Civic Intelligence

First Community Capital Inc.

990EZ • Fiscal year 2020 • EIN 84-3804891

Jul 01, 2019 to Jun 30, 2020 • Filed on Feb 28, 2021

30788 Belmont HeightsMurrieta, CA 92563

(951) 249-5767

Siviq Scores

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

Liabilities / Assets

96th percentile

1.68x

Higher debt load relative to assets than 96% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

99th percentile

14.08x

Higher debt load relative to revenue than 99% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

2nd percentile

-571%

Higher net margin than 2% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Assets

$49,041

No earlier filing loaded for comparison.

Net Assets

-$33,459

No earlier filing loaded for comparison.

Liabilities

$82,500

No earlier filing loaded for comparison.

Revenue

$5,860

No earlier filing loaded for comparison.

Expenses

$39,319

No earlier filing loaded for comparison.

Net Income

-$33,459

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500KAssets 2020: $49,041Liabilities 2020: $82,500Net Assets 2020: -$33,4592020Assets 2021: $107,793Liabilities 2021: $102,500Net Assets 2021: $5,2932021Assets 2022: $435,550Liabilities 2022: $226,050Net Assets 2022: $209,5002022Assets 2023: $759,538Liabilities 2023: $290,250Net Assets 2023: $469,2882023Assets 2024: $1,316,731Liabilities 2024: $760,218Net Assets 2024: $556,5132024

Highlighted filing

2020

Assets$49,041
Liabilities$82,500
Net Assets-$33,459

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2020: $5,860Expenses 2020: $39,319Net Income 2020: -$33,4592020Revenue 2021: $68,643Expenses 2021: $33,982Net Income 2021: $34,6612021Revenue 2022: $434,871Expenses 2022: $232,237Net Income 2022: $202,6342022Revenue 2023: $509,354Expenses 2023: $249,566Net Income 2023: $259,7882023Revenue 2024: $486,010Expenses 2024: $398,785Net Income 2024: $87,2252024

Highlighted filing

2020

Revenue$5,860
Expenses$39,319
Net Income-$33,459
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Feb 28, 2021
Return Version
2019v5.0
Gross Receipts
$5,860
Mission and Program Overview

Mission

Our mission is to foster economic justice and opportunity by providing access to capital and technical assistance to economically disadvantage micro and rural businesses. Our emphasis is on those businesses owned by people of color including women, veterans, refugees, immigrants, and individuals impacted by the justice system.First Community Capital help low- and moderate-income entrepreneurs who lack sufficient training and education to gain access to capital and thereby delivering long-term economic small businesses recovery and resiliency.We often lend to borrowers that may not meet mainstream institutions underwriting criteria, helping to bridge the gap between conventional lending standards and the needs of hard-to-reach borrowers.

First Community Capital Inc is a nonprofit that fosters economic justice and opportunity by providing access to capital and resources to underserved entrepreneurs including those considered Low-and Moderate-Income individuals. First Community Capital believes providing equitable access to capital and other financial services can make it possible for low-income entrepreneurs to be able to start or grow their business. We often lend to borrowers that may not meet mainstream institutions underwriting criteria, helping to bridge the gap between conventional lending standards and the needs of hard-to-reach borrowers.

Program Services

DescriptionGrantsExpenses
When the health and economic disaster of COVID-19 hit our small businesses, FCC swiftly responded to their critical needs. Through the US Small Business Administration (SBA) Economic Injury Disaster Loan (EIDL) program, FCC has helped over 65 microenterprises secure loans to fund their business operations through the pandemic to survive until the crisis has passed. In addition, FCC has made direct loans specifically to minority-owned microbusinesses who did not qualify for the SBA EIDL loan and would have otherwise been left without financial assistance and forced to close their businesses, likely to never reopen. In the next 12-18 months, FCC is poised to raise its profile as a leading resource of creative capital and capacity building for equitable economic development throughout the counties of Southern California.$5,000$8,117
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Vincent McCoyDirector-$0--
Mark DavisChairman-$0--
Edward JohnsonDirector-$0--
Fatimoh MuhammedDirector-$0--
Filing and Contact Details

Filer

Filer Name
First Community Capital Inc
EIN
84-3804891
Phone
9512495767
Address
30788 Belmont Heights, Murrieta, CA 92563

Signing Officer

Name
Tchaidor Diallo
Title
President & CEO
Phone
9512495767
Signed
2021-02-28
Supplemental Narrative

Additional Explanations

Form 990-EZ, Header, Line B

We recently filed for a 990-N Electronic card. We would like to upgrade to 990-EZ Form.

Form 990-EZ, Part I, Line 16

Description;Amount^Advertising Domain Website;1197|Car and Vehicle Expenses;14324|Insurance other than health;832|Licenses and Corporation Doc;695|Car Lease;225|Office Supplies and Equipment;6403|Travel Lodging Conferences;1714|Misc;154^Total;25544^

Form 990-EZ, Part II, Line 24

Description;EOY Amount^Equipment;14324|Leashold improvments;11680|Other;2297^Total;28301^

Form 990-EZ, Part II, Line 26

Description;EOY Amount^Loan payable Individual;10000|Loan payable Individual;25000|Loan payable Individual;35000|SBA Loan;12500^Total;82500^

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/PrimaryExemptPurposeTxt0First Community Capital Inc is a nonprofit that fosters economic justice and opportunity by providing access to capital and resources to underserved entrepreneurs including those considered Low-and Moderate-Income individuals. First Community Capital believes providing equitable access to capital and other financial services can make it possible for low-income entrepreneurs to be able to start or grow their business. We often lend to borrowers that may not meet mainstream institutions underwriting criteria, helping to bridge the gap between conventional lending standards and the needs of hard-to-reach borrowers.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0We recently filed for a 990-N Electronic card. We would like to upgrade to 990-EZ Form.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description;Amount^Advertising Domain Website;1197|Car and Vehicle Expenses;14324|Insurance other than health;832|Licenses and Corporation Doc;695|Car Lease;225|Office Supplies and Equipment;6403|Travel Lodging Conferences;1714|Misc;154^Total;25544^
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part II, Line 26
ReasonableCauseExplanation/ExplanationTxt0N/A
ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PhoneNum09512495767
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-02-28
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ReturnHeader/Filer/EIN0843804891
ReturnHeader/Filer/PhoneNum09512495767
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ReturnHeader/ReturnTs02021-02-28T14:05:46-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

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Filings