Civic Intelligence

Southland Economic Development Corporation

990 • Fiscal year 2019 • EIN 95-3560326

Oct 01, 2018 to Sep 30, 2019 • Filed on Feb 11, 2020

Organization Profilewww.southlandedc.com
400 N Tustin AveSanta Ana, CA 92705

(714) 868-0010

Siviq Scores

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

Liabilities / Assets

41st percentile

0.09x

Higher debt load relative to assets than 41% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

56th percentile

0.21x

Higher debt load relative to revenue than 56% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

52nd percentile

3.3%

Higher net margin than 52% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

89th percentile

$318,025

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 10.1% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

48th percentile

2.5%

Faster asset growth than 48% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

53rd percentile

4.9%

Faster revenue growth than 53% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets41st percentile

Assets

Up

$7,524,012

Up $182,094 (+2.5%) from 2018

Net Assets

Up

$6,865,269

Up $329,406 (+5.0%) from 2018

Liabilities

Down

$658,743

Down $147,312 (-18%) from 2018

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin52nd percentile

Revenue

Up

$3,159,194

Up $147,116 (+4.9%) from 2018

Expenses

Up

$3,054,971

Up $159,979 (+5.5%) from 2018

Net Income

Down

$104,223

Down $12,863 (-11%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth48th percentile

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

$10M$5.0M$0Assets 2011: $5,801,752Liabilities 2011: $805,783Net Assets 2011: $4,995,9692011Assets 2012: $5,930,308Liabilities 2012: $554,394Net Assets 2012: $5,375,9142012Assets 2013: $5,812,808Liabilities 2013: $251,595Net Assets 2013: $5,561,2132013Assets 2014: $6,089,497Liabilities 2014: $130,508Net Assets 2014: $5,958,9892014Assets 2015: $6,153,001Liabilities 2015: $56,316Net Assets 2015: $6,096,6852015Assets 2016: $6,400,095Liabilities 2016: $109,851Net Assets 2016: $6,290,2442016Assets 2017: $6,459,378Liabilities 2017: $78,094Net Assets 2017: $6,381,2842017Assets 2018: $7,341,918Liabilities 2018: $806,055Net Assets 2018: $6,535,8632018Assets 2019: $7,524,012Liabilities 2019: $658,743Net Assets 2019: $6,865,2692019Assets 2020: $7,618,897Liabilities 2020: $616,123Net Assets 2020: $7,002,7742020Assets 2021: $7,682,940Liabilities 2021: $600,908Net Assets 2021: $7,082,0322021Assets 2022: $7,037,423Liabilities 2022: $534,666Net Assets 2022: $6,502,7572022Assets 2023: $7,873,542Liabilities 2023: $868,596Net Assets 2023: $7,004,9462023Assets 2024: $8,519,163Liabilities 2024: $822,210Net Assets 2024: $7,696,9532024

Highlighted filing

2019

Assets$7,524,012
Liabilities$658,743
Net Assets$6,865,269
Open 2019 Filing

Operations Trend

Revenue Growth53rd percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $3,564,9732011Expenses 2012: $2,617,4992012Expenses 2013: $3,114,2462013Revenue 2014: $3,085,348Expenses 2014: $2,687,572Net Income 2014: $397,7762014Revenue 2015: $2,390,937Expenses 2015: $2,243,684Net Income 2015: $147,2532015Revenue 2016: $2,754,182Expenses 2016: $2,537,639Net Income 2016: $216,5432016Revenue 2017: $2,678,561Expenses 2017: $2,671,565Net Income 2017: $6,9962017Revenue 2018: $3,012,078Expenses 2018: $2,894,992Net Income 2018: $117,0862018Revenue 2019: $3,159,194Expenses 2019: $3,054,971Net Income 2019: $104,2232019Revenue 2020: $3,062,384Expenses 2020: $3,176,445Net Income 2020: -$114,0612020Revenue 2021: $3,372,854Expenses 2021: $3,307,364Net Income 2021: $65,4902021Revenue 2022: $3,204,542Expenses 2022: $3,252,939Net Income 2022: -$48,3972022Revenue 2023: $3,722,427Expenses 2023: $3,273,659Net Income 2023: $448,7682023Revenue 2024: $3,498,036Expenses 2024: $3,199,665Net Income 2024: $298,3712024

