Nonprofit · EIN 95-3560326
SOUTHLAND ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · SANTA ANA, CA 92705
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $3,970,507 | $3,386,362 | $584,145 | $8,836,624 | $508,070 | $8,328,554 |
| September 30, 2024 | 990 | $3,498,036 | $3,199,665 | $298,371 | $8,519,163 | $822,210 | $7,696,953 |
| September 30, 2023 | 990 | $3,722,427 | $3,273,659 | $448,768 | $7,873,542 | $868,596 | $7,004,946 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $30,000
- Program service revenue
- $3,641,415
- Investment income
- $299,092
- Net gain from sales of assets
- $22,083
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,086,022
- Other salaries and wages
- $1,248,386
- Salaries, compensation and benefits (total)
- $2,651,056
- Professional fundraising fees
- $0
- Occupancy
- $71,273
- Travel
- $50,494
- Depreciation
- $8,499
- Program services (functional)
- $2,406,532
- Management and general (functional)
- $979,830
Balance sheet and other
- Total assets, start of year
- $8,519,163
- Total assets, end of year
- $8,836,624
- Total liabilities, end of year
- $508,070
- Net assets, end of year
- $8,328,554
- Land, buildings and equipment
- $34,040
- Publicly traded securities
- $6,496,169
- Net assets without donor restrictions
- $8,010,912
- Net assets with donor restrictions
- $317,642
- Gross receipts
- $8,645,424
- Employees
- 15
- Volunteers
- 2
- Year formed
- 1980
- 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 |
|---|---|---|---|---|
| MATTHEW DAVIS | PRESIDENT Trustee or director, Officer | 40 | $349,372 | $27,086 |
| MICHAEL NASR | LOAN OFFICER Highest-paid employee | 40 | $261,274 | $8,596 |
| JOHN WELTON | SR. VICE PRESIDENT Officer | 40 | $214,449 | $20,011 |
| MAYRA SOTO | VP LOAN PRODUCTION Officer | 40 | $216,646 | $9,119 |
| SERGIO AGUILAR | LOAN OFFICER Highest-paid employee | 40 | $169,279 | $21,289 |
| MARIA MATA | VP ADMINISTRATION Officer | 40 | $143,928 | $16,659 |
| JAMES HOPKINS | LOAN OFFICER Highest-paid employee | 40 | $143,224 | $16,281 |
| PATRICK RICHEY | UNDERWRITER Highest-paid employee | 40 | $116,591 | $21,656 |
| JAVIER JIMENEZ | PAST VICE PRESIDENT Officer | 40 | $109,346 | $21,038 |
| JEFF BOXX | DIRECTOR Trustee or director | 0.1 | $200 | $0 |
| MICHELLE COBERLY | DIRECTOR Trustee or director | 0.1 | $200 | $0 |
| SAM NANGIA | DIRECTOR Trustee or director | 0.1 | $150 | $0 |
| GARY MARTINEZ | CHAIRMAN Trustee or director, Officer | 0.1 | $150 | $0 |
| ROBERT GARCIA | DIRECTOR Trustee or director | 0.1 | $150 | $0 |
| WILLIAM WANG | DIRECTOR Trustee or director | 0.1 | $150 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROSS BOURNE | DIRECTOR Trustee or director | 0.1 | $100 |
| ANTHONY SANCHEZ | DIRECTOR Trustee or director | 0.1 | $100 |
| WILSON JUI | DIRECTOR Trustee or director | 0.1 | $50 |
| IRIS PYUN | DIRECTOR Trustee or director | 0.1 | $50 |
| KENNETH HERNANDEZ | SECRETARY/ TREASURER Trustee or director, Officer | 0.1 | $0 |
| TIM MILLS | DIRECTOR Trustee or director | 0.1 | $0 |
990 for the year ended September 30, 2024: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MATTHEW DAVIS | PRESIDENT Trustee or director, Officer | 40 | $327,598 | $25,266 |
