Overview
What is Genesis La Economic Growth Corporation?
Genesis LA Economic Growth Corporation is a nonprofit organization based in Los Angeles, California, located at 801 South Grand Avenue 775. Their primary mission is to combat community deterioration and ameliorate conditions of poverty, dependency, chronic unemployment, under-employment, rising community tensions, and social and economic disparity. They achieve this by providing loans, investments, and technical assistance to projects serving low-income communities, with a goal to stimulate economic development. The organization, with a team of 13 employees, supports and contributes to programs, projects, and activities of public nature designed to improve conditions and encourage growth in areas impacted by natural and unnatural disasters.
Official website here: www.genesisla.org
Is Genesis La Economic Growth Corporation legitimate?
Genesis La Economic Growth Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Genesis La Economic Growth Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.genesisla.org
What is the mission statement of Genesis La Economic Growth Corporation?
Genesis La Economic Growth Corporation focuses on providing financial assistance and technical support to initiatives that aim to stimulate economic development in low-income communities. Their primary objective is to combat community deterioration by implementing, contributing to, or supporting public programs and projects. These efforts are designed to foster and coordinate economic development, which in turn helps to alleviate poverty, reduce dependency, and address issues of chronic unemployment and underemployment. The organization's activities aim to ameliorate community tensions and social and economic disparities, particularly in areas affected by natural or man-made disasters.
Official website here: www.genesisla.org
Who is the CEO of Genesis La Economic Growth Corporation?
Tom De Simone is the Director of Genesis La Economic Growth Corporation.
Official website here: www.genesisla.org
What is the revenue of Genesis La Economic Growth Corporation?
Genesis La Economic Growth Corporation's revenue in 2022 was $29,890,047.
Official website here: www.genesisla.org
Who are the executives of Genesis La Economic Growth Corporation and what are their salaries?
Here are 13 key members and their salaries:
- Thomas J Desimone (President)
- Jessica Waybright (Legal Counsel)
- Jemelle Dicioco (Treasurer, Director Of Lending)
- Pavlin Buchukov (Senior Loan Officer)
- Lee Kanon Alpert (Director)
- Cindy Miscikowski (Director)
- Robert Oehler (Director)
- Richard Maire (Director-Chairman)
- Dutch C Ross Iii (Director)
- Pattie Ehsaei (Director-Sec)
- Marcia Choo (Director)
- Paul Chen (Director)
- Stephen Rolfe (Director)
Official website here: www.genesisla.org
Where can I find the form 990 for Genesis La Economic Growth Corporation?
The Genesis La Economic Growth Corporation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.genesisla.org
Learn more at the official website: www.genesisla.org
Mission Statement of Genesis La Economic Growth Corporation
Genesis La Economic Growth Corporation, a notable organization, strives to combat community deterioration by providing loans, investments, and technical assistance to projects serving low-income communities. With a primary purpose to stimulate economic development, the organization implements, supports, or contributes to the support of public programs, projects, and activities designed to foster and coordinate economic growth. By ameliorating conditions of poverty, dependency, chronic unemployment and under-employment, rising community tensions, and social and economic disparity in impoverished areas and those impacted by natural and unnatural disasters, Genesis La Economic Growth Corporation plays a crucial role in improving community conditions. Through their efforts, they aim to encourage thriving economies and alleviate the challenges faced by disadvantaged communities.
Impact
This information is meant to be a general summary of Genesis La Economic Growth Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Genesis La Economic Growth Corporation's impact is significant in combating community deterioration by providing loans, investments, and technical assistance to projects serving low-income communities in Los Angeles, CA. Through their programs, projects, and activities of a public nature, they stimulate, foster, coordinate, plan, improve, and encourage economic development. This helps ameliorate conditions of poverty, dependency, chronic unemployment, underemployment, rising community tensions, and social and economic disparity in areas of poverty and those impacted by natural and unnatural disasters. Their mission revolves around combating community deterioration by facilitating economic development, ultimately contributing to community improvement.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEE INCOME
Revenue
$901,746
SUBALLOCATION FEE INCOME
Revenue
$821,181
EXIT FEE
Revenue
$544,455
LOAN FEE INCOME
Revenue
$297,154
ADMIN SERVICES INCOME
Revenue
$215,076
Organization Details
Founding Year
1998
Phone
(213) 533-8900
Principal Officer
Tom De Simone
Main Address
801 SOUTH GRAND AVENUE 775, LOS ANGELES, CA, 90017
Website
www.genesisla.org
NTEE Category
Code: S31 - Community improvement
If you are a representative of Genesis La Economic Growth Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.