Civic Intelligence

Valley Economic Development Center Inc

990 • Fiscal year 2017 • EIN 95-3139419

Apr 01, 2016 to Mar 31, 2017 • Filed on Feb 13, 2018

Organization ProfileWWW.VEDC.ORG

View Organization Page

5121 Van Nuys Blvd 3rd FloorVan Nuys, CA 91403

(818) 907-9977

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.75x

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

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Liabilities / Revenue

95th percentile

6.50x

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

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Net Margin

3rd percentile

-81%

Higher net margin than 3% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Top Officer Pay

59th percentile

$403,311

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 4.7% of source-year revenue.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Asset Growth

49th percentile

5.7%

Faster asset growth than 49% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Revenue Growth

6th percentile

-33%

Faster revenue growth than 6% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Up

$74,109,440

Up $3,972,458 (+5.7%) from 2016

Net Assets

Down

$18,508,580

Down $6,901,529 (-27%) from 2016

Liabilities

Up

$55,600,860

Up $10,873,987 (+24%) from 2016

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin3rd percentile

Revenue

Down

$8,557,868

Down $4,302,606 (-33%) from 2016

Expenses

Up

$15,459,392

Up $2,801,749 (+22%) from 2016

Net Income

Down

-$6,901,524

Down $7,104,355 (-3503%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth49th percentile

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

$80M$60M$40M$20M$0Assets 2012: $27,424,285Liabilities 2012: $14,769,442Net Assets 2012: $12,654,8432012Assets 2013: $42,468,407Liabilities 2013: $24,708,343Net Assets 2013: $17,760,0642013Assets 2014: $53,502,022Liabilities 2014: $30,111,047Net Assets 2014: $23,390,9752014Assets 2015: $68,931,410Liabilities 2015: $43,248,292Net Assets 2015: $25,683,1182015Assets 2016: $70,136,982Liabilities 2016: $44,726,873Net Assets 2016: $25,410,1092016Assets 2017: $74,109,440Liabilities 2017: $55,600,860Net Assets 2017: $18,508,5802017Assets 2018: $58,174,995Liabilities 2018: $43,458,870Net Assets 2018: $14,716,1252018Assets 2019: $41,149,591Liabilities 2019: $36,991,904Net Assets 2019: $4,157,6872019Assets 2020: $31,203,996Liabilities 2020: $29,943,597Net Assets 2020: $1,260,3992020

Highlighted filing

2017

Assets$74,109,440
Liabilities$55,600,860
Net Assets$18,508,580
Open 2017 Filing

Operations Trend

Revenue Growth6th percentile

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

$20M$10M$0-$10MRevenue 2012: $5,795,960Expenses 2012: $5,553,390Net Income 2012: $242,5702012Expenses 2013: $6,749,2522013Revenue 2014: $13,598,232Expenses 2014: $8,027,321Net Income 2014: $5,570,9112014Revenue 2015: $12,234,832Expenses 2015: $10,007,689Net Income 2015: $2,227,1432015Revenue 2016: $12,860,474Expenses 2016: $12,657,643Net Income 2016: $202,8312016Revenue 2017: $8,557,868Expenses 2017: $15,459,392Net Income 2017: -$6,901,5242017Revenue 2018: $8,809,589Expenses 2018: $11,741,822Net Income 2018: -$2,932,2332018Revenue 2019: $4,595,194Expenses 2019: $13,061,289Net Income 2019: -$8,466,0952019Revenue 2020: $2,413,075Expenses 2020: $5,310,363Net Income 2020: -$2,897,2882020

Highlighted filing

2017

Revenue$8,557,868
Expenses$15,459,392
Net Income-$6,901,524
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Apr 1, 2016 to Mar 31, 2017
Signed
Feb 13, 2018
Return Version
2016v3.0
Gross Receipts
$9,939,696
Mission and Program Overview

Mission

To provide financing assistance, management consulting, and training to entrepreneurs and small business owners in and around los angeles county and throughout california. On july 2, 2019 valley economic development center filed for bankruptcy. The filing for bankruptcy impacted all of vedc's programs.

