2026-04-07T18:06:18-05:00 2025-09-30 330482495 GYL LLP 4120 CONCOURS SUITE 100 ONTARIO CA 91764 990 2024-10-01 953560326 SOUTHLAND ECONOMIC DEVELOPMENT CORPORATION SOUT 7148680010 400 N TUSTIN AVE 460 SANTA ANA CA 92705 MATTHEW DAVIS PRESIDENT 7148680010 2026-04-07 1 1 JOSEPH ROMERO CPA P00441771 9099489990 X 2024 2025-03-06 01:10:19Z MATTHEW DAVIS 400 N TUSTIN AVE 460 SANTA ANA CA 92705 8645424 0 X WWW.SOUTHLANDEDC.COM X 1980 CA STIMULATE EMPLOYMENT, PRIVATE INVESTMENT AND EXPAND BUSINESS OPPORTUNITIES. 11 2 15 2 0 0 0 30000 3298304 3641415 199732 299092 0 0 3498036 3970507 0 0 0 0 2545823 2651056 0 0 0 653842 735306 3199665 3386362 298371 584145 8519163 8836624 822210 508070 7696953 8328554 TO BENEFIT THE COMMUNITIES SOUTHLAND SERVES BY STIMULATING EMPLOYMENT AND PRIVATE INVESTMENT, EXPANDING THE TAX BASE, AND INCREASING BUSINESS OPPORTUNITIES. 0 0 2392757 3633246 SOUTHLAND IS A "CERTIFIED DEVELOPMENT COMPANY AND OPERATES A U.S. SMALL BUSINESS ADMINISTRATION (SBA) LENDING PROGRAM. SOUTHLAND IS AUTHORIZED TO OFFER AND APPROVE LOANS THAT ARE FUNDED BY THE SBA'S 504 DEBENTURE LOAN PROGRAM. SOUTHLAND ACTIVELY SERVES THE SOUTHERN CALIFORNIA REGION. DURING THE YEAR ENDED SEPTEMBER 30, 2025, THE ORGANIZATION FUNDED 46 LOANS, AMOUNTING TO APPROXIMATELY $55,776,000. THE ORGANIZATION WAS SERVICING 577 LOANS WITH A TOTAL FACE VALUE OF $483,585,000 AND A TOTAL REMAINING BALANCE OF APPROXIMATELY $371,047,780 AT SEPTEMBER 30, 2025. 10224 5661 SOUTHLAND ADMINISTERS A REVOLVING LOAN FUND (RLF) THROUGH A GRANT FROM THE ECONOMIC DEVELOPMENT ADMINISTRATION OF THE U.S. DEPARTMENT OF COMMERCE. UNDER THE TERMS OF THE GRANT, THE ORGANIZATION WILL USE THE FUND PROCEEDS TO ASSIST PRIVATE, FOR-PROFIT BUSINESSES THAT ARE OTHERWISE UNABLE TO SECURE CONVENTIONAL FINANCING AND WHO WILL BE CREATING JOBS. 3551 2508 SOUTHLAND ADMINISTERS AN INTERMEDIARY RELENDING PROGRAM (IRP) FROM THE U.S. DEPARTMENT OF AGRICULTURE, WHICH PROVIDES LOW INTEREST LOANS TO QUALIFIED BUSINESSES IN RURAL COMMUNITIES TO IMPROVE ECONOMIC CONDITIONS AND TO CREATE JOBS. 2406532 1 1 0 0 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 7 0 1 15 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 2 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X BEATRIZ CASTANEDA 7148680010 400 N TUSTIN AVE STE 460 SANTA ANA CA 92705 SAM NANGIA DIRECTOR 0.10 X 150 0 0 KENNETH HERNANDEZ SECRETARY/ TREASURER 0.10 X X 0 0 0 MATTHEW DAVIS PRESIDENT 40.00 X X 349372 0 27086 GARY MARTINEZ CHAIRMAN 0.10 X X 150 0 0 ROSS BOURNE DIRECTOR 0.10 X 100 0 0 JEFF BOXX DIRECTOR 0.10 X 200 0 0 MICHELLE COBERLY DIRECTOR 0.10 X 200 0 0 ROBERT GARCIA DIRECTOR 0.10 X 150 0 0 WILSON JUI DIRECTOR 0.10 X 50 0 0 TIM MILLS DIRECTOR 0.10 X 0 0 0 IRIS PYUN DIRECTOR 0.10 X 50 0 0 ANTHONY SANCHEZ DIRECTOR 0.10 X 100 0 0 WILLIAM WANG DIRECTOR 0.10 X 150 0 0 MAYRA SOTO VP LOAN PRODUCTION 40.00 X 216646 0 9119 JOHN WELTON SR. VICE PRESIDENT 40.00 X 214449 0 20011 MARIA MATA VP ADMINISTRATION 40.00 X 143928 0 16659 JAVIER JIMENEZ PAST VICE PRESIDENT 40.00 X 109346 0 21038 MICHAEL NASR LOAN OFFICER 40.00 X 261274 0 8596 JAMES HOPKINS LOAN OFFICER 40.00 X 143224 0 16281 SERGIO AGUILAR LOAN OFFICER 40.00 X 169279 0 21289 PATRICK RICHEY UNDERWRITER 40.00 X 116591 0 21656 1725409 0 161735 9 0 1 0 0 30000 