2025-05-15T15:44:57-05:00 2024-06-30 953001179 WINDES INC PO BOX 87 LONG BEACH CA 908010087 990 2023-07-01 942656048 EL PAJARO COMMUNITY DEVELOPMENT CORPORATION ELPA 8317221224 23 EAST BEACH STREET 209 WATSONVILLE CA 95076 JORGE REGUERIN BOARD CHAIR 8317221224 2025-05-14 1 1 ELEANOR A LIVINGSTON CPA MST P00226461 5624351191 2025-05-14 2023 2025-03-06 01:10:19Z JORGE REGUERIN 23 EAST BEACH STREET 209 WATSONVILLE CA 95076 3487257 0 X WWW.ELPAJAROCDC.ORG X 1979 CA EL PAJARO CDC'S MISSION IS TO PROMOTE EQUAL ACCESS TO ECONOMIC OPPORTUNITIES IN SANTA CRUZ, MONTEREY, AND SAN BENITO COUNTIES. THE PURPOSE OF THE CORPORATION IS TO DEVELOP AND IMPLEMENT COMMUNITY ECONOMIC PROGRAMS. THE CORPORATION PROVIDES ENTREPRENEURIAL OPPORTUNITIES, FINANCIAL PRODUCTS, AND SERVICES TO SUPPORT THE CREATION OF SMALL BUSINESSES, SELF-EMPLOYMENT, AND JOBS FOR LOW-INCOME RESIDENTS. THE CORPORATION SHALL ALSO PROMOTE DEVELOPMENT AND FINANCING OF HOUSING FOR LOW-INCOME RESIDENTS. 9 9 12 9 0 0 1742770 2915979 548758 560057 6381 11221 94902 0 2392811 3487257 0 657881 0 0 773712 979926 0 0 0 1592163 1976105 2365875 3613912 26936 -126655 7229577 6668904 3799278 3365260 3430299 3303644 X EL PAJARO CDC'S MISSION IS TO PROMOTE EQUAL ACCESS TO ECONOMIC OPPORTUNITIES IN SANTA CRUZ, MONTEREY, AND SAN BENITO COUNTIES. THE PURPOSE OF THE CORPORATION IS TO DEVELOP AND IMPLEMENT COMMUNITY ECONOMIC PROGRAMS. THE CORPORATION PROVIDES ENTREPRENEURIAL OPPORTUNITIES, FINANCIAL PRODUCTS, AND SERVICES TO SUPPORT THE CREATION OF SMALL BUSINESSES, SELF-EMPLOYMENT, AND JOBS FOR LOW-INCOME RESIDENTS. THE CORPORATION SHALL ALSO PROMOTE DEVELOPMENT AND FINANCING OF HOUSING FOR LOW-INCOME RESIDENTS. 0 0 3007374 657881 560057 FISCAL YEAR 2023-2024: WE HAVE CONTINUED TO SUPPORT LOCAL SMALL BUSINESSES WITH LONG-TERM RECOVERY IN THE AFTERMATH OF COVID19. WE HAVE WORKED ON BUSINESS RECOVERY EFFORTS FOR THOSE AFFECTED BY RECENT FLOODING AND WEATHER-RELATED EVENTS IN THE PAJARO AND SALINAS VALLEYS. DURING THE PAST YEAR, THERE WAS CONTINUED DEMAND FOR OUR EMPRESARI@ CORE BUSINESS CLASS AND FOR OTHER BUSINESS DEVELOPMENT SERVICES AND TRAINING. OUR EL PAJARO REGIONAL WOMEN'S BUSINESS CENTER (WBC) CONTINUES TO OFFER SERVICES IN THE SANTA CRUZ, MONTEREY AND SAN BENITO COUNTIES OFFERING SERVICES IN 3 OFFICES THAT INCLUDE, WATSONVILLE, THE CITY OF SALINAS, AND THE CITY OF SOLEDAD LOCATED IN THE SOUTHERNMOST RURAL PART OF MONTEREY COUNTY. THE WBC IS A PROGRAM SPONSORED IN PART BY THE U.S. SMALL BUSINESS ADMINISTRATION (SBA). THESE CENTERS ARE DESIGNED TO ASSIST WOMEN AND OTHER UNDERSERVED BUSINESS OWNERS IN STARTING AND GROWING SMALL BUSINESSES. IT IS PART OF A NATIONAL NETWORK OF ENTREPRENEURSHIP CENTERS THROUGHOUT THE UNITED STATES AND ITS TERRITORIES. WOMEN'S BUSINESS CENTERS SEEK TO "LEVEL THE PLAYING FIELD" FOR WOMEN ENTREPRENEURS, WHO STILL FACE UNIQUE OBSTACLES IN THE BUSINESS WORLD. EL PAJARO CDC CONTINUES TO FOCUS ON UNDERSERVED ENTREPRENEURS AND RURAL BASED BUSINESSES. DURING FISCAL YEAR 2023-2024, WE PROVIDED BUSINESS DEVELOPMENT SERVICES TO 803 CURRENT AND PROSPECTIVE ENTREPRENEURS. AMONG THEM, 365 