Vermont-Slauson Ldc INC: FY2020 Nonprofit Profile & Form 990 (EIN 95-3779310)

Revenue by fiscal year
FY2020	$1.3M
FY2021	$4.9M
FY2022	$2.1M
FY2023	$3.5M
FY2024	$3.6M
FY2025	$4.6M

Expenses by fiscal year
FY2020	$1.1M
FY2021	$3.6M
FY2022	$2.3M
FY2023	$3.0M
FY2024	$3.7M
FY2025	$4.7M

Net assets by fiscal year
FY2020	$1.3M
FY2021	$2.6M
FY2022	$2.5M
FY2023	$3.1M
FY2024	$3.2M
FY2025	$3.1M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1983.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Part of a larger organization · Schedule R

Vermont-Slauson Ldc INC files its own Form 990, but Schedule R discloses 2 related entities — figures on this page are for this EIN only, not the whole group.

Vermont-Slauson Economic Development Corporation · Vermont-Slauson Housing Corporation · See Schedule R

Combined filings · FY2020 · 3 entities with data

Simple sum of each entity's Form 990 headline figures — not audited consolidated financials. This page's EIN is 37% of group revenue.

Group revenue

$3.4M

Group expenses

$3.7M

Group net assets

$14.1M

Vermont-Slauson Economic Development Corporation · $2.1M rev · $12.7M net assets

Vermont-Slauson Housing Corporation · $11K rev · $24K net assets

Where the money goes

96 cents of each dollar spent went to programs.

96%

Program services 96% · $1.0M Management & general 4% · $43K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII

Sylvia Castillo

Boardmember

$0Pt VII · Sec A

Ralph Lippman

Boardmember

$0Pt VII · Sec A

Yolanda Gorman

Boardmember

$0Pt VII · Sec A

Jerome Champion

Boardmember

$0Pt VII · Sec A

Ray Mendoza

Boardmember

$0Pt VII · Sec A

Kecia Washington

Boardmember

$0Pt VII · Sec A

William Holland

President

$0Pt VII · Sec A

Kyla Lee

Treasurer

$0Pt VII · Sec A

See Vermont-Slauson Ldc INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Boosts local economy through job creation and business support.

Questions for Vermont-Slauson Ldc INC

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Provided by the organization

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3 programs · $1.0M · in their own filed words · FY2019

01

Business Source Center

provides business assistance services to start-up and existing businesses under a contract with the City of Los Angeles.

$497Kprogram expense

02

Small Business Enterprise Program

a program designed to increase the capability of community entrepreneurs in starting and expending a business. Business based youth mentoring program.

$494Kprogram expense

03

Other Programs

including the development of a teen tech center which is a safe space for local teens to explore technologies such as coding, graphic design, VR, music production and the arts.