| MICHAEL NASR | LOAN OFFICER Highest-paid employee | 40 | $310,212 | $21,588 |
| JOHN WELTON | VICE PRESIDENT Officer | 40 | $211,588 | $22,674 |
| MAYRA SOTO | VICE PRESIDENT Officer | 40 | $223,580 | $8,894 |
| SERGIO AGUILAR | LOAN OFFICER Highest-paid employee | 40 | $157,602 | $19,360 |
| MARIA MATA | VICE PRESIDENT Officer | 40 | $139,998 | $15,650 |
| JAMES HOPKINS | LOAN OFFICER Highest-paid employee | 40 | $136,714 | $14,199 |
| JAVIER JIMENEZ | VICE PRESIDENT Officer | 40 | $115,879 | $19,165 |
| PATRICK RICHEY | UNDERWRITER Officer | 40 | $103,334 | $19,709 |
| SAM NANGIA | DIRECTOR Trustee or director | 0.1 | $300 | $0 |
| GARY MARTINEZ | SECRETARY/ TREASURER Trustee or director, Officer | 0.1 | $300 | $0 |
| ROSS BOURNE | DIRECTOR Trustee or director | 0.1 | $300 | $0 |
| WILSON JUI | DIRECTOR Trustee or director | 0.1 | $300 | $0 |
| KENNETH HERNANDEZ | CHAIRMAN Trustee or director, Officer | 0.1 | $200 | $0 |
| JEFF BOXX | DIRECTOR Trustee or director | 0.1 | $200 | $0 |
| ROBERT GARCIA | DIRECTOR Trustee or director | 0.1 | $200 | $0 |
| ANTHONY SANCHEZ | DIRECTOR Trustee or director | 0.1 | $200 | $0 |
| WILLIAM WANG | DIRECTOR Trustee or director | 0.1 | $200 | $0 |
| MICHELLE COBERLY | DIRECTOR Trustee or director | 0.1 | $100 | $0 |
| TIM MILLS | DIRECTOR Trustee or director | 0.1 | $0 | $0 |
| IRIS PYUN | DIRECTOR Trustee or director | 0.1 | $0 | $0 |
| MELANIE SMITH | PAST DIRECTOR Trustee or director | 0.1 | $0 | $0 |
990 for the year ended September 30, 2023: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL NASR | LOAN OFFICER Highest-paid employee | 40 | $365,620 | $6,173 |
| MATTHEW DAVIS | PRESIDENT Trustee or director, Officer | 40 | $318,672 | $23,695 |
| MAYRA SOTO | VICE PRESIDENT Officer | 40 | $220,786 | $8,594 |
| JOHN WELTON | VICE PRESIDENT Officer | 40 | $201,177 | $21,441 |
| MARIA MATA | VICE PRESIDENT Officer | 40 | $132,502 | $15,496 |
| JAMES HOPKINS | LOAN OFFICER Highest-paid employee | 40 | $129,962 | $13,384 |
| JAVIER JIMENEZ | VICE PRESIDENT Officer | 40 | $123,845 | $17,943 |
| SERGIO AGUILAR | LOAN OFFICER Highest-paid employee | 40 | $115,321 | $15,883 |
| SAM NANGIA | CHAIRMAN Trustee or director, Officer | 0.1 | $100 | $0 |
| KENNETH HERNANDEZ | FIRST VICE CHAIRMAN Trustee or director, Officer | 0.1 | $100 | $0 |
| GARY MARTINEZ | SECRETARY/ TREASURER Trustee or director, Officer | 0.1 | $100 | $0 |
| ROBERT GARCIA | DIRECTOR Trustee or director | 0.1 | $100 | $0 |
| WILSON JUI | DIRECTOR Trustee or director | 0.1 | $100 | $0 |
| ROSS BOURNE | DIRECTOR Trustee or director | 0.1 | $50 | $0 |
| JEFF BOXX | DIRECTOR Trustee or director | 0.1 | $50 | $0 |
| ANTHONY SANCHEZ | DIRECTOR Trustee or director | 0.1 | $50 | $0 |
| MICHELLE COBERLY | DIRECTOR Trustee or director | 0.1 | $0 | $0 |
| TIM MILLS | DIRECTOR Trustee or director | 0.1 | $0 | $0 |
| MELANIE SMITH | DIRECTOR Trustee or director | 0.1 | $0 | $0 |
| WILLIAM WANG | DIRECTOR Trustee or director | 0.1 | $0 | $0 |
| OMAR FRANCO | PAST DIRECTOR Trustee or director | 0.1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 400 N TUSTIN AVE STE 460, SANTA ANA, CA 92705-3845
- Principal officer (990 for 2024)
- MATTHEW DAVIS, 400 N TUSTIN AVE 460, SANTA ANA, CA 92705
