Nonprofit · EIN 68-0074324
GREATER SACRAMENTO CERTIFIED DEVELOPMENT CORPORATION
Also known as CAPITAL FUNDING
Tax-exempt · NORTH HIGHLANDS, CA 95660
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $1,440,918 | $1,357,560 | $83,358 | $1,876,439 | $289,455 | $1,586,984 |
| September 30, 2024 | 990 | $1,416,252 | $1,327,019 | $89,233 | $1,754,184 | $250,558 | $1,503,626 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,410,522
- Investment income
- $30,396
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $180,174
- Salaries, compensation and benefits (total)
- $1,124,151
- Professional fundraising fees
- $0
- Legal fees
- $1,950
- Accounting fees
- $24,277
- Occupancy
- $12,000
- Travel
- $11,417
- Depreciation
- $11,056
- Program services (functional)
- $1,196,216
- Management and general (functional)
- $161,344
Balance sheet and other
- Total assets, start of year
- $1,754,184
- Total assets, end of year
- $1,876,439
- Total liabilities, end of year
- $289,455
- Net assets, end of year
- $1,586,984
- Land, buildings and equipment
- $100,273
- Net assets without donor restrictions
- $1,569,839
- Net assets with donor restrictions
- $17,145
- Gross receipts
- $1,440,918
- Employees
- 9
- Year formed
- 1985
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RAYMOND SEBASTIAN | Exec.Dir./Sec'y Trustee or director, Officer | 40 | $180,174 | $18,017 |
| SARAH STILLMAN | DIRECTOR OF OPERAT | 40 | $141,482 | $14,148 |
| GLEN AOKI | PORTFOLIO MANAGER | 40 | $130,600 | $13,060 |
| PAUL PAHKIM | MARKETING MANAGER | 40 | $130,080 | $0 |
| ERIC GRABIN | President Trustee or director, Officer | 2 | $0 | $0 |
| JEFFREY CRYER | Director Trustee or director | 2 | $0 | $0 |
| MIKE LUKEN | Director Trustee or director | 2 | $0 | $0 |
| TIM REIMERS | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| KELLY FIFE MONTGOMERY | Vice President Trustee or director, Officer | 2 | $0 | $0 |
| HARMAN GOSAL | Director Trustee or director | 2 | $0 | $0 |
| PANDA MORGAN | Director Trustee or director | 2 | $0 | $0 |
| TERRY CECCHI | Director Trustee or director | 2 | $0 | $0 |
990 for the year ended September 30, 2024: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RAYMOND SEBASTIAN | Exec.Dir./Sec'y Trustee or director, Officer | 40 | $165,340 | $16,534 |
| SARAH STILLMAN | DIRECTOR OF OPERAT | 40 | $128,077 | $12,808 |
| PAUL PAHKIM | MARKETING MANAGER | 40 | $136,758 | $0 |
| GLEN AOKI | PORTFOLIO MANAGER | 40 | $121,179 | $12,118 |
| ERIC GRABIN | President Trustee or director, Officer | 2 | $0 | $0 |
| JOSEPH MCCLURE | Director Trustee or director | 2 | $0 | $0 |
| MIKE LUKEN | Director Trustee or director | 2 | $0 | $0 |
| TIM REIMERS | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| KELLY FIFE MONTGOMERY | Vice President Trustee or director, Officer | 2 | $0 | $0 |
| HARMAN GOSAL | Director Trustee or director | 2 | $0 | $0 |
| PANDA MORGAN | Director Trustee or director | 2 | $0 | $0 |
| TERRY CECCHI | Director Trustee or director | 0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 5428 WATT AVE, NORTH HIGHLANDS, CA 95660-4997
- Principal officer (990 for 2024)
- RAYMOND SEBASTIAN, 5428 WATT AVENUE 200, NORTH HIGHLANDS, CA 956604945
- Signed the 990
- TIM REIMERS, Treasurer
- Phone
- (916) 339-1096
- Website
- 504CDC.COM
- Return prepared by
- MMRS Accountancy Corporation
California records
California keeps its own records of charities and corporations. Search them by EIN 68-0074324 or by the name GREATER SACRAMENTO CERTIFIED DEVELOPMENT CORPORATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
THE CORPORATION IS ORGANIZED SPECIFICALLY FOR THE PURPOSE OF FOSTERING AND FURTHERING EMPLOYMENT, PROMOTING ECONOMIC DEVELOPMENT, AND PROMOTING AND ASSISTING IN THE GROWTH AND DEVELOPMENT OF BUSINESS CONCERNS THROUGHOUT THE STATE OF CALIFORNIA.
Program accomplishments
- THE CORPORATION (GSCDC) OPERATES AS A "CERTIFIED DEVELOPMENT CORPORATION" AUTHORIZED BY THE US SMALL BUSINESS ADMINISTRATION TO ADMINISTER THE SBA-504 PROGRAM. THE PROGRAM IS TO PROMOTE ECONOMIC DEVELOPMENT THROUGHOUT THE STATE OF CALIFORNIA, WITH ITS PRIMARY EMPHASIS ON ASSISTING SMALL BUSINESSES TO GROW AND CREATE JOBS. THE PROGRAM IS DESIGNED TO PROVIDE FINANCING TO SMALL BUSINESSES, WITH A HEAVY EMPHASIS ON BUSINESSES LOCATED IN DEPRESSED AND/OR RURAL COMMUNITIES AND/OR BUSINESSES OWNED BY WOMEN, MINORITIES, VETERANS, AND/OR INDIVIDUALS THAT ARE DISABLED.Expenses $1,196,216 · revenue $1,410,522
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 68-0074324
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1986
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20Z)
- Assets (IRS master file)
- $1,876,439
- Income (IRS master file)
- $1,440,918
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $1,440,918 | $1,357,560 | $1,876,439 | XML |
| 990 | September 2024 | $1,416,252 | $1,327,019 | $1,754,184 | XML |
| 990 | September 2023 | $1,249,340 | $1,146,401 | $1,665,494 | IRS |
| 990 | September 2022 | $1,191,050 | $1,095,832 | $1,558,703 | IRS |
| 990 | September 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 68-0074324).
Questions about GREATER SACRAMENTO CERTIFIED DEVELOPMENT CORPORATION
- What is the EIN of GREATER SACRAMENTO CERTIFIED DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of GREATER SACRAMENTO CERTIFIED DEVELOPMENT CORPORATION is 68-0074324.
- Is GREATER SACRAMENTO CERTIFIED DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1986.
- Are donations to GREATER SACRAMENTO CERTIFIED DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does GREATER SACRAMENTO CERTIFIED DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GREATER SACRAMENTO CERTIFIED DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GREATER SACRAMENTO CERTIFIED DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of GREATER SACRAMENTO CERTIFIED DEVELOPMENT CORPORATION?
- The 990 for the year ended September 30, 2025 names RAYMOND SEBASTIAN.
- Who are the officers and directors of GREATER SACRAMENTO CERTIFIED DEVELOPMENT CORPORATION?
- The 990 for the year ended September 30, 2025 lists 12 people; 4 received compensation from the organization, the highest $180,174 (RAYMOND SEBASTIAN, Exec.Dir./Sec'y).
- How much revenue does GREATER SACRAMENTO CERTIFIED DEVELOPMENT CORPORATION have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $1,440,918, expenses of $1,357,560 and total assets of $1,876,439 at year end.
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