Civic Intelligence

Fresno Community Development Financial Institution

990 • Fiscal year 2018 • EIN 26-1177785

Jan 01, 2018 to Dec 31, 2018 • Filed on Oct 01, 2019

1920 Mariposa MallFresno, CA 93721

(559) 263-1030

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

83rd percentile

0.73x

Higher debt load relative to assets than 83% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

94th percentile

5.52x

Higher debt load relative to revenue than 94% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

48th percentile

2.6%

Higher net margin than 48% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

60th percentile

$208,543

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 10.9% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

27th percentile

-3.0%

Faster asset growth than 27% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

68th percentile

12%

Faster revenue growth than 68% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Assets

Down

$14,404,166

Down $451,652 (-3.0%) from 2017

Net Assets

Up

$3,868,492

Up $49,318 (+1.3%) from 2017

Liabilities

Down

$10,535,674

Down $500,970 (-4.5%) from 2017

Revenue

Up

$1,908,234

Up $200,155 (+12%) from 2017

Expenses

Up

$1,858,916

Up $372,426 (+25%) from 2017

Net Income

Down

$49,318

Down $172,271 (-78%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2011: $3,432,718Liabilities 2011: $2,101,473Net Assets 2011: $1,331,2452011Assets 2012: $4,599,983Liabilities 2012: $2,621,999Net Assets 2012: $1,977,9842012Assets 2013: $5,714,054Liabilities 2013: $3,476,350Net Assets 2013: $2,237,7042013Assets 2014: $9,211,921Liabilities 2014: $6,387,491Net Assets 2014: $2,824,4302014Assets 2015: $11,964,178Liabilities 2015: $8,540,595Net Assets 2015: $3,423,5832015Assets 2016: $13,688,639Liabilities 2016: $10,091,054Net Assets 2016: $3,597,5852016Assets 2017: $14,855,818Liabilities 2017: $11,036,644Net Assets 2017: $3,819,1742017Assets 2018: $14,404,166Liabilities 2018: $10,535,674Net Assets 2018: $3,868,4922018Assets 2019: $20,211,926Liabilities 2019: $12,233,022Net Assets 2019: $7,978,9042019Assets 2020: $20,530,095Liabilities 2020: $10,909,240Net Assets 2020: $9,620,8552020Assets 2021: $30,883,005Liabilities 2021: $15,855,022Net Assets 2021: $15,027,9832021Assets 2022: $30,893,281Liabilities 2022: $16,658,887Net Assets 2022: $14,234,3942022Assets 2023: $27,780,738Liabilities 2023: $14,243,136Net Assets 2023: $13,537,6022023Assets 2024: $31,878,188Liabilities 2024: $17,705,247Net Assets 2024: $14,172,9412024

Highlighted filing

2018

Assets$14,404,166
Liabilities$10,535,674
Net Assets$3,868,492

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2011: $456,1412011Expenses 2012: $231,2632012Revenue 2013: $539,292Expenses 2013: $279,572Net Income 2013: $259,7202013Revenue 2014: $1,441,937Expenses 2014: $855,211Net Income 2014: $586,7262014Revenue 2015: $1,464,520Expenses 2015: $865,367Net Income 2015: $599,1532015Revenue 2016: $1,384,131Expenses 2016: $1,210,129Net Income 2016: $174,0022016Revenue 2017: $1,708,079Expenses 2017: $1,486,490Net Income 2017: $221,5892017Revenue 2018: $1,908,234Expenses 2018: $1,858,916Net Income 2018: $49,3182018Revenue 2019: $6,325,595Expenses 2019: $2,215,183Net Income 2019: $4,110,4122019Revenue 2020: $3,907,581Expenses 2020: $2,265,630Net Income 2020: $1,641,9512020Revenue 2021: $9,893,346Expenses 2021: $2,894,699Net Income 2021: $6,998,6472021Revenue 2022: $3,653,075Expenses 2022: $4,446,664Net Income 2022: -$793,5892022Revenue 2023: $4,923,185Expenses 2023: $5,619,977Net Income 2023: -$696,7922023Revenue 2024: $5,853,947Expenses 2024: $5,556,902Net Income 2024: $297,0452024

Highlighted filing

2018

Revenue$1,908,234
Expenses$1,858,916
Net Income$49,318
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 1, 2019
Return Version
2018v3.1
Gross Receipts
$1,908,234
Mission and Program Overview

