Totals
- Total revenue
- $7,169,306
- Total expenses
- $7,277,829
- Contributions and grants received
- $2,288,664
- Grants paid
- $0
- Program service revenue
- $4,880,642
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $18,661,252
- Total liabilities, end of year
- $11,784,386
- Net assets or fund balances, end of year
- $6,876,866
- Program services expenses (Part IX)
- $6,109,924
- Management and general expenses
- $1,167,905
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $6,109,924
Program services were 84.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$2,288,664
-
2a · Program service revenue: Gain from sale of partici
total $770,237 · related or exempt $770,237
-
2b · Program service revenue: Interest Income
total $1,141,323 · related or exempt $1,141,323
-
2c · Program service revenue: Other Income
total $116,552 · related or exempt $116,552
-
2d · Program service revenue: Processing Fees
total $1,048,070 · related or exempt $1,048,070
-
2e · Program service revenue: Servicing Fees
total $1,787,717 · related or exempt $1,787,717
-
2f · All other program service revenue
total $16,743 · related or exempt $16,743
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $432,985 · program services $372,367 · management and general $60,618
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $3,141,605 · program services $2,701,780 · management and general $439,825
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $452,038 · program services $388,753 · management and general $63,285
-
10 · Payroll taxes
total $261,016 · program services $224,474 · management and general $36,542
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $177,794 · program services $124,456 · management and general $53,338
-
13 · Office expenses
total $120,262 · program services $46,902 · management and general $73,360
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $167,720 · program services $167,720
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $19,437 · management and general $19,437
-
23 · Insurance
total $47,331 · management and general $47,331
-
24a · Other expenses: Allowances for loan losses
total $705,466 · program services $705,466
-
24b · Other expenses: Professional Fees
total $562,561 · program services $473,957 · management and general $88,604
-
24c · Other expenses: Processing Expenses
total $270,807 · program services $264,036 · management and general $6,771
-
24d · Other expenses: Grant Expenses - Temp Restrict
total $250,000 · program services $250,000
-
24e · All other expenses
total $668,807 · program services $390,013 · management and general $278,794
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,549,068 · end of year $2,930,751
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $312,889 · end of year $436,202
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
beginning of year $7,649,937 · end of year $10,882,069
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $70,987 · end of year $69,302
-
10a · Land, buildings and equipment: cost or other basis
$90,133
-
10b · Land, buildings and equipment: accumulated depreciation
$53,874
-
10c · Land, buildings and equipment, net
beginning of year $54,399 · end of year $36,259
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
beginning of year $1,300,691 · end of year $1,208,647
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $3,999,953 · end of year $3,098,022
-
17 · Accounts payable and accrued expenses
beginning of year $378,536 · end of year $910,012
-
24 · Unsecured notes and loans payable
beginning of year $10,923,873 · end of year $10,181,615
-
25 · Other liabilities
beginning of year $528,310 · end of year $692,759
-
27 · Net assets without donor restrictions
beginning of year $3,245,375 · end of year $3,136,852
-
28 · Net assets with donor restrictions
beginning of year $2,861,830 · end of year $3,740,014
Mission and programs · 2024
Mission
The organization's mission is to finance the growth of small businesses, promote economic development, job creation, and advocate for businesses utilizing small business administration resources.
Activities or mission (Part I)
The organization's mission is to finance the growth of small businesses, promote economic development,job creation, and advocate for businesses utilizing small business administration resources.
-
The organization services small businesses within the State of California through the U.S. Small Business Administration's (SBA) Certified Development Company(Section 504) Program. The objective of the organization is to devote its resources to programs designed to stimulate economic development and growth in the urban, rural, and other disadvantaged persons and groups, in an attempt to provide working capital and other assistance,to enhance, stimulate entrepreneurial and employment opportunities. Additionally, organization provides assistance to potential California Businesses in the loan application process through its capacity to package, process, close, and service federal and state sponsored loan programs.
Expenses $6,043,368 · Grants $2,288,664 · Revenue $4,866,399
-
The SBA Faith based small business summit is an annual conference that the organization hosts in partnership with the small business administration Santa Ana's District Office. Its objective is to connect faith and business, provide relevant workshops and programs that can serve both sectors for the benefit of the community and economic empowerment.
Expenses $66,556 · Revenue $14,243
As filed on the 2024 return.
Listed in Part VII
-
Hilda Kennedy
Executive Dir.
- Total calculated
- $432,985
- From this org
- $432,985
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $296,785
- Bonus
- $136,200
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $432,985
-
Janise Graham
Director
- Total calculated
- $0
- Hours/week
- 2
-
Thomas Galindo
Director
- Total calculated
- $0
- Hours/week
- 2
-
Sharon Takaha
Secretary
- Total calculated
- $0
- Hours/week
- 3
-
Aaron Bratton
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Paul Leon
Director
- Total calculated
- $0
- Hours/week
- 1
-
Moses Harris
Director
- Total calculated
- $0
- Hours/week
- 2
-
Kristen Hakes
Director
- Total calculated
- $0
- Hours/week
- 3
-
Adam Russell
Director
- Total calculated
- $0
- Hours/week
- 3
-
Ezekiel Bonillas
Director
- Total calculated
- $0
- Hours/week
- 0
-
Wanda Jones
Board Member
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
- 5a · Pay contingent on this organization's revenues
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
BHBELJ 3110 B LLC
Rental · CA · 85% owned · share of income -$81,000 · share of assets $2,027,696
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 27 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543009349301439
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