2026-07-22T09:04:32-07:00 2025-09-30 871603957 Pinnacle Accounting & Financial Services 12150 Tributary Point Dr Ste 160 Gold River CA 956704531 990 2024-10-01 953457545 Bay Area Employment Development Company BAYA 9259261020 1855 Gateway Blvd Suite 720 Concord CA 94520 Michael Johnson President 2026-07-22 true true Hayley Geier P02489333 9162734808 X 2024 2025-03-06 01:10:19Z Michael Johnson 1855 Gateway Blvd Suite 720 Concord CA 94520 4965067 false X www.baydevco.com X 1978 CA Assist growing small businesses obtain low cost optimally structured financing for fixed asset expansions which helps them retain and create jobs and assist their communities with neighborhood commercial revitalization efforts. 7 7 19 0 0 4508343 4912988 18573 49726 8494 2353 4535410 4965067 36000 0 2659336 3387759 0 0 1338769 1306814 3998105 4730573 537305 234494 3697089 4015435 1156573 1201666 2540516 2813769 Assist growing small businesses obtain low cost optimally structured financing for fixed asset expansions which helps them retain and create jobs and assist their communities with neighborhood commercial revitalization efforts. false false 3937638 Bay Area Employment Development Company BDC is licensed by the U.S. Small Business Administration, a federal agency, as a certified development company, for the purpose of making 504 loans to eligible small businesses. BDC uses 504 financing to assist growing small businesses obtain low cost financing for fixed asset expansions which helps them retain and create jobs and assist their communities with commercial revitalization efforts. Since its inception, BDC has provided 2,554 small businesses with over $1.8 billion of 504 financing and over $5 billion of funding overall. This has helped those companies create and retain approximately 28,000 jobs. Over 1/3 of the businesses funded are in low and moderate income areas and over 1/3 of their clients are women and minority owned businesses. 3937638 false false false false false false false false false true true false true true true true false false false false false false false false false false true false true false false false false false false false false false false false false false false false false true 21 0 true 19 true false false false false false false false false X 7 7 false false false false false true false true true false false true true true true true true true false false CA X Scott Rodde 7074863950 1500 Third Street Suite C Napa CA 94558 Richard Grant CEO 40.00 0.00 X 503271 0 31340 Mark Schwan Senior VP 40.00 0.00 198177 0 34748 Isiah Alcantar SVP & Marketing Manager 40.00 0.00 165900 0 27695 Kimberly Shinjo VP Loan Analyst and Underwriter 40.00 0.00 144700 0 30800 Richard Hildebrand Senior VP / Maket Manager 40.00 0.00 152783 0 13087 Susan Dunlap Portfolio Manager 40.00 0.00 154360 0 10140 Robert Thompson Senior VP 40.00 0.00 126582 0 23608 James Baird Director 40.00 0.00 X 150000 0 0 Heather Ashbridge VP Loan Analyst 40.00 0.00 137220 0 8280 Eleni Caryotakis VP Loan Analyst 40.00 0.00 128958 0 3542 Walter Menzel Vice President 1.00 0.00 X 4000 0 0 Torran Nixon Director 1.00 0.00 X 4000 0 0 Michael Johnson President 1.00 0.00 X 4000 0 0 Scott Hauge Director 1.00 0.00 X 4000 0 0 Bonnie Lipscomb Treasurer 1.00 0.00 X 4000 0 0 Olivia Rebanal Director 1.00 0.00 X 4000 0 0 Francine Boards Director 1.00 0.00 X 0 0 0 1885951 183240 10 false true false Scott Rodde Inc 1500 Third Street Ste C Napa CA 94559 Legal Services 384750 Law Office of Jeffrey T Mulford PO BOX 796 Kihei HI 967530796 Legal services 114375 Susan Kan Whitaker 1 BELVEDERE PL STE 200 MILL VALLEY CA 949412493 Legal services 104000 3 0 Loan Interest 541900 777087 777087 Packaging and Closing 541900 1295976 1295976 Servicing Fees 541900 2839925 2839925 4912988 49726 49726 0 0 0 0 0 0 0 Other Income 900099 2353 2353 2353 4965067 4915341 49726 36000 36000 0 0 0 174000 174000 0 2523698 2408616 115082 218882 212487 6395 286300 275201 11099 184879 177546 7333 0 396200 