Civic Intelligence

Valley Small Business Development Corporation

990 • Fiscal year 2021 • EIN 94-2461685

Jul 01, 2020 to Jun 30, 2021 • Filed on May 10, 2022

Organization Profilewww.vsbdc.com

View Organization Page

7035 North Fruit AvenueFresno, CA 93711

(559) 438-9680

Siviq Scores

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

Liabilities / Assets

87th percentile

0.78x

Higher debt load relative to assets than 87% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

95th percentile

6.14x

Higher debt load relative to revenue than 95% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

77th percentile

33%

Higher net margin than 77% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

37th percentile

$137,216

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 5.6% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

38th percentile

5.5%

Faster asset growth than 38% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

19th percentile

-8.1%

Faster revenue growth than 19% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets87th percentile

Assets

Up

$19,405,908

Up $1,005,039 (+5.5%) from 2020

Net Assets

Up

$4,301,355

Up $809,499 (+23%) from 2020

Liabilities

Up

$15,104,553

Up $195,540 (+1.3%) from 2020

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin77th percentile

Revenue

Down

$2,458,258

Down $217,176 (-8.1%) from 2020

Expenses

Down

$1,648,759

Down $201,178 (-11%) from 2020

Net Income

Down

$809,499

Down $15,998 (-1.9%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth38th percentile

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

$30M$20M$10M$0Assets 2010: $17,584,292Liabilities 2010: $11,321,524Net Assets 2010: $6,262,7682010Assets 2011: $19,841,071Liabilities 2011: $12,282,194Net Assets 2011: $7,558,8772011Assets 2012: $23,458,760Liabilities 2012: $16,076,459Net Assets 2012: $7,382,3012012Assets 2013: $20,909,137Liabilities 2013: $13,842,554Net Assets 2013: $7,066,5832013Assets 2014: $20,503,502Liabilities 2014: $13,524,760Net Assets 2014: $6,978,7422014Assets 2015: $16,551,317Liabilities 2015: $14,721,815Net Assets 2015: $1,829,5022015Assets 2016: $15,897,681Liabilities 2016: $13,932,931Net Assets 2016: $1,964,7502016Assets 2017: $17,331,277Liabilities 2017: $15,280,477Net Assets 2017: $2,050,8002017Assets 2018: $18,603,415Liabilities 2018: $16,408,689Net Assets 2018: $2,194,7262018Assets 2019: $18,387,758Liabilities 2019: $15,721,399Net Assets 2019: $2,666,3592019Assets 2020: $18,400,869Liabilities 2020: $14,909,013Net Assets 2020: $3,491,8562020Assets 2021: $19,405,908Liabilities 2021: $15,104,553Net Assets 2021: $4,301,3552021Assets 2022: $20,013,604Liabilities 2022: $14,993,162Net Assets 2022: $5,020,4422022Assets 2023: $19,113,461Liabilities 2023: $12,604,918Net Assets 2023: $6,508,5432023Assets 2024: $23,413,237Liabilities 2024: $16,605,695Net Assets 2024: $6,807,5422024Assets 2025: $22,888,649Liabilities 2025: $15,977,489Net Assets 2025: $6,911,1602025

Highlighted filing

2021

Assets$19,405,908
Liabilities$15,104,553
Net Assets$4,301,355
Open 2021 Filing

Operations Trend

Revenue Growth19th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $2,482,1242010Revenue 2011: $3,691,131Expenses 2011: $2,394,440Net Income 2011: $1,296,6912011Expenses 2012: $2,081,8052012Expenses 2013: $1,978,2172013Revenue 2014: $1,636,133Expenses 2014: $1,735,918Net Income 2014: -$99,7852014Revenue 2015: $1,710,873Expenses 2015: $1,671,733Net Income 2015: $39,1402015Revenue 2016: $1,886,716Expenses 2016: $1,775,468Net Income 2016: $111,2482016Revenue 2017: $1,786,923Expenses 2017: $1,700,873Net Income 2017: $86,0502017Revenue 2018: $1,868,862Expenses 2018: $1,724,936Net Income 2018: $143,9262018Revenue 2019: $2,561,608Expenses 2019: $2,089,975Net Income 2019: $471,6332019Revenue 2020: $2,675,434Expenses 2020: $1,849,937Net Income 2020: $825,4972020Revenue 2021: $2,458,258Expenses 2021: $1,648,759Net Income 2021: $809,4992021Revenue 2022: $2,277,955Expenses 2022: $1,558,868Net Income 2022: $719,0872022Revenue 2023: $3,097,036Expenses 2023: $1,608,935Net Income 2023: $1,488,1012023Revenue 2024: $2,152,498Expenses 2024: $1,853,499Net Income 2024: $298,9992024Revenue 2025: $2,074,276Expenses 2025: $1,970,658Net Income 2025: $103,6182025

Highlighted filing

2021

Revenue$2,458,258
Expenses$1,648,759
Net Income$809,499
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 10, 2022
Return Version
2020v4.0
Gross Receipts
$2,458,258
Mission and Program Overview

