MAIN STREET LAUNCH
2101 Webster Street 1200, OAKLAND, CA 94612 obdc.com

Total Revenue
$7,447,994
Total Expenses
$6,675,363
Net Assets
$8,037,340

Organizations Filed Purposes: To grow strong communities by providing financing and technical assistance to small businesses that provide employment service and community benefits

PROGRAM ACCOMPLISHMENTIn the last ten years, Main Street Launch has made loans totaling $72.6 million to 884 businesses, creating and sustaining over 5,900 jobs. These loans supported 48% women-owned businesses, 66% businesses owned by low-to moderate income (LMI entrepreneurs, 48% minority-owned businesses, 54% businesses in LMI neighborhoods, and 46% new businesses. Main Street Launch focuses its services in three program areas: Oakland businesses, San Francisco businesses, and veteran-owned businesses throughout California. During FY19, Main Street Launch provided technical assistance to 1,337 entrepreneurs and loaned $11.3 million to 44 Oakland businesses, 43 San Francisco businesses, and 24 veteran-owned businesses, creating and sustaining 624 jobs. Main Street Launch's technical assistance and lending activity has resulted in job creation and income for residents in LMI communities, increasedwealth for under-served entrepreneurs, and increased economic activity in LMI communities. This leads to improved community vitality as a result of decreasing retail leakage, blight, and the number of empty storefronts, and increasing tax revenue for city services and residents access to goods and services.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Jacob SingerPresident & CEO40$268,394
Jen LeybovichEVP Strat & Dev40$209,308
Scott LewisEVP/ CFO40$143,274
Joyce WindrossEVP Operations40$141,940
Darius MahajerSVP Marketing Mgr40$134,957
Arthur WashingtonDirector0.5$2,700
Wendell Jones IiChairperson1.25$2,700
Jim WongDirector0.5$2,500
Tiffany ShortDirector0.5$2,300
Gladys GreenViceChairperson0.5$2,300
Mark LindquistSecretary1.25$2,300
Lasandra HuntDirector0.5$1,700
Eric NelsonDirector0.5$1,500
Matt ChingDirector0.5$0
Stephanie JonesTreasurer0.5$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202030709349300248_public.xml