2025-05-14T14:22:09-05:00 2024-06-30 330482495 GYL LLP 4120 CONCOURS SUITE 100 ONTARIO CA 91764 990 2023-07-01 953464837 VERMONT-SLAUSON ECONOMIC DEVELOPMENT CORPORATION VERM 3237532335 1130 W SLAUSON AVENUE LOS ANGELES CA 90044 QUENTIN STRODE PRESIDENT/CEO 3237532335 2025-05-14 1 1 JOSEPH ROMERO CPA P00441771 9099489990 X 2023 2025-03-06 01:10:19Z QUENTIN STRODE 1130 W SLAUSON AVENUE LOS ANGELES CA 90044 2166556 0 X NA X 1978 CA BUSINESS AND RESIDENTIAL DEVELOPMENT 9 9 44 18 0 0 15100 0 1452927 1491846 114148 73074 1959152 103644 3541327 1668564 0 0 0 0 792314 1005932 0 0 573629 1858752 2453991 2651066 3459923 890261 -1791359 23717418 44369407 8010630 6747853 15706788 37621554 BUSINESS AND RESIDENTIAL DEVELOPMENT 0 0 499681 87495 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. 1176445 1404351 VSRC - PROVIDES RENTAL SPACES TO MAJOR RETAILERS TO SERVE THE NEEDS OF THE COMMUNITY. 103644 OTHER PROGRAMS 1676126 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 1 44 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X FEDERICO CASTILLO 3237532335 1130 WEST SLAUSON AVENUE LOS ANGELES CA 90044 BEATRIZ OLVERA STOTZER BOARD MEMBER 2.00 X 0 0 0 DAVID A ROBERTS BOARD MEMBER 2.00 X 0 0 0 KYLA LEE TREASURER 2.00 X X 0 0 0 KECIA M WASHINGTON ESQ BOARD CHAIR 2.00 X X 0 0 0 SHMEL C GRAHAM ESQ SECRETARY 2.00 X X 0 0 0 ARMANDO RAMIREZ BOARD MEMBER 2.00 X 0 0 0 RANDAL J HERNANDEZ BOARD MEMBER 2.00 X 0 0 0 DONNA RUFF BOARD MEMBER 2.00 X 0 0 0 KAREN A CLARK BOARD MEMBER 2.00 X 0 0 0 QUENTIN D STRODE PRESIDENT/CEO 40.00 X 130708 0 12747 LIBBY WILLIAMS CHIEF OPERATING OFFICER 40.00 X 175413 0 18789 FEDERICO CASTILLO DIRECTOR OF FINANCE/ADMIN 40.00 X 152549 0 22394 RENEE MONCITO DIRECTOR OF PROGRAMS 40.00 X 110235 0 0 NAMOCH SOKHOM DIRECTOR OF LENDING SERV. 40.00 X 142179 0 18679 ADRIAN VELIZ DIRECTOR 40.00 X 129725 0 0 840809 0 72609 5 0 1 0 0 VSRC LLC 532000 1404351 1404351 RENTAL INCOME 532000 87495 87495 1491846 55854 55854 515212 497992 17220 17220 17220 PASS-THROUGH INCOME 900099 103644 103644 103644 1668564 1595490 0 73074 X 244823 22338 127751 94734 711567 56203 380022 275342 30495 8133 307 22055 19047 3410 15637 110598 39900 70698 22225 10225 12000 689433 505937 146468 37028 102145 4428 97717 26719 463 24931 1325 92659 72359 20300 18095 18077 18 5474 4249 1225 388470 388326 144 313011 301384 8207 3420 45463 14972 30312 179 TRAINING 170098 1115 167983 1000 PROPERTY TAX 155150 155150 SETTLEMENTS 100000 100000 AMORTIZATION-LOAN COSTS 84927 84927 129524 11284 94291 23949 3459923 1676126 1210168 573629 539885 682958 4273 40440 11443 54962 16242854 5719911 10835954 10522943 1929587 2163898 9351245 29671641 1045031 1232565 23717418 44369407 325776 393656 4684 1184 6130185 5957082 1549985 395931 8010630 6747853 X 13929355 37621554 1777433 0 15706788 37621554 23717418 44369407 X -1791359 183891 23522234 X 0 