Mission

Providing capital, management assistance and other financial resources, including loan services, personnel and business education to small business entrepreneurs in economically disadvantaged areas, and thereby stimulating economic development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$10,413,987$8,973,796▼ $1,440,191
Cash and Non-Interest-Bearing Accounts$4,003,207$7,084,777▲ $3,081,570
Savings and Temporary Cash Investments$2,662,788$1,746,549▼ $916,239
Land, Buildings, and Equipment, Net$1,044,754$1,000,887▼ $43,867
Pledges and Grants Receivable-$403,911-
Accounts Receivable$255,898$180,962▼ $74,936
Prepaid Expenses and Deferred Charges$20,235$15,026▼ $5,209
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-
Total Assets$18,400,869$19,405,908▲ $1,005,039
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$14,541,210$14,545,808▲ $4,598
Deferred Revenue$264,465$260,173▼ $4,292
Other Liabilities-$191,700-
Accounts Payable and Accrued Expenses$103,338$106,872▲ $3,534
Total Liabilities$14,909,013$15,104,553▲ $195,540
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,164,379$3,801,355▲ $636,976
Net Assets With Donor Restrictions$327,477$500,000▲ $172,523
Total Net Assets Fund Balance$3,491,856$4,301,355▲ $809,499
Total Liabilities and Net Assets / Fund Balance$18,400,869$19,405,908▲ $1,005,039

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$641,707$491,773$1,133,480
Land$347,721-$347,721
Other Land Buildings$11,459$125,615$137,074
Compensation and Service Providers
Top Officer Pay37th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Debbie RavenCEOFT$116,816$20,400$137,216
Lucia RobesonCredit AdminPT$103,532-$103,532
Greg HaneyCFOFT$51,144$14,292$65,436

Board Members and Trustees

NameTitle
Kee XiongChairperson
Tim RodriguezV Chairperson
Ali NekumaneshDirector
Antonio AvalosDirector
Benny BarcoDirector
Blong XiongDirector
Guillermo SandovalDirector
Susan WoesnerDirector
Dorothy ThomasSecretary
Julia PicherTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,304,200
Program Service Revenue
$1,154,058
Investment Income
$0
Other Revenue
$0
All Other Contributions
$716,963
Change in Net Assets
$809,499

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,458,258
Total Revenue per Audited Statements
$2,458,258
Total Revenue per Form 990
$2,458,258
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$908,646
Other Expenses$740,113
Total Fundraising Expense$3,179
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$440,130$146,709-$586,839
Interest$341,293--$341,293
Current Officers, Directors, Trustees, and Key Employees$136,777$45,593-$182,370
Fees for Services Other$33,384$133,535-$166,919
Other Employee Benefits$104,578$34,859-$139,437
Office Expenses$20,168$60,503-$80,671
Occupancy-$47,692-$47,692
Depreciation Depletion-$45,450-$45,450
Insurance$17,535$7,515-$25,050
Travel$4,842$1,384$692$6,918
Advertising$6,046--$6,046
Other Expenses$3,705$5,675$285$5,675
All Other Expenses$-25,333$67-$-25,266
Total Functional Expenses$1,094,136$551,444$3,179$1,648,759

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,648,759
Total Expenses per Audited Statements$1,648,759
Total Expenses per Form 990$1,648,759
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
SBA PPP Loan$191,700
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, Line 1A: Explanation of Delegated Broad Authority to Committee

“Ten (10) elected board members and one (1) CEO appointed by the Board of Directors, where the majority of government contracts comes from.”

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

“Information returns were reviewed by management. Copies were made available to Board Members prior to filing.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“Regional compensation surveys for the CEO's compensation.”

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

“Prevailing pay scales.”

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

“Upon request at the company headquarters - Guidestar website.”

Filing and Contact Details

Filer

Filer Name
Valley Small Business Development
EIN
94-2461685
Phone
5594389680
Address
7035 North Fruit Avenue, Fresno, CA 93711

Signing Officer

Name
Debbie Raven
Title
CEO
Signed
2022-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Debbie Raven
Formed
1977
Legal Domicile
CA
Voting Board Members
10
Independent Board Members
9
Employees
12

Preparer

Firm
Price Paige & Company
Address
570 N Magnolia Ave Ste 100, Clovis, CA 93611
Preparer
Henry Oum CPA
Phone
5592999540
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“The Corporation has qualified as a non-profit corporation 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 disclosure guidance about positions taken by an entity in its tax returns that might be uncertain. Management has considered its tax positions 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 Corporation'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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Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$19,405,908
Liabilities
$15,104,553
Net assets
$4,301,355
Revenue
$2,458,258
Expenses
$1,648,759
Net income
$809,499
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.9$16.0$6.91$2.07$1.97$0.10
2024Detailed filing. Detailed filing data is available for this year.$23.4$16.6$6.81$2.15$1.85$0.30
2023Detailed filing. Detailed filing data is available for this year.$19.1$12.6$6.51$3.10$1.61$1.49
2022Detailed filing. Detailed filing data is available for this year.$20.0$15.0$5.02$2.28$1.56$0.72
2021Detailed filing. Detailed filing data is available for this year.$19.4$15.1$4.30$2.46$1.65$0.81
2020Detailed filing. Detailed filing data is available for this year.$18.4$14.9$3.49$2.68$1.85$0.83
2019Detailed filing. Detailed filing data is available for this year.$18.4$15.7$2.67$2.56$2.09$0.47
2018Detailed filing. Detailed filing data is available for this year.$18.6$16.4$2.19$1.87$1.72$0.14
2017Detailed filing. Detailed filing data is available for this year.$17.3$15.3$2.05$1.79$1.70$0.09
2016Detailed filing. Detailed filing data is available for this year.$15.9$13.9$1.96$1.89$1.78$0.11
2015Detailed filing. Detailed filing data is available for this year.$16.6$14.7$1.83$1.71$1.67$0.04
2014Detailed filing. Detailed filing data is available for this year.$20.5$13.5$6.98$1.64$1.74$0.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.9$13.8$7.07$1.98
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.5$16.1$7.38$2.08
2011Summary only. Only limited summary data is available for this year.$19.8$12.3$7.56$3.69$2.39$1.30
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.6$11.3$6.26$2.48