NonprofitsSouthland Economic Development Corporation

Southland Economic Development Corporation

SANTA ANA, CA

Total revenue

$3.5M

Total expenses

$3.2M

Net assets

$7.7M

Grants received

EIN

953560326

Tax year

2023

Mission

Stimulate employment, private investment and expand business opportunities.

Programs

2 programs

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.

Expenses: $5K

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.

Expenses: $7K

Financials

FY 2023

Revenue

Contributions & grants
Program service revenue$3.3M
Investment income$200K
Other revenue
Total revenue$3.5M

Expenses

Grants paid
Salaries & benefits$2.5M
Fundraising
Other expenses$654K
Total expenses$3.2M
Total assets$8.5M
Net assets$7.7M

People

22 listed

NameRoleCompensation

MATTHEW DAVIS

PRESIDENT

Board

$328K

40 hrs/wk

MAYRA SOTO

VICE PRESIDENT

Board

$224K

40 hrs/wk

JOHN WELTON

VICE PRESIDENT

Board

$212K

40 hrs/wk

MARIA MATA

VICE PRESIDENT

Board

$140K

40 hrs/wk

JAVIER JIMENEZ

VICE PRESIDENT

Board

$116K

40 hrs/wk

PATRICK RICHEY

UNDERWRITER

Board

$103K

40 hrs/wk

SAM NANGIA

DIRECTOR

Board

$300

0.1 hrs/wk

GARY MARTINEZ

SECRETARY/ TREASURER

Board

$300

0.1 hrs/wk

ROSS BOURNE

DIRECTOR

Board

$300

0.1 hrs/wk

WILSON JUI

DIRECTOR

Board

$300

0.1 hrs/wk

WILLIAM WANG

DIRECTOR

Board

$200

0.1 hrs/wk

ANTHONY SANCHEZ

DIRECTOR

Board

$200

0.1 hrs/wk

ROBERT GARCIA

DIRECTOR

Board

$200

0.1 hrs/wk

JEFF BOXX

DIRECTOR

Board

$200

0.1 hrs/wk

KENNETH HERNANDEZ

CHAIRMAN

Board

$200

0.1 hrs/wk

MICHELLE COBERLY

DIRECTOR

Board

$100

0.1 hrs/wk

MELANIE SMITH

PAST DIRECTOR

Board

0.1 hrs/wk

IRIS PYUN

DIRECTOR

Board

0.1 hrs/wk

TIM MILLS

DIRECTOR

Board

0.1 hrs/wk

MICHAEL NASR

LOAN OFFICER

Staff

$310K

40 hrs/wk

SERGIO AGUILAR

LOAN OFFICER

Staff

$158K

40 hrs/wk

JAMES HOPKINS

LOAN OFFICER

Staff

$137K

40 hrs/wk

Details

EIN953560326
Subsection03
Ruling date0000-00
Formed1980
Employees15
Volunteers3
SOUTHLAND ECONOMIC DEVELOPMENT CORPORATION — Mission, Financials & Grants Received | Grantivo