Civic Intelligence

Community Housing Works Realty & Lending

990 • Fiscal year 2017 • EIN 95-3685889

Jan 01, 2017 to Dec 31, 2017 • Filed on Sep 06, 2018

4351 Latham StreetRiverside, CA 92501

(888) 983-2344

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$9,191,951

Flat from 2017

Net Assets

Flat

$8,858,618

Flat from 2017

Liabilities

Flat

$333,333

Flat from 2017

Revenue And Expenses

Revenue

Flat

$2,696,179

Flat from 2017

Expenses

Flat

$3,639,307

Flat from 2017

Net Income

Flat

-$943,128

Flat from 2017

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $10,541,544Liabilities 2010: $5,698,276Net Assets 2010: $4,843,2682010Assets 2011: $14,284,093Liabilities 2011: $8,520,440Net Assets 2011: $5,763,6532011Assets 2012: $13,409,978Liabilities 2012: $7,237,745Net Assets 2012: $6,172,2332012Assets 2013: $11,679,347Liabilities 2013: $5,299,431Net Assets 2013: $6,379,9162013Assets 2014: $14,035,900Liabilities 2014: $5,956,519Net Assets 2014: $8,079,3812014Assets 2015: $11,060,545Liabilities 2015: $341,436Net Assets 2015: $10,719,1092015Assets 2016: $10,483,849Liabilities 2016: $405,397Net Assets 2016: $10,078,4522016Assets 2017: $9,191,951Liabilities 2017: $333,333Net Assets 2017: $8,858,6182017Assets 2017: $9,191,951Liabilities 2017: $333,333Net Assets 2017: $8,858,6182017Assets 2018: $9,338,614Liabilities 2018: $2,666,476Net Assets 2018: $6,672,1382018Assets 2019: $9,261,266Liabilities 2019: $2,966,383Net Assets 2019: $6,294,8832019Assets 2020: $9,545,566Liabilities 2020: $862,925Net Assets 2020: $8,682,6412020Assets 2021: $9,572,019Liabilities 2021: $707,311Net Assets 2021: $8,864,7082021Assets 2022: $9,349,739Liabilities 2022: $700,952Net Assets 2022: $8,648,7872022Assets 2023: $9,636,256Liabilities 2023: $1,164,030Net Assets 2023: $8,472,2262023Assets 2024: $10,399,688Liabilities 2024: $1,648,729Net Assets 2024: $8,750,9592024

Highlighted filing

2017

Assets$9,191,951
Liabilities$333,333
Net Assets$8,858,618

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MExpenses 2010: $676,4322010Expenses 2011: $2,717,5692011Revenue 2012: $3,684,198Expenses 2012: $3,275,618Net Income 2012: $408,5802012Revenue 2013: $2,790,152Expenses 2013: $2,582,469Net Income 2013: $207,6832013Revenue 2014: $4,070,519Expenses 2014: $2,371,054Net Income 2014: $1,699,4652014Revenue 2015: $3,997,173Expenses 2015: $2,596,138Net Income 2015: $1,401,0352015Revenue 2016: $3,106,525Expenses 2016: $2,050,974Net Income 2016: $1,055,5512016Revenue 2017: $2,696,179Expenses 2017: $3,639,307Net Income 2017: -$943,1282017Revenue 2017: $2,696,179Expenses 2017: $3,639,307Net Income 2017: -$943,1282017Revenue 2018: $743,000Expenses 2018: $2,929,871Net Income 2018: -$2,186,8712018Revenue 2019: $1,850,444Expenses 2019: $2,433,659Net Income 2019: -$583,2152019Revenue 2020: $3,406,050Expenses 2020: $1,411,241Net Income 2020: $1,994,8092020Revenue 2021: $676,910Expenses 2021: $494,843Net Income 2021: $182,0672021Revenue 2022: $168,905Expenses 2022: $384,826Net Income 2022: -$215,9212022Revenue 2023: $225,180Expenses 2023: $401,741Net Income 2023: -$176,5612023Revenue 2024: $710,976Expenses 2024: $432,243Net Income 2024: $278,7332024

