2026-04-04T14:08:03-05:00 2025-06-30 953001179 WINDES INC 2050 MAIN ST STE 1300 IRVINE CA 92614 990 2024-07-01 952546360 ECONOMIC RESOURCES CORPORATION ECON 3105374610 2600 INDUSTRY WAY LYNWOOD CA 90262 SAMUEL HUGHES PRESIDENT & CEO 3105374610 2026-04-02 1 1 ELEANOR A LIVINGSTON CPA MST P00226461 9498529433 2026-04-02 2024 2025-03-06 01:10:19Z SAMUEL HUGHES 2600 INDUSTRY WAY LYNWOOD CA 90262 15155420 0 X WWW.ECONOMICRESOURCES.ORG X 1968 CA TO PROMOTE ECONOMIC GROWTH AND INCREASED JOB OPPORTUNITY IN UNDER-SERVED COMMUNITIES BY SUPPORTING BUSINESS DEVELOPMENT, INVESTING IN COMMERCIAL AND INDUSTRIAL REAL ESTATE AND PROVIDING EMPLOYMENT OPPORTUNITIES. 10 9 7 9 0 0 121910 1788415 4711366 5098005 587349 523920 131351 88656 5551976 7498996 0 30450 0 0 1250219 1292671 0 0 0 1505764 1707974 2755983 3031095 2795993 4467901 27123071 32578274 1565561 2292829 25557510 30285445 X TO PROMOTE ECONOMIC GROWTH AND INCREASED JOB OPPORTUNITY IN UNDER-SERVED COMMUNITIES BY SUPPORTING BUSINESS DEVELOPMENT, INVESTING IN COMMERCIAL AND INDUSTRIAL REAL ESTATE AND PROVIDING EMPLOYMENT OPPORTUNITIES. 0 0 2504690 30450 5115318 SEE SCHEDULE O 2504690 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 36 0 1 7 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 9 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X NANCY IKEGAMI 3105374610 2600 INDUSTRY WAY LYNWOOD CA 90262 SAMUEL HUGHES PRESIDENT/CEO 38.00 X X 384963 0 32249 MICHAEL NAGIN DIRECTOR 1.00 X 0 0 0 TRACEY MITCHEL-LAI DIRECTOR 1.00 X 0 0 0 ANDREA COHEN JACKSON DIRECTOR 1.00 X 0 0 0 HOONIE KANG DIRECTOR 1.00 X 0 0 0 TORI FISK DIRECTOR 1.00 X 0 0 0 CAREY JENKINS DIRECTOR 1.00 X 0 0 0 JIDE ALADE DIRECTOR 1.00 X 0 0 0 CHARLES MCLURKIN DIRECTOR 1.00 X 0 0 0 CHRISTINE VILLEGAS DIRECTOR 1.00 X 0 0 0 NANCY H IKEGAMI VP OF FINANCE 38.00 X 177682 0 18607 ALBERT CARROL INVESTMENT MANAGER 38.00 X 173296 0 18607 735941 0 69463 3 0 1 0 CABD CONSTRUCTION 8526 SAN FERNANDO RD SUN VALLEY CA 91352 CONSTRUCTION 3055383 OMNIA PACIFIC CONSTRUCTION 21811 S WESTERN AVE TORRANCE CA 90501 CONSTRUCTION 1045376 PREFERRED MODULAR STRUCTURES INC 3235 BELGIAN DR NORCO CA 92860 CONSTRUCTION 560502 CENTRAL ROOFING 727 AIRPORT BLVD SOUTH SAN FRANCISCO CA 94080 ROOFING 215500 GLOBAL NETWORK SECURITY 938 5TH AVE LOS ANGELES CA 90019 SECURITY SERVICES 160668 6 1673415 115000 1788415 BUSINESS PARK LEASE 531120 5078334 5078334 BUSINESS PARK ADMIN 531120 19671 19671 5098005 512970 512970 7667374 7656424 10950 10950 10950 PROPERTY TAX REFUNDS 900099 65493 65493 LOCAL INITIATIVE SUPPORT CORP 900099 17313 17313 5850 5850 88656 7498996 5115318 0 595263 15450 15450 15000 15000 582577 382313 200264 501111 456993 44118 134024 110248 23776 6289 