Civic Intelligence

So Cal CDC

990 • Fiscal year 2017 • EIN 27-2790053

Oct 01, 2016 to Sep 30, 2017 • Filed on Mar 30, 2018

15455 San Fernando Mission No C200Mission Hills, CA 91345

(818) 638-7001

Siviq Scores

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

Liabilities / Assets

36th percentile

0.01x

Higher debt load relative to assets than 36% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

32nd percentile

0.00x

Higher debt load relative to revenue than 32% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

42nd percentile

0.9%

Higher net margin than 42% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

45th percentile

1.4%

Faster asset growth than 45% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

50th percentile

4.5%

Faster revenue growth than 50% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Up

$503,467

Up $7,010 (+1.4%) from 2016

Net Assets

Up

$499,765

Up $6,826 (+1.4%) from 2016

Liabilities

Up

$3,702

Up $184 (+5.2%) from 2016

Revenue

Up

$795,892

Up $34,630 (+4.5%) from 2016

Expenses

Up

$789,066

Up $128,209 (+19%) from 2016

Net Income

Down

$6,826

Down $93,579 (-93%) from 2016

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2016: $496,457Liabilities 2016: $3,518Net Assets 2016: $492,9392016Assets 2017: $503,467Liabilities 2017: $3,702Net Assets 2017: $499,7652017Assets 2018: $520,781Liabilities 2018: $18,787Net Assets 2018: $501,9942018Assets 2019: $698,924Liabilities 2019: $39,088Net Assets 2019: $659,8362019Assets 2020: $635,841Liabilities 2020: $150,287Net Assets 2020: $485,5542020Assets 2021: $477,307Liabilities 2021: $119,218Net Assets 2021: $358,0892021Assets 2022: $452,313Liabilities 2022: $47,279Net Assets 2022: $405,0342022Assets 2023: $315,232Liabilities 2023: $16,322Net Assets 2023: $298,9102023Assets 2024: $220,300Liabilities 2024: $7,351Net Assets 2024: $212,9492024

Highlighted filing

2017

Assets$503,467
Liabilities$3,702
Net Assets$499,765

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2016: $761,262Expenses 2016: $660,857Net Income 2016: $100,4052016Revenue 2017: $795,892Expenses 2017: $789,066Net Income 2017: $6,8262017Revenue 2018: $868,909Expenses 2018: $866,680Net Income 2018: $2,2292018Revenue 2019: $1,287,420Expenses 2019: $1,129,578Net Income 2019: $157,8422019Revenue 2020: $1,155,095Expenses 2020: $1,329,377Net Income 2020: -$174,2822020Revenue 2021: $1,159,114Expenses 2021: $1,286,579Net Income 2021: -$127,4652021Revenue 2022: $1,265,649Expenses 2022: $1,218,704Net Income 2022: $46,9452022Revenue 2023: $1,336,189Expenses 2023: $1,442,313Net Income 2023: -$106,1242023Revenue 2024: $1,106,550Expenses 2024: $1,192,511Net Income 2024: -$85,9612024

Highlighted filing

2017

Revenue$795,892
Expenses$789,066
Net Income$6,826
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Mar 30, 2018
Return Version
2016v3.0
Gross Receipts
$795,892
Mission and Program Overview

Mission

So cal cdc is a certified development company with the united states small business administration. The organization specializes in below market, fixed rate financing for commercial and industrial projects through the sba 504 loan programs. So cal cdc assists small businesses to receive the opportunity of financing their expansion projects with attractive rates and terms. The financing can be used for the purchase and/or development of land and building for owner occupied business purposes.

So cal cdc is a certified development company with the u.s. Small business administration. The organization specializes in below market, fixed rate financing for commercial and industrial projects through the sba 504 loan program. So cal cdc assists small businesses to receive the opportunity of financing their expansion projects with attractive rates and terms. The financing can be used for the purchase and/or development of land and building for business purposes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$382,786$356,627▼ $26,159
Cash and Non-Interest-Bearing Accounts$110,526$141,859▲ $31,333
Land, Buildings, and Equipment, Net$3,145$4,981▲ $1,836
Total Assets$496,457$503,467▲ $7,010
Liabilities
Accounts Payable and Accrued Expenses$3,518$3,702▲ $184
Total Liabilities$3,518$3,702▲ $184
Net Assets / Fund Balance
Unrestricted Net Assets$492,939$499,765▲ $6,826
Total Net Assets Fund Balance$492,939$499,765▲ $6,826
Total Liabilities and Net Assets / Fund Balance$496,457$503,467▲ $7,010

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$4,981$5,268$10,249
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Silverio RobledoPresidentFT$158,338$158,338
Paola MacchiavelloSecretaryFT$125,530$125,530

