2026-07-31T11:53:26-05:00 2025-12-31 943108253 NOVOGRADAC & COMPANY LLP 3780 KILROY AIRPORT WAY SUITE 330 LONG BEACH CA 90806 990 2025-01-01 954712513 GENESIS LA ECONOMIC GROWTH CORPORATION GENE 2135338900 801 SOUTH GRAND AVENUE 850 LOS ANGELES CA 90017 TOM DE SIMONE PRESIDENT 2135338900 2026-07-31 1 BRYAN HUNG P01553971 5624329482 2025 2025-03-06 01:10:19Z TOM DE SIMONE 801 SOUTH GRAND AVENUE 850 LOS ANGELES CA 90017 18549186 0 X GENESISLA.ORG X 1998 CA PROVIDE LOANS, INVESTMENTS AND TECHNICAL ASSISTANCE TO PROJECTS SERVING LOW INCOME COMMUNITIES. 10 10 18 0 0 0 26527066 7045354 3413770 3846068 6983980 7657764 0 0 36924816 18549186 1700532 1412380 0 0 2929317 3238577 0 0 187699 2337013 2674715 6966862 7325672 29957954 11223514 147645020 161104961 58213503 68970424 89431517 92134537 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. 0 0 6827096 1412380 3846068 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. 6827096 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 9 0 18 1 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X JEM DICIOCO 2135338900 801 SOUTH GRAND AVENUE 850 LOS ANGELES CA 90017 LEE KANON ALPERT DIRECTOR 1.70 0.30 X 0 0 0 CINDY MISCIKOWSKI DIRECTOR 1.70 0.30 X 0 0 0 RICHARD MAIRE DIRECTOR-CHAIRMAN 1.70 0.30 X X 0 0 0 DUTCH C ROSS III DIRECTOR 1.70 0.30 X 0 0 0 PATTIE EHSAEI DIRECTOR-SECRETARY 1.70 0.30 X X 0 0 0 MARCIA CHOO DIRECTOR 1.70 0.30 X 0 0 0 PAUL CHEN DIRECTOR 1.70 0.30 X 0 0 0 STEPHEN ROLFE DIRECTOR 1.70 0.30 X 0 0 0 LARA REGUS DIRECTOR 1.70 0.30 X 0 0 0 ROBERT OEHLER DIRECTOR 1.70 0.30 X 0 0 0 THOMAS J DESIMONE PRESIDENT/CEO 33.70 6.30 X 624062 105140 0 JEMELLE DICIOCO TREASURER, DIRECTOR OF FIN 33.70 6.30 X 203114 34221 0 JESSICA WAYBRIGHT LEGAL COUNSEL 33.70 6.30 X 237375 39993 0 PAVLIN BUCHUKOV DIRECTOR OF LENDING 33.70 6.30 X 164171 27659 0 ANTHONY SANTANA DIRECTOR OF LENDING 33.70 6.30 X 135948 22904 0 1364670 229917 0 5 0 1 0 NIXON PEABODY LLP PO BOX 28012 NEW YORK NY 10087 LEGAL SERVICES 300150 1 1427612 5617742 7045354 SUBALLOCATION FEE INCOME 522292 1396602 1396602 MANAGEMENT FEE INCOME 522292 1215901 1215901 EXIT FEE 522292 499500 499500 LOAN FEE INCOME 522292 298080 298080 ADMIN SERVICES INCOME 522292 267876 267876 168109 168109 3846068 7657764 7657764 18549186 3846068 0 7657764 1412380 1412380 2805407 2561334 81854 162219 433170 395484 12639 25047 54271 54169 97 5 238874 238424 425 25 197458 197086 352 20 4443 3259 1182 2 283249 256542 26492 215 22833 16751 6073 9 1267419 1267419 46167 46167 169898 95803 74061 34 GENERAL & ADMIN 261867 192111 69651 105 TAXES & LICENSES 87290 49221 38051 18 CONTRIBUTIONS 40946 40946 7325672 6827096 310877 187699 18387721 19431222 49297588 37555094 1035826 2364305 77411595 100457387 101853 106620 381137 134301 239456 246836 1170981 943497 147645020 161104961 2959969 2235238 2700000 6565572 52553534 60169614 58213503 68970424 X 76687100 85578166 12744417 6556371 89431517 92134537 147645020 161104961 X 11223514 -8520494 X 0 1 X 1 1 1 X 16335778 15737093 5216682 3417100 5158753 45865406 3639255 5578075 6042504 8031409 7944369 31235612 19975033 21315168 11259186 11448509 13103122 77101018 3295000 8134360 1875000 2075000 15379360 1357889 2213540 2444571 6016000 3295000 8134360 1357889 4088540 4519571 21395360 55705658 291109 74879 1437780 2776762 2267585 6848115 291109 74879 1437780 2776762 2267585 6848115 20266142 21390047 12696966 14225271 15370707 83949133 0.66360 0.69130 0.08160 0.06180 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8500 3719 4781 13323 6152 7171 359314 124430 234884 246836 17124775 0 17124775 1424411 1424411 18549186 14421755 7947475 7947475 6474280 851392 851392 7325672 PART XI, LINE 4B - OTHER ADJUSTMENTS: LOAN FEE INCOME - BOOK/TAX DIFFERENCES 13,011. FLOW THROUGH INCOME FROM INVESTMENTS - BOOK/TAX DIFFERENCES 1,380,205. FLOW THROUGH INTEREST INCOME FROM INVESTMENTS - BOOK/TAX DIFFERENCES 31,195. