2025-08-12T09:41:50-05:00 2024-12-31 943108253 NOVOGRADAC & COMPANY LLP 3780 KILROY AIRPORT WAY SUITE 330 LONG BEACH CA 90806 990 2024-01-01 954712513 GENESIS LA ECONOMIC GROWTH CORPORATION GENE 2135338900 801 SOUTH GRAND AVENUE 850 LOS ANGELES CA 90017 TOM DE SIMONE PRESIDENT 2135338900 2025-08-12 1 1 BRYAN HUNG P01553971 5624329482 2024 2025-03-06 01:10:19Z TOM DE SIMONE 801 SOUTH GRAND AVENUE 850 LOS ANGELES CA 90017 36924816 0 X GENESISLA.ORG X 1998 CA PROVIDE LOANS, INVESTMENTS AND TECHNICAL ASSISTANCE TO PROJECTS SERVING LOW INCOME COMMUNITIES. 10 10 15 0 0 0 5216682 26527066 2233308 3413770 5246976 6983980 0 0 12696966 36924816 1265067 1700532 0 0 2448049 2929317 0 0 55458 1975155 2337013 5688271 6966862 7008695 29957954 121034291 147645020 49783498 58213503 71250793 89431517 THE PRIMARY PURPOSE OF THE ORGANIZATION SHALL BE TO COMBAT COMMUNITY DETERIORATION BY ASSISTING, IMPLMENTING, SUPPORTING OR CONTRIBUTING TO THE SUPPORT OF PROGRAMS, PROJECTS AND ACTIVITIES OF PUBLIC NATURE DESIGNED TO STIMULATE ECONOMIC DEVELOPMENT. 0 0 6443671 1700532 36924816 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. 6443671 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 9 0 15 1 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X JEM DICIOCO 2135338900 801 SOUTH GRAND AVENUE 850 LOS ANGELES CA 90017 LEE KANON ALPERT DIRECTOR 1.80 0.20 X 0 0 0 CINDY MISCIKOWSKI DIRECTOR 1.80 0.20 X 0 0 0 RICHARD MAIRE DIRECTOR-CHAIRMAN 1.80 0.20 X X 0 0 0 DUTCH C ROSS III DIRECTOR 1.80 0.20 X 0 0 0 PATTIE EHSAEI DIRECTOR-SECRETARY 1.80 0.20 X X 0 0 0 MARCIA CHOO DIRECTOR 1.80 0.20 X 0 0 0 PAUL CHEN DIRECTOR 1.80 0.20 X 0 0 0 STEPHEN ROLFE DIRECTOR 1.80 0.20 X 0 0 0 LARA REGUS DIRECTOR 1.80 0.20 X 0 0 0 ROBERT OEHLER DIRECTOR 1.80 0.20 X 0 0 0 THOMAS J DESIMONE PRESIDENT/CEO 35.20 4.80 X 505354 58664 0 JEMELLE DICIOCO TREASURER, DIRECTOR OF FIN 35.20 4.80 X 191973 22285 0 JESSICA WAYBRIGHT LEGAL COUNSEL 35.20 4.80 X 185142 21491 0 PAVLIN BUCHUKOV DIRECTOR OF LENDING 35.20 4.80 X 183678 21322 0 ANTHONY SANTANA SENIOR LOAN OFFICER 35.20 4.80 X 119163 13833 0 1185310 137595 0 7 0 1 0 0 410421 26116645 26527066 SUBALLOCATION FEE INCOME 522292 1243755 1243755 MANAGEMENT FEE INCOME 522292 1077146 1077146 LOAN FEE INCOME 522292 461495 461495 ADMIN SERVICES INCOME 522292 213318 213318 EXIT FEE 522292 199801 199801 218255 218255 3413770 6983980 6983980 36924816 3413770 0 6983980 1700532 1700532 2550798 2274314 244266 32218 378519 337491 36247 4781 158106 126896 31210 200616 161015 39601 177144 142178 34966 12337 11855 482 225216 187734 37482 3767 3620 147 1056532 1056532 42099 42099 176636 137296 25707 13633 GENERAL & ADMIN 218433 209906 8527 TAXES & LICENSES 62516 48592 9098 4826 CONTRIBUTIONS 3611 3611 6966862 6443671 467733 55458 7344514 18387721 46311297 49297588 825384 0 871009 1035826 62807092 77411595 98582 101853 328713 89257 127149 239456 2649264 1170981 121034291 147645020 2367990 2959969 2700000 2700000 44715508 52553534 49783498 58213503 X 58733185 76687100 12517608 12744417 71250793 89431517 121034291 147645020 X 29957954 -11777230 X X 0 1 X 1 1 1 X 2330250 16335778 15737093 5216682 3417100 43036903 4723742 3639255 5578075 6042504 8031409 28014985 7053992 19975033 21315168 11259186 11448509 71051888 250 3295000 8134360 1875000 13304610 1820770 1357889 2213540 5392199 1821020 3295000 8134360 1357889 4088540 18696809 52355079 96686 291109 74879 1437780 2776762 4677216 96686 291109 74879 1437780 2776762 4677216 7150678 20266142 21390047 12696966 14225271 75729104 0.69130 0.73200 0.06180 0.02970 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8500 1417 7083 13323 2373 10950 306890 85467 221423 239456 35662432 0 35662432 1262384 1262384 36924816 17481708 11104456 11104456 6377252 589610 589610 6966862 PART XI, LINE 4B - OTHER ADJUSTMENTS: LOAN FEE INCOME - BOOK/TAX DIFFERENCES 200,543. FLOW THROUGH INCOME FROM INVESTMENTS - BOOK/TAX DIFFERENCES 1,017,095. FLOW THROUGH INTEREST INCOME FROM INVESTMENTS - BOOK/TAX DIFFERENCES 44,746. