2021-05-13T15:47:59-05:00 2020-06-30 BDO USA LLP 8401 GREENSBORO DRIVE 800 MCLEAN VA 22102 990 2019-07-01 953567895 Los Angeles LGBT Center % MIGUEL MEDEL SN DIR FIN & A LOSA 3239937618 1118 N McCadden Place LOS ANGELES CA 90038 RICARDO DELEON CFO 3239938948 2021-05-12 true Marc Berger P01871563 7038930600 2019 2022-09-23 18:48:47Z LORRI L JEAN CEO 1118 N McCadden Place LOS ANGELES CA 90038 153568731 false X https://lalgbtcenter.org X 1972 CA BUILDING A WORLD WHERE LGBT PEOPLE THRIVE AS HEALTHY, EQUAL AND COMPLETE MEMBERS OF SOCIETY. 22 22 925 1244 0 0 44299432 39936779 90249916 100330412 1517997 -153201 -1512125 379068 134555220 140493058 18652489 1448237 0 0 47453299 54264759 80686 80483 3417479 69506563 76456587 135693037 132250066 -1137817 8242992 109414299 113059219 24940626 19825246 84473673 93233973 X BUILDING A WORLD WHERE LGBT PEOPLE THRIVE AS HEALTHY, EQUAL AND COMPLETE MEMBERS OF SOCIETY. false false 101684881 0 100442898 See schedule O - "Form 990 Part III lines 4a - 4d Other Program Services" 12645106 0 0 See schedule O - "Form 990 Part III lines 4a - 4d Other Program Services" 4381557 1448237 114272 See schedule O - "Form 990 Part III lines 4a - 4d Other Program Services" 1937868 0 0 Public Affairs 1831771 0 85373 Cultural Arts & Education 1455927 0 7736 LEGAL SERVICES 2062811 0 -4465 Senior Services 966974 0 4748 Culinary Arts 8255351 0 93392 126966895 true true false true false false false false false false true false false false true true false true false true true true false true true true false true false true false false false false false false false false true false false false true true false false false true 232 0 true 925 true false false false false false true true false false false false false false X 22 22 true false false false false false false true true false false true true true true true true true true false CA X X MIGUEL MEDEL SN DIR FIN A 3239937618 1118 N MCCADDEN PL LOS ANGELES CA 90038 X Lorri L Jean Chief Executive Officer 55.0 2.0 X 659728 0 11884 Darrel Cummings Chief of Staff 53.0 0.5 X 464969 0 10734 Robert Bolan Medical Director 40.0 0.0 X 302329 0 0 Amir Ahuja Director of Psychiatry 40.0 0.0 X 270995 0 9234 Michael J Holtzman Chief Financial Officer 40.0 15.0 X 247300 0 11934 Ward Carpenter Physician 40.0 0.0 X 243640 0 9234 Jason Michael Hall Physician 40.0 0.0 X 241046 0 10234 Matthew Sexter Physician 40.0 0.0 X 215251 0 9210 Marki J Knox MD Board MEMBER 2.0 0.0 X 0 0 0 David J Bailey Board Co-chair 5.0 0.5 X 0 0 0 Tess Ayers Board Secretary 3.0 0.0 X 0 0 0 Tyler Cassity Treasurer 3.0 0.0 X 0 0 0 Karim Abay Board Member 2.0 0.0 X 0 0 0 LuAnn Boylan Board Member 2.0 0.0 X 0 0 0 Tad Brown Board Member 2.0 0.0 X 0 0 0 Sarah Dusseault Board Member 2.0 0.0 X 0 0 0 Carolyn A Dye Board Member 2.0 0.0 X 0 0 0 Susan Feniger Board CO-CHAIR 5.0 0.0 X 0 0 0 Alfred Fraijo Jr Board Member 2.0 0.0 X 0 0 0 JAMES ALVA Board Member 2.0 0.0 X 0 0 0 Annie Imhoff Board Member 2.0 0.0 X 0 