Nonprofit · EIN 95-4712513
GENESIS LA ECONOMIC GROWTH CORPORATION
Tax-exempt · LOS ANGELES, CA 90017
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $18,549,186 | $7,325,672 | $11,223,514 | $161,104,961 | $68,970,424 | $92,134,537 |
| December 31, 2024 | 990 | $36,924,816 | $6,966,862 | $29,957,954 | $147,645,020 | $58,213,503 | $89,431,517 |
| December 31, 2023 | 990 | $12,696,966 | $5,688,271 | $7,008,695 | $121,034,291 | $49,783,498 | $71,250,793 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $7,045,354
- of which government grants
- $1,427,612
- Program service revenue
- $3,846,068
- Investment income
- $7,657,764
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,412,380
- Other salaries and wages
- $2,805,407
- Salaries, compensation and benefits (total)
- $3,238,577
- Professional fundraising fees
- $0
- Legal fees
- $54,271
- Accounting fees
- $238,874
- Occupancy
- $283,249
- Travel
- $22,833
- Depreciation
- $46,167
- Program services (functional)
- $6,827,096
- Management and general (functional)
- $310,877
- Fundraising (functional)
- $187,699
Balance sheet and other
- Total assets, start of year
- $147,645,020
- Total assets, end of year
- $161,104,961
- Total liabilities, end of year
- $68,970,424
- Net assets, end of year
- $92,134,537
- Land, buildings and equipment
- $246,836
- Net assets without donor restrictions
- $85,578,166
- Net assets with donor restrictions
- $6,556,371
- Gross receipts
- $18,549,186
- Employees
- 18
- Volunteers
- 0
- Year formed
- 1998
- 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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| THOMAS J DESIMONE | PRESIDENT/CEO Officer | 33.7 | $624,062 | $105,140 |
| JESSICA WAYBRIGHT | LEGAL COUNSEL Highest-paid employee | 33.7 | $237,375 | $39,993 |
| JEMELLE DICIOCO | TREASURER, DIRECTOR OF FIN Officer | 33.7 | $203,114 | $34,221 |
| PAVLIN BUCHUKOV | DIRECTOR OF LENDING Highest-paid employee | 33.7 | $164,171 | $27,659 |
| ANTHONY SANTANA | DIRECTOR OF LENDING Highest-paid employee | 33.7 | $135,948 | $22,904 |
| LEE KANON ALPERT | DIRECTOR Trustee or director | 1.7 | $0 | $0 |
| CINDY MISCIKOWSKI | DIRECTOR Trustee or director | 1.7 | $0 | $0 |
| RICHARD MAIRE | DIRECTOR-CHAIRMAN Trustee or director, Officer | 1.7 | $0 | $0 |
| DUTCH C ROSS III | DIRECTOR Trustee or director | 1.7 | $0 | $0 |
| PATTIE EHSAEI | DIRECTOR-SECRETARY Trustee or director, Officer | 1.7 | $0 | $0 |
| MARCIA CHOO | DIRECTOR Trustee or director | 1.7 | $0 | $0 |
| PAUL CHEN | DIRECTOR Trustee or director | 1.7 | $0 | $0 |
| STEPHEN ROLFE | DIRECTOR Trustee or director | 1.7 | $0 | $0 |
| LARA REGUS | DIRECTOR Trustee or director | 1.7 | $0 | $0 |
| ROBERT OEHLER | DIRECTOR Trustee or director | 1.7 | $0 | $0 |
990 for the year ended December 31, 2024: 15 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| THOMAS J DESIMONE | PRESIDENT/CEO Officer | 35.2 | $505,354 | $58,664 |
| JEMELLE DICIOCO | TREASURER, DIRECTOR OF FIN Officer | 35.2 | $191,973 | $22,285 |
| JESSICA WAYBRIGHT | LEGAL COUNSEL Highest-paid employee | 35.2 | $185,142 | $21,491 |
| PAVLIN BUCHUKOV | DIRECTOR OF LENDING Highest-paid employee | 35.2 | $183,678 | $21,322 |
| ANTHONY SANTANA | SENIOR LOAN OFFICER Highest-paid employee | 35.2 | $119,163 | $13,833 |
| LEE KANON ALPERT | DIRECTOR Trustee or director | 1.8 | $0 | $0 |
| CINDY MISCIKOWSKI | DIRECTOR Trustee or director | 1.8 | $0 | $0 |
| RICHARD MAIRE | DIRECTOR-CHAIRMAN Trustee or director, Officer | 1.8 | $0 | $0 |
| DUTCH C ROSS III | DIRECTOR Trustee or director | 1.8 | $0 | $0 |
| PATTIE EHSAEI | DIRECTOR-SECRETARY Trustee or director, Officer | 1.8 | $0 | $0 |
| MARCIA CHOO | DIRECTOR Trustee or director | 1.8 | $0 | $0 |
| PAUL CHEN | DIRECTOR Trustee or director | 1.8 | $0 | $0 |
| STEPHEN ROLFE | DIRECTOR Trustee or director | 1.8 | $0 | $0 |
| LARA REGUS | DIRECTOR Trustee or director | 1.8 | $0 | $0 |
| ROBERT OEHLER | DIRECTOR Trustee or director | 1.8 | $0 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| THOMAS J DESIMONE | PRESIDENT/CEO Officer | 32.3 | $533,158 | $105,702 |
| JESSICA WAYBRIGHT | LEGAL COUNSEL Highest-paid employee | 32.3 | $188,965 | $37,463 |
