Civic Intelligence

Greater Sacramento Certified Development Corporation

990 • Fiscal year 2024 • EIN 68-0074324

Oct 01, 2023 to Sep 30, 2024 • Filed on Dec 11, 2024

Organization Profile504CDC.COM
5428 Watt Avenue 200North Highlands, CA 95660

(916) 339-1096

Siviq Scores

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

Liabilities / Assets

66th percentile

0.14x

Higher debt load relative to assets than 66% of similar nonprofits.

2024 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

63rd percentile

0.18x

Higher debt load relative to revenue than 63% of similar nonprofits.

2024 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2024

Net Margin

44th percentile

6.3%

Higher net margin than 44% of similar nonprofits.

2024 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

89th percentile

$181,874

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 12.8% of source-year revenue.

2024 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2024

Asset Growth

53rd percentile

5.3%

Faster asset growth than 53% of similar nonprofits.

2024 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

58th percentile

13%

Faster revenue growth than 58% of similar nonprofits.

2024 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets66th percentile

Assets

Up

$1,754,184

Up $88,690 (+5.3%) from 2023

Net Assets

Up

$1,503,626

Up $89,233 (+6.3%) from 2023

Liabilities

Down

$250,558

Down $543 (-0.2%) from 2023

Revenue And Expenses
Liabilities / Revenue63rd percentileNet Margin44th percentile

Revenue

Up

$1,416,252

Up $166,912 (+13%) from 2023

Expenses

Up

$1,327,019

Up $180,618 (+16%) from 2023

Net Income

Down

$89,233

Down $13,706 (-13%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth53rd percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,173,071Liabilities 2011: $581,577Net Assets 2011: $591,4942011Assets 2012: $1,002,283Liabilities 2012: $297,863Net Assets 2012: $704,4202012Assets 2013: $1,118,372Liabilities 2013: $364,921Net Assets 2013: $753,4512013Assets 2014: $1,056,811Liabilities 2014: $267,578Net Assets 2014: $789,2332014Assets 2015: $1,178,810Liabilities 2015: $206,397Net Assets 2015: $972,4132015Assets 2016: $1,031,217Liabilities 2016: $212,053Net Assets 2016: $819,1642016Assets 2017: $1,032,991Liabilities 2017: $197,556Net Assets 2017: $835,4352017Assets 2018: $1,105,007Liabilities 2018: $190,250Net Assets 2018: $914,7572018Assets 2019: $1,281,764Liabilities 2019: $216,181Net Assets 2019: $1,065,5832019Assets 2020: $1,314,364Liabilities 2020: $265,212Net Assets 2020: $1,049,1522020Assets 2021: $1,434,310Liabilities 2021: $218,074Net Assets 2021: $1,216,2362021Assets 2022: $1,558,703Liabilities 2022: $247,249Net Assets 2022: $1,311,4542022Assets 2023: $1,665,494Liabilities 2023: $251,101Net Assets 2023: $1,414,3932023Assets 2024: $1,754,184Liabilities 2024: $250,558Net Assets 2024: $1,503,6262024Assets 2025: $1,876,439Liabilities 2025: $289,455Net Assets 2025: $1,586,9842025

Highlighted filing

2024

Assets$1,754,184
Liabilities$250,558
Net Assets$1,503,626
Open 2024 Filing

Operations Trend

Revenue Growth58th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $1,161,111Expenses 2011: $1,331,901Net Income 2011: -$170,7902011Revenue 2012: $1,194,933Expenses 2012: $1,082,007Net Income 2012: $112,9262012Revenue 2013: $1,292,853Expenses 2013: $1,243,822Net Income 2013: $49,0312013Revenue 2014: $1,260,351Expenses 2014: $1,224,569Net Income 2014: $35,7822014Revenue 2015: $1,349,198Expenses 2015: $1,166,018Net Income 2015: $183,1802015Revenue 2016: $1,143,877Expenses 2016: $1,297,125Net Income 2016: -$153,2482016Revenue 2017: $1,211,856Expenses 2017: $1,195,585Net Income 2017: $16,2712017Revenue 2018: $1,163,719Expenses 2018: $1,084,397Net Income 2018: $79,3222018Revenue 2019: $1,260,062Expenses 2019: $1,109,237Net Income 2019: $150,8252019Revenue 2020: $1,074,351Expenses 2020: $1,090,782Net Income 2020: -$16,4312020Revenue 2021: $1,184,544Expenses 2021: $1,017,460Net Income 2021: $167,0842021Revenue 2022: $1,191,050Expenses 2022: $1,095,832Net Income 2022: $95,2182022Revenue 2023: $1,249,340Expenses 2023: $1,146,401Net Income 2023: $102,9392023Revenue 2024: $1,416,252Expenses 2024: $1,327,019Net Income 2024: $89,2332024Revenue 2025: $1,440,918Expenses 2025: $1,357,560Net Income 2025: $83,3582025

