2017-05-12T17:08:19-05:00 2016-09-30 350921680 CROWE HORWATH LLP 400 Capitol Mall Suite 1400 Sacramento CA 958144434 990 2015-10-01 943064064 California Statewide Certified Development Corporation CALI 8003486258 426 D Street Davis CA 95616 Jeff Boone Officer 2017-05-12 true Nicole Bencik P00756195 9164411000 2015 2021-01-29 14:40:06Z Jeff Boone 426 D Street Davis CA 95616 3732971 false X www.calstatewide.com X 1987 CA The Corporation assists businesses to obtain government loans and services those loans for the purpose of promoting urban and rural economic growth. 9 9 19 0 0 0 0 3725406 3508033 187987 208925 21010 16013 3934403 3732971 38588 43998 0 2459210 2817880 0 0 753113 851128 3250911 3713006 683492 19965 7099250 6282844 1907611 1071240 5191639 5211604 THE CORPORATION ASSISTS BUSINESSES TO OBTAIN GOVERNMENT LOANS AND SERVICES THOSE LOANS FOR THE PURPOSE OF PROMOTING URBAN AND RURAL ECONOMIC GROWTH. false false 3110922 43998 3454085 SBA 504 and 7A LOAN PROGRAMS: DURING FYE 9/30/2016, CSCDC WAS RESPONSIBLE FOR PLACEMENT OF 94 SBA 504 LOANS AND 2 SBA 7A LOANS WITHIN ITS OWN PORTFOLIO. ADDITIONALLY, CSCDC SUPPORTED OTHER SBA PROGRAMS THROUGH REFERRALS TO SBA 7A LENDERS, MICRO-LENDING PROGRAMS AND BUSINESS ASSISTANCE PROGRAMS. SINCE INCEPTION, CSCDC HAS PROVIDED OVER $1.4 BILLION IN PROJECT FINANCING TO OVER 2,342 SMALL BUSINESSES, CREATING OR RETAINING 31,000 JOBS. 2174 53948 USDA INTERMEDIARY RELENDING PROGRAM: AS OF 9/30/2016, OVER $6.8 MILLION IN IRP FUNDS HAVE BEEN COMMITTED TO RURAL SMALL BUSINESS THROUGHOUT CALIFORNIA. SINCE THE PROGRAM'S INCEPTION, 53 BUSINESSES IN RURAL CALIFORNIA HAVE BEEN ASSISTED, RESULTING IN THE RETENTION OR CREATION OF 276 JOBS. 3113096 false false false false false false false false false true false false false true true true false false false false false false false false false false true false true false false false false false true true false false false false false false false false false true 31 0 true 19 true false false false false false false X 9 9 true false false false true true false true true false false false true true true true true false false false CA X Jeff Boone 5302972140 426 D Street Davis CA 95616 DON BACKSTROM CHAIRMAN 1.0 X X 1625 0 0 JOHN DIMICHELE VICE CHAIRMAN 1.0 X X 4500 0 0 MARK LEAS TREASURER 1.0 X X 6815 0 0 JOHN LESCROART SECRETARY 1.0 X X 2975 0 0 BARBARA HAYES DIRECTOR 1.0 X 3600 0 0 JIM GARLOCK DIRECTOR 1.0 X 2725 0 0 LAUREL SHOCKLEY DIRECTOR 1.0 X 3275 0 0 ROBERT BRADY DIRECTOR 1.0 X 2550 0 0 LEE SCOTT DIRECTOR 1.0 X 2625 0 0 JEFF BOONE CO-MANAGING DIRECTOR 40.0 X 194004 0 17619 ALEXANDER GLOBA CO-MANAGING DIRECTOR 40.0 X 194004 0 19470 CARLO SAMSON SENIOR LOAN OFFICER 40.0 X 349818 0 25268 Patricia GLOBA SENIOR LOAN OFFICER 40.0 X 178082 0 21661 ALEEN HARMON SENIOR UNDERWRITER 40.0 X 112467 0 14747 JUDITH FLETCHER SENIOR UNDERWRITER 40.0 X 107010 0 4914 HILLARY OLSON LOAN OFFICER 40.0 X 125149 0 22684 1291224 0 126363 6 false true false 0 0 LOAN SERVICING FEES 561000 2414026 2414026 LOAN PACKAGING FEES 561000 1094007 1094007 0 0 0 0 3508033 197974 197974 0 0 10951 0 10951 10951 10951 OTHER INCOME 561000 6203 6203 reduction of loss reserve 561000 9810 9810 0 0 0 0 16013 3732971 3508033 0 224938 43998 43998 0 0 0 0 0 0 929341 929341 0 0 276255 276255 0 0 1087585 1087585 0 165165 165165 0 211048 211048 0 148486 148486 0 0 0 0 0 87724 87724 64850 64850 0 0 0 0 0 0 0 0 0 0 116464 116464 0 0 32331 32331 0 58401 58401 0 49421 49421 0 0 0 0 0 12502 12502 0 60112 60112 0 0 0 0 68340 68340 0 0 2395 2395 0 0 0 0 0 0 86969 86969 0 50649 50649 0 Reduction of Loan Loss Reserve -150000 -150000 0 0 Dues and subscriptions 36189 36189 0 Entertainment 56755 56755 0 0 Environmental Reports 13061 13061 0 0 204965 204965 0 0 