2024-08-01T13:52:49-05:00 2023-09-30 910189318 MOSS ADAMS LLP 3121 W MARCH LN STE 200 STOCKTON CA 952192367 990 2022-10-01 943064064 CALIFORNIA STATEWIDE CERTIFIED DEVELOPMENT CORPORATION CALI 8009829192 426 D STREET DAVIS CA 95616 DENISE ZBORALSKE CFO/COO 9167655805 2024-07-31 1 1 TRACY S PAGLIA P00366884 2099556100 2024-07-31 2022 2024-08-08 14:25:15Z CALIFORNIA STATEWIDE CDC JEFF BOONE 426 D STREET DAVIS CA 95616 11101253 0 X WWW.CALSTATEWIDE.COM X 1987 CA ASSIST BUSINESSES OBTAIN GOV'T LOANS; SERVICE GOV'T LOANS TO PROMOTE URBAN & RURAL ECONOMIC GROWTH 12 12 45 12 0 0 0 5000 8737533 9528802 96048 271884 149846 151612 8983427 9957298 84305 83425 0 0 6807718 7196990 0 0 0 1877220 2285907 8769243 9566322 214184 390976 11407239 11947341 4215916 4365042 7191323 7582299 X CSCDC BELIEVES IN GIVING BUSINESSES THE OPPORTUNITY TO GROW. CSCDC RESPONDS TO EACH CLIENT WITH THE PERSONAL SERVICE THAT ONLY AN EXPERIENCED, KNOWLEDGEABLE CDC LIKE OURS CAN PROVIDE. CSCDC HAS A REPUTATION FOR CONSISTENTLY FAST PROCESSING TURNAROUND, AND ARE ESPECIALLY SENSITIVE TO THE DETAILS AND KIND OF FOLLOW-THROUGH NECESSARY TO MAKE AN SBA TRANSACTION SUCCESSFUL. 0 0 8222690 83425 9528802 SBA 504 LOAN PROGRAM: DURING FYE 9/30/2023, CSCDC WAS RESPONSIBLE FOR PLACEMENT OF 166 SBA 504 LOANS AND 14 SBA 7A COMMUNITY ADVANTAGE LOANS. ADDITIONALLY, CSCDC SUPPORTED OTHER SBA PROGRAMS THROUGH REFERRALS TO SBA 7A LENDERS, MICROLENDING PROGRAMS AND BUSINESS ASSISTANCE PROGRAMS. SINCE INCEPTION, CSCDC HAS PROVIDED OVER $2.3 BILLION IN LOANS TO SMALL BUSINESSES SUPPORTING $5 BILLION IN TOTAL PROJECT FINANCING TO 3,200 SMALL BUSINESSES, HELPING CREATE OR RETAIN OVER 34,000 JOBS. 8222690 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 38 0 1 45 1 0 0 0 0 0 0 0 0 X 12 12 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X DENISE ZBORALSKE 9167655805 426 D STREET DAVIS CA 95616 CARLO SAMSON SENIOR EXECUTIVE VICE PRESIDENT 40.00 X 701048 0 53370 CRAIG SAMSON SENIOR VP, SR LOAN OFFICER 40.00 X 484870 0 36608 JEFF BOONE CEO 40.00 X 464866 0 13006 DENISE ZBORALSKE CFO/COO 40.00 X 214494 0 34233 MARK SCHWAN SENIOR VP, SR LOAN OFFICER 40.00 X 229169 0 37925 PATRICIA GLOBA THRU 822 SENIOR VP, SR LOAN OFFICER 40.00 X 206876 0 25794 DENISE POST SENIOR CLOSER 40.00 X 156955 0 27611 JEREMY MEHLER SENIOR VP, SR LOAN OFFICER 40.00 X 173643 0 8333 DANA LOFGREN CLOSING MANAGER 40.00 X 159736 0 7925 DIANE BERRY SENIOR UNDERWRITER 40.00 X 153932 0 5452 JOHN DIMICHELE CHAIRMAN 1.00 X X 19052 0 0 DON CAVAZOS DIRECTOR 1.00 X 18340 0 0 BARBARA HAYES DIRECTOR 1.00 X 18115 0 0 ROBERT BRADY DIRECTOR 1.00 X 17591 0 0 TODD HOLLEY DIRECTOR 1.00 X 17290 0 0 MARK LEAS TREASURER 1.00 X X 16053 0 0 NAHZ ANVARY SECRETARY 1.00 X X 15490 0 0 LEE SCOTT VICE CHAIRMAN 1.00 X X 14815 0 0 CINDY LARSON DIRECTOR 1.00 X 14741 0 0 JAMES RENNER DIRECTOR 1.00 X 12527 0 0 TIFFANY MONROE DIRECTOR 1.00 X 2514 0 0 PHIL FEGHALI DIRECTOR 1.00 X 2140 0 0 3114257 0 250257 29 0 1 0 0 5000 5000 LOAN