Highlighted filing

2024

Revenue$1,416,252
Expenses$1,327,019
Net Income$89,233
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Dec 11, 2024
Return Version
2023v5.1
Gross Receipts
$1,416,252
Mission and Program Overview

Mission

The corporation is organized specifically for the purpose of fostering and furthering employment, promoting economic development, and promoting and assisting in the growth and development of business concerns throughout the state of california.

Fostering and furthering employment throughout the state of california

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,441,675$1,285,336▼ $156,339
Savings and Temporary Cash Investments-$255,185-
Land, Buildings, and Equipment, Net$114,997$102,473▼ $12,524
Accounts Receivable$60,147$65,853▲ $5,706
Other Notes and Loans Receivable, Net-$0-
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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,665,494$1,754,184▲ $88,690
Other Assets Total$48,675$45,337▼ $3,338
Liabilities
Other Liabilities$248,706$247,795▼ $911
Accounts Payable and Accrued Expenses$2,395$2,763▲ $368
Total Liabilities$251,101$250,558▼ $543
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,414,393$1,503,626▲ $89,233
Total Net Assets Fund Balance$1,414,393$1,503,626▲ $89,233
Total Liabilities and Net Assets / Fund Balance$1,665,494$1,754,184▲ $88,690

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$97,289$134,227$231,516
Equipment$5,184$99,137$104,321
Leasehold Improvements-$41,069$41,069
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Raymond SebastianExec.Dir./Sec'yFT$165,340$16,534$181,874
Sarah StillmanDirector of OperatFT$128,077$12,808$140,885
Paul PahkimMarketing ManagerFT$136,758-$136,758
Glen AokiPortfolio ManagerFT$121,179$12,118$133,297

Board Members and Trustees

NameTitle
Eric GrabinPresident
Kelly Fife MontgomeryVice President
Harman GosalDirector
Joseph McclureDirector
Mike LukenDirector
Panda MorganDirector
Terry CecchiDirector
Tim ReimersTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,398,117
Investment Income
$18,135
Other Revenue
$0
Change in Net Assets
$89,233

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,416,252
Total Revenue per Audited Statements
$1,416,252
Total Revenue per Form 990
$1,416,252
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,110,628
Other Expenses$216,391
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$679,514$75,502-$755,016
Current Officers, Directors, Trustees, and Key Employees$148,806$16,534-$165,340
Payroll Taxes$63,886$7,099-$70,985
Pension Plan Contributions$62,500$6,945-$69,445
Other Employee Benefits$44,858$4,984-$49,842
All Other Expenses$31,259$3,255-$34,514
Fees for Services Accounting-$18,013-$18,013
Office Expenses$17,958--$17,958
Insurance$12,701$3,175-$15,876
Travel$14,966--$14,966
Other Expenses$10,690$2,672-$13,362
Depreciation Depletion-$12,524-$12,524
Occupancy$9,600$2,400-$12,000
Information Technology$7,793$1,948-$9,741
Total Functional Expenses$1,171,968$155,051$0$1,327,019

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,327,019
Total Expenses per Audited Statements$1,327,019
Total Expenses per Form 990$1,327,019
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
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tpl Fees$88,199
Accrued Payroll Liabilities$61,795
Customer Deposits$51,000
Accrued Compensated Absences$46,801
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“No review was or will be conducted.”

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

“The governing board members are required to submit an annual conflict-of-interest disclosure statement”

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

“Key employees are the executive director, the portfolio manager and the director of operations. Compensation is reviewed at the employee's anniversary date. Salary grades and compensation survey are completed by the national association of development companies, which is shared by all members. The survey provided the company with the information necessary to complete salary grades foe every position within the organization and support a basis to compensate all employees fairly based on their skill set and overall performance. The governing body reviews and approves the compensation budget at its annual meeting.”

Form 990, Part VI, Section C, Line 18

“Copies of the organization's 990 are available on the california attorney general's website.”

