CDC SMALL BUSINESS FINANCE CORP: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- CDC SMALL BUSINESS FINANCE CORP (EIN 95-3512045)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-10-10
- IRS object ID
- 202342839349301764
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-10-10T14:58:02-05:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 521711839 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COUNCILOR BUCHANAN & MITCHELL PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7910 WOODMONT AVE STE 500 | AddressLine1Txt |
| City | BETHESDA | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 20814 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 953512045 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CDC SMALL BUSINESS FINANCE CORPORATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CDCS | BusinessNameControlTxt |
| Phone | 7036472360 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2448 HISTORIC DECATUR ROAD 200 | AddressLine1Txt |
| City | SAN DIEGO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 92106 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | NATALIE GUNN | PersonNm |
| Person Title | CHIEF FINANCIAL OFFICER | PersonTitleTxt |
| Phone | 7036472360 | PhoneNum |
| Signature | 2023-09-23 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | NATALIE | PersonFirstNm |
| Person Last | GUNN | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | RICHARD E MORRIS | PreparerPersonNm |
| PTIN | P00190795 | PTIN |
| Phone | 3019860600 | PhoneNum |
| Preparation | 2023-09-23 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 0 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | NATALIE GUNN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2448 HISTORIC DECATUR ROAD 200 | AddressLine1Txt |
| City | SAN DIEGO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 92106 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $51,598,372 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.CDCLOANS.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1978 | FormationYr |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Activity Or Mission | TO CHAMPION THE GROWTH OF DIVERSE SMALL COMPANIES IN OUR COMMUNITIES BY DRAWING ON OUR UNPARALLELED EXPERTISE IN DELIVERING UNIQUE CAPITAL SOLUTIONS. WE EXCEED THE EXPECTATIONS OF OUR PARTNERS THROUGH TEAMWORK, INTEGRITY, AND CREATIVITY. WE MAKE A DIFFERENCE IN THE COMMUNITIES WE SERVE THROUGH UNWAVERING ADVOCACY AND REINVESTMENT. | ActivityOrMissionDesc |
| Voting Members Governing Body | 16 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 14 | VotingMembersIndependentCnt |
| Total Employee | 179 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | -$131,116 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $738,955 | PYContributionsGrantsAmt |
| CY Contributions Grants | $2,034,162 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $23,666,619 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $17,942,183 | CYProgramServiceRevenueAmt |
| PY Investment Income | $7,034,951 | PYInvestmentIncomeAmt |
| CY Investment Income | $5,541,221 | CYInvestmentIncomeAmt |
| PY Other Revenue | $297,987 | PYOtherRevenueAmt |
| CY Other Revenue | $1,348,060 | CYOtherRevenueAmt |
| PY Total Revenue | $31,738,512 | PYTotalRevenueAmt |
| CY Total Revenue | $26,865,626 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $22,555,778 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $19,887,718 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $2,469,534 | PYOtherExpensesAmt |
| CY Other Expenses | $8,321,462 | CYOtherExpensesAmt |
| PY Total Expenses | $25,025,312 | PYTotalExpensesAmt |
| CY Total Expenses | $28,209,180 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $6,713,200 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$1,343,554 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $123,395,668 | TotalAssetsBOYAmt |