0 0 Michael Lombardo Board Member 2.0 0.0 X 0 0 0 Carlos Medina Board Member 2.0 0.0 X 0 0 0 Lucinda Moorhead Board Member 2.0 0.0 X 0 0 0 Michael Mueller Board Member 2.0 0.0 X 0 0 0 Loren S Ostrow Board Member 2.0 0.0 X 0 0 0 Jayzen Patria Board Member 2.0 0.0 X 0 0 0 Frank Pond Board Member 2.0 0.0 X 0 0 0 Don Thomas Board Member 2.0 0.0 X 0 0 0 Amy Gordon Yanow Board Member 2.0 0.0 X 0 0 0 2645258 0 72464 69 false true false ITSAVVY LLC PO BOX 3296 GLEN ELLYN IL 60138 IT Services 492797 ELSHIR ENTERPRISES LP 319 S ROBERTSON BLVD BEVERLY HILLS CA 90211 RENT 239662 1220 HIGHLAND LLC 6372 SANTA MONICA BLVD LOS ANGELES CA 90038 RENT 230619 QUEST DIAGNOSTICS PO BOX 50368 LOS ANGELES CA 90074 LAB SERVICES 213029 BDO USA LLP PO BOX 677973 DALLAS TX 75267 AUDIT/TAX SERVICES 204228 8 3235990 23499221 13201568 29443 39936779 PROGRAM SERVICE FEES 621300 100330412 100330412 100330412 867297 867297 0 0 82734 160260 -77526 0 -77526 -77526 9787859 0 10806623 1734 -1018764 -1734 -1020498 -1020498 2209500 3235990 2091681 117819 117819 34000 15375 18625 18625 0 0 0 OTHER INCOME 900099 320150 320150 0 0 320150 140493058 100650562 0 -94283 1183238 1183238 0 0 264999 264999 0 1414262 351028 754058 309176 0 41856147 36111557 4235019 1509571 0 7520501 6674728 612534 233239 3473849 2983406 356323 134120 0 105773 12428 93345 207645 207645 65000 65000 80483 80483 93765 93765 2884369 2680965 168173 35231 1026451 680282 211181 134988 1586373 1014238 555246 16889 2038499 1155033 806444 77022 0 2982839 2267529 653532 61778 232180 193180 30355 8645 0 44118 38814 1702 3602 7167 5575 1377 215 0 1528343 1341202 157675 29466 481240 90249 387864 3127 PHARMACEUTICALS 55756217 55756217 CLIENT SERVICES 2389567 2389532 35 MISCELLANEOUS EXPENSES 2329722 366362 1953718 9642 PROGRAM EVENTS 1736750 1698201 4206 34343 960569 9643132 -9418470 735907 132250066 126966895 1865692 3417479 X 2201107 482330 0 1718777 X 19430841 16125274 0 0 12785967 12524526 13845549 14784186 0 0 0 0 28910100 28910100 978504 1035104 3661434 4296354 32250053 16571730 10453717 15678323 16944598 17229487 0 0 0 0 0 0 2403589 2475865 109414299 113059219 11764481 11416102 0 0 1217941 1769669 0 0 0 0 0 0 4936338 4911728 0 0 7021866 1727747 24940626 19825246 X 74849114 84712066 9624559 8521907 84473673 93233973 109414299 113059219 8242992 517308 X false true X true true true X 24202573 29792105 39542561 44299432 39936779 177773450 0 0 24202573 29792105 39542561 44299432 39936779 177773450 1410677 176362773 716806 1160993 957848 1524750 950031 5310428 0 0 0 0 136444 136444 785682 2052139 753520 434360 320150 4345851 187566173 400833932 0.94027 0.93760 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1000000 1000000 1500000 59487 59487 250000 250000 375000 false true false false false true 65000 true 80559 false false 145559 false SCHEDULE C, PART II-B, LINE 1F THE LOS ANGELES LGBT CENTER PAID $65,000 TO HOLLAND & KNIGHT LLP TO PROVIDE FEDERAL ADVOCACY SERVICES. SCHEDULE C, PART II-B, LINE 1G THE LOS ANGELES LGBT CENTER PAID $80,559 TO EMPLOYEES FOR TIME SPENT TO ADVOCATE TO FEDERAL, STATE, AND LOCAL JURISDICTIONS. 