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Filing year 2023

ECONOMIC RESOURCES CORPORATION

Lynwood, California·EIN 95-2546360·3
Total revenue
$5.6M
Total assets
$27.1M
Total expenses
$2.8M
Reported officers
13
Mission

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.

Executive compensation, broken down

Form 990 · Schedule J · 3 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President/ceo
Above 90th percentile
$358k
$395k
Base
$326k
Bonus
Other
Benefits
$2k
VP of Finance
Vice President
75th to 90th percentile
$213k
$236k
Base
$166k
Bonus
$29k
Other
Benefits
$2k
Investment Manager
Highest Compensated Employee
Median to 75th percentile
$206k
$228k
Base
$169k
Bonus
$24k
Other
Benefits
$2k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Los Angeles-Long Beach-Anaheim, CA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 10 unpaid individuals.

Up 28%
from 2022

From $279k in 2022 to $358k in 2023.

$279k
2022
$358k
2023
In today's dollarsEst.
Up 24% in real terms$319k to $395k

Estimated with Los Angeles-Long Beach-Anaheim, CA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 28% from 2022 to 2023, while revenue rose 22%.

$279k in 2022 to $358k in 2023.
  • Vice President pay rose 5% from 2022 to 2023.
  • Highest Compensated Employee pay rose 4% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

ECONOMIC RESOURCES CORPORATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$4.6M
$2.7M
2022
$5.6M
$2.8M
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about ECONOMIC RESOURCES CORPORATION

What does the Chief Executive Officer of ECONOMIC RESOURCES CORPORATION earn?

In 2023, the Chief Executive Officer of ECONOMIC RESOURCES CORPORATION received $357,557 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at ECONOMIC RESOURCES CORPORATION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Chief Executive Officer at ECONOMIC RESOURCES CORPORATION falls in the top 10%.

What are ECONOMIC RESOURCES CORPORATION's revenue and expenses?

In 2023, ECONOMIC RESOURCES CORPORATION reported $5.6M in total revenue and $2.8M in total expenses on its IRS Form 990.

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