2024-10-31T15:36:26-07:00 2023-12-31 953521941 GTL LLP 15315 Magnolia Blvd Suite 110 Sherman Oaks CA 91403 990 2023-01-01 270584116 INCLUSIVE ACTION FOR THE CITY INCL 3236049765 2900 E CESAR E CHAVEZ AVE LOS ANGELES CA 90033 RUDOLPH ESPINOZA Executive Director 2024-10-29 true true FABIO VASCO P00332485 8185090066 2023 2024-10-15 13:58:12Z RUDOLPH ESPINOZA 2900 E CESAR E CHAVEZ AVE LOS ANGELES CA 90033 8722982 false X WWW.INCLUSIVEACTION.ORG X 2009 CA 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. IACS STRATEGY TO ACHIEVE THIS MISSION AND VISION IS THREEFOLD: ADDRESS IMMEDIATE NEEDS BY PROVIDING ACCESS TO CAPITAL PAIRED WITH WRAPAROUND SERVICES THAT SUPPORT LOW-INCOME, BIPOC AND IMMIGRANT SMALL BUSINESSES AND ENTREPRENEURS; CREATE LONG-TERM SYSTEMS CHANGE THROUGH POLICY ADVOCACY AND COMMUNITY RESEARCH; AND BUILD GENERATIONAL WEALTH THROUGH COMMUNITY INNOVATION INITIATIVES INCLUDING LAND AND REAL ESTATE PROGRAMS TO PREVENT DISPLACEMENT. 10 10 38 10 0 4649141 7298987 271877 1272559 55923 61138 34625 90298 5011566 8722982 0 0 1972859 2673507 0 540483 2573736 3076423 4546595 5749930 464971 2973052 10551193 11756323 4884273 3116351 5666920 8639972 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. false false 4399172 INCLUSIVE ACTION FOR THE CITY IS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI)THAT SERVES LOS ANGELES COUNTY AND BEYOND THROUGH DUAL INTERVENTIONS: RESEARCH-INFORMED ADVOCACY AND COMMUNITY CENTERED MICROFINANCE. INCLUSIVE ACTION FOR THE CITY'S PROGRAMS AND SEVICES ARE DIVIDED INTO TWO AREAS OF WORK: ACCESS TO CAPITAL AND POLICY ADVOCACY AND RESEARCH, EACH DESIGNED TO SUPPORT THE EQUITABLE ECONOMIC DEVELOPMENT IN LA'S MOST VULNERABLE COMMUNITIES.OUR ACCESS TO CAPITAL PROGRAMS PROVIDE CAPITAL AND BUSINESS COACHING TO LOW-INCOME ENTREPRENEURS WHO ARE HISTORICALLY UNDERSERVED BY FINANCIAL INSTITUTIONS AND DEPRIVED OF OPPORTUNITIES TO INVEST IN THEIR BUSINESSES. IACS LOW-INTEREST LOAN PROGRAM, THE SEMIA FUND HAS PROVIDED OVER $3.5M IN LOW-INTEREST LOANS TO NEARLY 300 ENTREPRENEURS IN THE LA COUNTY AREA. IACS APPROACH TO LENDING IS UNIQUE IN A FEW KEY WAYS: ONE, IAC SERVES A HIGH-NEED AND COMPLETELY OVERLOOKED POPULATION OF LOW-INCOME MICRO-ENTREPRENEURS, INCLUDING STREET VENDORS, HOME-BASED BUSINESSES, AND MOM-AND-POP SHOPS; TWO, IAC OFFERS BUSINESS COACHING WITH EVERY LOAN, WHICH IS A NECESSITY FOR THE POPULATION IAC SERVES BUT A RARITY IN THE INDUSTRY; THREE, IAC USES BESPOKE CHARACTER-BASED LENDING METHODS THAT ENABLES THE TAKING ON OF CLIENTS THAT ARE DEEMED RISKY BY OTHERS (DUE TO AGE, IMMIGRATION STATUS, LACK OF BUSINESS FORMALIZATION, FINANCIAL BUSINESS SYSTEMS, DOCUMENTATION OF BUSINESS OWNER ETC.); AND