Mission

As a mission driven small business loan fund, our purpose is to grow businesses and jobs in underserved communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$9,981,175$10,179,940▲ $198,765
Savings and Temporary Cash Investments$3,363,535$3,568,627▲ $205,092
Cash and Non-Interest-Bearing Accounts$1,477,942$385,550▼ $1,092,392
Accounts Receivable$32,256$270,049▲ $237,793
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$14,855,818$14,404,166▼ $451,652
Other Assets Total$910$0▼ $910
Liabilities
Unsecured Notes Loans Payable$6,326,245$5,951,245▼ $375,000
Mortgage Notes Payable Secured by Investment Property$3,434,267$3,095,298▼ $338,969
Deferred Revenue$987,117$1,334,803▲ $347,686
Accounts Payable and Accrued Expenses$289,015$154,328▼ $134,687
Total Liabilities$11,036,644$10,535,674▼ $500,970
Net Assets / Fund Balance
Unrestricted Net Assets$3,819,174$3,868,492▲ $49,318
Total Net Assets Fund Balance$3,819,174$3,868,492▲ $49,318
Total Liabilities and Net Assets / Fund Balance$14,855,818$14,404,166▼ $451,652
Compensation and Service Providers

Board Members and Trustees

NameTitle
Lee Ann EagerPresident
Dorothy ThomasVice President
Angie IsaakDirector
Brian AngusDirector
Charles GarabedianDirector
Elliott BalchDirector
Esmeralda SoriaDirector
Geri Yang-johnsonDirector
Harpreet BaliDirector
Joe DuranDirector
Linda HayesDirector
Maiyer VangDirector
Gilbert LaraAlternate
Kee XiongAlternate
Salam NaliaCEO
Chris WinekSecretary
Catherine RoblesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$234,452
Program Service Revenue
$1,673,782
Investment Income
$0
Other Revenue
$0
All Other Contributions
$215,343
Change in Net Assets
$49,318

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,908,234
Total Revenue per Audited Statements
$1,908,234
Total Revenue per Form 990
$1,908,234
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,008,567
Salaries, Compensation, and Employee Benefits$850,349
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$684,364--$684,364
Other Expenses$134,865$130,239-$130,239
Other Employee Benefits$107,762--$107,762
Interest$99,268--$99,268
Office Expenses$66,491--$66,491
Occupancy$55,006--$55,006
Payroll Taxes$42,973--$42,973
Insurance$41,473--$41,473
Travel$40,204--$40,204
Pension Plan Contributions$15,250--$15,250
All Other Expenses$4,784--$4,784
Total Functional Expenses$1,728,677$130,239$0$1,858,916

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,858,916
Total Expenses per Audited Statements$1,858,916
Total Expenses per Form 990$1,858,916
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Form 990 is reviewed and approved by the chief executive officer, financial officer and commissioners.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Board members will excuse him/herself, or will be asked to excuse him/herself from actions involving conflicts of interest. Annual training is provided on this matter. Training is also provided to staff to assist in identifying conflict of interest situations. Enforcement and training are linked to areas of exposure by program and are handled on a case by case basis.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Wage comparability surveys are completed, by the related entity, at the national and state level. Also, wage studies of like-agencies within the central valley region are performed. Compensation for the chief executive officer of the related entity is approved by the board of directors of the related entity.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Fresno Community Development Financial
EIN
26-1177785
Phone
5592631030
Address
1920 MARIPOSA MALL, FRESNO, CA 93721

Signing Officer

Name
Salam Nalia
Title
CEO
Signed
2019-10-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Salam Nalia
Formed
2008
Legal Domicile
CA
Voting Board Members
15
Independent Board Members
14
Employees
0

Preparer

Firm
Kaku & Mersino Llp
Address
1588 SHAW AVENUE, CLOVIS, CA 93611-7814
Preparer
Thomas J Kaku
Phone
5593247097
Supplemental Narrative

Additional Explanations

Form 990 Part XII, Line 3 - Single Audit Requirement Explanation

As noted in form 990 part xii question 2b, the organization has audited financial statements on both an individual and consolidated basis. The single audit is performed on the consolidated audited financial statements. The organization's ein is reported on the consolidated single audit data collection submission to the omb.

