Inclusive Action For The City

Organization Overview

Inclusive Action For The City is located in Los Angeles, CA. The organization was established in 2010. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Inclusive Action For The City employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inclusive Action For The City is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Inclusive Action For The City generated $6.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 44.4% each year . All expenses for the organization totaled $4.2m during the year ending 12/2021. While expenses have increased by 38.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO BRING PEOPLE TOGETHER TO BUILD STRONG LOCAL ECONOMIES THAT UPLIFT LOW-INCOME URBAN COMMUNITIES THROUGH ADVOCACY AND TRANSFORMATIVE ECONOMIC DEVELOPMENT INITIATIVES. IAC ADMINISTERS ECONOMIC DEVELOPMENT PROGRAMS THAT SUPPORT SMALL BUSINESSES AND OTHER MICRO-ENTREPRENEURS ACCESS CAPITAL AND ASSISTANCE TO SUPPORT THEIR ECONOMIC WELL-BEING. ADDITIONALLY, IAC CONDUCTS RESEARCH THAT EDUCATES STAKEHOLDERS ON HOW WE CAN IMPROVE THE QUALITY OF LIFE OF PEOPLE IN LOW-INCOME COMMUNITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

INCLUSIVE ACTION FOR THE CITY IS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) THAT SERVES LOS ANGELES COUNTY AND BEYOND THROUGH DUAL INTERVENTIONS: RESEARCH-INFORMED ADVOCACY AND COMMUNITY CENTERED MICROFINANCE.INCLUSIVE ACTION FOR THE CITY'S PROGRAMS AND SEVICES ARE DIVIDED INTO TWO AREAS OF WORK: ECONOMIC DEVELOPMENT AND POLICY ADVOCACY AND RESEARCH, EACH DESIGNED TO SUPPORT THE EQUITABLE ECONOMIC DEVELOPMENT IN LA'S MOST VULNERABLE COMMUNITIES.OUR ECONOMIC DEVELOPMENT INITIATIVES PROVIDE CAPITAL AND SMALL BUSINESS TECHNICAL ASSISTANCE TO LOW-INCOME ENTREPRENEURS WHO HAVE BEEN HISTORICALLY UNDERSERVED BY FINANCIAL INSTITUTIONS AND DEPRIVED OF OPPORTUNITIES TO INVEST IN THEIR BUSINESSES. OUR FLAGSHIP ECONOMIC DEVELOPMENT INITIATIVE IS OUR LOW-INTEREST LOAN PROGRAM, THE SEMI'A FUND. THE SEMI'A FUND HAS PROVIDED OVER $1.6M IN LOW-INTEREST LOANS TO ENTREPRENEURS OF COLOR AND OVER 5,000 TECHNICAL ASSISTANCE HOURS. IN ADDITION TO THE SEMI'A FUND IAC ALSO RUNS THE COMMUNITY-OWNED REAL ESTATE (CORE) PROJECT, A JOINT PROJECT WITH EAST LA COMMUNITY CORPORATION AND LITTLE TOKIO SERVICE CENTER TO COMBAT GENTRIFICATION BY ACQUIRING, REHABILITATING, AND PRESERVING COMMERCIAL PROPERTIES IN RAPIDLY GENTRIFYING NEIGHBORHOODS AND INCREASE ACCESS TO AFFORDABLE COMMERCIAL SPACE FOR LOCALLY-OWNED BUSINESSES. THROUGH THIS INITIATIVE, IAC AND ITS PARTNERS SUCCESSFULLY ACQUIRED AND REHABILITATED FIVE COMMERCIAL PROPERTIES AND ARE CLOSE TO ACHIEVING FULL OCCUPANCY. THIS YEAR, IAC IS DEVELOPING A STRATEGY TO CREATE PATHWAYS TO TENANT-OWNERSHIP FOR THE CORE TENANTS. LASTLY, IAC IS ALSO WORKING ON LAUNCHING A NEW ITERATION OF THE RESTORE FUND, A SOCIAL IMPACT FUND THAT WILL CONNECT MARGINALIZED ENTREPRENEURS WITH EQUITY AND SOCIAL CAPITAL TO HELP THEIR BUSINESS GROW AND THRIVE.OUR POLICY ADVOCACY AND RESEARCH EFFORTS FOCUS ON CREATING JUST AND EQUITABLE ECONOMIC CONDITIONS FOR LA'S MOST VULNERABLE ENTREPRENEURS. OUR TOP POLICY PROJECT IS CO-LEADING THE LA STREET VENDOR CAMPAIGN, A CITYWIDE EFFORT THAT LEGALIZED STREET VENDING IN THE CITY OF LA IN 2017 AND DECRIMINALIZED THE ACTIVITY ACROSS CALIFORNIA IN 2018. SINCE THEN, THE CAMPAIGN HAS FOCUSED ON MONITORING THE IMPLEMENTATION OF STREET VENDING POLICY AND WORKS AT KEY INTERVENTION POINTS TO ADVOCATE FOR MORE EQUITABLE CONDITIONS FOR STREET VENDORS. IN ADDITION TO THE STREET VENDOR CAMPAIGN, INCLUSIVE ACTION ALSO PARTICIPATE IN OTHER LOCAL COALITIONS TO SUPPORT LA'S MOST VULNERABLE COMMUNITIES INCLUDING: THE HEALTHY LA COALITION, THE LA SMALL BUSINESS ALLIANCE FOR EQUITABLE COMMUNITIES, AND THE IMMIGRATION INTEGRATION TASK FORCE.


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Board, Officers & Key Employees

Name (title)Compensation
Rudolph Espinoza
Executive Dir.
$151,458
Christopher Goett
Chair
$0
Ricardo Mireles
Vice President
$0
Vikram Jadhav
Secretary
$0
Reagan Maechling
Treasurer
$0
Bill Roschen
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ca Reinvest Coalition
Outreach & Financial Svs
$425,000
East La Corporation
Financial Empower Svs
$411,850
Kounkuey Design Initiative
Vendor Cart Design Svs
$198,500
Right To The City Alliance Inc
Outreach Services Svs
$194,000
Public Counsel
Legal & Business Svs
$495,500
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $274,368
All other contributions, gifts, grants, and similar amounts not included above$5,256,531
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$5,530,899
Total Program Service Revenue$1,087,498
Investment income $23,506
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $20,126
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $6,785,637

Grants Recieved

Over the last fiscal year, we have identified 36 grants that Inclusive Action For The City has recieved totaling $7,675,053.

Awarding OrganizationAmount
Jp Morgan Chase Foundation

New York, NY

PURPOSE: IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION

$2,500,000
Jp Morgan Chase Foundation

New York, NY

PURPOSE: IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION

$2,500,000
Citi Foundation

New York, NY

PURPOSE: SMALL BUSINESS TECHNICAL ASSISTANCE INITIATIVE

$500,000
Local Initiatives Support Corporation

New York, NY

PURPOSE: SEE PART IV

$385,000
Public Health Institute

Oakland, CA

PURPOSE: Technical Assistance

$300,000
Durfee Foundation

Los Angeles, CA

PURPOSE: LARK AWARD PILOT PROGRAM AND FLOW FUND GRANT

$200,000
View Grant Recipient Profile

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