2025-01-23T14:56:39-06:00 2024-06-30 450250958 EIDE BAILLY LLP 10681 FOOTHILL BLVD STE 300 RANCHO CUCAMONGA CA 917303831 990 2023-07-01 940276025 CALIFORNIA COASTAL RURAL DEVELOPMENT COR CALI 8314241099 132 W GABILAN ST SALINAS CA 93901 LEE TAKIKAWA PRESIDENT 8314241099 2025-01-23 1 1 CATHERINE L GRAY CPA P01294460 9094664410 2025-01-22 2023 2024-10-15 13:58:12Z X LEE TAKIKAWA 132 W GABILAN ST SALINAS CA 93901 6796425 0 X WWW.CALCOASTAL.ORG X 1982 CA CALIFORNIA COASTAL RURAL DEVELOPMENT CORPORATION IS DEDICATED TO PROVIDING FINANCING TO SMALL FARMERS AND BUSINESSES THROUGHOUT CALIFORNIA. OUR MISSION IS TO ASSIST THESE ENTERPRISES TO GROW, THRIVE AND PROSPER ENABLING THE OVERALL ECONOMIC DEVELOPMENT OF OUR UNDERSERVED COMMUNITIES. 11 11 15 24 26087 0 735100 3326405 3944883 3443933 0 0 331426 26087 5011409 6796425 0 0 0 0 1778474 1727213 0 0 0 1736228 1632826 3514702 3360039 1496707 3436386 18558574 20315819 9577844 7898703 8980730 12417116 X CALIFORNIA COASTAL RURAL DEVELOPMENT CORPORATION IS DEDICATED TO PROVIDING FINANCIAL ASSISTANCE TO SMALL BUSINESSES FOR THE PURPOSE OF CREATING EMPLOYMENT AND ECONOMIC DEVELOPMENT. WE PROVIDE FARM LOANS AND LOAN GUARANTEES TO BUSINESSES THAT HAVE THE ABILITY TO REPAY, BUT ARE UNABLE TO SECURE FUNDS AT A REASONABLE RATE FROM COMMERCIAL CREDIT INSTITUTIONS. 0 0 2352027 3470020 LOAN GUARANTEE PROGRAM-PROVIDES LOAN GUARANTEES TO ENCOURAGE LENDERS TO MAKE LOANS TO MARGINAL CREDIT BUSINESSES AND FARMERS DIRECT LOAN PROGRAM-MAKE DIRECT LOANS TO SMALL FARM OPERATORS UTILIZING USDA FARM SERVICES AGENCY LOAN GUARANTEES. INTERMEDIATE RELENDING PROGRAM-PROVIDES RELENDING TO SMALL BUSINESSES THAT MANUFACTURE OR PROVIDE SERVICES IN SMALL CITIES SMALL BUSINESS ASSITANCE-PROVIDES LENDING AND TECHNICAL ASSISTANCE TO SMALL BUSINESSES THROUGH THE U.S. SMALL BUSINESS ADMINISTRATION MICROLENDING PROGRAM NAD BANK PROGRAM MAKES DIRECT LOANS TO COMMERCIAL ENTERPRISES LOCATED IN AREAS IMPACTED BY THE NORTH AMERICAN FREE TRADE AGREEMENT UTILIZING U.S.D.A.'S BUSINESS AND INDUSTRY LOAN GUARANTEE PROGRAM 2352027 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 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 0 1 20 0 1 15 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 CA X X THE ORGANIZATION 8314241099 132 W GABILAN ST SALINAS CA 93901 LEE TAKIKAWA PRESIDENT 40.00 X X 238333 0 29774 JEFF RAWLINGS MEMBER 2.50 X 2200 0 0 ROY ROBBINS CHAIRMAN & CFO 2.50 X X 4600 0 0 DANNY BRAGA MEMBER 2.50 X 2100 0 0 TED CAGAT VICE CHAIR & DIRECTOR 2.50 X X 1900 0 0 LOUIE VALENZUELA MEMBER 2.50 X 2100 0 0 JUAN BATISTA MEMBER 2.50 X 2100 0 0 MAEDA PALIUS MEMBER 2.50 X 1700 0 0 JOHN MOSKAL MEMBER 2.50 X 0 0 0 CLAY APPLETON MEMBER 2.50 X 2100 0 0 SEBASTIAN GUILLEN MEMBER 2.50 X 800 0 0 CINDY MERZON DIRECTOR 2.50 X 1100 0 0 DAVID DICKINSON CHIEF LENDER OFFICER 40.00 X 119840 0 44452 FRED MADISON CONTROLLER 40.00 X 119840 0 41307 LOREE VAN BEBBER MEMBER/MARKETING MANAGER 40.00 X 100117 0 22613 ERICH KORTZ SM LOAN OFFICER 40.00 X 108500 0 25912 707330 0 164058 5 0 1 0 0 3274839 51566 3326405 JURISDICTIONAL