Nonprofit · EIN 95-3464837
VERMONT-SLAUSON ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · LOS ANGELES, CA 90044
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $553,553 | $3,601,825 | -$3,048,272 | $41,795,745 | $7,036,415 | $34,759,330 |
| June 30, 2024 | 990 | $1,668,564 | $3,459,923 | -$1,791,359 | $44,369,407 | $6,747,853 | $37,621,554 |
| June 30, 2023 | 990 | $3,541,327 | $2,651,066 | $890,261 | $23,717,418 | $8,010,630 | $15,706,788 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,500
- Program service revenue
- $1,544,638
- Investment income
- $83,890
- Net gain from sales of assets
- $9,338
- Other revenue
- -$1,077,475
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $249,467
- Other salaries and wages
- $605,367
- Salaries, compensation and benefits (total)
- $1,015,800
- Professional fundraising fees
- $0
- Legal fees
- $4,390
- Accounting fees
- $18,000
- Occupancy
- $116,803
- Travel
- $23,417
- Depreciation
- $303,747
- Program services (functional)
- $1,429,127
- Management and general (functional)
- $1,555,653
- Fundraising (functional)
- $617,045
Balance sheet and other
- Total assets, start of year
- $44,369,407
- Total assets, end of year
- $41,795,745
- Total liabilities, end of year
- $7,036,415
- Net assets, end of year
- $34,759,330
- Land, buildings and equipment
- $10,219,194
- Publicly traded securities
- $2,407,632
- Net assets without donor restrictions
- $34,759,330
- Gross receipts
- $925,996
- Employees
- 56
- Volunteers
- 18
- Year formed
- 1978
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| QUENTIN D STRODE | PRESIDENT/CEO Officer | 40 | $221,114 | $13,576 |
| LIBBY WILLIAMS | CHIEF OPERATING OFFICER Highest-paid employee | 40 | $206,949 | $20,610 |
| FEDERICO CASTILLO | DIRECTOR OF FINANCE/ADMIN Highest-paid employee | 40 | $145,374 | $25,241 |
| NAMOCH SOKHOM | DIRECTOR OF LENDING SERV. Highest-paid employee | 40 | $132,616 | $21,102 |
| COREY CARLTON | FUND DIRECTOR Highest-paid employee | 40 | $114,104 | $3,855 |
| KYLA LEE | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| SHMEL C GRAHAM ESQ | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| KECIA M WASHINGTON ESQ | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| BEATRIZ OLVERA STOTZER | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| DAVID A ROBERTS | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| ARMANDO RAMIREZ | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| RANDAL J HERNANDEZ | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| DONNA RUFF | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| KAREN A CLARK | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2024: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LIBBY WILLIAMS | CHIEF OPERATING OFFICER Highest-paid employee | 40 | $175,413 | $18,789 |
| FEDERICO CASTILLO | DIRECTOR OF FINANCE/ADMIN Highest-paid employee | 40 | $152,549 | $22,394 |
| NAMOCH SOKHOM | DIRECTOR OF LENDING SERV. Highest-paid employee | 40 | $142,179 | $18,679 |
| QUENTIN D STRODE | PRESIDENT/CEO Officer | 40 | $130,708 | $12,747 |
| ADRIAN VELIZ | DIRECTOR Highest-paid employee | 40 | $129,725 | $0 |
| RENEE MONCITO | DIRECTOR OF PROGRAMS Highest-paid employee | 40 | $110,235 | $0 |
| BEATRIZ OLVERA STOTZER | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| DAVID A ROBERTS | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| KYLA LEE | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| KECIA M WASHINGTON ESQ | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| SHMEL C GRAHAM ESQ | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| ARMANDO RAMIREZ | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| RANDAL J HERNANDEZ | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| DONNA RUFF | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| KAREN A CLARK | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSEPH ROUZAN III | PAST EXECUTIVE DIRECTOR Officer | 40 | $225,000 |
