2024-11-14T16:26:06-06:00 2023-12-31 951754234 EADIE AND PAYNE LLP PO BOX 1529 RIVERSIDE CA 925021529 990 2023-01-01 953685889 SPRINGBOARD CDFI SPRI 9517797739 2140 HOOVER AVENUE SUITE 115 NATIONAL CITY CA 91950 ANGELIQUE CAPALBO PRESIDENT 9517797739 2024-11-07 1 0 ROMA SCOTT P01368086 9512417811 2023 2024-10-15 13:58:12Z ANGELIQUE CAPALBO 2140 HOOVER AVENUE SUITE 115 NATIONAL CITY CA 91950 225180 0 X SPRINGBOARD.ORG X 1982 CA BRIDGING THE WEALTH GAP IN AMERICA BY PROVIDING SCALED SOLUTIONS AND ACCESS TO CAPITAL; WITH A FOCUS ON FIRST-TIME HOMEBUYERS, PEOPLE OF COLOR, AND RURAL COMMUNITIES. 4 4 2 0 0 0 0 36197 169794 188827 -1727 2 838 154 168905 225180 0 0 0 0 197289 253086 0 0 0 187537 148655 384826 401741 -215921 -176561 9349739 9636256 700952 1164030 8648787 8472226 X SEE SCHEDULE O 0 0 76240 188981 SEE SCHEDULE O 76240 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 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 1 0 0 0 1 23 0 1 2 1 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X ANGELIQUE CAPALBO 9517797739 2140 HOOVER AVENUE SUITE 115 NATIONAL CITY CA 91950 CURTIS PARADZICK DIRECTOR 1.00 X 0 0 0 TODD EMERSON BOARD CHAIR 1.00 X 0 0 0 DENIS GITSCHIER TREASURER 1.00 X 0 0 0 STEVEN CLARK SECRETARY 1.00 X 0 0 0 ANGELIQUE CAPALBO PRESIDENT 40.00 X 164475 0 16726 164475 0 16726 1 0 1 0 0 36197 36197 LOAN INTEREST 522292 120566 120566 LOAN AND BROKER FEES 522292 50022 50022 CWCOT TRANSFER FEES 522292 18239 18239 188827 2 2 MISCELLANEOUS INCOME 900099 154 154 154 225180 188981 0 2 181201 15717 165484 39296 29405 9891 18376 9164 9212 14213 3027 11186 53846 53846 1050 1050 18755 18755 316 316 803 803 9901 9901 588 226 362 236 236 31744 7150 24594 TAXES AND LICENSES 10395 7470 2925 TELEPHONE AND INTERNET 5239 5239 OTHER EXPENSES 4335 509 3826 CLEANING AND MAINTENANC 3525 3525 7922 3256 4666 401741 76240 325501 0 3525650 3406280 10410 5000 5786778 5501725 701548 26665 21703 2003 2003 236 0 9349739 9636256 82126 50298 618826 1113732 700952 1164030 X -166065 -298452 8814852 8770678 8648787 8472226 9349739 9636256 -176561 0 X X 0 1 X 1 0 X 263995 137119 169794 188827 759735 263995 137119 169794 188827 759735 759735 12 14 77 2 105 759840 3681820 0.99990 0.99990 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2003 2003 0 0 DUE TO CALHOME 54877 SBA PPP LOAN 150000 LINE OF CREDIT 207307 DUE TO CWCOT 701548 1113732 225180 0 225180 0 225180 401741 0 401741 0 401741 X X 0 0 0 0 0 0 0 0 0 ANGELIQUE CAPALBO PRESIDENT 164475 0 0 0 0 0 0 0 16726 0 181201 0 0 0 FORM 990, PART III, LINE 1 - ORGANIZATION MISSION SPRINGBOARD CDFI IS A 501(C)3 NONPROFIT CORPORATION INCORPORATED ON FEBRUARY 25, 1982 WITH A MISSION TO BRIDGE THE