GRANT HOUSING AND ECONOMIC DEVELOPMENT CORPORATION

EIN: 954505619 501(c)(3) Community Improvement

CARSON, CA

Total Revenue
$241,514
Total Expenses
$197,066
Total Assets
$1,900,404
Net Assets
$901,952
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
CA
Principal Officer
Sean Gaston
Phone
5628790419
Tax Period
2025-01-01 to 2025-12-31

GRANT HOUSING AND ECONOMIC DEVELOPMENT CORPORATION, founded in 1992, is a small nonprofit in the Community Improvement sector that reported $242K in total revenue in fiscal year 2025. Revenue surged 52% from the prior year, signaling strong growth momentum. The organization ran a surplus of $44K, a strong 18% operating margin.

Mission

GHEDC seeks to improve the socio-economic condition of residents through education low-income housing and economic development in depressed areas such as south Los Angeles Watts.

Program Service Accomplishments

Program 1
Expenses: $101,608 Revenue: $113,022

GHEDC provides a weekly food program that distributes groceries to the community. We also provide self-help seminars and workshops such as healthy living seminars featuring topics such as Dealing...

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GHEDC provides a weekly food program that distributes groceries to the community. We also provide self-help seminars and workshops such as healthy living seminars featuring topics such as Dealing with Diabetes Managing Hypertension and other subjects. Additionally we provide healthy living cooking and food preparation workshops for the community. Computer training and school work assistance is offered four days a week through our after-school tutoring program.

Program 2
Expenses: $0 Revenue: $10,406

GHEDC has been responsible for the community awareness and input component of several infrastructure and beautification projects in the area. As an example we were responsible to organize and conduct...

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GHEDC has been responsible for the community awareness and input component of several infrastructure and beautification projects in the area. As an example we were responsible to organize and conduct community planning and visioneering sessions for the development of a major street in south Los Angeles under the authority of the Community Redevelopment Agency of the City of Los Angeles. We seek to connect the community with environmental health and resource concerns through educational seminars training and outreach efforts to promote greening projects.

Program 3
Expenses: $83,521 Revenue: $118,086

GHEDC constructed and maintains 92 units of multi-family housing for low-income residents in south Los Angeles. We have an additional 10 units where we offer a fresh start to families transitioning...

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GHEDC constructed and maintains 92 units of multi-family housing for low-income residents in south Los Angeles. We have an additional 10 units where we offer a fresh start to families transitioning from homelessness and others with low-income housing needs.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $241,514
Investment Income $0
Other Revenue $0
TOTAL REVENUE $241,514

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $185,129
Other Expenses $197,066
TOTAL EXPENSES $197,066

Year-over-Year Comparison

2025 2024 Change
Revenue $241,514 $158,826 +0.5%
Expenses $197,066 $421,203 -0.5%
Net Income $44,448 $-262,377 -1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
4
Independent Members
4
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
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dr Sean Gaston President 0.00
Officer Director
$0 $0 $0
Rochelle Edmondson Treasurer 0.00
Officer Director
$0 $0 $0
Lee Webster Secretary 0.00
Officer Director
$0 $0 $0
Chris Jordan Executive Director 0.00
Officer Director
$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
2025 $241,514 $197,066 $1,900,404 $44,448
2024 $158,826 $421,203 $1,859,498 $-262,377
2023 $254,385 $253,324 $2,125,417 $1,061
2022 $185,876 $145,516 $2,127,898 $40,360
2021 $418,829 $124,510 $2,091,080 $294,319
2020 $220,707 $211,553 $1,800,304 $9,154
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