| Total Assets EOY | $92,661,741 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $57,740,847 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $28,350,474 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $65,654,821 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $64,311,267 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | SEE SCHEDULE O | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $16,083,618 | ExpenseAmt |
| Revenue | $17,996,055 | RevenueAmt |
| Desc | SBA SECTION 504 LOAN PROGRAM: CDC'S PRIMARY SOURCE OF REVENUE IS THE SERVICING AND PROCESSING OF THE SMALL BUSINESS ADMINISTRATION'S ("SBA") 504 LOAN PROGRAMS. THE 504 LOAN PROGRAM PROVIDES LONG-TERM, FIXED RATE FINANCING FOR MAJOR FIXED ASSETS THAT PROMOTE BUSINESS GROWTH AND JOB CREATION. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $5,267,684 | ExpenseAmt |
| Revenue | $8,915,604 | RevenueAmt |
| Desc | COMMUNITY LOAN PROGRAMS: CDC ORIGINATES, SERVICES, AND SELLS LOANS GUARANTEED BY THE SBA UNDER ITS COMMUNITY ADVANTAGE 7A PROGRAM. THESE LOANS ARE USED BY THE BORROWERS FOR A VARIETY OF PURPOSES AND ARE CAPPED AT $350,000 PER LOAN. CDC ALSO ADMINISTERS SEVERAL LENDING PROGRAMS INCLUDING THE SBA MICROLOAN PROGRAM, A STATE SPONSORED COMMUNITY ADJUSTMENT AND INVESTMENT LOAN PROGRAM, LA DIRECT AND FAST TO FUND, CALIFORNIA REBUILDING FUND, AND ACTIVATE DETROIT, ALL OF WHICH ARE DESIGNED TO PROVIDE LOANS TO SMALL BUSINESSES. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $21,351,302 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 80 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 179 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 16 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 14 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NATALIE GUNN CO CDC SMALL BUSINESS FINANCE CORPORATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7036472360 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1400 CRYSTAL DRIVE SUITE 500 | AddressLine1Txt |
| City | ARLINGTON | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22202 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (36 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| ELLIS CARR | |||||||||
| PRESIDENT & CEO | 20.00 | 20.00 | Yes (X) | Yes (X) | $0 | $693,114 | $36,067 | ||
| KURT CHILCOTT | |||||||||
| DIRECTOR/CONSULTANT | 7.00 | 7.00 | Yes (X) | $0 | $322,500 | $0 | |||
| ALAINA BEVERLY | |||||||||
| DIRECTOR | 1.00 | 1.00 | Yes (X) | $0 | $5,000 | $0 | |||
| GAIL MARKULIN | |||||||||
| DIRECTOR | 1.00 | 1.00 | Yes (X) | $0 | $5,000 | $0 | |||
| PEDRO GOITIA | |||||||||
| DIRECTOR | 1.00 | 1.00 | Yes (X) | $0 | $5,000 | $0 | |||
| L RAY MONCRIEF | |||||||||
| DIRECTOR | 1.00 | 1.00 | Yes (X) | $0 | $3,750 | $0 | |||
| DAN VARNER | |||||||||
| DIRECTOR | 1.00 | 1.00 | Yes (X) | $0 | $5,000 | $0 | |||
| ERIK CALDWELL | |||||||||
| DIRECTOR | 1.00 | 1.00 | Yes (X) | $0 | $5,000 | $0 | |||
| FRANK ROBINSON | |||||||||
| DIRECTOR | 1.00 | 1.00 | Yes (X) | $0 | $3,750 | $0 | |||
| TOM TOPUZES | |||||||||
| DIRECTOR | 1.00 | 1.00 | Yes (X) | $0 | $5,000 | $0 | |||
| LAUREN TYLOR ORION | |||||||||
| DIRECTOR | 1.00 | 1.00 | Yes (X) | $0 | $5,000 | $0 | |||
| GARY CUNNINGHAM | |||||||||
| DIRECTOR | 1.00 | 1.00 | Yes (X) | $0 | $2,500 | $0 | |||
| OSWALDO ACOSTA | |||||||||
| DIRECTOR | 1.00 | 1.00 | Yes (X) | $0 | $5,000 | $0 | |||
| GRACE CHIONUMA | |||||||||
| DIRECTOR | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| RICK BENITO | |||||||||
| DIRECTOR | 1.00 | 1.00 | Yes (X) | $0 | $3,750 | $0 | |||
| SHERYL CAMERON | |||||||||
| DIRECTOR | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| JENNIFER SMITH DOLIN | |||||||||
