITY LAND TRUST PROJECTS.Expenses $394,974 · revenue $276,562
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 26-1117569
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2008
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L99)
- Assets (IRS master file)
- $5,753,645
- Income (IRS master file)
- $597,791
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $595,702 | $595,740 | $5,753,645 | IRS |
| 990 | December 2023 | $786,565 | $588,616 | $5,587,747 | XML |
| 990 | December 2022 | $750,314 | $464,896 | $5,190,811 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2010 Officer: Somerset Waters | December 31, 2010 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-1117569).
Questions about BEVERLY-VERMONT COMMUNITY LAND TRUST
- What is the EIN of BEVERLY-VERMONT COMMUNITY LAND TRUST?
- The employer identification number (EIN) of BEVERLY-VERMONT COMMUNITY LAND TRUST is 26-1117569.
- Is BEVERLY-VERMONT COMMUNITY LAND TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to BEVERLY-VERMONT COMMUNITY LAND TRUST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BEVERLY-VERMONT COMMUNITY LAND TRUST file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BEVERLY-VERMONT COMMUNITY LAND TRUST due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BEVERLY-VERMONT COMMUNITY LAND TRUST last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of BEVERLY-VERMONT COMMUNITY LAND TRUST?
- The 990 for the year ended December 31, 2024 names ARA KIM.
- Who are the officers and directors of BEVERLY-VERMONT COMMUNITY LAND TRUST?
- The 990 for the year ended December 31, 2024 lists 17 people; 3 received compensation from the organization, the highest $83,960 (KASEY VENTURA, COMMUNITY ORGANIZER).
- How much revenue does BEVERLY-VERMONT COMMUNITY LAND TRUST have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $595,702, expenses of $595,740 and total assets of $5,753,645 at year end.
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All nonprofits in LOS ANGELES · California · Housing and shelter