Tri-City Economic Development Corporation
- Assets
- $7.1m
- Revenue
- $14.3m
- Investments
- $473.2k
- Employees
- 82
- Location
- Union City, CA
- Founding
- 11/1980
- Data as of
- 12/2021
- EIN
- 94-2687078
Organization Overview
Tri-City Economic Development Corporation is located in Union City, CA. The organization was established in 1980. According to its NTEE Classification (C27) the organization is classified as: Recycling, under the broad grouping of Environment and related organizations. As of 12/2021, Tri-City Economic Development Corporation employed 82 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tri-City Economic Development Corporation 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, Tri-City Economic Development Corporation generated $14.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $13.4m during the year ending 12/2021. While expenses have increased by 5.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S PRIMARY PURPOSE INCLUDES THE RECYCLING OF RECYCLABLE MATERIALS, TRAINING AND EMPLOYMENT OF NEEDY PEOPLE, AND OTHER SUCH ACTS WHICH ARE PROPER UNDER THE NON-PROFIT PUBLIC BENEFIT CORPORATION LAW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2021, THE ORGANIZATION CONTINUED TO PROVIDE INDIVIDUALS WITH THE ASSETS AND SKILLS NECESSARY TO BE POSITIVE AND PRODUCTIVE EMPLOYEES AND MEMBERS OF THE COMMUNITY. ALSO, THE ORGANIZATION PROVIDED CURBSIDE RECYCLING, ORGANICS COLLECTION, AND RECYCLING PROCESSING. IN ADDITION, IT OPERATED ITS OWN BUY BACK RECYCLING CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Humberto Trejo Driver | 40 | $141,766 | |
Izaz Ali Driver | 40 | $137,135 | |
Gilberto Saucedo Driver | 40 | $134,794 | |
Juan Diego Suarez Driver | 40 | $134,385 | |
Jose Joaquin Abarca Driver | 40 | $133,771 | |
Richard Valle President/ceo | Officer | 45 | $106,155 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $10,991,584 |
| Investment income | $7,240 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,093,728 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,270,902 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $290,744 |
| Compensation of current officers, directors, key employees. | $4,748 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,934,161 |
| Pension plan accruals and contributions | $604,440 |
| Other employee benefits | $1,165,453 |
| Payroll taxes | $384,680 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,368 |
| Fees for services: Accounting | $84,406 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $110,704 |
| Advertising and promotion | $0 |
| Office expenses | $220,402 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $717,512 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $122,979 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $736,557 |
| Insurance | $776,958 |
| All other expenses | $230,673 |
| Total functional expenses | $13,417,216 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $566,935 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $882,803 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $33,083 |
| Inventories for sale or use | $284,060 |
| Prepaid expenses and deferred charges | $127,797 |
| Net Land, buildings, and equipment | $4,742,519 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $473,242 |
| Investments—program-related | $0 |
| Intangible assets | $4,480 |
| Other assets | $6,500 |
| Total assets | $7,121,419 |
| Accounts payable and accrued expenses | $869,570 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,564,064 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,433,634 |
| Net assets without donor restrictions | $3,598,651 |
| Net assets with donor restrictions | $89,134 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,121,419 |
Grants Awarded
Over the last fiscal year, Tri-City Economic Development Corporation has awarded $41,903 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF UNION CITY PURPOSE: VETERANS MEMORIAL PARK | $26,903 |
ALAMEDA LABOR COUNCIL PURPOSE: ANNUAL DINNER | $10,000 |
EAST BAY LA RAZA LAWYERS SCHOLARSHIP FUND PURPOSE: CONTRIBUTION | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Looptfoundation Portland, OR | $56,493 | $16,408,583 |
Tri-City Economic Development Corporation Union City, CA | $7,121,419 | $14,270,902 |
Community Conservation Centers Inc Berkeley, CA | $3,563,827 | $7,161,023 |
Free Geek Portland, OR | $1,016,167 | $3,381,245 |
Our United Villages Portland, OR | $3,118,439 | $1,795,235 |
Bring Recycling Eugene, OR | $3,054,135 | $1,414,316 |
Canopy Palo Alto, CA | $1,206,340 | $1,527,418 |
Deconstruction And Building Materials Reuse Network Inc Long Beach, CA | $25,089 | $1,339,360 |
Watershed Management Group Inc Tucson, AZ | $1,083,167 | $1,647,658 |
Coastal Quest Berkeley, CA | $699,709 | $1,605,642 |
Oregon Refuse And Recycling Association Salem, OR | $727,687 | $1,151,379 |
Explore Ecology Santa Barbara, CA | $299,738 | $1,190,938 |