Nonprofit · EIN 87-2684534
RESTORELA-CDC
Tax-exempt · LOS ANGELES, CA 90016
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $317,776 | $293,633 | $24,143 | $34,546 | $4,288 | $30,258 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $334,403
- of which government grants
- $3,000
- Program service revenue
- $3,950
- Investment income
- $1,232
- Net income from sales of inventory
- -$21,809
- Other revenue
- -$21,809
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $200,469
- Salaries, compensation and benefits (total)
- $217,624
- Professional fundraising fees
- $2,764
- Accounting fees
- $7,280
- Occupancy
- $6,500
- Travel
- $4,222
- Program services (functional)
- $70,511
- Management and general (functional)
- $220,253
- Fundraising (functional)
- $2,869
Balance sheet and other
- Total assets, start of year
- $16,289
- Total assets, end of year
- $34,546
- Total liabilities, end of year
- $4,288
- Net assets, end of year
- $30,258
- Gross receipts
- $339,585
- Employees
- 7
- Volunteers
- 6
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Marcela Palos | Co-Founder Executive Director Trustee or director, Officer | 20 | $85,385 |
| Jose Palos | Co-Founder Chief of Staff Trustee or director, Officer | 20 | $85,385 |
| Maria Okon Chong | Secretary Trustee or director | 1 | $2,700 |
| Daniel Rodriguez | Chair Trustee or director | 1 | $0 |
| Denise Ovalle | Treasurer Trustee or director | 1 | $0 |
| Lynell Bevels | Board Member Trustee or director | 1 | $0 |
| Erika Carvajal | Board Member Trustee or director | 1 | $0 |
| Irma Garcia | Board Member Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 4409 W ADAMS BLVD, LOS ANGELES, CA 90016-3019
- In care of
- % MARCELA PALOS
- Signed the 990
- MARCELA PALOS, Executive Director
- Phone
- (213) 271-6452
- Website
- www.restorelacdc.org
- 990-N for 2023 filed under this EIN
- Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: Marcela Palos, 4409 W Adams Blvd, Los Angeles CA 90016. Mailing address: 4409 W Adams Blvd, Los Angeles CA 90016.
- Return prepared by
- EM Bookkeeping and Tax Service
California records
California keeps its own records of charities and corporations. Search them by EIN 87-2684534 or by the name RESTORELA-CDC.
- 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
To provide resources in affordable housing and small business support for lower- to moderate-income communities in the greater Los Angeles area, with a strong focus on serving the Spanish-speaking community.
Program accomplishments
- RestoreLA-CDC is rooted in the unwavering belieft that communities of color deserve equal access to economic opportunities and financial resourceExpenses $70,511
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 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | Check at the IRS |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 87-2684534
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P50)
- Assets (IRS master file)
- $34,546
- Income (IRS master file)
- $339,585
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $317,776 | $293,633 | $34,546 | XML |
| 990-N for 2023 Officer: Marcela Palos Filed under this EIN, most likely by a chapter or affiliate | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2021 Officer: Marcela Palos Filed under this EIN, most likely by a chapter or affiliate | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
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 87-2684534).
Questions about RESTORELA-CDC
- What is the EIN of RESTORELA-CDC?
- The employer identification number (EIN) of RESTORELA-CDC is 87-2684534.
- Is RESTORELA-CDC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to RESTORELA-CDC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RESTORELA-CDC 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 RESTORELA-CDC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RESTORELA-CDC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who are the officers and directors of RESTORELA-CDC?
- The 990 for the year ended December 31, 2025 lists 8 people; 3 received compensation from the organization, the highest $85,385 (Marcela Palos, Co-Founder Executive Director).
- How much revenue does RESTORELA-CDC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $317,776, expenses of $293,633 and total assets of $34,546 at year end.
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