Form 990, Part VI, Section C, Line 19

“Copies of the organization's governing documents are also available upon request or can be inspected at the office.”

Filing and Contact Details

Filer

Filer Name
Greater Sacramento Certified Development
EIN
68-0074324
Phone
9163391096
Address
5428 WATT AVENUE 200, NORTH HIGHLANDS, CA 95660

Signing Officer

Name
Tim Reimers
Title
Treasurer
Signed
2024-12-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Raymond Sebastian
Formed
1985
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
9
Employees
9

Preparer

Firm
MMRS Accountancy Corporation
Address
460 Drake Circle, Sacramento, CA 95864
Preparer
Robert Mistretta
Phone
9164970676
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IRS990/InformationTechnologyGrp/ProgramServicesAmt07793
IRS990/InformationTechnologyGrp/TotalAmt09741
IRS990/InsuranceGrp/ManagementAndGeneralAmt03175
IRS990/InsuranceGrp/ProgramServicesAmt012701
IRS990/InsuranceGrp/TotalAmt015876
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IRS990/InterestGrp/TotalAmt00
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IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
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IRS990/LandBldgEquipCostOrOtherBssAmt0376906
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IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE CORPORATION IS ORGANIZED SPECIFICALLY FOR THE PURPOSE OF FOSTERING AND FURTHERING EMPLOYMENT, PROMOTING ECONOMIC DEVELOPMENT, AND PROMOTING AND ASSISTING IN THE GROWTH AND DEVELOPMENT OF BUSINESS CONCERNS THROUGHOUT THE STATE OF CALIFORNIA.
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/NetAssetsOrFundBalancesEOYAmt01503626
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IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
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IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01503626
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IRS990/OccupancyGrp/ManagementAndGeneralAmt02400
IRS990/OccupancyGrp/ProgramServicesAmt09600
IRS990/OccupancyGrp/TotalAmt012000
IRS990/OfficeExpensesGrp/ProgramServicesAmt017958
IRS990/OfficeExpensesGrp/TotalAmt017958
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt048675
IRS990/OtherAssetsTotalGrp/EOYAmt045337
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04984
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt044858
IRS990/OtherEmployeeBenefitsGrp/TotalAmt049842
IRS990/OtherExpensesGrp/Desc0MARKETING
IRS990/OtherExpensesGrp/Desc1DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/Desc3UTILITIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02672
IRS990/OtherExpensesGrp/ProgramServicesAmt029309
IRS990/OtherExpensesGrp/ProgramServicesAmt120992
IRS990/OtherExpensesGrp/ProgramServicesAmt217136
IRS990/OtherExpensesGrp/ProgramServicesAmt310690
IRS990/OtherExpensesGrp/TotalAmt029309
IRS990/OtherExpensesGrp/TotalAmt120992
IRS990/OtherExpensesGrp/TotalAmt217136
IRS990/OtherExpensesGrp/TotalAmt313362
IRS990/OtherInd0X
IRS990/OtherLiabilitiesGrp/BOYAmt0248706
IRS990/OtherLiabilitiesGrp/EOYAmt0247795
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07099
IRS990/PayrollTaxesGrp/ProgramServicesAmt063886
IRS990/PayrollTaxesGrp/TotalAmt070985
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt06945
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt062500
IRS990/PensionPlanContributionsGrp/TotalAmt069445
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0RAYMOND SEBASTIAN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522298
IRS990/ProgramServiceRevenueGrp/BusinessCd1522298
IRS990/ProgramServiceRevenueGrp/BusinessCd2522298
IRS990/ProgramServiceRevenueGrp/BusinessCd3522298
IRS990/ProgramServiceRevenueGrp/BusinessCd4522298
IRS990/ProgramServiceRevenueGrp/Desc0LATE & ASSUMPTION FEES
IRS990/ProgramServiceRevenueGrp/Desc1SBA CLOSING FEES
IRS990/ProgramServiceRevenueGrp/Desc2SBA INTEREST ON ESCROW AC
IRS990/ProgramServiceRevenueGrp/Desc3SBA PROCESSING FEES
IRS990/ProgramServiceRevenueGrp/Desc4SBA SERVICING FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0808
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt17000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2243701
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3335417
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4811191
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0808
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt17000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2243701
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3335417
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4811191
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt02599
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0212208
IRS990/PYProgramServiceRevenueAmt01246741
IRS990/PYRevenuesLessExpensesAmt0102939
