First Community Capital Inc

EIN: 843804891 501(c)(3) Employment

Riverside, CA

Total Revenue
$486,010
Total Expenses
$398,785
Total Assets
$1,316,731
Net Assets
$556,513
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
CA
Principal Officer
Tchaidor Jay Diallo
Phone
9512966181
Tax Period
2023-07-01 to 2024-06-30

First Community Capital Inc, founded in 2019, is a small nonprofit in the Employment sector that reported $486K in total revenue in fiscal year 2023. The organization ran a surplus of $87K, a strong 18% operating margin.

Mission

Our mission is to foster economic justice and opportunity by providing access to capital and technical assistance to economically disadvantage micro and rural businesses. Our emphasis is on those businesses owned by people of color including women, veterans, refugees, immigrants, and individuals impacted by the justice system.First Community Capital help low- and moderate-income entrepreneurs who lack sufficient training and education to gain access to capital and thereby delivering long-term economic small businesses recovery and resiliency.We often lend to borrowers that may not meet mainstream institutions underwriting criteria, helping to bridge the gap between conventional lending standards and the needs of hard-to-reach borrowers.

Program Service Accomplishments

Program 1
Expenses: $353,218 Revenue: $65,227

As of June 30, 2024, First Community Capital has issued 124 microloans, totaling approximately $575,830 to eligible small businesses. Additionally, as of the same date, FCC reports 124 outstanding...

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As of June 30, 2024, First Community Capital has issued 124 microloans, totaling approximately $575,830 to eligible small businesses. Additionally, as of the same date, FCC reports 124 outstanding loans, amounting to $590,000. These loans are fully amortized, with interest rates varying between 6% and 12%, and terms ranging from 12 to 60 months. These loans supported both home-based and non-home-based businesses, including existing companies and startups.

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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 (2023)

Revenue Breakdown

Contributions & Grants $419,575
Program Service Revenue $65,227
Investment Income $1,208
Other Revenue $0
TOTAL REVENUE $486,010

Expense Breakdown

Grants Paid $3,735
Salaries & Benefits $219,791
Fundraising Expenses $0
Program Expenses $353,218
Other Expenses $175,259
TOTAL EXPENSES $398,785

Year-over-Year Comparison

2023 2022 Change
Revenue $486,010 $509,354 0.0%
Expenses $398,785 $249,566 +0.6%
Net Income $87,225 $259,788 -0.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
7
Employees
5
Volunteers
10

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
4
$114,400
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tchaidor Jay Diallo President & CEO 40.00
Officer
$114,400 $0 $114,400
Vincent McCoy Treasurer 2.00
Officer Director
$0 $0 $0
Mark Davis Chairman 2.00
Officer Director
$0 $0 $0
Edward Johnson Secretary 2.00
Officer Director
$0 $0 $0
Fatimoh Muhammed Director 2.00
Director
$0 $0 $0
Kelly Rivas Director 2.00
Director
$0 $0 $0
Ray Masterson Director 2.00
Director
$0 $0 $0
Karan Suarez Director 2.00
Director
$0 $0 $0
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
2025 No data No data No data No data
2024 $486,010 $398,785 $1,316,731 $87,225
2023 $509,354 $249,566 $759,538 $259,788
2022 $434,871 $232,237 $435,550 $202,634
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