Fresno Community Development Financial Institution
- Assets
- $27.8m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Fresno, CA
- Founding
- 09/2009
- Data as of
- 12/2023
- EIN
- 26-1177785
Organization Overview
Fresno Community Development Financial Institution is located in Fresno, CA. The organization was established in 2009. According to its NTEE Classification (W60) the organization is classified as: Financial Institutions, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fresno Community Development Financial Institution 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 12/2023, Fresno Community Development Financial Institution generated $4.9m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $5.6m during the year ending 12/2023. While expenses have increased by 23.1% per year over the past 9 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ACCESS PLUS CAPITAL IS NONPROFIT SMALL BUSINESS LENDER AND SERVICE PROVIDER WITH THE MISSION TO ELIMINATE ECONOMIC BARRIERS TO FINANCIAL SUCCESS THROUGH FAIR AND EQUITABLE COMMUNITY INVESTMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACCESS PLUS CAPITAL PROVIDES CAPITAL, NO-COST BUSINESS COACHING & TRAINING, AND OTHER FINANCIAL RESOURCES TO SMALL BUSINESSES AND ENTREPRENEURS IN CENTRAL CALIFORNIA'S MOST ECONOMICALLY DISADVANTAGED COMMUNITIES TO BUILD WEALTH AND GROW JOBS. ITS LENDING RANGES FROM $5000 TO $500,000 INCLUDING START-UP & REAL ESTATE LOANS TO STABILIZE AND GROWTH BUSINESSES WITH A FOCUS ON PEOPLE OF COLOR, WOMEN, AND BUSINESSES IN LOW-INCOME AND RURAL COMMUNITIES FROM SACRAMENTO TO BAKERSFIELD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tate Hill President & CEO | Officer | 40 | $170,000 |
Elliott Balch Chairman | Trustee | 2 | $0 |
James Martinez Vice Chair | Trustee | 2 | $0 |
Debra Bradley Secretary | OfficerTrustee | 2 | $0 |
Donald Terry Treasurer | Trustee | 2 | $0 |
Linda Hayes Member | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,521,362 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,521,362 |
| Total Program Service Revenue | $2,396,779 |
| Investment income | $0 |
| 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 | $4,923,185 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $183,460 |
| Compensation of current officers, directors, key employees. | $23,850 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,751,406 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $506,447 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $108,916 |
| Office expenses | $122,316 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $176,901 |
| Travel | $123,120 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $366,009 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,586 |
| Insurance | $46,912 |
| All other expenses | $126,767 |
| Total functional expenses | $5,619,977 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $617,458 |
| Savings and temporary cash investments | $3,218,492 |
| Pledges and grants receivable | $1,800,000 |
| Accounts receivable, net | $1,202,817 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $18,971,995 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,712,226 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $257,750 |
| Total assets | $27,780,738 |
| Accounts payable and accrued expenses | $211,089 |
| Grants payable | $0 |
| Deferred revenue | $265,639 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,835,096 |
| Unsecured mortgages and notes payable | $9,896,217 |
| Other liabilities | $35,095 |
| Total liabilities | $14,243,136 |
| Net assets without donor restrictions | $12,237,602 |
| Net assets with donor restrictions | $1,300,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $27,780,738 |