Pacific West Certified Development Corporation is located in Laguna Hills, CA. The organization was established in 2011. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2018, Pacific West Certified Development Corporation employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pacific West Certified Development Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2019, Pacific West Certified Development Corporation generated $1.6m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (8.3%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
SBA LICENSED LENDING CORP PROVIDING BELOW MARKET, LONG-TERM FIXED RATE FINANCING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORIGINATION, UNDERWRITING, AND SERVICING OF LOANS FOR THE PURCHASE OF COMMERCIAL REAL ESTATE AND ELIGIBLE FIXED ASSET ACQUISITIONS BY SMALL BUSINESSES AS DEFINED BY THE SMALL BUSINESS ADMNISTRATION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Forsythe Robert President/secretary/tresur | OfficerTrustee | 40 | $265,375 |
Sebastian Robert VP - Relatonship Manager | 40 | $255,533 | |
Osaki Jeremy VP - Relationship Manager | 40 | $224,492 | |
Kojima Rodney Relationship Manager | 40 | $160,618 | |
Hand William Relationship Manager | 40 | $108,671 | |
Davidson Bradley Vp-Senior Credit Officer | 40 | $107,937 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Investment income | $3,528 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,594,578 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $270,000 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $396,427 |
Pension plan accruals and contributions | $39,722 |
Other employee benefits | $52,801 |
Payroll taxes | $45,299 |
Fees for services: Management | $0 |
Fees for services: Legal | $16,309 |
Fees for services: Accounting | $23,583 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $725 |
Office expenses | $22,596 |
Information technology | $8,564 |
Royalties | $0 |
Occupancy | $72,806 |
Travel | $3,601 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $1,356 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $19,037 |
Insurance | $11,625 |
All other expenses | $0 |
Total functional expenses | $1,092,977 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $711,691 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $89,935 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $9,573 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $6,510 |
Total assets | $846,246 |
Accounts payable and accrued expenses | $39,783 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $452,160 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $24,445 |
Total liabilities | $516,388 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Total liabilities and net assets/fund balances | $329,858 |
Organization Name | Assets | Revenue |
---|---|---|
Civic San Diego San Diego, CA | $12,596,747 | $8,835,597 |
Csac Finance Corporation Sacramento, CA | $22,360,310 | $12,934,423 |
Ampac Tri-State Cdc Inc Ontario, CA | $22,461,621 | $9,676,882 |
Local First Arizona Foundation Phoenix, AZ | $3,232,104 | $5,988,087 |
Inclusive Action For The City Los Angeles, CA | $6,839,271 | $6,785,637 |
Genesis La Economic Growth Corporation Los Angeles, CA | $84,073,617 | $20,248,596 |
Business Development Finance Corporation Tucson, AZ | $22,193,625 | $4,107,444 |
Economic Development Collaborative Ventura County Camarillo, CA | $6,956,185 | $3,790,106 |
Accessity San Diego, CA | $20,855,169 | $4,197,275 |
Polk Community Development Corporation Dallas, OR | $22,075,845 | $5,307,917 |
Sustainable Economic Enterprises Of Los Angeles Los Angeles, CA | $2,131,089 | $4,310,365 |
Historic Core Business Improvement District Property Owners Assoc Inc Los Angeles, CA | $576,634 | $2,619,214 |