3713006 3113096 599910 0 2042901 1315666 2358514 2372396 574451 509351 0 0 513380 533674 59373 35095 2262585 823684 1474353 1438901 0 0 76278 77761 7099250 6282844 645773 502390 711838 168850 550000 400000 1907611 1071240 X 4531274 5041898 660365 169706 5191639 5211604 7099250 6282844 19965 0 X false true X true true true 167737 167737 1768725 550561 1218164 326123 273123 53000 1438901 PCLP Loan Loss Reserve 400000 400000 X 3732971 0 0 3732971 0 0 3732971 3713006 0 0 3713006 0 0 3713006 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The income of the Corporation, except for unrelated business income, if any, is exempt from income taxes under Section 501(c)(4) of the Internal Revenue Code. A similar determination was made by the California Franchise Tax Board under Section 237 of the State Revenue and Taxation Code. The Corporation has accounted for uncertainty in income taxes as required by the Accounting for Uncertainty in Income Taxes topic of the FASB Accounting Standards Codification. The Corporation uses a comprehensive model for recognizing, measuring, presenting and disclosing in the financial statements tax positions taken or expected to be taken on a tax return. A tax position is recognized as a benefit only if it is "more likely than not" that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the 'more likely than not' test, no tax benefit is recorded. The effect of applying this model and the resulting identification of uncertain tax positions, if any, were not considered significant for financial reporting purposes. The Corporation is no longer subject to examination by US federal taxing authorities for years before 2010 and for all state income taxes through 2010. The Corporation does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. The Corporation would recognize interest and penalties related to unrecognized tax benefits in interest and income tax expense, respectively. The Corporation has no amounts accrued for interest or penalties as of September 30, 2016 and 2015. true March of Dimes 1275 Mamaroneck Avenue White Plains NY 10605 131846366 501(c)(3) 9700 General Support The Peoples Vanguard of Davis PO Box 4715 Davis CA 95617 463013126 501(c)(3) 9500 General Support Meristem 9200 Fair Oaks Blvd Fair Oaks CA 95628 471411177 501(c)(3) 10000 General Support 3 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. Charitable donations currently given to approved organizations do not have stipulations as to what the funds should be utilized for. In general, most of the donations are going to support general operations. Thus, no formal monitoring of the grant funds is necessary. If and when a grant is provided for specific purposes, the organization will monitor the use of the grant funds and require a follow up report explaining how the funds were utilized. X true true X X X X false false false false false false false true false JEFF BOONE CO-MANAGING DIRECTOR 169171 0 24833 0 0 0 9919 0 7700 0 211623 0 0 0 ALEXANDER GLOBA CO-MANAGING DIRECTOR 169171 0 24833 0 0 0 11770 0 7700 0 213474 0 0 0 CARLO SAMSON SENIOR LOAN OFFICER 115008 0 234810 0 0 0 18451 0 6817 0 375086 0 0 0 Patricia GLOBA SENIOR LOAN OFFICER 96417 0 81665 0 0 0 8617 0 13044 0 199743 0 0 0 Schedule J, Part I, Line 1a Travel for companions In FY2016, the organization paid for travel expense for spouses of board members to the annual board retreat. Seven individuals received this benefit and it was not included in taxable income. Schedule J, Part I, Line 7 Non-fixed payments The board of directors annually determines a bonus on a discretionary basis, taking into account organization and individual performance. ANITA BOONE WIFE OF CO-MANAGING DIRECTOR 68440 COMPENSATION PAID false PATRICIA