Association Of Financial Development Corporations
- Assets
- $21.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Santa Ana, CA
- Founding
- 08/2003
- Data as of
- 06/2023
- EIN
- 20-0018055
Organization Overview
Association Of Financial Development Corporations is located in Santa Ana, CA. The organization was established in 2003. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association Of Financial Development Corporations is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Association Of Financial Development Corporations generated $44.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $50.1k during the year ending 06/2023. While expenses have increased by 7.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO ADVOCATE FOR CONTINUATION OF THE CALIFORNIA LOAN GUARANTEE PROGRAM FOR SMALL BUSINESSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Ocasio President | 0.15 | $0 | |
Michael Ocasio Treasurer | 0.15 | $0 | |
Maria Lopez Secretary | 0.25 | $0 | |
Mark Robertson Director | 0.15 | $0 | |
Sanford Livingston Vice Preside | 0.15 | $0 | |
Debbie Raven Director | 0.15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,100 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $44,100 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $43,610 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $6,440 |
| Total expenses | $50,050 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $13,157 |
| Other assets | $0 |
| Total assets | $21,632 |
| Total liabilities | $0 |
| Net assets or fund balances | $21,632 |