Highlighted filing

2017

Revenue$2,696,179
Expenses$3,639,307
Net Income-$943,128
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Sep 6, 2018
Return Version
2017v2.2
Gross Receipts
$2,696,179
Mission and Program Overview

Mission

Springboard cdfi is a 501(c)3 nonprofit corporation incorporated on february 25, 1982 with a mission to bridge the wealth gap in america by bringing scaled solutions and access to capital to underserved markets. Having been in the business for over 30 years, springboard cdfi walks first-time homebuyers through the process, making sure they understand every step, and delivering loans at the best rates and terms available. Springboard cdfi also operates as springboard home loans and leads the efforts of the nationwide mortgage collaborative as the host community development financial institution ("cdfi") and provider of technology, access to capital markets, and fulfillment solutions.

Bridging the wealth gap in america by providing scaled solutions and access to capital; with a focus on first-time homebuyers, people of color, and rural communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$7,398,920$7,209,037▼ $189,883
Cash and Non-Interest-Bearing Accounts$1,430,948$326,978▼ $1,103,970
Land, Buildings, and Equipment, Net$375,442$326,832▼ $48,610
Pledges and Grants Receivable$24,621$3,322▼ $21,299
Accounts Receivable$1,750$1,934▲ $184
Prepaid Expenses and Deferred Charges$38,404$773▼ $37,631
Savings and Temporary Cash Investments-$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$10,483,849$9,191,951▼ $1,291,898
Other Assets Total$1,213,764$1,323,075▲ $109,311
Liabilities
Accounts Payable and Accrued Expenses$123,877$213,725▲ $89,848
Other Liabilities$274,398$116,479▼ $157,919
Mortgage Notes Payable Secured by Investment Property$7,122$3,129▼ $3,993
Total Liabilities$405,397$333,333▼ $72,064
Net Assets / Fund Balance
Temporarily Rstr Net Assets$7,597,874$7,264,935▼ $332,939
Unrestricted Net Assets$2,480,578$1,593,683▼ $886,895
Total Net Assets Fund Balance$10,078,452$8,858,618▼ $1,219,834
Total Liabilities and Net Assets / Fund Balance$10,483,849$9,191,951▼ $1,291,898

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$326,832$243,597$570,429
Other Assets Org$1,323,075--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gabe Del RioPresidentFT$210,000$5,868$215,868
Angelique CapalboVP LendingFT$156,192$11,355$167,547
Jamil AtchaEx Vice PresideFT$142,219-$142,219
Matt CallahanVP SalesFT$121,672-$121,672

Board Members and Trustees

NameTitle
Todd EmersonChairman
Curtis ParadzickDirector
Denis GitschierDirector
John PerlsteinDirector
Steven ClarkDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,779,036
Program Service Revenue
$917,116
Investment Income
$27
Other Revenue
$0
All Other Contributions
$1,462,238
Change in Net Assets
$-943,128

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,696,179
Revenue Not Reported on Form 990
$56,627
Total Revenue per Audited Statements
$2,752,806
Total Revenue per Form 990
$2,696,179
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,919,186
Salaries, Compensation, and Employee Benefits$1,720,121
Total Fundraising Expense$11,171
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$703,371$138,138-$841,509
Current Officers, Directors, Trustees, and Key Employees-$647,306-$647,306
Fees for Services Management-$459,163-$459,163
Depreciation Depletion-$219,008-$219,008
Fees for Services Other$97,630$93,728$5,019$196,377
Payroll Taxes$77,168$73,147-$150,315
All Other Expenses$85,219$39,583$6,152$130,954
Advertising$45,971$71,537-$117,508
Other Expenses$97,851$29,859-$97,851
Occupancy-$91,974-$91,974
Insurance$26,528$57,792-$84,320
Other Employee Benefits$47,936$33,055-$80,991
Travel$54,812$21,211-$76,023
Information Technology$3,473$38,695-$42,168
Fees for Services Legal-$17,442-$17,442
Office Expenses$6,989$7,585-$14,574
Interest-$4,065-$4,065
Total Functional Expenses$1,582,670$2,045,466$11,171$3,639,307

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,639,307
Expenses per Audited Statements$3,531,171
Total Expenses per Audited Statements$3,531,171
Expenses Not Reported on Financial Statements$108,136
Other Expense Adjustments$108,136
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
Accrued Expenses$116,479
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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 990 is reviewed internally and then presented to the audit committee for review and approval prior to filing.

