Overview
What is California Coastal Rural Development Corp?
California Coastal Rural Development Corp is a nonprofit organization situated in Salinas, California. Their primary mission is to support small farmers and businesses in the state by offering financing options. They aim to help these enterprises grow, thrive, and prosper, thereby contributing to the economic development of underserved communities. The corporation provides loan guarantees, encouraging lenders to extend loans to marginal credit businesses and farmers who may struggle to secure funds from commercial credit institutions at reasonable rates. With a team of 16 employees, they are committed to creating employment opportunities and boosting the local economy.
Official website here: www.calcoastal.org
Is California Coastal Rural Development Corp legitimate?
California Coastal Rural Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. California Coastal Rural Development Corp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $215,288
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,124,222
For more financial information, click here
Official website here: www.calcoastal.org
What is the mission statement of California Coastal Rural Development Corp?
The California Coastal Rural Development Corporation is committed to aiding small farmers and businesses in their growth and prosperity. This organization's primary mission is to assist these enterprises, largely located in underserved communities, to thrive and contribute to overall economic development. To achieve this goal, the corporation provides financial assistance in the form of loans and loan guarantees to eligible businesses that have the capacity to repay but struggle to secure funds at reasonable rates from commercial credit institutions. This financial aid is intended to foster employment creation and stimulate economic growth.
Official website here: www.calcoastal.org
Who is the CEO of California Coastal Rural Development Corp?
Lee Takikawa is the President of California Coastal Rural Development Corp.
Official website here: www.calcoastal.org
What is the revenue of California Coastal Rural Development Corp?
California Coastal Rural Development Corp's revenue in 2022 was $5,534,051.
Official website here: www.calcoastal.org
Who are the executives of California Coastal Rural Development Corp and what are their salaries?
The average compensation at California Coastal Rural Development Corp during 2022 was $83,719. There are 16 employees and 23 volunteers at California Coastal Rural Development Corp.
Here are 13 key members and their salaries:
- Lee Takikawa (President) [Trustee/Director]
- David Dickinson (Chief Lender Officer)
- Fred Madison (Controller)
- Cindy Merzon (Sbdc Director)
- Roy Robbins (Chairman & Cfo) [Trustee/Director]
- Louie Valenzuela (Member) [Trustee/Director]
- Danny Braga (Member) [Trustee/Director]
- Ted Cagat (Vice Chair & Secretary) [Trustee/Director]
- Jeff Rawlings (Member) [Trustee/Director]
- Juan Batista (Member) [Trustee/Director]
- Maeda Palius (Member) [Trustee/Director]
- John Moskal (Member) [Trustee/Director]
- Clay Appleton (Member) [Trustee/Director]
Official website here: www.calcoastal.org
Where can I find the form 990 for California Coastal Rural Development Corp?
The California Coastal Rural Development Corp’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.calcoastal.org
Learn more at the official website: www.calcoastal.org
Mission Statement of California Coastal Rural Development Corp
California Coastal Rural Development Corporation is committed to aiding small farmers and businesses in California. Their primary mission is to assist these enterprises in their growth, prosperity, and overall economic development. By providing financing, the corporation enables these underserved communities to thrive. Moreover, California Coastal Rural Development Corporation offers farm loans and loan guarantees to businesses that have the capacity to repay, yet struggle to secure funds at reasonable rates from commercial credit institutions. This financial assistance is essential for creating employment opportunities and fostering economic development in these communities.
Impact
This information is meant to be a general summary of California Coastal Rural Development Corp. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
California Coastal Rural Development Corp's impact includes providing crucial financing to small farmers and businesses in underserved communities throughout California. Through their loan guarantee program, they encourage lenders to provide loans to marginal credit businesses and farmers, enabling them to grow, thrive, and prosper. By offering financial assistance and support, California Coastal Rural Development Corp plays a vital role in promoting economic development, creating employment opportunities, and fostering community improvement in the region.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
JURISDICTIONAL INCOME
Revenue
$2,181,753
LOAN INCOME
Revenue
$502,473
Organization Details
Founding Year
1982
Phone
(831) 424-1099
Principal Officer
Lee Takikawa
Main Address
221 MAIN STREET 301, SALINAS, CA, 93901
Website
www.calcoastal.org
NTEE Category
Code: S30 - Community improvement
If you are a representative of California Coastal Rural Development Corp and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.