MID STATE DEVELOPMENT CORPORATION

BAKERSFIELD, CA | Kern County
Economic Development

Overview

MID STATE DEVELOPMENT CORPORATION
95-3507734
1631 17TH STREET SUITE 100
BAKERSFIELD, CA 93301
Kern County
(661) 322-4241

Mission Statement info

TO STIMULATE ECONOMIC DEVELOPMENT AND CREATE (OR RETAIN) JOBS IN THE REGION BY HELPING SMALL AND MEDIUM - SIZE BUSINESSES OBTAIN FINANCING.

Founded info
1980
Total Employees info
5
Total Volunteers info
Not reported
CRA Category info
  • Economic Development
Nonprofit location info
  • LMI Census Tract
  • Majority Minority Census Tract
  • Opportunity Zone
Awards & Certifications info
  • This nonprofit has not received any CRA awards or certifications.
Nonprofit Classification (NTEE Code) info
-

Not reported

IRS Activity Codes info
429
Other inner city or community benefit activities
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
-
Not reported

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
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$656.7K
Revenue
$656.7K
Assets
$1.4M
Exempt Ruling Date info
1981-11
Deductibility Status info
Not 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
All organizations except 501(c)(3)
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
1631 17TH STREET SUITE 100
BAKERSFIELD, CA 93301
Kern County
FIPS Geocoded Address info
12540
MSA/CBSA info
06
State info
029
County info
0016.00
Tract info
Moderate
Income Level info
Core-Based Statistical Area info
Bakersfield, 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 71.17%
Designated Distressed Census Tract info
Underserved Census Tract info

Market Data

Census Tract County
0016.00 Kern County
Population
Total Population 1,398 887,641
Total Households 664 270,282
Income
Median Family Income (Census*) $30,547 $53,350
Median Family Income (2019 FFIEC) $57,900 N/A
Tract Income Percentage 58.02% N/A
Below Poverty Level 32.5% 21%
Unemployment Level 16.9% 9.8%
Housing
Total Housing Units 742 298,117
Total Owner-Occupied Units 13.9% 58.3%
Total Renter-Occupied Units 75.6% 41.7%
Total Vacant Units 10.5% 7.2%
* 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

16
Total Voting Members
in Governing Body
info
16
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
Keith Brice
President
(661) 322-4241
Principal Officer info
Keith Brice
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.