EIN 95-3464837

Vermont-Slauson Economic Development Corporation

Name: Vermont-Slauson Economic Development Corporation financials for 2023
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(4)

Num. employees

City

Los Angeles

State

California

Year formed

1978

Most recent tax filings

2023-06-01

NTEE code, primary

S31: Urban, Community Economic Development

Description

Vermont Slauson Economic Development Corporation fosters business and residential development. The organization provides access to resources for minority-owned businesses through its Business Enterprise Center, which offers seminars, workshops, and individual consultations. The MTA program helps small and micro-businesses along the Crenshaw LAX transit project with technical business support services.

Total revenues

$3,541,327

2023

Total expenses

$2,651,066

2023

Total assets

$23,717,418

2023

Num. employees

2023

Program areas at Vermont-Slauson Economic Development Corporation

Business enterprise center - a small business center that offers seminars, workshops, and one-on-one consultations for minority-owned businesses. These are incubator spaces for small business entrepreneurs who are still trying to make it big in their respective businesses.

Other programs

Vsrc - provides rental spaces to major retailers to serve the needs of the community.

Who funds Vermont-Slauson Economic Development Corporation

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
MUFG Union Bank Foundation	2022-12	General Operating	$15,000

Personnel at Vermont-Slauson Economic Development Corporation

Name	Title	Compensation	Date of data
Joseph Rouzan	Executive Director	$269,636	2022-06-30
Federico Castillo	Accountant		2023-04-12
Kecia Washington	Board Chair	$0	2022-06-30
Kyla Lee	Treasurer	$0	2022-06-30
Shmel Graham	Secretary	$0	2022-06-30
...and 3 more key personnel

Financials for Vermont-Slauson Economic Development Corporation

Revenues	FYE 06/2023	FYE 06/2022	% Change
Total grants, contributions, etc.	$15,100	$99,112	-84.8%
Program services	$1,452,927	$1,288,326	12.8%
Investment income and dividends	$51,451	$1,799,507	-97.1%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$12,301	-100%
Net gain from sale of non-inventory assets	$62,697	$0	999%
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$1,959,152	$247,009	693.2%
Total revenues	$3,541,327	$3,446,255	2.8%

Form 990s for Vermont-Slauson Economic Development Corporation

Fiscal year ending	Date received by IRS	Form	PDF link
2023-06	2024-05-15	990	View PDF
2022-06	2023-04-12	990	View PDF
2021-06	2022-07-18	990O	View PDF
2020-06	2021-04-09	990	View PDF
2019-06	2020-10-08	990	View PDF
...and 9 more Form 990s

Organizations like Vermont-Slauson Economic Development Corporation

Organization	Type	Location	Revenue
Worcester Business Development Corporation	501(c)(4)	Worcester, MA	$1,869,155
Greater Lafayette Commerce / Lafayette-West Lafayette Development Corporation	501(c)(4)	Lafayette, IN	$4,383,419
The Bwi Business Partnership	501(c)(4)	Linthicum Heights, MD	$1,779,970
Westchester County Association	501(c)(4)	White Plains, NY	$2,370,076
Charleston Area Alliance	501(c)(4)	Charleston, WV	$3,509,217
Kentucky Highlands Investment Corporation	501(c)(4)	London, KY	$8,002,017
Downtown Mobile District Management Corporation	501(c)(4)	Mobile, AL	$2,006,199
Alloy Development	501(c)(4)	Cincinnati, OH	$6,538,933
Hocking County Community Improvement Corporation	501(c)(4)	Logan, OH	$952,597
Greater Berks Development Fund	501(c)(4)	Reading, PA	$4,581,165

Data update history

January 1, 2024

Received grants

Identified 1 new grant, including a grant for $15,000 from MUFG Union Bank Foundation

June 16, 2023

Posted financials

Added Form 990 for fiscal year 2022

June 14, 2023

Updated personnel

Identified 6 new personnel

June 9, 2023

Posted financials

Added Form 990 for fiscal year 2020

February 3, 2023

Posted financials

Added Form 990 for fiscal year 2021

Nonprofit Types

Public sector nonprofitsBusiness and community development organizationsHeadquarter / parent organizations

Issues

Community improvementEconomic development

Characteristics

Receives government fundingManagement and technical assistance

General information

Address: 1130 W Slauson Ave; Los Angeles, CA 90044
Metro area: Los Angeles-Long Beach-Anaheim, CA
County: Los Angeles County, CA
Website URL: vsedc.org/
Phone: (323) 753-2335

IRS details

EIN: 95-3464837
Fiscal year end: June
Taxreturn type: Form 990
Year formed: 1978
Eligible to receive tax-deductible contributions (Pub 78): No

Categorization

NTEE code, primary: S31: Urban, Community Economic Development
NAICS code, primary: 926110: Economic Development Corporations and Economic Program Organizations
Parent/child status: Central organization

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Vermont-Slauson Economic Development Corporation

Program areas at Vermont-Slauson Economic Development Corporation

Who funds Vermont-Slauson Economic Development Corporation

Personnel at Vermont-Slauson Economic Development Corporation

Financials for Vermont-Slauson Economic Development Corporation

Form 990s for Vermont-Slauson Economic Development Corporation

Organizations like Vermont-Slauson Economic Development Corporation

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