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
| Name | Title | Hours Per Week | Total Salary |
|---|
| Matthew Davis | President & CEO | 40 | $244,507 |
| John Welton | Vice President | 40 | $206,174 |
| Mayra Soto | Vice President | 40 | $182,006 |
| Michael Nasr | LOAN OFFICER | 40 | $168,710 |
| Jorge Paniagua | LOAN OFFICER | 40 | $128,813 |
| Maria Mata | Vice President | 40 | $127,654 |
| Javier Jimenez | Vice President | 40 | $103,813 |
| Kenneth Hernandez | Director | 0.1 | $0 |
| Robert Garcia | Director | 0.1 | $0 |
| Michelle Coberly | Director | 0.1 | $0 |
| Melanie Smith | Director | 0.1 | $0 |
| Wilson Jui | Director | 0.1 | $0 |
| Sam Nangia | 1ST VICE CHAIR | 0.1 | $0 |
| Tim Mills | Director | 0.1 | $0 |
| Sergio Aguilar | Director | 0.1 | $0 |
| Ross Bourne | Director | 0.1 | $0 |
| Gary Martinez | Chairman | 0.1 | $0 |
| Ron Stumpf | Secretary | 0.1 | $0 |
| George Sarantos | 2ND VICE CHAIR | 0.1 | $0 |
| Anthony Sanchez | Director | 0.1 | $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