Civic Intelligence

Vermont-Slauson LDC Inc.

990 • Fiscal year 2020 • EIN 95-3779310

Jul 01, 2019 to Jun 30, 2020 • Filed on Mar 01, 2021

1130 W Slauson AveLos Angeles, CA 90044

(323) 753-2335

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

72nd percentile

0.32x

Higher debt load relative to assets than 72% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

76th percentile

0.48x

Higher debt load relative to revenue than 76% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

68th percentile

16%

Higher net margin than 68% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

79th percentile

30%

Faster asset growth than 79% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

82nd percentile

34%

Faster revenue growth than 82% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,911,821

Up $443,750 (+30%) from 2019

Net Assets

Up

$1,306,943

Up $197,386 (+18%) from 2019

Liabilities

Up

$604,878

Up $246,364 (+69%) from 2019

Revenue

Up

$1,267,910

Up $320,032 (+34%) from 2019

Expenses

Up

$1,070,524

Up $322,032 (+43%) from 2019

Net Income

Down

$197,386

Down $2,000 (-1.0%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $744,899Liabilities 2011: $144,539Net Assets 2011: $600,3602011Assets 2012: $692,309Liabilities 2012: $168,663Net Assets 2012: $523,6462012Assets 2013: $658,352Liabilities 2013: $128,663Net Assets 2013: $529,6892013Assets 2014: $638,127Liabilities 2014: $106,525Net Assets 2014: $531,6022014Assets 2015: $763,313Liabilities 2015: $181,525Net Assets 2015: $581,7882015Assets 2016: $1,034,449Liabilities 2016: $495,400Net Assets 2016: $539,0492016Assets 2017: $1,478,663Liabilities 2017: $568,533Net Assets 2017: $910,1302017Assets 2018: $1,482,391Liabilities 2018: $572,220Net Assets 2018: $910,1712018Assets 2019: $1,468,071Liabilities 2019: $358,514Net Assets 2019: $1,109,5572019Assets 2020: $1,911,821Liabilities 2020: $604,878Net Assets 2020: $1,306,9432020Assets 2021: $3,810,364Liabilities 2021: $1,173,576Net Assets 2021: $2,636,7882021Assets 2022: $3,184,451Liabilities 2022: $701,107Net Assets 2022: $2,483,3442022Assets 2023: $4,339,591Liabilities 2023: $1,257,108Net Assets 2023: $3,082,4832023Assets 2024: $6,080,343Liabilities 2024: $2,913,563Net Assets 2024: $3,166,7802024

Highlighted filing

2020

Assets$1,911,821
Liabilities$604,878
Net Assets$1,306,943

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $97,144Expenses 2011: $88,749Net Income 2011: $8,3952011Revenue 2012: $69,569Expenses 2012: $146,283Net Income 2012: -$76,7142012Revenue 2013: $88,273Expenses 2013: $82,230Net Income 2013: $6,0432013Revenue 2014: $29,312Expenses 2014: $27,400Net Income 2014: $1,9122014Revenue 2015: $127,381Expenses 2015: $77,195Net Income 2015: $50,1862015Revenue 2016: $125,891Expenses 2016: $168,629Net Income 2016: -$42,7382016Revenue 2017: $1,044,660Expenses 2017: $673,579Net Income 2017: $371,0812017Revenue 2018: $595,446Expenses 2018: $595,405Net Income 2018: $412018Revenue 2019: $947,878Expenses 2019: $748,492Net Income 2019: $199,3862019Revenue 2020: $1,267,910Expenses 2020: $1,070,524Net Income 2020: $197,3862020Revenue 2021: $4,943,306Expenses 2021: $3,613,459Net Income 2021: $1,329,8472021Revenue 2022: $2,108,133Expenses 2022: $2,261,577Net Income 2022: -$153,4442022Revenue 2023: $3,532,388Expenses 2023: $2,985,677Net Income 2023: $546,7112023Revenue 2024: $3,568,862Expenses 2024: $3,709,069Net Income 2024: -$140,2072024

Highlighted filing

2020

Revenue$1,267,910
Expenses$1,070,524
Net Income$197,386
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Mar 1, 2021
Return Version
2019v5.1
Gross Receipts
$1,267,910
Mission and Program Overview

Mission

Economic Development of the local community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$426,154$605,570▲ $179,416
Investments in Publicly Traded Securities$597,597$590,735▼ $6,862
Cash and Non-Interest-Bearing Accounts$198,485$406,411▲ $207,926
Pledges and Grants Receivable$79,197$126,381▲ $47,184
Accounts Receivable$2,168$7,566▲ $5,398
Total Assets$1,468,071$1,911,821▲ $443,750
Other Assets Total$164,470$175,158▲ $10,688
Liabilities
Other Liabilities$198,918$433,077▲ $234,159
Unsecured Notes Loans Payable$100,000$100,000→ $0
Accounts Payable and Accrued Expenses$59,596$71,801▲ $12,205
Total Liabilities$358,514$604,878▲ $246,364
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$963,527$1,160,913▲ $197,386
Net Assets With Donor Restrictions$146,030$146,030→ $0
Total Net Assets Fund Balance$1,109,557$1,306,943▲ $197,386
Total Liabilities and Net Assets / Fund Balance$1,468,071$1,911,821▲ $443,750

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$175,158--
Compensation and Service Providers

Board Members and Trustees

NameTitle
William HollandPresident
Jerome ChampionBoardmember
Kecia WashingtonBoardmember
Ralph LippmanBoardmember
Ray MendozaBoardmember
Sylvia CastilloBoardmember
Yolanda GormanBoardmember
Earl CooperSecretary
Kyla LeeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$621,518
Program Service Revenue
$500,759
Investment Income
$143,793
Other Revenue
$1,840
All Other Contributions
$621,518
Change in Net Assets
$197,386
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$558,684
Other Expenses$511,840
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$447,153$7,497-$454,650
All Other Expenses$409,326$7,810-$417,136
Other Employee Benefits$65,116--$65,116
Advertising$51,422$7,150-$58,572
Payroll Taxes$38,354$564-$38,918
Fees for Services Legal-$7,735-$7,735
Insurance$6,376--$6,376
Travel$3,665$776-$4,441
Interest$3,744--$3,744
Other Expenses$998$486-$1,484
Conferences and Meetings$750--$750
Total Functional Expenses$1,027,247$43,277$0$1,070,524
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to VSEDC$433,077
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

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 schedule board meeting.