To create and sustain jobs and businesses in our communities by providing high-quality economic development services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$32,640,204$38,561,462▲ $5,921,258
Savings and Temporary Cash Investments$18,048,768$20,058,461▲ $2,009,693
Land, Buildings, and Equipment, Net$9,311,705$9,085,039▼ $226,666
Accounts Receivable$3,351,529$1,459,614▼ $1,891,915
Cash and Non-Interest-Bearing Accounts$2,596,742$995,841▼ $1,600,901
Investments in Publicly Traded Securities$964,750$900,102▼ $64,648
Investments Other Securities$1,278,483$496,272▼ $782,211
Prepaid Expenses and Deferred Charges$55,514$147,649▲ $92,135
Total Assets$70,136,982$74,109,440▲ $3,972,458
Other Assets Total$1,889,287$2,405,000▲ $515,713
Liabilities
Mortgage Notes Payable Secured by Investment Property$43,349,939$54,461,500▲ $11,111,561
Accounts Payable and Accrued Expenses$1,352,248$989,085▼ $363,163
Deferred Revenue$24,686$150,275▲ $125,589
Total Liabilities$44,726,873$55,600,860▲ $10,873,987
Net Assets / Fund Balance
Permanently Rstr Net Assets$14,218,106$13,996,168▼ $221,938
Temporarily Rstr Net Assets$8,399,855$3,921,045▼ $4,478,810
Unrestricted Net Assets$2,792,148$591,367▼ $2,200,781
Total Net Assets Fund Balance$25,410,109$18,508,580▼ $6,901,529
Total Liabilities and Net Assets / Fund Balance$70,136,982$74,109,440▲ $3,972,458

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,476,139$591,381$7,067,520
Land$1,884,426-$1,884,426
Other Land Buildings$701,623$255,016$956,639
Leasehold Improvements$0$126,240$126,240
Equipment$22,851$24,675$47,526
Compensation and Service Providers
Top Officer Pay59th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Roberto BarraganChief Executive OfficerFT$239,663$163,648$403,311
Robert J DennenChief Financial OfficerFT$171,250$83,839$255,089
Robert LopezChief Operating OfficerFT$162,000$66,244$228,244
Alex GuerreroChief Development OfficerFT$175,000$34,176$209,176
Angela V StanislawskiVice President AdminFT$148,541$40,741$189,282
Lynn FernandezVice President LendingFT$150,000$29,674$179,674
Antino PizanoLending OfficerFT$117,821-$117,821

Board Members and Trustees

NameTitle
Nishen RadiaBoard Member/vice Chair
Pegi MatsudaBoard Member/vice Chair
Anne WilliamsBoard Member
Ariel BerriosBoard Member
Byron ReedBoard Member
Clarence WilliamsBoard Member
Dutch RossBoard Member
John MarquisBoard Member
Jose VillalobosBoard Member
Leandro TybergBoard Member
Manuel RosalesBoard Member
Mayumi YoungBoard Member
Ray VasquezBoard Member
Ron MerazBoard Member
Scott AneyBoard Member
Shala TavakoliBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$2,845,005
Program Service Revenue
$5,695,405
Investment Income
$-171,333
Other Revenue
$188,791
All Other Contributions
$2,061,918
Change in Net Assets
$-6,901,524

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,999,546
Revenue Not Reported on Financial Statements
$1,558,322
Revenue Not Reported on Form 990
$417,175
Other Revenue Adjustments
$1,558,322
Total Revenue per Audited Statements
$7,416,721
Total Revenue per Form 990
$8,557,868
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,673,309
Salaries, Compensation, and Employee Benefits$6,786,083
Total Fundraising Expense$773,339
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,253,783$491,549$452,935$5,198,267
Interest$1,558,322--$1,558,322
Other Employee Benefits$779,702$51,718$84,194$915,614
Fees for Services Other$362,805$253,396$49,325$665,526
Occupancy$462,132$88,686$76,400$627,218
All Other Expenses$313,259$132,701$4,247$450,207
Payroll Taxes$350,274$34,960$35,495$420,729
Depreciation Depletion$266,991$84,862$1,892$353,745
Advertising$165,383$120,645$36,501$322,529
Fees for Services Accounting$174,149$107,856$300$282,305
Current Officers, Directors, Trustees, and Key Employees-$251,473-$251,473
Conferences and Meetings$30,874$157,332$4,284$192,490
Information Technology$90,066$78,436$12,863$181,365
Travel$83,073$83,293$5,578$171,944
Office Expenses$88,571$51,673$6,982$147,226
Other Expenses$135,623$-1,338-$134,285
Insurance$60,685$31,346$2,343$94,374
Total Functional Expenses$12,549,802$2,136,251$773,339$15,459,392

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$15,459,392
Total Expenses per Audited Statements$14,318,245
Expenses per Audited Statements$13,901,070
Expenses Not Reported on Financial Statements$1,558,322
Other Expense Adjustments$1,558,322
Expenses Not Reported on Form 990$417,175
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$417,175
Fundraising Gross Income$417,175
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$515,187$417,175$417,175$0
Total Events$515,187$417,175$417,175$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
Backup withholding compliance
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
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, Section B, Line 11B

“Form 990 is prepared by an outside cpa using information provided by management. The form 990 is then reviewed by the company's cfo who submits any changes to the cpa. The updated form 990 is then reviewed and approved by management and the audit committee. Upon approval of the audit committee, the form 990 is executed by management and filed. The audit committee reports the result of their review and approval with the entire board at the next regularly schedule meeting.”