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

In case of a conflict of interest issue, the board would review the situation. There are no known conflicts of interest for the current tax year.

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

The organization uses independent persons and contemporaneous substantiation to determine salaries.

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

The organization uses independent persons and contemporaneous substantiation to determine salaries.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

The organization will provide a copy to persons making a written request.

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

The organization will provide the governing documents, policies and financial statements to any person who requests this information in writing. This information can be obtained in the form of pdf documents.

Filing and Contact Details

Filer

Filer Name
Springboard Cdfi
EIN
95-3685889
Phone
8889832344
Address
4351 LATHAM STREET, RIVERSIDE, CA 92501

Signing Officer

Name
Todd Emerson
Title
Chairman
Signed
2018-09-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gabe Del Rio
Formed
1982
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
31

Preparer

Firm
CWDL CPAs
Address
5151 Murphy Canyon Rd Ste 135, San Diego, CA 92123
Preparer
Mark Wilson CPA
Phone
8585652700
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

Transfer of net assets = -$333333

Amended Explanation

A grant received of $300,000 was inadvertently left off the list of schedule of contributors. In addition, there was another grant that was not segregated as government grant income of $16,798.

Financial Statement Notes

Part X : FIN48 Footnote

Springboard cdfi is a public charity and is exempt from income taxes under section 501(c)3 of the internal revenue code and section 23701(d) of the california revenue and taxation code. Springboard cdfi believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. Springboard cdfi is not a private foundation. Springboard cdfi's return of organization exempt from income tax for the years ended december 31, 2017, 2016, 2015 and 2014 is subject to examination by the internal revenue service and state taxing authorities, generally three to four years after the returns were filed.

