Nonprofit · EIN 95-3512045
CDC SMALL BUSINESS FINANCE CORP
Tax-exempt · SAN DIEGO, CA 92106
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $41,499,674 | $37,521,827 | $3,977,847 | $178,901,539 | $107,955,630 | $70,945,909 |
| December 31, 2024 | 990 | $30,966,467 | $29,265,580 | $1,700,887 | $133,382,730 | $66,414,668 | $66,968,062 |
| December 31, 2023 | 990 | $27,607,207 | $26,543,703 | $1,063,504 | $118,524,945 | $53,257,770 | $65,267,175 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,189,102
- Program service revenue
- $12,720,584
- Investment income
- $22,954,850
- Net rental income
- $212,355
- Net gain from sales of assets
- $14,422,098
- Other revenue
- $4,635,138
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $337,840
- Other salaries and wages
- $16,499,831
- Salaries, compensation and benefits (total)
- $21,779,045
- Professional fundraising fees
- $0
- Legal fees
- $455,007
- Accounting fees
- $515,564
- Occupancy
- $110,361
- Travel
- $125,328
- Depreciation
- $288,071
- Program services (functional)
- $21,878,161
- Management and general (functional)
- $15,643,666
Balance sheet and other
- Total assets, start of year
- $133,382,730
- Total assets, end of year
- $178,901,539
- Total liabilities, end of year
- $107,955,630
- Net assets, end of year
- $70,945,909
- Land, buildings and equipment
- $6,961,927
- Net assets without donor restrictions
- $64,918,007
- Net assets with donor restrictions
- $6,027,902
- Gross unrelated business income
- $74,391
- Gross receipts
- $74,901,399
- Employees
- 172
- Volunteers
- 0
- Year formed
- 1978
- 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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ELLIS CARR | PRESIDENT & CEO Trustee or director, Officer | 20 | $0 | $1,192,484 | $35,000 |
| NATALIE GUNN | CHIEF FINANCIAL OFFICER Officer | 20 | $0 | $481,202 | $71,793 |
| KENNETH ROSENTHAL | SR. ADV FOR LENDING EDU & TRAINING Highest-paid employee | 40 | $479,059 | $0 | $43,816 |
| BRIAN MCEVOY | GENERAL COUNSEL Officer | 20 | $0 | $422,879 | $62,500 |
| MATTHEW WEHLAND | CHIEF OPERATING OFFICER Officer | 20 | $0 | $393,320 | $41,160 |
| JARET DINARD INGS | SENIOR DIRECTOR OF FINANCE Officer | 20 | $0 | $350,910 | $61,475 |
| KIM DORSETT | CHIEF HUMAN RESOURCE OFFICER Officer | 20 | $0 | $351,090 | $46,740 |
| ANTHONY BARENGO | HEAD OF COMMERCIAL REAL ES Key employee | 40 | $296,740 | $0 | $41,100 |
| KIMBERLY MANUEL-DICKENS | CHIEF STRATEGY AND GROWTH OFFICER Officer | 20 | $0 | $287,729 | $33,172 |
| ERIN HEBERT | HEAD OF OPERATIONS Highest-paid employee | 40 | $266,858 | $0 | $50,583 |
| SHELLI HAYMAN | SR. VP, SMALL BUSINESS LENDING Highest-paid employee | 40 | $246,702 | $0 | $43,955 |
| STACEY SANCHEZ | EXTERNAL SR LOAN OFFICER- TEAM LEAD Highest-paid employee | 40 | $233,612 | $0 | $43,816 |
| ANDREW MORT | VP, SBA 504 & CRE SALES MGR Highest-paid employee | 40 | $236,760 | $0 | $29,012 |
| GARY CUNNINGHAM | DIRECTOR Trustee or director | 1 | $0 | $7,500 | $0 |
| ERIK CALDWELL | DIRECTOR Trustee or director | 1 | $0 | $5,000 | $0 |
14 more people on this return
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| JENNIFER SMITH DOLIN | DIRECTOR Trustee or director | 1 | $0 | $5,000 |
| CASEY FANNON | DIRECTOR Trustee or director | 1 | $0 | $5,000 |
