Economic Resources Corporation
Public records show a registered, tax-exempt organization in good standing.
What it says it does
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.
- Income
- $7.5 million
- Spending
- $3.0 million
- Spent on programs
- 83%
- Reserves
- 46.5 months of spending
- Largest source of income
- fees for its services, 68%
- Employees
- 7
- Volunteers
- 9
- Highest pay
- $417,212, president/ceo
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Strong: 100 out of 100.
Reserves
35 of 35Spendable reserves would cover 46.5 months of spending.
Debt
20 of 20It owes 7% of what it owns.
Living within its means
15 of 15Income exceeded spending by 60% of income.
Income trend
15 of 15Income rose 35% on the year before.
Spending floor
15 of 1583% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 90 out of 100.
Independent board
25 of 259 of 10 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
0 of 10Did not give the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $2.5 million spent. ERC HAS DEDICATED ITSELF TO PROVIDING LOCAL SMALL BUSINESSES WITH PROFESSIONAL TECHNICAL ASSISTANCE IN ORDER TO ENHANCE OPPORTUNITIES FOR GROWTH AND SUCCESS. ERC WORKS TO ACCOMPLISH THIS GOAL BY HELPING SMALL COMPANIES, MANY OF THEM TENANTS IN THE COMPLEX, IMPROVE THEIR OPERATIONS EITHER DIRECTLY OR THROUGH REFERRALS IN THE AREAS OF BUSINESS STRATEGY, FINANCIAL MANAGEMENT AND OPERATIONAL MANAGEMENT. IN ADDITION TO ASSISTING TENANTS OF THE COMPLEX, AS WELL AS OTHERS, ERC HELPS COMMUNITIES DEVISE STRATEGIES TO REMOVE BLIGHT, INCREASE JOB OPPORTUNITIES AND IMPROVE THE LOCAL INFRASTRUCTURE. ERC DOES THIS BY WORKING WITH COMMUNITY GROUPS AND CONCERNED INDIVIDUALS TO HELP THEM BUILD CAPACITY TO POSITIVELY AFFECT THEIR LOCAL NEIGHBORHOODS AND IMPROVE THE QUALITY OF LIFE, WITH A FOCUS ON ECONOMIC OPPORTUNITY. ERC ALSO WORKS WITH LOCAL MUNICIPALITIES AND NON-PROFITS TO ASSIST THEM IN CARRYING OUT THEIR INDIVIDUAL ECONOMIC DEVELOPMENT INITIATIVES. ERC ASSISTS THESE EFFORTS THROUGH PLANNING STUDIES, FOCUS GROUPS, LAND USE STUDIES AND CONSULTING. IN ORDER TO MAKE LASTING CHANGE TO DISTRESSED COMMUNITIES, AS WELL AS THE AREA SURROUNDING THE COMPLEX, THE ECONOMY MUST BE STRENGTHENED. TO DO THIS, ERC IS ACTIVELY INVOLVED IN THE RECRUITMENT AND RETENTION OF BUSINESSES TO UNDERSERVED COMMUNITIES BY INITIATIVES IN REAL ESTATE DEVELOPMENT, ASSISTING IN THE IDENTIFICATION AND RETROFITTING OF FACILITIES FOR NEW AND GROWING COMPANIES AND INTRODUCING LOCAL EMPLOYERS TO THE ECONOMIC INCENTIVE PROGRAMS THAT ARE AVAILABLE TO THEM.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since July 1969.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.