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOAN RESERVE EXPENSE - BOOK/TAX DIFFERENCES 11,111,897. DEPRECIATION EXPENSE - BOOK/TAX DIFFERENCES -7,441. PART XII, LINE 4B - OTHER ADJUSTMENTS: FLOW THROUGH LOSS FROM INVESTMENTS - BOOK/TAX DIFFERENCES 589,610. 1 COALITION FOR RESPONSIBLE COMMUNITY DEV 3101 S GRAND AVE LOS ANGELES CA 90007 202445513 501(C)(3) 42859 0 SMALL BUSINESS GRANT COMMUNITY COALITION 8101 S VERMONT LOS ANGELES CA 90044 954298811 501(C)(3) 867190 0 SMALL BUSINESS GRANT COMMUNITY PARTNERS 1000 NORTH ALAMEDA STREET SUITE 240 LOS ANGELES CA 90012 954302067 501(C)(3) 42000 0 SMALL BUSINESS GRANT DEMAR MATTHEWSOFFTOP DESIGN LLC 245 N KENMORE 101 LOS ANGELES CA 90004 851665473 LLC 42859 0 SMALL BUSINESS GRANT LITTLE TOKYO SERVICE CENTER 231 E 3RD ST G106 LOS ANGELES CA 90013 953451280 501(C)(3) 42859 0 SMALL BUSINESS GRANT PACOIMA BEAUTIFUL 13520 VAN NUYS BOULEVARD SUITE 200 PACOIMA CA 91331 954770745 501(C)(3) 262299 0 SMALL BUSINESS GRANT TENEMOS QUE RECLAMAR Y UNIDOS SALVAR LA TIERRA-SOUTH LA 4331 S MAIN STREET LOS ANGELES CA 90037 421687057 501(C)(3) 45859 0 SMALL BUSINESS GRANT HOLOS COMMUNITIES 11739 VICTORY BLVD NORTH HOLLYWOOD CA 91606 944485263 501(C)(3) 10441 0 SMALL BUSINESS GRANT RESTORE NEIGHBORHOOODS LA 315 W 9TH ST STE 801 LOS ANGELES CA 90015 264142930 501(C)(3) 275166 0 SMALL BUSINESS GRANT MT AUBURN ASSOCIATES INC 73 TURNPIKE STREET 1091 NORTH ANDOVER MA 01845 042916072 501(C)(3) 69000 0 GRANT FUNDS USED FOR REIMBURSEMENT 9 1 X X X 0 0 0 0 0 0 0 0 0 THOMAS J DESIMONE PRESIDENT/CEO 254477 29541 250877 29123 0 0 0 0 0 0 505354 58664 0 0 JEMELLE DICIOCO TREASURER, DIRECTOR OF FIN 131494 15264 60479 7021 0 0 0 0 0 0 191973 22285 0 0 JESSICA WAYBRIGHT LEGAL COUNSEL 129142 14991 56000 6500 0 0 0 0 0 0 185142 21491 0 0 PAVLIN BUCHUKOV DIRECTOR OF LENDING 143358 16642 40320 4680 0 0 0 0 0 0 183678 21322 0 0 ANTHONY SANTANA SENIOR LOAN OFFICER 99451 11545 19712 2288 0 0 0 0 0 0 119163 13833 0 0 PART I, LINE 3 THE ORGANIZATION UTILIZED THE REBUTTABLE PRESUMPTION PROCEDURES DESCRIBED IN REG. SEC. 53.4958-6. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 PRESENTED TO THE AUDIT COMMITTEE OF THE ORGANIZATION FOR REVIEW, COMMENT AND APPROVAL. FORM 990 THEN PRESENTED TO THE FULL BOARD OF DIRECTORS FOR REVIEW AND COMMENT PRIOR TO FILING THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C POTENTIAL CONFLICTS OF INTEREST ARE DISCUSSED DURING EACH BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION ENGAGED A THIRD PARTY TO CONDUCT A MARKET STUDY FOR COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST. FORM 990, PART XI, LINE 9: LOAN FEE INCOME - BOOK/TAX DIFFERENCES -200,543. FLOW THROUGH LOSS FROM INVESTMENTS - BOOK/TAX DIFFERENCES 589,610. DEPRECIATION EXPENSE - BOOK/TAX DIFFERENCES 7,441. LOAN RESERVE EXPENSE - BOOK/TAX DIFFERENCES -11,111,897. FLOW THROUGH INCOME FROM INVESTMENTS - BOOK/TAX DIFFERENCES -1,017,095. FLOW THROUGH INTEREST INCOME FROM INVESTMENTS - BOOK/TAX DIFFERENCES -44,746. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S AUDIT COMMITTEE, ALONG WITH MANAGEMEMT, REVIEWS AND APPROVES THE AUDITED FINANCIAL STATEMENTS. 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