LOS ANGELES DEVELOPMENT FUND
1200 W 7TH STREET 8TH FLOOR, LOS ANGELES, CA 90017 www.ladfnewmarkets.org

Total Revenue
$726,314
Total Expenses
$658,521
Net Assets
$2,547,526
Organizations Filed Purposes: LOS ANGELES DEVELOPMENT FUND'S SPECIFIC PURPOSE IS TO ASSIST IN CARRYING OUT THE ECONOMIC DEVELOPMENT PROGRAM AND OBJECTIVES OF THE CITY OF LOS ANGELES. IT PROMOTES THE DEVELOPMENT, ESTABLISHMENT, OR EXPANSION OF INDUSTRIES AND COMMERCE IN LOW-INCOME AREAS BY GENERATING PRIVATE INVESTMENT CAPITAL THROUGH THE NEW MARKETS TAX CREDIT PROGRAM. AS OF 12/31/2019, THE ORGANIZATION HAS RECEIVED FIVE ALLOCATIONS OF NEW MARKETS TAX CREDITS IN THE TOTAL AMOUNT OF $260 MILLION FROM THE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND, A DIVISION OF THE UNITED STATES DEPARTMENT OF TREASURY. AS OF 12/31/2019, THE ORGANIZATION HAS FUNDED 17 PROJECTS UTILIZING $200.7 MILLION OF ITS NEW MARKETS TAX CREDIT ALLOCATION.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Sandra RahimiSECRETARY/MANAGER40$228,627
Patricia HuberCHIEF FINANCIAL OFFICER1$0
Tunua Thrash-NtukADVISORY BOARD - TRUSTEE0.5$0
Rudy EspinozaADVISORY BOARD - TRUSTEE0.5$0
Nancy VolpertADVISORY BOARD - TRUSTEE0.5$0
Miguel LunaADVISORY BOARD - TRUSTEE0.5$0
Mark WilsonADVISORY BOARD - TRUSTEE0.5$0
Liliana MongeADVISORY BOARD - TRUSTEE0.5$0
Carl CadeADVISORY BOARD - TRUSTEE0.5$0
Brian AlbertADVISORY BOARD - TRUSTEE0.5$0
Libby WilliamsADVISORY BOARD - TRUSTEE0.5$0
Yolanda ChavezGOVERNING BOARD - TRUSTEE0.5$0
Moctesuma EsparzaGOVERNING BOARD - TRUSTEE0.5$0
Karen KalfayanGOVERNING BOARD - TRUSTEE0.5$0
John ReamerGOVERNING BOARD - TRUSTEE0.5$0
Rushmore CervantesPRESIDENT/GOVERNING BOARD - TRUSTEE1$0
Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202043199349301509_public.xml

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