SMALL BUSINESS DEVELOPMENT CORPORATION OF ORANGE COUNTY Charity Report

Public IRS 990 nonprofit record

SMALL BUSINESS DEVELOPMENT CORPORATION OF ORANGE COUNTY

EIN 91-2154838 · Economic Development (S30)

What they do

to PROVIDE FINANCIAL ASSISTANCE to SMALL BUSINESSES. THE ORGANIZATION is PRIMARILY INVOLVED IN ECONOMIC DEVELOPMENT LENDING ACTIVITIES PROVIDING STATE LOAN GUARANTEES to BANK and NON-BANK LENDERS THROUGH THE STATE LOAN GUARANTEE PROGRAM and OTHER DIRECT CAPITAL ACCESS to ECONOMICALLY DISADVANTAGED BUSINESSES THROUGHOUT CALIFORNIA. THIS ULTIMATELY STRENGTHENS THE LOCAL BUSINESS ECONOMY BY CREATING and RETAINING JOBS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $86.50 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders16 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

70.70%of revenue went to mission work86.5% of expenses · Program services

$81.74spent for every $100 of revenueRevenue covered expenses this year.

11.05%of revenue went to management and office costs13.5% of expenses

$2.42in assets for every $1 spent this yearSome assets cannot be spent right away.

2.7%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $414,586 for MICHAEL OCASIO (CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$2,987,062

Mission workProgram services$2,111,79170.70% of revenue86.5% of expenses

ManagementOffice and general costs$329,96711.05% of revenue13.5% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$545,30418.26% of revenueShown in gray on the chart

Total expenses$2,441,75881.74% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 86.5% mission · 13.5% management · 0.0% fundraisingTotal expenses: 81.74% of revenue

2023Expense mix: 61.6% mission · 38.4% management · 0.0% fundraisingTotal expenses: 86.09% of revenue

2022Expense mix: 59.0% mission · 41.0% management · 0.0% fundraisingTotal expenses: 86.05% of revenue

2021Expense mix: 62.7% mission · 37.3% management · 0.0% fundraisingTotal expenses: 71.96% of revenue

2020Expense mix: 70.1% mission · 29.9% management · 0.0% fundraisingTotal expenses: 92.99% of revenue

2019Expense mix: 70.1% mission · 29.9% management · 0.0% fundraisingTotal expenses: 97.02% of revenue

2018Expense mix: 73.1% mission · 26.9% management · 0.0% fundraisingTotal expenses: 68.44% of revenue

2017Expense mix: 68.1% mission · 31.9% management · 0.0% fundraisingTotal expenses: 76.42% of revenue

Money in and money out

Revenue$2,987,062

Expenses$2,441,758

Annual surplus $545,304 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$2,111,791 · 86.5% of expenses

Management and office costs$329,967 · 13.5% of expenses

See all reported dollar amounts

Revenue$2,987,062

Expenses$2,441,758

Assets$5,901,420

Income$3,011,603

Contributions$80,500

Mission work (program services)$2,111,791

Grants given$5,168

Average grant$5,168

Management and general$329,967

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

MICHAEL OCASIOCEO · 40 hrs/week $414,586Base $393,510 · Other $21,076

JIM ELYPRESIDENT · 40 hrs/week $325,707Base $311,548 · Other $14,159

NESTOR CORREASR VICE PRES COMMERCIAL LE · 40 hrs/week $285,687Base $257,617 · Other $28,070

RICHARD LEESR VICE PRES COMMERCIAL LE · 40 hrs/week $254,667Base $238,433 · Other $16,234

CARRIE MILLERCHIEF FINANCIAL OFFICER · 40 hrs/week $232,896Base $204,685 · Other $28,211

MARIA LOPEZCHIEF OPERATION OFFICER · 40 hrs/week $156,499Base $143,668 · Other $12,831

EDDIE NEVAREZCREDIT ANALYST · 40 hrs/week $116,747Base $101,792 · Other $14,955

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (16)

MICHAEL OCASIOCEO

JIM ELYPRESIDENT

NESTOR CORREASR VICE PRES COMMERCIAL LE

RICHARD LEESR VICE PRES COMMERCIAL LE

CARRIE MILLERCHIEF FINANCIAL OFFICER

MARIA LOPEZCHIEF OPERATION OFFICER

EDDIE NEVAREZCREDIT ANALYST

CASSAUNDRA JOHNSONTREASURER

CATHERINE NGUYENDIRECTOR

ERIC BELLDIRECTOR

GIL KEINANDIRECTOR

JOHNNY THOMASDIRECTOR

LARRY TRUJILLOSECRETARY

MICHAEL KARRDIRECTOR

PABLO OCASIOVICE CHAIRMAN

THANH PHAMCHAIRMAN

About this charity

Recognized since: January 2002
Location: PO BOX 5266, RIVERSIDE, CA 92517-5266
County: Riverside
In care of: MICHAEL OCASIO
Primary officer: MICHAEL OCASIO, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Emailinfo@sbfdoc.org Phone(714) 571-1900

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: LSL LLP
NTEE classification: Economic Development (S30)
IRS tax category: Economic Development
Grant-giving organization: Yes