Board Members and Trustees

NameTitle
Oscar MonteagudoChairman
Alex EbkarianDirector
Cynthia MendozaDirector
Leticia NavarroDirector
Martin RodriguezDirector
Max OrdonezDirector
Roy JassoDirector
Scott WenrichDirector
Oscar NoveloTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$795,839
Investment Income
$53
Other Revenue
$0
Change in Net Assets
$6,826

Audited Revenue Reconciliation

Revenue per Audited Statements
$795,892
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$795,892
Total Revenue per Form 990
$795,892
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$574,439
Other Expenses$214,627
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$516,995$57,444-$574,439
Occupancy$35,418$3,935-$39,353
Travel$24,329--$24,329
Fees for Services Other$23,432$313-$23,745
Office Expenses$14,196$2,079-$16,275
All Other Expenses$14,344$1,576-$15,920
Other Expenses$9,058$1,333-$9,058
Fees for Services Accounting-$6,243-$6,243
Advertising$3,136--$3,136
Depreciation Depletion-$1,664-$1,664
Interest-$218-$218
Total Functional Expenses$702,530$86,536$0$789,066

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$789,066
Total Expenses per Audited Statements$789,066
Total Expenses per Form 990$789,066
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Officers of the company review the return prior to filing

Form 990, Part VI, Section B, Line 12C

Any potential or known conflicts of interest are discussed in board meetings as they arise.

Form 990, Part VI, Section B, Line 15A

Members of the board of directors review compensation amounts, taking into consideration work performed and comparable industry salaries.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon written request.

Filing and Contact Details

Filer

Filer Name
So Cal Cdc
EIN
27-2790053
Phone
8186387001
Address
15455 SAN FERNANDO MISSION NO C200, MISSION HILLS, CA 91345

Signing Officer

Name
Paola Macchiavello
Title
Secretary
Phone
6615844797
Signed
2018-03-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paola Macchiavello
Formed
2010
Legal Domicile
CA
Voting Board Members
10
Independent Board Members
10
Employees
4
Volunteers
0

Preparer

Firm
Kkaj Llp
Address
27200 TOURNEY ROAD STE 475, VALENCIA, CA 91355
Preparer
Evan L Faucette
Phone
6617054222
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The organization has a board of directors that assumes responsibility for oversight of the audit, including selection of the independent auditors.

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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1329626
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt234274
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt325637
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt414510
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt035
IRS990/PYOtherExpensesAmt0290433
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0761227
IRS990/PYRevenuesLessExpensesAmt0100405
IRS990/PYSalariesCompEmpBnftPaidAmt0370424
IRS990/PYTotalExpensesAmt0660857
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0761262
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt06826
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0795839
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0795839
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0761227
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0568008
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0417083
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0598322
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03140479
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt053
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt035
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt02503
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt031
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0430
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt03052
IRS990ScheduleA/InvestmentIncomeCYPct00.00100
IRS990ScheduleA/InvestmentIncomePYPct00.00190
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearAmt053
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearMinus1YearAmt035
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearMinus2YearsAmt02503
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearMinus3YearsAmt031
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearMinus4YearsAmt0430
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt03052
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99900
IRS990ScheduleA/PublicSupportPY509Pct00.99810
IRS990ScheduleA/PublicSupportTotal509Amt03140479
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0795839
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0761227
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0568008
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0417083
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0598322
IRS990ScheduleA/Total509Grp/TotalAmt03140479
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0795892
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0761262
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0570511
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0417114
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0598752
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03143531
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0789066
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt04981
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt05268
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt010249
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0795892
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04981
IRS990ScheduleD/TotalExpensesPerForm990Amt0789066
IRS990ScheduleD/TotalRevenuePerForm990Amt0795892
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0795892
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0789066
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0158338
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0SILVERIO ROBLEDO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0158338
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0MEMBERS OF THE BOARD OF DIRECTORS REVIEW COMPENSATION AMOUNTS, TAKING INTO CONSIDERATION WORK PERFORMED AND COMPARABLE INDUSTRY SALARIES.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OFFICERS OF THE COMPANY REVIEW THE RETURN PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANY POTENTIAL OR KNOWN CONFLICTS OF INTEREST ARE DISCUSSED IN BOARD MEETINGS AS THEY ARISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS OF THE BOARD OF DIRECTORS REVIEW COMPENSATION AMOUNTS, TAKING INTO CONSIDERATION WORK PERFORMED AND COMPARABLE INDUSTRY SALARIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION HAS A BOARD OF DIRECTORS THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT, INCLUDING SELECTION OF THE INDEPENDENT AUDITORS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0496457

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