2025-10-31T16:44:55-05:00 2024-12-31 951754234 EADIE AND PAYNE LLP PO BOX 1529 RIVERSIDE CA 925021529 990 2024-01-01 953685889 SPRINGBOARD CDFI SPRI 9517797739 2140 HOOVER AVENUE SUITE 115 NATIONAL CITY CA 91950 ANGELIQUE CAPALBO PRESIDENT 9517797739 2025-10-28 1 0 ROMA SCOTT P01368086 9512417811 2024 2025-03-06 01:10:19Z ANGELIQUE CAPALBO 2140 HOOVER AVENUE SUITE 115 NATIONAL CITY CA 91950 710976 0 X SPRINGBOARD.ORG X 1982 CA TO EMPOWER LOW-TO-MODERATE INCOME FAMILIES BY FACILITATING ACCESS TO MORTGAGE OPPORTUNITIES THROUGH STRATEGIC PARTNERSHIPS WITH FINANCIAL INSTITUTIONS AND TO FOSTER ECONOMIC MOBILITY BY PROVIDING EQUITABLE LENDING SOLUTIONS, RESOURCES, AND SUPPORT FOR SUSTAINABLE HOMEOWNERSHIP TO FIRST-TIME HOMEBUYERS, PEOPLE OF COLOR, AND RURAL COMMUNITIES. 4 4 2 0 0 0 36197 0 188827 702925 2 1 154 8050 225180 710976 0 0 0 0 253086 266794 0 0 0 148655 165449 401741 432243 -176561 278733 9636256 10399688 1164030 1648729 8472226 8750959 X SEE SCHEDULE O 0 0 66098 710975 SEE SCHEDULE O 66098 1 0 0 0 0 0 0 0 0 0 0 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 1 1 0 0 0 1 15 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 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 15854 164475 0 15854 1 0 1 0 0 HVLS INCOME 522292 413323 413323 LOAN INTEREST 522292 120492 120492 CWCOT TRANSFER FEES 522292 109612 109612 LOAN AND BROKER FEES 522292 59498 59498 702925 1 1 MISCELLANEOUS INCOME 900099 8050 8050 8050 710976 710975 0 1 180329 39976 140353 53643 7341 46302 16749 8835 7914 16073 3316 12757 64260 64260 750 750 29050 29050 1116 3 1113 9932 9932 1707 990 717 4458 333 4125 20470 549 19921 TAXES AND LICENSES 10523 2779 7744 BUSINESS DEVELOPMENT 5943 770 5173 TELEPHONE AND INTERNET 5466 5466 OTHER EXPENSE 4573 25 4548 7201 1181 6020 432243 66098 366145 0 3406280 3310278 5000 14733 5501725 5783628 701548 1270414 21703 20635 0 0 0 0 0 9636256 10399688 50298 27466 1113732 1621263 1164030 1648729 X -298452 248088 8770678 8502871 8472226 8750959 9636256 10399688 278733 0 X X 0 1 X 1 0 X 263995 137119 169794 188827 702924 1462659 263995 137119 169794 188827 702924 1462659 1462659 12 14 77 2 1 106 1462765 3681820 0.99990 0.99990 X 0 SBA PPP LOAN 147443 LINE OF CREDIT 197307 DUE TO CWCOT 1273956 CURRENT PORTION OF LTD 2557 1621263 X 710976 0 710976 0 710976 432243 0 432243 0 432243 PART X, LINE 2: MANAGEMENT HAS DETERMINED THAT THE COMPANY DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS AND ASSOCIATED UNRECOGNIZED BENEFITS THAT MATERIALLY IMPACT THE FINANCIAL STATEMENTS OR RELATED DISCLOSURES. X X 0 0 0 0 0 0 0 0 0 ANGELIQUE CAPALBO PRESIDENT 164475 0 0 0 0 0 0 0 15854 0 180329 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 100 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 A, LINE 1A AUDIT COMMITTEE WAS DELEGATED AUTHORITY TO ACT ON THE BEHALF OF THE ORGANIZATION'S GOVERNING BODY. 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 THE 990 IS REVIEWED INTERNALLY AND THEN PRESENTED TO THE AUDIT COMMITTEE FOR REVIEW AND APPROVAL PRIOR TO FILING. 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 LLC 2140 HOOVER AVENUE SUITE 115 NATIONAL CITY CA 91950 932619275 REAL ESTATE CA SPRINGBOARD CDFI 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 ST 115 NATIONAL CITY CA 91950 932884025 REAL ESTATE CA N/A 0 1 0.00100 SPRINGBOARD CDFI 2023-4 LP 2140 HOOVER AVE ST 115 NATIONAL CITY CA 91950 934091648 REAL ESTATE CA N/A 0 1 0.00100 SPRINGBOARD CDFI 2024-1 LP 2140 HOOVER AVE ST 115 NATIONAL CITY CA 91950 991804997 REAL ESTATE CA N/A 0 1 0.00100 SPRINGBOARD CDFI 2024-2 LP 2140 HOOVER AVE ST 115 NATIONAL CITY CA 91950 993470484 REAL ESTATE CA N/A 0 1 0.00100 SPRINGBOARD CDFI 2024-3 LP 2140 HOOVER AVE ST 115 NATIONAL CITY CA 91950 994477115 REAL ESTATE CA N/A 0 1 0.00100 SPRINGBOARD CDFI 2024-4 LP 2140 HOOVER AVE ST 115 NATIONAL CITY CA 91950 993668015 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