2026-03-11T13:30:59-05:00 2025-06-30 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2024-07-01 940276025 California Coastal Rural Development Cor CALI 8314241099 132 W Gabilan St Salinas CA 93901 LEE TAKIKAWA President 8314241099 2026-03-11 1 1 Kim Hunwardsen CPA P00484560 6122536500 2026-03-11 2024 2025-03-06 01:10:19Z Lee Takikawa 132 W Gabilan St Salinas CA 93901 4921147 0 X WWW.CALCOASTAL.ORG X 1982 CA Dedicated to providing financing to small farmers and businesses throughout CA. 11 10 12 24 -7577 0 3326405 768341 3443933 4097005 0 0 26087 -7577 6796425 4857769 0 0 0 0 1727213 1719592 0 0 0 1632826 1919904 3360039 3639496 3436386 1218273 20315819 21596032 7898703 7960643 12417116 13635389 X Our mission is to assist these enterprises to grow, thrive, and prosper enabling the overall economic development to our under served communities. 0 0 978469 1556862 Loan Guarantee Program - Provides loan guarantees to encourage lenders to make loans to marginal credit businesses and farmers. 1416206 2253353 Direct Loan Program - Make direct loans to small farm operators utilizing USA Farm Services Agency loan guarantees. 51498 81940 Intermediate Relending Program - Provides relending to small businesses that manufacture or provide services in small cities. 128746 204850 Small Business Assistance - Provides lending and technical assistance to small businesses through the U.S. Small Business Administration microlending program. NAD Bank Program makes direct loans to commercial enterprises located in areas impacted by the North American Free Trade Agreement utilizing U.S.D.A.'s Business and Industry Loan Guarantee program. 128746 204850 2574919 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 14 0 1 12 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 11 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X Lee Takikawa 8314241099 132 W Gabilan St Salinas CA 93901 Lee Takikawa President 40.00 X X 246753 0 30961 Roy Robbins Chairman & CFO 2.50 X X 6700 0 0 Danny Braga Member 2.50 X 3000 0 0 Ted CagatVice Chair Secretary/Treasurer 2.50 X X 3100 0 0 Louie Valenzuela Member 2.50 X 3100 0 0 Juan Batista Member 2.50 X 2100 0 0 Maeda Palius Member 2.50 X 1800 0 0 John Moskal Member 2.50 X 0 0 0 Clay Appleton Member 2.50 X 6700 0 0 Sebastian Guillen Member 2.50 X 800 0 0 Cindy Merzon Member 2.50 X 2300 0 0 Jeff Rawlings Member (Through 4/2025) 2.50 X 0 0 0 David Dickinson Chief Lender Officer 40.00 X 120272 0 31578 Fred Madison Controller 40.00 X 119070 0 41856 Erich Kortz SM Loan Officer 40.00 X 110220 0 25571 625915 0 129966 4 0 1 0 0 476000 292341 768341 Jurisdictional Income 522100 3677270 3677270 Loan Income 522100 419735 419735 4097005 55801 63378 -7577 -7577 -7577 4857769 4097005 -7577 0 336479 336479 1081240 965331 115909 57752 52833 4919 144461 115145 29316 99660 71008 28652 11800 11800 247350 171888 75462 23959 17071 6888 65190 46448 18742 188829 131716 57113 72670 72670 793353 561516 231837 17445 1737 15708 Loan Expense 329234 234579 94655 Taxes & Licenses 56221 40057 16164 Provision for loan loss 50000 35625 14375 Communication 46045 32807 13238 17808 12688 5120 3639496 2574919 1064577 0 5429073 7066341 79117 11749 12822015 12690233 63253 2399129 948162 1456618 1450967 68929 74534 460067 238955 20315819 21596032 356513 661670 200000 4000 6973465 7221155 368725 73818 7898703 7960643 X 11426550 12377052 990566 1258337 12417116 13635389 20315819 21596032 1218273 0 X 0 1 X 1 1 1 X 1486165 2849825 735100 3326405 768341 9165836 1486165 2849825 735100 3326405 768341 9165836 9165836 331426 331426 9497262 16911830 0.96510 0.96330 X Schedule A, Part II, Line 10, Explanation of Other Income: Employee Retention Credit - 2022 Amount: $ 331,426. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11800 11800 2626497 2638297 281915 70479 0 0 264294 273015 267601 281915 1086825 1630238 11800 11800 66074 68254 66900 70479 271707 407561 330756 330756 1151968 48935 1103033 107146 89968 17178 809259 809259 0 1450967 Operating Lease Liability 73818 73818 X 4921147 0 4921147 -63378 -63378 4857769 3702874 63378 63378 3639496 0 3639496 Part X, Line 2: Cal Coastal has adopted Financial Accounting Standards Board Accounting Standards Codification (FASB ASC) Topic 740 that clarifies the accounting for uncertainty in tax positions taken, or expected to be taken, on a tax return and provides that the tax effects from an uncertain tax position can be recognized in the financial statements only if, based on its merits, the position is more likely than not to be sustained on audit by the taxing authorities. Management believes that all tax positions taken to date are highly certain and, accordingly, no accounting adjustment has been made to the financial statements. Interest and penalties related to uncertain tax positions are recorded as part of income tax expense if such are incurred. Part XI, Line 4b - Other Adjustments: Rental Expenses Reported in Revenue for Tax Purposes -63,378. Part XII, Line 2d - Other Adjustments: Rental Expenses Reported in Revenue for Tax Purposes 63,378. X X X X 0 0 0 0 0 0 0 1 0 Lee Takikawa President 191753 0 55000 0 0 0 15050 0 16598 0 278401 0 0 0 Fred Madison Controller 103070 0 16000 0 0 0 7370 0 35103 0 161543 0 0 0 David Dickinson Chief Lender Officer 103272 0 17000 0 0 0 7370 0 24825 0 152467 0 0 0 Part I, Line 7 Discretionary bonuses are determined by the President and Board Chair. Form 990, Part VI, Section A, line 1a The board will appoint two or more directors, one of whom shall be the Chair of the Board and one of whom shall be the Vice Chair of the Board, with the remaining members appointed by the Chair. The Executive Committee shall have and may exercise all the authority of the Board in the management of the business and affairs of the Corporation between meeting of the board. Form 990, Part VI, Section B, line 11b The return will be reviewed by the audit or executive committee and will be given to the Board of Directors before filing the return. Form 990, Part VI, Section B, line 12c Board members and officers provide annual disclosures which are monitored by the Chair of the Board of Director's governance committee; if a conflict arises, the board member is asked to excuse himself/herself from all discussions and voting on the issue. Form 990, Part VI, Section B, line 15 The most recently available Community Development Financial Institution (CDFI) association survey was used for comparably sized CDFIs, all positions within Cal Coastal were compared in this survey. Form 990, Part VI, Section C, line 19 The organization makes its governing documents, conflict of interest policy, and financial statements available to the public at the business address during normal business hours. Form 990, Part X: Cal Coastal has an agreement with Monterey County to provide services on a pass-through basis for this jurisdiction. As Cal Coastal does not own the loans, they are not recorded on Cal Coastal's financial statements.