Liabilities / Assets
77th percentile
Higher debt load relative to assets than 77% of similar nonprofits.
990 • Fiscal year 2014 • EIN 95-3401510
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
77th percentile
Higher debt load relative to assets than 77% of similar nonprofits.
Liabilities / Revenue
63rd percentile
Higher debt load relative to revenue than 63% of similar nonprofits.
Net Margin
16th percentile
Higher net margin than 16% of similar nonprofits.
Top Officer Pay
95th percentile
Higher top officer pay than 95% of similar nonprofits.
Top officer pay equals 20.2% of source-year revenue.
Asset Growth
7th percentile
Faster asset growth than 7% of similar nonprofits.
Revenue Growth
15th percentile
Faster revenue growth than 15% of similar nonprofits.
Assets
Down$347,112
Down $72,299 (-17%) from 2013
Net Assets
Down$234,145
Down $88,817 (-28%) from 2013
Liabilities
Up$112,967
Up $16,518 (+17%) from 2013
Revenue
Down$643,881
Down $137,252 (-18%) from 2013
Expenses
Down$732,698
Down $47,303 (-6.1%) from 2013
Net Income
Down-$88,817
Down $89,949 (-7946%) from 2013
The organization assists in the economic development activities in california.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Accounts Receivable | $177,080 | $150,003 | ▼ $27,077 |
| Savings and Temporary Cash Investments | $184,723 | $137,567 | ▼ $47,156 |
| Land, Buildings, and Equipment, Net | $18,720 | $33,277 | ▲ $14,557 |
| Prepaid Expenses and Deferred Charges | $32,394 | $19,771 | ▼ $12,623 |
| Cash and Non-Interest-Bearing Accounts | - | $0 | - |
| 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 | - |
| Total Assets | $419,411 | $347,112 | ▼ $72,299 |
| Other Assets Total | $6,494 | $6,494 | → $0 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $96,449 | $112,967 | ▲ $16,518 |
| Total Liabilities | $96,449 | $112,967 | ▲ $16,518 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $322,962 | $234,145 | ▼ $88,817 |
| Total Net Assets Fund Balance | $322,962 | $234,145 | ▼ $88,817 |
| Total Liabilities and Net Assets / Fund Balance | $419,411 | $347,112 | ▼ $72,299 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $22,996 | $107,602 | $130,598 |
| Other Land Buildings | $9,102 | $59,642 | $68,744 |
| Leasehold Improvements | $1,179 | $3,588 | $4,767 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Regina Grant Peterson | President | FT | $123,125 | $7,200 | $130,325 |
| Name | Title |
|---|---|
| Jeffery R Spinelli | Chairperson |
| Gloria Miller | Vice Chairpersn |
| Carol Nelson | Director |
| Dr Jari Faison | Director |
| Hoyt Hochman | Director |
| Jeff Coburn | Director |
| Oscar Edwards | Director |
| Rachel Zippwald | Director |
| Fred T Westberg | Asst. Secretary |
| Fred D Jensen | Asst. Treasurer |
| Theodore Hildreth | Treasurer |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $505,168 |
| Other Expenses | $227,530 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $239,191 | $59,798 | - | $298,989 |
| Current Officers, Directors, Trustees, and Key Employees | $99,257 | $24,814 | - | $124,071 |
| Occupancy | $45,977 | $22,646 | - | $68,623 |
| Other Employee Benefits | $39,069 | $9,767 | - | $48,836 |
| Payroll Taxes | $26,618 | $6,654 | - | $33,272 |
| All Other Expenses | $23,716 | $2,716 | - | $26,432 |
| Conferences and Meetings | $10,536 | $4,515 | - | $15,051 |
| Other Expenses | $9,671 | $13,279 | - | $13,279 |
| Office Expenses | $11,854 | $1,317 | - | $13,171 |
| Insurance | $12,689 | - | - | $12,689 |
| Depreciation Depletion | - | $11,064 | - | $11,064 |
| Fees for Services Accounting | - | $10,250 | - | $10,250 |
| Travel | $6,434 | $2,757 | - | $9,191 |
| Total Functional Expenses | $553,403 | $179,295 | $0 | $732,698 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $732,698 |
| Total Expenses per Audited Statements | $732,698 |
| Total Expenses per Form 990 | $732,698 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Receivables from Disqualified Persons | - | $0 | - |
| Receivables from Officers, Directors, Trustees, and Key Employees | - | $0 | - |
“The corporation conducted business transactions with certain directors and officers of the corporations's board of directors. These activities included business and legal consultation services and were carried out at arm's length.”
