Totals
- Total revenue
- $7,080,631
- Total expenses
- $5,608,207
- Contributions and grants received
- $5,953,216
- Grants paid
- $0
- Program service revenue
- $750,832
- Investment income
- $297,872
- Other revenue
- $78,711
- Total assets, end of year
- $13,675,512
- Total liabilities, end of year
- $3,563,116
- Net assets or fund balances, end of year
- $10,112,396
- Program services expenses (Part IX)
- $3,974,564
- Management and general expenses
- $949,888
- Fundraising expenses
- $683,755
- Program service expenses (Part III)
- $3,974,564
Program services were 70.9% 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)
$954,575
-
1f · All other contributions, gifts and grants
$4,998,641
-
2a · Program service revenue: CONSULTING INCOME
total $750,832 · related or exempt $750,832
-
3 · Investment income
total $297,872 · related or exempt $297,872
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: OTHER INCOME
total $78,711 · related or exempt $78,711
-
11e · Other revenue, total
$78,711
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $908,512 · program services $608,703 · management and general $145,362 · fundraising $154,447
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $1,898,962 · program services $1,235,962 · management and general $311,562 · fundraising $351,438
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $374,700 · program services $238,647 · management and general $124,242 · fundraising $11,811
-
10 · Payroll taxes
total $217,151 · program services $142,894 · management and general $37,557 · fundraising $36,700
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $7,832 · program services $2,332 · management and general $2,750 · fundraising $2,750
-
13 · Office expenses
total $55,617 · program services $19,730 · management and general $33,048 · fundraising $2,839
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $99,463 · program services $54,948 · management and general $24,558 · fundraising $19,957
-
17 · Travel
total $66,326 · program services $42,421 · fundraising $23,905
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $21,531 · program services $21,531
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $11,914 · program services $489 · management and general $11,425
-
24a · Other expenses: OUTSIDE SERVICE FEES
total $1,488,075 · program services $1,355,854 · management and general $79,407 · fundraising $52,814
-
24b · Other expenses: PROFESIONAL FEES
total $122,305 · program services $6,038 · management and general $116,267
-
24c · Other expenses: DUES & SUBSCRIPTIONS
total $101,947 · program services $41,972 · management and general $37,551 · fundraising $22,424
-
24d · Other expenses: PROVISION FOR SEMIA LOAN LOSSE
total $65,189 · program services $65,189
-
24e · All other expenses
total $168,683 · program services $137,854 · management and general $26,159 · fundraising $4,670
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $9,590,665 · end of year $10,573,286
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $234,344 · end of year $240,607
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
beginning of year $1,373,755 · end of year $2,092,592
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $6,126 · end of year $6,126
-
10a · Land, buildings and equipment: cost or other basis
$57,130
-
10b · Land, buildings and equipment: accumulated depreciation
$57,130
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
beginning of year $351,117 · end of year $626,803
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $200,316 · end of year $136,098
-
17 · Accounts payable and accrued expenses
beginning of year $200,112 · end of year $402,041
-
19 · Deferred revenue
beginning of year $1,193,650 · end of year $1,536,021
-
24 · Unsecured notes and loans payable
beginning of year $1,514,747 · end of year $1,481,751
-
25 · Other liabilities
beginning of year $207,842 · end of year $143,303
-
27 · Net assets without donor restrictions
beginning of year $8,639,972 · end of year $10,112,396
Mission and programs · 2024
Mission
TO SERVE UNDERINVESTED COMMUNITIES AND BUILD THRIVING LOCAL ECONOMIES BY IMPROVING ACCESS TO TRANSFORMATIVE CAPITAL, AND ADVANCING POLICY THROUGH COLLABORATIVE RESEARCH AND COMMUNITY-DRIVEN ADVOCACY.
Activities or mission (Part I)
INCLUSIVE ACTION FOR THE CITY (IAC) IS A NONPROFIT ORGANIZATION AND COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) WHOSE MISSION IS TO SERVE UNDERINVESTED COMMUNITIES AND BUILD THRIVING LOCAL ECONOMIES BY IMPROVING ACCESS TO TRANSFORMATIVE CAPITAL, AND ADVANCING POLICY THROUGH COLLABORATIVE RESEARCH AND COMMUNITY-DRIVEN ADVOCACY. WE ENVISION DIVERSE COMMUNITIES THAT HAVE EQUITABLE AND SUSTAINED ACCESS TO RESOURCES, AND EXERCISE AGENCY OVER THEIR FUTURES.IAC WORKS TOWARD THIS MISSION WITH A THREE-PRONGED STRATEGY THAT HELPS COMMUNITY MEMBERS: ADDRESS IMMEDIATE NEEDS THROUGH ACCESS TO CAPITAL, SMALL BUSINESS DEVELOPMENT, AND WRAPAROUND SUPPORT SERVICES FOR LOW-INCOME ENTREPRENEURS; CREATE LONG-TERM SYSTEMS CHANGE THROUGH POLICY ADVOCACY AND COMMUNITY RESEARCH; AND BUILD ASSETS AND WEALTH THROUGH INNOVATIVE COMMUNITY-OWNED REAL ESTATE PROJECTS.
