2016-08-04T17:00:10-05:00 2015-09-30 350921680 CROWE HORWATH LLP 400 Capitol Mall Suite 1400 Sacramento CA 958144434 990 2014-10-01 943064064 CALIFORNIA STATEWIDE CERTIFIED DEVELOPMENT CORPORATION CALI 8003486258 426 D Street Davis CA 95616 Jeff Boone Officer 2016-08-04 true Nicole Bencik P00756195 9164411000 2014 2016-12-15 16:53:06Z Jeff Boone 426 D Street Davis CA 95616 3934403 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 22 0 0 0 0 0 3288954 3725406 201380 187987 32148 21010 3522482 3934403 63230 38588 0 0 2918639 2459210 0 0 0 675770 753113 3657639 3250911 -135157 683492 6708939 7099250 2200792 1907611 4508147 5191639 THE CORPORATION assists BUSINESSES TO OBTAIN GOVERNMENT LOANS AND SERVICES THOSE LOANS FOR THE PURPOSE OF PROMOTING URBAN AND RURAL ECONOMIC GROWTH. false false 2106415 38588 3742194 SBA 504 LOAN PROGRAM: DURING FYE 9/30/2015, CSCDC WAS RESPONSIBLE FOR PLACEMENT OF 111 SBA 504 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 $3.84 BILLION IN PROJECT FINANCING TO OVER 2,264 SMALL BUSINESSES, CREATING OR RETAINING 27,818 JOBS. 1607 4222 USDA INTERMEDIARY RELENDING PROGRAM: AS OF 9/30/2015, 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. 2108022 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 30 0 true 22 true false false false false false false X 9 9 true false true 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 1.00 X X 3950 0 0 JOHN DIMICHELE VICE CHAIRMAN 1.00 X X 3725 0 0 JOHN LESCROART SECRETARY 1.00 X X 0 0 0 MARK LEAS TREASURER 1.00 X X 4995 0 0 BARBARA HAYES DIRECTOR 1.00 X 0 0 0 JIM GARLOCK DIRECTOR 1.00 X 3800 0 0 LAUREL SHOCKLEY DIRECTOR 1.00 X 2800 0 0 ROBERT BRADY DIRECTOR 1.00 X 4075 0 0 LEE SCOTT DIRECTOR 1.00 X 3475 0 0 JEFF BOONE CO-MANAGING DIRECTOR 40.00 X 192502 0 16607 ALEXANDER GLOBA CO-MANAGING DIRECTOR 40.00 X 192502 0 16325 PATRICIA GLOBA SENIOR LOAN OFFICER 40.00 X 263390 0 41917 CARLO SAMSON SENIOR LOAN OFFICER 40.00 X 185086 0 38770 STELLA CHAN CREDIT MANAGER 40.00 X 133307 0 14618 CHRIS KELLEHER BUSINESS DEVELOPMENT OFFICER 40.00 X 124067 0 15406 JEREMY SALAMERA BUSINESS DEVELOPMENT OFFICER 40.00 X 124290 0 24517 Aleen D Harmon Senior Underwriter 40.00 X 113407 0 20538 Judith S Fletcher Senior Underwriter 35.00 X 111262 0 9156 1466633 0 197854 9 false true false 0 0 LOAN SERVICING FEES 561000 2404215 2404215 LOAN PACKAGING FEES 561000 1321191 1321191 0 0 0 0 3725406 187987 187987 0 0 0 0 OTHER INCOME 561000 21010 21010 0 0 0 0 21010 3934403 3746416 0 187987 38588 38588 1137458 653880 483578 395354 395354 708927 708927 27934 27934 69435 69435 120102 120102 107862 107862 67100 67100 63589 63589 0 0 47252 47252 54024 54024 33185 33185 9693 9693 56978 56978 67178 67178 7548 7548 93443 93443 38799 38799 Reduction of Loan Loss Reserve -178735 -178735 Dues and subscriptions 31372 31372 Entertainment 47775 47775 Environmental Reports 25708 25708 180342 72979 107363 0 3250911 2108022 1142889 0 1502243 2042901 2298098 2358514 514076 574451 0 0 0 743844 513380 20773 59373 2300667 826314 1550571 1474353 0 0 79334 76278 6708939 7099250 652042 645773 0 776241 711838 772509 550000 2200792 1907611 X 3855915 4531274 652232 660365 4508147 5191639 6708939 7099250 683492 0 X false true X true true true 167737 167737 1468420 343687 1124733 293667 153408 140259 370843 329219 41624 1474353 PCLP Loan Loss Reserve 550000 550000 X 3934403 0 0 3934403 0 0 3934403 3250911 0 0 3250911 0 0 3250911 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 2009 and for all state income taxes through 2009. 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, 2015 and 2014. true March of Dimes 1275 Mamaroneck Avenue White Plains NY 10605 131846366 501(c)(3) 6400 General support The Peoples Vanguard of Davis PO Box 4715 Davis CA 95617 463013126 501(c)(3) 7500 General support 2 0 Schedule I, Part I, Line 2 Description Of Procedure 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. 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 150002 0 42500 0 0 0 15587 0 1020 0 209109 0 0 0 ALEXANDER GLOBA CO-MANAGING DIRECTOR 150002 0 42500 0 0 0 15587 0 738 0 208827 0 0 0 PATRICIA GLOBA SENIOR LOAN OFFICER 96417 0 166973 0 0 0 18779 0 23138 0 305307 0 0 0 CARLO SAMSON SENIOR LOAN OFFICER 115000 0 70086 0 0 0 20800 0 17970 0 223856 0 0 0 Schedule J, Part I, Line 1a Travel for companions In FY2015, 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 93826 COMPENSATION PAID false PATRICIA GRIFFIN GLOBA WIFE OF CO-MANAGING DIRECTOR 305307 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 2015 fiscal year and will be complete in fiscal year 2016. 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 4 Significant changes to organizational documents The organization was required to make significant changes to our corporate bylaws as the result of changes to the federal regulations related to the SBA programs and all Certified Development Companies (CDCs). These changes were made effective April 21, 2015 and included: * The elimination of mandatory membership; * Increase CDC Board size; * Guidance on quorums; * Expansion of guidance on board oversight of operations, expenditures and reporting; * Clarification of for-profit CDC compliance requirements; * Clarification of prohibition of CDC affiliation with other CDCs; * Clarification that CDCs may not invest in SBICs after November 6, 2003; and * Revision of Annual Report requirements. 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 A CDC MUST HAVE 25 MEMBERS WHO ACTIVELY SUPPORT ECONOMIC DEVELOPMENT IN THEIR AREA OF OPERATIONS. MEMBERS ARE RESPONSIBLE FOR ELECTING THE BOARD OF DIRECTORS OF THE CDC. THE MEMBERS MUST REPRESENT THE FOLLOWING FOUR MEMBERSHIP GROUPS: (I) GOVERNMENT ORGANIZATIONS, (II) FINANCIAL INSTITUTIONS, (III) Community Organizations SUCH AS Chambers of Commerce Foundations, TRADE ASSOCIATIONS, COLLEGES, UNIVERSITIES, OR SMALL BUSINESS DEVELOPMENT (IV) BUSINESSES IN THE AREA OF OPERATIONS. 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.