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Organizations Community Improvement & Capacity Building Valley Economic Development Center Inc.

Valley Economic Development Center Inc.

Fiscal year ending 2019. Filed on February 14, 2020.

5121 Van Nuys Blvd 3rd Floor
Van Nuys, California 91403

Valley Economic Development Center Inc. (EIN: 95-3139419) has filed an IRS Form 990 from fiscal year 2017–2020. In its fiscal year 2019 IRS Form 990 filing, Valley Economic Development Center Inc., a 501(c)(3) charitable organization, reported compensation for 6 out of 38 total employees. Among the employees shown here, the average compensation is $160,555. The highest compensated employee at Valley Economic Development Center Inc. is Alex Guerrero with fiscal year 2019 compensation of $192,794.

Revenue, expenses, and employee compensation

Revenue

$4,595,194

Expenses

$13,061,289

Employee compensation

$3,058,557
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Alex Guerrero
Chief Development Officer
$192,794
$159,817 No related comp$32,977
Ray Vadalma
Chief Executive Officer
$179,343
$163,575 No related comp$15,768
Robert J Dennen
Chief Financial Officer
$177,917
$150,716 No related comp$27,201
Elizabeth Wong
Assit Chief Financial OFFI
$153,690
$122,684 No related comp$31,006
Monica Guerrero
Program Director
$138,424
$112,548 No related comp$25,876
Edward Arnold
Compliance Director
$121,159
$104,320 No related comp$16,839

Benchmark Employee Compensation

Non-Employee Board Members

Anita Wolman
Board Member
Ariel Berrios
Vice Chair
Byron Reed
Treasurer
John Marquis
Board Member Emeritus
Leandro Tyberg
Board Member
Manuel Rosales
Board Member
Nishen Radia
Board Member
Pegi Matsuda
Board Member
Ray Vasquez
Board Member
Ron Meraz
Board Member
Scott Aney
Chair
Shala Tavakoli
Secretary

Mission Statement

TO PROVIDE FINANCING ASSISTANCE, MANAGEMENT CONSULTING, AND TRAINING TO ENTREPRENEURS AND SMALL BUSINESS OWNERS IN AND AROUND LOS ANGELES COUNTY AND THROUGHOUT CALIFORNIA. ON JULY 2, 2019 VALLEY ECONOMIC DEVELOPMENT CENTER FILED FOR BANKRUPTCY. THE FILING FOR BANKRUPTCY IMPACTED ALL OF VEDC'S PROGRAMS.

Revisions to this organization profile

May 14, 2021:
2020 Valley Economic Development Center Inc. 990 filed
February 14, 2020:
2019 Valley Economic Development Center Inc. 990 filed
February 13, 2019:
2018 Valley Economic Development Center Inc. 990 filed

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