| DIRECTOR | 1.00 | 1.00 | Yes (X) | $0 | $5,000 | $0 | |||
| CASEY FANNON | |||||||||
| DIRECTOR | 1.00 | 1.00 | Yes (X) | $0 | $3,750 | $0 | |||
| KIM BUTTEMER | |||||||||
| CHIEF OPERATIONS OFFICER - OUTGOING | 40.00 | Yes (X) | $456,847 | $0 | $2,083 | ||||
| ROBERT VILLARREAL | |||||||||
| CHIEF EXTERNAL AFFAIRS OFFICER | 40.00 | 0.00 | Yes (X) | $279,517 | $0 | $25,318 | |||
| MICHAEL OWEN | |||||||||
| CHIEF CREDIT OFFICER EMERITUS | 40.00 | Yes (X) | $240,473 | $0 | $1,100 | ||||
| NATALIE GUNN | |||||||||
| CHIEF FINANCIAL OFFICER | 20.00 | 20.00 | Yes (X) | $0 | $396,827 | $31,617 | |||
| JARET DINARD INGS | |||||||||
| SENIOR DIRECTOR OF FINANCE | 20.00 | 20.00 | Yes (X) | $0 | $240,861 | $66,790 | |||
| KIM DORSETT | |||||||||
| CHIEF HUMAN RESOURCE OFFICER | 20.00 | 20.00 | Yes (X) | $0 | $276,554 | $74,668 | |||
| BRIAN MCEVOY | |||||||||
| GENERAL COUNSEL | 20.00 | 20.00 | Yes (X) | $0 | $316,032 | $77,933 | |||
| MATTHEW WEHLAND | |||||||||
| CHIEF OPERATING OFFICER | 20.00 | 20.00 | Yes (X) | $0 | $247,773 | $40,734 | |||
| KARLA GILL | |||||||||
| CHIEF TECHNOLOGY OFFICER | 20.00 | 20.00 | Yes (X) | $0 | $109,321 | $8,347 | |||
| LAKISHA GANT | |||||||||
| VP 504 LOAN OPERATIONS | 40.00 | $258,086 | $0 | $18,458 | Yes (X) | ||||
| ERIN HEBERT | |||||||||
| HEAD OF OPERATIONS | 40.00 | $243,018 | $0 | $28,934 | Yes (X) | ||||
| SHELLI HAYMAN | |||||||||
| VP OF PRODUCTION SMART GROWTH BUSINESS PRODUCTS | 40.00 | $207,110 | $0 | $26,322 | Yes (X) | ||||
| ANTHONY BARENGO | |||||||||
| SVP OF CREDIT | 40.00 | $200,682 | $0 | $19,122 | Yes (X) | ||||
| DEAN ALOE | |||||||||
| VICE PRESIDENT, SENIOR COMMERCIAL LENDER | 40.00 | $776,069 | $0 | $39,048 | Yes (X) | ||||
| ARMEN MADATYAN | |||||||||
| SENIOR VICE PRESIDENT, BUSINESS DEVELOPMENT | 40.00 | $516,894 | $0 | $31,878 | Yes (X) | ||||
| CHRIS BANE | |||||||||
| VICE PRESIDENT, SENIOR COMMERCIAL LENDER | 40.00 | $470,321 | $0 | $45,312 | Yes (X) | ||||
| MICHAEL SARTHOU | |||||||||
| VICE PRESIDENT, SENIOR COMMERCIAL LENDER | 40.00 | $300,819 | $0 | $50,549 | Yes (X) | ||||
| MERRI ADAMS | |||||||||
| VICE PRESIDENT, SENIOR COMMERCIAL LENDER | 40.00 | $300,048 | $0 | $14,600 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $4,249,884 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $2,665,482 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $638,880 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 65 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| TODD E KOBERNICK | |||||
| 2448 HISTORIC DECATUR RD SUITE 220 | SAN DIEGO | CA | 92106 | LEGAL SERVICES | $911,250 |
| MLAN | |||||
| 3960 W POINT LOMA BLVD H162 | SAN DIEGO | CA | 92106 | IT SERVICES | $419,770 |
| KURT CHILCOTT | |||||
| 5066 CLIFF PLACE | SAN DIEGO | CA | 92116 | RETIREMENT DISBURSEMENTS | $310,562 |
| CAMELBACK LAW OFFICES | |||||
| 829 MAIN STREET SUITE A | KERRVILLE | TX | 78028 | LEGAL SERVICES | $185,800 |
| COHN REZNICK | |||||
| 14 SYLVAN WAY 3RD FLOOR | PARSIPPANY | NJ | 07054 | AUDIT AND TAX PREP | $106,422 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $2,034,162 | AllOtherContributionsAmt |
| Total Contributions | $2,034,162 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| SERVICING FEES | 522220 | $9,985,552 | $9,985,552 |
| PROCESSING FEES | 522220 | $6,385,843 | $6,385,843 |
| CLOSING FEES | 522220 | $1,032,996 | $1,032,996 |
| PACKAGING FEES | 522220 | $537,792 | $537,792 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $17,942,183 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,292,892 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $3,236,765 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $56,127 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $236,754 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $419,400 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -$182,646 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$182,646 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$131,116 | UnrelatedBusinessRevenueAmt |
