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EIN 95-3139419

Valley Economic Development Center (VEDC)

IRS 501(c) type
501(c)(3)
Num. employees
33
City
Encino
State
California
Year formed
1976
Most recent tax filings
2020-06-01
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
Notice
This nonprofit is terminated or no longer active
VEDC may be no longer active or terminated. Either the organization hasn't filed a Form 990 in many years and appears to no longer be active, or they marked in their most recent Form 990 that they have closed down.
Description
Valley Economic Development Center (VEDC) is a national non-profit business development organization with a 42-year history of changing small business lending & education. As a Certified Community Development Financial institution (CDFI), their mission is to create jobs through small business development in under-served communities. They provide loans and educational assistance to local small businesses, particularly those owned by women and minorities who don’t qualify for traditional financing.
Total revenues
$13,840,242
2020
Total expenses
$5,310,363
2020
Total assets
$31,203,996
2020
Num. employees
33
2020

Program areas at VEDC

Winding down operations. To provide financing assistance, management consulting, and training to entrepreneurs and small business owners in and around los angeles county and throughout California. On july 2, 2019 Valley Economic Development Center filed for bankruptcy. The filing for bankruptcy impacted all of vedc's programs.

Who funds Valley Economic Development Center (VEDC)

Federal funding details
Federal agencyProgram nameAmount
Department of CommerceECONOMIC ADJUSTMENT ASSISTANCE$4,811,619
Department of CommerceECONOMIC ADJUSTMENT ASSISTANCE$3,595,402
Small Business AdministrationMICROLOAN PROGRAM - LOAN PROGRAM$2,625,081
...and 7 more federal grants / contracts

Personnel at VEDC

NameTitleCompensation
David K GottliebChief Restructuring Officer
Robert J DennenFinancial Consultant / Chief Financial Officer$193,393
Edward ArnoldCompliance Director$0
Scott AneyChairman of the Board / Vice - Chairman / Secretary$0
Ray VadalmaChief Executive Officer , Chief Credit Officer$163,575
...and 2 more key personnel

Financials for VEDC

RevenuesFYE 06/2020
Total grants, contributions, etc.$772,790
Program services$461,313
Investment income and dividends$6,150
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$48,216
Net gain from sale of non-inventory assets$494,020
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$13,275,553
Total revenues$13,840,242

Form 990s for VEDC

Fiscal year endingDate received by IRSFormPDF link
2020-062021-05-25990View PDF
2020-032020-10-21990View PDF
2019-032020-10-19990View PDF
2018-032019-04-15990View PDF
2017-032018-06-14990View PDF
...and 7 more Form 990s
Data update history
August 23, 2021
Posted financials
Added Form 990 for fiscal year 2020
August 22, 2021
Posted financials
Added Form 990 for fiscal year 2020
August 21, 2021
Posted financials
Added Form 990 for fiscal year 2019
November 21, 2020
Updated personnel
Identified 2 new personnel
October 28, 2020
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCommunity Development Financial Institutions
Issues
Business and industry
Characteristics
Receives government fundingManagement and technical assistanceGala fundraisersTerminated
General information
Address
16255 Ventura Blvd No 440
Encino, CA 91436
Metro area
Los Angeles-Long Beach-Anaheim, CA
County
Los Angeles County, CA
Phone
(800) 304-1755
Facebook page
VEDC.org 
Twitter profile
@vedc_business 
IRS details
EIN
95-3139419
Fiscal year end
March
Taxreturn type
Form 990
Year formed
1976
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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