Nonprofit · EIN 95-4313041
BUSINESS FINANCE CAPITAL
Also known as BUSINESS FINANCE CENTER
Tax-exempt · LOS ANGELES, CA 90071
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $14,418,071 | $11,945,982 | $2,472,089 | $15,584,666 | $2,029,040 | $13,555,626 |
| June 30, 2024 | 990 | $13,161,017 | $10,583,662 | $2,577,355 | $12,485,356 | $1,470,880 | $11,014,476 |
| June 30, 2023 | 990 | $11,143,694 | $9,084,258 | $2,059,436 | $9,446,622 | $1,114,480 | $8,332,142 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $13,176,895
- Investment income
- $1,237,729
- Net gain from sales of assets
- $72,691
- Other revenue
- $3,447
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,562,001
- Other salaries and wages
- $4,596,397
- Salaries, compensation and benefits (total)
- $6,907,171
- Professional fundraising fees
- $0
- Legal fees
- $51,109
- Accounting fees
- $225,300
- Travel
- $676,455
- Depreciation
- $6,592
- Program services (functional)
- $10,068,289
- Management and general (functional)
- $1,877,693
Balance sheet and other
- Total assets, start of year
- $12,485,356
- Total assets, end of year
- $15,584,666
- Total liabilities, end of year
- $2,029,040
- Net assets, end of year
- $13,555,626
- Land, buildings and equipment
- $22,558
- Net assets without donor restrictions
- $13,555,626
- Gross receipts
- $15,090,068
- Employees
- 33
- Volunteers
- 8
- Year formed
- 1992
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JACKY DILFER | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $877,328 | $178,808 |
| CARLY WHITNEY | BUSINESS DEVELOPMENT OFFICER Highest-paid employee | 40 | $634,665 | $44,864 |
| THERESE C HOGAN | CHIEF ADMINISTRATIVE OFFICER Key employee | 40 | $422,022 | $25,347 |
| LISA MATTA | BUSINESS DEVELOPMENT OFFICER Highest-paid employee | 40 | $322,979 | $37,913 |
| JOSEPH LAMPE | BUSINESS DEVELOPMENT OFFICER Highest-paid employee | 40 | $260,843 | $36,758 |
| LEE KLEINMAN | BUSINESS DEVELOPMENT OFFICER Highest-paid employee | 40 | $262,227 | $29,902 |
| YE JIANG | LOAN CLOSING MANAGER Highest-paid employee | 40 | $266,064 | $20,417 |
| RAYMOND K SAKAIDA | EXECUTIVE VP Officer | 40 | $100,740 | $0 |
| SHERRY F MARTIN | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| LARRY SCHERZER | CFO (UNTIL 01/2025) Trustee or director, Officer | 2 | $0 | $0 |
| JACK R CLINE JR | SECRETARY/TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| WALTER ECKHARD | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| ALAN THIAN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| THOMAS WALSMITH | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| IRENE LI WILLIAMS | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HOONIE KANG | BOARD MEMBER Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JACKY DILFER | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $1,029,021 | $53,072 |
| CARLY WHITNEY | BUSINESS DEVELOPMENT OFFICER Highest-paid employee | 40 | $660,017 | $25,847 |
| THERESE C HOGAN | VICE PRESIDENT Highest-paid employee | 40 | $338,324 | $20,686 |
| LISA MATTA | BUSINESS DEVELOPMENT OFFICER Highest-paid employee | 40 | $302,796 | $35,021 |
| LEE KLEINMAN | BUSINESS DEVELOPMENT OFFICER Highest-paid employee | 40 | $306,781 | $25,849 |
| STEPHANIE JEKARL | BUSINESS DEVELOPMENT OFFICER Highest-paid employee | 40 | $247,614 | $18,879 |
| RAYMOND K SAKAIDA | EXECUTIVE VP Officer | 40 | $75,613 | $0 |
| SHERRY F MARTIN | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| LARRY SCHERZER | CFO Trustee or director, Officer | 2 | $0 | $0 |
| JACK R CLINE JR | SECRETARY/TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| ALAN THIAN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| THOMAS WALSMITH | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| IRENE LI WILLIAMS | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| HOONIE KANG | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| IRIS ALVARADO | BOARD MEMBER (UNTIL 02/2024) Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JACKY DILFER | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $1,000,000 | $48,100 |