SERVICING FEES 561000 4897944 4897944 LOAN PACKAGING FEES 561000 3234611 3234611 LOAN INTEREST INCOME 561000 1288695 1288695 OTHER LOAN FEES 561000 107552 107552 9528802 153391 153391 1262448 1143955 118493 118493 118493 OTHER INCOME 561000 151612 151612 151612 9957298 9528802 0 423496 83425 83425 2168563 1931411 237152 205178 205178 3910420 3815539 94881 118257 113929 4328 404219 399991 4228 390353 370835 19518 23397 23397 50175 50175 77787 11468 66319 228793 228793 84805 84805 266043 266043 198206 125890 72316 56116 7725 48391 485952 348403 137549 27586 27586 61030 61030 104047 104047 LENDING EXPENSES 473458 469222 4236 DUES & SUBSCRIPTIONS 28381 28381 120131 83295 36836 9566322 8222690 1343632 0 2432162 704773 2963105 4816932 1531696 2110318 2010458 3166174 113179 158888 1362307 823082 600255 539225 1506385 0 249999 451031 11407239 11947341 969856 1144968 252313 252313 2874679 2708985 119068 258776 4215916 4365042 X 6854969 7067844 336354 514455 7191323 7582299 11407239 11947341 390976 0 X 0 1 X 1 1 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 167737 167737 649957 366704 283253 125275 81754 43521 419338 374624 44714 539225 LEASE LIABILITY 114421 PCLP LOAN RESERVE 107947 INTEREST PAYABLE 36408 258776 X 9957298 0 9957298 0 9957298 9566322 0 9566322 0 9566322 PART X, LINE 2: CSCDC IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(4), AND FROM STATE OF CALIFORNIA INCOME TAXES, EXCEPT ON UNRELATED BUSINESS INCOME. THEREFORE, THE FINANCIAL STATEMENTS CONTAIN NO PROVISION FOR SUCH TAXES. INFORMATIONAL RETURNS ARE FILED ANNUALLY WITH FEDERAL AND STATE TAXING AUTHORITIES. THE ORGANIZATION IS NOT AWARE OF ANY TRANSACTIONS THAT WOULD AFFECT ITS TAX-EXEMPT STATUS AND HAD NO UNRECOGNIZED TAX BENEFITS AS OF SEPTEMBER 30, 2023 AND 2022. THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. DURING THE YEARS ENDED SEPTEMBER 30, 2023 AND 2022, THERE WERE NO TAX, INTEREST, OR PENALTIES RECORDED IN THE STATEMENTS OF ACTIVITIES. 1 KIVA MICROFUNDS 986 MISSION ST SAN FRANCISCO CA 94103 710992446 501(C)(3) 24882 0 CROWD LENDING 1 0 PART I, LINE 2: THE ORGANIZATION MAKES CHARITABLE CONTRIBUTIONS TO QUALIFIED 501(C)(3) PUBLIC CHARITIES. NO FORMAL MONITORING IS REQUIRED. X X 1 1 X X X X X 1 0 0 0 0 0 0 1 0 CARLO SAMSON SENIOR EXECUTIVE VICE PRESIDENT 123478 0 577570 0 0 0 10788 0 42582 0 754418 0 0 0 CRAIG SAMSON SENIOR VP, SR LOAN OFFICER 91420 0 393450 0 0 0 10369 0 26239 0 521478 0 0 0 JEFF BOONE CEO 73580 0 391286 0 0 0 11142 0 1864 0 477872 0 0 0 DENISE ZBORALSKE CFO/COO 181994 0 32500 0 0 0 6375 0 27858 0 248727 0 0 0 MARK SCHWAN SENIOR VP, SR LOAN OFFICER 112837 0 116332 0 0 0 9192 0 28733 0 267094 0 0 0 PATRICIA GLOBA THRU 822 SENIOR VP, SR LOAN OFFICER 70626 0 78875 0 57375 0 4248 0 21546 0 232670 0 0 0 DENISE POST SENIOR CLOSER 120206 0 36749 0 0 0 0 0 27611 0 184566 0 0 0 JEREMY MEHLER SENIOR VP, SR LOAN OFFICER 107266 0 66377 0 0 0 4463 0 3870 0 181976 0 0 0 DANA LOFGREN CLOSING MANAGER 119299 0 40437 0 0 0 5893 