7928073 7928073 14511587 10514955 3996632 2551022 2121824 429198 2468175 1462843 1005332 4791196 2472108 2319088 15678323 0 ANNUITIES PAYABLE 1098054 INTEREST PAYABLE 466722 PAYABLE TO AFFILIATE 162971 1727747 X SCHEDULE D PART X, LINE 2 - FIN 48 (ASC 740) FOOTNOTE THE CENTER HAS EVALUATED ITS TAX POSITIONS AND THE CERTAINTY AS TO WHETHER THOSE POSITIONS WILL BE SUSTAINED IN THE EVENT OF ANY AUDIT BY TAXING AUTHORITIES AT THE FEDERAL AND STATE LEVELS. THE PRIMARY TAX POSITIONS EVALUATED RELATE TO THE CENTER'S CONTINUED QUALIFICATION AS A TAX-EXEMPT ORGANIZATION AND WHETHER THERE ARE UNRELATED BUSINESS INCOME ACTIVITIES THAT WOULD BE TAXABLE. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS WILL MORE LIKELY THAN NOT BE SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. FOR THE YEARS ENDED JUNE 30, 2020 AND 2019, THERE WERE NO INTEREST OR PENALTIES RECORDED OR INCLUDED IN THE CONSOLIDATED STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS RELATED TO TAXES. true East Asia and the Pacific 0 0 Grantmaking LGBT Equality 264999 0 0 0 0 264999 264999 East Asia and the Pacific LGBT 245999 N/A N/A 1 true false false false false false Schedule F, Part I, line 2 Funds are monitored by using copies of receipts submitted to the Center from the organization. They are reviewed to ensure they are budgeted, reasonable, allowable and expensed within the budget period. X X X X X X X true VERITUS GROUP LLC PO BOX 18294 ASHEVILLE NC 28814 MAJOR GIFT CONSULTING false 0 45530 -45530 MARKETSMART LLC 6404 IVY LANE SUITE 110 GREENBELT MD 20770 DIRECT MAIL false 0 17352 -17352 JACKSON RIVER LLC PO BOX 931604 ATLANTA GA 31193 DIRECT MAIL false 0 11880 -11880 CAROL ENTERS LIST CO INC 9663-C MAIN STREET FAIRFAX VA 22032 DIRECT MAIL false 0 5721 -5721 0 80483 -80483 CA AIDS/LIFECYCLE 3521238 3235990 285248 1718777 ANNIVER. GALA 1648460 1648460 356534 3 275792 275792 16370 5445490 3235990 2209500 2091681 2091681 117819 34000 15375 false 34000 15375 15375 18625 CA true false false false 1.00000 MIGUEL MEDEL SENIOR DIRECTOR OF FI 1118 North McCadden Place LOS ANGELES CA 90038 false NA true SCHEDULE G, PART III, LINE 3 Direct Expenses represent the fair market value of the donated raffle items. true AMR CAMPUS QALICB INC 1625 N SCHRADER BLVD LOS ANGELES CA 90028 815272537 501(C)(3) 1144238 COST CIP Construction CENTERLINK INC PO BOX 24490 FORT LAUDERDALE FL 33307 522292725 501(C)(3) 20000 Donation BLACK AIDS INSTITUTE 1833 W 8TH ST 200 LOS ANGELES CA 90057 954742741 501(C)(3) 7500 Donation UC REGENTS 11075 SM Blvd LOS ANGELES CA 90025 956006143 501(C)(3) 7000 Donation 4 SCHEDULE I, PART I, LINE 2 - MONITORING GRANTS ONGOING MONITORING OF SUB-RECIPIENTS BY THE LOS ANGELES LGBT CENTER WILL VARY FROM SUB-RECIPIENT TO SUB-RECIPIENT, BASED ON THE NATURE OF WORK ASSIGNED TO EACH SUB-RECIPIENT. SCHEDULE