Civic Intelligence

Mcs Economic Development Corporation

EIN 47-2926205 • 501(c)3 • Los Angeles, CA

Profile

Provide workforce development to unemployed or under-employed adults and dislocated workers, welfare beneficiaries, veterans and people with disabilities who can be hired by the local start-up and established business in Los Angeles,

3333 Wilshire BlvdLos Angeles, CA 90010

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

62nd percentile

0.06x

Higher debt load relative to assets than 62% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Liabilities / Revenue

60th percentile

0.04x

Higher debt load relative to revenue than 60% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Net Margin

71st percentile

18%

Higher net margin than 71% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Asset Growth

85th percentile

39%

Faster asset growth than 85% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Revenue Growth

84th percentile

59%

Faster revenue growth than 84% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Down

$283,352

Down $142,403 (-33%) from 2023

Liabilities

Down

$22,186

Down $172,607 (-89%) from 2023

Net Assets

Up

$261,166

Up $30,204 (+13%) from 2023

Operations
Liabilities / Revenue60th percentileNet Margin71st percentile

Revenue

Down

$379,094

Down $433,300 (-53%) from 2023

Expenses

Down

$348,890

Down $294,459 (-46%) from 2023

Net Income

Down

$30,204

Down $138,841 (-82%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth85th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2019: $39,771Liabilities 2019: $17,628Net Assets 2019: $22,1432019Assets 2020: $67,937Liabilities 2020: $47,443Net Assets 2020: $20,4942020Assets 2021: $26,523Liabilities 2021: $5,717Net Assets 2021: $20,8062021Assets 2022: $90,362Liabilities 2022: $28,445Net Assets 2022: $61,9172022Assets 2023: $425,755Liabilities 2023: $194,793Net Assets 2023: $230,9622023Assets 2024: $283,352Liabilities 2024: $22,186Net Assets 2024: $261,1662024

Highlighted filing

2024

Assets$283,352
Liabilities$22,186
Net Assets$261,166
Open 2024 Filing

Operations Trend

Revenue Growth84th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2019: $90,596Expenses 2019: $92,147Net Income 2019: -$1,5512019Revenue 2020: $50,024Expenses 2020: $51,673Net Income 2020: -$1,6492020Revenue 2021: $27,376Expenses 2021: $27,064Net Income 2021: $3122021Revenue 2022: $343,800Expenses 2022: $302,689Net Income 2022: $41,1112022Revenue 2023: $812,394Expenses 2023: $643,349Net Income 2023: $169,0452023Revenue 2024: $379,094Expenses 2024: $348,890Net Income 2024: $30,2042024

Highlighted filing

2024

Revenue$379,094
Expenses$348,890
Net Income$30,204
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$283,352
Liabilities
$22,186
Net assets
$261,166
Revenue
$379,094
Expenses
$348,890
Net income
$30,204
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.83$0.22$2.61$3.79$3.49$0.30
2023Detailed filing. Detailed filing data is available for this year.$4.26$1.95$2.31$8.12$6.43$1.69
2022Detailed filing. Detailed filing data is available for this year.$0.90$0.28$0.62$3.44$3.03$0.41
2021Detailed filing. Detailed filing data is available for this year.$0.27$0.06$0.21$0.27$0.27$0.00
2020Detailed filing. Detailed filing data is available for this year.$0.68$0.47$0.20$0.50$0.52$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.40$0.18$0.22$0.91$0.92$0.02
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 8, 2025
Return Version
2023v6.0
Gross Receipts
$379,094
Mission and Program Overview

Mission

Managed Career Solutions Economic Development Corporation (MCSEDC) Provides a variety of job training, employment placement and community support. MCSEDC manages projects for the State of California Employment Development and the National Disability Institute. While many MCSEDC services are available to the general public,other more intensive services are targeted to Veterans, individuals with a disability, public assistance recipients, youth, and disadvantaged, or low-income individuals.