0 2032 0 167661 0 0 0 DIANE BERRY SENIOR UNDERWRITER 120824 0 33108 0 0 0 5452 0 0 0 159384 0 0 0 PART I, LINE 1A THE SIGNIFICANT OTHERS OF EMPLOYEES ARE INVITED TO ATTEND THE ANNUAL STAFF RETREAT AND THE BOARD RETREAT. THE COMPANY PAYS FOR THEIR TRAVEL COSTS. THEY ARE NOT CONSIDERED TAXABLE TO THE RECIPIENTS. THE BUSINESS DEVELOPMENT OFFICERS HAVE MEMBERSHIPS TO A GOLF CLUB FOR BUSINESS PURPOSES. THE MEMBERSHIPS ARE NOT CONSIDERED TAXABLE TO THE RECIPIENT. PART I, LINE 4A PATRICIA GLOBA - SEVERANCE PAYMENT $50,000 PART I, LINE 7 MANAGEMENT ANNUALLY DETERMINES EMPLOYEE BONUSES USING A DEFINED BONUS PLANUSING A MODEL THAT CONNECTS BONUS AMOUNTS TO PERFORMANCE OF THE INDIVIDUAL, TEAM, AND THE ORGANIZATION. A PORTION OF BONUSES ARE DETERMINED ON A DISCRETIONARY BASIS. AMY CARLA DEGUZMAN FAMILY MEMBER OF KEY EMPLOYEES, CARLO AND CRAIG SAMSON 127244 EMPLOYMENT COMPENSATION 0 ANITA BOONE FAMILY MEMBER OF OFFICER, JEFF BOONE 61696 EMPLOYMENT COMPENSATION 0 CARLO SAMSON FAMILY MEMBER OF KEY EMPLOYEE, CRAIG SAMSON 561906 EMPLOYMENT COMPENSATION 0 CRAIG SAMSON FAMILY MEMBER OF KEY EMPLOYEE, CARLO SAMSON 407572 EMPLOYMENT COMPENSATION 0 FORM 990, PART VI, SECTION A, LINE 2 CARLO SAMSON AND CRAIG SAMSON - FAMILY RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CFO/COO AND CEO. THE BOARD REVIEWED AND APPROVED THE FORM 990 BEFOR IT WAS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD OR DELEGATED POWERS SHALL SIGN A STATEMENT ATTESTING TO THE FACT THAT HE/SHE: - HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY. - HAS READ AND UNDERSTANDS THE POLICY. - HAS AGREED TO COMPLY WITH THE POLICY. - UNDERSTANDS THE ORGANIZATION IS A NON-PROFIT CORPORATION AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION, IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. IN CONNECTION WITH AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND DISCLOSE ALL MATERIAL FACTS TO THE SBA, DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD-DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. FOR MATTERS REQUIRING A VOTE, THE INTERESTED PERSON(S) MUST RECUSE THEMSEVLES FROM THE VOTE. REMAINING DIRECTORS AND MEMBERS OF COMMITTEES WITHOUT A FINANCIAL INTEREST WILL VOTE ON THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS MEETS TO REVIEW AND DETERMINE COMPENSATION FOR THE CEO ANNUALLY, USING COMPARABILITY DATA COMPILED BY A THIRD-PARTY INDEPENDENT COMPENSATION CONSULTANT PER SBA REQUIREMENTS. THE MEETING WAS CONTEMPORANEOUSLY DOCUMENTED. THIS PROCESS WAS MOST RECENTLY UNDERTAKEN IN 2022 WITH APPROVAL BY THE FULL BOARD OF DIRECTORS. COMPENSATION FOR THE CFO/COO IS ALSO BASED ON AN ANALYSIS BY A THIRD-PARTY COMPENSATION CONSULTANT. THE SALARY IS APPROVED BY THE CEO AND REVIEWED BY THE BOARD ON AN ANNUAL BASIS. ALL OTHER KEY EMPLOYEE COMPENSATION IS BASED ON INDUSTRY AND MARKET ANALYSIS, APPROVED BY THE CEO AND REVIEWED ANNUALLY BY THE BOARD, PER SBA REQUIREMENTS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC.