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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Economic Resources Corporation

Economic Resources Corporation

Fiscal year ending 2024. Filed on April 21, 2025.

2600 Industry Way
Lynwood, California 90262

Economic Resources Corporation (EIN: 95-2546360) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Economic Resources Corporation, a 501(c)(3) charitable organization, reported compensation for 3 out of 7 total employees. Among the employees shown here, the average compensation is $259,136. The highest compensated employee at Economic Resources Corporation is Samuel Hughes with fiscal year 2024 compensation of $357,557.

Revenue, expenses, and employee compensation

Revenue

$5,551,976

Expenses

$2,755,983

Employee compensation

$1,250,219
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Samuel Hughes
President and Chief Executive Officer
$357,557
$325,621 No related comp$31,936
Nancy H Ikegami
Vice President, Finance
$213,380
$194,928 No related comp$18,452
Albert Carrol
Investment Manager
$206,470
$193,131 No related comp$13,339

Benchmark Employee Compensation

Non-Employee Board Members

Andrea Cohen Jackson
Director
Carey Jenkins
Director
Charles McLurkin
Director
Christine Villegas
Director
Hoonie Kang
Director
Jide Alade
Director
Kyle Davis
Director (Thru 01/2024)
Michael Nagin
Director
Tori Fisk
Director
Tracey Mitchel-Lai
Director

Contractors

Preferred Modular Structures Inc.
Construction
$774,031
Global Network Security Inc.
Security
$162,839
Allied Paving CO
Paving
$158,450
Environ Architecture Inc.
Architecture
$125,156
Precision Mechanical
Cooling/Heating
$122,050

Mission Statement

TO PROMOTE ECONOMIC GROWTH AND INCREASED JOB OPPORTUNITY IN UNDER-SERVED COMMUNITIES BY SUPPORTING BUSINESS DEVELOPMENT, INVESTING IN COMMERCIAL AND INDUSTRIAL REAL ESTATE AND PROVIDING EMPLOYMENT OPPORTUNITIES.

Revisions to this organization profile

April 21, 2025:
2024 Economic Resources Corporation 990 filed
May 14, 2024:
2023 Economic Resources Corporation 990 filed
May 16, 2023:
2022 Economic Resources Corporation 990 filed

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