Form 990 for tax year 2024
Filed by FRESNO COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION.
Totals
- Total revenue
- $5,853,947
- Total expenses
- $5,556,902
- Contributions and grants received
- $4,019,635
- Grants paid
- $0
- Program service revenue
- $1,786,275
- Investment income
- $0
- Other revenue
- $48,037
- Total assets, end of year
- $31,878,188
- Total liabilities, end of year
- $17,705,247
- Net assets or fund balances, end of year
- $14,172,941
- Program services expenses (Part IX)
- $5,018,160
- Management and general expenses
- $538,742
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $5,018,160
Program services were 90.3% 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
$4,019,635
-
2a · Program service revenue: Fee for services
total $167,937 · related or exempt $167,937
-
2b · Program service revenue: Interest Income
total $1,618,338 · related or exempt $1,618,338
-
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
-
11a · Other revenue: Miscellaneous Income
total $48,037 · related or exempt $48,037
-
11e · Other revenue, total
$48,037
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 $565,704 · program services $491,031 · management and general $74,673
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $1,388,810 · program services $1,205,487 · management and general $183,323
-
8 · Pension plan contributions
total $83,826 · program services $72,761 · management and general $11,065
-
9 · Other employee benefits
total $3,411 · program services $2,961 · management and general $450
-
10 · Payroll taxes
total $421,499 · program services $365,861 · management and general $55,638
-
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 $161,512 · program services $161,512
-
13 · Office expenses
total $172,450 · program services $143,286 · management and general $29,164
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $88,272 · program services $64,393 · management and general $23,879
-
17 · Travel
total $150,356 · program services $129,839 · management and general $20,517
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $365,216 · program services $365,216
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $54,991 · management and general $54,991
-
23 · Insurance
total $27,564 · program services $27,564
-
24a · Other expenses: CONTRACT SERVICES
total $1,178,472 · program services $1,117,429 · management and general $61,043
-
24b · Other expenses: OTHER PROGRAM EXPENSES
total $528,594 · program services $504,595 · management and general $23,999
-
24c · Other expenses: Provision for loan losses
total $275,975 · program services $275,975
-
24d · Other expenses: Equipment Cost
total $90,250 · program services $90,250
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $617,458 · end of year $4,701,809
-
2 · Savings and temporary cash investments
beginning of year $3,218,492 · end of year $5,543,751
-
3 · Pledges and grants receivable
beginning of year $1,800,000 · end of year $218,118
-
4 · Accounts receivable
beginning of year $1,202,817 · end of year $500,690
-
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 $18,971,995 · end of year $18,458,761
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$1,744,504
-
10b · Land, buildings and equipment: accumulated depreciation
$60,576
-
10c · Land, buildings and equipment, net
beginning of year $1,712,226 · end of year $1,683,928
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $257,750 · end of year $771,131
-
17 · Accounts payable and accrued expenses
beginning of year $211,089 · end of year $221,489
-
19 · Deferred revenue
beginning of year $265,639 · end of year $265,639
-
23 · Secured mortgages and notes payable
beginning of year $3,835,096 · end of year $3,687,603
-
24 · Unsecured notes and loans payable
beginning of year $9,896,217 · end of year $13,436,857
-
25 · Other liabilities
beginning of year $35,095 · end of year $93,659
-
27 · Net assets without donor restrictions
beginning of year $12,237,602 · end of year $11,506,651
-
28 · Net assets with donor restrictions
beginning of year $1,300,000 · end of year $2,666,290
Mission and programs · 2024
Mission
ACCESS PLUS CAPITAL IS NONPROFIT SMALL BUSINESS LENDER AND SERVICE PROVIDER WITH THE MISSION TO ELIMINATE ECONOMIC BARRIERS TO FINANCIAL SUCCESS THROUGH FAIR AND EQUITABLE COMMUNITY INVESTMENT.
-
ACCESS PLUS CAPITAL PROVIDES CAPITAL, NO-COST BUSINESS COACHING & TRAINING, AND OTHER FINANCIAL RESOURCES TO SMALL BUSINESSES AND ENTREPRENEURS IN CENTRAL CALIFORNIA'S MOST ECONOMICALLY DISADVANTAGED COMMUNITIES TO BUILD WEALTH AND GROW JOBS. ITS LENDING RANGES FROM $5000 TO $500,000 INCLUDING START-UP & REAL ESTATE LOANS TO STABILIZE AND GROWTH BUSINESSES WITH A FOCUS ON PEOPLE OF COLOR, WOMEN, AND BUSINESSES IN LOW-INCOME AND RURAL COMMUNITIES FROM SACRAMENTO TO BAKERSFIELD.
Expenses $5,018,160 · Revenue $1,834,313
As filed on the 2024 return.
Listed in Part VII
-
Tate Hill
President & CEO
- Total calculated
- $179,800
- From this org
- $170,000
- From related orgs
- $0
- Other
- $9,800
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $170,000
- Bonus
- not reported
- Other
- not reported
- Deferred
- $6,800
- Nontaxable benefits
- $3,000
- Filer's total
- $179,800
-
Pamela Mostert
COO
- Total calculated
- $135,924
- From this org
- $129,542
- From related orgs
- $0
- Other
- $6,382
- Hours/week
- 40
-
Carmen Soto
VP of Admin.
- Total calculated
- $126,856
- From this org
- $119,092
- From related orgs
- $0
- Other
- $7,764
- Hours/week
- 40
-
SeeYeng Her
VP Lending
- Total calculated
- $123,124
- From this org
- $116,155
- From related orgs
- $0
- Other
- $6,969
- Hours/week
- 40
-
Donald Terry
Board Chair
- Total calculated
- $0
- Hours/week
- 2
-
James Martinez
Vice Chair
- Total calculated
- $0
- Hours/week
- 2
-
Debra Bradley
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Jose Sabala
Member
- Total calculated
- $0
- Hours/week
- 2
-
Heather Brown
Member
- Total calculated
- $0
- Hours/week
- 2
-
Elize Brown Bradley
Member
- Total calculated
- $0
- Hours/week
- 2
-
Emogene Nelson
Member
- Total calculated
- $0
- Hours/week
- 2
-
Dorothy Thomas
Member
- Total calculated
- $0
- Hours/week
- 2
-
Itzi Robles
Member
- Total calculated
- $0
- Hours/week
- 2
-
Tom Vanderheiden
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Daniel Zack
Member
- Total calculated
- $0
- Hours/week
- 2
-
Craig Howells
Member
- Total calculated
- $0
- Hours/week
- 2
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 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 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.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 15 May 2025
- IRS schema version
- 2024v5.1
- Source object
- 202541359349307494
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.