CALIFORNIA STATEWIDE CERTIFIED DEV… - Form 990 Financial Data

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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

1987

Legal Domicile

Principal Officer

DENISE ZBORALSKE

Phone

8009829192

Tax Period

2023-10-01 to 2024-09-30

CALIFORNIA STATEWIDE CERTIFIED DEVELOPMENT CORPORATION, founded in 1987, is a mid-sized nonprofit that reported $11.0M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

CSCDC BELIEVES IN GIVING BUSINESSES THE OPPORTUNITY TO GROW. CSCDC RESPONDS TO EACH CLIENT WITH THE PERSONAL SERVICE THAT ONLY AN EXPERIENCED, KNOWLEDGEABLE CDC LIKE OURS CAN PROVIDE. CSCDC HAS A REPUTATION FOR CONSISTENTLY FAST PROCESSING TURNAROUND, AND ARE ESPECIALLY SENSITIVE TO THE DETAILS AND KIND OF FOLLOW-THROUGH NECESSARY TO MAKE AN SBA TRANSACTION SUCCESSFUL.

Program Service Accomplishments

Program 1

Expenses: $9,150,403 Revenue: $10,578,698

SBA 504 LOAN PROGRAM: DURING FYE 9/30/2024, CSCDC WAS RESPONSIBLE FOR PLACEMENT OF 238 SBA 504 LOANS AND 6 SBA 7A COMMUNITY ADVANTAGE LOANS. ADDITIONALLY, CSCDC SUPPORTED OTHER SBA PROGRAMS THROUGH REFERRALS TO SBA 7A LENDERS, MICROLENDING PROGRAMS, AND BUSINESS ASSISTANCE PROGRAMS. SINCE INCEPTION, CSCDC HAS PROVIDED OVER $2.5 BILLION IN LOANS TO SMALL BUSINESSES SUPPORTING $5 BILLION IN TOTAL PROJECT FINANCING TO 3,400 SMALL BUSINESSES, HELPING CREATE OR RETAIN OVER 35,000 JOBS.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $10,000

Program Service Revenue $10,578,698

Investment Income $301,653

Other Revenue $137,575

TOTAL REVENUE $11,027,926

Expense Breakdown

Grants Paid $68,226

Salaries & Benefits $7,981,322

Fundraising Expenses $0

Program Expenses $9,150,403

Other Expenses $2,928,065

TOTAL EXPENSES $10,977,613

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,027,926	$9,957,298	+0.1%
Expenses	$10,977,613	$9,566,322	+0.1%
Net Income	$50,313	$390,976	-0.9%

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

Governance

Voting Members

Independent Members

Employees

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

$814,145

Total Directors

$188,570

Key Employees

$897,509

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN DIMICHELE	CHAIRMAN	1.00	Officer Director	$23,228	$0	$23,228
MARK LEAS	TREASURER	1.00	Officer Director	$18,482	$0	$18,482
BARBARA HAYES	DIRECTOR	1.00	Director	$18,240	$0	$18,240
DON CAVAZOS	DIRECTOR	1.00	Director	$17,671	$0	$17,671
ROBERT BRADY	DIRECTOR	1.00	Director	$16,971	$0	$16,971
CINDY LARSON	DIRECTOR	1.00	Director	$15,578	$0	$15,578
TODD HOLLEY	DIRECTOR	1.00	Director	$15,384	$0	$15,384
JAMES RENNER	DIRECTOR	1.00	Director	$14,059	$0	$14,059
LEE SCOTT	VICE CHAIRMAN	1.00	Officer Director	$13,982	$0	$13,982
PHIL FEGHALI	DIRECTOR	1.00	Director	$13,309	$0	$13,309
NAHZ ANVARY	SECRETARY	1.00	Officer Director	$11,646	$0	$11,646
TIFFANY MONROE	DIRECTOR	1.00	Director	$10,020	$0	$10,020
JEFF BOONE	CEO	40.00	Officer	$431,717	$13,024	$444,741
DENISE ZBORALSKE	CFO/COO	40.00	Officer	$271,717	$30,349	$302,066
CARLO SAMSON	SENIOR EXECUTIVE VICE PRESIDENT	40.00	Key Emp	$506,621	$35,960	$542,581
CRAIG SAMSON	SENIOR VP, SR LOAN OFFICER	40.00	Key Emp	$320,824	$34,104	$354,928
SPIROS KARATZIS	SENIOR VP, SR LOAN OFFICER	40.00	Highest	$212,981	$27,020	$240,001
MARAT MANUCHARYAN	SENIOR VP, SR LOAN OFFICER	40.00	Highest	$204,948	$27,248	$232,196
GEORGE CHRISTIDIS	SENIOR VP, SR LOAN OFFICER	40.00	Highest	$215,779	$14,852	$230,631
JEREMY MEHLER	SENIOR VP, SR LOAN OFFICER	40.00	Highest	$156,789	$29,391	$186,180
DANA LOFGREN	VP, CLOSING MANAGER	40.00	Highest	$159,240	$8,428	$167,668

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
2024	$11,027,926	$10,977,613	$11,820,386	$50,313
2023	$9,957,298	$9,566,322	$11,947,341	$390,976
2022	$8,983,427	$8,769,243	$11,407,239	$214,184
2021	$9,418,070	$7,869,145	$11,143,357	$1,548,925
2020	$6,356,128	$6,449,237	$22,787,858	$-93,109
2020	$6,356,128	$6,449,237	$22,787,858	$-93,109
2019	$5,633,427	$5,490,000	$6,604,051	$143,427
2018	$4,753,850	$4,781,111	$6,267,368	$-27,261

CALIFORNIA STATEWIDE CERTIFIED DEVELOPMENT CORPORATION