5412 877 68670 53576 15094 9003 886 8117 44424 44424 39271 553 38718 102467 64335 38132 779810 779810 462922 430585 32337 111739 106593 5146 REPAIRS AND MAINTENANCE 82936 82936 75402 75402 3031095 2504690 526405 0 149547 117382 5567377 5223533 142820 268999 262142 319047 27777636 9233888 12995945 18543748 7496557 7658949 447183 377183 28773 28773 32727 40660 27123071 32578274 338077 913154 798446 400385 429038 979290 1565561 2292829 X 25557510 30285445 25557510 30285445 27123071 32578274 4467901 260034 0 X 0 1 X 1 1 1 X 200877 3415567 41977 121910 1788415 5568746 200877 3415567 41977 121910 1788415 5568746 5568746 81768 60349 230774 577315 512970 1463176 285559 144146 3975 131351 88656 653687 7685609 21931746 0.72460 0.66540 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: LENDISTRY - 2020 AMOUNT: $ 270,000. 2021 AMOUNT: $ 135,000. LISC - 2021 AMOUNT: $ 2,325. 2022 AMOUNT: $ 3,975. 2023 AMOUNT: $ 5,813. 2024 AMOUNT: $ 17,313. OTHER INCOME - 2020 AMOUNT: $ 6,661. 2024 AMOUNT: $ 5,850. INTEREST INCOME - RLF - 2020 AMOUNT: $ 8,898. 2021 AMOUNT: $ 6,821. WELFARE TAX EXPENSE REFUND - 2023 AMOUNT: $ 125,538. 2024 AMOUNT: $ 65,493. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4057499 4057499 23455827 9034445 14421382 242496 179447 63049 21814 19996 1818 18543748 DEFERRED COMPENSATION 574044 SECURITY DEPOSITS 405246 979290 X PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER THE INTERNAL REVENUE CODE SECTION 501 (C)(3) AND SECTION 23701 (D) OF THE CALIFORNIA REVENUE AND TAXATION CODE. INCOME TAXES ON LIMITED LIABILITY COMPANY (LLC) INCOME ARE LEVIED ON THE MEMBERS IN THEIR INDIVIDUAL CAPACITY. ACCORDINGLY, ALL PROFITS AND LOSSES OF THE SUBSIDIARY LLCS ARE RECOGNIZED BY THE MEMBER ON ITS RESPECTIVE TAX RETURN. THE PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS IN ACCORDANCE WITH U.S. GAAP REQUIRES THE ORGANIZATION TO REPORT INFORMATION REGARDING ITS EXPOSURE TO VARIOUS TAX POSITIONS TAKEN BY THE ORGANIZATION. THE ORGANIZATION HAS DETERMINED WHETHER ANY TAX POSITIONS HAVE MET THE RECOGNITION THRESHOLD AND HAS MEASURED THE ORGANIZATION'S EXPOSURE TO THOSE TAX POSITIONS. MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES. THE INTERNAL REVENUE SERVICE HAS DETERMINED AND STATED IN A DETERMINATION LETTER THAT SPECIFIC SUBSIDIARIES OF THE ORGANIZATION ARE EXEMPT FROM INCOME TAX UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT DOES NOT BELIEVE THAT ANY OF THE SUBSIDIARIES OPERATIONS SUBJECTS THE ORGANIZATION TO UNRELATED BUSINESS INCOME TAX. FEDERAL AND STATE TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE AND AUDIT THE PREVIOUS THREE TO FOUR OF TAX RETURNS FILED, RESPECTIVELY. ANY INTEREST OR PENALTIES ASSESSED TO THE ORGANIZATION ARE RECORDED IN OPERATING EXPENSES. NO INTEREST OR PENALTIES FROM FEDERAL OR STATE TAX AUTHORITIES WERE RECORDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. 