Civic Intelligence

Southland Economic Development Corporation

990 • Fiscal year 2020 • EIN 95-3560326

Oct 01, 2019 to Sep 30, 2020 • Filed on Feb 11, 2021

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

38th percentile

0.08x

Higher debt load relative to assets than 38% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

48th percentile

0.20x

Higher debt load relative to revenue than 48% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

28th percentile

-3.7%

Higher net margin than 28% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

86th percentile

$274,996

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 9.0% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

34th percentile

1.3%

Faster asset growth than 34% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

38th percentile

-3.1%

Faster revenue growth than 38% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets38th percentile

Assets

Up

$7,618,897

Up $94,885 (+1.3%) from 2019

Net Assets

Up

$7,002,774

Up $137,505 (+2.0%) from 2019

Liabilities

Down

$616,123

Down $42,620 (-6.5%) from 2019

Revenue And Expenses
Liabilities / Revenue48th percentileNet Margin28th percentile

Revenue

Down

$3,062,384

Down $96,810 (-3.1%) from 2019

Expenses

Up

$3,176,445

Up $121,474 (+4.0%) from 2019

Net Income

Down

-$114,061

Down $218,284 (-209%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth34th 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

2020

Assets$7,618,897
Liabilities$616,123
Net Assets$7,002,774
Open 2020 Filing

Operations Trend

Revenue Growth38th 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

2020

Revenue$3,062,384
Expenses$3,176,445
Net Income-$114,061
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Feb 11, 2021
Return Version
2019v5.0
Gross Receipts
$5,421,169
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$4,903,960$3,835,968▼ $1,067,992
Savings and Temporary Cash Investments$1,145,137$1,853,446▲ $708,309
Cash and Non-Interest-Bearing Accounts$536,075$1,200,424▲ $664,349
Other Notes and Loans Receivable, Net$270,686$301,769▲ $31,083
Accounts Receivable$203,586$38,040▼ $165,546
Prepaid Expenses and Deferred Charges$11,628$20,018▲ $8,390
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$7,524,012$7,618,897▲ $94,885
Other Assets Total$452,940$369,232▼ $83,708
Liabilities
Mortgage Notes Payable Secured by Investment Property$532,993$495,873▼ $37,120
Accounts Payable and Accrued Expenses$100,690$118,575▲ $17,885
Other Liabilities$25,060$1,675▼ $23,385
Total Liabilities$658,743$616,123▼ $42,620
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,865,269$7,002,774▲ $137,505
Total Net Assets Fund Balance$6,865,269$7,002,774▲ $137,505
Total Liabilities and Net Assets / Fund Balance$7,524,012$7,618,897▲ $94,885

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$235,413$235,413
Other Land Buildings-$193,182$193,182
Leasehold Improvements-$24,956$24,956
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Matthew DavisPresident & CEOFT$244,507$30,489$274,996
John WeltonVice PresidentFT$206,174$30,229$236,403
Mayra SotoVice PresidentFT$182,006$13,977$195,983
Michael NasrLoan OfficerFT$168,710$18,411$187,121
Jorge PaniaguaLoan OfficerFT$128,813$20,987$149,800
Maria MataVice PresidentFT$127,654$18,830$146,484
Javier JimenezVice PresidentFT$103,813$17,549$121,362

Board Members and Trustees

NameTitle
Gary MartinezChairman
Sam Nangia1st Vice Chair
George Sarantos2nd Vice Chair
Anthony SanchezDirector
Kenneth HernandezDirector
Melanie SmithDirector
Michelle CoberlyDirector
Robert GarciaDirector
Ross BourneDirector
Sergio AguilarDirector
Tim MillsDirector
Wilson JuiDirector
Ron StumpfSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,947,030
Investment Income
$105,947
Other Revenue
$9,407
Change in Net Assets
$-114,061

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,062,384
Revenue Not Reported on Form 990
$251,566
Total Revenue per Audited Statements
$3,313,950
Total Revenue per Form 990
$3,062,384
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,041,555
Other Expenses$1,134,890
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$706,187$269,041-$975,228
Other Salaries and Wages$510,241$309,954-$820,195
Occupancy$100,779$49,012-$149,791
Payroll Taxes$89,416$43,167-$132,583
Other Employee Benefits$44,042$26,621-$70,663
All Other Expenses$41,995$20,291-$62,286
Information Technology$30,319$14,745-$45,064
Pension Plan Contributions$26,653$16,233-$42,886
Other Expenses$38,489$18,481-$38,489
Office Expenses$25,512$12,406-$37,918
Advertising$29,987--$29,987
Insurance$19,381$9,078-$28,459
Fees for Services Accounting$18,682$8,418-$27,100
Fees for Services Other$8,284$3,733-$12,017
Fees for Services Legal$5,416$2,441-$7,857
Conferences and Meetings$1,167$4,488-$5,655
Interest$5,330--$5,330
Travel$4,077--$4,077
Total Functional Expenses$2,368,336$808,109$0$3,176,445

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,176,445
Total Expenses per Audited Statements$3,176,445
Total Expenses per Form 990$3,176,445
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
Borrower and Lender Fee Deposits$1,675
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 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
2021-02-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew Davis
Formed
1980
Legal Domicile
CA
Voting Board Members
14
Independent Board Members
13
Employees
16

Preparer

Firm
Onisko & Scholz Llp
Address
5000 E SPRING ST STE 200, LONG BEACH, CA 90815
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, 2020, the organization did not recognize any amount in potential interest and penalties associated with uncertain tax positions.”

