2025-06-04T08:44:15-07:00 2024-09-30 871603957 Pinnacle Accounting & Financial Services 12150 Tributary Point Dr Ste 160 Gold River CA 956704531 990 2023-10-01 953457545 Bay Area Employment Development Company BAYA 9259261020 1855 Gateway Blvd Suite 720 Concord CA 94520 Michael Johnson President 2025-06-04 true true Hayley Geier P02489333 9162734808 X 2023 2025-03-06 01:10:19Z Michael Johnson 1855 Gateway Blvd Suite 720 Concord CA 94520 4535410 false X www.baydevco.com X 1978 CA Assist growing small businesses obtain low cost optimally structured financing for fixed asset expansions which helps them retain and create jobs and assist their communities with neighborhood commercial revitalization efforts. 7 7 17 0 0 5103848 4508343 789 18573 27230 8494 5131867 4535410 0 0 3057241 2659336 0 0 1382458 1300010 4439699 3959346 692168 576064 2359655 3697089 356444 1117814 2003211 2579275 Assist growing small businesses obtain low cost optimally structured financing for fixed asset expansions which helps them retain and create jobs and assist their communities with neighborhood commercial revitalization efforts. false false 3192985 4508343 Bay Area Employment Development Company BDC is licensed by the U.S. Small Business Administration, a federal agency, as a certified development company, for the purpose of making 504 loans to eligible small businesses. BDC uses 504 financing to assist growing small businesses obtain low cost financing for fixed asset expansions which helps them retain and create jobs and assist their communities with commercial revitalization efforts. Since its inception, BDC has provided 2,554 small businesses with over $1.8 billion of 504 financing and over $5 billion of funding overall. This has helped those companies create and retain approximately 28,000 jobs. Over 1/3 of the businesses funded are in low and moderate income areas and over 1/3 of their clients are women and minority owned businesses. 3192985 false false false false false false false false false true true false true true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false true 23 0 true 17 true false false false false false false false false X 7 7 false false false false false true false true true false false true true true true true true true false false CA X Scott Rodde 7074863950 1500 Third Street Suite C Napa CA 94558 Richard Grant CEO 40.00 0.00 395845 0 0 Mark Schwan Senior VP 40.00 0.00 261870 0 0 Kimberly Shinjo Loan Analyst 40.00 0.00 171000 0 0 Susan Dunlap Portfolio Manager 40.00 0.00 158500 0 0 Robert Thompson Senior VP 40.00 0.00 158290 0 0 James Baird Director 40.00 0.00 X 137500 0 0 Walter Menzel Vice President 1.00 0.00 X 4000 0 0 Torran Nixon Director 1.00 0.00 X 4000 0 0 Michael Johnson President 1.00 0.00 X 4000 0 0 Scott Hauge Director 1.00 0.00 X 4000 0 0 Bonnie Lipscomb Treasurer 1.00 0.00 X 4000 0 0 Olivia Rebanal Director 1.00 0.00 X 4000 0 0 Francine Boards Director 1.00 0.00 X 0 0 0 1307005 6 false true false Scott Rodde Inc 1500 Third Street Ste C Napa CA 94559 Legal Services 385200 1 0 Loan Interest 541900 858625 858625 Packaging and Closing 541900 856959 856959 Servicing Fees 541900 2792759 2792759 4508343 18573 18573 0 0 0 0 0 0 0 Other Income 900099 8494 8494 8494 4535410 4516837 18573 0 0 0 0 161500 161500 0 2063713 1968787 94926 61054 59270 1784 222458 213834 8624 150611 144637 5974 0 399074 385200 13874 58919 58919 0 0 0 172244 172244 12589 10536 2053 51661 51661 0 0 139435 139435 92491 26763 65728 0 0 0 0 0 42839 42839 Outside Services 205052 205052 Donations 40796 40796 Association Dues 25206 25206 Telephone 16703 16703 43001 33511 9490 3959346 3192985 766361 0 594281 705165 0 0 1259745 1398339 0 0 0 0 63386 48402 59808 48792 2317 11016 0 12949 241036 0 0 426977 1293131 2359655 3697089 299274 212919 57170 904895 356444 1117814 X 2003211 2579275 2003211 2579275 2359655 3697089 576064 X false true X true false 59808 48792 11016 11016 241036 Deposits 11500 Interest Receivable 423271 ROU Asset 858360 1293131 Packaging Deposits 4000 ROU Liability 900894 Rounding 1 904895 X 4535410 4535410 4535410 3959346 3959346 3959346 Part X : FIN48 Footnote The Company has been recognized by the Internal Revenue Service as a not-for-profit corporation as described in Section 501c4 of the Internal Revenue Code and is exempt from federal income taxes on related income pursuant to Section 501a of the Internal Revenue Code. The Company has analyzed its tax positions taken for filings with the Internal Revenue Service and all state jurisdictions where it operates. The Company believes that its income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on the Company's financial position, results of activities or cash flows. Accordingly, the Company has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at September 30, 2024. With few exceptions, the Company is no longer subject to U.S. federal, state and local income tax examinations by tax authorities for the years before 2018. The Company has no interest and penalties related to income tax. The Company would recognize to income tax related interest and penalties in interest expense and other expenses, respectively. The Company has not previously recognized any interest and penalties. X X X X false false false false false false false true false Kimberly Shinjo Loan Analyst 171000 171000 Mark Schwan Senior VP 150000 111870 261870 Richard Grant CEO 300000 95845 395845 Robert Thompson Senior VP 108000 50290 158290 Susan Dunlap Portfolio Manager 158500 158500 Part I, Line 7: Non-Fixed payments not listed above Loan Officers - Joseph Lampe, Robert Thompson, Mark Schwan, Isiah Alcantar, Rich Hildebrand and Richard Grant - receive commissions. Form 990, Part VI, Section B, Line 11b Management reconciles the Form 990 amounts to the audited financial report and other supporting documents provided to the public accounting firm. Next, management reviews the questionnaire sections of Form 990 to make sure that the answers are recorded correctly. Lastly, management presents Form 990 to the governing board for their review. Form 990, Part VI, Section B, Line 12c The Organization has a policy that requires directors and management to disclose any activity that would be considered a conflict of interest. The policy is written and administered by the Board. Directors and managers are required to disclose, as soon as possible, the existence of any actual or potential conflict of interest to the Board. Annually, directors and management certify that they are in compliance with the conflict of interest policy. Form 990, Part VI, Section B, Line 15a The Oversight Committee reviews the current company executive compensation structure and reports to the Board based on information and data provided from the dean group salary study and their knowledge of professional practices within the region to ensure that current company practices reflect good management and are reasonable and prudent. Form 990, Part VI, Section C, Line 19 No documents available to the public.