1 LOS ANGELES MISSION COLLEGE FOUNDATION 13356 ELDRIDGE AVENUE SYLMAR CA 91342 952925621 501(C)(3) 10000 0 STUDENT SCHOLARSHIPS 1 STUDENT SCHOLARSHIPS 20 15000 PART I, LINE 2: THE GRANTS TO LOS ANGELES MISSION COLLEGE FOUNDATION WERE GIVEN TO THE COMMUNITY COLLEGE TO ADMINISTER, WITH A LETTER SPECIFYING THAT SCHOLARSHIP FUNDS MUST BE USED EXCLUSIVELY FOR STUDENTS, ETC. FOR STUDENT SCHOLARSHIPS FOR OUR LOCAL HIGH SCHOOLS, THE RECIPIENTS WERE CHOSEN BY THE BOARD'S SCHOLARSHIP COMMITTEE, AND GRANT FUNDS WERE ADMINISTERED BY THE COMPTON EDUCATION FOUNDATION. X 0 1 0 0 0 1 1 0 0 SAMUEL HUGHES PRESIDENT/CEO 352643 0 25000 0 7320 0 30622 0 1627 0 417212 0 0 0 NANCY H IKEGAMI VP OF FINANCE 170362 0 0 0 7320 0 16980 0 1627 0 196289 0 0 0 ALBERT CARROL INVESTMENT MANAGER 165976 0 0 0 7320 0 16980 0 1627 0 191903 0 0 0 PART I, LINE 4B SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN: SAM HUGHES - $20,000 NANCY IKEGAMI - $10,000 ALBERT CARROL - $10,000 PART I, LINE 6 BONUSES ARE BASED ON VARIOUS PERFORMANCE FACTORS: BUSINESS PLAN/MISSION OBJECTIVES, RETENTION, OCCUPANCY AND OPERATING INCOME COMPARED TO BUDGET. FORM 990, PART III, LINE 4A ERC HAS DEDICATED ITSELF TO PROVIDING LOCAL SMALL BUSINESSES WITH PROFESSIONAL TECHNICAL ASSISTANCE IN ORDER TO ENHANCE OPPORTUNITIES FOR GROWTH AND SUCCESS. ERC WORKS TO ACCOMPLISH THIS GOAL BY HELPING SMALL COMPANIES, MANY OF THEM TENANTS IN THE COMPLEX, IMPROVE THEIR OPERATIONS EITHER DIRECTLY OR THROUGH REFERRALS IN THE AREAS OF BUSINESS STRATEGY, FINANCIAL MANAGEMENT AND OPERATIONAL MANAGEMENT. IN ADDITION TO ASSISTING TENANTS OF THE COMPLEX, AS WELL AS OTHERS, ERC HELPS COMMUNITIES DEVISE STRATEGIES TO REMOVE BLIGHT, INCREASE JOB OPPORTUNITIES AND IMPROVE THE LOCAL INFRASTRUCTURE. ERC DOES THIS BY WORKING WITH COMMUNITY GROUPS AND CONCERNED INDIVIDUALS TO HELP THEM BUILD CAPACITY TO POSITIVELY AFFECT THEIR LOCAL NEIGHBORHOODS AND IMPROVE THE QUALITY OF LIFE, WITH A FOCUS ON ECONOMIC OPPORTUNITY. ERC ALSO WORKS WITH LOCAL MUNICIPALITIES AND NON-PROFITS TO ASSIST THEM IN CARRYING OUT THEIR INDIVIDUAL ECONOMIC DEVELOPMENT INITIATIVES. ERC ASSISTS THESE EFFORTS THROUGH PLANNING STUDIES, FOCUS GROUPS, LAND USE STUDIES AND CONSULTING. IN ORDER TO MAKE LASTING CHANGE TO DISTRESSED COMMUNITIES, AS WELL AS THE AREA SURROUNDING THE COMPLEX, THE ECONOMY MUST BE STRENGTHENED. TO DO THIS, ERC IS ACTIVELY INVOLVED IN THE RECRUITMENT AND RETENTION OF BUSINESSES TO UNDERSERVED COMMUNITIES BY INITIATIVES IN REAL ESTATE DEVELOPMENT, ASSISTING IN THE IDENTIFICATION AND RETROFITTING OF FACILITIES FOR NEW AND GROWING COMPANIES AND INTRODUCING LOCAL EMPLOYERS TO THE ECONOMIC INCENTIVE PROGRAMS THAT ARE AVAILABLE TO THEM. