Restore Neighborhoods La Inc
Public records show a registered, tax-exempt organization in good standing.
Points to look into
- It owes more than it owns.
These come from the organization's own tax return. There may be a good explanation; ask the charity.
What it says it does
REDUCE BLIGHT AND CREATE AFFORDABLE HOMEOWNERSHIP AND RENTAL OPPORTUNITIES IN NEIGHBORHOODS THROUGHOUT LOS ANGELES AND SURROUNDING COUNTIES BY PURCHASING, REHABILITATING, SELLING AND/OR DISPOSING OF RESIDENTIAL PROPERTIES.
- Income
- $944,436
- Spending
- $1.4 million
- Spent on programs
- 89%
- Reserves
- -22 months of spending
- Largest source of income
- fees for its services, 83%
- Employees
- 1
- Volunteers
- 0
- Highest pay
- $239,251, executive director
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 25 out of 100. Higher than 4% of charities in its peer group (housing, $250k to $1m).
Reserves
0 of 35Spendable reserves are negative: it owes or has committed more than it holds.
Debt
0 of 20It owes 130% of what it owns.
Living within its means
0 of 15Spending exceeded income by 44% of income.
Income trend
10 of 15Income fell 10% on the year before.
Spending floor
15 of 1589% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 84 out of 100. Higher than 57% of charities in its peer group (housing, $250k to $1m).
Independent board
18 of 253 of 3 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
6 of 15Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $1.2 million spent. HOME OWNERSHIP REHABILITATION PROGRAM: SINGLE FAMILY HOMES RESTORE NEIGHBORHOODS LA (RNLA) ACQUIRES FORECLOSED SINGLE-FAMILY HOMES IN BULK FROM THE NATIONAL COMMUNITY STABILIZATION TRUST AND OTHER SERVICING COMPANIES, REHABILITATES THEM AND SELLS THEM TO ELIGIBLE HOMEBUYERS WHOSE INCOME DOES NOT EXCEED 120% OF AMI. THE HOME WILL BE REHABILITATED TO MEET CODE REQUIREMENTS, ADDRESS ALL MAJOR BUILDING DEFICIENCIES, AND INCORPORATE ENVIRONMENTALLY RESPONSIBLE GREEN BUILDING COMPONENTS. SOME PROPERTIES MAY BE RIGHT-SIZED WITH THE ADDITION OF A NEW BEDROOM AND BATHROOM TO BETTER ACCOMMODATE THE NEEDS OF LARGER HOUSEHOLDS. AS REHABILITATION IS NEARING COMPLETION, RNLA WILL LIST ALL HOMES FOR SALE ON OUR WEBSITE UNDER THE PROPERTIES SECTION. MULTI-UNIT PROPERTIES RNLA WILL ALSO PURCHASE FORECLOSED AND ABANDONED 2-4 MULTI-UNIT, AND 5+ UNIT RENTAL PROPERTIES AND OFFER THEM, THROUGH A COMPETITIVE PROCESS, FOR OWNERSHIP AND REHABILTATION BY ORGANIZATIONS WITH DEMONSTRATED CAPACITY AND EXPERIENCE WITH AFFORDABLE HOUSING DEVELOPMENT AND MANAGEMENT. RNLA WILL GROUP THESE MULTI-FAMILY PROPERTIES INTO CLUSTERS WITH SOME GEOGRAPHIC PROXIMITY IN ORDER TO ACHIEVE ECONOMIES OF SCALE WITH THE REHABILITATION AND LONG-TERM OPERATION OF THE RENTAL PROPERTIES. RNLA WILL FULLY COMPLY WITH THE CITY OF LOS ANGELES RENT STABILIZATION ORDINANCE WHICH PROTECTS TENANTS FROM EVICTION AS A RESULT OF A FORECLOSURE. IT IS ANTICIPATED THAT MANY RNLA PURCHASED MULTI-FAMILY PROPERTIES WILL BE PARTIALLY OR FULLY OCCUPIED. IF TEMPORARY RELOCATION IS NECESSARY TO FACILITATE A TIMELY REHABILITATION OF THE PROPERTY, RNLA WILL WORK WITH EXISTING TENANTS TO MINIMIZE DISRUPTION.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since April 2010.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.