I, PART II, COLUMN (H) - PURPOSE OF GRANT OR ASSISTANCE (1)(H) AMR CAMPUS QALICB, INC. WAS FORMED TO DEVELOP, CONSTRUCT, MAINTAIN, AND OPERATE THE PHYSICAL FACILITIES ASSOCIATED WITH THE ANITA MAY ROSENSTEIN CAMPUS PROJECT OF THE CENTER. THE MIXED-USE PROJECT WILL PROVIDE CRITICAL SERVICES AND HOUSING FOR AT-RISK SENIORS AND YOUTH AND WILL ALSO INCLUDE A NEW HEADQUARTERS FOR THE CENTER AS WELL AS RETAIL SPACE. X true true X X X X X X false false false false false false false false false Lorri L Jean Chief Executive Officer 437350 0 82200 0 140178 0 0 0 11884 0 671612 0 0 0 Darrel Cummings Chief of Staff 343500 0 30248 0 91221 0 0 0 10734 0 475703 0 0 0 Michael J Holtzman Chief Financial Officer 237300 0 10000 0 0 0 0 0 11934 0 259234 0 0 0 Robert Bolan Medical Director 302329 0 0 0 0 0 0 0 0 0 302329 0 0 0 Amir Ahuja Director of Psychiatry 270995 0 0 0 0 0 0 0 9234 0 280229 0 0 0 Ward Carpenter Physician 243640 0 0 0 0 0 0 0 9234 0 252874 0 0 0 Jason Michael Hall Physician 241046 0 0 0 0 0 0 0 10234 0 251280 0 0 0 Matthew Sexter Physician 215251 0 0 0 0 0 0 0 9210 0 224461 0 0 0 Schedule J, PART I, LINE 1A The CHIEF OF STAFF and CHIEF EXECUTIVE OFFICER received gross-up PAYMENTS for excess life insurance and severance entitlements reported as COMPENSATION LISTED ABOVE. X Misc Gen Gifts 39 29443 FMV false false false SCHEDULE M, PART I, LINE 25(B) The organization reports the number of contributions in Part I, column (b). FORM 990, PART III, Line 1 STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS SINCE ITS INCEPTION, THE LOS ANGELES LGBT CENTER (CENTER) HAS BEEN BUILDING A WORLD WHERE LGBT PEOPLE THRIVE AS HEALTHY, EQUAL AND COMPLETE MEMBERS OF SOCIETY. WITH TOTAL CONSOLIDATED ASSETS OF $192 MILLION, TODAYS CENTER EMPLOYS OVER 700 PAID STAFF AND 1,244 VOLUTEERS IN 10 LOCATIONS ACROSS LOS ANGELES. THE COMMUNITY IS SERVED AT A RATE OF NEARLY 50,000 VISITS EVERY MONTH. CLIENTS ARE PRIMARILY LOW AND MODERATE INCOME, AND VIRTUALLY ALL PROGRAMS ARE FREE OR LOW COST. THE CENTERS MANY SERVICES ARE TAILORED SPECIFICALLY FOR PEOPLE AND INCLUDE: LGBT HEALTHCARE AND MEDICATION WITH SPECIALTIES IN HIV/AIDS AND TRANSGENDER CARE AND HIV PREVENTION; COUNSELING AND ADDICTION RECOVERY; HOUSING, FOOD, EDUCATION AND EMPLOYMENT TRAINING FOR YOUTH EXPERIENCING HOMELESSNESS; ESSENTIAL SERVICES AND AFFORDABLE HOUSING FOR SENIORS; LEGAL SERVICES; ADVOCACY AND POLICY WORK; CULTURAL ARTS PROGRAMS AND MORE. Form 990, Part III, Lines 4a-4d 4A) Health Services: The Center is one of the nations largest and most experienced providers of LGBT health and mental health care. Were also one of the few Federally Qualified Health Centers in the nation specifically for LGBT people. Our medical providers specialize in caring for lesbian and gay people, bisexual men and women, and transgender men and women. We also offer HIV and AIDS specialty care and free HIV and AIDS testing and prevention programs, counseling services, domestic violence services, a