NonprofitsEconomic Resources Corporation

Economic Resources Corporation

LYNWOOD, CA

Total revenue

$5.6M

Total expenses

$2.8M

Net assets

$25.6M

Grants received

$10K

1 grants

EIN

952546360

Tax year

2023

Mission

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.

Financials

FY 2023

Revenue

Contributions & grants$122K
Program service revenue$4.7M
Investment income$587K
Other revenue$131K
Total revenue$5.6M

Expenses

Grants paid
Salaries & benefits$1.3M
Fundraising
Other expenses$1.5M
Total expenses$2.8M
Total assets$27.1M
Net assets$25.6M

People

13 listed

NameRoleCompensation

SAMUEL HUGHES

PRESIDENT/CEO

Board

$326K

38 hrs/wk

NANCY H IKEGAMI

VP OF FINANCE

Board

$195K

38 hrs/wk

ANDREA COHEN JACKSON

DIRECTOR

Board

1 hrs/wk

HOONIE KANG

DIRECTOR

Board

1 hrs/wk

TORI FISK

DIRECTOR

Board

1 hrs/wk

CAREY JENKINS

DIRECTOR

Board

1 hrs/wk

JIDE ALADE

DIRECTOR

Board

1 hrs/wk

CHARLES MCLURKIN

DIRECTOR

Board

1 hrs/wk

CHRISTINE VILLEGAS

DIRECTOR

Board

1 hrs/wk

KYLE DAVIS

DIRECTOR (THRU 01/2024)

Board

1 hrs/wk

TRACEY MITCHEL-LAI

DIRECTOR

Board

1 hrs/wk

MICHAEL NAGIN

DIRECTOR

Board

1 hrs/wk

ALBERT CARROL

INVESTMENT MANAGER

Staff

$193K

38 hrs/wk

Independent contractors

PREFERRED MODULAR STRUCTURES INC

CONSTRUCTION

$774K

GLOBAL NETWORK SECURITY INC

SECURITY SERVICES

$163K

ALLIED PAVING CO

PAVING SERVICES

$158K

ENVIRON ARCHITECTURE INC

ARCHITECTURE

$125K

PRECISION MECHANICAL

COOLING/HEATING SERVICES

$122K

Grants received

Showing 1 of 1

FromAmountPurposeYear
$10K
GENERAL OPERATING
2022

Funded by

$10K from 1 funder · 1 grant · 2022

Mufg Union Bank Foundation Ag

$10K · 1 grant · 2022

Details

EIN952546360
Subsection03
Ruling date1969-07
Formed1968
Employees7
Volunteers10
ECONOMIC RESOURCES CORPORATION — Mission, Financials & Grants Received | Grantivo