| PEDRO GOITIA | DIRECTOR Trustee or director | 1 | $0 | $5,000 |
| GAIL MARKULIN | DIRECTOR Trustee or director | 1 | $0 | $5,000 |
| TYLER ORION | DIRECTOR Trustee or director | 1 | $0 | $5,000 |
| TOM TOPUZES | DIRECTOR Trustee or director | 1 | $0 | $5,000 |
| DAN VARNER | DIRECTOR Trustee or director | 1 | $0 | $5,000 |
| OSWALDO ACOSTA | DIRECTOR Trustee or director | 1 | $0 | $3,750 |
| RICK BENITO | DIRECTOR Trustee or director | 1 | $0 | $3,750 |
| KURT CHILCOTT | DIRECTOR/CONSULTANT Trustee or director | 1 | $0 | $3,750 |
| FRANK ROBINSON | DIRECTOR Trustee or director | 1 | $0 | $2,500 |
| ALAINA BEVERLY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHERYL CAMERON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GRACE CHIONUMA | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 30 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ELLIS CARR | PRESIDENT & CEO Trustee or director, Officer | 20 | $0 | $1,029,249 | $35,104 |
| NATALIE GUNN | CHIEF FINANCIAL OFFICER Officer | 20 | $0 | $451,758 | $67,112 |
| KARLA GILL | CHIEF TECHNOLOGY OFFICER Officer | 20 | $0 | $406,811 | $39,033 |
| BRIAN MCEVOY | GENERAL COUNSEL Officer | 20 | $0 | $379,015 | $58,530 |
| KENNETH ROSENTHAL | SR ADVISOR FOR LENDING-ED & TRAINING Highest-paid employee | 40 | $395,100 | $0 | $42,333 |
| MATTHEW WEHLAND | CHIEF OPERATING OFFICER Officer | 20 | $0 | $352,981 | $38,662 |
| JARET DINARD INGS | SENIOR DIRECTOR OF FINANCE Officer | 20 | $0 | $321,499 | $56,010 |
| KIM DORSETT | CHIEF HUMAN RESOURCE OFFIC Officer | 20 | $0 | $310,043 | $42,798 |
| THOMAS BRUNE | PRESIDENT VENTURES LENDING Key employee | 40 | $290,494 | $0 | $49,025 |
| ANDREW ERICKSON | VICE PRESIDENT, SENIOR COM Highest-paid employee | 40 | $279,875 | $0 | $57,934 |
| ANTHONY BARENGO | HEAD OF COMMERCIAL REAL ESTATE Key employee | 40 | $252,485 | $0 | $37,779 |
| ERIN HEBERT | HEAD OF OPERATIONS Highest-paid employee | 40 | $237,738 | $0 | $48,857 |
| RANDY SHOOPMAN | VP OF SOFTWARE DEVELOPMENT Highest-paid employee | 40 | $247,176 | $0 | $33,612 |
| ANDREW MORT | CRE SALES MANAGER Highest-paid employee | 40 | $227,578 | $0 | $20,245 |
| KURT CHILCOTT | DIRECTOR/CONSULTANT Trustee or director | 7 | $0 | $211,250 | $0 |
| GARY CUNNINGHAM | DIRECTOR Trustee or director | 1 | $0 | $5,625 | $0 |
| OSWALDO ACOSTA | DIRECTOR Trustee or director | 1 | $0 | $5,000 | $0 |
| ALAINA BEVERLY | DIRECTOR Trustee or director | 1 | $0 | $5,000 | $0 |
| JENNIFER SMITH DOLIN | DIRECTOR Trustee or director | 1 | $0 | $5,000 | $0 |
| CASEY FANNON | DIRECTOR Trustee or director | 1 | $0 | $5,000 | $0 |
| PEDRO GOITIA | DIRECTOR Trustee or director | 1 | $0 | $5,000 | $0 |
| TYLOR ORION | DIRECTOR Trustee or director | 1 | $0 | $5,000 | $0 |
| FRANK ROBINSON | DIRECTOR Trustee or director | 1 | $0 | $5,000 | $0 |
| TOM TOPUZES | DIRECTOR Trustee or director | 1 | $0 | $5,000 | $0 |
| DAN VARNER | DIRECTOR Trustee or director | 1 | $0 | $5,000 | $0 |
| RICK BENIITO | DIRECTOR Trustee or director | 1 | $0 | $3,750 | $0 |
| ERIK CALDWELL | DIRECTOR Trustee or director | 1 | $0 | $3,750 | $0 |
| GAIL MURKLIN | DIRECTOR Trustee or director | 1 | $0 | $3,750 | $0 |
