2026-05-15T15:16:54-05:00 2025-06-30 330482495 GYL LLP 4120 CONCOURS SUITE 100 ONTARIO CA 91764 990 2024-07-01 953779310 VERMONT-SLAUSON LDC INC VERM 3237532335 1130 W SLAUSON AVENUE LOS ANGELES CA 90044 JAZZ KEYES PRESIDENT/CEO 3237532335 2026-05-15 1 1 JOSEPH ROMERO CPA P00441771 9099489990 X 2024 2025-03-06 01:10:19Z JAZZ KEYES 1130 W SLAUSON AVENUE LOS ANGELES CA 90044 5444156 0 X N/A X 1981 CA ECONOMIC DEVELOPMENT OF THE LOCAL COMMUNITY. 9 9 0 9 0 0 3326315 4154294 157977 299340 58437 163342 26133 8303 3568862 4625279 7790 0 0 0 2200894 3020506 0 0 0 1500385 1681636 3709069 4702142 -140207 -76863 6080343 6503859 2913563 3380342 3166780 3123517 X ECONOMIC DEVELOPMENT OF THE LOCAL COMMUNITY. 0 0 1497016 BUSINEES ASSISTANCE PROGRAMS - PROVIDES BUSINESS ASSISTANCE SERVICES TO START-UP AND EXISTING BUSINESSES UNDER A CONTRACT WITH THE CITY OF LOS ANGELES. 633734 299340 LENDING PROGRAM - PROVIDED FINANCIAL CAPACITY ASSISTANCE AND LOAN OPPORTUNITIES TO SMALL BUSINESSES IN LOS ANGELES. 682056 DEO-EMI PROGRAM - A TRANSFORMATIVE PROGRAM EQUIPPING PARTICIPANTS WITH CRITICAL BUSINESS SKILLS. SERVICES ARE DELIVERED THROUGH THE COMPREHENSIVE EMI ENTREPRENEURSHIP ACADEMY WHICH TEACHES CRAFTING DETAILED BUSINESS PLANS TO MASTERING FINANCIAL MANAGEMENT AND EFFECTIVE MARKETING STRATEGIES. THE GOAL OF THE ACADEMEY IS TO PREPARE PARTICIPANTS FOR ENTREPRENEURIAL SUCCESS. PARTICIPANTS ENGAGE WITH INDUSTRY EXPERTS, COLLABORATE WITH PEERS, AND GRADUATE READY TO LEAD IN THEIR COMMUNITY. 1410670 8303 OTHER PROGRAMS AND ACTIVITIES. 1410670 8303 4223476 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 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 0 1 60 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 1 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X THE ORGANIZATION 3237532335 1130 W SLAUSON AVENUE LOS ANGELES CA 90044 KAREN A CLARK BOARD MEMBER 2.00 X 0 0 0 BEATRIZ OLVERA STOTZER BOARD MEMBER 2.00 X 0 0 0 DAVID A ROBERTS BOARD MEMBER 2.00 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 QUENTIN D STRODE CHIEF EXECUTIVE OFFICER 2.00 X 0 221114 13576 KECIA WASHINGTON BOARD CHAIR 2.00 X 0 0 0 KYLA LEE TREASURER 2.00 X 0 0 0 SHMEL GRAHAM SECRETARY 2.00 X 0 0 0 ELIZABETH WILLIAMS CHIEF OPERATING OFFICER 2.00 X 0 206949 20610 0 428063 34186 0 0 1 0 0 3239991 914303 4154294 REVOLVING LOAN INTERES 522291 220253 220253 FEES AND COMMISSIONS 522291 79087 79087 299340 31109 31109 951110 818877 132233 132233 132233 PASS-THROUGH INCOME 900099 8303 8303 8303 4625279 307643 0 163342 X 2543823 2328740 215083 77709 72193 5516 198183 183156 15027 200791 184741 16050 22425 22425 571698 571698 102117 99817 2300 54114 49593 4521 73814 73814 49981 49981 12762 12754 8 14429 14429 69962 69962 29292 29292 COMMUNITY EVENT EXPENSE 202179 202179 CYBER CRIME LOSS 130248 130248 DUES AND SUBSCRIPTIONS 72816 70622 2194 PROVISION FOR LOSSES 60708 35708 25000 215091 152372 62719 4702142 4223476 478666 0 1466573 182872 702100 470770 41046 0 2365452 4158215 5925 18984 1435731 1600699 63516 72319 6080343 6503859 190469 296527 75000 1500000 1646236 1223094 1362579 2913563 3380342 X 743689 318312 2423091 2805205 3166780 3123517 6080343 6503859 X -76863 33600 19426 -19426 X 0 1 X 1 1 1 X 1757949 627300 3462984 3326315 4154294 13328842 1757949 627300 3462984 3326315 4154294 13328842 1087505 12241337 25322 11158 32310 29515 31109 129414 13458256 551628 0.90960 0.85130 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE TO AFFILIATES 1362579 1362579 X 4639453 33600 33600 4605853 19426 19426 4625279 4682716 0 4682716 19426 19426 4702142 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. 