Conflict of interest policy compliance Part VI line 12C

The president of the board periodically inquiry with the boardmembers.

Governing documents etc available to public Part VI line 19

The agency will schedule an appointment to make copies available for review at its administrative office upon written request.

Filing and Contact Details

Filer

Filer Name
Vermont Slauson LDC Inc
EIN
95-3779310
Address
1130 W Slauson Ave, Los Angeles, CA 90044

Signing Officer

Name
Joseph Rouzan
Title
Executive Direc
Phone
3237532335
Signed
2021-03-01
Discuss with paid preparer
No

Organization Details

Formed
1981
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
Clifford R Benn CPA
Address
552 E Carson Street 104, Carson, CA 90745
Preparer
Clifford Benn
Phone
3106318145
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

Annual audit fee

List of other expenses Part IX line 24E

See attached schedule on other expenses

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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/PYTotalExpensesAmt0748492
IRS990/PYTotalRevenueAmt0947878
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0197386
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0446317
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0621518
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0427497
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt087500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt012496
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02600
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01151611
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt031998
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt032923
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt031963
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt06054
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0141
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0103079
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt07392
IRS990ScheduleA/OtherIncome170Grp/TotalAmt07392
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.64400
IRS990ScheduleA/PublicSupportPY170Pct00.98060
IRS990ScheduleA/PublicSupportTotal170Amt0812831
IRS990ScheduleA/SubstantialContributorsTotAmt0338780
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0621518
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0427497
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt087500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt012496
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02600
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01151611
IRS990ScheduleA/TotalSupportAmt01262082
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0175158
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Investment in WSBC
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0433077
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due to VSEDC
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0175158
IRS990ScheduleD/TotalLiabilityAmt0433077
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 990 is reviewed by the president of the board prior to filing. Copies are made available to the other board members at the next schedule board meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The president of the board periodically inquiry with the boardmembers.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The agency will schedule an appointment to make copies available for review at its administrative office upon written request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Annual audit fee
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4See attached schedule on other expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3List of other fees for services expenses Part IX line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4List of other expenses Part IX line 24e
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Vermont Slauson EDC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1Vermont Slauson Housing Corp
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0953464837
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1953822165
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501c4
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501c3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Business Development
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1Development ofAffordable Housing
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01130 W Slauson Ave
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt11130 W Slauson Ave
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Los Angeles
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1Los Angeles
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd090044
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd190044
IRS990/SchoolOperatingInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01468071
IRS990/TotalAssetsEOYAmt01911821
IRS990/TotalAssetsGrp/BOYAmt01468071
IRS990/TotalAssetsGrp/EOYAmt01911821
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0621518
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt043277
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01027247
IRS990/TotalFunctionalExpensesGrp/TotalAmt01070524
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0358514
IRS990/TotalLiabilitiesEOYAmt0604878
IRS990/TotalLiabilitiesGrp/BOYAmt0358514
IRS990/TotalLiabilitiesGrp/EOYAmt0604878
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01109557
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01306943
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01027247
IRS990/TotalProgramServiceRevenueAmt0500759
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0646392
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01267910
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01468071
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01911821
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0776
IRS990/TravelGrp/ProgramServicesAmt03665
IRS990/TravelGrp/TotalAmt04441
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0100000
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0100000

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.08$2.91$3.17$3.57$3.71$0.14
2023Detailed filing. Detailed filing data is available for this year.$4.34$1.26$3.08$3.53$2.99$0.55
2022Detailed filing. Detailed filing data is available for this year.$3.18$0.70$2.48$2.11$2.26$0.15
2021Detailed filing. Detailed filing data is available for this year.$3.81$1.17$2.64$4.94$3.61$1.33
2020Detailed filing. Detailed filing data is available for this year.$1.91$0.60$1.31$1.27$1.07$0.20
2019Detailed filing. Detailed filing data is available for this year.$1.47$0.36$1.11$0.95$0.75$0.20
2018Detailed filing. Detailed filing data is available for this year.$1.48$0.57$0.91$0.60$0.60$0.00
2017Detailed filing. Detailed filing data is available for this year.$1.48$0.57$0.91$1.04$0.67$0.37
2016Detailed filing. Detailed filing data is available for this year.$1.03$0.50$0.54$0.13$0.17$0.04
2015Summary only. Only limited summary data is available for this year.$0.76$0.18$0.58$0.13$0.08$0.05
2014Summary only. Only limited summary data is available for this year.$0.64$0.11$0.53$0.03$0.03$0.00
2013Summary only. Only limited summary data is available for this year.$0.66$0.13$0.53$0.09$0.08$0.01
2012Summary only. Only limited summary data is available for this year.$0.69$0.17$0.52$0.07$0.15$0.08
2011Summary only. Only limited summary data is available for this year.$0.74$0.14$0.60$0.10$0.09$0.01