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← VERMONT-SLAUSON ECONOMIC DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by VERMONT-SLAUSON ECONOMIC DEVELOPMENT CORPORATION.

Totals

Total revenue
$1,668,564
Total expenses
$3,459,923
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,491,846
Investment income
$73,074
Other revenue
$103,644
Total assets, end of year
$44,369,407
Total liabilities, end of year
$6,747,853
Net assets or fund balances, end of year
$37,621,554
Program services expenses (Part IX)
$1,676,126
Management and general expenses
$1,210,168
Fundraising expenses
$573,629
Program service expenses (Part III)
$1,676,126

Program services were 48.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • BEATRIZ OLVERA STOTZER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • DAVID A ROBERTS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • KYLA LEE

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • KECIA M WASHINGTON ESQ

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • SHMEL C GRAHAM ESQ

    SECRETARY

    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

    PRESIDENT/CEO

    Total calculated
    $143,455
    From this org
    $130,708
    From related orgs
    $0
    Other
    $12,747
    Hours/week
    40

  • LIBBY WILLIAMS

    CHIEF OPERATING OFFICER

    Total calculated
    $194,202
    From this org
    $175,413
    From related orgs
    $0
    Other
    $18,789
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,413
    Bonus
    $0
    Other
    $0
    Deferred
    $8,771
    Nontaxable benefits
    $10,018
    Filer's total
    $194,202

  • FEDERICO CASTILLO

    DIRECTOR OF FINANCE/ADMIN

    Total calculated
    $174,943
    From this org
    $152,549
    From related orgs
    $0
    Other
    $22,394
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,549
    Bonus
    $0
    Other
    $0
    Deferred
    $7,627
    Nontaxable benefits
    $14,767
    Filer's total
    $174,943

  • RENEE MONCITO

    DIRECTOR OF PROGRAMS

    Total calculated
    $110,235
    From this org
    $110,235
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • NAMOCH SOKHOM

    DIRECTOR OF LENDING SERV.

    Total calculated
    $160,858
    From this org
    $142,179
    From related orgs
    $0
    Other
    $18,679
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,179
    Bonus
    $0
    Other
    $0
    Deferred
    $7,109
    Nontaxable benefits
    $11,570
    Filer's total
    $160,858

  • ADRIAN VELIZ

    DIRECTOR

    Total calculated
    $129,725
    From this org
    $129,725
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • VERMONT-SLAUSON RETAIL CENTER LLC

    RETAIL SHOPPING CENTER · CA · income $1,404,351 · assets $7,517,404

    Directly controlled by VERMONT-SLAUSON ECOMONIC DEVELOPMENT CORPORATION

  • VERMONT-SLAUSON SHOPPING DEVELOPMENT LLC

    RETAIL SHOPPING CENTER · CA · income $0 · assets $0

    Directly controlled by VERMONT-SLAUSON ECOMONIC DEVELOPMENT CORPORATION

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202511349349308966

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