Program areas at Genesis LA
The organization assisted in combating community deterioration by implementing, supporting or contributing to the support of programs, projects and activities of public nature designed to stimulate, foster, coordinate, plan, improve and encourage Economic development thereby ameliorating conditions of poverty, dependency, chronic unemployment and under-employment, rising community tensions, and social and Economic disparity in areas of poverty and areas impacted by natural and unnatural disasters.
Grants made by Genesis LA
Who funds Genesis LA
Grants from foundations and other nonprofits
| Grantmaker | Grantmaker tax period | Description | Amount |
|---|
| United Way of Greater Los Angeles | 2022-06 | Housing | $7,930,000 |
| Chan Zuckerberg Initiative Foundation | 2022-12 | Connecting Capital & Community (3C) Initiative | $500,000 |
| The California Endowment | 2022-03 | Calcore - Building Capacity for Community Health and Ownership: To Expand Organizational Capacity of Black, Indigenous and People of Color-Led Community Development Corporations and Community Land Trusts in California Working To Improve the Health, Wealth and Power of Black, Indigenous and People of Color Families and Communities. | $300,000 |
| ...and 8 more grants received |
Personnel at Genesis LA
| Name | Title | Compensation | Date of data |
|---|
| Thomas de Simone | President and Chief Executive Officer | | 2021-08-25 |
| Tom de Simone | President | | 2023-08-14 |
| Jessica Waybright | General Counsel | $154,091 | 2023-01-20 |
| Jemelle Dicioco | Treasurer , Director of Lending | $126,921 | 2022-12-31 |
| Robert Oehler | Board Member | $0 | 2023-01-20 |
| ...and 4 more key personnel |
Financials for Genesis LA
| Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
|---|
| Total grants, contributions, etc. | $24,237,093 | $16,335,778 | 48.4% |
| Program services | $2,834,208 | $1,585,930 | 78.7% |
| Investment income and dividends | $2,818,746 | $2,302,788 | 22.4% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $24,100 | -100% |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $29,890,047 | $20,248,596 | 47.6% |
Organizations like Genesis LA
| Organization | Type | Location | Revenue |
|---|
| Calvert Impact Capital (CIC) | 501(c)(3) | Bethesda, MD | $30,134,256 |
| Opportunity Finance Network (OFN) | 501(c)(3) | Philadelphia, PA | $76,048,439 |
| LiftFund | 501(c)(3) | San Antonio, TX | $51,818,585 |
| Initiative Foundation | 501(c)(3) | Little Falls, MN | $18,836,412 |
| Carter Street Corporation | 501(c)(3) | Chattanooga, TN | $10,617,267 |
| East Baltimore Development (EBDI) | 501(c)(3) | Baltimore, MD | $30,262,944 |
| Investsc | 501(c)(3) | Columbia, SC | $11,486,593 |
| Altoona-Blair County Development Corporation (ABCD) | 501(c)(3) | Altoona, PA | $33,416,279 |
| Brooklyn Navy Yard Development Corporation (BNYDC) | 501(c)(3) | Brooklyn, NY | $82,249,010 |
| 43north BPC | 501(c)(3) | Buffalo, NY | $8,181,242 |
Data update history
October 3, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 16, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Business and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
Receives government fundingTax deductible donations
General information
- Address
- 801 S Grand Ave 775
- Los Angeles, CA 90017
- Metro area
- Los Angeles-Long Beach-Anaheim, CA
- Website URL
- genesisla.org/Â
- Phone
- (213) 533-8900
- Facebook page
- genesislaCDFIÂ
- Twitter profile
- @genesisla_cdfiÂ
IRS details
- EIN
- 95-4712513
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1998
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S31: Urban, Community Economic Development
- NAICS code, primary
- 522120: Savings Institutions
- Parent/child status
- Independent
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