Nonprofit · EIN 87-2466788
GREATER LEIMERT PARK VILLAGE & CRENSHAW CORRIDOR BID INC
Tax-exempt (reinstated) · LOS ANGELES, CA 90008
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $344,318 | $338,417 | $5,901 | $307,698 | $0 | $307,698 |
| December 31, 2023 | 990 | $437,333 | $354,729 | $82,604 | $210,778 | $0 | $210,778 |
| December 31, 2022 | 990 | $202,897 | $74,724 | $128,173 | $128,174 | $0 | $128,174 |
| December 31, 2021 | 990-EZ | $0 | – | – | $0 | – | $0 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $339,085
- Membership dues
- $325,084
- Program service revenue
- $0
- Investment income
- $5,233
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $55,000
- Salaries, compensation and benefits (total)
- $55,000
- Professional fundraising fees
- $0
- Accounting fees
- $19,198
- Program services (functional)
- $248,299
- Management and general (functional)
- $35,118
Balance sheet and other
- Total assets, start of year
- $301,797
- Total assets, end of year
- $307,698
- Total liabilities, end of year
- $0
- Net assets, end of year
- $307,698
- Net assets without donor restrictions
- $307,698
- Gross receipts
- $344,318
- Employees
- 0
- Year formed
- 2021
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MISTY IWATSU | Executive Dir. Trustee or director | 30 | $55,000 |
| ASHLEY CALLOWAY | BOARD MEMBER Trustee or director | 0.5 | $0 |
| BELINDA WILLIAMS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| ROSEMARY DANON | BOARD MEMBER Trustee or director | 0.5 | $0 |
| Banch Abegaze | CEO Officer | 1 | $0 |
| Tony Jolly | CFO Officer | 0.5 | $0 |
| Ben Caldwell | VICE CHAIR Officer | 0.5 | $0 |
| HAKEEN PARKE-DAVIS | Secretary Officer | 0.5 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MISTY IWATSU | Executive Dir. Trustee or director | 30 | $60,000 |
| ASHLEY CALLOWAY | BOARD MEMBER Trustee or director | 0.5 | $0 |
| BELINDA WILLIAMS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| ROSEMARY DANON | BOARD MEMBER Trustee or director | 0.5 | $0 |
| Banch Abegaze | CEO Officer | 1 | $0 |
| Tony Jolly | CFO Officer | 0.5 | $0 |
| Ben Caldwell | VICE CHAIR Officer | 0.5 | $0 |
| HAKEEN PARKE-DAVIS | Secretary Officer | 0.5 | $0 |
990 for the year ended December 31, 2022: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MISTY IWATSU | Executive Dir. Trustee or director | 30 | $25,000 |
| ASHLEY CALLOWAY | BOARD MEMBER Trustee or director | 0.5 | $0 |
| BELINDA WILLIAMS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| ROSEMARY DANON | BOARD MEMBER Trustee or director | 0.5 | $0 |
| Banch Abegaze | CEO Officer | 1 | $0 |
| Tony Jolly | CFO Officer | 0.5 | $0 |
| Ben Caldwell | VICE CHAIR Officer | 0.5 | $0 |
| HAKEEN PARKE-DAVIS | Secretary Officer | 0.5 | $0 |
990-EZ for the year ended December 31, 2021: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Banch Abegaze | CEO | 1 | $0 |
| Tony Jolly | CFO | 0.5 | $0 |
| Ben Caldwell | VICE CHAIR | 0.5 | $0 |
| HAKEEN PARKE-DAVIS | Secretary | 0.5 | $0 |
| ASHLEY CALLOWAY | BOARD MEMBER | 0.5 | $0 |
| BELINDA WILLIAMS | BOARD MEMBER | 0.5 | $0 |
| ROSEMARY DANON | BOARD MEMBER | 0.5 | $0 |
| MISTY IWATSU | Executive Dir. | 30 | $0 |
Address and contacts
- Address (IRS master file)
- 4311 LEIMERT BLVD, LOS ANGELES, CA 90008-5201
- In care of
- % BANCH ABEGAZE
- Principal officer (990 for 2024)
- MISTY IWATSU, 4311 LEIMERT BLVD, LOS ANGELES, CA 90008
- Signed the 990
- MISTY IWATSU, Executive Dir.