1 X 1 0 4663338 4663338 9293188 4782895 4510293 2040669 701075 1339594 245659 235941 9718 10522943 INVESTMENTS IN AFFILIATES 29671641 C 29671641 SECURITY DEPOSITS 5581 LINE OF CREDIT 390350 395931 X 25374689 183891 23522234 23706125 1668564 0 1668564 3459923 0 3459923 0 3459923 PART X, LINE 2: GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PROVIDE ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ORGANIZATION IN ITS TAX RETURNS THAT MIGHT BE UNCERTAIN. MANAGEMENT HAS CONSIDERED ITS TAX POSITIONS AND BELIEVES THAT ALL OF THE POSITIONS TAKEN IN ITS FEDERAL AND STATE EXEMPT ORGANIZATION RETURNS ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. THE ORGANIZATION'S RETURNS ARE SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES, GENERALLY FOR FOUR YEARS AFTER THEY ARE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: REEVEALUATION OF EQUITY IN VS RETAIL CENTER, LLC 23,522,234. X 0 0 0 0 0 0 0 0 0 LIBBY WILLIAMS CHIEF OPERATING OFFICER 175413 0 0 0 0 0 8771 0 10018 0 194202 0 0 0 FEDERICO CASTILLO DIRECTOR OF FINANCE/ADMIN 152549 0 0 0 0 0 7627 0 14767 0 174943 0 0 0 NAMOCH SOKHOM DIRECTOR OF LENDING SERV. 142179 0 0 0 0 0 7109 0 11570 0 160858 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE PRESIDENT OF THE BOARD PRIOR TO FILING. COPIES OF THE RETURN ARE MADE AVAILABLE TO THE REMAINING BOARD MEMBERS AT THE NEXT SCHEDULED MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE PRESIDENT OF THE BOARD PERIODICALLY INQUIRES IF THERE ARE ANY CONFLICTS WITH THE OTHER BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR'S COMPENSATION IS APPROVED BY THE BOARD DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS DOCUMENTS AVAILABLE FOR REVIEW UPON WRITTEN REQUEST FOR AN APPOINTMENT AT ITS ADMINISTRATIVE OFFICE. FORM 990, PART IX, LINE 11G CONSULTANTS: PROGRAM SERVICE EXPENSES 242,300. MANAGEMENT AND GENERAL EXPENSES 3,560. FUNDRAISING EXPENSES 33,203. TOTAL EXPENSES 279,063. OUTSIDE SERVICES: PROGRAM SERVICE EXPENSES 263,637. MANAGEMENT AND GENERAL EXPENSES 142,908. FUNDRAISING EXPENSES 3,825. TOTAL EXPENSES 410,370. FORM 990, PART XI, LINE 9: RE-EVALUATION OF EQUITY IN VERMONT-SLAUSON RETAIL CENTER, LLC 23,522,234. VERMONT-SLAUSON RETAIL CENTER LLC 1130 W SLAUSON AVENUE LOS ANGELES CA 90044 814055726 RETAIL SHOPPING CENTER CA 1404351 7517404 VERMONT-SLAUSON ECOMONIC DEVELOPMENT CORPORATION VERMONT-SLAUSON SHOPPING DEVELOPMENT LLC 1130 W SLAUSON AVENUE LOS ANGELES CA 90044 RETAIL SHOPPING CENTER CA 0 0 VERMONT-SLAUSON ECOMONIC DEVELOPMENT CORPORATION VERMONT-SLAUSON HOUSING CORPORATION 1130 W SLAUSON AVENUE LOS ANGELES CA 90044 953822165 DEVELOPMENT OF AFFORDABLE HOUSING CA 501(C)3 LINE 7 0 VERMONT-SLAUSON LDCINC 1130 W SLAUSON AVENUE LOS ANGELES CA 90044 953779310 ECONOMIC DEVELOPMENT OF LOCAL BUSINESSES CA 501(C)3 LINE 10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0