Greater Sacramento Certified Development Corporation
- Assets
- $1.6m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 11
- Location
- North Highlands, CA
- Founding
- 03/1986
- Data as of
- 09/2022
- EIN
- 68-0074324
Organization Overview
Greater Sacramento Certified Development Corporation is located in North Highlands, CA. The organization was established in 1986. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2022, Greater Sacramento Certified Development Corporation employed 11 individuals. This organization is the central organization for a national or regional group of organizations. Greater Sacramento 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 09/2022, Greater Sacramento Certified Development Corporation generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $1.1m during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
FOSTERING AND FURTHERING EMPLOYMENT THROUGHOUT THE STATE OF CALIFORNIA
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION (GSCDC) OPERATES AS A "CERTIFIED DEVELOPMENT CORPORATION" AUTHORIZED BY THE US SMALL BUSINESS ADMINISTRATION TO ADMINISTER THE SBA-504 PROGRAM. THE PROGRAM IS TO PROMOTE ECONOMIC DEVELOPMENT THROUGHOUT THE STATE OF CALIFORNIA, WITH ITS PRIMARY EMPHASIS ON ASSISTING SMALL BUSINESSES TO GROW AND CREATE JOBS. THE PROGRAM IS DESIGNED TO PROVIDE FINANCING TO SMALL BUSINESSES, WITH A HEAVY EMPHASIS ON BUSINESSES LOCATED IN DEPRESSED AND/OR RURAL COMMUNITIES AND/OR BUSINESSES OWNED BY WOMEN, MINORITIES, VETERANS, AND/OR INDIVIDUALS THAT ARE DISABLED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond Sebastian Secretary | Officer | 40 | $144,296 |
Sarah Stillman Director Of Operat | 40 | $108,936 | |
Glen Aoki Portfolio Manager | 40 | $101,808 | |
Tim Reimers Treasurer | Officer | 2 | $0 |
Thomas Dille President | Officer | 2 | $0 |
Kelly Fife Montgomery Vice President | Officer | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,190,374 |
| Investment income | $676 |
| 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 | $1,191,050 |
| 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. | $144,296 |
| Compensation of current officers, directors, key employees. | $14,430 |
| Compensation to disqualified persons | $616,188 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $64,155 |
| Other employee benefits | $30,740 |
| Payroll taxes | $61,075 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,510 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $19,947 |
| Information technology | $10,917 |
| Royalties | $0 |
| Occupancy | $12,000 |
| Travel | $7,755 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,708 |
| Insurance | $10,466 |
| All other expenses | $37,761 |
| Total functional expenses | $1,095,832 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,207,861 |
| Savings and temporary cash investments | $115,539 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $58,736 |
| 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 | $0 |
| Net Land, buildings, and equipment | $127,705 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $48,862 |
| Total assets | $1,558,703 |
| Accounts payable and accrued expenses | $1,904 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $245,345 |
| Total liabilities | $247,249 |
| Net assets without donor restrictions | $1,311,454 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,558,703 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Partners In Development Foundation Honolulu, HI | $6,037,007 | $19,233,237 |
Pasadena Center Operating Company Pasadena, CA | $155,500,535 | $24,244,402 |
Community Action Partnership Of Sonoma County Santa Rosa, CA | $6,669,063 | $15,581,119 |
Ideoorg San Francisco, CA | $12,398,491 | $9,854,732 |
Reinvent Stockton Foundation Stockton, CA | $46,832,546 | $19,773,564 |
Project Access Inc Orange, CA | $2,961,540 | $13,042,187 |
East Los Angeles Community Union Los Angeles, CA | $130,392,954 | $16,987,947 |
Gamaliel Of California Santa Rosa, CA | $3,034,268 | $10,017,971 |
Downtown Santa Monica Inc Santa Monica, CA | $4,897,203 | $9,308,728 |
Resources For Community Development Berkeley, CA | $93,266,557 | $6,994,658 |
Lake Wildwood Association Penn Valley, CA | $30,720,187 | $8,953,678 |
Antelope Valley Partners For Health Lancaster, CA | $4,220,936 | $10,090,239 |