Initiating Change In Our Neighborhoods Community Dev Corp

Organization Overview

Initiating Change In Our Neighborhoods Community Dev Corp is located in Panorama City, CA. The organization was established in 2002. According to its NTEE Classification (R20) the organization is classified as: Civil Rights, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 06/2021, Initiating Change In Our Neighborhoods Community Dev Corp employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Initiating Change In Our Neighborhoods Community Dev Corp 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 06/2021, Initiating Change In Our Neighborhoods Community Dev Corp generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $1.0m during the year ending 06/2021. While expenses have increased by 9.3% per year over the past 6 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

INITIATING CHANGE IN OUR NEIGHBORHOODS, COMMUNITY DEVELOPMENT CORPORATION EMPOWERS RESIDENTS AND SMALL BUSINESSES IN THE SAN FERNANDO VALLEY THROUGH PROGRAMS THAT SUPPORT SOCIAL, CIVIC, ECONOMIC DEVELOPMENT AND EDUCATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO MEET THE NEEDS OF THE BUSINESS COMMUNITY, ICON CDC OFFERS AN ARRAY OF WORKSHOPS ALONG WITH ONE-ON-ONE CONSULTING SERVICES TO ASSIST ENTREPRENEURS AND SMALL BUSINESS OWNERS IN THE AREAS OF BUSINESS PLANNING, FINANCIAL MANAGEMENT, CERTIFICATION, PROCUREMENT, CREDIT COUNSELING, MARKETING, SOCIAL MEDIA, HUMAN RESOURCES, LICENSING AND PERMITTING.


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Board, Officers & Key Employees

Name (title)Compensation
Juan M Benitez
President & CEO
$48,000
Fernando Oliveros
Chairman
$0
Jesus Ramos
Treasurer
$0
Yolanda Fuentes
Board Member
$0
Marco Santana
Board Member
$0
Greg Wesley
Vice Chairman
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Faj Consulting Services Inc
Consulting
$78,750
Cornejo Strategies
Consulting
$79,000
View All Vendors

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$1,050,314
Investment income $0
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 $0
Miscellaneous Revenue$0
Total Revenue $1,073,531

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Initiating Change In Our Neighborhoods Community Dev Corp has recieved totaling $84,375.

Awarding OrganizationAmount
Mayors Fund For Los Angeles

Los Angeles, CA

PURPOSE: CV-19 - STREET VENDORS/BUSINESS

$84,375
View Grant Recipient Profile

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