Part XII, Line 4B: Other revenue amounts included on 990 but not included in F/S

Depreciation expense 2017 $108136

Raw XML AppendixShowing 400 of 531 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/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0123877
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0213725
IRS990/AccountsReceivableGrp/BOYAmt01750
IRS990/AccountsReceivableGrp/EOYAmt01934
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0BRIDGING THE WEALTH GAP IN AMERICA BY PROVIDING SCALED SOLUTIONS AND ACCESS TO CAPITAL; WITH A FOCUS ON FIRST-TIME HOMEBUYERS, PEOPLE OF COLOR, AND RURAL COMMUNITIES.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt071537
IRS990/AdvertisingGrp/ProgramServicesAmt045971
IRS990/AdvertisingGrp/TotalAmt0117508
IRS990/AllAffiliatesIncludedInd0false
IRS990/AllOtherContributionsAmt01462238
IRS990/AllOtherExpensesGrp/FundraisingAmt06152
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt039583
IRS990/AllOtherExpensesGrp/ProgramServicesAmt085219
IRS990/AllOtherExpensesGrp/TotalAmt0130954
IRS990/AmendedReturnInd0X
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0false
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0TED QUITASOL
IRS990/BooksInCareOfDetail/PhoneNum09517797703
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt04351 LATHAM STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0RIVERSIDE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd092501
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt01430948
IRS990/CashNonInterestBearingGrp/EOYAmt0326978
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0647306
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0647306
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01779036
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt027
IRS990/CYOtherExpensesAmt01919186
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0917116
IRS990/CYRevenuesLessExpensesAmt0-943128
IRS990/CYSalariesCompEmpBnftPaidAmt01720121
IRS990/CYTotalExpensesAmt03639307
IRS990/CYTotalFundraisingExpenseAmt011171
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02696179
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0219008
IRS990/DepreciationDepletionGrp/TotalAmt0219008
IRS990/Desc0THROUGH ITS COMBINED PRODUCTS AND SERVICES, SPRINGBOARD CDFI ASSISTED 1,102 CONSUMERS IN THE HOMEOWNERSHIP PROCESS IN 2017, DEPLOYING OVER $9M IN SPECIALTY MORTGAGE FINANCING.SPRINGBOARD CDFI IS A US TREASURY CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION, PROVIDING DOWN-PAYMENT, FIRST MORTGAGE, AND CLOSING COST LOANS FOR THE PRIMARY BENEFIT OF LOW TO MODERATE INCOME (LMI) FIRST-TIME HOMEBUYERS IN COMMUNITIES GENERALLY OBSERVED BY TRADITIONAL LENDERS. SPRINGBOARD CDFI OFFERS A VARIETY OF LOAN PROGRAMS IN PARTNERSHIP WITH FINANCIAL INSTITUTIONS AND OTHER PARTNERS AND ALSO ORIGINATES OR SERVICES A VARIETY OF DOWN-PAYMENT AND SPECIAL PROGRAMS, EITHER FROM ITS OWN FUNDS, BROKERED THROUGH BANK LENDING PARTNERS, OR AS THE ADMINISTRATOR ON BEHALF OF GOVERNMENT OR NONPROFIT ENTITIES.THE LOAN ASSETS OF SPRINGBOARD CDFI WERE ORIGINATED UNDER THE FOLLOWING PROGRAMS:COST ASSISTANCE SUPPORT FOR HOMEBUYERS (CASH):THIS LOAN PROGRAM PROVIDES DOWN-PAYMENT AND CLOSING COST ASSISTANCE FOR QUALIFYING FIRST-TIME HOMEBUYERS WHO HAVE SOME LIQUID ASSETS, BUT STILL NEED ADDITIONAL FUNDS. SPRINGBOARD CDFI CHARGES A LOW FIXED INTEREST RATE UNDER THIS PROGRAM WHEREBY THESE LOANS ARE FULLY AMORTIZED WITH TEN-YEAR TERMS AND CAN BE DEFERRED FOR UP TO FIVE YEARS BASED UPON THE BORROWER'S ABILITY TO PAY.CALHOME:CALHOME LOAN FUNDS ALLOW FIRST-TIME HOMEBUYERS EARNING LESS THAN 80% OF AREA MEDIAN INCOME TO OBTAIN FULLY DEFERRED DOWN-PAYMENT LOANS AT 3% INTEREST. REPAYMENT OF THESE LOANS IS DEFERRED UNTIL THE SALE OR REFINANCING OF THE PROPERTY.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt031
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/ExpenseAmt01582670
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt00
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt017442
IRS990/FeesForServicesLegalGrp/TotalAmt017442
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt0459163
IRS990/FeesForServicesManagementGrp/TotalAmt0459163
IRS990/FeesForServicesOtherGrp/FundraisingAmt05019
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt093728
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt097630
IRS990/FeesForServicesOtherGrp/TotalAmt0196377
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt540.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt640.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt740.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt840.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
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/PersonNm0TODD EMERSON
IRS990/Form990PartVIISectionAGrp/PersonNm1JOHN PERLSTEIN
IRS990/Form990PartVIISectionAGrp/PersonNm2DENIS GITSCHIER
IRS990/Form990PartVIISectionAGrp/PersonNm3STEVEN CLARK
IRS990/Form990PartVIISectionAGrp/PersonNm4CURTIS PARADZICK
IRS990/Form990PartVIISectionAGrp/PersonNm5JAMIL ATCHA
IRS990/Form990PartVIISectionAGrp/PersonNm6ANGELIQUE CAPALBO
IRS990/Form990PartVIISectionAGrp/PersonNm7GABE DEL RIO
IRS990/Form990PartVIISectionAGrp/PersonNm8MATT CALLAHAN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt5142219
