Program areas at Genesis LA
The organization assisted in combating community deterioration by implementing, supporting or contributing to the support of programs, projects and activities of public nature designed to stimulate, foster, coordinate, plan, improve and encourage Economic development thereby ameliorating conditions of poverty, dependency, chronic unemployment and under-employment, rising community tensions, and social and Economic disparity in areas of poverty and areas impacted by natural and unnatural disasters.
Grants made by Genesis LA
Who funds Genesis LA
Grants from foundations and other nonprofits
Personnel at Genesis LA
| Name | Title | Compensation | Date of data |
|---|
| Tom de Simone | President and Chief Executive Officer | | 2024-04-23 |
| Jem Dicioco | Director of Finance | | 2024-04-23 |
| Jessica Waybright | General Counsel | $154,091 | 2024-04-23 |
| Benjamin Wang | Loan Portfolio Manager | | 2024-04-23 |
| Alejandro Gonzalez | Program Manager | | 2024-04-23 |
| ...and 6 more key personnel |
Financials for Genesis LA
| Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
|---|
| Total grants, contributions, etc. | $24,237,093 | $16,335,778 | 48.4% |
| Program services | $2,834,208 | $1,585,930 | 78.7% |
| Investment income and dividends | $2,818,746 | $2,302,788 | 22.4% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $24,100 | -100% |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $29,890,047 | $20,248,596 | 47.6% |
Organizations like Genesis LA
| Organization | Type | Location | Revenue |
|---|
| Calvert Impact Capital (CIC) | 501(c)(3) | Bethesda, MD | $30,134,256 |
| Opportunity Finance Network (OFN) | 501(c)(3) | Philadelphia, PA | $76,048,439 |
| Initiative Foundation | 501(c)(3) | Little Falls, MN | $18,836,412 |
| LiftFund | 501(c)(3) | San Antonio, TX | $51,818,585 |
| Downtown Cleveland Alliance | 501(c)(3) | Cleveland, OH | $10,662,475 |
| 43north BPC | 501(c)(3) | Buffalo, NY | $8,181,242 |
| Investsc | 501(c)(3) | Columbia, SC | $11,486,593 |
| East Baltimore Development (EBDI) | 501(c)(3) | Baltimore, MD | $30,262,944 |
| Community Investment Corporation | 501(c)(3) | Tucson, AZ | $29,133,218 |
| Columbus Downtown Development Corporation (CDDC) | 501(c)(3) | Columbus, OH | $21,128,443 |
Data update history
April 24, 2024
Updated personnel
Identified 7 new personnel
October 3, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Business and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
Receives government fundingTax deductible donations
General information
- Address
- 801 S Grand Ave 775
- Los Angeles, CA 90017
- Metro area
- Los Angeles-Long Beach-Anaheim, CA
- County
- Los Angeles County, CA
- Website URL
- genesisla.org/Â
- Phone
- (213) 533-8900
- Facebook page
- genesislaCDFIÂ
- Twitter profile
- @genesisla_cdfiÂ
IRS details
- EIN
- 95-4712513
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1998
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S31: Urban, Community Economic Development
- NAICS code, primary
- 522120: Savings Institutions
- Parent/child status
- Independent
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