FOUR, IAC STAFF ARE FROM COMMUNITIES OF COLOR AND IMMIGRANTS, ENDOWING THEM WITH EXPERIENCE AND CAPABILITIES TO UNDERSTAND IAC CLIENTS NEEDS.IN ADDITION TO THE SEMI'A FUND IAC ALSO RUNS THE COMMUNITY-OWNED REAL ESTATE (CORE) PROJECT, A JOINT PROJECT WITH EAST LA COMMUNITY CORPORATION AND LITTLE TOKYO SERVICE CENTER TO COMBAT GENTRIFICATION BY ACQUIRING, REHABILITATING, AND PRESERVING COMMERCIAL PROPERTIES IN RAPIDLY GENTRIFYING NEIGHBORHOODS AND INCREASE ACCESS TO AFFORDABLE COMMERCIAL SPACE FOR LOCALLY-OWNED BUSINESSES. THROUGH THIS INITIATIVE, IAC AND ITS PARTNERS SUCCESSFULLY ACQUIRED AND REHABILITATED FIVE COMMERCIAL PROPERTIES AND ARE CLOSE TO ACHIEVING FULL OCCUPANCY. THIS YEAR, IAC IS DEVELOPING A STRATEGY TO CREATE PATHWAYS TO TENANT-OWNERSHIP FOR THE CORE TENANTS. LASTLY, IAC IS ALSO WORKING ON LAUNCHING A NEW ITERATION OF THE RESTORE FUND, A SOCIAL IMPACT FUND THAT WILL CONNECT MARGINALIZED ENTREPRENEURS WITH EQUITY AND SOCIAL CAPITAL TO HELP THEIR BUSINESS GROW AND THRIVE.OUR POLICY ADVOCACY AND RESEARCH EFFORTS FOCUS ON CREATING JUST AND EQUITABLEECONOMIC CONDITIONS FOR LA'S MOST VULNERABLE ENTREPRENEURS. OUR TOP POLICY PROJECT IS CO-LEADING THE LA STREET VENDOR CAMPAIGN, A CITYWIDE EFFORT THAT LEGALIZED STREETVENDING IN THE CITY OF LA IN 2017 AND DECRIMINALIZED THE ACTIVITY ACROSS CALIFORNIAIN 2018. SINCE THEN, THE CAMPAIGN HAS FOCUSED ON MONITORING THE IMPLEMENTATION OFSTREET VENDING POLICY AND WORKS AT KEY INTERVENTION POINTS TO ADVOCATE FOR MOREEQUITABLE CONDITIONS FOR STREET VENDORS. IN ADDITION TO THE STREET VENDOR CAMPAIGN,INCLUSIVE ACTION ALSO PARTICIPATE IN OTHER LOCAL COALITIONS TO SUPPORT LA'S MOSTVULNERABLE COMMUNITIES INCLUDING: THE HEALTHY LA COALITION, THE LA SMALL BUSINESSALLIANCE FOR EQUITABLE COMMUNITIES, AND THE IMMIGRATION INTEGRATION TASK FORCE. 4399172 true true false true false false false false false false true false false false true true true false false false false false false false false false false false false true false false false false false false false false false false false false false true true false false false true 126 0 false 38 true false false false false false false false 0 false false false false false false false X 10 10 false false false false false false false true false false false true false false false false false false CA X RUDOLPH ESPINOZA 3236049765 2900 E CESAR E CHAVEZ AVE LOS ANGELES CA 90033 RUDOLPH ESPINOZA Executive Dir. 40.00 0.00 X 199650 0 5990 NICOLE S ANAND DEPUTY DIRECTOR 40.00 0.00 149930 0 4349 JULIE JAE JUNG FINANCE DIRECTOR 40.00 0.00 119339 0 0 ANDREA C AVILA POLICY DIRECTOR 40.00 0.00 110670 0 0 ESTEFANIA B LOPEZ PEREZ SR POLICY ASSOCIAT 40.00 0.00 102102 0 0 