Small Business Development Corporation logo

Small Business Development Corporation

Grantmaker Riverside, CA EIN: 91-2154838 Website

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of all 1 itemized 2025 grant dollars.

States

Cities

Riverside

Giving Over Time

Total grant dollars and number of grants per year

$0$2K$4K$6K0 grants20200 grants20210 grants20220 grants20230 grants20241 grants2025

In 2025 it made 1 grant totaling $5K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2025

La Sierra University: $5KLa Sierra University$5K

The largest 2025 recipient was La Sierra University ($5K).

Grant Size Distribution

1 grants across all recorded years

1<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 1 grant of 1 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
La Sierra University Riverside, CAGrant for Zapara School of Business$5,168

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$1M$2M$3M$4M202020212022202320242025
Metric202520242023
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

  1. 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

Michael Ocasio — CEO: $394KMichael OcasioCEO$394KJim Ely — President: $312KJim ElyPresident$312KNestor Correa — Sr Vice Pres Commercial Le: $258KNestor CorreaSr Vice Pres Commercial Le$258KRichard Lee — Sr Vice Pres Commercial Le: $238KRichard LeeSr Vice Pres Commercial Le$238KCarrie Miller — Chief Financial Officer: $205KCarrie MillerChief Financial Officer$205KMaria Lopez — Chief Operation Officer: $144KMaria LopezChief Operation Officer$144KEddie Nevarez — Credit Analyst: $102KEddie NevarezCredit Analyst$102K

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.

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