“Effective May 21, 2014, the Corporation amended its bylaws since the U.S. Small Business Administration no longer requires CERTIFIED Development Corporations WHICH ARE LICENSED AND CERTIFIED BY THE SBA AS LOAN PACKAGING AND PLACEMENT PROVIDERS AND DIRECT LENDERS to have a voting class of membership. Previously, the Corporation was required to have a minimum of 25 members that met certain qualifications. The members were admitted by approval of the Board of Directors AS WELL AS THE GENERAL MEMBERSHIP. Membership was personal, non-assessable, non transferable and had no right of interest in any property or assets of the Corporation, and they were not liable for any Corporate debts. Previously Directors were required to be members of the Corporation.Under the new Bylaws, only directors are qualified to hold office and the Corporation shall have not less than 9 and not more than 25 directors. Directors shall be elected by a majority vote of directors at the annual meeting. The Directors elect a Chairperson, Vice Chairperson, Treasurer, Assistant Treasurer, Secretary and Assistant Secretary which are all noncompensated, volunteer positions. Also, the title of the officers have changed and now include the positions of Chairperson and Vice Chairperson.Previously, the position of Executive Director was not an officer and/or director position. However, the President is now the Chief Executive OfficeR of the Corporation and is the only position that may be compensated and reports to the Chairperson, the Board of Directors and/or the Executive Committee of the board.”
“The 990 is provided to the members of the board of directors for review at their convenience.”
“Monitoring and enforcement of the conflict of interest policy is done through written notices.”
“The board of directors are knowledgeable of both the financial/lending industry and comparable not for profit organizations. They use this knowledge to ensure that salaries are neither excessive nor unreasonable when the salaries are reviewed and approved.”
“The documents are made available upon request.”
“The Corporation recognizes the financial statement benefit of tax positions, such as filing status of tax exempt, only after determining that the relevant tax authority would more likely than not sustain the position following the audit. It is subject to potential income tax audits on open tax years by any taxing jurisdiction in which it operates. The statute of limitations for federal and California purposes is generally three and four years, respectively.”
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/AccountantCompileOrReviewInd | 0 | false |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 96449 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 112967 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 177080 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 150003 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | THE ORGANIZATION ASSISTS IN THE ECONOMIC DEVELOPMENT ACTIVITIES IN CALIFORNIA. |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 0 |
| IRS990/AllAffiliatesIncludedInd | 0 | false |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 2716 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 23716 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 26432 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/AuditCommitteeInd | 0 | false |
| IRS990/BackupWthldComplianceInd | 0 | false |
| IRS990/BenefitsToMembersGrp/TotalAmt | 0 | 0 |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | PRINCIPAL OFFICER |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 5629837450 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1 | 0 | 11 GOLDEN SHORE SUITE 630 |
| IRS990/BooksInCareOfDetail/USAddress/City | 0 | LONG BEACH |
| IRS990/BooksInCareOfDetail/USAddress/State | 0 | CA |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCode | 0 | 90802 |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 0 |
| IRS990/ChangeToOrgDocumentsInd | 0 | true |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 24814 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 99257 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 124071 |
| IRS990/CompDisqualPersonsGrp/TotalAmt | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | true |
| IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt | 0 | 4515 |
| IRS990/ConferencesMeetingsGrp/ProgramServicesAmt | 0 | 10536 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 15051 |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 222 |
| IRS990/CYOtherExpensesAmt | 0 | 227530 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 643659 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -88817 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 505168 |
| IRS990/CYTotalExpensesAmt | 0 | 732698 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 643881 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | true |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 11064 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 11064 |
| IRS990/Desc | 0 | FACILITATING SMALL BUSINESS ADMINISTRATION LOANS FOR ECONOMIC DEVELOPMENT PURSUANT TO SBA SECTIONS 504 & 7A FOR THE PURPOSE OF EXPANDING SMALL BUSINESS AND CREATING JOBS. |
| IRS990/DescribedInSection501c3Ind | 0 | false |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DistributionToDonorInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | true |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | true |
| IRS990/EmployeeCnt | 0 | 9 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/EscrowAccountInd | 0 | false |
| IRS990/ExcessBusinessHoldingsInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 553403 |
| IRS990/FamilyOrBusinessRlnInd | 0 | true |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 10250 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 10250 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesLobbyingGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesProfFundraising/TotalAmt | 0 | 0 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt | 0 | 0 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignGrantsGrp/TotalAmt | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 0 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 1 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 2 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 3 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 4 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 5 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 6 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 7 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 8 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 9 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 10 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 11 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 11 | 60.