Provide workforce development to unemployed or under-employed adults and dislocated workers, welfare beneficiaries, veterans and people with disabilities who can be hired by the local start-up and established business in Los Angeles,

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$333,098$271,820▼ $61,278
Cash and Non-Interest-Bearing Accounts$92,657$11,532▼ $81,125
Total Assets$425,755$283,352▼ $142,403
Liabilities
Accounts Payable and Accrued Expenses$194,793$22,186▼ $172,607
Total Liabilities$194,793$22,186▼ $172,607
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$230,962$261,166▲ $30,204
Total Net Assets Fund Balance$230,962$261,166▲ $30,204
Total Liabilities and Net Assets / Fund Balance$425,755$283,352▼ $142,403
Compensation and Service Providers
Top Officer Pay55th percentile

Board Members and Trustees

NameTitle
Francisco DevivoBoard Chair/chieff Executive Officer
Bryon LanaganBoard Member/chief Financial Officer
John NesseBoard Member/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$379,094
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$30,204
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$191,666
Other Expenses$157,224
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$159,457$0$0$159,457
All Other Expenses$33,244$94,947$0$128,191
Other Employee Benefits$18,089$0$0$18,089
Fees for Services Accounting$0$15,500$0$15,500
Payroll Taxes$12,548$0$0$12,548
Other Expenses$6,817$0$0$6,817
Pension Plan Contributions$1,572$0$0$1,572
Office Expenses$1,260$0$0$1,260
Total Functional Expenses$238,443$110,447$0$348,890
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Mcs Economic Development Corporation
EIN
47-2926205
Phone
2133555307
Address
3333 Wilshire Blvd, LOS ANGELES, CA 90010

Signing Officer

Name
Francisco Devivo
Title
CEO
Phone
2133555307
Signed
2025-05-08
Discuss with paid preparer
Yes

Organization Details

Formed
2021
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
2
Volunteers
3

Preparer

Firm
Qiu Accountancy Corporation
Address
139 SOUTH HUDSON AVENUE SUITE 300, PASADENA, CA 91101
Preparer
Samuel Qiu
Phone
2133871818
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“A special meeting is called to redeem and finalize form 990 when completed by outside cpa. The draft form 990 is provided to all board members for review and approval.”

Pt VI, Line 12C

“The orginization periodically performs qaulity assurance testing of the regulatory and internal controls obligations”

Pt VI, Line 15A

“The ceos salary is reviewed and approved by the board of directors based on the governing boards review. The ceo has elected not to take a salary.”

Pt VI, Line 15B

“Directors salary and other key employees salaries are reviewed by the preisdent and ceo then discussed with the governing board. The president and ceo review the comparability data for comparable positions before the approval of directors salary and other key employees salaries. The directors have elected not to take a salary.”

Pt VI, Line 12C

“Compliance with the policy is continuosly monitored and enforced everytime a purchase order and/or procurment action is taken. In addition, the conflict of interest compliance is monitored and employment action is taken.”

Pt VI, Line 8B

“NA”

Form 990, Part IX, Line 24E

“Adp payroll processing 0. 0. 0. 0.”

Form 990, Part IX, Line 24E

“Parking expense 3640. 3640. 0. 0.”

Form 990, Part IX, Line 24E

“Telephone 881. 881. 0. 0.”

Form 990, Part IX, Line 24E

“Repairs and maintenance 0. 0. 0. 0.”

Form 990, Part IX, Line 24E

“Memberships and subscriptions 0. 0. 0. 0.”

Form 990, Part IX, Line 24E

“Finance charge 105. 105. 0. 0.”

Form 990, Part IX, Line 24E

“AUTOMOBILE 0. 0. 0. 0.”

Form 990, Part IX, Line 24E

“NEED BASED 0. 0. 0. 0.”

Form 990, Part IX, Line 24E

“Support service/stipend 0. 0. 0. 0.”

Form 990, Part IX, Line 24E

“Sub contract 5952. 5952. 0. 0.”

Form 990, Part IX, Line 24E

“Ita reimbursement 0. 0. 0. 0.”

Form 990, Part IX, Line 24E

“Participant wages 20310. 20310. 0. 0.”

Form 990, Part IX, Line 24E

“Participant payroll tax 2356. 2356. 0. 0.”

Form 990, Part IX, Line 24E

“Participant benefits 0. 0. 0. 0.”

Form 990, Part IX, Line 24E

“Bad debt 94847. 0. 94847. 0.”

Form 990, Part IX, Line 24E

“Business tax 100. 0. 100. 0.”