PARTICIPATED IN TRAINING, AND 754 RECEIVED INDIVIDUAL BUSINESS ADVICE. EL PAJARO CDC HAS CONTINUED ITS LENDING PROGRAM PROVIDING MICROLOANS TO OUR SMALL BUSINESS CLIENTS WITH LIMITED ACCESS TO TRADITIONAL LENDING OPPORTUNITIES. THESE LOANS COME WITH ACCESS TO OUR TECHNICAL ASSISTANCE, FOLLOW-UP COUNSELING, CREDIT TRAINING, AND OTHER BUSINESS SUPPORT SERVICES. WE CONTINUE WORKING ON PREPARING A SECOND APPLICATION FOR CERTIFICATION AS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI). THIS CERTIFICATION WILL ENHANCE OUR ABILITY TO INCREASE LOAN FUNDS AND THEIR AVAILABILITY OF LOANS TO THE COMMUNITY. THE EL PAJARO CDC LOAN PROGRAM AIMS TO FILL A PERSISTENT GAP IN MAINSTREAM CAPITAL ACCESS FOR UNDERSERVED BUSINESSES. THE LOAN PROGRAM COMPLEMENTS EXISTING PROGRAMS AND FOCUSES ON LOAN READINESS TO ENABLE CAPITAL ACCESS. WE SUPPORT PROSPECTIVE BUSINESS BORROWERS WHO MAY FACE BARRIERS TO MAINSTREAM CAPITAL ACCESS BECAUSE OF PERCEPTIONS OF RISK, SMALL LOAN REQUESTS, AND STRICT UNDERWRITING CRITERIA. IN FISCAL YEAR 2024, 21 LOANS TOTALING $715,000 WERE MADE USING FUNDS FROM HHSOCS COMMUNITY ECONOMIC DEVELOPMENT, COMMUNITY FOUNDATION FOR MONTEREY COUNTY FOUNDATION, NALCAB, EMPLOYMENT DEVELOPMENT DEPARTMENT OF THE STATE OF CALIFORNIA, AND EL PAJARO CDC'S INTERNAL LOAN FUND. LOAN TERMS RANGE FROM 12 MONTHS TO FIVE YEARS, WITH INTEREST RATES RANGING FROM 0% TO 5.75%. FLEXIBLE UNDERWRITING CRITERIA AND THE USE OF ALTERNATIVE COLLATERAL ALLOW ECONOMICALLY DISADVANTAGED BUSINESSES TO QUALIFY FOR FINANCING. EXTENDED TERMS AND LOW INTEREST RATES CONTRIBUTE TO THE AFFORDABILITY OF PAYMENTS. EL PAJARO CDC CONTINUES TO OFFER A RURAL BUSINESS LOAN AT 0% INTEREST THROUGH A COLLABORATION WITH NALCAB AND HUD. WE LOOK FORWARD TO CONTINUING TO INCREASE OUR LENDING DURING 2025. EL PAJARO CDC'S TEAM CONTINUES THE CHILDCARE BUSINESS CREATION AND EXPANSION PROGRAM WHICH INCLUDES THE CHILDCARE INDUSTRY TRAINING AND GRANTS PROGRAM. WHEN PARTICIPANTS COMPLETE THE PROGRAM, THEY ARE ELIGIBLE TO RECEIVE A GRANT THAT SUPPORTS THE CREATION OR EXPANSION OF THEIR BUSINESS. EL PAJARO CDC'S COMMERCIAL KITCHEN INCUBATOR (CKI) HAS BEEN SERVING TRICOUNTY ENTREPRENEURS FOR MORE THAN TEN YEARS AND CURRENTLY HAS 35 SMALL FOOD BUSINESSES OPERATING IN THE FACILITY, WITH 3 NEW ENTREPRENEURS IN THE LICENSING PROCESS. THIS PROGRAM SUPPORTS FOOD ENTREPRENEURS OPERATING AT THE FACILITY AND OTHER FOOD BASED BUSINESSES. THIS INCLUDED THE CONTINUATION OF A HOW TO START A FOOD BUSINESS TRAINING PROGRAM. 3007374 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 20 0 1 12 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X CARMEN HERRERA-MANSIR 8317221224 23 EAST BEACH STREET 209 WATSONVILLE CA 95076 JORGE REGUERIN CHAIR 6.00 X X 0 0 0 ANA LUISA CORTEZ VICE-CHAIR 2.00 X X 0 0 0 JUNE PADILLA PONCE SECRETARY 2.00 X X 0 0 0 BRAD BARBEAU TREASURER 2.00 X X 0 0 0 DORI INDA DIRECTOR 2.00 X 0 0 0 EDUARDO CERVANTES DIRECTOR 2.00 X 0 0 0 ROSA SANCHEZ DURAN DIRECTOR 2.00 X 0 0 0 HEIDI PICKMNAN DIRECTOR 2.00 X 0 0 0 GUADALUPE ZEPEDA DIRECTOR 2.00 X 0 0 0 CARMEN HERRERA-MANSIR EXECUTIVE DIRECTOR 