- Signed the 990
- MATTHEW DAVIS, PRESIDENT
- Phone
- (714) 868-0010
- Website
- WWW.SOUTHLANDEDC.COM
- Return prepared by
- GYL LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 95-3560326 or by the name SOUTHLAND ECONOMIC 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
TO BENEFIT THE COMMUNITIES SOUTHLAND SERVES BY STIMULATING EMPLOYMENT AND PRIVATE INVESTMENT, EXPANDING THE TAX BASE, AND INCREASING BUSINESS OPPORTUNITIES.
Program accomplishments
- 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.Expenses $2,392,757 · revenue $3,633,246
- 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.Expenses $10,224 · revenue $5,661
- 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.Expenses $3,551 · revenue $2,508
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
- 95-3560326
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Suspense
- Donations deductible (Pub 78)
- Charity of unknown status, 50% limit
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $8,836,624
- Income (IRS master file)
- $8,645,424
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $3,970,507 | $3,386,362 | $8,836,624 | XML |
| 990 | September 2024 | $3,498,036 | $3,199,665 | $8,519,163 | XML |
| 990 | September 2023 | $3,722,427 | $3,273,659 | $7,873,542 | XML |
| 990 | September 2022 | $3,204,542 | $3,252,939 | $7,037,423 | IRS |
| 990 | September 2021 | – | – | – | 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 95-3560326).
Questions about SOUTHLAND ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of SOUTHLAND ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of SOUTHLAND ECONOMIC DEVELOPMENT CORPORATION is 95-3560326.
- Is SOUTHLAND ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3).
- Are donations to SOUTHLAND ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Charity of unknown status, 50% limit).
- Which annual return does SOUTHLAND ECONOMIC 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 SOUTHLAND ECONOMIC 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 SOUTHLAND ECONOMIC 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 SOUTHLAND ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended September 30, 2025 names MATTHEW DAVIS.
- Who are the officers and directors of SOUTHLAND ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended September 30, 2025 lists 21 people; 19 received compensation from the organization, the highest $349,372 (MATTHEW DAVIS, PRESIDENT).
- How much revenue does SOUTHLAND ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $3,970,507, expenses of $3,386,362 and total assets of $8,836,624 at year end.
Other nonprofits in SANTA ANA
- REGIONAL CENTER OF ORANGE COUNTY EIN 95-3119548 · last filed 990 for 2025
- T H I N K EDUCATION EIN 33-0781751 · last filed 990 for 2025
- GOODWILL INDUSTRIES OF ORANGE COUNTY CA EIN 95-1644018 · last filed 990 for 2024
- OLIVE CREST EIN 95-2877102 · last filed 990 for 2025
- AOCDS MEDICAL BENEFITS TRUST EIN 33-6097080 · last filed 990 for 2025
- MERCY HOUSE LIVING CENTERS EIN 33-0315864 · last filed 990 for 2025
- ILLUMINATION HEALTH HOME EIN 71-1047686 · last filed 990 for 2025
- ORANGE COUNTY HEAD START EIN 95-3411088 · last filed 990 for 2025