| Exclusion | -$51,530 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $26,561,675 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $24,313,346 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,248,329 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,248,329 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,248,329 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| SBA FLOAT | 522220 | $873,216 | $873,216 |
| REVENUE REIMBURSEMENT | 522220 | $377,313 | $377,313 |
| BAD DEBT RECOVERY | 900099 | $134,151 | $134,151 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $146,026 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $146,026 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,530,706 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $26,865,626 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $24,957,983 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | -$131,116 | UnrelatedBusinessRevenueAmt |
| Exclusion | $4,597 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,007,070 | TotalAmt |
| Program Services | $1,548,140 | ProgramServicesAmt |
| Management And General | $458,930 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,708,925 | TotalAmt |
| Program Services | $11,926,277 | ProgramServicesAmt |
| Management And General | $1,782,648 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $845,052 | TotalAmt |
| Program Services | $701,193 | ProgramServicesAmt |
| Management And General | $143,859 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,052,313 | TotalAmt |
| Program Services | $1,386,823 | ProgramServicesAmt |
| Management And General | $665,490 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,274,358 | TotalAmt |
| Program Services | $1,054,681 | ProgramServicesAmt |
| Management And General | $219,677 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,078,887 | TotalAmt |
| Program Services | $988,414 | ProgramServicesAmt |
| Management And General | $90,473 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $406,170 | TotalAmt |
| Program Services | $343,803 | ProgramServicesAmt |
| Management And General | $62,367 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,974 | TotalAmt |
| Management And General | $13,974 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $825,045 | TotalAmt |
| Program Services | $45,886 | ProgramServicesAmt |
| Management And General | $779,159 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $315,762 | TotalAmt |
| Program Services | $117,285 | ProgramServicesAmt |
| Management And General | $198,477 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,167,166 | TotalAmt |
| Program Services | $484,721 | ProgramServicesAmt |
| Management And General | $682,445 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $334,348 | TotalAmt |
| Program Services | $334,348 | ProgramServicesAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $357,006 | TotalAmt |
| Program Services | $289,158 | ProgramServicesAmt |
| Management And General | $67,848 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $536,148 | TotalAmt |
| Program Services | $428,687 | ProgramServicesAmt |
| Management And General | $107,461 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $498,025 | TotalAmt |
| Program Services | $4,438 | ProgramServicesAmt |
| Management And General | $493,587 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $167,807 | TotalAmt |
| Program Services | $98,377 | ProgramServicesAmt |
| Management And General | $69,430 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| LENDING COST | $1,464,633 | $574,657 | $889,976 |
