Initiating Change In Our Neighborhoods Community Dev Corp
- Assets
- $445.1k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 16
- Location
- Van Nuys, CA
- Founding
- 06/2002
- Data as of
- 06/2022
- EIN
- 95-4871106
Organization Overview
Initiating Change In Our Neighborhoods Community Dev Corp is located in Van Nuys, CA. The organization was established in 2002. According to its NTEE Classification (R20) the organization is classified as: Civil Rights, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 06/2022, Initiating Change In Our Neighborhoods Community Dev Corp employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Initiating Change In Our Neighborhoods Community Dev Corp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Initiating Change In Our Neighborhoods Community Dev Corp generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $1.4m during the year ending 06/2022. While expenses have increased by 14.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
INITIATING CHANGE IN OUR NEIGHBORHOODS, COMMUNITY DEVELOPMENT CORPORATION EMPOWERS RESIDENTS AND SMALL BUSINESSES IN THE SAN FERNANDO VALLEY THROUGH PROGRAMS THAT SUPPORT SOCIAL, CIVIC, ECONOMIC DEVELOPMENT AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO MEET THE NEEDS OF THE BUSINESS COMMUNITY, ICON CDC OFFERS AN ARRAY OF WORKSHOPS ALONG WITH ONE-ON-ONE CONSULTING SERVICES TO ASSIST ENTREPRENEURS AND SMALL BUSINESS OWNERS IN THE AREAS OF BUSINESS PLANNING, FINANCIAL MANAGEMENT, CERTIFICATION, PROCUREMENT, CREDIT COUNSELING, MARKETING, SOCIAL MEDIA, HUMAN RESOURCES, LICENSING AND PERMITTING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Juan M Benitez President & CEO | Officer | 5 | $48,000 |
Fernando Oliveros Chairman | Trustee | 2.5 | $0 |
Greg Wesley Vice Chairman | Trustee | 2.5 | $0 |
Jesus Ramos Treasurer | Trustee | 2.5 | $0 |
Marco Santana Board Member | Trustee | 1.5 | $0 |
Yolanda Fuentes Board Member | Trustee | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Faj Consulting Services Inc Consulting | 6/29/18 | $78,750 |
Cornejo Strategies Consulting | 6/29/18 | $79,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,411,346 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,420,637 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $24,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $766,176 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $62,946 |
| Payroll taxes | $67,098 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,940 |
| Fees for services: Accounting | $22,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,720 |
| Advertising and promotion | $39,779 |
| Office expenses | $148 |
| Information technology | $30,229 |
| Royalties | $0 |
| Occupancy | $88,971 |
| Travel | $4,311 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,713 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,704 |
| Insurance | $5,260 |
| All other expenses | $35,058 |
| Total functional expenses | $1,390,255 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,244 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $337,708 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,340 |
| Net Land, buildings, and equipment | $2,882 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,957 |
| Total assets | $445,131 |
| Accounts payable and accrued expenses | $38,133 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $46,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $650 |
| Total liabilities | $84,783 |
| Net assets without donor restrictions | $360,348 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $445,131 |