Highlighted filing

2019

Revenue$3,159,194
Expenses$3,054,971
Net Income$104,223
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Feb 11, 2020
Return Version
2018v3.1
Gross Receipts
$3,238,340
Mission and Program Overview

Mission

To benefit the communities southland serves by stimulating employment and private investment, expanding the tax base, and increasing business opportunities.

stimulate employment, private investment and expand business opportunities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,532,614$4,903,960▲ $371,346
Savings and Temporary Cash Investments$1,227,092$1,145,137▼ $81,955
Cash and Non-Interest-Bearing Accounts$562,345$536,075▼ $26,270
Other Notes and Loans Receivable, Net$416,664$270,686▼ $145,978
Accounts Receivable$175,250$203,586▲ $28,336
Prepaid Expenses and Deferred Charges$29,092$11,628▼ $17,464
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$7,341,918$7,524,012▲ $182,094
Other Assets Total$398,861$452,940▲ $54,079
Liabilities
Mortgage Notes Payable Secured by Investment Property$693,512$532,993▼ $160,519
Accounts Payable and Accrued Expenses$101,431$100,690▼ $741
Other Liabilities$11,112$25,060▲ $13,948
Total Liabilities$806,055$658,743▼ $147,312
Net Assets / Fund Balance
Unrestricted Net Assets$6,535,863$6,865,269▲ $329,406
Total Net Assets Fund Balance$6,535,863$6,865,269▲ $329,406
Total Liabilities and Net Assets / Fund Balance$7,341,918$7,524,012▲ $182,094

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$235,413$235,413
Other Land Buildings-$193,182$193,182
Leasehold Improvements-$24,957$24,957
Other Assets Org$434,175--
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Matthew DavisPresident & CEOFT$247,777$30,248$318,025
John WeltonVice PresidentFT$202,394$69,238$231,632
Mayra SotoVice PresidentFT$212,058$13,638$225,696
Michael NasrLoan OfficerFT$189,752$16,948$206,700
Jorge PaniaguaLoan OfficerFT$143,645$19,535$163,180
Maria MataVice PresidentFT$125,991$19,859$145,850
Javier JimenezVice PresidentFT$96,638$18,784$115,422

Board Members and Trustees

NameTitle
George SarantosChair
Ron Stumpf1st Vice Chair
Gary Martinez2nd Vice Chair
Anthony SanchezDirector
Doug HargravesDirector
Melanie SmithDirector
Ross BourneDirector
Tim MillsDirector
Wilson JuiDirector
Sam NangiaSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,989,040
Investment Income
$170,154
Other Revenue
$0
Change in Net Assets
$104,223

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,159,194
Revenue Not Reported on Form 990
$225,183
Total Revenue per Audited Statements
$3,384,377
Total Revenue per Form 990
$3,159,194
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,981,110
Other Expenses$1,073,861
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$730,924$305,701-$1,036,625
Other Salaries and Wages$432,602$280,006-$712,608
Payroll Taxes$85,179$40,652-$125,831
Occupancy$82,194$38,643-$120,837
Other Employee Benefits$43,135$23,679-$66,814
Advertising$66,478--$66,478
All Other Expenses$52,363$12,835-$65,198
Information Technology$29,159$13,995-$43,154
Office Expenses$27,875$13,381-$41,256
Pension Plan Contributions$25,234$13,998-$39,232
Other Expenses$30,063$18,693-$30,063
Insurance$18,949$8,751-$27,700
Fees for Services Accounting$18,661$8,339-$27,000
Fees for Services Other$7,917$3,537-$11,454
Conferences and Meetings$1,627$8,400-$10,027
Interest$6,530--$6,530
Travel$6,209--$6,209
Total Functional Expenses$2,264,361$790,610$0$3,054,971

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,054,971
Total Expenses per Audited Statements$3,054,971
Total Expenses per Form 990$3,054,971
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
Rebates Payable$20,000
Borrower and Lender Fee Deposits$5,060
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The executive committee of the board of directors reviews the form 990 and communicates with auditors in preparation of the final draft. The final draft is presented to the executive committee for approval prior to filing.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“For each conflict of interest disclosed, the board of directors or executive committee will determine whether the organization should (a) take no action, (b) invite discussion by the full board of what action to take, or (c) refrain from taking action and otherwise avoid the conflict.”