GRIFFIN GLOBA WIFE OF CO-MANAGING DIRECTOR 178082 COMPENSATION PAID false Form 990, Part VI, Line 15a Compensation for Other Officers and Key Employees An independent consultant was retained in FY2012 to develop an executive management compensation model proposal that was subsequently approved by the compensation committee. The committee used comparables from similar organizations and all decisions were contemporaneously documented. The compensation committee is made up of independent board members. An executive compensation study began during the 2016 fiscal year and will be complete in fiscal year 2017. Form 990, Part VI, Line 15b Compensation for Other Officers and Key Employees The compensation of key employees is determined by assessing the compensation trends in the market for like roles/positions, and comparison to salary survey/studies from the region and the industry. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons ALEXANDER GLOBA AND PATRICIA GRIFFIN GLOBA - Family relationship, JEFFREY BOONE AND ANITA BOONE - Family relationship Form 990, Part VI, Line 6 Classes of members or stockholders AS A CALIFORNIA DEVELOPMENT CORPORATION AUTHORIZED TO PARTICIPATE IN THE SBA 504 LOAN PROGRAM, THE ORGANIZATION MUST HAVE AT LEAST 25 MEMBERS WHO ACTIVELY SUPPORT ECONOMIC DEVELOPMENT IN THEIR AREA OF OPERATIONS. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body THE CDC MUST HAVE A BOARD OF DIRECTORS WITH AT LEAST NINE (9), BUT NOT MORE THAN TWENTY-FIVE (25) VOTING DIRECTORS. THE BOARD MUST BE ACTIVELY INVOLVED IN ENCOURAGING ECONOMIC DEVELOPMENT IN THE AREA OF OPERATIONS. THE BOARD MUST HAVE DIRECTORS WITH BACKGROUND AND EXPERTISE IN INTERNAL CONTROLS, FINANCIAL RISK MANAGEMENT, COMMERCIAL LENDING, LEGAL ISSUES RELATING TO COMMERCIAL LENDING, AND CORPORATE GOVERNANCE. DIRECTORS MAY BE EITHER CURRENTLY EMPLOYED OR RETIRED. A CDC MUST HAVE AT LEAST ONE VOTING DIRECTOR THAT REPRESENTS THE ECONOMIC, COMMUNITY OR WORKFORCE DEVELOPMENT FIELDS, AND AT LEAST TWO VOTING DIRECTORS THAT REPRESENT THE COMMERCIAL LENDING FIELD. Form 990, Part VI, Line 11b Review of form 990 by governing body The organization's management reviews the Form 990 prior to filing with the IRS. The board receives a copy of the final filed return after it is submitted to the IRS. Form 990, Part VI, Line 12c Conflict of interest policy 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 be given the opportunity to disclose all material facts to the directors and members of committees with governing board-delegated powers considering the proposed transaction or arrangement. No transaction of the organization shall be voidable by reason of the fact that any director or officer of the organization has an interest in the concern with which such transaction is entered into, provided: a) The interest of such officer or director is fully disclosed to the board of directors. b) Such transaction is duly approved by the board of directors not so interested or connected as being in the best interests of the organization. c) Payments to the interested officer or director are reasonable and do not exceed fair market value, the governing board or committee shall determine whether the organization can obtain, with reasonable efforts, a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. d) No interested officer or director may vote or lobby on the matter or be counted in determining the existence of a quorum at the meeting at which such transaction may be authorized. The minutes of meetings at which such votes are taken shall record such disclosure, abstention, and rationale for approval. Form 990, Part VI, Line 19 Required documents available to the public DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.