LOS ANGELES COMMUNITY CAPITAL
Mission Statement
Los Angeles Community Capital (LACC) is a community development corporation whose mission is to build healthy communities where low-income people live and work. LACC shall accomplish this mission by investing in projects that provide affordable housing, good jobs, and new opportunities in low-income communities, connecting these neighborhoods to the mainstream economy. LACC believe that low-income communities are entitled to the same expertise and expectations of excellence available to their wealthier neighbors. Los Angeles Community Capital works to connect underserved communities with mainstream sources of capital. LACC endeavors to stand at the intersection of downtown expertise and community values, working with organizations and individuals from all perspectives to reduce silos and create wealth, opportunities and lasting change. Alongside our affiliate, Poverty Solutions, Inc., we utilize contracts with the Federal Government, the State of California, and partnerships with private institutions to provide financial, educational, and consulting services. In addition, Poverty Solutions has been certified by the U.S. Treasury as a Community Development Financial Institution (CDFI) with primary goals of helping (1) low-income families become self-sufficient; and (2) small business owner succeed.
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
100.0% | 84.5% |
P10P90
|
Top quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
0.0% | 14.5% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
0.0 mo | 37.4 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
100.0% | 3.8% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
100.0% | 99.8% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
-25.0% | 0.0% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-16.7% | -0.4% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
0.0% | 5.8% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $750 | $750 | $0 | 100.0% | 0 |
| 2022 | $1K | $900 | $0 | 100.0% | 0 |
| 2021 | $1K | $900 | $200 | 100.0% | — |
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