40.00 X 127124 0 27933 127124 0 27933 1 0 1 0 YOUR PART-TIME CONTROLLER 1600 MARKET ST PHILADELPHIA PA 19102 ACCOUNTING/CONSULTING 150014 1 1913418 1002561 2915979 BUILDING USE INCOME 611430 440296 440296 PROPERTY MANAGEMENT 531310 75000 75000 FINANCING INCOME 522200 23408 23408 PROGRAM SERVICES 531310 21353 21353 560057 11221 11221 3487257 560057 0 11221 X 123800 123800 534081 534081 156727 146154 10573 642590 599237 43353 6107 5695 412 114875 107124 7751 59627 55604 4023 6153 3640 2513 192896 114124 78772 501614 429480 72134 3869 3192 677 68478 30704 37774 60813 41479 19334 164484 153984 10500 46743 14031 32712 135186 105113 30073 189724 189724 16385 1871 14514 BAD DEBT EXPENSE 246043 226089 19954 LOAN FORGIVENESS 174170 174170 REPAIRS AND MAINTENANCE 96478 96478 DUES AND SUBSCRIPTIONS 43433 21969 21464 29636 19355 10281 3613912 3007374 606538 0 2160148 665817 0 536253 457516 706781 160620 122962 772165 1127751 13968 24097 6295535 2810379 3665071 3485156 89 87 7229577 6668904 313727 269053 623960 326250 2800191 2769957 61400 0 3799278 3365260 X 2458228 2650256 972071 653388 3430299 3303644 7229577 6668904 -126655 0 X 0 1 X 1 0 X 640761 1259230 2444826 1742770 2915979 9003566 640761 1259230 2444826 1742770 2915979 9003566 9003566 14 44 101 6381 11221 17761 253 73962 27907 94902 197024 9218351 2518162 0.97670 0.97120 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2019 AMOUNT: $ 253. 2020 AMOUNT: $ 73,962. 2021 AMOUNT: $ 27,907. 2022 AMOUNT: $ 94,902. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 453087 453087 4388156 2038377 2349779 930646 420222 510424 523646 351780 171866 3485156 X 3487257 0 3487257 0 3487257 3613912 0 3613912 0 3613912 PART X, LINE 2: EPCDC IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND CALIFORNIA INCOME TAXES UNDER SECTION 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE. THE INTERNAL REVENUE SERVICE CLASSIFIED EPCDC AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE CODE. EPCDC ADOPTED FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ASC SECTION 740-10, INCOME TAXES, WHICH PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN AND REQUIRES THAT AN ORGANIZATION RECOGNIZE IN THE FINANCIAL STATEMENTS THE IMPACT OF THE TAX POSITION IF THAT TAX POSITION WILL MORE LIKELY THAN NOT BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. AS OF AND FOR THE YEAR ENDED JUNE 30, 2024, EPCDC HAS NO MATERIAL UNRECOGNIZED TAX BENEFITS, TAX PENALTIES, OR INTEREST. EPCDC IS SUBJECT TO POTENTIAL TAX AUDITS ON OPEN TAX YEARS BY ANY TAXING JURISDICTION IN WHICH IT OPERATES. THE STATUTE OF LIMITATIONS FOR FEDERAL PURPOSES IS THREE YEARS AND FOR CALIFORNIA IS FOUR YEARS. 