| PROVISION FOR LOAN LOSS | $824,628 | $824,628 | |
| PROPERTY TAXES | $172,083 | $172,083 | |
| DUES & MEMBERSHIPS | $159,780 | $27,703 | $132,077 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $28,209,180 | TotalAmt |
| Program Services | $21,351,302 | ProgramServicesAmt |
| Management And General | $6,857,878 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,581,745 | BOYAmt |
| EOY | $8,447,817 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,134,280 | BOYAmt |
| EOY | $10,781,802 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,930,780 | BOYAmt |
| EOY | $5,768,767 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $72,720,456 | BOYAmt |
| EOY | $54,525,556 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,235,772 | BOYAmt |
| EOY | $2,233,186 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $13,351,823 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $6,428,842 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,601,716 | BOYAmt |
| EOY | $6,922,981 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,395,924 | BOYAmt |
| EOY | $2,435,389 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,794,995 | BOYAmt |
| EOY | $1,546,243 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $123,395,668 | BOYAmt |
| EOY | $92,661,741 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,238,071 | BOYAmt |
| EOY | $4,815,471 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $153,272 | BOYAmt |
| EOY | $429,894 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $50,159,736 | BOYAmt |
| EOY | $20,867,225 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,189,768 | BOYAmt |
| EOY | $2,237,884 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $57,740,847 | BOYAmt |
| EOY | $28,350,474 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $60,138,672 | BOYAmt |
| EOY | $58,781,909 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,516,149 | BOYAmt |
| EOY | $5,529,358 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $65,654,821 | BOYAmt |
| EOY | $64,311,267 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $123,395,668 | BOYAmt |
| EOY | $92,661,741 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$1,343,554 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $30,250 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus1 Year | $738,955 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,034,162 | CurrentTaxYearAmt |
| Total | $2,803,367 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $20,782,652 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $22,503,672 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $6,932,403 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $24,127,172 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $24,957,983 | CurrentTaxYearAmt |
| Total | $99,303,882 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $20,812,902 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $22,503,672 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $6,932,403 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $24,866,127 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $26,992,145 | CurrentTaxYearAmt |
| Total | $102,107,249 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Substantial Contributors Amt SubstantialContributorsAmtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $102,107,249 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $528,618 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $548,986 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $53,588 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $5,444,626 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,597 | CurrentTaxYearAmt |
