Organizations Filed Purposes:
ASSIST GROWING SMALL BUSINESSES OBTAIN LOW COST OPTIMALLY STRUCTURED FINANCING FOR FIXED ASSET EXPANSIONS WHICH HELPS THEM RETAIN AND CREATE JOBS AND ASSIST THEIR COMMUNITIES WITH NEIGHBORHOOD COMMERCIAL REVITALIZATION EFFORTS.
BAY AREA EMPLOYMENT DEVELOPMENT COMPANY (BDC) IS LICENSED BY THE U.S. SMALL BUSINESS ADMINISTRATION, A FEDERAL AGENCY, AS A CERTIFIED DEVELOPMENT COMPANY, FOR THE PURPOSE OF MAKING 504 LOANS TO ELIGIBLE SMALL BUSINESSES. BDC USES 504 FINANCING TO ASSIST GROWING SMALL BUSINESSES OBTAIN LOW COST FINANCING FOR FIXED ASSET EXPANSIONS WHICH HELPS THEM RETAIN AND CREATE JOBS AND ASSIST THEIR COMMUNITIES WITH COMMERCIAL REVITALIZATION EFFORTS. SINCE ITS INCEPTION, BDC HAS PROVIDED OVER 2,360 SMALL BUSINESSES WITH OVER $1.6 BILLION OF 504 FINANCING AND OVER $4.5 BILLION OF FUNDING OVERALL. THIS HAS HELPED THOSE COMPANIES CREATE AND RETAIN APPROXIMATELY 22,600 JOBS. OVER 1/3 OF THE BUSINESSES FUNDED ARE IN LOW AND MODERATE INCOME AREAS AND OVER 1/3 OF OUR CLIENTS ARE WOMEN OR MINORITY OWNED COMPANIES.
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 |
|---|
| James Baird | EXECUTIVE DIRECTOR | 40 | $378,610 |
| Joseph Lampe | SENIOR VP | 40 | $371,782 |
| Richard Grant | SENIOR VICE PRESIDENT & MA | 40 | $229,047 |
| Fletcher Chang | SENIOR LOAN ANALYST | 40 | $163,400 |
| Robert Thompson | VICE PRESIDENT | 40 | $144,591 |
| Kimberly Shinjo | LOAN ANALYST | 40 | $140,500 |
| Bonnie Lipscomb | DIRECTOR | 1 | $4,000 |
| Scott Hauge | DIRECTOR | 1 | $4,000 |
| Michael Johnson | DIRECTOR | 1 | $4,000 |
| William Locklin | PRESIDENT | 1 | $4,000 |
| Torran B Nixon | DIRECTOR | 1 | $4,000 |
| Greg Young | SECRETARY | 1 | $4,000 |
| Walter Menzel | VICE PRESIDENT | 1 | $4,000 |
| Aben Hill | DIRECTOR | 1 | $4,000 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202031299349301953_public.xml