2026-04-04T14:09:10-05:00 2025-06-30 953001179 WINDES INC 2050 MAIN ST STE 1300 IRVINE CA 92614 990 2024-07-01 800583692 4277 SOUTH WESTERN LLC 4277 3105374610 2600 INDUSTRY WAY LYNWOOD CA 90262 SAMUEL HUGHES PRESIDENT AND 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 135788 0 X N/A X 2010 CA ASSIST NONPROFITS TO PROVIDE QUALITY EARLY CHILDHOOD EDUCATION IN A LOW-INCOME COMMUNITY IN SOUTH LOS ANGELES BY LEASING ITS BUILDING TO A CHILDCARE OPERATOR AT A BELOW MARKET LEASE RATE. IT IS ENGAGING IN, ASSISTING, SUPPORTING, AND CONTRIBUTING TO THE SUPPORT OF CHARITABLE ACTIVITIES AND CHARITABLE PROJECTS IN THE PUBLIC INTEREST FOR A PUBLIC PURPOSE. 1 1 0 0 0 0 0 0 130208 135626 162 162 0 0 130370 135788 0 0 0 0 0 0 0 0 0 35299 34098 35299 34098 95071 101690 916701 933026 289972 274607 626729 658419 X THE SPECIFIC AND PRIMARY PURPOSE OF THE LLC IS TO HELP MAKE IT POSSIBLE TO PROVIDE QUALITY EARLY CHILDHOOD EDUCATION IN A LOW-INCOME COMMUNITY IN SOUTH LOS ANGELES. MOST GOVERNMENT SUPPORTED CHILD CARE PROGRAMS DO NOT ALLOW OPERATORS TO USE PROGRAM FEES FOR MORTGAGE PAYMENTS AND CONSEQUENTLY OPERATORS MUST FIND RENTAL SPACE THAT CAN BE MODIFIED AND LICENSED FOR HEAD START OR OTHER CHILD CARE PROGRAMS. ERC BELIEVES THAT BY USING ITS ASSETS TO ACQUIRE AND LEASE THE BUILDING TO THE CHILD CARE OPERATOR (AT A BELOW MARKET LEASE RATE), IT IS ENGAGING IN, ASSISTING, SUPPORTING, AND CONTRIBUTING TO THE SUPPORT OF CHARITABLE ACTIVITIES AND CHARITABLE PROJECTS IN THE PUBLIC INTEREST FOR A PUBLIC PURPOSE. ERC BELIEVES THAT BY PURCHASING PROPERTY TO BE USED BY CHILD CARE OPERATORS IT IS AMELIORATING CONDITIONS OF POVERTY, DEPENDENCY, CHRONIC UNEMPLOYMENT AND UNDEREMPLOYMENT, RISING COMMUNITY TENSIONS, AND SOCIAL AND ECONOMIC DISADVANTAGE IN SOUTHERN CALIFORNIA. 0 0 28614 135626 BELOW MARKET LEASING ACTIVITY TO HEAD START/OTHER CHILDCARE PROGRAMS TO ENABLE THEM TO PROVIDE ASSISTANCE AND HOUSING TO THE LOW-INCOME COMMUNITY. IN THIS FISCAL YEAR CHILDREN'S INSTITUTE INC. (CII), A NOT FOR PROFIT, WAS THE TENANT AT 4277 SOUTH WESTERN. THEY WERE FOUNDED IN 1906. THEY OFFER AN ARRAY OF SERVICES, TO CHILDREN AND FAMILIES HEALING FROM THE EFFECTS OF FAMILY AND COMMUNITY VIOLENCE WITHIN LOS ANGELES'S MOST CHALLENGED NEIGHBORHOODS, AND TO AT-RISK YOUTH IN LOS ANGELES WHO ARE AFFECTED BY CHILD ABUSE, NEGLECT, DOMESTIC AND GANG VIOLENCE AS WELL AS POVERTY, CII IS A MULTI-SERVICE ORGANIZATION THAT COMBINES EVIDENCE-BASED CLINICAL SERVICES, YOUTH DEVELOPMENT PROGRAMS AND FAMILY SUPPORT SERVICES DESIGNED TO ADDRESS THE WHOLE CHILD AND ENTIRE FAMILY. THE ORGANIZATION PROVIDES VARIOUS FORMS OF TRAUMA SUPPORT - INCLUDING THERAPY, INTERVENTION SERVICES, PARENTING WORKSHOPS, EARLY CHILDCARE PROGRAMS AND OTHER SUPPORT SERVICES OFFERED IN ENGLISH, SPANISH, AND KOREAN. SPECIFICALLY, AT 4277 SOUTH WESTERN, CHILDREN'S INSTITUTE INC. (CII) OFFERS COMPREHENSIVE EARLY CARE AND EDUCATION PROGRAMS (ECE) FOR PREGNANT WOMEN, CHILDREN FROM SIX WEEKS TO FIVE YEARS OF AGE, AND THEIR FAMILIES. THEY SERVE LOW-INCOME AT-RISK FAMILIES. THE PROGRAMS PROMOTE THE OPTIMAL DEVELOPMENT OF CHILDREN AND BUILD AND/OR STRENGTHEN EFFECTIVE PARENTING SKILLS. 28614 1 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 CA X NANCY IKEGAMI 3105374610 2600 INDUSTRY WAY LYNWOOD CA 90202 X ECONOMIC RESOURCES CORPORATION SOLE MEMBER 1.00 X X 0 0 0 0 0 0 0 0 0 0 0 BELOW MARKET LEASE 531120 135626 135626 135626 162 162 135788 135626 0 162 5151 5151 1333 1000 333 10166 10166 17448 17448 34098 28614 5484 0 26375 46835 49273 62513 2710 0 0 2783 1063951 243056 838343 820895 916701 933026 1777 31938 7280 7280 240908 187449 40007 47940 289972 274607 X 626729 658419 626729 658419 916701 933026 X 101690 -70000 X 0 1 X 1 0 X X 1 ECONOMIC RESOURCES CORPORATION 952546360 7 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 369310 369310 694641 243056 451585 820895 DUE TO RELATED PARTY 40660 SECURITY DEPOSITS 7280 47940 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 YEARS 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. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION IS A SINGLE MEMBER LLC AND IS GOVERNED BY THE SINGLE MEMBER. THERE ARE NO COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B THE SINGLE MEMBER REVIEWS THE RETURNS PRIOR TO FILING THEM. FORM 990, PART VI, SECTION C, LINE 19 TAX RETURNS AND OTHER FORMS ARE AVAILABLE BY REQUEST TO THE ORGANIZATION. FORM 990, PART XI, LINE 9: CAPITAL DISTRIBUTION -70,000. ECONOMIC RESOURCES CORPORATION 2600 INDUSTRY WAY LYNWOOD CA 90262 952546360 LOW-INCOME RENTAL; ECONOMIC DEVELOPMENT CA 501(C)(3) LINE 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0