CALIFORNIA COASTAL RURAL DEVELOPMENT CORPORATION

SALINAS, CA | Monterey County
Economic Development

Overview

CALIFORNIA COASTAL RURAL DEVELOPMENT CORPORATION
94-0276025
221 MAIN ST STE 301
SALINAS, CA 93901
Monterey County
(831) 424-1099

Mission Statement info

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.

Founded info
1982
Total Employees info
18
Total Volunteers info
33
CRA Category info
  • Economic Development
Nonprofit location info
  • LMI Census Tract
  • Majority Minority Census Tract
  • Opportunity Zone
Awards & Certifications info
  • CDFI Organization
  • CDFI Award Recipient
Nonprofit Classification (NTEE Code) info
S30

S - Community Improvement, Capacity Building

Economic Development

Organizations whose primary purpose is to stimulate the economy, expand employment opportunities, encourage the establishment and growth of commerce and industry and otherwise enhance the economic development of the community.

IRS Activity Codes info
254
Corporation organized under an Act of Congress
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
813410
Civic and Social Organizations

CRA Alignment

CRA Category info
Economic Development
Workforce development, job training, and small business or startup support.
CRA Certification info
Has not applied.
Awards & Certifications info
Community Development Financial Institution info
Date Certified info
10/25/2013
Native American CDFI info
N
Financial Institution Type info
Loan Fund
Community Development Financial Institution Award Recipient info
Most Recent CDFI Award info
2008
$1,000,000
CDFI Financial Assistance
1999
$300,000
CDFI Financial Assistance
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$4M
Revenue
$4M
Assets
$13.4M
Exempt Ruling Date info
1982-11
Deductibility Status info
Deductible
Tax Filing Year info
2018
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
States Where Tax Return is Filed info
CA
Basis for Foundation/Public Charity Status info
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
IRS Reported Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

Nonprofit Location

Physical Address info
221 MAIN ST STE 301
SALINAS, CA 93901
Monterey County
FIPS Geocoded Address info
41500
MSA/CBSA info
06
State info
053
County info
0013.00
Tract info
Low
Income Level info
Core-Based Statistical Area info
Salinas, CA
Combined Statistical Area info
Not located in a CSA.
Metropolitan Division info
Not located in an MD.
Area Type info
Metropolitan Statistical Area
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 93.45%
Designated Distressed Census Tract info
Underserved Census Tract info

Market Data

Census Tract County
0013.00 Monterey County
Population
Total Population 2,809 433,410
Total Households 872 127,155
Income
Median Family Income (Census*) $23,992 $71,015
Median Family Income (2019 FFIEC) $74,100 N/A
Tract Income Percentage 38.42% N/A
Below Poverty Level 46.0% 13.1%
Unemployment Level 5.4% 4.9%
Housing
Total Housing Units 999 141,820
Total Owner-Occupied Units 1.2% 51%
Total Renter-Occupied Units 86.1% 49%
Total Vacant Units 12.7% 5.8%
* Census tract income based on 2019 Census estimated data; County income based on 2019 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

12
Total Voting Members
in Governing Body
info
12
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
Karl Zalazowski
President
(831) 424-1099
Principal Officer info
Karl Zalazowski
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Wistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit www.learncra.com.