clinical research program and a full-service pharmacy. Virtually all OF our services are low-cost or free. 4B) Children, Youth & Family Services: The Center is a vital social safety net for the LGBT community and a safe, welcoming place where individuals can find help, as well as hope, when they most need it. Homeless LGBT youth and their allies turn to us for meals, clothing, counseling, medical care and a wide range of services, including a safe home for a night or for up to 18 months. We also help all LGBT youth reach their full potential through one-on-one mentoring, scholarships, a charter high school, the worlds largest free conference for LGBT Youth (Models of Pride) and much more. To help build stronger families, we provide support services, activities and events for LGBT parents and their children and advocate for them in schools. Were also leading efforts to help end anti-LGBT bigotry on school campuses and even the thought of suicide among LGBT students. And we're revolutionizing the care and treatment of LGBT youth in the foster system to help them not only feel safe and loved, but to develop lasting family connections. 4C) Policy & Community Building Programs: We fight to advance civil rights and freedoms for LGBT people domestically and internationally through education, advocacy and community organizing. We also advocate locally and nationally for policies and funding streams that advance the health and wellness of our diverse community. Because we have unique expertise to strengthen the global LGBT movement, we operate a mentoring program thats developing a new generation of leaders in strategic domestic and international community. 4D-1) Public Affairs: We promote LGBT visibility and awareness in the media, manage all of the Centers external communications, including: e-newsletters, websites, blog, Vanguard magazine, annual report, social media, etc. and create all graphics and marketing/promotional collateral. 4D-2) Cultural Arts & Education: In our galleries, and on our stages, we produce award-winning performances and host exhibitions that reflect and celebrate the lives and experiences of LGBT people. Were just as proud to showcase the work of emerging artists and performers as we are to entertain audiences with shows by celebrities like Kathy Griffin, Alec Mapa, Coco Peru and others. 4D-3) Legal Services: we Provide free or low-cost legal services through an evening legal clinic, referrals to LGBT-sensitive attorneys and assistance with preparing legal documents. This department helps low-income transgender people develop the skills and resources to find employment and matches them with trans-friendly employers, many of which have benefited from our transgender sensitivity trainings. Staff also provides free and low-cost advocacy and support for victims of domestic violence and anti-LGBT hate crimes. 