-
IN 2024, INCLUSIVE ACTION SUPPORTED NEARLY 1,500 COMMUNITY MEMBERS ACROSS ITS VARIOUS PROGRAMS, PROVIDING SERVICES AND ADVOCACY EFFORTS TO HELP LOW-TO-MODERATE INCOME COMMUNITY MEMBERS IMPROVE THEIR FINANCIAL STABILITY, GROW THEIR SMALL BUSINESSES, AND ACCESS GREATER ECONOMIC OPPORTUNITY.INCLUSIVE ACTIONS ACCESS TO CAPITAL AND SMALL BUSINESS DEVELOPMENT PROGAMMING PROVIDED ENTREPRENEURS AND SMALL BUSINESSES WITH NEARLY $1.25 MILLION IN LOW-INTEREST LOANS AND GRANTS TO EXAND THEIR BUSINESSES, OVER 860 HOURS OF TAILORED BUSINESS COACHING, AND 36 BUSINESS DEVELOPMENT WORKSHOPS. THE ORGANIZATIONS POLICY ADVOCACY EFFORTS RESULTED IN KEY VICTORIES FOR WORKING CLASS COMMUNITY MEMBERS AND ENTREPRENEURS, INCLUDING: HELPING PASS THE STATE OF CALIFORNIAS FIRST EVER COMMERCIAL TENANT PROTECTION LAWS; AND SUCCESSFULLY ADVOCATING FOR THE REMOVAL OF UNLAWFULNO VENDING ZONES IN THE CITY OF LOS ANGELES THAT BANNED STREET VENDORS FROM OPERATING IN SOME OF THE CITYS MOST TRAFFICKED AREAS.LASTLY, IN 2024 INCLUSIVE ACTION ALSO ADVANCE KEY REAL ESTATE PROJECTS TO HELP CREATE GREATER AFFORDABILITY AND OPPORTUNITIES FOR COMMUNITY OWNERSHIP. INCLUSIVE ACTION HELPED THE LOS ANGELES COUNTY GOVERNMENT LAUNCH THEIR FIRST-EVER LAND BANK PROJECT, WHICH IS DEDICATING $22 MILLION BETWEEN 2024-AND 2026 TO BUILDING AFFORDABLE HOUSING. INCLUSIVE ACTION ALSO ACQUIRED ITS SIXTH COMMERCIAL BUILDING IN LOS ANGELES EASTSIDE AS PART OF ITS COMMUNITY-OWNED REAL ESTATE PROJECT. THIS SIXTH BUILDING HOUSES TWO SMALL BUSINESSES AND SEVERAL RESIDENTIAL TENANTS, WITH WHOM INCLUSIVE ACTION IS WORKING TO TRANSITION INTO COLLECTIVE OWNERSHIP OF THE PROPERTY.
Expenses $3,974,564
As filed on the 2024 return.
Listed in Part VII
-
Rudolph EspinozaRUDOLPH ESPINOZA
President & CEO
- Total calculated
- $238,896
- From this org
- $231,522
- From related orgs
- $0
- Other
- $7,374
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $231,522
- Bonus
- not reported
- Other
- not reported
- Deferred
- $6,735
- Nontaxable benefits
- $639
- Filer's total
- $238,896
-
Nicole S AnandNICOLE S ANAND
DEPUTY DIRECTOR
- Total calculated
- $184,264
- From this org
- $178,292
- From related orgs
- $0
- Other
- $5,972
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $178,292
- Bonus
- not reported
- Other
- not reported
- Deferred
- $5,345
- Nontaxable benefits
- $627
- Filer's total
- $184,264
-
Julie Jae JungJULIE JAE JUNG
FINANCE DIRECTOR
- Total calculated
- $134,393
- From this org
- $129,351
- From related orgs
- $0
- Other
- $5,042
- Hours/week
- 40
-
Dough SmithDOUGH SMITH
POLICY & LEGAL DIR
- Total calculated
- $131,345
- From this org
- $126,325
- From related orgs
- $0
- Other
- $5,020
- Hours/week
- 40
-
Andrea C AvilaANDREA C AVILA
LENDING DIRECTOR
- Total calculated
- $127,064
- From this org
- $122,664
- From related orgs
- $0
- Other
- $4,400
- Hours/week
- 40
-
Osman AhmedOSMAN AHMED
COMMUNITY DIRECTOR
- Total calculated
- $124,309
- From this org
- $120,358
- From related orgs
- $0
- Other
- $3,951
- Hours/week
- 0
-
David HsuDAVID HSU
Co-Chair
- Total calculated
- $0
- Hours/week
- 1
-
Maria G CabildoMARIA G CABILDO
Co-Chair
- Total calculated
- $0
- Hours/week
- 1
-
Keandra Cylear DoddsKEANDRA CYLEAR DODDS
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Veronica SaldanaVERONICA SALDANA
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Remy De La PezaREMY DE LA PEZA
Director
- Total calculated
- $0
- Hours/week
- 1
-
Azusena FavelaAZUSENA FAVELA
Director
- Total calculated
- $0
- Hours/week
- 1
-
Grace KimGRACE KIM
Director
- Total calculated
- $0
- Hours/week
- 1
-
Angie Jean MarieANGIE JEAN MARIE
Director
- Total calculated
- $0
- Hours/week
- 1
-
Roger PerezROGER PEREZ
Director
- Total calculated
- $0
- Hours/week
- 1
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 · Written employment contract
- 3 · Compensation survey or study
- 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.
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.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
CORE LEVERAGE LENDER LLC
COMMERCIAL REAL ESTATE · CA · 50% owned · share of income -$97,730 · share of assets $4,173
-
COMMUNITY OWNED REAL ESTATE LLC
COMMERCIAL REAL ESTATE · CA · 30% owned · share of income -$166,256 · share of assets -$256,109
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
FOR THE CITY VENTURES LLC
C CORP · MICRO-EQUITY FUNDING · CA · 100% owned · controlled entity
Directly controlled by IAC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 3 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202533079349301863
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