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

“Valley economic development center, inc. Regularly and consistently monitors and enforces its conflict of interest policy using the following procedure: board members and employees complete a conflict of interest disclosure from when they join the organization. The chair of the board follows up on potential board conflicts. Employees and board members are requested to notify vedc if any changes occur that require disclosure of a conflict of interest.”

Form 990, Part VI, Section B, Line 15

“The board of directors independently sets the ceo/president's compensation by using comparability data consisting of salary surveys and internet searches. Their deliberations and decisions are documented in the minutes of their meetings. The ceo/president independently sets the compensation of the remaining officers and key employees by using comparability data consiting of salary surveys and internet searches. These deliberations and decisions are documented in the employee files of the respective employees.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policies, and financial statements are available to executive staff and the board directors. Upon request from the general public, the organization will provide access to these documents as required by law.”

Filing and Contact Details

Filer

Filer Name
Valley Economic Development Center Inc
EIN
95-3139419
Phone
8189079977
Address
5121 VAN NUYS BLVD 3RD FLOOR, VAN NUYS, CA 91403

Signing Officer

Name
Robert Dennen
Title
Chief Financial Officer
Phone
8189079977
Signed
2018-02-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert J Dennen
Formed
1976
Legal Domicile
CA
Voting Board Members
15
Independent Board Members
15
Employees
103
Volunteers
0

Preparer

Firm
Vavrinektrineday & Co Llp
Address
10681 FOOTHILL BLVD SUITE 300, RANCHO CUCAMONGA, CA 91730
Preparer
Jeffrey a Carter
Phone
9094664410
Supplemental Narrative

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Special event-direct expense 417,175.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Interest expense 1,558,322.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Special event-direct expense 417,175.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Interest expense 1,558,322.”

