GREATER LEIMERT PARK VILLAGE & CRENSHAW CORRIDOR BUSINESS IMPR DIST INC

EIN: 872466788 Community Improvement

LOS ANGELES, CA

Total Revenue
$437,333
Total Expenses
$354,729
Total Assets
$210,778
Net Assets
$210,778
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
CA
Principal Officer
MISTY IWATSU
Phone
3102372924
Tax Period
2023-01-01 to 2023-12-31

GREATER LEIMERT PARK VILLAGE & CRENSHAW CORRIDOR BUSINESS IMPR DIST INC, founded in 2021, is a small nonprofit in the Community Improvement sector that reported $437K in total revenue in fiscal year 2023. Revenue surged 116% from the prior year, signaling strong growth momentum. The organization ran a surplus of $83K, a strong 19% operating margin.

Mission

THE SPECIFIC PURPOSE OF THIS NONPROFIT ORGANIZATION IS TO HELP REVITALIZE THE NEIGHBORHOOD BY PROVIDING CLEAN AND SAFE TEAMS AS WELL AS HELPS THE SMALL BUSINESSES THROUGH MARKETING AND EVENTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $429,693
Program Service Revenue $0
Investment Income $7,640
Other Revenue $0
TOTAL REVENUE $437,333

Expense Breakdown

Grants Paid $0
Salaries & Benefits $60,000
Fundraising Expenses $0
Other Expenses $294,729
TOTAL EXPENSES $354,729

Year-over-Year Comparison

2023 2022 Change
Revenue $437,333 $202,897 +1.2%
Expenses $354,729 $74,724 +3.7%
Net Income $82,604 $128,173 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
N/A
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
4
$60,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MISTY IWATSU Executive Dir. 30.00
Director
$60,000 $0 $60,000
ASHLEY CALLOWAY BOARD MEMBER 0.50
Director
$0 $0 $0
BELINDA WILLIAMS BOARD MEMBER 0.50
Director
$0 $0 $0
ROSEMARY DANON BOARD MEMBER 0.50
Director
$0 $0 $0
Banch Abegaze CEO 1.00
Officer
$0 $0 $0
Tony Jolly CFO 0.50
Officer
$0 $0 $0
Ben Caldwell VICE CHAIR 0.50
Officer
$0 $0 $0
HAKEEN PARKE-DAVIS Secretary 0.50
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $437,333 $354,729 $210,778 $82,604
2022 $202,897 $74,724 $128,174 $128,173
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