382426 13774 58956 58956 0 0 0 0 14872 12447 2425 73057 73057 0 0 107042 107042 108204 31310 76894 0 0 0 0 0 57102 57102 Outside Services 220265 220265 Loan closing fees 184849 184849 Postage and Shipping 17306 17306 Telephone 16417 16417 52544 9033 43511 4730573 3937638 792935 0 705165 993204 0 0 1398339 1462599 0 0 0 0 48402 44161 59808 51623 11016 8185 0 241036 250818 0 0 1293131 1256468 3697089 4015435 251678 208941 904895 992725 1156573 1201666 X 2540516 2813769 2540516 2813769 3697089 4015435 234494 38759 X false true X true false 59808 51623 8185 8185 250818 Deposits 11500 Interest Receivable 384132 ROU Asset 860836 1256468 401k employer match 125888 Packaging Deposits 6000 ROU Liability 860836 Rounding 1 992725 X 4965067 4965067 4965067 4730573 4730573 4730573 Part X : FIN48 Footnote The Company has been recognized by the Internal Revenue Service as a not-for-profit corporation as described in Section 501c4 of the Internal Revenue Code and is exempt from federal income taxes on related income pursuant to Section 501a of the Internal Revenue Code. The Company has analyzed its tax positions taken for filings with the Internal Revenue Service and all state jurisdictions where it operates. The Company believes that its income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on the Company's financial position, results of activities or cash flows. Accordingly, the Company has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at September 30, 2024. With few exceptions, the Company is no longer subject to U.S. federal, state and local income tax examinations by tax authorities for the years before 2018. The Company has no interest and penalties related to income tax. The Company would recognize to income tax related interest and penalties in interest expense and other expenses, respectively. The Company has not previously recognized any interest and penalties. false Centro Community Partners 5652 Calmor Ave San Jose CA 95123 36000 0 Economic Development 0 1 X X X X false false false false false false false true false Isiah Alcantar SVP & Marketing Manager 122305 43595 27695 193595 Kimberly Shinjo VP Loan Analyst and Underwriter 137200 7500 30800 175500 Mark Schwan Senior VP 118137 79040 1000 34748 232925 Richard Grant CEO 328659 174612 31340 534611 Richard Hildebrand Senior VP / Maket Manager 126913 25870 13087 165870 Robert Thompson Senior VP 84392 42190 23608 150190 Susan Dunlap Portfolio Manager 145860 7500 1000 10140 164500 Part I, Line 7: Non-Fixed payments not listed above Loan Officers - Robert Thompson, Mark Schwan, Isiah Alcantar, Rich Hildebrand, and Richard Grant - receive commissions. Form 990, Part VI, Section B, Line 11b Management reconciles the Form 990 amounts to the audited financial report and other supporting documents provided to the public accounting firm. Next, management reviews the questionnaire sections of Form 990 to make sure that the answers are recorded correctly. Lastly, management presents Form 990 to the governing board for their review. Form 990, Part VI, Section B, Line 12c The Organization has a policy that requires directors and management to disclose any activity that would be considered a conflict of interest. The policy is written and administered by the Board. Directors and managers are required to disclose, as soon as possible, the existence of any actual or potential conflict of interest to the Board. Annually, directors and management certify that they are in compliance with the conflict of interest policy. Form 990, Part VI, Section B, Line 15a The Oversight Committee reviews the current company executive compensation structure and reports to the Board based on information and data provided from the dean group salary study and their knowledge of professional practices within the region to ensure that current company practices reflect good management and are reasonable and prudent. Form 990, Part VI, Section C, Line 19 No documents available to the public.