Raw XML AppendixShowing 400 of 768 raw XML fields

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

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt01352248
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0989085
IRS990/AccountsReceivableGrp/BOYAmt03351529
IRS990/AccountsReceivableGrp/EOYAmt01459614
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO CREATE AND SUSTAIN JOBS AND BUSINESSES IN OUR COMMUNITIES BY PROVIDING HIGH-QUALITY ECONOMIC DEVELOPMENT SERVICES.
IRS990/AdvertisingGrp/FundraisingAmt036501
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0120645
IRS990/AdvertisingGrp/ProgramServicesAmt0165383
IRS990/AdvertisingGrp/TotalAmt0322529
IRS990/AllOtherContributionsAmt02061918
IRS990/AllOtherExpensesGrp/FundraisingAmt04247
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0132701
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0313259
IRS990/AllOtherExpensesGrp/TotalAmt0450207
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0ROBERT DENNEN
IRS990/BooksInCareOfDetail/PhoneNum08189079977
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt05121 VAN NUYS BLVD 3RD FLOOR
IRS990/BooksInCareOfDetail/USAddress/CityNm0VAN NUYS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd091403
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt02596742
IRS990/CashNonInterestBearingGrp/EOYAmt0995841
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0251473
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0251473
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/FundraisingAmt04284
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt0157332
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt030874
IRS990/ConferencesMeetingsGrp/TotalAmt0192490
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/ContriRptFundraisingEventAmt098012
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt02845005
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0-171333
IRS990/CYOtherExpensesAmt08673309
IRS990/CYOtherRevenueAmt0188791
IRS990/CYProgramServiceRevenueAmt05695405
IRS990/CYRevenuesLessExpensesAmt0-6901524
IRS990/CYSalariesCompEmpBnftPaidAmt06786083
IRS990/CYTotalExpensesAmt015459392
IRS990/CYTotalFundraisingExpenseAmt0773339
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt08557868
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt024686
IRS990/DeferredRevenueGrp/EOYAmt0150275
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/FundraisingAmt01892
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt084862
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0266991
IRS990/DepreciationDepletionGrp/TotalAmt0353745
IRS990/Desc0VEDC SMALL BUSINESS LOANS PROGRAMS: VEDC IS A CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) AND PROVIDES ACCESS TO CAPITAL FOR CREATING AND/OR SUSTAINING JOBS VIA MAKING SMALL BUSINESS LOANS WITH FUNDS RECEIVED FROM NUMEROUS SOURCES INCLUDING SEVERAL FEDERAL GOVERNMENT AGENCIES, MAJOR BANKS, AND VARIOUS OTHER OTHER FINANCIAL INSTITUTIONS. THESE LOANS RANGE IN AMOUNTS BETWEEN $50,000 AND $500,000 AND ARE DISBURSED TO EXISTING MINORITY AND/OR WOMEN OWNED SMALL BUSINESS ENTREPRENEURS AND OTHER SMALL BUSINESS OWNERS WHO ARE LOCATED WITHIN, OR HAVE EMPLOYEES WHO RESIDE IN, LOW TO MODERATE INCOME AREAS SITUATED THROUGHOUT CALIFORNIA, THE TRISTATE AREA OF NEW YORK CITY, THE CHICAGO AREA, AND THE MIAMI AREA.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt0103
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt08991413
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/FundraisingAmt0300
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt0107856
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt0174149
IRS990/FeesForServicesAccountingGrp/TotalAmt0282305
IRS990/FeesForServicesOtherGrp/FundraisingAmt049325
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0253396
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0362805
IRS990/FeesForServicesOtherGrp/TotalAmt0665526
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt04.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt14.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt24.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt34.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt44.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt54.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt64.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt74.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt84.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt94.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt104.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt114.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt124.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt134.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt144.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt154.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt164.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1740.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1840.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1940.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2340.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd16X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt174152
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt18845
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt193126
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2021364
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt21360
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt22322
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt230
IRS990/Form990PartVIISectionAGrp/PersonNm0NISHEN RADIA
IRS990/Form990PartVIISectionAGrp/PersonNm1SCOTT ANEY
IRS990/Form990PartVIISectionAGrp/PersonNm2ANNE WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm3ARIEL BERRIOS
IRS990/Form990PartVIISectionAGrp/PersonNm4PEGI MATSUDA
IRS990/Form990PartVIISectionAGrp/PersonNm5RON MERAZ
IRS990/Form990PartVIISectionAGrp/PersonNm6BYRON REED
IRS990/Form990PartVIISectionAGrp/PersonNm7MANUEL ROSALES
IRS990/Form990PartVIISectionAGrp/PersonNm8DUTCH ROSS
IRS990/Form990PartVIISectionAGrp/PersonNm9SHALA TAVAKOLI
IRS990/Form990PartVIISectionAGrp/PersonNm10LEANDRO TYBERG
IRS990/Form990PartVIISectionAGrp/PersonNm11RAY VASQUEZ
IRS990/Form990PartVIISectionAGrp/PersonNm12JOHN MARQUIS
IRS990/Form990PartVIISectionAGrp/PersonNm13MAYUMI YOUNG
IRS990/Form990PartVIISectionAGrp/PersonNm14CLARENCE WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm15JOSE VILLALOBOS
IRS990/Form990PartVIISectionAGrp/PersonNm16BYRON REED
IRS990/Form990PartVIISectionAGrp/PersonNm17ROBERT J DENNEN
IRS990/Form990PartVIISectionAGrp/PersonNm18ROBERTO BARRAGAN
IRS990/Form990PartVIISectionAGrp/PersonNm19ALEX GUERRERO
IRS990/Form990PartVIISectionAGrp/PersonNm20ROBERT LOPEZ
IRS990/Form990PartVIISectionAGrp/PersonNm21ANGELA V STANISLAWSKI
IRS990/Form990PartVIISectionAGrp/PersonNm22LYNN FERNANDEZ
IRS990/Form990PartVIISectionAGrp/PersonNm23ANTINO PIZANO