DAVID HSU Co-Chair 1.00 0.00 X X 0 0 0 MARIA G CABILDO Co-Chair 1.00 0.00 X X 0 0 0 KEANDRA CYLEAR DOODS Secretary 1.00 0.00 X X 0 0 0 AMI PASCUAL SPEAR Treasurer 1.00 0.00 X X 0 0 0 REMY DE LA PEZA Director 1.00 0.00 X 0 0 0 ANGIE JEAN MARIE Director 1.00 0.00 X 0 0 0 GRACE KIM Director 1.00 0.00 X 0 0 0 ROGER PEREZ Director 1.00 0.00 X 0 0 0 BILL ROSCHEN Director 1.00 0.00 X 0 0 0 VERONICA SALDANA Director 1.00 0.00 X 0 0 0 681691 10339 5 false true false CA REINVEST COALITION 77 VAN NESS AVE SAN FRANCISCO CA 94102 Outreach & Financial Svs 425372 EAST LA CORPORATION 2917 E 1ST STREET LOS ANGELES CA 90033 Financial Empower Svs 403000 PUBLIC COUNSEL 610 S ARDMORE AV LOS ANGELES CA 90005 LEGAL & BUSINESS SVCS 456150 RIGHT TO THE CITY ALLIANCE INC 388 ATLANTIC AVE BROOKLYN NY 11217 SIDEWALK VENDING PILOT 261930 KOUNKUEY DESIGN INITIATIVE INC 800 N BROADWAY LOS ANGELES CA 90012 SIDEWALK VENDING PILOT 106293 5 858050 6440937 7298987 CONSULTING INCOME 900099 1272559 1272559 1272559 61138 61138 0 0 0 0 14500 14500 0 0 OTHER INCOME 900099 75798 75798 75798 8722982 1409495 0 0 0 0 681691 456733 109071 115887 0 1534210 1034877 252413 246920 0 285273 174778 84819 25676 172333 110319 47793 14221 0 0 0 0 0 0 0 7231 902 639 5690 63569 17464 40122 5983 0 0 67620 39815 27805 96939 43684 46404 6851 0 0 18027 17117 910 0 0 22217 22217 OUTSIDE SERVICE FEES 2183811 2060956 34960 87895 EVENTS 156481 137177 3463 15841 PROVISION FOR SEMIA LOAN LOSSE 144265 144265 DUES & SUBSCRIPTIONS 110218 59804 36323 14091 206045 101281 103336 1428 5749930 4399172 810275 540483 7211256 9590665 21031 0 0 1510502 234344 0 0 1355769 1373755 0 6126 6126 57130 57130 0 0 0 185646 351117 0 260863 200316 10551193 11756323 955325 200112 2618612 1193650 1044141 1514747 266195 207842 4884273 3116351 X 5666920 8639972 5666920 8639972 10551193 11756323 2973052 X false true X true false X 1491491 2832542 5331531 4649141 7228604 21533309 0 0 0 0 1491491 2832542 5331531 4649141 7228604 21533309 0 0 21533309 13718 4092 23506 55923 75798 173037 0 13718 4092 23506 55923 75798 173037 0 63149 1888 123608 26035 75798 290478 1568358 2838522 5478645 4731099 7380200 21996824 0.97890 0.97940 0.00790 0.00670 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false true false false false false true 9676 true 21983 false 31659 false false Part II-B, Line 1i - Other Activities Description PART II-B - DESCRIPTION OF LOBBYING ACTIVITYINCLUSIVE ACTION FOR THE CITY CONDUCTS POLICY ADVOCACY AND LIMITED LOBBYING ACTIVITIES TO CREATE MORE EQUITABLE AND ACCESSIBLE POLICIES AND PUBLIC PROGRAMS THAT ALLOW LOW-INCOME ENTREPRENEURS AND SMALL BUSINESSES TO HAVE INCREASED ECONOMIC OPPORTUNITY. ONE EXAMPLE OF THIS WORK