| SHERYL CAMERON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| GRACE CHIONUMA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 33 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ELLIS CARR | PRESIDENT & CEO Trustee or director, Officer | 20 | $0 | $862,564 | $39,208 |
| RAYMOND GUTHRIE | CHIEF INVESTMENT OFFICER Officer | 20 | $0 | $429,245 | $69,917 |
| NATALIE GUNN | CHIEF FINANCIAL OFFICER Officer | 20 | $0 | $440,449 | $43,398 |
| ANDREW ERICKSON | VICE PRESIDENT, SENIOR COM Highest-paid employee | 40 | $392,024 | $0 | $60,128 |
| BRIAN MCEVOY | GENERAL COUNSEL Officer | 20 | $0 | $360,194 | $82,038 |
| MATTHEW WEHLAND | CHIEF OPERATING OFFICER Officer | 20 | $0 | $349,095 | $45,520 |
| JARET DINARD INGS | SENIOR DIRECTOR OF FINANCE Officer | 20 | $0 | $319,757 | $73,173 |
| KARLA GILL | CHIEF TECHNOLOGY OFFICER Officer | 20 | $0 | $334,830 | $37,949 |
| KIM DORSETT | CHIEF HUMAN RESOURCE OFFICER Officer | 20 | $0 | $308,457 | $56,354 |
| THOMAS BRUNE | PRESIDENT VENTURES LENDING TECH Key employee | 40 | $302,684 | $0 | $46,339 |
| MARK HOGAN | VICE PRESIDENT, SENIOR COM Highest-paid employee | 40 | $312,697 | $0 | $29,850 |
| ERIN HEBERT | HEAD OF OPERATIONS Highest-paid employee | 40 | $251,832 | $0 | $43,459 |
| ANTHONY BARENGO | SVP OF CREDIT Key employee | 40 | $253,607 | $0 | $33,814 |
| ROBERT VILLARREAL | CHIEF EXTERNAL AFFAIRS OFFICER Officer | 40 | $256,125 | $0 | $28,594 |
| RANDY SHOOPMAN | VP OF SOFTWARE DEVELOPMENT VENTURES Highest-paid employee | 40 | $250,319 | $0 | $31,661 |
| JULIE MIDDLETON | VICE PRESIDENT SALES AND SUPPORT Highest-paid employee | 40 | $230,597 | $0 | $36,675 |
| KURT CHILCOTT | DIRECTOR/CONSULTANT Trustee or director | 7 | $0 | $163,250 | $0 |
| GARY CUNNINGHAM | DIRECTOR Trustee or director | 1 | $0 | $6,250 | $0 |
| JENNIFER SMITH DOLIN | DIRECTOR Trustee or director | 1 | $0 | $6,250 | $0 |
| ALAINA BEVERLY | DIRECTOR Trustee or director | 1 | $0 | $5,000 | $0 |
| GAIL MARKULIN | DIRECTOR Trustee or director | 1 | $0 | $5,000 | $0 |
| PEDRO GOITIA | DIRECTOR Trustee or director | 1 | $0 | $5,000 | $0 |
| DAN VARNER | DIRECTOR Trustee or director | 1 | $0 | $5,000 | $0 |
| ERIK CALDWELL | DIRECTOR Trustee or director | 1 | $0 | $5,000 | $0 |
| FRANK ROBINSON | DIRECTOR Trustee or director | 1 | $0 | $5,000 | $0 |
| TOM TOPUZES | DIRECTOR Trustee or director | 1 | $0 | $5,000 | $0 |
| LAUREN TYLOR ORION | DIRECTOR Trustee or director | 1 | $0 | $5,000 | $0 |
| OSWALDO ACOSTA | DIRECTOR Trustee or director | 1 | $0 | $5,000 | $0 |
| RICK BENITO | DIRECTOR Trustee or director | 1 | $0 | $5,000 | $0 |
| CASEY FANNON | DIRECTOR Trustee or director | 1 | $0 | $5,000 | $0 |
| L RAY MONCRIEF | DIRECTOR Trustee or director | 1 | $0 | $2,500 | $0 |
| GRACE CHIONUMA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SHERYL CAMERON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2448 HISTORIC DECATUR RD STE 200, SAN DIEGO, CA 92106-6116
- In care of
- % DENISE GUTIERREZ
- Principal officer (990 for 2025)
- JARET INGS, 2448 HISTORIC DECATUR ROAD 200, SAN DIEGO, CA 92106
- Signed the 990
- JARET INGS, INTERIM CFO
- Phone
- (703) 647-2300
- Website
- WWW.CDCLOANS.COM
- Return prepared by
- COUNCILOR BUCHANAN & MITCHELL PC
California records
California keeps its own records of charities and corporations. Search them by EIN 95-3512045 or by the name CDC SMALL BUSINESS FINANCE CORP.
