SOUTHLAND ECONOMIC DEVELOPMENT CORPORATION
400 N Tustin Ave 125, Santa Ana, CA 92705 www.southlandedc.com

Total Revenue
$3,062,384
Total Expenses
$3,176,445
Net Assets
$7,002,774

Organizations Filed Purposes: THE MISSION OF SOUTHLAND ECONOMIC DEVELOPMENT CORP. ("SOUTHLAND") IS TO BENEFIT THE COMMUNITIES IT SERVES BY STIMULATING EMPLOYMENT AND PRIVATE INVESTMENT, EXPANDING THE TAX BASE, AND INCREASING BUSINESS OPPORUNITIES.

stimulate employment, private investment and expand business opportunities.

SOUTHLAND IS A "CERTIFIED DEVELOPMENT COMPANYX AND OPERATES A U.S. SMALL BUSINESS ADMINISTRATION (SBA) LENDING PROGRAM. SOUTHLAND IS AUTHORIZED TO OFFER AND APPROVE LOANS THAT ARE FUNDED BY THE SBA'S 504 DEBENTURE LOAN PROGRAM. SOUTHLAND ACTIVELY SERVES THE SOUTHERN CALIFORNIA REGION. DURING THE YEAR ENDED SEPTEMBER 30, 2020, SOUTHLAND FUNDED 61 LOANS, AMOUNTING TO APPROXIMATELY $52,989,000. SOUTHLAND WAS SERVICING 666 LOANS WITH A TOTAL FACE VALUE OF $420,549,000 AND A TOTAL REMAINING BALANCE OF APPROXIMATELY $314,275,631 AT SEPTEMBER 30, 2020.

SOUTHLAND ADMINISTERS INTERMEDIARY RELENDING PROGRAM (IRP) FROM U.S. DEPARTMENT OF AGRICULTURE, WHICH PROVIDES LOW INTEREST LOANS TO QUALIFIED BUSINESSES IN RURAL COMMUNITIES TO IMPROVE ECONOMIC CONDITIONS AND CREATE JOBS.

SOUTHLAND ADMINISTERS A REVOLVING LOAN FUND (RLF) THROUGH A GRANT FROM THE ECONOMIC DEVELOPMENT ADMINISTRATION OF U.S. DEPARTMENT OF COMMERCE. UNDER THE TERMS OF THE GRANT, THE ORGANIZATION WILL USE THE FUND PROCEEDS TO ASSIST PRIVATE, FOR PROFIT BUSINESSE THAT ARE OTHERWISE UNABLE TO SECURE CONVENTIONAL FINANCING AND WHO WILL BE CREATING JOBS.

Executives Listed on Filing

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

NameTitleHours Per WeekTotal Salary
Matthew DavisPresident & CEO40$244,507
John WeltonVice President40$206,174
Mayra SotoVice President40$182,006
Michael NasrLOAN OFFICER40$168,710
Jorge PaniaguaLOAN OFFICER40$128,813
Maria MataVice President40$127,654
Javier JimenezVice President40$103,813
Kenneth HernandezDirector0.1$0
Robert GarciaDirector0.1$0
Michelle CoberlyDirector0.1$0
Melanie SmithDirector0.1$0
Wilson JuiDirector0.1$0
Sam Nangia1ST VICE CHAIR0.1$0
Tim MillsDirector0.1$0
Sergio AguilarDirector0.1$0
Ross BourneDirector0.1$0
Gary MartinezChairman0.1$0
Ron StumpfSecretary0.1$0
George Sarantos2ND VICE CHAIR0.1$0
Anthony SanchezDirector0.1$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202140429349301704_public.xml