2014-08-12T12:00:10-05:00 2013-09-30 CROWE HORWATH LLP 400 CAPITOL MALL SUITE 1400 SACRAMENTO CA 958144434 990 2012-10-01 943064064 CALIFORNIA STATEWIDE CERTIFIED DEVELOPMENT CORPORATION CALI 8003486258 426 D STREET DAVIS CA 95616 JEFF BOONE 2014-08-07 true Kristin Ficker P01254056 9164411000 2012 2015-11-30 17:44:51Z JEFF BOONE 426 D STREET DAVIS CA 95616 3869126 false X WWW.CSCDC.ORG 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. 8 8 20 8 0 0 0 0 3194992 3529430 183265 299896 4220 39800 3382477 3869126 28314 59673 0 0 2217406 2838750 0 0 0 719029 1058742 2964749 3957165 417728 -88039 7621053 7542935 3119610 2899631 4501443 4643304 THE CORPORATION ASSISTS BUSINESSES TO OBTAIN GOVERNMENT LOANS AND SERVICES THOSE LOANS FOR THE PURPOSE OF PROMOTING URBAN AND RURAL ECONOMIC GROWTH. false false 3336034 59673 3565063 SBA 504 LOAN PROGRAM: DURING FYE 9/30/2013, CSCDC WAS RESPONSIBLE FOR PLACEMENT OF 131 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 $3.2 BILLION IN PROJECT FINANCING TO OVER 2,025 SMALL BUSINESSES, CREATING OR RETAINING OVER 17,000 JOBS. 1951 4167 USDA INTERMEDIARY RELENDING PROGRAM: AS OF 9/30/2013, 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. 3337985 false 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 false true false false false false false false false false false false true 18 0 true 20 true false false false false false false X 8 8 true false false false true true false true true false false false true true true true true true false false CA X JEFF BOONE 5302972140 426 D STREET DAVIS CA 95616 DON BACKSTROM 1.00 X X 0 0 0 JOHN DIMICHELE 1.00 X X 0 0 0 JOHN LESCROART 1.00 X X 0 0 0 MARK LEAS 1.00 X X 5310 0 0 SUSAN BROWN 1.00 X X 0 0 0 JIM GARLOCK 1.00 X 0 0 0 LAUREL SHOCKLEY 1.00 X 0 0 0 LEE ALLEN SCOTT 1.00 X 0 0 0 ROBERT BRADY 1.00 X 0 0 0 ALEXANDER GLOBA 40.00 X 205894 0 14263 JEFF BOONE 40.00 X 205894 0 15596 CHRIS KELLEHER 40.00 X 110177 0 6524 JUDY FLETCHER 40.00 X 108047 0 9434 KAREN GOODELL 40.00 X 116723 0 29168 PATRICIA GRIFFIN GLOBA 40.00 X 274717 0 37454 STELLA CHAN 40.00 X 141681 0 19795 1168443 0 132234 7 false true false 0 0 LOAN SERVICING FEES 561000 2205594 2205594 LOAN PACKAGING FEES 561000 1323836 1323836 0 0 0 0 0 0 0 3529430 299896 299896 0 0 0 0 0 0 0 0 0 0 0 OTHER INCOME 561000 39800 39800 0 0 0 0 0 0 39800 3869126 3569230 0 299896 59673 59673 0 0 0 411788 411788 0 1935194 1935194 114246 114246 224180 224180 153342 153342 0 142204 142204 62421 62421 0 0 0 163455 163455 0 0 62517 42430 20087 88511 735 87776 42861 42861 0 107244 107244 95142 95142 0 70157 70157 8289 8289 0 79553 79553 28148 28148 DUES AND SUBSCRIPTIONS 37748 37748 ENTERTAINMENT 20486 20486 ENVIRONMENTAL REPORTS 25660 25660 EDUCATION AND TRAINING 5401 5401 18945 18945 0 0 3957165 3337985 619180 0 0 1211392 1202914 2755571 2985253 619169 577558 0 0 1345545 993348 25808 17698 2260368 630706 1560451 1629662 0 0 0 0 103117 136502 7621053 7542935 500977 565696 0 903139 840005 1715494 1493930 3119610 2899631 X 3885735 3999263 615708 644041 4501443 4643304 7621053 7542935 X -88039 229900 X false true X true true true 167737 167737 1464396 270433 1193963 201247 113585 87662 347313 246688 100625 79675 79675 1629662 0 PCLP LOAN LOSS RESERVE 1493930 1493930 X 4099026 229900 229900 3869126 0 0 3869126 3957165 0 0 3957165 0 0 3957165 FIN 48 (ASC 740) footnote Schedule D, Part X, Line 2 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 2008 AND FOR ALL STATE INCOME TAXES THROUGH 2008. 