30000 SBA LENDING PROGRAM 522291 3633246 3633246 RLF PROGRAM INCOME 522291 5661 5661 IRP PROGRAM INCOME 522291 2508 2508 3641415 277009 277009 4697000 4673763 1154 23237 -1154 22083 22083 3970507 3641415 0 299092 1086022 792796 293226 1248386 900809 347577 169576 107520 62056 147072 98182 48890 95490 81332 14158 108389 72165 36224 34095 22700 11395 61662 41055 20607 71273 47454 23819 50494 34113 16381 1637 1090 547 4837 2508 2329 8499 5659 2840 29575 19857 9718 LOAN PROCESSING FEES 213975 142465 71510 TELEPHONE 24441 16273 8168 LOAN SERVICING FEES 11719 7803 3916 DUES & SUBSCRIPTIONS 9309 6198 3111 9911 6553 3358 3386362 2406532 979830 0 810831 559179 1451520 1109302 303654 259448 226696 131908 2133 9913 110154 76114 25220 34040 5408643 6496169 290466 236665 8519163 8836624 137839 141336 343643 340728 366734 822210 508070 X 7389685 8010912 307268 317642 7696953 8328554 8519163 8836624 584145 47456 0 X 0 1 X 1 0 X 365000 30000 395000 3169513 2758756 3500258 3289304 3641415 16359246 3169513 3123756 3500258 3289304 3671415 16754246 0 0 0 16754246 203341 80786 194554 272624 277009 1028314 203341 80786 194554 272624 277009 1028314 3372854 3204542 3694812 3561928 3948424 17782560 0.94220 0.94870 0.05780 0.05070 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2228 1461 767 107926 74653 33273 34040 OPERATING LEASE LIABILITIES 239349 BORROWER AND LENDER FEE DEPOSITS 127385 366734 X 4017963 47456 47456 3970507 0 3970507 3386362 0 3386362 0 3386362 PART X, LINE 2: GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PROVIDE ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ORGANIZATION IN ITS TAX RETURNS THAT MIGHT BE UNCERTAIN. MANAGEMENT HAS CONSIDERED ITS TAX POSITIONS AND BELIEVES THAT ALL OF THE POSITIONS TAKEN BY THE ORGANIZAION IN ITS FEDERAL AND STATE EXEMPT ORGANIZATION RETURNS ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. THE ORGANIZATION'S RETURNS ARE SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES, GENERALLY FOR FOUR YEARS AFTER THEY ARE FILED. 0 0 0 0 0 0 0 0 0 MATTHEW DAVIS PRESIDENT 349372 0 0 0 0 0 18123 0 8963 0 376458 0 0 0 MICHAEL NASR LOAN OFFICER 261274 0 0 0 0 0 7500 0 1096 0 269870 0 0 0 JOHN WELTON SR. VICE PRESIDENT 214449 0 0 0 0 0 5940 0 14071 0 234460 0 0 0 MAYRA SOTO VP LOAN PRODUCTION 216646 0 0 0 0 0 8100 0 1019 0 225765 0 0 0 SERGIO AGUILAR LOAN OFFICER 169279 0 0 0 0 0 5880 0 15409 0 190568 0 0 0 MARIA MATA VP ADMINISTRATION 143928 0 0 0 0 0 7800 0 8859 0 160587 0 0 0 JAMES HOPKINS LOAN OFFICER 143224 0 0 0 0 0 5520 0 10761 0 159505 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS REVIEWS THE FORM 990 AND COMMUNICATES WITH AUDITORS IN PREPARATION OF THE FINAL DRAFT. THE FINAL DRAFT IS PRESENTED TO THE BOARD OF DIRECTORS FOR APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C FOR EACH CONFLICT OF INTEREST DISCLOSED, THE BOARD OF DIRECTORS OR EXECUTIVE COMMITTEE WILL DETERMINE WHETHER THE ORGANIZATION SHOULD (A) TAKE NO ACTION, (B) INVITE DISCUSSION BY THE FULL BOARD OF WHAT ACTION TO TAKE, OR (C) REFRAIN FROM TAKING ACTION AND OTHERWISE AVOID THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S BOARD OF DIRECTORS APPROVES COMPENSATION OF OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. COPY OF FORM 990 IS AVAILABLE AT GUIDESTAR.ORG.