Raw XML Appendix354 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER/SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER/CHIEF FINANCIAL OFFICER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02021
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IRS990/MethodOfAccountingAccrualInd0X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A SPECIAL MEETING IS CALLED TO REDEEM AND FINALIZE FORM 990 WHEN COMPLETED BY OUTSIDE CPA. THE DRAFT FORM 990 IS PROVIDED TO ALL BOARD MEMBERS FOR REVIEW AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGINIZATION PERIODICALLY PERFORMS QAULITY ASSURANCE TESTING OF THE REGULATORY AND INTERNAL CONTROLS OBLIGATIONS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CEOS SALARY IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS BASED ON THE GOVERNING BOARDS REVIEW. THE CEO HAS ELECTED NOT TO TAKE A SALARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DIRECTORS SALARY AND OTHER KEY EMPLOYEES SALARIES ARE REVIEWED BY THE PREISDENT AND CEO THEN DISCUSSED WITH THE GOVERNING BOARD. THE PRESIDENT AND CEO REVIEW THE COMPARABILITY DATA FOR COMPARABLE POSITIONS BEFORE THE APPROVAL OF DIRECTORS SALARY AND OTHER KEY EMPLOYEES SALARIES. THE DIRECTORS HAVE ELECTED NOT TO TAKE A SALARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPLIANCE WITH THE POLICY IS CONTINUOSLY MONITORED AND ENFORCED EVERYTIME A PURCHASE ORDER AND/OR PROCURMENT ACTION IS TAKEN. IN ADDITION, THE CONFLICT OF INTEREST COMPLIANCE IS MONITORED AND EMPLOYMENT ACTION IS TAKEN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NA
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ADP PAYROLL PROCESSING 0. 0. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7PARKING EXPENSE 3640. 3640. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8TELEPHONE 881. 881. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9REPAIRS AND MAINTENANCE 0. 0. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10MEMBERSHIPS AND SUBSCRIPTIONS 0. 0. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11FINANCE CHARGE 105. 105. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12AUTOMOBILE 0. 0. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13NEED BASED 0. 0. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14SUPPORT SERVICE/STIPEND 0. 0. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15SUB CONTRACT 5952. 5952. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16ITA REIMBURSEMENT 0. 0. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17PARTICIPANT WAGES 20310. 20310. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18PARTICIPANT PAYROLL TAX 2356. 2356. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt19PARTICIPANT BENEFITS 0. 0. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt20BAD DEBT 94847. 0. 94847. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt21BUSINESS TAX 100. 0. 100. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc17Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc18Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc19Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc20Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc21Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0425755
IRS990/TotalAssetsEOYAmt0283352
IRS990/TotalAssetsGrp/BOYAmt0425755
IRS990/TotalAssetsGrp/EOYAmt0283352
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0110447
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0238443
IRS990/TotalFunctionalExpensesGrp/TotalAmt0348890
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0194793
IRS990/TotalLiabilitiesEOYAmt022186
IRS990/TotalLiabilitiesGrp/BOYAmt0194793
IRS990/TotalLiabilitiesGrp/EOYAmt022186
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0230962
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0261166
IRS990/TotalProgramServiceExpensesAmt0238443
IRS990/TotalProgramServiceRevenueAmt0379094
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0379094
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0379094
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0425755
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0283352
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt03333 WILSHIRE BLVD
IRS990/USAddress/CityNm0LOS ANGELES
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd090010
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0FRANCISCO DEVIVO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum02133555307
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MCS ECONOMIC DEVELOPMENT CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0MCSE
ReturnHeader/Filer/EIN0472926205
ReturnHeader/Filer/PhoneNum02133555307
ReturnHeader/Filer/USAddress/AddressLine1Txt03333 Wilshire Blvd
ReturnHeader/Filer/USAddress/CityNm0LOS ANGELES
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090010
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0954629680
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0QIU ACCOUNTANCY CORPORATION
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0139 SOUTH HUDSON AVENUE SUITE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PASADENA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd091101
ReturnHeader/PreparerPersonGrp/PhoneNum02133871818
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SAMUEL QIU
ReturnHeader/ReturnTs02025-05-12T13:32:27-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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