2024-05-15T18:45:04-05:00 2023-06-30 953001179 WINDES INC PO BOX 87 LONG BEACH CA 90801 990 2022-07-01 954313041 BUSINESS FINANCE CAPITAL BUSI 2139991481 1055 W 7TH STREET 2250 LOS ANGELES CA 90017 JACKY DILFER EXECUTIVE DIRECTOR 2139991481 2024-04-17 1 JACKY DILFER 999009999 1 DONITA JOSEPH P00286656 5624351191 2024-04-17 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JACKY DILFER 1055 W 7TH STREET 2250 LOS ANGELES CA 90017 11143694 0 X WWW.BFCFUNDING.COM X 1992 CA TO PROMOTE JOB CREATION AND RETENTION 9 8 29 8 0 0 0 0 11624180 10555237 111372 588457 0 0 11735552 11143694 0 0 0 0 3767829 3685661 0 0 0 5670556 5398597 9438385 9084258 2297167 2059436 7749774 9446622 1477068 1114480 6272706 8332142 TO PROMOTE JOB CREATION AND RETENTION. 0 0 7623249 10555237 PROVIDED LOANS AND SERVICING OF LOANS TO SMALL BUSINESSES THROUGH THE SMALL BUSINESS ADMINISTRATION LOAN PROGRAM. THE ORGANIZATION IS A CERTFIED DEVELOPMENT COMPANY. THE PROGRAM ACTIVITIES DEVELOP AND SUSTAIN THE ECONOMY AND PROMOTE SMALL BUSINESS GROWTH, WHILE RETAINING AND CREATING JOBS FOR COMMUNITIES. 7623249 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 31 0 1 29 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 CA X CHESNEY ZUBIA 8007227325 1055 W 7TH STREET 2250 LOS ANGELES CA 90017 JACKY DILFER EXECUTIVE DIRECTOR 40.00 X X 1000000 0 48100 SHERRY F MARTIN CHAIRMAN 2.00 X X 0 0 0 LARRY SCHERZER CFO 2.00 X X 0 0 0 JACK R CLINE JR SECRETARY/TREASURER 2.00 X X 0 0 0 IRIS ALVARADO BOARD MEMBER 2.00 X 0 0 0 ALAN THIAN BOARD MEMBER 2.00 X 0 0 0 THOMAS WALSMITH BOARD MEMBER 2.00 X 0 0 0 IRENE LI WILLIAMS BOARD MEMBER 2.00 X 0 0 0 HOONIE KANG BOARD MEMBER 2.00 X 0 0 0 RAYMOND K SAKAIDA EXECUTIVE VP 40.00 X 96951 0 0 THERESE C HOGAN VICE PRESIDENT 40.00 X 355341 0 19127 CARLY WHITNEY BUSINESS DEVELOPMENT OFFICER 40.00 X 897193 0 15289 LISA MATTA BUSINESS DEVELOPMENT OFFICER 40.00 X 306404 0 20774 LEE KLEINMAN BUSINESS DEVELOPMENT OFFICER 40.00 X 343230 0 22672 YE JIANG LOAN CLOSING MANAGER 40.00 X 195000 0 16978 3194119 0 142940 7 0 1 0 VANGUARD REALTY ADVISORS LLC 6106 INNOVATION WAY CARLSBAD CA 92009 APPRAISAL SERVICES 279700 LAW OFFICES OF MICHAEL RUBENSTEIN 150 SPEAR STREET SUITE 1800 SAN FRANCISCO CA 94105 LEGAL/CLOSING SERVICES 250182 LAW OFFICES OF RANDOLPH C HOUTS 771 JAMACHA ROAD 527 EL CAJON CA 92019 LEGAL/CLOSING SERVICES 237956 JOBOT LLC 3101 W PACIFIC COAST HIGHWAY NEWPORT BEACH CA 92663 TEMP SERVICES 201298 LAW OFFICES OF TAMMY K LEE 12820 SOUTH SEAGLASS CIRCLE LOS ANGELES CA 90094 LEGAL/CLOSING SERVICES 196300 8 LOAN PROCESSING FEES 900099 5985299 5985299 SERVICING FEES 900099 3833965 3833965 CLOSING COSTS 900099 735973 735973 10555237 588457 588457 11143694 10555237 0 588457 X 1047762 912738 135024 2030650 1762174 268476 231196 216567 14629 158512 148482 10030 217541 188779 28762 214616 214616 122491 122491 136222 136134 88 443098 6045 437053 614658 454046 160612 522416 472553 49863 16233 14610 1623 177421 159679 17742 COMMISSIONS TO EMPLOYEE 1228258 1228258 REFERRAL AND REBATE COS 765236 765236 ATTORNEY CLOSING SERVIC 610149 610149 ECONOMIC DEVELOPMENT 343575 343575 204224 204224 9084258 7623249 1461009 0 7082772 6658714 504362 2526893 127546 242154 284558 265697 35094 18861 7749774 9446622 328862 521003 706514 593477 441692 0 1477068 1114480 X 6272706 8332142 6272706 8332142 7749774 9446622 2059436 0 X 0 1 X 1 0 12344 1400 10944 272214 264297 7917 18861 X 11143694 0 11143694 0 11143694 9084258 0 9084258 0 9084258 