| Total | $6,580,415 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $528,618 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $548,986 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $53,588 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $5,444,626 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,597 | CurrentTaxYearAmt |
| Total | $6,580,415 | TotalAmt |
Net Income From Other UBI NetIncomeFromOtherUBIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | -$131,116 | CurrentTaxYearAmt |
| Total | -$131,116 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $21,341,520 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $23,052,658 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $6,985,991 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $30,310,753 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $26,865,626 | CurrentTaxYearAmt |
| Total | $108,556,548 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.94060 | PublicSupportCY509Pct |
| Public Support PY509 | 0.93030 | PublicSupportPY509Pct |
| Investment Income CY | 0.06060 | InvestmentIncomeCYPct |
| Investment Income PY | 0.06970 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART III, COLUMN (C) 2020 | FormAndLineReferenceDesc |
| Explanation | THE AMOUNTS IN THIS COLUMN REPRESENT A SHORT YEAR FROM 10/01/2020 THROUGH 12/31/2020. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,300,000 | OtherCostOrOtherBasisAmt |
| Book Value | $2,300,000 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,953,093 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,484,747 | DepreciationAmt |
| Book Value | $3,468,346 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $79,438 | OtherCostOrOtherBasisAmt |
| Depreciation | $77,835 | DepreciationAmt |
| Book Value | $1,603 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,007,791 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,859,689 | DepreciationAmt |
| Book Value | $1,148,102 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $11,501 | OtherCostOrOtherBasisAmt |
| Depreciation | $6,571 | DepreciationAmt |
| Book Value | $4,930 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $6,922,981 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| DEFERRED DEPOSITS | $1,101,325 |
| DUE TO CIP | $292,846 |
| TENANTS RESERVE REFUNDABLE DEPOSITS | $12,620 |
| LEASE LIABILITY | $831,093 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $2,237,884 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION ELECTED TO CHANGE ITS EXEMPT STATUS FROM SECTION 501(C)(4) TO 501(C)(3) ON NOVEMBER 24, 2020. THE ORGANIZATION IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701(F) OF THE CALIFORNIA REVENUE AND TAXATION CODE. CDC HAS A WHOLLY OWNED INTEREST IN SAN DIEGO REGION SMALL BUSINESS DEVELOPMENT ORGANIZATION, AN ORGANIZATION EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701(F) OF THE CALIFORNIA REVENUE AND TAXATION CODE. CDC ALSO HAS A CONTROLLING INTEREST IN BANKERS, CDC VENTURES, AND CDC DIRECT CAPITAL, WHICH ARE WHOLLY OWNED FOR PROFIT CORPORATIONS. THE ORGANIZATION HAS NO UNRECOGNIZED TAX BENEFITS AT DECEMBER 31, 2022. BANKERS, CDC DIRECT CAPITAL, AND CDC VENTURES DID NOT HAVE ANY TAXABLE INCOME DURING THE YEAR, AND ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE. FEDERAL AND STATE INCOME TAX RETURNS FOR FISCAL YEARS 2021, 2020, AND 2019 REMAIN OPEN. MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2022, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENT. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (19 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DEAN ALOE | ||||||||||||||
| VICE PRESIDENT, SENIOR COMMERCIAL LE | $135,541 | $0 | $640,528 | $0 | $0 | $0 | $14,600 | $0 | $24,448 | $0 | $815,117 | $0 | $0 | $0 |
| ELLIS CARR | ||||||||||||||