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

“The organization's board of directors approves compensation of officers and key employees.”

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

“The organization makes its governing documents and financial statements available to the public upon request. Copy of form 990 is available at guidestar.org”

Filing and Contact Details

Filer

Filer Name
Southland Economic Development
EIN
95-3560326
Phone
7148680010
Address
400 N Tustin Ave, Santa Ana, CA 92705

Signing Officer

Name
Matthew Davis
Title
President
Signed
2020-02-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew Davis
Formed
1980
Legal Domicile
CA
Voting Board Members
11
Independent Board Members
10
Employees
16

Preparer

Firm
Onisko & Scholz Llp
Address
5000 E SPRING ST STE 200, LONG BEACH, CA 90815-5215
Preparer
Cynthia D Schoelen CPA
Phone
5624203100
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2: Change of Oversight or Selection Process

“There have been no changes in the oversight or selection processes during the year.”

Financial Statement Notes

Part X : FIN48 Footnote

“The organization recognizes the impact of tax positions in the financial statements if that position is more likely than not of being sustained in an audit, based on the technical merits of the position. To date, the organization has not recorded any uncertain tax positions. During the year ended september 30, 2019, the organization did not recognize any amount in potential interest and penalties associated with uncertain tax positions.”

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16143645
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/TitleTxt0President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt31ST VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt42ND VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt12Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt13Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt14Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt15LOAN OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt16LOAN OFFICER
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IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/SecuritiesAmt021413
IRS990/GamingActivitiesInd0false
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IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
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IRS990/GrossReceiptsAmt03238340
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IRS990/IncludeFIN48FootnoteInd0true
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IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt013995
IRS990/InformationTechnologyGrp/ProgramServicesAmt029159
IRS990/InformationTechnologyGrp/TotalAmt043154
IRS990/InsuranceGrp/ManagementAndGeneralAmt08751
IRS990/InsuranceGrp/ProgramServicesAmt018949
IRS990/InsuranceGrp/TotalAmt027700
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ProgramServicesAmt06530
IRS990/InterestGrp/TotalAmt06530
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt0148741
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0148741
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
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IRS990/InvestmentsPubTradedSecGrp/EOYAmt04903960
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IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipCostOrOtherBssAmt0453552
IRS990/LegalDomicileStateCd0CA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt079146
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE MISSION OF SOUTHLAND ECONOMIC DEVELOPMENT CORP. ("SOUTHLAND") IS TO BENEFIT THE COMMUNITIES IT SERVES BY STIMULATING EMPLOYMENT AND PRIVATE INVESTMENT, EXPANDING THE TAX BASE, AND INCREASING BUSINESS OPPORUNITIES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0532993
IRS990/NetAssetsOrFundBalancesBOYAmt06535863
IRS990/NetAssetsOrFundBalancesEOYAmt06865269
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt021413
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt021413
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0225183
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt038643
IRS990/OccupancyGrp/ProgramServicesAmt082194
IRS990/OccupancyGrp/TotalAmt0120837
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt013381
IRS990/OfficeExpensesGrp/ProgramServicesAmt027875
IRS990/OfficeExpensesGrp/TotalAmt041256
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt0398861
IRS990/OtherAssetsTotalGrp/EOYAmt0452940
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt023679
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt043135
IRS990/OtherEmployeeBenefitsGrp/TotalAmt066814
IRS990/OtherExpensesGrp/Desc0LOAN PROCESSING FEES
IRS990/OtherExpensesGrp/Desc1COMMISSIONS
IRS990/OtherExpensesGrp/Desc2AUTO AND LOCAL TRAVEL
IRS990/OtherExpensesGrp/Desc3OUTSIDE COMMISSIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt018693
IRS990/OtherExpensesGrp/ProgramServicesAmt0301565
IRS990/OtherExpensesGrp/ProgramServicesAmt1258750
IRS990/OtherExpensesGrp/ProgramServicesAmt238947
IRS990/OtherExpensesGrp/ProgramServicesAmt330063
IRS990/OtherExpensesGrp/TotalAmt0301565
IRS990/OtherExpensesGrp/TotalAmt1258750
IRS990/OtherExpensesGrp/TotalAmt257640
IRS990/OtherExpensesGrp/TotalAmt330063
IRS990/OtherLiabilitiesGrp/BOYAmt011112
IRS990/OtherLiabilitiesGrp/EOYAmt025060
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0280006
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0432602
IRS990/OtherSalariesAndWagesGrp/TotalAmt0712608
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0416664
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0270686
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt040652
IRS990/PayrollTaxesGrp/ProgramServicesAmt085179
IRS990/PayrollTaxesGrp/TotalAmt0125831
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt013998
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt025234
IRS990/PensionPlanContributionsGrp/TotalAmt039232
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt029092
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011628
IRS990/PrincipalOfficerNm0MATTHEW DAVIS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/BusinessCd1522291
IRS990/ProgramServiceRevenueGrp/BusinessCd2522291
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IRS990/ProgramServiceRevenueGrp/BusinessCd4522291
IRS990/ProgramServiceRevenueGrp/Desc0IRP program
IRS990/ProgramServiceRevenueGrp/Desc1SBA loan escrow
IRS990/ProgramServiceRevenueGrp/Desc2SBA loan processing fee
IRS990/ProgramServiceRevenueGrp/Desc3SBA loan servising fee
IRS990/ProgramServiceRevenueGrp/Desc4SBA other loan fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt011703
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1396201
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2834379
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt31733137
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt46902
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt011703
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1396201
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2834379
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt31733137
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt46902
IRS990/ProgSrvcAccomActy2Grp/Desc0SOUTHLAND ADMINISTERS INTERMEDIARY RELENDING PROGRAM (IRP) FROM U.S. DEPARTMENT OF AGRICULTURE, WHICH PROVIDES LOW INTEREST LOANS TO QUALIFIED BUSINESSES IN RURAL COMMUNITIES TO IMPROVE ECONOMIC CONDITIONS AND CREATE JOBS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt011538
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt011703
IRS990/ProgSrvcAccomActy3Grp/Desc0SOUTHLAND ADMINISTERS A REVOLVING LOAN FUND (RLF) THROUGH A GRANT FROM THE ECONOMIC DEVELOPMENT ADMINISTRATION OF U.S. DEPARTMENT OF COMMERCE. UNDER THE TERMS OF THE GRANT, THE ORGANIZATION WILL USE THE FUND PROCEEDS TO ASSIST PRIVATE, FOR PROFIT BUSINESSE THAT ARE OTHERWISE UNABLE TO SECURE CONVENTIONAL FINANCING AND WHO WILL BE CREATING JOBS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt06517
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt06718
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt074872
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0132656
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IRS990/PYOtherExpensesAmt0976718
IRS990/PYOtherRevenueAmt039
IRS990/PYProgramServiceRevenueAmt02804511
IRS990/PYRevenuesLessExpensesAmt0117086
IRS990/PYSalariesCompEmpBnftPaidAmt01918274
IRS990/PYTotalExpensesAmt02894992

