California Coastal Rural Development Corporation
California Coastal Rural Development Corporation
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About this organization
Mission
California Coastal Rural Development Corporation is dedicated to providing financing to small farmers and businesses throughout California. Our mission is to assist these enterprises to grow, thrive and prosper enabling the overall economic development of our underserved communities.
About
Loan Guarantee Program-Provides loan guarantees to encourage lenders to make loans to marginal credit businesses and farmers
Interesting data from their 2020 990 filing
The purpose of the non-profit is outlined in the filing as “California coastal rural development corporation is dedicated to providing financial assistance to small businesses for the purpose of creating employment and economic development. we provide farm loans and loan guarantees to businesses that have the ability to repay, but are unable to secure funds at a reasonable rate from commercial credit institutions.”.
When discussing its operations, they were defined as: “California coastal rural development corporation is dedicated to providing financing to small farmers and businesses throughout california. our mission is to assist these enterprises to grow, thrive and prosper enabling the overall economic development of our underserved communities.”.
- The state where the non-profit operates has been legally reported as CA.
- The filing indicates that the non-profit's address in 2020 is located at 221 MAIN STREET NO 301, SALINAS, CA, 93901.
- The non-profit has reported 18 employees on their form as of 2020.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $136,297.
- The organization has 12 independent voting members.
- The organization was formed in 1982.
- The organization pays $1,480,536 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
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