- Phone
- (310) 237-2924
- Return prepared by
- EXACT TAX INC
California records
California keeps its own records of charities and corporations. Search them by EIN 87-2466788 or by the name GREATER LEIMERT PARK VILLAGE & CRENSHAW CORRIDOR BID INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
THE SPECIFIC PURPOSE OF THIS NONPROFIT ORGANIZATION IS TO HELP REVITALIZE THE NEIGHBORHOOD BY PROVIDING CLEAN AND SAFE TEAMS AS WELL AS HELPS THE SMALL BUSINESSES THROUGH MARKETING AND EVENTS.
Program accomplishments
- Clean & Safe Program:Clean Program - In order to consistently deal with cleaning issues, a District Cleaning Program will continue the work that is has for the past be eleven years. The Clean Team program budget for each zone can be found in the chart on page 23. Basic cleaning services, such as trash pickup and removal from the district, landscape service, equipment expense and administration are delivered. The clean team will only provide service to assessed parcels within the District boundaries. Safe Program- Safe program elements would include community ambassador services designed to help create a welcoming environment throughout the district. There is also the possibility for hotspot placement of security cameras. The four primary roles for the community ambassadors will be to ENGAGE, INFORM, REPORT, AND DOCUMENT.Expenses $259,672
- Marketing Program - It is important to not only provide the services needed in the District, but to tell the story of improvement in the District. The web site will contain a section that lists each business within the District. The special benefit to District parcels from the web site is an increased awareness of the businesses within the district and their individual offerings which attracts new customers to the District businesses and provides an increase in commercial activity which directly relates to increases in lease rates and enhanced commerce. The quarterly newsletter provides a special benefit to District assessed parcels by an increasing the awareness of the success of District programs, providing updates on District issues such as crime statistics and communicating the continued improvement in the economic environment of the District to each of the individually assessed District parcels The special benefit from the communication and media relation programs is an increase in lease rates, tenant occupancy, and commercial activity.Expenses $23,627
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 87-2466788
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2024
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S40)
- Assets (IRS master file)
- $307,698
- Income (IRS master file)
- $344,318
Revocation and reinstatement
- Exemption revoked
- May 15, 2024
- Posted by the IRS
- August 12, 2024
- Reinstated
- Effective May 15, 2024
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $344,318 | $338,417 | $307,698 | IRS |
| 990 | December 2023 | $437,333 | $354,729 | $210,778 | XML |
| 990 | December 2022 | $202,897 | $74,724 | $128,174 | XML |
| 990-EZ | December 2021 | $0 | $0 | $0 | XML |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 87-2466788).
Questions about GREATER LEIMERT PARK VILLAGE & CRENSHAW CORRIDOR BID INC
- What is the EIN of GREATER LEIMERT PARK VILLAGE & CRENSHAW CORRIDOR BID INC?
- The employer identification number (EIN) of GREATER LEIMERT PARK VILLAGE & CRENSHAW CORRIDOR BID INC is 87-2466788.
- Is GREATER LEIMERT PARK VILLAGE & CRENSHAW CORRIDOR BID INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2024 and reinstated it effective May 15, 2024.
- Are donations to GREATER LEIMERT PARK VILLAGE & CRENSHAW CORRIDOR BID INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does GREATER LEIMERT PARK VILLAGE & CRENSHAW CORRIDOR BID INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GREATER LEIMERT PARK VILLAGE & CRENSHAW CORRIDOR BID INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GREATER LEIMERT PARK VILLAGE & CRENSHAW CORRIDOR BID INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of GREATER LEIMERT PARK VILLAGE & CRENSHAW CORRIDOR BID INC?
- The 990 for the year ended December 31, 2024 names MISTY IWATSU.
- Who are the officers and directors of GREATER LEIMERT PARK VILLAGE & CRENSHAW CORRIDOR BID INC?
- The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $55,000 (MISTY IWATSU, Executive Dir.).
- How much revenue does GREATER LEIMERT PARK VILLAGE & CRENSHAW CORRIDOR BID INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $344,318, expenses of $338,417 and total assets of $307,698 at year end.
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