Small Business Development Corporation
To provide financial assistance to small businesses. The organization is primarily involved in economic development lending activities providing state loan guarantees to bank and non-bank lenders through the state loan guarantee program and other direct capital access to economically disadvantaged businesses throughout California. This ultimately strengthens the local business economy by creating and retaining jobs.
Key facts about Small Business Development Corporation
In short: Small Business Development Corporation gave $5K across 1 grant in 2025 (avg $5K), mostly in California. Source: 2025 IRS Form 990 filing.
- EIN
- 91-2154838
- Latest 990 filing
- Form 990 filing, 2025
- Annual giving (2025)
- $5,168
- Grants made (2025)
- 1
- Average grant
- $5,168
- Median grant
- $5,168
- Total assets
- $5,901,420
- Primary geography
- California (100% of itemized 2025 grant dollars)
Data from IRS Form 990 filing, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990 filing · View filing
Total Assets
$5.9M
+10.0% YoY
Annual Giving
$5K
Grant Count
1
Avg Grant Size
$5K
About Small Business Development Corporation
Based on IRS filings
Small Business Development Corporation is a nonprofit organization focused on Community Improvement & Capacity Building, based in Riverside, CA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $5.9M in total assets. In 2025, it awarded 1 grant totaling $5K. Net investment income was $72K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 1 itemized 2025 grant dollars.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
In 2025 it made 1 grant totaling $5K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2025
The largest 2025 recipient was La Sierra University ($5K).
Grant Size Distribution
1 grants across all recorded years
The most common grant size was under $50K: 1 grant of 1 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| La Sierra University Riverside, CA | Grant for Zapara School of Business | $5,168 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $5,901,420 | $5,366,878 | $4,981,581 |
| Revenue | $2,987,062 | $2,445,434 | $1,947,192 |
| Expenses | $2,441,758 | $2,105,387 | $1,675,516 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $71,699 | $47,770 | $36,916 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2025
Leadership & Key People
Officers and directors from IRS filings
Small Business Development Corporation is led by Michael Ocasio, CEO since 2024 (on filings since 2020); 7 of 16 officers listed in 2025 are compensated.
Officers on the 2025 filing
Michael Ocasio
CEO
President & CEO → CEO, 2024
On filings since 2020
40 hrs/week
$240K (2020) → $394K (2025)
Jim Ely
President
On filings since 2024
40 hrs/week
$109K (2024) → $312K (2025)
Thanh Pham
Chairman
Director → Chairman, 2022
On filings since 2020
2 hrs/week
No compensation reported
Eric Bell
Director
On filings since 2020
1 hr/week
No compensation reported
Johnny Thomas
Director
On filings since 2020
1 hr/week
No compensation reported
Michael Karr
Director
Treasurer → Director, 2022
On filings since 2020
1 hr/week
No compensation reported
Gil Keinan
Director
On filings since 2022
1 hr/week
No compensation reported
Catherine Nguyen
Director
On filings since 2023
1 hr/week
No compensation reported
Richard Lee
Senior Vice President Commercial Le
First Vice President → Senior Vice President Commercial Lending, 2022
Senior Vice President Commercial Lending → Senior Vice President Commercial Le, 2023
On filings since 2020
40 hrs/week
$278K (2020) → $238K (2025)
Nestor Correa
Senior Vice President Commercial Le
Senior Vice President Commercial Lending → Senior Vice President Commercial Le, 2023
On filings since 2022
40 hrs/week
$110K (2022) → $258K (2025)
Carrie Miller
Chief Financial Officer
On filings since 2023
40 hrs/week
$141K (2023) → $205K (2025)
Maria Lopez
Chief Operation Officer
Executive Assistant → Chief Operation Officer, 2024
On filings since 2023
40 hrs/week
$101K (2023) → $144K (2025)
Eddie Nevarez
Credit Analyst
New on the 2025 filing
40 hrs/week
$102K (2025)
Cassaundra Johnson
Treasurer
Director → Treasurer, 2022
On filings since 2020
2 hrs/week
No compensation reported
Pablo Ocasio
Vice Chairman
Director → Vice Chairman, 2022
On filings since 2020
2 hrs/week
No compensation reported
Larry Trujillo
Secretary
On filings since 2022
2 hrs/week
No compensation reported
Former officers (14)
- Former: Dom Betro (2021–2024) — Director
- Former: Abdi Ahmed (2020–2023) — Director
- Former: Eduardo E. Brugman (2022–2023) — Chief Information Officer
- Former: Armando Romero (2022) — Director
- Former: Kenneth Freedman (2022) — Chief Operations Officer
- Former: Timothy Nguyen (2022) — Director
- Former: Gary Dunn (2020–2021) — Chairman
- Former: Jason Hamilton (2020–2021) — Director
- Former: Nestor Nestor (2020–2021) — Loan Officer
- Former: Terrin Enssle (2020–2021) — Secretary
- Former: Eduardo E. Burgman (2021) — Computer
- Former: Ken Freedman (2021) — Office Manager
- Former: Annmarie Lemento (2020) — Director
- Former: Pamela J. Finn (2020) — Office Manager
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $394K, to Michael Ocasio (CEO). 7 officers or directors reported compensation on that filing.
Frequently asked questions about Small Business Development Corporation
How much does Small Business Development Corporation give each year?
Small Business Development Corporation gave $5K across 1 grant in 2025, according to its 2025 IRS Form 990 filing.
How large is Small Business Development Corporation?
Small Business Development Corporation reported $5.9M in total assets on its 2025 IRS Form 990 filing. Its revenue that year was $3.0M.
What is Small Business Development Corporation?
Small Business Development Corporation is a nonprofit organization focused on Community Improvement & Capacity Building, based in Riverside, CA. It holds $5.9M in total assets as of 2025.
Where does Small Business Development Corporation operate?
Small Business Development Corporation has awarded grants in California.
What is Small Business Development Corporation's EIN?
Small Business Development Corporation's EIN (Employer Identification Number) is 91-2154838. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching Small Business Development Corporation by hand.
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