| PRESIDENT & CEO | $0 | $693,114 | $0 | $0 | $0 | $0 | $0 | $36,067 | $0 | $0 | $0 | $729,181 | $0 | $0 |
| ARMEN MADATYAN | ||||||||||||||
| SENIOR VICE PRESIDENT, BUSINESS DEVE | $178,541 | $0 | $338,353 | $0 | $0 | $0 | $11,350 | $0 | $20,528 | $0 | $548,772 | $0 | $0 | $0 |
| CHRIS BANE | ||||||||||||||
| VICE PRESIDENT, SENIOR COMMERCIAL LE | $91,435 | $0 | $378,886 | $0 | $0 | $0 | $10,863 | $0 | $34,449 | $0 | $515,633 | $0 | $0 | $0 |
| KIM BUTTEMER | ||||||||||||||
| CHIEF OPERATIONS OFFICER - OUTGOING | $437,990 | $0 | $18,857 | $0 | $0 | $0 | $2,083 | $0 | $0 | $0 | $458,930 | $0 | $0 | $0 |
| NATALIE GUNN | ||||||||||||||
| CHIEF FINANCIAL OFFICER | $0 | $396,827 | $0 | $0 | $0 | $0 | $0 | $29,987 | $0 | $1,630 | $0 | $428,444 | $0 | $0 |
| BRIAN MCEVOY | ||||||||||||||
| GENERAL COUNSEL | $0 | $316,032 | $0 | $0 | $0 | $0 | $0 | $28,065 | $0 | $49,868 | $0 | $393,965 | $0 | $0 |
| MICHAEL SARTHOU | ||||||||||||||
| VICE PRESIDENT, SENIOR COMMERCIAL LE | $102,456 | $0 | $198,363 | $0 | $0 | $0 | $16,100 | $0 | $34,449 | $0 | $351,368 | $0 | $0 | $0 |
| KIM DORSETT | ||||||||||||||
| CHIEF HUMAN RESOURCE OFFICER | $0 | $276,554 | $0 | $0 | $0 | $0 | $0 | $24,800 | $0 | $49,868 | $0 | $351,222 | $0 | $0 |
| KURT CHILCOTT | ||||||||||||||
| DIRECTOR/CONSULTANT | $0 | $0 | $0 | $0 | $0 | $322,500 | $0 | $0 | $0 | $0 | $0 | $322,500 | $0 | $0 |
| MERRI ADAMS | ||||||||||||||
| VICE PRESIDENT, SENIOR COMMERCIAL LE | $101,685 | $0 | $198,363 | $0 | $0 | $0 | $14,600 | $0 | $0 | $0 | $314,648 | $0 | $0 | $0 |
| JARET DINARD INGS | ||||||||||||||
| SENIOR DIRECTOR OF FINANCE | $0 | $240,861 | $0 | $0 | $0 | $0 | $0 | $28,725 | $0 | $38,065 | $0 | $307,651 | $0 | $0 |
| ROBERT VILLARREAL | ||||||||||||||
| CHIEF EXTERNAL AFFAIRS OFFICER | $264,937 | $0 | $14,580 | $0 | $0 | $0 | $17,000 | $0 | $8,318 | $0 | $304,835 | $0 | $0 | $0 |
| MATTHEW WEHLAND | ||||||||||||||
| CHIEF OPERATING OFFICER | $0 | $247,773 | $0 | $0 | $0 | $0 | $0 | $24,299 | $0 | $16,435 | $0 | $288,507 | $0 | $0 |
| LAKISHA GANT | ||||||||||||||
| VP 504 LOAN OPERATIONS | $214,166 | $0 | $43,920 | $0 | $0 | $0 | $3,486 | $0 | $14,972 | $0 | $276,544 | $0 | $0 | $0 |
| ERIN HEBERT | ||||||||||||||
| HEAD OF OPERATIONS | $203,220 | $0 | $39,798 | $0 | $0 | $0 | $14,600 | $0 | $14,334 | $0 | $271,952 | $0 | $0 | $0 |
| MICHAEL OWEN | ||||||||||||||
| CHIEF CREDIT OFFICER EMERITUS | $240,473 | $0 | $0 | $0 | $0 | $0 | $1,100 | $0 | $0 | $0 | $241,573 | $0 | $0 | $0 |
| SHELLI HAYMAN | ||||||||||||||
| VP OF PRODUCTION SMART GROWTH BUSINE | $180,965 | $0 | $26,145 | $0 | $0 | $0 | $11,350 | $0 | $14,972 | $0 | $233,432 | $0 | $0 | $0 |
| ANTHONY BARENGO | ||||||||||||||
| SVP OF CREDIT | $166,182 | $0 | $34,500 | $0 | $0 | $0 | $10,804 | $0 | $8,318 | $0 | $219,804 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 7 | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION SETS OVERARCHING CORPORATE STRATEGIC PERFORMANCE GOALS AND KEY METRICS FOR THE YEAR THAT ARE APPROVED BY THE BOARD OF DIRECTORS. INDIVIDUALS THEN DEVELOP INDIVIDUAL PERFORMANCE GOALS AS APPLICABLE, LEVERAGING AND TYING INTO THE CORPORATE GOALS. THE BOARD OF DIRECTORS APPROVES A TOTAL BONUS POOL TO BE ALLOCATED AMONGST EMPLOYEES AT THE DISCRETION OF MANAGEMENT IN CONCERT WITH EVALUATIONS OF PERFORMANCE PER EMPLOYEE PERFORMANCE GOALS. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART III, LINE 1 | TO CHAMPION THE GROWTH OF DIVERSE SMALL COMPANIES IN OUR COMMUNITIES BY DRAWING ON OUR UNPARALLELED EXPERTISE IN DELIVERING UNIQUE CAPITAL SOLUTIONS. WE EXCEED THE EXPECTATIONS OF OUR PARTNERS THROUGH TEAMWORK, INTEGRITY, AND CREATIVITY. WE MAKE A DIFFERENCE IN THE COMMUNITIES WE SERVE THROUGH UNWAVERING ADVOCACY AND REINVESTMENT. |