0 EL LUGARCITO 128 BROADWAY ST KING CITY CA 93930 770377064 10000 0 COVID BUSINESS SUPPORT EL SINALOENSE 128 BROADWAY ST KING CITY CA 93930 770377064 10000 0 COVID BUSINESS SUPPORT ANITA'S DAYCARE 1679 SEVILLE ST SALINAS CA 93906 934076024 5500 0 COVID BUSINESS SUPPORT ANA RODRIGUEZ 528 ROOSEVELT ST APT C SALINAS CA 93905 611852121 5500 0 COVID BUSINESS SUPPORT CHILDREN'S GARDEN 1060 OAK CREEK DR HOLLISTER CA 95023 752991947 5500 0 COVID BUSINESS SUPPORT CHAVELITA'S CHILD CARE 1460 EL CERRO DR HOLLISTER CA 95023 470866283 5500 0 COVID BUSINESS SUPPORT CRECIENDO JUNTOS 968 NANTUCKET BLVD APT 103 SALINAS CA 93906 372004433 5500 0 COVID BUSINESS SUPPORT EMMA'S DAY CARE 381 PROMISE WAY HOLLISTER CA 95023 384228811 5500 0 COVID BUSINESS SUPPORT CLAUDIA FAMILY DAYCARE 810 VISTA MONTANA DR 206 WATSONVILLE CA 95076 991640558 5500 0 COVID BUSINESS SUPPORT GUGA'S DAY CARE 232 ANGELUS DR SALINAS CA 93906 352690939 5500 0 COVID BUSINESS SUPPORT JUGANDO APRENDEMOS 255 E BOLIVAR ST 239 SALINAS CA 93906 933289660 5500 0 COVID BUSINESS SUPPORT LILIA SANTA 321 BRUCE AVE SALINAS CA 93901 922274204 5500 0 COVID BUSINESS SUPPORT MAGALY AVILES DAYCARE 1111 SIENNA WAY SALINAS CA 93905 824466356 5500 0 COVID BUSINESS SUPPORT MARIA SOLEDAD DEYSI PENA NAVA 135 SERRANO PLACE SOLEDAD CA 93960 992279514 5500 0 COVID BUSINESS SUPPORT NOAH'S ARK CHILDCARE 1921 SYCAMORE CT HOLLISTER CA 98023 461965533 5500 0 COVID BUSINESS SUPPORT GROWING KIND IN-HOME CHILDCARE 16291 APRICOT LN ROYAL OAKS CA 95076 992045152 5500 0 COVID BUSINESS SUPPORT 16 GRANTS TO INDIVIDUALS 101 534081 X X 0 0 0 0 0 0 0 0 0 CARMEN HERRERA-MANSIR EXECUTIVE DIRECTOR 127124 0 0 0 0 0 5606 0 22327 0 155057 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE FINANCE COMMITTEE AND THE MANAGEMENT STAFF INCLUDING THE EXECUTIVE DIRECTOR AND OUR CONSULTING CPA. ONCE THE STAFF AND THE FINANCE COMMITTEE HAVE APPROVED THE 990, THE SECOND LEVEL OF REVIEW IS CONDUCTED BY THE BOARD OF DIRECTORS WHICH INCLUDES THE TREASURER. THIS REVIEW IS CONDUCTED IN ADVANCE OF SUBMISSION OF THE 990 TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REVIEWS AND APPROVES ALL SIGNIFICANT TRANSACTIONS AND INCLUDES A REVIEW OF CONFLICTS OF INTEREST. ANY LINKS OF BOARD MEMBERS OR KEY EMPLOYEES TO FINANCIAL TRANSACTIONS ARE DISCUSSED AT THE BOARD LEVEL. IF A REAL CONFLICT OF INTEREST IS IDENTIFIED, THAT BOARD OR STAFF MEMBER WOULD IDENTIFY THEIR INTEREST AND RECUSE THEMSELVES FROM ANY DECISION-MAKING PROCESS. AS NOTED, OFFICERS AND BOARD MEMBERS ARE REQUIRED ANNUALLY, TO DISCLOSE ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE EXECUTIVE DIRECTOR IS SET BY THE BOARD OF DIRECTORS. THE PROCESS BEGINS WITH AN ANNUAL EVALUATION OF THE EXECUTIVE DIRECTORS BY THE BOARD OF DIRECTORS. THE BOARD SECURES AND REVIEWS CURRENT SALARY AND COMPENSATION DATA FOR THE NONPROFIT SECTOR FROM AT LEAST TWO SOURCES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ALL GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC COPIES OF ARTICLES OF INCORPORATION, BY-LAWS, IRS CONFIRMATION OF 501C3 STATUS, EMPLOYEE MANUALS, BOARD AGENDAS AND MINUTES, BOARD RESOLUTIONS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE FOR REVIEW AND INSPECTION AT THE ORGANIZATION'S OFFICES. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 6,444. MANAGEMENT AND GENERAL EXPENSES 4,448. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,892. CONTRACT SEVICES: PROGRAM SERVICE EXPENSES 423,036. MANAGEMENT AND GENERAL EXPENSES 67,686. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 490,722.