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IRS990/Form990PartVIISectionAGrp/PersonNm11ROSS BOURNE
IRS990/Form990PartVIISectionAGrp/PersonNm12SERGIO AGUILAR
IRS990/Form990PartVIISectionAGrp/PersonNm13Tim Mills
IRS990/Form990PartVIISectionAGrp/PersonNm14SAM NANGIA
IRS990/Form990PartVIISectionAGrp/PersonNm15Wilson Jui
IRS990/Form990PartVIISectionAGrp/PersonNm16MELANIE SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm17MICHELLE COBERLY
IRS990/Form990PartVIISectionAGrp/PersonNm18ROBERT GARCIA
IRS990/Form990PartVIISectionAGrp/PersonNm19KENNETH HERNANDEZ
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3168710
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt4128813
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt5127654
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt6103813
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/TitleTxt0President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt3LOAN OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt4LOAN OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt5Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt6Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt82ND VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt9Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt10Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt141ST VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director
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IRS990/FormationYr01980
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IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
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IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
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IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
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IRS990/GrossReceiptsAmt05421169
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IRS990/IncludeFIN48FootnoteInd0true
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IRS990/IndivRcvdGreaterThan100KCnt07
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt014745
IRS990/InformationTechnologyGrp/ProgramServicesAmt030319
IRS990/InformationTechnologyGrp/TotalAmt045064
IRS990/InsuranceGrp/ManagementAndGeneralAmt09078
IRS990/InsuranceGrp/ProgramServicesAmt019381
IRS990/InsuranceGrp/TotalAmt028459
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ProgramServicesAmt05330
IRS990/InterestGrp/TotalAmt05330
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt0100933
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0100933
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
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IRS990/InvestmentsPubTradedSecGrp/EOYAmt03835968
IRS990/IRPDocumentCnt07
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IRS990/LandBldgEquipAccumDeprecAmt0453551
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IRS990/LandBldgEquipCostOrOtherBssAmt0453551
IRS990/LegalDomicileStateCd0CA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt02358785
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
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0532993
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0495873
IRS990/NetAssetsOrFundBalancesBOYAmt06865269
IRS990/NetAssetsOrFundBalancesEOYAmt07002774
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt05014
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt05014
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0251566
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IRS990/NondeductibleContributionsInd0false
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IRS990/OccupancyGrp/ProgramServicesAmt0100779
IRS990/OccupancyGrp/TotalAmt0149791
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt012406
IRS990/OfficeExpensesGrp/ProgramServicesAmt025512
IRS990/OfficeExpensesGrp/TotalAmt037918
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0452940
IRS990/OtherAssetsTotalGrp/EOYAmt0369232
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt026621
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt044042
IRS990/OtherEmployeeBenefitsGrp/TotalAmt070663
IRS990/OtherExpensesGrp/Desc0COMMISSIONS
IRS990/OtherExpensesGrp/Desc1LOAN PROCESSING FEES
IRS990/OtherExpensesGrp/Desc2AUTO AND LOCAL TRAVEL
IRS990/OtherExpensesGrp/Desc3OUTSIDE COMMISSIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt018481
IRS990/OtherExpensesGrp/ProgramServicesAmt0345126
IRS990/OtherExpensesGrp/ProgramServicesAmt1279253
IRS990/OtherExpensesGrp/ProgramServicesAmt238000
IRS990/OtherExpensesGrp/ProgramServicesAmt338489
IRS990/OtherExpensesGrp/TotalAmt0345126
IRS990/OtherExpensesGrp/TotalAmt1279253
IRS990/OtherExpensesGrp/TotalAmt256481
IRS990/OtherExpensesGrp/TotalAmt338489
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IRS990/OtherLiabilitiesGrp/EOYAmt01675
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISC REVENUE
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt09407
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0510241
IRS990/OtherSalariesAndWagesGrp/TotalAmt0820195
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IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0301769
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt043167
IRS990/PayrollTaxesGrp/ProgramServicesAmt089416
IRS990/PayrollTaxesGrp/TotalAmt0132583
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt016233
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt026653
IRS990/PensionPlanContributionsGrp/TotalAmt042886
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt011628
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt020018
IRS990/PrincipalOfficerNm0MATTHEW DAVIS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/BusinessCd1522291
IRS990/ProgramServiceRevenueGrp/BusinessCd2522291
IRS990/ProgramServiceRevenueGrp/BusinessCd3522291
IRS990/ProgramServiceRevenueGrp/BusinessCd4522291
IRS990/ProgramServiceRevenueGrp/Desc0IRP program
IRS990/ProgramServiceRevenueGrp/Desc1SBA loan escrow
IRS990/ProgramServiceRevenueGrp/Desc2SBA loan processing fee
IRS990/ProgramServiceRevenueGrp/Desc3SBA loan servicing fee
IRS990/ProgramServiceRevenueGrp/Desc4SBA other loan fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt016035
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1169984
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21040281
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt31693922
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt422562

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,618,897
Liabilities
$616,123
Net assets
$7,002,774
Revenue
$3,062,384
Expenses
$3,176,445
Net income
-$114,061
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