INCOME 522100 2921176 2921176 LOAN INCOME 522100 522757 522757 3443933 26087 0 26087 26087 26087 6796425 3443933 26087 0 288807 288807 967585 879474 88111 74197 51938 22259 303108 212175 90933 93516 65462 28054 218437 152906 65531 6003 4202 1801 43107 30175 12932 230670 161469 69201 73341 51339 22002 771087 539761 231326 23367 16357 7010 LOAN EXPENSE 176782 123747 53035 COMMUNICATION 37412 26188 11224 TAXES & LICENSES 34252 23976 10276 EQUIPMENT REPAIR AND MA 18368 12858 5510 3360039 2352027 1008012 0 8326058 5429073 135217 79117 9491223 12822015 2350144 893526 12359 1456618 57322 68929 536395 460067 18558574 20315819 357386 356513 560000 200000 8004121 6973465 656337 368725 9577844 7898703 X 8064730 11426550 916000 990566 8980730 12417116 18558574 20315819 3436386 0 X 0 1 X 1 1 1 X 305237 1486165 2849825 735100 3326405 8702732 305237 1486165 2849825 735100 3326405 8702732 8702732 331426 331426 9034158 16196370 0.96330 0.94480 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2352027 2352027 267601 66900 0 0 276024 264294 273015 267601 1080934 1621401 69006 66074 68254 66900 270234 405351 1169630 96750 1072880 1180514 796776 383738 1456618 OTHER LIABILITIES 180385 OPERATING LEASE LIABILITY 188340 368725 X 6796425 0 6796425 0 6796425 3360039 0 3360039 0 3360039 PART X, LINE 2: CAL COASTAL HAS ADOPTED FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740 THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN, OR EXPECTED TO BE TAKEN, ON A TAX RETURN AND PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY IF, BASED ON ITS MERITS, THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT BY THE TAXING AUTHORITIES. MANAGEMENT BELIEVES THAT ALL TAX POSITIONS TAKEN TO DATE ARE HIGHLY CERTAIN AND, ACCORDINGLY, NO ACCOUNTING ADJUSTMENT HAS BEEN MADE TO THE FINANCIAL STATEMENTS. INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS ARE RECORDED AS PART OF INCOME TAX EXPENSE. X X X X 0 0 0 0 0 0 0 0 0 LEE TAKIKAWA PRESIDENT 193333 0 45000 0 0 0 14300 0 15474 0 268107 0 0 0 DAVID DICKINSON CHIEF LENDER OFFICER 105840 0 14000 0 0 0 7192 0 37260 0 164292 0 0 0 FRED MADISON CONTROLLER 105840 0 14000 0 0 0 7192 0 34115 0 161147 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE A COMMITTEE WITH AUTHORITY TO ACT ON ITS BEHALF. FORM 990, PART VI, SECTION B, LINE 11B RETURN WILL BE REVIEWED BY THE AUDIT OR EXECUTIVE COMMITTEE AND WILL BE GIVEN TO THE BOARD OF DIRECTORS BEFORE THE FILING OF THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND OFFICERS PROVIDE ANNUAL DISCLOSURES WHICH ARE MONITORED BY THE CHAIR OF THE BOARD OF DIRECTOR'S GOVERNANCE COMMITTEE ; IF A CONFLICT ARISES THE BOARD MEMBER IS ASKED TO EXCUSE HIMSELF/HERSELF FROM ALL DISCUSSIONS AND VOTING ON THE ISSUE. FORM 990, PART VI, SECTION B, LINE 15 CALIFORNIA BANKERS ASSOCIATION MOST RECENTLY AVAILABLE SALARY SURVEY WAS USED FOR COMPARABLY SIZED BANKING INSTITUTIONS, ALL POSITIONS WITHIN CAL COASTAL WERE COMPARED IN THIS SURVEY. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE AVAILABLE AT THE BUSINESS ADDRESS DURING NORMAL BUSINESS HOURS.