Skid Row Housing Trust
96% goes to programs $3 to raise $100 Thin reserves Growing revenue
Skid Row Housing Trust is a 501(c)(3) organization based in Los Angeles, California, registered in 1990, with $61,246,558 in FY2024 revenue. CharityIndex grades it C, and it directs about 96% of spending to programs.
1317 E 7th St, Los Angeles, CA, 90021 EIN 95-4205316 Since 1990
Revenue (FY2024)
$61.2M
▲ 4491.9% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$39.6M
Net assets
-$25.3M
Employees
8
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →C+Program efficiency40% of the rating96% to programs · $3 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Skid Row Housing Trust: 96% to programs · $3 to raise $100 earns a C+ on this criterion. See the exact thresholds →
FFinancial health25% of the rating0 mo reserves · +35% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Skid Row Housing Trust: 0 mo reserves · +35% margin earns a F on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Skid Row Housing Trust: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Skid Row Housing Trust: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
The skid row housing trust (the trust) provides permanent supportive housing so that people who have, or at risk of, experiencing homelessness, prolonged extreme poverty, poor health, disabilities, mental illness and/or addiction can lead safe, stable lives in wellness.
What they do
The trust, through its wholly owned subsidiary, restorative neighborhood resources, llc (rnr), acquires, manages and resolves distressed residential mortgage loans and owned real estate in the service of ensuring housing retention and housing opportunities across diverse communities in the nation.in recent years, sellers of distressed mortgage assets, including hud, fannie mae, and freddie mac have designated portfolios for sale specifically to qualified, non-profit, 501c3 organizations. through, rnr, and the establishment of special purpose joint ventures with capital investors and specialty service provider relationships, the trust will proactively pursue these opportunities with focused outcome goals:1. provide workout solutions with borrowers aimed at home retention or transition to affordable rental housing,2. enable affordable purchase opportunities of vacant properties directly to newhomeowners,3. promote homeownership as a vehicle for financial stability and wealth building, including the ability to identify new homeowners that can initiate generational wealth for their families and their futures,4. increase the likelihood that individuals, families and communities have a stronger connection and ability to prosper.
Contact & location
- Address
- 1317 E 7th St, Los Angeles, CA, 90021
- City
- Los Angeles
- State
- California
- Subcategory
- Public Foundations
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $20.8M (FY2013) to $61.2M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $30.2MNet assets -$25.3M
Operating margin
35.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$4.9M
Total liabilities
$30.2M
Net assets
-$25.3M
Salaries & benefits
$582K
1% of expenses
Board members
9
8 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $61,246,558▲4492% | $39,554,874▲7.9% | -$25,297,982▲43.4% | $4,855,643▼96.6% | 990 |
| 2023 | -$1,394,520▼108% | $36,674,292▲42.8% | -$44,717,656▼1135% | $142,299,337▼30.3% | 990 |
| 2022 | $17,493,125▼6.6% | $25,688,424▲28.1% | -$3,621,041▼225% | $204,213,739▲0.6% | 990 |
| 2021 | $18,739,094▼19.9% | $20,048,349▼15.8% | $2,904,621▼49.0% | $203,059,004▲0.8% | 990 |
| 2020 | $23,394,489▲11.8% | $23,815,757▲19.2% | $5,696,415▲137% | $201,521,747▲43.2% | 990 |
| 2019 | $20,933,705▲31.0% | $19,973,872▲12.7% | -$15,304,232▼4.5% | $140,703,379▲36.3% | 990 |
| 2018 | $15,980,617▼12.8% | $17,728,352▲4.2% | -$14,643,080▲8.0% | $103,227,587▼22.8% | 990 |
| 2017 | $18,329,872▼14.1% | $17,015,360▼19.0% | -$15,909,987▲21.1% | $133,668,710▲24.2% | 990 |