- 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
SEE SCHEDULE O
Program accomplishments
- COMMUNITY LOAN PROGRAMS: CDC ORIGINATES, SERVICES, AND SELLS LOANS GUARANTEED BY THE SBA UNDER ITS COMMUNITY ADVANTAGE 7A PROGRAM. THESE LOANS ARE USED BY THE BORROWERS FOR A VARIETY OF PURPOSES AND ARE CAPPED AT $350,000 PER LOAN. CDC ALSO ADMINISTERS SEVERAL LENDING PROGRAMS INCLUDING THE SBA MICROLOAN PROGRAM, A STATE SPONSORED COMMUNITY ADJUSTMENT AND INVESTMENT LOAN PROGRAM, LA DIRECT AND FAST TO FUND, CALIFORNIA REBUILDING FUND, ACTIVATE DETROIT, AND MOTOR CITY CONTRACTORS FUND, ALL OF WHICH ARE DESIGNED TO PROVIDE LOANS TO SMALL BUSINESSES.Expenses $14,226,494 · revenue $10,185,742
- SBA SECTION 504 LOAN PROGRAM: CDC'S PRIMARY SOURCE OF REVENUE IS THE SERVICING AND PROCESSING OF THE SMALL BUSINESS ADMINISTRATION'S ("SBA") 504 LOAN PROGRAMS. THE 504 LOAN PROGRAM PROVIDES LONG-TERM, FIXED RATE FINANCING FOR MAJOR FIXED ASSETS THAT PROMOTE BUSINESS GROWTH AND JOB CREATION.Expenses $7,651,667 · revenue $11,345,053
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 95-3512045
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $178,901,539
- Income (IRS master file)
- $74,901,399
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $41,499,674 | $37,521,827 | $178,901,539 | XML |
| 990-T | December 2025 | – | – | – | IRS |
| 990 | December 2024 | $30,966,467 | $29,265,580 | $133,382,730 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $27,607,207 | $26,543,703 | $118,524,945 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $26,865,626 | $28,209,180 | $92,661,741 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | 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 95-3512045).
Questions about CDC SMALL BUSINESS FINANCE CORP
- What is the EIN of CDC SMALL BUSINESS FINANCE CORP?
- The employer identification number (EIN) of CDC SMALL BUSINESS FINANCE CORP is 95-3512045.
- Is CDC SMALL BUSINESS FINANCE CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to CDC SMALL BUSINESS FINANCE CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CDC SMALL BUSINESS FINANCE CORP 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 CDC SMALL BUSINESS FINANCE CORP due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CDC SMALL BUSINESS FINANCE CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of CDC SMALL BUSINESS FINANCE CORP?
- The 990 for the year ended December 31, 2025 names JARET INGS.
- Who are the officers and directors of CDC SMALL BUSINESS FINANCE CORP?
- The 990 for the year ended December 31, 2025 lists 29 people; 6 received compensation from the organization.
- How much revenue does CDC SMALL BUSINESS FINANCE CORP have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $41,499,674, expenses of $37,521,827 and total assets of $178,901,539 at year end.
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