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,524,012
Liabilities
$658,743
Net assets
$6,865,269
Revenue
$3,159,194
Expenses
$3,054,971
Net income
$104,223
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.52$0.82$7.70$3.50$3.20$0.30
2023Detailed filing. Detailed filing data is available for this year.$7.87$0.87$7.00$3.72$3.27$0.45
2022Detailed filing. Detailed filing data is available for this year.$7.04$0.53$6.50$3.20$3.25$0.05
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.68$0.60$7.08$3.37$3.31$0.07
2020Detailed filing. Detailed filing data is available for this year.$7.62$0.62$7.00$3.06$3.18$0.11
2019Detailed filing. Detailed filing data is available for this year.$7.52$0.66$6.87$3.16$3.05$0.10
2018Detailed filing. Detailed filing data is available for this year.$7.34$0.81$6.54$3.01$2.89$0.12
2017Detailed filing. Detailed filing data is available for this year.$6.46$0.08$6.38$2.68$2.67$0.01
2016Detailed filing. Detailed filing data is available for this year.$6.40$0.11$6.29$2.75$2.54$0.22
2015Detailed filing. Detailed filing data is available for this year.$6.15$0.06$6.10$2.39$2.24$0.15
2014Detailed filing. Detailed filing data is available for this year.$6.09$0.13$5.96$3.09$2.69$0.40
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.81$0.25$5.56$3.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.93$0.55$5.38$2.62
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.80$0.81$5.00$3.56