4D-4) Senior Services: Our fast-growing Senior Services Department helps meet many of the life-sustaining needs of LGBT people over the age of 50, including food and case management, while providing a wide array of life- and health-enriching programs/activities that help end the isolation so many experience. We also operate Triangle Square, the world's first-and one of the nation's largest-affordable housing developments for LGBT seniors. one of the nation's largest-affordable housing developments for LGBT seniors. 4D-5) Culinary Arts: Culinary training, meal production, and job placement are the hallmarks of the Los Angeles LGBT Centers Culinary Arts program. Enrolling up to 100 students a year, the program provides the foundation of required culinary skills for students to secure jobs and pursue meaningful careers throughout the Los Angeles restaurant and hospitality sectors. Form 990, Part VI, Section A, Line 2 GOVERNING BODY AND MANAGEMENT THE FOLLOWING BOARD MEMBERS HAVE A BUSINESS RELATIONSHIP WITH LOREN S. OSTROW, NONE OF WHICH ARE RELATED TO THE CENTER, TAD BROWN, SUSAN FENIGER, ERIC M. SHORE, LORRI L. JEAN, AND MICHAEL LOMBARDO. Form 990, Part VI, Section B, Line 11b POLICIES THE CHIEF FINANCIAL OFFICER, CONTROLLER AND CHIEF EXECUTIVE OFFICER RESPOND TO QUESTIONS PRESENTED BY THE ACCOUNTANTS. ONCE A DRAFT OF THE FORM 990 IS COMPLETED BY THE ACCOUNTANTS, THIS DRAFT IS REVIEWED BY THE CHIEF FINANCIAL OFFICER, SENIOR DIRECTOR OF FINANCE AND ACCOUNTING AND CHIEF EXECUTIVE OFFICER. THE DRAFT IS ALSO PROVIDED TO THE CO-CHAIRS OF THE BOARD OF DIRECTORS AND THE TREASURER OF THE BOARD OF DIRECTORS. THE FINAL FORM 990 IS PROVIDED TO THE ENTIRE BOARD OF DIRECTORS PRIOR TO FILING. Form 990, Part VI, Section B, Line 12c CONFLICT OF INTEREST POLICY THE CENTER CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THIS POLICY BY REQUIRING THAT ALL BOARD MEMBERS AND KEY EMPLOYEES REVIEW THE CONFLICT OF INTEREST POLICY AND COMPLETE A DISCLOSURE QUESTIONNAIRE WITHIN 60 DAYS OF ASSUMING THEIR POSITIONS AND ANNUALLY THEREAFTER NO LATER THAN MARCH 1ST. IN ADDITION, BOARD MEMBERS AND KEY EMPLOYEES ARE ADVISED THAT, SUBSEQUENT TO THE COMPLETION OF THEIR DISCLOSURE QUESTIONNAIRE, SHOULD THEY OR THEIR AFFILIATED PERSONS DEVELOP RELATIONSHIPS THAT MIGHT PRESENT A CONFLICT OF INTEREST, THEY MUST IMMEDIATELY DISCLOSE SUCH RELATIONSHIPS BY UPDATING THEIR QUESTIONNAIRES. BOARD MEMBERS AND KEY EMPLOYEES ARE REMINDED OF THIS REQUIREMENT IN FEBRUARY OF EACH YEAR. MOREOVER, ADVANCE DISCLOSURE IS REQUIRED OF ANY AND ALL INTERESTS WHICH THE BOARD MEMBER OR KEY EMPLOYEE OR HIS/HER AFFILIATED PERSONS MAY HAVE IN ANY MATTERS PENDING BEFORE THE CENTER AND THE DISCLOSING PARTY SHALL NOT PARTICIPATE IN ANY DECISIONS ON SUCH MATTERS. RECORDS ARE KEPT OF ALL DISCLOSURES AND, AFTER EXERCISING DUE DILIGENCE, EXPRESS DETERMINATIONS ARE MADE AS TO WHETHER ANY ACTUAL CONFLICTS OF INTEREST EXIST. IF IT IS DETERMINED THAT A CONFLICT DOES EXIST, APPROPRIATE ACTION IS TAKEN. Form 990, Part VI, Section B, Lines 15a and 15b PROCESS FOR DETERMINING