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Nonprofiteer
← VERMONT-SLAUSON LDC INC

Form 990 for tax year 2023

Filed by VERMONT-SLAUSON LDC INC.

Totals

Total revenue
$3,568,862
Total expenses
$3,709,069
Contributions and grants received
$3,326,315
Grants paid
$7,790
Program service revenue
$157,977
Investment income
$58,437
Other revenue
$26,133
Total assets, end of year
$6,080,343
Total liabilities, end of year
$2,913,563
Net assets or fund balances, end of year
$3,166,780
Program services expenses (Part IX)
$3,387,963
Management and general expenses
$321,106
Fundraising expenses
$0
Program service expenses (Part III)
$3,387,963

Program services were 91.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $2,236,609

  • 1f · All other contributions, gifts and grants

    $1,089,706

  • 2a · Program service revenue: REVOLVING LOAN INTERES

    total $117,679 · related or exempt $117,679

  • 2b · Program service revenue: FEES AND COMMISSIONS

    total $40,298 · related or exempt $40,298

  • 3 · Investment income

    total $29,515 · excluded $29,515

  • 7a · Gross sales of assets other than inventory

    securities $490,020

  • 7b · Less cost or other basis and sales expenses

    securities $461,098

  • 7c · Gain or loss

    securities $28,922

  • 7d · Net gain or loss

    total $28,922 · excluded $28,922

  • 11a · Other revenue: PASS-THROUGH INCOME

    total $26,133 · related or exempt $26,133

  • 11e · Other revenue, total

    $26,133

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $7,790 · program services $7,790

  • 7 · Other salaries and wages

    total $1,829,208 · program services $1,719,055 · management and general $110,153

  • 8 · Pension plan contributions

    total $74,391 · program services $74,391

  • 9 · Other employee benefits

    total $151,834 · program services $142,950 · management and general $8,884

  • 10 · Payroll taxes

    total $145,461 · program services $136,439 · management and general $9,022

  • 11c · Fees: accounting

    total $21,500 · program services $21,500

  • 11g · Fees: other

    total $493,538 · program services $493,288 · management and general $250

  • 12 · Advertising and promotion

    total $215,431 · program services $213,328 · management and general $2,103

  • 13 · Office expenses

    total $58,308 · program services $50,147 · management and general $8,161

  • 14 · Information technology

    total $20,400 · program services $20,400

  • 16 · Occupancy

    total $49,442 · program services $49,442

  • 17 · Travel

    total $7,088 · program services $7,088

  • 19 · Conferences, conventions and meetings

    total $5,028 · program services $4,783 · management and general $245

  • 20 · Interest

    total $65,556 · program services $65,556

  • 23 · Insurance

    total $28,252 · program services $28,252

  • 24a · Other expenses: PROVISION FOR LOSSES

    total $182,068 · program services $182,068

  • 24b · Other expenses: COMMUNITY EVENT EXPENSE

    total $84,303 · program services $10,355 · management and general $73,948

  • 24c · Other expenses: DISALLOWED COST

    total $80,371 · management and general $80,371

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $66,123 · program services $66,037 · management and general $86

  • 24e · All other expenses

    total $122,977 · program services $95,094 · management and general $27,883

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $517,947 · end of year $1,466,573

  • 3 · Pledges and grants receivable

    beginning of year $216,500 · end of year $702,100

  • 4 · Accounts receivable

    beginning of year $592,992 · end of year $41,046

  • 7 · Other notes and loans receivable

    beginning of year $1,681,423 · end of year $2,365,452

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,775 · end of year $5,925

  • 11 · Investments: publicly traded securities

    beginning of year $1,210,871 · end of year $1,435,731

  • 15 · Other assets

    beginning of year $102,083 · end of year $63,516

  • 17 · Accounts payable and accrued expenses

    beginning of year $187,040 · end of year $190,469

  • 24 · Unsecured notes and loans payable

    beginning of year $500,000 · end of year $1,500,000

  • 25 · Other liabilities

    beginning of year $570,068 · end of year $1,223,094

  • 27 · Net assets without donor restrictions

    beginning of year $1,523,593 · end of year $743,689

  • 28 · Net assets with donor restrictions

    beginning of year $1,558,890 · end of year $2,423,091

Mission and programs · 2023

Mission

ECONOMIC DEVELOPMENT OF THE LOCAL COMMUNITY.

  • BUSINEES ASSISTANCE PROGRAMS - PROVIDES BUSINESS ASSISTANCE SERVICES TO START-UP AND EXISTING BUSINESSES UNDER A CONTRACT WITH THE CITY OF LOS ANGELES.

    Expenses $1,390,353

  • LENDING PROGRAM - PROVIDED FINANCIAL CAPACITY ASSISTANCE AND LOAN OPPORTUNITIES TO SMALL BUSINESSES IN LOS ANGELES.

    Expenses $671,977 · Revenue $157,977

  • OTHER PROGRAMS AND ACTIVITIES.

    Expenses $1,325,633 · Grants $7,790 · Revenue $26,133

As filed on the 2023 return.

Listed in Part VII

  • Curtis Fralin

    PAST BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Beatriz Olvera Stotzer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Miguel Acuna

    PAST BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • David A Roberts

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Armando Ramirez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Randal J Hernandez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Donna Ruff

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Karen A Clark

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Quentin D Strode

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $143,455
    From this org
    $0
    From related orgs
    $130,708
    Other
    $12,747
    Hours/week
    2

  • Kecia Washington

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Kyla Lee

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Shmel Graham

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202541349349308229

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