PART X, LINE 2: FIN 48: THE ORGANIZATION IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE (IRC) AND SECTION 23701(F) OF THE CALIFORNIA TAX CODE. CONSEQUENTLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT REFLECT ANY PROVISION FOR INCOME TAXES. THE ORGANIZATION EVALUATES UNCERTAIN TAX POSITIONS WHEREBY THE EFFECT OF THE UNCERTAINTY WOULD BE RECORDED IF THE TAX POSITIONS WILL, MORE LIKELY THAN NOT, BE SUSTAINED UPON EXAMINATION. AS OF JUNE 30, 2023, MANAGEMENT DOES NOT BELIEVE THE ORGANIZATION HAS ANY UNCERTAIN TAX POSITIONS REQUIRING ACCRUAL OR DISCLOSURE. THE ORGANIZATION IS SUBJECT TO POTENTIAL INCOME TAX AUDITS ON OPEN TAX YEARS BY ANY TAXING JURISDICTION IN WHICH IT OPERATES. THE STATUTE OF LIMITATIONS FOR FEDERAL AND CALIFORNIA STATE PURPOSES IS GENERALLY THREE AND FOUR YEARS, RESPECTIVELY. 1 X X X X X 0 0 0 0 0 0 0 0 0 JACKY DILFER EXECUTIVE DIRECTOR 625000 0 375000 0 0 0 38500 0 9600 0 1048100 0 0 0 CARLY WHITNEY BUSINESS DEVELOPMENT OFFICER 137500 0 759693 0 0 0 14500 0 789 0 912482 0 0 0 THERESE C HOGAN VICE PRESIDENT 122250 0 233091 0 0 0 14500 0 4627 0 374468 0 0 0 LEE KLEINMAN BUSINESS DEVELOPMENT OFFICER 123333 0 219897 0 0 0 13057 0 9615 0 365902 0 0 0 LISA MATTA BUSINESS DEVELOPMENT OFFICER 90000 0 216404 0 0 0 10959 0 9815 0 327178 0 0 0 YE JIANG LOAN CLOSING MANAGER 160000 0 35000 0 0 0 8400 0 8578 0 211978 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B PROVIDE EXPLANATION AS TO WHY THE ORGANIZATION DID NOT DOCUMENT MEETINGS HELD OR ACTIONS UNDERTAKEN BY EACH COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. ORGANIZATION DOES NOT HAVE BOARD COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B DESCRIBE THE PROCESS THE ORGANIZATION USES TO REVIEW FORM 990. THE BOARD REVIEWS THE FORM 990 WITH THE SBA ANNUAL REPORT. FORM 990, PART VI, SECTION B, LINE 12C DESCRIBE THE PROCESS THE ORGANIZATION USES TO MONITOR AND ENFORCE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. THE EXECUTIVE OFFICER WILL REVIEW THE DISCLOSURE STATEMENTS AND AFFIRMATIONS OF COMPLIANCE SUBMITTED BY THE STAFF AND CONSULTANTS. FOR THE BOARD MEMBERS AND EXECUTIVE OFFICER, THE DISCLOSURE STATEMENT SHALL BE PROVIDED TO THE CHAIR OF THE BOARD. THE CHAIR'S DISCLOSURE STATEMENT SHALL BE PROVIDED TO THE SECRETARY OF THE BOARD. AN INTERESTED PARTY WHO HAS POTENTIAL CONFLICT OF INTEREST WITH RESPECT TO A PROPOSED ACTION, POLICY OR TRANSACTION OF THE CORPORATION, SHALL NOT PARTICIPATE IN ANY WAY OR BE PRESENT DURING THE DELIBERATIONS AND DECISION-MAKING VOTE OF CDC. THE ORGANIZATION WILL ALSO DOCUMENT, THROUGH MEETING MINUTES, THE CONFLICT DISCLOSURES THAT WERE MADE TO THE BOARD, THE VOTE TAKEN, AND WHERE APPLICABLE THE ABSTENTION OF VOTING AND PARTICIPATION BY THE INTERESTED PARTY. FORM 990, PART VI, SECTION B, LINE 15 DESCRIBE THE PROCESS FOR DETERMING THE COMPENSATION OF THE ORGANIZATION'S OFFICERS OR KEY EMPLOYEES. THE COMPENSATION OF THE ORGANIZATION'S EXECUTIVE DIRECTOR IS REVIEWED AND APPROVED BY THE BOARD. ALSO, A COMPENSATION STUDY IS PERFORMED BY THE INDEPENDENT COMPENSATION CONSULTANT. THE COMPENSATION OF OTHER OFFICERS OR KEY EMPLOYEES IS REVIEWED AND APPROVED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 METHOD BY WHICH THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. NO DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART IX - FUNDRAISING EXPENSE: THE ORGANIZATION DOES NOT INCUR FUNDRAISING EXPENSES SINCE REVENUE IS RECEIVED THROUGH PROGRAM SERVICE ACTIVITIES.