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The Homeless Industrial Complex:
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That's the message from Wall Street Apes in a viral post above that lays bare the obscene reality of Los Angeles "homeless" nonprofits. Carol Adelkoff, CEO of 1736 Family Crisis Center, hauled in $907,923 in 2023 (including a massive $495,000 bonus) and another $742,181 in 2024 — roughly $1.65 million in two years. She lives year-round in a 3,700-square-foot home on the Big Island of Hawaii while her taxpayer-funded operation (94% government grants, about $15 million annually) is supposedly fixing Southern California's streets.
Her base pay had long hovered around $405,000. The explosion came from cashing out decades of unused vacation. The next-highest employee at the outfit made about $206,000. Meanwhile, other LA homeless nonprofit bosses pull down $481,000 (Kevin Murray, Weingart Center), $424,000 (Eli Veitzer, Jewish Family Service of Los Angeles), and $379,000 (Jennifer Hark Dietz, PATH). These numbers would buy a dozen carpenters building actual homes, multiple ER doctors, or several teachers — people who produce results instead of managing failure.
This is not compassion. This is the Homeless Industrial Complex — a Democrat-aligned machine of NGOs, bureaucrats, and activists that thrives on permanent crisis. The more people stay on the street, the more grants, contracts, and executive paychecks flow. Outcomes never improve in any lasting way under their model. They get worse. That's the business model.
You aren't nearly made enough
— Wall Street Apes (@WallStreetApes) August 12, 2026
"Jobs that pay less than a Los Angeles homeless nonprofit CEO who lives in Hawaii:
- The US president's salary x2
- 12 carpenters to build actual homes
- 2 ER doctors
- 2 Supreme Court justices
- 6 firefighters
- 8 bomb squad technicians
- 10… pic.twitter.com/uadbXpVlmK