0 0 0 0 0 0 0 0 0 QUENTIN D STRODE CHIEF EXECUTIVE OFFICER 0 221114 0 0 0 0 0 0 0 13576 0 234690 0 0 ELIZABETH WILLIAMS CHIEF OPERATING OFFICER 0 206949 0 0 0 0 0 10367 0 10243 0 227559 0 0 LINE 3 RELATED COMPENSATION IS DETERMINED BY THE RELATED ENTITIES' BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 5 DURING THE YEAR, THE ORGANIZATION BECAME AWARE OF SIGNIFICANT DIVERSIONS OF ASSETS INVOLVING BOTH EMPLOYEE MISAPPROPRIATION AND FRAUDULENT DISBURSEMENTS ASSOCIATED WITH AN EXTERNAL CYBER INCIDENT. THE EMPLOYEE MISAPPROPRIATION INVOLVED THE UNAUTHORIZED USE OF PRE-SIGNED CHECKS BY A FORMER EMPLOYEE, RESULTING IN UNAUTHORIZED DISBURSEMENTS TOTALING APPROXIMATELY $25,000. IN A SEPARATE MATTER, AN UNAUTHORIZED THIRD PARTY GAINED ACCESS TO AN EXECUTIVE EMAIL ACCOUNT THROUGH AN APPARENT BUSINESS EMAIL COMPROMISE AND CAUSED APPROXIMATELY $130,248 OF FRAUDULENT DISBURSEMENTS THROUGH THE SUBMISSION AND EXPEDITED APPROVAL OF ILLEGITIMATE INVOICES. UPON DISCOVERY OF THESE MATTERS, THE ORGANIZATION DISCONTINUED THE PRACTICE OF SIGNING BLANK CHECKS, TERMINATED INVOLVED EMPLOYEES AND CERTAIN EXECUTIVE PERSONNEL, ENGAGED A FORENSIC ACCOUNTANT TO INVESTIGATE THE UNAUTHORIZED TRANSACTIONS, IMPLEMENTED ENHANCED DISBURSEMENT AUTHORIZATION PROCEDURES AND CYBERSECURITY SAFEGUARDS, AND BEGAN EVALUATING RECOVERY OPTIONS FOR IMPROPERLY DISBURSED FUNDS. THE ORGANIZATION ALSO STRENGTHENED INTERNAL CONTROL PROCEDURES RELATED TO SEGREGATION OF DUTIES, INVOICE APPROVAL, JOURNAL ENTRY REVIEW, RECONCILIATIONS, AND CYBERSECURITY AWARENESS TRAINING. ITEMS MISAPPROPRIATED HAD NO EFFECT ON ANY GRANTS OR CONTRACTS UNDER THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE PRESIDENT OF THE BOARD PRIOR TO FILING. COPIES ARE MADE AVAILABLE TO THE OTHER BOARD MEMBERS AT THE NEXT SCHEDULED BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE PRESIDENT OF THE BOARD PERIODICALLY INQUIRES WITH THE BOARD MEMBERS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WILL SCHEDULE AN APPOINTMENT TO MAKE COPIES AVAILABLE FOR REVIEW AT ITS ADMINISTRATIVE OFFICE UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 11G CONSULTANTS: PROGRAM SERVICE EXPENSES 181,166. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 181,166. PROGRAM CONSULTANTS: PROGRAM SERVICE EXPENSES 323,695. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 323,695. OTHER PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 66,837. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 66,837. FORM 990, PART XI, LINE 9: INVESTMENT EXPENSES -19,426. VERMONT-SLAUSON ECONOMIC DEVELOPMENT CORPORATION 1130 W SLAUSON AVE LOS ANGELES CA 90044 953464837 BUSINESS DEVELOPMENT CA 501(C)4 0 VERMONT-SLAUSON HOUSING CORPORATION 1130 W SLAUSON AVE LOS ANGELES CA 90044 953822165 DEVELOPMENT OF AFFORDABLE HOUSING CA 501(C)3 LINE 10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 VERMONT-SLAUSON ECONOMIC DEVELOPMENT CORPORATION P 3020506 COST VERMONT-SLAUSON ECONOMIC DEVELOPMENT CORPORATION S 138985 COST