| FORM 990, PART VI, SECTION A, LINE 1A | THE ORGANIZATION HAS AN EXECUTIVE COMMITTEE. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE CHAIR OF THE AUDIT COMMITTEE REVIEWS THE FORM 990 WITH CDC SMALL BUSINESS FINANCE'S CHIEF FINANCIAL OFFICER, CONTROLLER AND TAX PREPARER BEFORE IT IS SUBMITTED TO THE AUDIT COMMITTEE. THE AUDIT COMMITTEE THEN INDEPENDENTLY REVIEWS THE FORM 990 PRIOR TO FILING. THE CHAIR OF THE AUDIT COMMITTEE REPORTS ON THE PROCESS AND FINDINGS OF THE AUDIT COMMITTEE AT THE NEXT REGULARLY SCHEDULED MEETING OF THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE GENERAL COUNSEL AND THE ETHICS OFFICIAL DESIGNATED IN THE CODE OF CONDUCT AND ETHICS POLICY JOINTLY EVALUATE ALL CONFLICTS OF WHICH THEY BECOME AWARE AND SUBMIT SUCH CONFLICTS FOR RESOLUTION TO THE BOARD'S AUDIT COMMITTEE, IF NECESSARY. MINUTES REFLECTING ALL MEETINGS HELD AND ACTIONS TAKEN BY THE AUDIT COMMITTEE, INCLUDING WITH RESPECT TO CONFLICTS MATTERS, ARE INCLUDED IN THE CORPORATE RECORD BOOK. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE BOARD OF DIRECTORS HAS DELEGATED THE RESPONSIBILITY FOR REVIEWING AND MAKING RECOMMENDATIONS WITH RESPECT TO EXECUTIVE COMPENSATION TO ITS EXECUTIVE COMMITTEE (THE "EXECUTIVE COMMITTEE"), PURSUANT TO THE BOARD AND COMMITTEE RETAINED AUTHORITY AND DELEGATION OF AUTHORITY TO MANAGEMENT AND THE EXECUTIVE COMMITTEE CHARTER. THE EXECUTIVE COMMITTEE REVIEWS THE COMPENSATION OF THE EXECUTIVE OFFICERS OF CDC SMALL BUSINESS FINANCE; THE EXECUTIVE COMMITTEE THEN REPORTS ITS PROCESS, FINDINGS, AND RECOMMENDATIONS TO THE BOARD OF DIRECTORS FOR INDEPENDENT REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS. THE PROCESS INCLUDES MAKING THE PROCESS OF COLLECTING AND REVIEWING MARKET DATA FOR THE PRESIDENT AND CHIEF EXECUTIVE OFFICER AND THE REST OF THE EXECUTIVE MANAGEMENT TEAM; PERIODICALLY ENGAGING INDEPENDENT CONSULTANTS TO PERFORM INDEPENDENT MARKET ANALYSIS; EVALUATING THE PERFORMANCE OF THE PRESIDENT AND CHIEF EXECUTIVE OFFICER; AND RECOMMENDING ANNUAL EXECUTIVE-LEVEL COMPENSATION AND INCENTIVES (IF ANY) TO THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST AT THE CORPORATE OFFICE. |
| FORM 990, PART VII, SECTION A | KURT CHILCOTT IS PROVIDED COMPENSATION FOR CONSULTING SERVICES PROVIDED TO CDC AND CIP. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd | Direct Controlling NADirectControllingNACd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SAN DIEGO REGION SMALL BUSINESS DEVELOPMENT | |||||||||||
| 2448 HISTORIC DECATUR RD 200 | SAN DIEGO | CA | 92106 | 330845173 | PROVIDE ECONOMIC DEVELOPMENT TO SMALL BUSINESS IN SAN DIEGO | CA | 501(C)(3) | LINE 7 | CDC SMALL BUSINESS FINANCE CORP | Yes (1) | |
| CAPITAL IMPACT PARTNERS | |||||||||||
| 1400 CRYSTAL DRIVE 500 | ARLINGTON | VA | 22202 | 521290127 | COMMUNITY LENDING AND DEVELOPMENT | DC | 501(C)(3) | LINE 7 | 0 | N/A | |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| CDC VENTURES | ||||||||||
| 2448 HISTORIC DECATUR RD 200 | SAN DIEGO | CA | 92106 | 330918531 | SOFTWARE | CA | CDC SMALL BUSINESS FINANCE CORP | C | 1.00000 | Yes (1) |
| CDC DIRECT CAPITAL | ||||||||||
| 2448 HISTORIC DECATUR RD 200 | SAN DIEGO | CA | 92106 | 201904046 | COMMERCIAL FINANCE | CA | CDC SMALL BUSINESS FINANCE CORP | C | 1.00000 | Yes (1) |
| BANKERS SMALL BUSINESS COMMUNITY DEVELOPMENT CORPORATION OF CALIFORNIA | ||||||||||
| 2448 HISTORIC DECATUR RD 200 | SAN DIEGO | CA | 92106 | 330517722 | FINANCE | CA | CDC SMALL BUSINESS FINANCE CORP | C | 1.00000 | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (1) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (4 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| CDC VENTURES | ||
| P | $2,850,000 | CASH |
| CDC DIRECT CAPITAL | ||
| P | $1,400,000 | CASH |
| CDC VENTURES | ||
| D | $1,397,753 | CASH |
| CDC DIRECT CAPITAL | ||
| D | $614,034 | CASH |