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt6167547
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7215868
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8121672
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/TitleTxt0Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5EX VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt6VP LENDING
IRS990/Form990PartVIISectionAGrp/TitleTxt7President
IRS990/Form990PartVIISectionAGrp/TitleTxt8VP SALES
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0false
IRS990/FormationYr01982
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GovernmentGrantsAmt0316798
IRS990/GrantAmt01615576
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt02696179
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt04
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt038695
IRS990/InformationTechnologyGrp/ProgramServicesAmt03473
IRS990/InformationTechnologyGrp/TotalAmt042168
IRS990/InsuranceGrp/ManagementAndGeneralAmt057792
IRS990/InsuranceGrp/ProgramServicesAmt026528
IRS990/InsuranceGrp/TotalAmt084320
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt04065
IRS990/InterestGrp/TotalAmt04065
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt027
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt027
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt021
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0243597
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0375442
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0326832
IRS990/LandBldgEquipCostOrOtherBssAmt0570429
IRS990/LegalDomicileStateCd0CA
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0SPRINGBOARD CDFI IS A 501(C)3 NONPROFIT CORPORATION INCORPORATED ON FEBRUARY 25, 1982 WITH A MISSION TO BRIDGE THE WEALTH GAP IN AMERICA BY BRINGING SCALED SOLUTIONS AND ACCESS TO CAPITAL TO UNDERSERVED MARKETS. HAVING BEEN IN THE BUSINESS FOR OVER 30 YEARS, SPRINGBOARD CDFI WALKS FIRST-TIME HOMEBUYERS THROUGH THE PROCESS, MAKING SURE THEY UNDERSTAND EVERY STEP, AND DELIVERING LOANS AT THE BEST RATES AND TERMS AVAILABLE. SPRINGBOARD CDFI ALSO OPERATES AS SPRINGBOARD HOME LOANS AND LEADS THE EFFORTS OF THE NATIONWIDE MORTGAGE COLLABORATIVE AS THE HOST COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION ("CDFI") AND PROVIDER OF TECHNOLOGY, ACCESS TO CAPITAL MARKETS, AND FULFILLMENT SOLUTIONS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt07122
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03129
IRS990/NetAssetsOrFundBalancesBOYAmt010078452
IRS990/NetAssetsOrFundBalancesEOYAmt08858618
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt056627
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt091974
IRS990/OccupancyGrp/TotalAmt091974
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt07585
IRS990/OfficeExpensesGrp/ProgramServicesAmt06989
IRS990/OfficeExpensesGrp/TotalAmt014574
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt01213764
IRS990/OtherAssetsTotalGrp/EOYAmt01323075
IRS990/OtherChangesInNetAssetsAmt0-333333
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt033055
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt047936
IRS990/OtherEmployeeBenefitsGrp/TotalAmt080991
IRS990/OtherExpensesGrp/Desc0LOAN PROCESSING COSTS
IRS990/OtherExpensesGrp/Desc1TAXES AND LICENSES
IRS990/OtherExpensesGrp/Desc2BUSINESS DEVELOPMENT
IRS990/OtherExpensesGrp/Desc3TRANSACTOIN RELATED
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02178
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt129859
IRS990/OtherExpensesGrp/ProgramServicesAmt0134728
IRS990/OtherExpensesGrp/ProgramServicesAmt1118674
IRS990/OtherExpensesGrp/ProgramServicesAmt282320
IRS990/OtherExpensesGrp/ProgramServicesAmt397851
IRS990/OtherExpensesGrp/TotalAmt0134728
IRS990/OtherExpensesGrp/TotalAmt1120852
IRS990/OtherExpensesGrp/TotalAmt2112179
IRS990/OtherExpensesGrp/TotalAmt397851
IRS990/OtherInd0X
IRS990/OtherLiabilitiesGrp/BOYAmt0274398
IRS990/OtherLiabilitiesGrp/EOYAmt0116479
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0138138
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0703371
IRS990/OtherSalariesAndWagesGrp/TotalAmt0841509
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt07398920
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt07209037
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt073147
IRS990/PayrollTaxesGrp/ProgramServicesAmt077168
IRS990/PayrollTaxesGrp/TotalAmt0150315
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt024621
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt03322
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt038404
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0773
IRS990/PrincipalOfficerNm0GABE DEL RIO
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522292
IRS990/ProgramServiceRevenueGrp/BusinessCd1522292
IRS990/ProgramServiceRevenueGrp/BusinessCd2522292
IRS990/ProgramServiceRevenueGrp/Desc0LOAN AND BROKER FEES
IRS990/ProgramServiceRevenueGrp/Desc1LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/Desc2PROCESSING FEES AND OTHER
IRS990/ProgramServiceRevenueGrp/ExclusionAmt0670672
IRS990/ProgramServiceRevenueGrp/ExclusionAmt1231944
IRS990/ProgramServiceRevenueGrp/ExclusionAmt214500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0670672