| 2016 | $21,339,000▲17.0% | $21,003,687▲21.9% | -$20,155,359▼348% | $107,599,811▼11.3% | 990 |
| 2015 | $18,245,137▲18.2% | $17,229,219▲6.2% | -$4,495,134▲43.8% | $121,269,840▲14.1% | 990 |
| 2014 | $15,438,059▼25.9% | $16,229,947▼23.0% | -$7,991,509▲6.2% | $106,266,438▼9.4% | 990 |
| 2013 | $20,825,925 | $21,075,438▲38.2% | -$8,515,846▲13.0% | $117,327,269▲26.9% | 990 |
| 2012 | — | $15,250,623▲13.3% | -$9,791,798▼53.6% | $92,459,598▲9.3% | 990 |
| 2011 | — | $13,458,454▲12.6% | -$6,374,346▼67.7% | $84,577,074▼8.3% | 990 |
| 2010 | — | $11,956,613 | -$3,802,085 | $92,205,415 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Joanne C Russo Cordero — $296,040 (0.75% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Joanne C Russo Cordero | Cos, Interi Ceo | 40 | $296,040 |
| Blanca Hernandez | Asset Manager | 0 | $113,073 |
| Michael Alvidrez | Secretary | 40 | $100,931 |
| Diana Skidmore | Director | 0.31 | — |
| Diane Ballen | Director | 0.31 | — |
| Katherine Perez | Director | 0.31 | — |
| Max Kolomeyer | Treasurer | 0.31 | — |
| Patrick Spillane | Director | 0.31 | — |
| Paul Gregerson Md | Director | 0.31 | — |
| Sierra Atilano | Pres & Chief Re | 40 | — |
| Simon Ha | Chairman | 0.31 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Baygrape Technology LLC | It Consulting | $179,000 |
Grants received · $3.3M total
48 grants to Skid Row Housing Trust totaling $3.3M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Corporation For Supportive Housing | Financial assistance | 2023 | $400,000 |
| California Community Foundation | Housing | 2022 | $203,000 |
| United Way Inc | Crisis solutions | 2022 | $21,500 |
| The Ucla Foundation | General support | 2022 | $20,000 |
| American Online Giving Foundation Inc | General support | 2022 | $18,232 |
| Cedars-sinai Medical Center | General support | 2021 | $200,000 |
| United Way Inc | Housing | 2021 | $85,000 |
| California Community Foundation | Housing | 2021 | $43,724 |
| Local Initiatives Support Corporation | See part iv | 2021 | $30,000 |
| American Online Giving Foundation Inc | General support | 2021 | $7,639 |
| Cedars-sinai Medical Center | Homelessness and housing grant | 2020 | $100,000 |
| California Community Foundation | Housing | 2020 | $53,200 |
| Local Initiatives Support Corporation | See part iv | 2020 | $30,000 |
| Corporation For Supportive Housing | Financial assistance | 2020 | $25,000 |
| United Way Inc | Housing | 2020 | $25,000 |
Grants made · $7,500 in FY2017
1 grant totaling $7,500 in FY2017. All grants made by Skid Row Housing Trust →
| Recipient | Purpose | Amount |
|---|---|---|
| Los Angeles Christian Health Centers | To support low-income housing act | $7,500 |
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Frequently asked questions
- Is Skid Row Housing Trust a legitimate nonprofit?
- Yes. Skid Row Housing Trust is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 95-4205316, based in Los Angeles, California. Donations are tax-deductible.
- What is Skid Row Housing Trust's EIN?
- Skid Row Housing Trust's Employer Identification Number (EIN) is 95-4205316.
- How much revenue does Skid Row Housing Trust report?
- Skid Row Housing Trust reported $61,246,558 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Skid Row Housing Trust's spending goes to programs?
- Skid Row Housing Trust spends about 96% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Skid Row Housing Trust have?
- CharityIndex grades Skid Row Housing Trust C, based on program efficiency and fundraising cost.
- How much does Skid Row Housing Trust's highest-paid employee make?
- The highest reported compensation on Skid Row Housing Trust's latest Form 990 is $296,040, paid to Joanne C Russo Cordero (Cos, Interi Ceo).
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Data for Skid Row Housing Trust (EIN 95-4205316) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.