IS INCLUSIVE ACTIONS PARTICIPATION IN THE CALIFORNIA STREET VENDOR CAMPAIGN, WHICH ADVOCATES FOR STREET VENDORS IN LOS ANGELES AND BEYOND. IT WAS CREATED IN LATE 2021 TO ADVOCATE FOR A CHANGE IN THE CA RETAIL FOOD CODE, THE LAW THAT GOVERNS HOW FOOD IS PREPARED AND SOLD IN THE STATE. THE CA STREET VENDOR CAMPAIGN WORKED TO INTRODUCE SENATE BILL 972, A GROUNDBREAKING BILL THAT MODERNIZED THE CALIFORNIA RETAIL FOOD CODE AND CREATE AN EQUITABLE PATHWAY FOR STREET VENDORS TO OBTAIN PERMITS, AFFORDABLE CARTS, AND ACCESS TO PERMITTED KITCHENS AND SAFE FOOD STORAGE SITES. THE BILL WAS INTRODUCED BY SENATOR LENA GONZALEZ AND SIGNED INTO LAW IN 2022. Part IV - Additional Information 52284 52284 4846 4846 INVESTMENT IN CORE, LLC. 344488 C FOR THE CITY VENTURES, LLC 6629 C OPERATING LEASE LIAB CURRENT PORTION 74538 OPERATING LEASE LIAB NET CURRENT PORTION 133304 207842 X 8722982 8722982 8722982 5749930 5749930 5749930 Part X : FIN48 Footnote THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE ORGANIZATION AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS INCOME TAX (UBIT). THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH POSITIONS ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR THE YEAR ENDED DECEMBER 31, 2023. X X X false false false false false false false false false NICOLE S ANAND DEPUTY DIRECTOR 149930 4349 149930 4349 RUDOLPH ESPINOZA Executive Dir. 192150 7500 5990 199650 5990 Form 990, Part VI, Section B, Line 11b EXPLANATION: THE ORGANIZATION'S ACCOUNTING FIRM PREPARES THE FORM 990. A DRAFT OF THE FORM 990 IS THEN SENT TO THE ORGANIZATION'S EXECUTIVE DIRECTOR FOR HIS REVIEW AND APPROVAL. THE EXECUTIVE DIRECTOR PROVIDES A COPY OF THE FORM 990 TO ALL BOARD MEMBERS, THEN REVIEWS THE FORM 990 FOR COMPLETENESS AND ACCURACY, AND GIVES THE ACCOUNTING FIRM HIS APPROVAL. THE ACCOUNTING FIRM PROCESSES THE FORM 990 AND SENDS IT TO THE EXECUTIVE DIRECTOR FOR HIS SIGNING. Form 990, Part VI, Section C, Line 19 EXPLANATION: THE ORGANIZATION REVIEWS AND CONSIDERS ALL REQUESTS BUT WILL MAKE ITSGOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AS REQUIRED BYLAW ON A CASE-BY-CASE BASIS. CORE LEVERAGE LENDER LLC 2917 EAST 1ST STREET STE 101 LOS ANGELES CA 90033 841855811 COMMERCIAL REAL ESTATE CA N/A -150461 151903 false false 0.50000 COMMUNITY OWNED REAL ESTATE LLC 2917 EAST 1ST STREET STE 101 LOS ANGELES CA 90033 841820010 COMMERCIAL REAL ESTATE CA N/A -106765 -211656 false false 0.30000 FOR THE CITY VENTURES LLC 2900 E CESAR CHAVEZ AVE LOS ANGELES CA 90033 352567003 MICRO-EQUITY FUNDING CA IAC C CORP 1.00000 true false false false false false false false false false false false false false false false false false false false