| CARLY WHITNEY | BUSINESS DEVELOPMENT OFFICER Highest-paid employee | 40 | $897,193 | $15,289 |
| THERESE C HOGAN | VICE PRESIDENT Highest-paid employee | 40 | $355,341 | $19,127 |
| LEE KLEINMAN | BUSINESS DEVELOPMENT OFFICER Highest-paid employee | 40 | $343,230 | $22,672 |
| LISA MATTA | BUSINESS DEVELOPMENT OFFICER Highest-paid employee | 40 | $306,404 | $20,774 |
| YE JIANG | LOAN CLOSING MANAGER Highest-paid employee | 40 | $195,000 | $16,978 |
| RAYMOND K SAKAIDA | EXECUTIVE VP Officer | 40 | $96,951 | $0 |
| SHERRY F MARTIN | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| LARRY SCHERZER | CFO Trustee or director, Officer | 2 | $0 | $0 |
| JACK R CLINE JR | SECRETARY/TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| IRIS ALVARADO | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| ALAN THIAN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| THOMAS WALSMITH | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| IRENE LI WILLIAMS | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| HOONIE KANG | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 515 S FIGUEROA ST STE 1750, LOS ANGELES, CA 90071-3302
- Principal officer (990 for 2024)
- JACKY DILFER, 515 S FIGUEROA ST 1750, LOS ANGELES, CA 90071
- Signed the 990
- JACKY DILFER, EXECUTIVE DIRECTOR
- Phone
- (213) 999-1481
- Website
- WWW.BFCFUNDING.COM
- Return prepared by
- WINDES INC
California records
California keeps its own records of charities and corporations. Search them by EIN 95-4313041 or by the name BUSINESS FINANCE CAPITAL.
- 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 PROMOTE JOB CREATION AND RETENTION.
Program accomplishments
- PROVIDED LOANS AND SERVICING OF LOANS TO SMALL BUSINESSES THROUGH THE SMALL BUSINESS ADMINISTRATION LOAN PROGRAM. THE ORGANIZATION IS A CERTFIED DEVELOPMENT COMPANY. THE PROGRAM ACTIVITIES DEVELOP AND SUSTAIN THE ECONOMY AND PROMOTE SMALL BUSINESS GROWTH, WHILE RETAINING AND CREATING JOBS FOR COMMUNITIES.Expenses $10,068,289 · revenue $13,176,895
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 95-4313041
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible (Pub 78)
- Organization other than a public charity or private foundation
- Exempt since
- 1992
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $15,584,666
- Income (IRS master file)
- $15,090,068
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $14,418,071 | $11,945,982 | $15,584,666 | IRS |
| 990 | June 2024 | $13,161,017 | $10,583,662 | $12,485,356 | IRS |
| 990 | June 2023 | $11,143,694 | $9,084,258 | $9,446,622 | XML |
| 990 | June 2022 | $11,735,552 | $9,438,385 | $7,749,774 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 95-4313041).
Questions about BUSINESS FINANCE CAPITAL
- What is the EIN of BUSINESS FINANCE CAPITAL?
- The employer identification number (EIN) of BUSINESS FINANCE CAPITAL is 95-4313041.
- Is BUSINESS FINANCE CAPITAL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1992.
- Are donations to BUSINESS FINANCE CAPITAL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Organization other than a public charity or private foundation).
- Which annual return does BUSINESS FINANCE CAPITAL 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 BUSINESS FINANCE CAPITAL due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BUSINESS FINANCE CAPITAL last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of BUSINESS FINANCE CAPITAL?
- The 990 for the year ended June 30, 2025 names JACKY DILFER.
- Who are the officers and directors of BUSINESS FINANCE CAPITAL?
- The 990 for the year ended June 30, 2025 lists 16 people; 8 received compensation from the organization, the highest $877,328 (JACKY DILFER, EXECUTIVE DIRECTOR).
- How much revenue does BUSINESS FINANCE CAPITAL have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $14,418,071, expenses of $11,945,982 and total assets of $15,584,666 at year end.
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