Overview
What is Inclusive Action For The City?
Inclusive Action for the City, headquartered in Los Angeles, California, is a community development financial institution (CDFI) dedicated to serving underinvested communities. Their mission is to improve access to transformative capital and advance policy through collaborative research and community-driven advocacy, aiming to create equitable and sustainable resources for diverse communities. Their strategies include addressing immediate needs by providing access to capital paired with supportive services for low-income entrepreneurs, fostering long-term systems change through policy advocacy and community research, and building generational wealth through community innovation initiatives. Notably, Inclusive Action for the City operates the Semi'A Fund, offering low-interest loans to historically underserved entrepreneurs, and the Community-Owned Real Estate (CORE) Project, preserving commercial properties for locally-owned businesses in gentrifying neighborhoods. They also co-lead the LA Street Vendor Campaign, advocating for equitable conditions for street vendors.
Official website here: www.inclusiveaction.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 87%, Three-Star out of Four Star rating.
Inclusive Action For The City has achieved a strong score of 87%, reflecting a solid commitment to accountability and financial transparency, with an impressive Accountability & Finance score of 83%. The organization has maintained a high program expense ratio of 77.51%, indicating that a significant portion of its funding directly supports its programs. The charity operates with a fully independent board, ensuring unbiased governance, and has scored well on its financial oversight measures.
On the cultural and community engagement front, the organization excelled with a score of 95%. This highlights its effective practices in collecting and utilizing feedback from constituents, which scored a perfect 100. However, there are areas for improvement, particularly in governance policies, as the organization lacks a conflict of interest policy, whistleblower policy, and document retention policy, which may raise concerns about overall governance transparency.
While the charity demonstrates strong operational effectiveness and community engagement, addressing the noted governance policy gaps could enhance its credibility further. Overall, Inclusive Action For The City is a well-rated nonprofit making a positive impact, but it should focus on strengthening its internal policies to ensure sustained trust and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Inclusive Action For The City legitimate?
Inclusive Action For The City is a legitimate nonprofit organization registered as a 501(c)(3) entity. Inclusive Action For The City submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $180,208
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,498,356
For more financial information, click here
Official website here: www.inclusiveaction.org
What is the mission statement of Inclusive Action For The City?
Inclusive Action For The City, as a nonprofit organization and Community Development Financial Institution (CDFI), aims to serve underinvested communities and build thriving local economies by improving access to transformative capital and advocating for policy changes through collaborative research and community-driven advocacy. Their mission envisions diverse communities with equitable and sustained access to resources and agency over their futures. To achieve this, IAC employs a threefold strategy: addressing immediate needs by providing access to capital paired with wraparound services for low-income, BIPOC, and immigrant small businesses and entrepreneurs; creating long-term systemic change through policy advocacy and community research; and building generational wealth through community innovation initiatives, including land and real estate programs to prevent displacement.
Official website here: www.inclusiveaction.org
Who is the CEO of Inclusive Action For The City?
Rudolph Espinoza is the Executive Dir. of Inclusive Action For The City.
Official website here: www.inclusiveaction.org
What is the revenue of Inclusive Action For The City?
Inclusive Action For The City's revenue in 2022 was $5,011,566.
Official website here: www.inclusiveaction.org
Who are the executives of Inclusive Action For The City and what are their salaries?
The average compensation at Inclusive Action For The City during 2022 was $69,940. There are 24 employees and 10 volunteers at Inclusive Action For The City.
Here are 15 key members and their salaries:
- Compensation: $180,200
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- Other: $5,406
- Compensation: $121,796
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- Compensation: $112,662
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- Compensation: $112,351
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- Compensation: $104,607
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Official website here: www.inclusiveaction.org
Where can I find the form 990 for Inclusive Action For The City?
Inclusive Action For The City's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.inclusiveaction.org
Learn more at the official website: www.inclusiveaction.org
Mission Statement of Inclusive Action For The City
Inclusive Action For The City, a nonprofit organization and Community Development Financial Institution (CDFI), is committed to serving underinvested communities and fostering thriving local economies. Their mission is to enhance access to transformative capital and advance policy through collaborative research and community-driven advocacy. By doing so, they envision diverse communities where residents have equitable and sustained access to resources, and the agency to shape their futures.
Inclusive Action For The City employs a three-pronged strategy to achieve this vision. Firstly, they address immediate needs by providing access to capital paired with wraparound services for low-income, BIPOC, and immigrant small businesses and entrepreneurs. This is accomplished through programs such as the Semi'A Fund, which has disbursed over $2 million in low-interest loans to nearly 230 entrepreneurs in the Los Angeles County area.
Secondly, Inclusive Action For The City works towards creating long-term systemic change through policy advocacy and community research. Their policy advocacy efforts focus on creating just and equitable economic conditions for the most vulnerable entrepreneurs, such as street vendors. One of their most notable achievements is co-leading the LA Street Vendor Campaign, which legalized street vending in the City of Los Angeles in 2017 and decriminalized the activity across California in 2018.
Lastly, Inclusive Action For The City builds generational wealth through community innovation initiatives, including land and real estate programs to prevent displacement. An example of this is the Community-Owned Real Estate (CORE) project, a joint project with East LA Community Corporation and Little Tokyo Service Center, which aims to combat gentrification by acquiring, rehabilitating, and preserving commercial properties in rapidly gentrifying neighborhoods while increasing access to affordable commercial space for locally-owned businesses.
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Impact
October, 2024
Inclusive Action For The City (IAC) significantly impacts underinvested communities in Los Angeles and beyond through innovative strategies aimed at economic empowerment and resource accessibility. By providing low-interest loans and business coaching to underserved entrepreneurs, including street vendors and small business owners from low-income backgrounds, IAC fosters the growth of local economies. The Semi'a Fund, for instance, has disbursed over $2 million in loans to nearly 230 entrepreneurs, enabling them to invest in their businesses and improve their livelihoods.
In addition to immediate financial assistance, IAC addresses systemic challenges through policy advocacy and community-driven research. A notable achievement includes co-leading the LA Street Vendor Campaign, which successfully legalized and decriminalized street vending in Los Angeles and across California. This groundbreaking work not only creates equitable conditions for street vendors but also supports broader initiatives aimed at economic justice.
Furthermore, IAC's Community-Owned Real Estate (CORE) project combats gentrification by acquiring and rehabilitating commercial properties in rapidly changing neighborhoods. This initiative not only preserves affordable commercial spaces for locally-owned businesses but also empowers tenants by developing pathways toward ownership.
Through these multifaceted efforts—ranging from direct financial support to long-term policy advocacy—Inclusive Action For The City cultivates thriving, diverse communities that can exercise agency over their futures, fostering generational wealth and combatting displacement.
This information is meant to be a general summary of Inclusive Action For The City. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $55,923
- Program Service Revenue: $271,877
- Gross Receipts: $5,011,566
Assets and Liabilities:
- Total Assets: $10,551,193
- Total Liabilities: $4,884,273
- Net Assets: $5,666,920
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONSULTING INCOME
Revenue
$271,877
Organization Details
Founding Year
2009
Phone
(323) 604-9765Principal Officer
Rudolph Espinoza
Main Address
2900 E CESAR E CHAVEZ AVE, LOS ANGELES, CA, 90033
Website
www.inclusiveaction.orgNTEE Category
Code: S31 - Community improvement
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