Overview
What is Greater Sacramento Certified Development Corporation?
Greater Sacramento Certified Development Corporation, situated in North Highlands, California, serves as a certified development organization authorized by the US Small Business Administration. Their primary mission is to promote economic growth and employment opportunities throughout the state of California, with a specific focus on assisting small businesses. They administer the SBA-504 program, which provides financing to businesses, particularly those located in depressed or rural communities and/or owned by underrepresented groups such as women, minorities, veterans, and individuals with disabilities. The corporation's activities are geared toward fostering employment and promoting business growth in California, contributing to the state's overall economic development. With a staff of 10 dedicated individuals, Greater Sacramento Certified Development Corporation plays a significant role in supporting small businesses in California.
Official website here: www.504cdc.com
Is Greater Sacramento Certified Development Corporation legitimate?
Greater Sacramento Certified Development Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Greater Sacramento Certified Development Corporation 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $149,072
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.504cdc.com
What is the mission statement of Greater Sacramento Certified Development Corporation?
The Greater Sacramento Certified Development Corporation is organized with a mission to promote employment, stimulate economic development, and assist in the growth and development of businesses throughout California. Acting as a certified development corporation authorized by the U.S. Small Business Administration, its primary focus is the SBA-504 program designed to promote economic development, particularly in assisting small businesses to grow and create jobs, especially in underprivileged or rural communities. The corporation also extends financing to small businesses, with a special emphasis on businesses owned by women, minorities, veterans, and individuals with disabilities.
Official website here: www.504cdc.com
Who is the CEO of Greater Sacramento Certified Development Corporation?
Raymond Sebastian is the Exec.Dir./Sec'Y of Greater Sacramento Certified Development Corporation.
Official website here: www.504cdc.com
What is the revenue of Greater Sacramento Certified Development Corporation?
Greater Sacramento Certified Development Corporation's revenue in 2023 was $1,249,340.
Official website here: www.504cdc.com
Who are the executives of Greater Sacramento Certified Development Corporation and what are their salaries?
The average compensation at Greater Sacramento Certified Development Corporation during 2023 was $14,907. There are 10 employees at Greater Sacramento Certified Development Corporation.
Here are 12 key members and their salaries:
- Compensation: $149,072
- Related: $0
- Other: $14,907
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.504cdc.com
Where can I find the form 990 for Greater Sacramento Certified Development Corporation?
Greater Sacramento Certified Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.504cdc.com
Learn more at the official website: www.504cdc.com
Mission Statement of Greater Sacramento Certified Development Corporation
Greater Sacramento Certified Development Corporation, abbreviated as GSCDC, is an organization with a mission to stimulate employment opportunities and promote economic growth across California. This corporation is specifically tasked with fostering and advancing employment, encouraging economic development, and assisting in the expansion and development of various business ventures throughout the state. As a certified development corporation authorized by the United States Small Business Administration, GSCDC administers the SBA-504 program. This program's primary objective is to promote economic development, with a primary focus on aiding small businesses in growing and creating jobs. The program is particularly designed to offer financing to small businesses, with a strong emphasis on businesses situated in economically depressed or rural communities and businesses owned by women, minorities, veterans, and individuals with disabilities.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Greater Sacramento Certified Development Corporation (GSCDC) plays a pivotal role in fostering and furthering economic growth throughout California by providing vital financial support to small businesses. By administering the SBA-504 program, GSCDC helps facilitate access to financing that allows these businesses to expand, innovate, and create jobs.
The corporation places a strong emphasis on supporting businesses located in underprivileged and rural areas, as well as those owned by women, minorities, veterans, and individuals with disabilities. This targeted approach not only promotes economic development but also contributes to community improvement and social equity.
Through its efforts, GSCDC helps to strengthen the local economy, enhance employment opportunities, and empower diverse entrepreneurs, leading to a more vibrant and inclusive business landscape across the state.
This information is meant to be a general summary of Greater Sacramento Certified Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
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 2023.
- Investment Income: $2,599
- Program Service Revenue: $1,246,741
- Gross Receipts: $1,249,340
Assets and Liabilities:
- Total Assets: $1,665,494
- Total Liabilities: $251,101
- Net Assets: $1,414,393
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LATE & ASSUMPTION FEES
Revenue
$347
SBA CLOSING FEES
Revenue
$20,500
SBA INTEREST ON ESCROW AC
Revenue
$176,708
SBA PROCESSING FEES
Revenue
$309,122
SBA SERVICING FEES
Revenue
$740,064
Organization Details
Founding Year
1985
Phone
(916) 339-1096Principal Officer
Raymond Sebastian
Main Address
5428 WATT AVENUE, NORTH HIGHLANDS, CA, 95660
Website
www.504cdc.comNTEE Category
Code: S20Z - Community improvement
If you are a representative of Greater Sacramento Certified Development Corporation 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.