$37Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2025

Older Adults Technology Services INCFY2025$10K

Total grants receivedfrom 1 funder$10K

Grants paid · 3 grants · $34K · 2022–2023

Unitemized GrantFY2023$7,790

South Los Angeles Cdfi ConsortiumFY2022$20,000

Unitemized GrantFY2022$6,000

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$1.3M

Ln 12

Gifts and grantsLn 1h$622K

Fees for servicesLn 2g$501K

Investment incomeLn 3$144K

Money outPt IX

$1.1M

Ln 25

Programscol B$1.0M

Managementcol C$43K

Owns and owesPt X

$1.3M

net assets · Ln 32

Cash and savingsLn 1–2$406K

Total assetsLn 16$1.9M

LiabilitiesLn 26$605K

PeoplePt VI, VII

9

listed · VII A

PaidVII A0

Voting boardVI 1a9

IndependentVI 1b9

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$622K

Fees for servicesLn 2g$501K

Investment incomeLn 3$144K

Other incomeLn 4–11$2K

Total revenueLn 12$1.3M

Assets in detailPt X, end of year

CashLn 1$406K

Cash and savings togetherLn 1–2$406K

InvestmentsLn 11–13$591K

Other assetsLn 15$175K

Total assetsLn 16$1.9M

LiabilitiesLn 26$605K

Net assetsLn 32$1.3M

OperationsPt I, VI

EmployeesI 50

VolunteersI 69

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$198K	$406K
InvestmentsLn 11–13	$598K	$591K
Total assetsLn 16	$1.5M	$1.9M
LiabilitiesLn 26	$359K	$605K
Net assetsLn 32	$1.1M	$1.3M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$455K	$447K	$7K
Other employee benefitsLn 9	$65K	$65K
Payroll taxesLn 10	$39K	$38K	$564
Legal feesLn 11b	$8K		$8K
Advertising and promotionLn 12	$59K	$51K	$7K
TravelLn 17	$4K	$4K	$776
Conferences, conventions and meetingsLn 19	$750	$750
InterestLn 20	$4K	$4K
InsuranceLn 23	$6K	$6K
Other expenses (24a–d)Ln 24	$13K	$1K	$12K
All other expensesLn 24e	$417K	$409K	$8K
Total functional expensesLn 25	$1.1M	$1.0M	$43K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$4.6M	$4.7M	−$77K	$3.1M	990 PDF
FY2024	$3.6M	$3.7M	−$140K	$3.2M	990 PDF
FY2023	$3.5M	$3.0M	$547K	$3.1M	990 PDF
FY2022	$2.1M	$2.3M	−$153K	$2.5M	990 PDF
FY2021	$4.9M	$3.6M	$1.3M	$2.6M	990 PDF
FY2020 Viewing	$1.3M	$1.1M	$197K	$1.3M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2020 990 (6 parts)

Part I · Summary $1,267,910 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $427,497$621,518

I-9 Program service revenuePrior year $470,138$500,759

I-10 Investment incomePrior year $48,606$143,793

I-11 Other revenuePrior year $1,637$1,840

I-12 Total revenuePrior year $947,878$1,267,910

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $390,255$558,684

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $358,237$511,840

I-18 Total expensesPrior year $748,492$1,070,524

I-19 Revenue less expensesPrior year $199,386$197,386

Part VI · Governance 9 of 9 board members independent, 1 to look at

VI-1a Voting members of the governing body9

VI-1b Independent voting members9

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $1,267,910 across 6 lines filed

VIII-1f All other contributions, gifts and grants$621,518

VIII-1h Total contributions, gifts and grants$621,518

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $500,759$500,759

VIII-3 Investment incomeRelated to mission $143,793$143,793

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,840$1,840

VIII-12 Total revenueRelated to mission $646,392 · Unrelated business $0 · Excluded from tax $0$1,267,910

Part IX · Statement of functional expenses $1,070,524 across 11 lines filed

IX-7 Other salaries and wagesPrograms $447,153 · Management $7,497$454,650

IX-9 Other employee benefitsPrograms $65,116$65,116

IX-10 Payroll taxesPrograms $38,354 · Management $564$38,918

IX-11b Legal feesManagement $7,735$7,735

IX-12 Advertising and promotionPrograms $51,422 · Management $7,150$58,572

IX-17 TravelPrograms $3,665 · Management $776$4,441

IX-19 Conferences, conventions and meetingsPrograms $750$750

IX-20 InterestPrograms $3,744$3,744

IX-23 InsurancePrograms $6,376$6,376

IX-24 Other expenses (24a–d)Programs $1,341 · Management $11,745$13,086

IX-24e All other expensesPrograms $409,326 · Management $7,810$417,136

IX-25 Total functional expensesPrograms $1,027,247 · Management $43,277 · Fundraising $0$1,070,524

Part X · Balance sheet $1,911,821 assets, 14 lines filed

Asset lines not itemized here account for $605,570; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $198,485$406,411

X-3 Pledges and grants receivableStart of year $79,197$126,381

X-4 Accounts receivableStart of year $2,168$7,566

X-11 Publicly traded securitiesStart of year $597,597$590,735

X-15 Other assetsStart of year $164,470$175,158

X-16 Total assetsStart of year $1,468,071$1,911,821

X-17 Accounts payable and accrued expensesStart of year $59,596$71,801

X-24 Unsecured notes and loans payableStart of year $100,000$100,000

X-25 Other liabilitiesStart of year $198,918$433,077

X-26 Total liabilitiesStart of year $358,514$604,878

X-27 Net assets without donor restrictionsStart of year $963,527$1,160,913

X-28 Net assets with donor restrictionsStart of year $146,030$146,030

X-32 Total net assets or fund balancesStart of year $1,109,557$1,306,943

X-33 Total liabilities and net assetsStart of year $1,468,071$1,911,821

Part XI · Reconciliation of net assets $1,306,943 net assets at year end

XI-1 Total revenue$1,267,910

XI-2 Total expenses$1,070,524

XI-3 Revenue less expenses$197,386

XI-4 Net assets at start of year$1,109,557

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$1,306,943

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Vermont-Slauson Ldc INC FY2020 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Vermont-Slauson Ldc INC

Business Source Center

Small Business Enterprise Program

Other Programs

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV

Vermont-Slauson Ldc INC FY2020 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Vermont-Slauson Ldc INC

Business Source Center

Small Business Enterprise Program

Other Programs

Funders

Grants

Related Organizations

By the numbers

Filing history

Schedules filed Part IV