Nonprofit · EIN 95-3288131
SKID ROW DEVELOPMENT CORP
Tax-exempt · LOS ANGELES, CA 90021
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $582,633 | $1,440,942 | -$858,309 | $1,766,988 | $14,874,852 | -$13,107,864 |
| June 30, 2024 | 990 | $701,087 | $1,276,424 | -$575,337 | $1,781,859 | $14,004,242 | -$12,222,383 |
| June 30, 2023 | 990 | $783,967 | $1,239,987 | -$456,020 | $266,051 | $2,480,479 | -$2,214,428 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $172
- Program service revenue
- $582,461
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $11,226
- Other salaries and wages
- $512,839
- Salaries, compensation and benefits (total)
- $607,485
- Professional fundraising fees
- $0
- Legal fees
- $45,783
- Accounting fees
- $26,000
- Occupancy
- $658,878
- Program services (functional)
- $1,307,070
- Management and general (functional)
- $133,872
Balance sheet and other
- Total assets, start of year
- $1,781,859
- Total assets, end of year
- $1,766,988
- Total liabilities, end of year
- $14,874,852
- Net assets, end of year
- -$13,107,864
- Land, buildings and equipment
- $1,513,343
- Net assets without donor restrictions
- -$13,107,864
- Gross receipts
- $582,633
- Employees
- 20
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Marcia Reddy | CEO Officer | 40 | $11,226 |
| Robert Pratt | Chairman Trustee or director, Officer | 0 | $0 |
| Anita Nelson | Treasurer Trustee or director, Officer | 0 | $0 |
| Marcus Butler | Board Member Trustee or director | 0 | $0 |
| Roy Gardener | Board Member Trustee or director | 0 | $0 |
| Nancy Huntington | Secretary Trustee or director, Officer | 0 | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Marcia Reddy | CEO Officer | 40 | $55,825 |
| Robert Pratt | Chairman Trustee or director, Officer | 0 | $0 |
| Anita Nelson | Treasurer Trustee or director, Officer | 0 | $0 |
| Marcus Butler | Board Member Trustee or director | 0 | $0 |
| Roy Gardener | Board Member Trustee or director | 0 | $0 |
| Nancy Huntington | Secretary Trustee or director, Officer | 0 | $0 |
990 for the year ended June 30, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Marcia Reddy | CEO Officer | 40 | $76,156 |
| Robert Pratt | Chairman Trustee or director, Officer | 0 | $0 |
| Anita Nelson | Treasurer Trustee or director, Officer | 0 | $0 |
| Marcus Butler | Board Member Trustee or director | 0 | $0 |
| Roy Gardener | Board Member Trustee or director | 0 | $0 |
| Nancy Huntington | Secretary Trustee or director, Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 526 E 6TH ST, LOS ANGELES, CA 90021-1010
- In care of
- % LA COMMUNITY REDEVELOPMENT AGENCY
- Signed the 990
- Marcia Reddy, CEO
- Phone
- (213) 623-7130
- Return prepared by
- Simpson and Simpson CPAs
California records
California keeps its own records of charities and corporations. Search them by EIN 95-3288131 or by the name SKID ROW DEVELOPMENT CORP.
- 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
THE PRINCIPAL PURPOSE OF THE SKID ROW DEVELOPMENT CORPORATION IS TO INCREASE ECONOMIC DEVELOPMENT OPPORTUNITIES AND SOCIAL SERVICES TO THE COMMUNITY DIRECTLY EAST OF DOWNTOWN LOS ANGELES, COMMONLLY KNOWN AS "SKID ROW". THIS PURPOSE SHALL BE SERVED BY PROVIDING HOUSING AND ECONOMIC DEVELOPMENT SERVICES.
Program accomplishments
- Skid Row Development Corporation (SRDC) operates 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. Amenities include semi-furnished rooms which consist of a bed, a refrigerator, and a closet. Bathrooms and showers are located in the rooms and several are located at each floor to accomodate tenants on their floors. Also, there is a laundry facility and a community kitchen both located on the first floor.Marion Hotel is a 44-unit 3-story structure with single-room occupancy. Amenities include semi-furnished rooms which consist of a bed, a refrigerator, and a sink. Bathrooms and showers are not located in the room and several are located at each floor to accomodate tenants on their floors. Also, there is a laundry facility and a community kitchen both located on the first floor.Expenses $1,154,967 · revenue $448,857
- KING BOULEVARD APARTMENTS - SRDC OPERATES THREE APARTMENT BUILDINGS EMERGENCY FOOD AND SHELTER FOR THE LOS ANGELES SKID ROW COMMUNITY. CONTAINING A TOAL OF 17 RESIDENTIAL RENTAL UNITS. THE UNITS ARE OCCUPIED BY GRADUATES OF SRDC'S TRANSITION HOUSE PROEJCT AND OTHER LOW-INCOME TENANTS. FOR SOCIAL SERVICES AVAILABLE UPON REQUEST, AND ON-SITE ALCOHOL & DRUG COUNSELING SERVICES.Expenses $152,103 · revenue $120,404
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 95-3288131
- 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
- 1979
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L410)
- Assets (IRS master file)
- $1,766,988
- Income (IRS master file)
- $582,633
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $582,633 | $1,440,942 | $1,766,988 | IRS |
| 990 | June 2024 | $701,087 | $1,276,424 | $1,781,859 | IRS |
| 990 | June 2023 | $783,967 | $1,239,987 | $266,051 | XML |
| 990 | June 2022 | $1,222,652 | $1,397,775 | $316,368 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
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 95-3288131).
Questions about SKID ROW DEVELOPMENT CORP
- What is the EIN of SKID ROW DEVELOPMENT CORP?
- The employer identification number (EIN) of SKID ROW DEVELOPMENT CORP is 95-3288131.
- Is SKID ROW DEVELOPMENT CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1979.
- Are donations to SKID ROW DEVELOPMENT CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SKID ROW DEVELOPMENT CORP 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 SKID ROW DEVELOPMENT CORP due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SKID ROW DEVELOPMENT CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who are the officers and directors of SKID ROW DEVELOPMENT CORP?
- The 990 for the year ended June 30, 2025 lists 6 people; 1 received compensation from the organization, the highest $11,226 (Marcia Reddy, CEO).
- How much revenue does SKID ROW DEVELOPMENT CORP have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $582,633, expenses of $1,440,942 and total assets of $1,766,988 at year end.
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