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD'S AUDIT & TAX COMMITTEE THOROUGHLY REVIEWS AND APPROVES THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C POLICY IS PROVIDED TO EACH BOARD OF DIRECTORS AFTER A NEW DIRECTOR IS APPOINTED AND IS REQUESTED THAT HE OR SHE REPORT ANY REAL OR POTENTIAL CONFLICTS OF INTEREST TO THE CORPORATION'S LEGAL COUNSEL. THE POLICY IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE PRESIDENT IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. THE PRESIDENT REVIEWS THE SALARIES OF THE OTHER KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, THE CORPORATION'S CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST AT THE CORPORATION'S PLACE OF BUSINESS. 3001 WEST VERNON LLC 3001 W VERNON AVE LOS ANGELES CA 90062 473839269 RENTAL CA 171146 1126577 ECONOMIC RESOURCES CORPORATION 2299 PACIFIC AVE LLC 2299 PACIFIC AVE LOS ANGELES CA 90062 813847712 RENTAL CA 1673437 6732032 ECONOMIC RESOURCES CORPORATION ERC LOAN FUND LLC 2600 INDUSTRY WAY LYNWOOD CA 90262 952546360 RENTAL CA ECONOMIC RESOURCES CORPORATION ERC CAPITAL FUND LLC 2600 INDUSTRY WAY LYNWOOD CA 90262 952546360 RENTAL CA ECONOMIC RESOURCES CORPORATION 2555 INDUSTRY WAY LLC 2600 INDUSTRY WAY LYNWOOD CA 90262 871048741 RENTAL DE 443948 1170759 ECONOMIC RESOURCES CORPORATION 2575 INDUSTRY WAY LLC 2600 INDUSTRY WAY LYNWOOD CA 90262 871068071 RENTAL DE 344007 1048510 ECONOMIC RESOURCES CORPORATION 2590-2610 INDUSTRY WAY LLC 2600 INDUSTRY WAY LYNWOOD CA 90262 871084702 RENTAL DE 498746 1364202 ECONOMIC RESOURCES CORPORATION 2620-2640 INDUSTRY WAY LLC 2600 INDUSTRY WAY LYNWOOD CA 90262 871119521 RENTAL DE 623984 1442944 ECONOMIC RESOURCES CORPORATION 2643-2645 INDUSTRY WAY LLC 2600 INDUSTRY WAY LYNWOOD CA 90262 871137054 RENTAL DE 407744 1114504 ECONOMIC RESOURCES CORPORATION 3201-3221 ALAMEDA ST LLC 2600 INDUSTRY WAY LYNWOOD CA 90262 871159421 RENTAL DE 1042660 2607815 ECONOMIC RESOURCES CORPORATION 11705 YAMAMOTO PL LLC 2600 INDUSTRY WAY LYNWOOD CA 90262 871185456 RENTAL DE 848971 1825284 ECONOMIC RESOURCES CORPORATION 11861-11865 S ALAMEDA ST LLC 2600 INDUSTRY WAY LYNWOOD CA 90262 871213579 RENTAL DE 816085 1984957 ECONOMIC RESOURCES CORPORATION 804-806 S LONG BEACH BLVD LLC 2600 INDUSTRY WAY LYNWOOD CA 90221 872565785 RENTAL CA 5026790 ECONOMIC RESOURCES CORPORATION 4277 SOUTH WESTERN LLC 4277 S WESTERN AVE LOS ANGELES CA 90062 800583692 RENTAL CA 501(C)(3) 509 (A)(2) ECONOMIC RESOURCES CORPORATION 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0