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17250937
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18402466
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt19206050
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20206880
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt21188922
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt22179352
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt23117821
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER/VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER/VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt18CHIEF EXECUTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt19CHIEF DEVELOPMENT OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt20CHIEF OPERATING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt21VICE PRESIDENT ADMIN
IRS990/Form990PartVIISectionAGrp/TitleTxt22VICE PRESIDENT LENDING
IRS990/Form990PartVIISectionAGrp/TitleTxt23LENDING OFFICER
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01976
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt098012
IRS990/FundraisingDirectExpensesAmt0417175
IRS990/FundraisingGrossIncomeAmt0417175
IRS990/GainOrLossGrp/SecuritiesAmt0-196012
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GovernmentGrantsAmt0685075
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0768641
IRS990/GrossReceiptsAmt09939696
IRS990/GrossRentsGrp/RealAmt038050
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt07
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt012863
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt078436
IRS990/InformationTechnologyGrp/ProgramServicesAmt090066
IRS990/InformationTechnologyGrp/TotalAmt0181365
IRS990/InsuranceGrp/FundraisingAmt02343
IRS990/InsuranceGrp/ManagementAndGeneralAmt031346
IRS990/InsuranceGrp/ProgramServicesAmt060685
IRS990/InsuranceGrp/TotalAmt094374
IRS990/InterestGrp/ProgramServicesAmt01558322
IRS990/InterestGrp/TotalAmt01558322
IRS990/InvestmentIncomeGrp/ExclusionAmt024679
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt024679
IRS990/InvestmentInJointVentureInd01
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt01278483
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0496272
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0964750
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0900102
IRS990/IRPDocumentCnt071
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0997312
IRS990/LandBldgEquipBasisNetGrp/BOYAmt09311705
IRS990/LandBldgEquipBasisNetGrp/EOYAmt09085039
IRS990/LandBldgEquipCostOrOtherBssAmt010082351
IRS990/LegalDomicileStateCd0CA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0964653
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE FINANCING ASSISTANCE, MANAGEMENT CONSULTING, AND TRAINING TO ENTREPRENEURS AND SMALL BUSINESS OWNERS IN AND AROUND LOS ANGELES COUNTY AND THROUGHOUT CALIFORNIA.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt043349939
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt054461500
IRS990/NetAssetsOrFundBalancesBOYAmt025410109
IRS990/NetAssetsOrFundBalancesEOYAmt018508580
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-196012
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-196012
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt038050
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt038050
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt076400
IRS990/OccupancyGrp/ManagementAndGeneralAmt088686
IRS990/OccupancyGrp/ProgramServicesAmt0462132
IRS990/OccupancyGrp/TotalAmt0627218
IRS990/OfficeExpensesGrp/FundraisingAmt06982
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt051673
IRS990/OfficeExpensesGrp/ProgramServicesAmt088571
IRS990/OfficeExpensesGrp/TotalAmt0147226
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01889287
IRS990/OtherAssetsTotalGrp/EOYAmt02405000
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt084194
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt051718
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0779702
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0915614
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1OTHER REAL ESTATE OWNED
IRS990/OtherExpensesGrp/Desc2BANK CHARGES
IRS990/OtherExpensesGrp/Desc3LOAN SERVICE FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt042645
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt175018
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2-1338
IRS990/OtherExpensesGrp/ProgramServicesAmt02092201
IRS990/OtherExpensesGrp/ProgramServicesAmt11179943
IRS990/OtherExpensesGrp/ProgramServicesAmt2101966
IRS990/OtherExpensesGrp/ProgramServicesAmt3135623
IRS990/OtherExpensesGrp/TotalAmt02092201
IRS990/OtherExpensesGrp/TotalAmt11222588
IRS990/OtherExpensesGrp/TotalAmt2176984
IRS990/OtherExpensesGrp/TotalAmt3134285
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0150741
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0150741
IRS990/OtherRevenueTotalAmt0150741
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0452935
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0491549
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt04253783
IRS990/OtherSalariesAndWagesGrp/TotalAmt05198267
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt032640204
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt038561462
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt035495
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt034960
IRS990/PayrollTaxesGrp/ProgramServicesAmt0350274
IRS990/PayrollTaxesGrp/TotalAmt0420729
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt014218106
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt013996168
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt055514
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0147649
IRS990/PrincipalOfficerNm0ROBERT J DENNEN
IRS990/PriorPeriodAdjustmentsAmt0-5
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0525990
IRS990/ProgramServiceRevenueGrp/BusinessCd1525990
IRS990/ProgramServiceRevenueGrp/Desc0LENDING INCOME

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$74,109,440
Liabilities
$55,600,860
Net assets
$18,508,580
Revenue
$8,557,868
Expenses
$15,459,392
Net income
-$6,901,524
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$31.2$29.9$1.26$2.41$5.31$2.90
2019Detailed filing. Detailed filing data is available for this year.$41.1$37.0$4.16$4.60$13.1$8.47
2018Detailed filing. Detailed filing data is available for this year.$58.2$43.5$14.7$8.81$11.7$2.93
2017Detailed filing. Detailed filing data is available for this year.$74.1$55.6$18.5$8.56$15.5$6.90
2016Detailed filing. Detailed filing data is available for this year.$70.1$44.7$25.4$12.9$12.7$0.20
2015Detailed filing. Detailed filing data is available for this year.$68.9$43.2$25.7$12.2$10.0$2.23
2014Detailed filing. Detailed filing data is available for this year.$53.5$30.1$23.4$13.6$8.03$5.57
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$42.5$24.7$17.8$6.75
2012Summary only. Only limited summary data is available for this year.$27.4$14.8$12.7$5.80$5.55$0.24