| LIBBY WILLIAMS | CHIEF OPERATING OFFICER Highest-paid employee | 40 | $135,000 |
| FEDERICO CASTILLO | DIRECTOR OF FINANCE & ADMINISTRATION Highest-paid employee | 40 | $133,057 |
| CONNIE HWANG | DIRECTOR OF ADVANCEMENT Highest-paid employee | 40 | $130,000 |
| RENEE MONCITO | DIRECOR OF PROGRAMS Highest-paid employee | 40 | $120,000 |
| NAMOCH SOKHOM | DIRECTOR OF LENDING SERV. Highest-paid employee | 40 | $120,000 |
| BEATRIZ OLVERA STOTZER | BOARD MEMBER Trustee or director | 2 | $0 |
| DAVID A ROBERTS | BOARD MEMBER Trustee or director | 2 | $0 |
| MIGUEL ACUNA | PAST BOARD MEMBER Trustee or director | 2 | $0 |
| KYLA LEE | TREASURER Trustee or director, Officer | 2 | $0 |
| KECIA M WASHINGTON ESQ | BOARD CHAIR Trustee or director, Officer | 2 | $0 |
| SHMEL C GRAHAM ESQ | SECRETARY Trustee or director, Officer | 2 | $0 |
| DONNA RUFF | BOARD MEMBER Trustee or director | 2 | $0 |
| QUENTIN D STRODE | PRESIDENT/CEO Officer | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 1130 W SLAUSON AVE, LOS ANGELES, CA 90044-3710
- Principal officer (990 for 2024)
- JAZZ KEYES, 1130 W SLAUSON AVENUE, LOS ANGELES, CA 90044
- Signed the 990
- JAZZ KEYES, PRESIDENT/CEO
- Phone
- (323) 753-2335
- Return prepared by
- GYL LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 95-3464837 or by the name VERMONT-SLAUSON ECONOMIC DEVELOPMENT CORPORATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
BUSINESS AND RESIDENTIAL DEVELOPMENT
Program accomplishments
- BUSINESS ENTERPRISE CENTER - A SMALL BUSINESS CENTER THAT OFFERS SEMINARS, WORKSHOPS, AND ONE-ON-ONE CONSULTATIONS FOR MINORITY-OWNED BUSINESSES. THESE ARE INCUBATOR SPACES FOR SMALL BUSINESS ENTREPRENEURS WHO ARE STILL TRYING TO MAKE IT BIG IN THEIR RESPECTIVE BUSINESSESExpenses $247,124 · revenue $82,695
- VSRC - PROVIDES RENTAL SPACES TO MAJOR RETAILERS TO SERVE THE NEEDS OF THE COMMUNITY.Expenses $1,182,003 · revenue $1,461,943
- OTHER PROGRAMSrevenue -$1,077,475
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 95-3464837
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1980
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $41,795,745
- Income (IRS master file)
- $925,996
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $553,553 | $3,601,825 | $41,795,745 | IRS |
| 990 | June 2024 | $1,668,564 | $3,459,923 | $44,369,407 | IRS |
| 990 | June 2023 | $3,541,327 | $2,651,066 | $23,717,418 | XML |
| 990 | June 2022 | $3,446,255 | $2,645,497 | $16,120,809 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 95-3464837).
Questions about VERMONT-SLAUSON ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of VERMONT-SLAUSON ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of VERMONT-SLAUSON ECONOMIC DEVELOPMENT CORPORATION is 95-3464837.
- Is VERMONT-SLAUSON ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1980.
- Are donations to VERMONT-SLAUSON ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does VERMONT-SLAUSON ECONOMIC DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VERMONT-SLAUSON ECONOMIC DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VERMONT-SLAUSON ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of VERMONT-SLAUSON ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names JAZZ KEYES.
- Who are the officers and directors of VERMONT-SLAUSON ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 14 people; 5 received compensation from the organization, the highest $221,114 (QUENTIN D STRODE, PRESIDENT/CEO).
- How much revenue does VERMONT-SLAUSON ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $553,553, expenses of $3,601,825 and total assets of $41,795,745 at year end.
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