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 9 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 10 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 11 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 11 | 7200 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | JEFFERY R SPINELLI |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | GLORIA MILLER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | THEODORE HILDRETH |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | CAROL NELSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | JEFF COBURN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | HOYT HOCHMAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | RACHEL ZIPPWALD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | OSCAR EDWARDS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | DR JARI FAISON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | FRED D JENSEN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | FRED T WESTBERG |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | REGINA GRANT PETERSON |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 123125 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | Chairperson |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | Vice Chairpersn |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | Treasurer |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | ASST. TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | ASST. SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | President |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/Form990TFiledInd | 0 | false |
| IRS990/FormationYr | 0 | 1979 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | true |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 12 |
| IRS990/GrantsToDomesticIndividualsGrp/TotalAmt | 0 | 0 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 0 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 643881 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | true |
| IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | true |
| IRS990/IndependentVotingMemberCnt | 0 | 11 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 0 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 12689 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 12689 |
| IRS990/IntangibleAssetsGrp/EOYAmt | 0 | 0 |
| IRS990/InterestGrp/TotalAmt | 0 | 0 |
| IRS990/InventoriesForSaleOrUseGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 222 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 222 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentsProgramRelatedGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 0 |
| IRS990/InvestTaxExemptBondsInd | 0 | false |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 170832 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 18720 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 33277 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 204109 |
| IRS990/LegalDomicileStateCd | 0 | CA |
| IRS990/LicensedMoreThanOneStateInd | 0 | false |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LobbyingActivitiesInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | THE ORGANIZATION ASSISTS IN THE ECONOMIC DEVELOPMENT ACTIVITIES IN CALIFORNIA. |
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| IRS990/OtherExpensesGrp/Desc | 1 | Printing and Publications |
| IRS990/OtherExpensesGrp/Desc | 2 | TELEPHONE |
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| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | The Corporation recognizes the financial statement benefit of tax positions, such as filing status of tax exempt, only after determining that the relevant tax authority would more likely than not sustain the position following the audit. It is subject to potential income tax audits on open tax years by any taxing jurisdiction in which it operates. The statute of limitations for federal and California purposes is generally three and four years, respectively. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Part X : FIN48 Footnote |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE CORPORATION CONDUCTED BUSINESS TRANSACTIONS WITH CERTAIN DIRECTORS AND OFFICERS OF THE CORPORATIONS'S BOARD OF DIRECTORS. THESE ACTIVITIES INCLUDED BUSINESS AND LEGAL CONSULTATION SERVICES AND WERE CARRIED OUT AT ARM'S LENGTH. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Effective May 21, 2014, the Corporation amended its bylaws since the U.S. Small Business Administration no longer requires CERTIFIED Development Corporations WHICH ARE LICENSED AND CERTIFIED BY THE SBA AS LOAN PACKAGING AND PLACEMENT PROVIDERS AND DIRECT LENDERS to have a voting class of membership. Previously, the Corporation was required to have a minimum of 25 members that met certain qualifications. The members were admitted by approval of the Board of Directors AS WELL AS THE GENERAL MEMBERSHIP. Membership was personal, non-assessable, non transferable and had no right of interest in any property or assets of the Corporation, and they were not liable for any Corporate debts. Previously Directors were required to be members of the Corporation.Under the new Bylaws, only directors are qualified to hold office and the Corporation shall have not less than 9 and not more than 25 directors. Directors shall be elected by a majority vote of directors at the annual meeting. The Directors elect a Chairperson, Vice Chairperson, Treasurer, Assistant Treasurer, Secretary and Assistant Secretary which are all noncompensated, volunteer positions. Also, the title of the officers have changed and now include the positions of Chairperson and Vice Chairperson.Previously, the position of Executive Director was not an officer and/or director position. However, the President is now the Chief Executive OfficeR of the Corporation and is the only position that may be compensated and reports to the Chairperson, the Board of Directors and/or the Executive Committee of the board. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | The 990 is provided to the members of the board of directors for review at their convenience. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | MONITORING AND ENFORCEMENT OF THE CONFLICT OF INTEREST POLICY IS DONE THROUGH WRITTEN NOTICES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE BOARD OF DIRECTORS ARE KNOWLEDGEABLE OF BOTH THE FINANCIAL/LENDING INDUSTRY AND COMPARABLE NOT FOR PROFIT ORGANIZATIONS. THEY USE THIS KNOWLEDGE TO ENSURE THAT SALARIES ARE NEITHER EXCESSIVE NOR UNREASONABLE WHEN THE SALARIES ARE REVIEWED AND APPROVED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THE DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Line 4: Description of Significant Changes to Organizational Documents |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Line 11b: Form 990 Review Process |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Form 990, Part VI, Line 19: Other Organization Documents Publicly Available |
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Displayed year
2014 • Form 990Detailed filing. Detailed filing data is available for this year.