COMPENSATION THE CHIEF EXECUTIVE OFFICER'S COMPENSATION PACKAGE WAS NEGOTIATED BY AN INDEPENDENT COMPENSATION COMMITTEE AUTHORIZED BY THE BOARD OF DIRECTORS AND COMPRISED OF THE CO-CHAIRS OF THE BOARD. THIS COMMITTEE REVIEWED MISCELLANEOUS DATA REGARDING THE COMPENSATION PACKAGES OF CEO'S AT COMPARABLE ORGANIZATIONS, TO INCLUDE A COMPENSATION SURVEY CONDUCTED EXPRESSLY FOR THIS PURPOSE AS WELL AS PRE-EXISTING COMPENSATION STUDIES AND SURVEYS AND THE FORM 990'S OF OTHER ORGANIZATIONS. AN INDEPENDENT COMPENSATION CONSULTANT ALSO WAS ENGAGED. ULTIMATELY, THE TERMS OF THE COMPENSATION PACKAGE WERE APPROVED BY THE BOARD OF DIRECTORS. AN EMPLOYMENT CONTRACT WAS SIGNED BY THE CO-CHAIRS AND THE CEO. WHEN THE CHIEF FINANCIAL OFFICER POSITION WAS BEING FILLED DURING FY 2015, AN INDEPENDENT COMPENSATION COMMITTEE COMPRISED OF THE CEO, CHIEF OF STAFF AND CHIEF ADMINISTRATIVE OFFICER REVIEWED MISCELLANEOUS DATA REGARDING THE SALARIES OF CFO'S AT COMPARABLE ORGANIZATIONS, TO INCLUDE A COMPENSATION SURVEY CONDUCTED EXPRESSLY FOR THIS PURPOSE AS WELL AS PRE-EXISTING COMPENSATION STUDIES AND SURVEYS AND THE FORM 990'S OF OTHER ORGANIZATIONS. ADVICE WAS SOUGHT FROM INDEPENDENT EXPERTS IN SALARIES PAID TO NONPROFIT CFOS. PROSPECTIVE SALARY RANGES WERE DISCUSSED WITH THE BOARD CO-CHAIRS AND THE FINANCE COMMITTEE AND THE FINAL SALARY WAS DISCLOSED TO THE BOARD OF DIRECTORS IN EXECUTIVE SESSION AND APPROVED. FOR OTHER KEY EMPLOYEES, SIMILAR BUT LESS EXTENSIVE PROCESSES WERE FOLLOWED, OFTEN INVOLVING THE DIRECTOR OF HUMAN RESOURCES. Form 990, Part VI, Section C, Line 19 DISCLOSURE THE CENTER'S FINANCIAL STATEMENTS ARE AVAILABLE ON THE CENTER'S WEBSITE AT WWW.LALGBTCENTER.ORG. OTHER PUBLIC DOCUMENTS AND POLICIES ARE AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990 Part X, Line 7 ON JUNE 23, 2017, THE CENTER ENTERED INTO A NEW MARKETS TAX CREDIT (NMTC) TRANSACTION TO HELP FINANCE THE CONSTRUCTION OF THE ANITA MAY ROSENSTEIN CAMPUS. THE NMTC PROGRAM WAS DESIGNED TO STIMULATE INVESTMENT AND ECONOMIC GROWTH IN LOW-INCOME COMMUNITIES BY OFFERING A SEVEN-YEAR, FEDERAL TAX CREDIT FOR QUALIFIED EQUITY INVESTMENTS MADE THROUGH INVESTMENT VEHICLES KNOWN AS COMMUNITY DEVELOPMENT ENTITIES (CDES). CDES USE CAPITAL DERIVED FROM TAX CREDITS TO MAKE LOANS TO OR INVESTMENTS IN BUSINESSES AND PROJECTS IN LOW-INCOME AREAS UNDER FAVORABLE ECONOMIC TERMS, TYPICAL OF THIS TYPE OF TAX CREDITS-BASED DEALS. AS PART OF THIS TRANSACTION, THE CENTER COMMITTED TO LEND $28,910,000 TO AMR CAMPUS INVESTMENT FUND, LLC. THE LOAN BEARS AN INTEREST RATE OF 1.0% AND MATURES ON JUNE 23, 2041. MCCADDEN CAMPUS LLC 1625 NORTH SCHRADER BLVD LOS ANGELES CA 90028 471608033 REAL ESTATE CA 0 2955 LA LGBT CTR AMR CAMPUS QALICB INC 1625 NORTH SCHRADER BLVD LOS ANGELES CA 90028 815272537 DEVELOPMENT CA 501(C)(3) LINE 12A na true false true false false false false false false false false true false false false false false false false true AMR CAMPUS QALICB INC b 1144238 COST