IRS990/PYSalariesCompEmpBnftPaidAmt0934193
IRS990/PYTotalExpensesAmt01146401
IRS990/PYTotalRevenueAmt01249340
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt089233
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01398117
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0255185
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt097289
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0134227
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0231516
IRS990ScheduleD/EquipmentGrp/BookValueAmt05184
IRS990ScheduleD/EquipmentGrp/DepreciationAmt099137
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0104321
IRS990ScheduleD/ExpensesSubtotalAmt01327019
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt041069
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt041069
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt046801
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt161795
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt251000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt388199
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED COMPENSATED ABSENCES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED PAYROLL LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2CUSTOMER DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3TPL FEES
IRS990ScheduleD/RevenueSubtotalAmt01416252
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0102473
IRS990ScheduleD/TotalExpensesPerForm990Amt01327019
IRS990ScheduleD/TotalLiabilityAmt0247795
IRS990ScheduleD/TotalRevenuePerForm990Amt01416252
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01416252
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01327019
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0165340
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt016534
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0RAYMOND SEBASTIAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Exec.Dir./Sec'y
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0181874
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING BOARD MEMBERS ARE REQUIRED TO SUBMIT AN ANNUAL CONFLICT-OF-INTEREST DISCLOSURE STATEMENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2KEY EMPLOYEES ARE THE EXECUTIVE DIRECTOR, THE PORTFOLIO MANAGER AND THE DIRECTOR OF OPERATIONS. COMPENSATION IS REVIEWED AT THE EMPLOYEE'S ANNIVERSARY DATE. SALARY GRADES AND COMPENSATION SURVEY ARE COMPLETED BY THE NATIONAL ASSOCIATION OF DEVELOPMENT COMPANIES, WHICH IS SHARED BY ALL MEMBERS. THE SURVEY PROVIDED THE COMPANY WITH THE INFORMATION NECESSARY TO COMPLETE SALARY GRADES FOE EVERY POSITION WITHIN THE ORGANIZATION AND SUPPORT A BASIS TO COMPENSATE ALL EMPLOYEES FAIRLY BASED ON THEIR SKILL SET AND OVERALL PERFORMANCE. THE GOVERNING BODY REVIEWS AND APPROVES THE COMPENSATION BUDGET AT ITS ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COPIES OF THE ORGANIZATION'S 990 ARE AVAILABLE ON THE CALIFORNIA ATTORNEY GENERAL'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COPIES OF THE ORGANIZATION'S GOVERNING DOCUMENTS ARE ALSO AVAILABLE UPON REQUEST OR CAN BE INSPECTED AT THE OFFICE.
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 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,754,184
Liabilities
$250,558
Net assets
$1,503,626
Revenue
$1,416,252
Expenses
$1,327,019
Net income
$89,233
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.88$0.29$1.59$1.44$1.36$0.08
2024Detailed filing. Detailed filing data is available for this year.$1.75$0.25$1.50$1.42$1.33$0.09
2023Detailed filing. Detailed filing data is available for this year.$1.67$0.25$1.41$1.25$1.15$0.10
2022Detailed filing. Detailed filing data is available for this year.$1.56$0.25$1.31$1.19$1.10$0.10
2021Detailed filing. Detailed filing data is available for this year.$1.43$0.22$1.22$1.18$1.02$0.17
2020Summary only. Only limited summary data is available for this year.$1.31$0.27$1.05$1.07$1.09$0.02
2019Summary only. Only limited summary data is available for this year.$1.28$0.22$1.07$1.26$1.11$0.15
2018Summary only. Only limited summary data is available for this year.$1.11$0.19$0.91$1.16$1.08$0.08
2017Summary only. Only limited summary data is available for this year.$1.03$0.20$0.84$1.21$1.20$0.02
2016Summary only. Only limited summary data is available for this year.$1.03$0.21$0.82$1.14$1.30$0.15
2015Summary only. Only limited summary data is available for this year.$1.18$0.21$0.97$1.35$1.17$0.18
2014Summary only. Only limited summary data is available for this year.$1.06$0.27$0.79$1.26$1.22$0.04
2013Summary only. Only limited summary data is available for this year.$1.12$0.36$0.75$1.29$1.24$0.05
2012Summary only. Only limited summary data is available for this year.$1.00$0.30$0.70$1.19$1.08$0.11
2011Summary only. Only limited summary data is available for this year.$1.17$0.58$0.59$1.16$1.33$0.17