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, 2013 AND 2012. Other revenues in audited financial statements not in form 990 Schedule D, Part XI, Line 2d REDUCTION TO LOAN LOSS RESERVE - 200000; REDUCTION TO LOSS RESERVE ON NOTES RECEIVABLE - 29900; true 0 0 Procedures for monitoring use of grant funds Schedule I, Part I, Line 2 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 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 DURING FY13, NO ONE GRANT RECIPIENT RECEIVED GREATER THAN $5,000. X true true X X X false false false false false false false true false JEFF BOONE 160000 0 45894 0 0 0 11854 0 3742 0 221490 0 0 0 ALEXANDER GLOBA 160000 0 45894 0 0 0 10521 0 3742 0 220157 0 0 0 PATRICIA GRIFFIN GLOBA 96417 0 178300 0 0 0 14352 0 23102 0 312171 0 0 0 STELLA CHAN 122089 0 19592 0 0 0 8446 0 11349 0 161476 0 0 0 Travel for companions Schedule J, Part I, Line 1a IN FY2013, THE ORGANIZATION PAID FOR TRAVEL EXPENSE FOR SPOUSES OF BOARD MEMBERS TO THE ANNUAL BOARD RETREAT. EIGHT INDIVIDUALS RECEIVED THIS BENEFIT AND IT WAS NOT INCLUDED IN TAXABLE INCOME. Non-fixed payments Schedule J, Part I, Line 7 THE BOARD OF DIRECTOR DIRECTORS ANNUALLY DETERMINES A BONUS ON A DISCRETIONARY BASIS, TAKING INTO ACCOUNT ORGANIZATION AND INDIVIDUAL PERFORMANCE. ANITA BOONE WIFE OF CO-MANAGING DIRECTOR 58256 COMPENSATION PAID false PATRICIA GRIFFIN GLOBA WIFE OF CO-MANAGING DIRECTOR 274717 COMPENSATION PAID false Family/business relationships amongst interested persons Form 990, Part VI, Section A, Line 2 ALEXANDER GLOBA AND PATRICIA GRIFFIN GLOBA - FAMILY RELATIONSHIP, JEFFREY BOONE AND ANITA BOONE - FAMILY RELATIONSHIP Classes of members or stockholders Form 990, Part VI, Section A, Line 6 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. Members or stockholders electing members of governing body Form 990, Part VI, Section A, Line 7a 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. Review of form 990 by governing body Form 990, Part VI, Section B, Line 11b THE ORGANIZATION'S MANAGEMENT REVIEWS THE FORM 990 PRIOR TO FILING WITH THE IRS BUT THE BOARD DOES NOT REVIEW THE RETURN. THE BOARD DOES RECEIVE A COPY OF THE FINAL FILED RETURN. Conflict of interest policy Form 990, Part VI, Section B, Line 12c CONFLICTS ARE REVIEWED BY THE BOARD OR MANAGEMENT WHEN THEY ARE DISCLOSED. Process used to establish compensation of top management official Form 990, Part VI, Section B, Line 15a AN INDEPENDENT CONSULTANT WAS RETAINED IN FY2012 TO DEVELOP AN EXECUTIVE MANAGEMENT COMPENSATION MODEL PROPOSAL THAT WAS SUBSEQUENTLY APPROVED BY THE COMPENSATION COMMITTEE. THE COMPENSATION COMMITTEE IS MADE UP OF INDEPENDENT BOARD MEMBERS. COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES FORM 990, PART VI, LINE 15B THERE ARE NO KEY EMPLOYEES OR OTHER OFFICERS OF THE ORGANIZATION SO THIS QUESTION HAS BEEN INTENTIONALLY MARKED 'NO'. Governing documents, conflict of interest policy and financial statements available to the public Form 990, Part VI, Section C, Line 19 DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. Other changes in net assets or fund balances Form 990 , Part XI, Line 9 REDUCTION TO LOAN LOSS RESERVE - 200000; REDUCTION TO LOSS RESERVE ON NOTES RECEIVABLE - 29900;