WEALTH GAP IN AMERICA BY BRINGING SCALED SOLUTIONS AND ACCESS TO CAPITAL TO UNDERSERVED MARKETS. FORM 990, PART III, LINE 4A - PROGRAM SERVICE ACCOMPLISHMENT THROUGH ITS COMBINED PRODUCTS AND SERVICES, SPRINGBOARD CDFI ASSISTED 400 CONSUMERS IN THE HOMEOWNERSHIP PROCESS DURING THE YEAR. SPRINGBOARD CDFI IS A US TREASURY CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION, PROVIDING DOWN-PAYMENT, FIRST MORTGAGE, AND CLOSING COST LOANS FOR THE PRIMARY BENEFIT OF LOW TO MODERATE INCOME (LMI) FIRST-TIME HOMEBUYERS IN COMMUNITIES GENERALLY UNDERSERVED BY TRADITIONAL LENDERS. SPRINGBOARD CDFI OFFERS A VARIETY OF LOAN PROGRAMS IN PARTNERSHIP WITH FINANCIAL INSTITUTIONS AND OTHER PARTNERS AND ALSO ORIGINATES OR SERVICES A VARIETY OF DOWN-PAYMENT AND SPECIAL PROGRAMS, EITHER FROM ITS OWN FUNDS, BROKERED THROUGH BANK LENDING PARTNERS, OR AS THE ADMINISTRATOR ON BEHALF OF GOVERNMENT OR NONPROFIT ENTITIES. THE LOAN ASSETS OF SPRINGBOARD CDFI WERE ORIGINATED UNDER THE FOLLOWING PROGRAM: CALHOME: CALHOME LOAN FUNDS ALLOW FIRST-TIME HOMEBUYERS EARNING LESS THAN 80% OF AREA MEDIAN INCOME TO OBTAIN FULLY DEFERRED DOWN-PAYMENT LOANS AT 3% INTEREST. REPAYMENT OF THESE LOANS IS DEFERRED UNTIL THE SALE OR REFINANCING OF THE PROPERTY. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED INTERNALLY AND THEN PRESENTED TO THE AUDIT COMMITTEE FOR REVIEW AND APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C IN CASE OF A CONFLICT OF INTEREST ISSUE, THE BOARD WOULD REVIEW THE SITUATION. THERE ARE NO KNOWN CONFLICTS OF INTEREST FOR THE CURRENT TAX YEAR. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION USES INDEPENDENT PERSONS AND CONTEMPORANEOUS SUBSTANTIATION TO DETERMINE SALARIES. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION WILL PROVIDE A COPY TO PERSONS MAKING A WRITTEN REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WILL PROVIDE ITS EXEMPTION APPLICATON INCLUDING SUPPORTING DOCUMENTATION AND ITS ANNUAL RETURN TO ANY PERSON WHO REQUESTS THIS INFORMATION IN WRITING. THIS INFORMATION CAN BE OBTAINED IN THE FORM OF PDF DOCUMENTS. FORM 990, PART XII, LINE 2C - FINANCIAL STATEMENTS AND REPORTING NO CHANGE FROM THE PRIOR YEAR. SPRINGBOARD CDFI 2023-1 LP 360 MOTOR PKWY STE 200B HAUPPAUGE NY 11788 953685889 REAL ESTATE NY N/A 0 1 0.00100 SPRINGBOARD CDFI 2023-2 LP 2140 HOOVER AVE ST 115 NATIONAL CITY CA 91950 932782450 REAL ESTATE CA N/A 0 1 0.00100 SPRINGBOARD CDFI 2023-3 LP 2140 HOOVER AVE STE 115 NATIONAL CITY CA 91950 932884025 REAL ESTATE CA N/A 0 1 0.00100 SPRINGBOARD CDFI 2023-4 LP 2140 HOOVER AVE STE 115 NATIONAL CITY CA 91950 934091648 REAL ESTATE CA N/A 0 1 0.00100 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0