| PAVLIN BUCHUKOV | DIRECTOR OF LENDING Highest-paid employee | 32.3 | $155,995 | $30,928 |
| JEMELLE DICIOCO | TREASURER, DIRECTOR OF FINANCE Highest-paid employee | 32.3 | $149,551 | $29,649 |
| ANTHONY SANTANA | SENIOR LOAN OFFICER Highest-paid employee | 32.3 | $100,897 | $20,003 |
| LEE KANON ALPERT | DIRECTOR Trustee or director | 1.6 | $0 | $0 |
| CINDY MISCIKOWSKI | DIRECTOR Trustee or director | 1.6 | $0 | $0 |
| ROBERT OEHLER | DIRECTOR Trustee or director, Officer | 1.6 | $0 | $0 |
| RICHARD MAIRE | DIRECTOR-CHAIRMAN Trustee or director, Officer | 1.6 | $0 | $0 |
| DUTCH C ROSS III | DIRECTOR Trustee or director | 1.6 | $0 | $0 |
| PATTIE EHSAEI | DIRECTOR-SECRETARY Trustee or director, Officer | 1.6 | $0 | $0 |
| MARCIA CHOO | DIRECTOR Trustee or director | 1.6 | $0 | $0 |
| PAUL CHEN | DIRECTOR Trustee or director | 1.6 | $0 | $0 |
| STEPHEN ROLFE | DIRECTOR Trustee or director | 1.6 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 801 S GRAND AVE STE 850, LOS ANGELES, CA 90017-5222
- Principal officer (990 for 2025)
- TOM DE SIMONE, 801 SOUTH GRAND AVENUE 850, LOS ANGELES, CA 90017
- Signed the 990
- TOM DE SIMONE, PRESIDENT
- Phone
- (213) 533-8900
- Website
- GENESISLA.ORG
- Return prepared by
- NOVOGRADAC & COMPANY LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 95-4712513 or by the name GENESIS LA ECONOMIC GROWTH 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
THE PRIMARY PURPOSE OF THE ORGANIZATION SHALL BE TO COMBAT COMMUNITY DETERIORATION BY ASSISTING, IMPLMENTING, SUPPORTING OR CONTRIBUTING TO THE SUPPORT OF PROGRAMS, PROJECTS AND ACTIVITIES OF PUBLIC NATURE DESIGNED TO STIMULATE ECONOMIC DEVELOPMENT.
Program accomplishments
- THE ORGANIZATION ASSISTED IN COMBATING COMMUNITY DETERIORATION BY IMPLEMENTING, SUPPORTING OR CONTRIBUTING TO THE SUPPORT OF PROGRAMS, PROJECTS AND ACTIVITIES OF PUBLIC NATURE DESIGNED TO STIMULATE, FOSTER, COORDINATE, PLAN, IMPROVE AND ENCOURAGE ECONOMIC DEVELOPMENT THEREBY AMELIORATING CONDITIONS OF POVERTY, DEPENDENCY, CHRONIC UNEMPLOYMENT AND UNDER-EMPLOYMENT, RISING COMMUNITY TENSIONS, AND SOCIAL AND ECONOMIC DISPARITY IN AREAS OF POVERTY AND AREAS IMPACTED BY NATURAL AND UNNATURAL DISASTERS.Expenses $6,827,096 · grants $1,412,380 · revenue $3,846,068
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 95-4712513
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1999
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $161,104,961
- Income (IRS master file)
- $18,549,186
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $18,549,186 | $7,325,672 | $161,104,961 | XML |
| 990 | December 2024 | $36,924,816 | $6,966,862 | $147,645,020 | XML |
| 990 | December 2023 | $12,696,966 | $5,688,271 | $121,034,291 | XML |
| 990 | December 2022 | $29,890,047 | $18,976,298 | $107,833,235 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 95-4712513).
Questions about GENESIS LA ECONOMIC GROWTH CORPORATION
- What is the EIN of GENESIS LA ECONOMIC GROWTH CORPORATION?
- The employer identification number (EIN) of GENESIS LA ECONOMIC GROWTH CORPORATION is 95-4712513.
- Is GENESIS LA ECONOMIC GROWTH CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to GENESIS LA ECONOMIC GROWTH CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GENESIS LA ECONOMIC GROWTH 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 GENESIS LA ECONOMIC GROWTH CORPORATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GENESIS LA ECONOMIC GROWTH CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of GENESIS LA ECONOMIC GROWTH CORPORATION?
- The 990 for the year ended December 31, 2025 names TOM DE SIMONE.
- Who are the officers and directors of GENESIS LA ECONOMIC GROWTH CORPORATION?
- The 990 for the year ended December 31, 2025 lists 15 people; 5 received compensation from the organization, the highest $624,062 (THOMAS J DESIMONE, PRESIDENT/CEO).
- How much revenue does GENESIS LA ECONOMIC GROWTH CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $18,549,186, expenses of $7,325,672 and total assets of $161,104,961 at year end.
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