Financial Statement Notes

Part X : FIN48 Footnote

The agency has qualified as a non-profit organization and has been granted tax-exempt status pursuant to internal revenue code section 501(c)(3) and california revenue and taxation code section 23701(d) and is exempt from federal and state of california income taxes.generally accepted accounting principles provides accounting and disclosures guidance about positions taken by an entity in its tax returns that might be uncertain. Management has considered its tax position and believes that all of the positions taken in its federal and state exempt organization tax returns are more likely than not to be sustained upon examination. The agency's returns are subject to examination by federal and state taxing authorities, generally for three years and four years, respectively, after they are filed.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2ALTERNATE
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IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13President
IRS990/Form990PartVIISectionAGrp/TitleTxt14ALTERNATE
IRS990/Form990PartVIISectionAGrp/TitleTxt15Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt16Treasurer
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IRS990/Form990TFiledInd0false
IRS990/FormationYr02008
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IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
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IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01908234
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IRS990/IncludeFIN48FootnoteInd0true
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IRS990/InsuranceGrp/ProgramServicesAmt041473
IRS990/InsuranceGrp/TotalAmt041473
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IRS990/InterestGrp/TotalAmt099268
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IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0AS A MISSION DRIVEN SMALL BUSINESS LOAN FUND, OUR PURPOSE IS TO GROW BUSINESSES AND JOBS IN UNDERSERVED COMMUNITIES.
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03095298
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IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
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IRS990/OfficeExpensesGrp/ProgramServicesAmt066491
IRS990/OfficeExpensesGrp/TotalAmt066491
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt0910
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0107762
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0107762
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSSES
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IRS990/OtherExpensesGrp/Desc2OTHER EXPENSES
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IRS990/OtherExpensesGrp/ProgramServicesAmt0288500
IRS990/OtherExpensesGrp/ProgramServicesAmt1147737
IRS990/OtherExpensesGrp/ProgramServicesAmt2134865
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IRS990/OtherSalariesAndWagesGrp/TotalAmt0684364
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IRS990/OthNotesLoansReceivableNetGrp/EOYAmt010179940
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt042973
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IRS990/PensionPlanContributionsGrp/ProgramServicesAmt015250
IRS990/PensionPlanContributionsGrp/TotalAmt015250
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IRS990/PoliticalCampaignActyInd0false
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IRS990/PrincipalOfficerNm0SALAM NALIA
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
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IRS990/ProgramServiceRevenueGrp/Desc0FEE FOR SERVICE INCOME
IRS990/ProgramServiceRevenueGrp/Desc1INTEREST INCOME
IRS990/ProgramServiceRevenueGrp/Desc2OTHER
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1775998
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt23600
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1775998
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt23600
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IRS990/PYContributionsGrantsAmt0209290
IRS990/PYExcessBenefitTransInd0false
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IRS990/PYOtherExpensesAmt0761846
IRS990/PYProgramServiceRevenueAmt01498789
IRS990/PYRevenuesLessExpensesAmt0221589
IRS990/PYSalariesCompEmpBnftPaidAmt0724644
IRS990/PYTotalExpensesAmt01486490
IRS990/PYTotalRevenueAmt01708079
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IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt049318
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01908234
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03363535
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03568627
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0209290
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0294934
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0757112
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0969372
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02465160
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01673782
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01498789
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01089197
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0707408
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0472565
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt05441741
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$31.9$17.7$14.2$5.85$5.56$0.30
2023Detailed filing. Detailed filing data is available for this year.$27.8$14.2$13.5$4.92$5.62$0.70
2022Detailed filing. Detailed filing data is available for this year.$30.9$16.7$14.2$3.65$4.45$0.79
2021Detailed filing. Detailed filing data is available for this year.$30.9$15.9$15.0$9.89$2.89$7.00
2020Detailed filing. Detailed filing data is available for this year.$20.5$10.9$9.62$3.91$2.27$1.64
2019Detailed filing. Detailed filing data is available for this year.$20.2$12.2$7.98$6.33$2.22$4.11
2018Detailed filing. Detailed filing data is available for this year.$14.4$10.5$3.87$1.91$1.86$0.05
2017Detailed filing. Detailed filing data is available for this year.$14.9$11.0$3.82$1.71$1.49$0.22
2016Detailed filing. Detailed filing data is available for this year.$13.7$10.1$3.60$1.38$1.21$0.17
2015Detailed filing. Detailed filing data is available for this year.$12.0$8.54$3.42$1.46$0.87$0.60
2014Detailed filing. Detailed filing data is available for this year.$9.21$6.39$2.82$1.44$0.86$0.59
2013Detailed filing. Detailed filing data is available for this year.$5.71$3.48$2.24$0.54$0.28$0.26
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.60$2.62$1.98$0.23
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.43$2.10$1.33$0.46