Program areas at Southland Economic Development Corporation
Southland is a "certified Development company and operates a u.s. small business administration (sba) lending program. Southland is authorized to offer and approve loans that are funded by the sba's 504 debenture loan program. Southland actively serves the southern California region. During the year ended september 30, 2023, Southland funded 44 loans, amounting to approximately $58,198,000. Southland was servicing 590 loans with a total face value of $435,367,000 and a total remaining balance of approximately $334,337,457 at september 30, 2023.
Southland administers an intermediary relending program (irp) from the u.s. department of agriculture, which provides low interest loans to qualified businesses in rural communities to improve Economic conditions and to create jobs.
Southland administers a revolving loan fund (rlf) through a grant from the Economic Development administration of the u.s. department of commerce. Under the terms of the grant, the organization will use the fund proceeds to assist private, for-profit businesses that are otherwise unable to secure conventional financing and who will be creating jobs.
Personnel at Southland Economic Development Corporation
| Name | Title | Compensation | Date of data |
|---|
| Matthew Davis | President | $318,672 | 2024-03-06 |
| Javier Jimenez | Vice President | $123,845 | 2023-09-30 |
| Kenneth Hernandez | First Vice Chairman | $100 | 2023-09-30 |
| Maria Mata | Vice President | $132,502 | 2023-09-30 |
| Sam Nangia | Chairman | $100 | 2023-09-30 |
| ...and 3 more key personnel |
Financials for Southland Economic Development Corporation
| Revenues | FYE 09/2023 | FYE 09/2022 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $365,000 | -100% |
| Program services | $3,500,258 | $2,758,756 | 26.9% |
| Investment income and dividends | $194,554 | $83,965 | 131.7% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $27,615 | $-3,179 | 968.7% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $3,722,427 | $3,204,542 | 16.2% |
Organizations like Southland Economic Development Corporation
| Organization | Type | Location | Revenue |
|---|
| Southside Business Technology Center | 501(c)(3) | Danville, VA | $2,569,170 |
| Western Colorado Business Development Corporation | 501(c)(3) | Grand Junction, CO | $2,298,721 |
| Sunshine State Economic Development Corporation | 501(c)(3) | Clearwater, FL | $1,502,127 |
| Ampac Tri-State CDC | 501(c)(3) | Ontario, CA | $6,017,426 |
| Metropolitan Economic Development Association | 501(c)(3) | Minneapolis, MN | $9,291,098 |
| Rural Enterprises of Oklahoma | 501(c)(3) | Durant, OK | $6,534,518 |
| Arizona Venture Development Corporation | 501(c)(3) | Phoenix, AZ | $8,243,963 |
| Michigan Founders Fund | 501(c)(3) | Ann Arbor, MI | $936,800 |
| Valley Small Business Development Corporation | 501(c)(3) | Fresno, CA | $3,097,036 |
| Pacific Coast Regional Corporation (PCR) | 501(c)(3) | Los Angeles, CA | $6,614,553 |
Data update history
May 27, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 21, 2024
Updated personnel
Identified 2 new personnel
May 19, 2024
Used new vendors
Identified 1 new vendor, including
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 17, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Economic developmentBusiness and industry
Characteristics
State / local levelTax deductible donationsAccepts online donations
General information
- Address
- 400 N Tustin Ave 460
- Santa Ana, CA 92705
- Metro area
- Los Angeles-Long Beach-Anaheim, CA
- County
- Orange County, CA
- Website URL
- southlandedc.com/Â
- Phone
- (714) 868-0001
IRS details
- EIN
- 95-3560326
- Fiscal year end
- September
- Taxreturn type
- Form 990
- Year formed
- 1980
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S43: Management Services for Small Business, Entrepreneurs
- NAICS code, primary
- 926110: Economic Development Corporations and Economic Program Organizations
- Parent/child status
- Independent
California AB-488 details
- AB 488 status
- May Operate or Solicit for Charitable Purposes
- Charity Registration status
- Current
- FTB status revoked
- Not revoked
- AG Registration Number
- 041140
- FTB Entity ID
- 0952454
- AB 488 data last updated ("as-of") date
- 2024-11-06
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