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOAN RESERVE EXPENSE - BOOK/TAX DIFFERENCES 7,948,598. DEPRECIATION EXPENSE - BOOK/TAX DIFFERENCES -1,123. PART XII, LINE 4B - OTHER ADJUSTMENTS: FLOW THROUGH LOSS FROM INVESTMENTS - BOOK/TAX DIFFERENCES 851,392. 1 COMMUNITY COALITION 8101 S VERMONT LOS ANGELES CA 90044 954298811 501(C)(3) 175000 0 SMALL BUSINESS GRANT LITTLE TOKYO SERVICE CENTER 231 E 3RD ST G106 LOS ANGELES CA 90013 953451280 501(C)(3) 250741 0 SMALL BUSINESS GRANT PACOIMA BEAUTIFUL 13520 VAN NUYS BOULEVARD SUITE 200 PACOIMA CA 91331 954770745 501(C)(3) 175000 0 SMALL BUSINESS GRANT LIFE CONNOISSEURS 6080 CENTER DRIVE SUITE 600 LOS ANGELES CA 90045 883603018 501(C)(3) 75000 0 SMALL BUSINESS GRANT AERO BUILD 209 S MARKET ST INGLEWOOD CA 90301 931679882 501(C)(3) 150000 0 SMALL BUSINESS GRANT SOCIAL JUSTICE LEARNING INSTITUTE INC 600 CENTINELA AVE INGLEWOOD CA 90302 243413373 501(C)(3) 50000 0 SMALL BUSINESS GRANT TRUST SOUTH LA 4331 S MAIN ST LOS ANGELES CA 90037 421687057 501(C)(3) 12317 0 SMALL BUSINESS GRANT MASBUILD 221 E WALNUT STREET SUITE 234 PASADENA CA 91101 030451576 501(C)(3) 75000 0 SMALL BUSINESS GRANT RJS OPPORTUNITIES INC 4338 ENORO DRIVE VIEW PARK LOS ANGELES CA 90008 800414987 501(C)(3) 100000 0 SMALL BUSINESS GRANT CENTER OF HOPE COMMUNITY DEVELOPMENT CORPORATION 9550 CRENSHAW BLVD INGLEWOOD CA 90305 853251000 501(C)(3) 75000 0 SMALL BUSINESS GRANT UNITED CAMBODIAN COMMUNITY 2201 E ANAHEIM ST SUITE 200 LONG BEACH CA 90804 953442295 501(C)(3) 100000 0 SMALL BUSINESS GRANT BOOCLT 8340 ELK GROVE FLORIN RD APT 319 SACRAMENTO CA 95829 822764286 501(C)(3) 100000 0 SMALL BUSINESS GRANT OFFICE OF OFFICE CORP 3360 N SAN FERNANDO RD 1024 LOS ANGELES CA 90065 872460470 501(C)(3) 12000 0 SMALL BUSINESS GRANT X X X 0 0 0 0 0 0 0 0 0 THOMAS J DESIMONE PRESIDENT/CEO 345066 58136 278996 47004 0 0 0 0 0 0 624062 105140 0 0 JESSICA WAYBRIGHT LEGAL COUNSEL 183887 30981 53488 9012 0 0 0 0 0 0 237375 39993 0 0 JEMELLE DICIOCO TREASURER, DIRECTOR OF FIN 145347 24488 57767 9733 0 0 0 0 0 0 203114 34221 0 0 PAVLIN BUCHUKOV DIRECTOR OF LENDING 164171 27659 0 0 0 0 0 0 0 0 164171 27659 0 0 ANTHONY SANTANA DIRECTOR OF LENDING 110273 18579 25675 4325 0 0 0 0 0 0 135948 22904 0 0 PART I, LINE 3 THE ORGANIZATION UTILIZED THE REBUTTABLE PRESUMPTION PROCEDURES DESCRIBED IN REG. SEC. 53.4958-6. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 PRESENTED TO THE AUDIT COMMITTEE OF THE ORGANIZATION FOR REVIEW, COMMENT AND APPROVAL. FORM 990 THEN PRESENTED TO THE FULL BOARD OF DIRECTORS FOR REVIEW AND COMMENT PRIOR TO FILING THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C POTENTIAL CONFLICTS OF INTEREST ARE DISCUSSED DURING EACH BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION ENGAGED A THIRD PARTY TO CONDUCT A MARKET STUDY FOR COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST. FORM 990, PART XI, LINE 9: LOAN FEE INCOME - BOOK/TAX DIFFERENCES -13,011. FLOW THROUGH LOSS FROM INVESTMENTS - BOOK/TAX DIFFERENCES 851,392. DEPRECIATION EXPENSE - BOOK/TAX DIFFERENCES 1,123. LOAN RESERVE EXPENSE - BOOK/TAX DIFFERENCES -7,948,598. FLOW THROUGH INCOME FROM INVESTMENTS - BOOK/TAX DIFFERENCES -1,380,205. FLOW THROUGH INTEREST INCOME FROM INVESTMENTS - BOOK/TAX DIFFERENCES -31,195. 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