PACIFIC WEST CERTIFIED DEVELOPMENT CORPORATION

EIN: 273668308

LAGUNA HILLS, CA

Total Revenue
$2,521,459
Total Expenses
$2,723,988
Total Assets
$368,312
Net Assets
$-171,743
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
CA
Principal Officer
ROBERT FORSYTHE
Phone
9493056520
Tax Period
2018-01-01 to 2018-12-31

PACIFIC WEST CERTIFIED DEVELOPMENT CORPORATION, founded in 2010, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2018. Revenue decreased 8% compared to the prior year.

Mission

ITS MISSION IS TO STIMULATE EMPLOYMENT AND PRIVATE INVESTMENT, EXPAND THE TAX BASE AND INCREASE BUSINESS THROUGHOUT CALIFORNIA USING THE SMALL BUSINESS ADMINISTRATION'S 504 CERTIFIED DEVELOPMENT COMPANY PROGRAM.

Program Service Accomplishments

Program 1
Expenses: $2,520,542 Revenue: $2,520,727

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...

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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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,520,727
Investment Income $732
Other Revenue $0
TOTAL REVENUE $2,521,459

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,027,063
Fundraising Expenses $0
Program Expenses $2,520,542
Other Expenses $696,925
TOTAL EXPENSES $2,723,988

Year-over-Year Comparison

2018 2017 Change
Revenue $2,521,459 $2,739,609 -0.1%
Expenses $2,723,988 $2,592,259 +0.1%
Net Income $-202,529 $147,350 -2.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
8
Employees
13
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$300,385
Total Directors
9
$300,385
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FORSYTHE ROBERT PRESIDENT/SECRETARY/TRESUR 40.00
Officer Director
$265,375 $35,010 $300,385
SEERY RICHARD THOMAS DIRECTOR 1.00
Officer Director
$0 $0 $0
BRODT ROBERT DIRECTOR 1.00
Director
$0 $0 $0
EK SUZIE DIRECTOR 1.00
Director
$0 $0 $0
ESGRO DAVID DIRECTOR 1.00
Director
$0 $0 $0
GLASSMAN ERIC DIRECTOR 1.00
Director
$0 $0 $0
MARQUART JEFF DIRECTOR 1.00
Director
$0 $0 $0
TAYLOR ERIC DIRECTOR 1.00
Director
$0 $0 $0
WHITFIELD SCOTT DIRECTOR 1.00
Director
$0 $0 $0
DAVIDSON BRADLEY VP-SENIOR CREDIT OFFICER 40.00
Highest
$107,937 $10,247 $118,184
HAND WILLIAM RELATIONSHIP MANAGER 40.00
Highest
$108,671 $6,821 $115,492
KOJIMA RODNEY RELATIONSHIP MANAGER 40.00
Highest
$160,618 $29,833 $190,451
OSAKI JEREMY VP - RELATIONSHIP MANAGER 40.00
Highest
$224,492 $18,313 $242,805
SEBASTIAN ROBERT VP - RELATONSHIP MANAGER 40.00
Highest
$255,533 $24,534 $280,067
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2018 $2,521,459 $2,723,988 $368,312 $-202,529
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