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1231944
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt214500
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt02539123
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt021027
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01045869
IRS990/PYProgramServiceRevenueAmt0546375
IRS990/PYRevenuesLessExpensesAmt01055551
IRS990/PYSalariesCompEmpBnftPaidAmt01005105
IRS990/PYTotalExpensesAmt02050974
IRS990/PYTotalRevenueAmt03106525
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-943128
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0629983
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01779036
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02539123
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt03210262
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01803112
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0933000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt010264533
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt027
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt026
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt028
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt028
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt039
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0148
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt010264533
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01779036
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02539123
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt03210262
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01803112
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0933000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt010264533
IRS990ScheduleA/TotalSupportAmt010264681
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt0326832
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0243597
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0570429
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0108136
IRS990ScheduleD/ExpensesSubtotalAmt03531171
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt056627
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01323075
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0INTERCOMPANY RECEIVABLE
IRS990ScheduleD/OtherExpensesNotIncludedAmt0108136
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0116479
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED EXPENSES
IRS990ScheduleD/RevenueNotReportedAmt056627
IRS990ScheduleD/RevenueSubtotalAmt02696179
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SPRINGBOARD CDFI IS A PUBLIC CHARITY AND IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)3 OF THE INTERNAL REVENUE CODE AND SECTION 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE. SPRINGBOARD CDFI BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. SPRINGBOARD CDFI IS NOT A PRIVATE FOUNDATION. SPRINGBOARD CDFI'S RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX FOR THE YEARS ENDED DECEMBER 31, 2017, 2016, 2015 AND 2014 IS SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND STATE TAXING AUTHORITIES, GENERALLY THREE TO FOUR YEARS AFTER THE RETURNS WERE FILED.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1DEPRECIATION EXPENSE 2017 $108136
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0326832
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01323075
IRS990ScheduleD/TotalExpensesPerForm990Amt03639307
IRS990ScheduleD/TotalLiabilityAmt0116479
IRS990ScheduleD/TotalRevenuePerForm990Amt02696179
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02752806
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03531171
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$10.4$1.65$8.75$0.71$0.43$0.28
2023Detailed filing. Detailed filing data is available for this year.$9.64$1.16$8.47$0.23$0.40$0.18
2022Detailed filing. Detailed filing data is available for this year.$9.35$0.70$8.65$0.17$0.38$0.22
2021Detailed filing. Detailed filing data is available for this year.$9.57$0.71$8.86$0.68$0.49$0.18
2020Detailed filing. Detailed filing data is available for this year.$9.55$0.86$8.68$3.41$1.41$1.99
2019Detailed filing. Detailed filing data is available for this year.$9.26$2.97$6.29$1.85$2.43$0.58
2018Detailed filing. Detailed filing data is available for this year.$9.34$2.67$6.67$0.74$2.93$2.19
2017Detailed filing. Detailed filing data is available for this year.$9.19$0.33$8.86$2.70$3.64$0.94
2017Detailed filing. Detailed filing data is available for this year.$9.19$0.33$8.86$2.70$3.64$0.94
2016Detailed filing. Detailed filing data is available for this year.$10.5$0.41$10.1$3.11$2.05$1.06
2015Summary only. Only limited summary data is available for this year.$11.1$0.34$10.7$4.00$2.60$1.40
2014Detailed filing. Detailed filing data is available for this year.$14.0$5.96$8.08$4.07$2.37$1.70
2013Detailed filing. Detailed filing data is available for this year.$11.7$5.30$6.38$2.79$2.58$0.21
2012Summary only. Only limited summary data is available for this year.$13.4$7.24$6.17$3.68$3.28$0.41
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.3$8.52$5.76$2.72
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.5$5.70$4.84$0.68