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Small Business Development Corporation Of Orange County

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Community Improvement, Capacity Building / Economic Development (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$2.45M (2024)

Expenses
$2.11M (2024)

Total Assets
$5.37M (2024)

Total Liabilities
$1.21M (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,445,434
Expenses
$2,105,387
Net Income
$340,047
Net Assets
$4,160,907
Notable Sources of Revenue Percent of Total Revenue
Contributions $76,500
3.1%
Program Services $2,325,813
95.1%
Investment Income $47,770
2.0%
Bond Proceeds $0
Royalties $0
Rental Property Income -$4,692
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $43
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $884,566
42.0%
Professional Fundraising Fees $0
Other Salaries and Wages $691,157
32.8%
Assets/Debt
Total Assets $5,366,878
Total Liabilities $1,205,971
Net Assets $4,160,907
Compensation
Key Employees and Officers Compensation Related Other
Michael Ocasio (Ceo) $353,790 $0 $19,369
Richard Lee (Sr Vice Pres Commercial Le) $202,032 $0 $14,187
Carrie Miller (Chief Financial Officer) $172,413 $0 $24,773
Nestor Correa (Sr Vice Pres Commercial Le) $151,422 $0 $25,169
Jim Ely (President) $108,502 $0 $0
Maria Lopez (Chief Operation Officer) $106,022 $0 $11,163
Larry Trujillo (Secretary) $0 $0 $0
Pablo Ocasio (Vice Chairman) $0 $0 $0
Thanh Pham (Chairman) $0 $0 $0
Cassaundra Johnson (Treasurer) $0 $0 $0
Michael Karr (Director) $0 $0 $0
Dom Betro (Director) $0 $0 $0
Gil Keinan (Director) $0 $0 $0
Eric Bell (Director) $0 $0 $0
Johnny Thomas (Director) $0 $0 $0
Catherine Nguyen (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,947,192
Expenses
$1,675,516
Net Income
$271,676
Net Assets
$3,820,860
Notable Sources of Revenue Percent of Total Revenue
Contributions $181,500
9.3%
Program Services $1,721,446
88.4%
Investment Income $36,916
1.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $6,093
0.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,237
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $566,059
33.8%
Professional Fundraising Fees $0
Other Salaries and Wages $513,681
30.7%
Assets/Debt
Total Assets $4,981,581
Total Liabilities $1,160,721
Net Assets $3,820,860
Compensation
Key Employees and Officers Compensation Related Other
Michael Ocasio (President And Ceo) $326,947 $0 $18,937
Nestor Correa (Sr Vice Pres Commercial Le) $175,882 $0 $22,844
Richard Lee (Sr Vice Pres Commercial Le) $174,386 $0 $12,599
Carrie Miller (Chief Financial Officer) $140,691 $0 $21,547
Eduardo E Brugman (Chief Information Officer (July '22 'Jan23)) $128,515 $0 $11,887
Maria Lopez (Executive Assistant) $101,217 $0 $10,314
Abdi Ahmed (Director (July '22 April '23)) $0 $0 $0
Larry Trujillo (Secretary) $0 $0 $0
Pablo Ocasio (Vice Chairman) $0 $0 $0
Cassaundra Johnson (Treasurer) $0 $0 $0
Michael Karr (Director) $0 $0 $0
Dom Betro (Director) $0 $0 $0
Gil Keinan (Director) $0 $0 $0
Thanh Pham (Chairman) $0 $0 $0
Catherine Nguyen (Director (April '23 June '23)) $0 $0 $0
Eric Bell (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,788,312
Expenses
$1,286,824
Net Income
$501,488
Net Assets
$3,549,184
Notable Sources of Revenue Percent of Total Revenue
Contributions $85,000
4.8%
Program Services $1,658,607
92.7%
Investment Income $37,107
2.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $7,493
0.4%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $105
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $326,843
25.4%
Professional Fundraising Fees $0
Other Salaries and Wages $669,245
52.0%
Assets/Debt
Total Assets $4,737,305
Total Liabilities $1,188,121
Net Assets $3,549,184
Compensation
Key Employees and Officers Compensation Related Other
Michael Ocasio (President And Ceo) $246,032 $0 $20,836
Richard Lee (Sr Vice Pres Commercial Lending) $116,626 $0 $13,741
Kenneth Freedman (Chief Operations Officer) $112,548 $0 $0
Nestor Correa (Sr Vice Pres Commercial Lending) $109,658 $0 $24,767
Eduardo E Brugman (Chief Information Officer) $107,441 $0 $11,823
Abdi Ahmed (Director) $0 $0 $0
Larry Trujillo (Secretary) $0 $0 $0
Pablo Ocasio (Vice Chairman) $0 $0 $0
Cassaundra Johnson (Treasurer) $0 $0 $0
Michael Karr (Director) $0 $0 $0
Dom Betro (Director) $0 $0 $0
Gil Keinan (Director) $0 $0 $0
Thanh Pham (Chairman) $0 $0 $0
Timothy Nguyen (Director) $0 $0 $0
Armando Romero (Director) $0 $0 $0
Eric Bell (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,313,486
Expenses
$1,221,366
Net Income
$92,120
Net Assets
$3,047,697
Notable Sources of Revenue Percent of Total Revenue
Contributions $174,600
13.3%
Program Services $1,103,630
84.0%
Investment Income $28,109
2.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $7,147
0.5%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $200,594
16.4%
Professional Fundraising Fees $0
Other Salaries and Wages $614,132
50.3%
Assets/Debt
Total Assets $3,166,647
Total Liabilities $118,950
Net Assets $3,047,697
Compensation
Key Employees and Officers Compensation Related Other
Michael Ocasio (President & Ceo) $200,594 $0 $0
Richard Lee (First Vp) $144,744 $0 $0
Ken Freedman (Office Manager) $130,447 $0 $0
Nestor Nestor (Loan Officer) $97,837 $0 $0
Eduardo E Burgman (Computer) $86,713 $0 $0
Abdi Ahmed (Secretary) $0 $0 $0
Gary Dunn (Chairman) $0 $0 $0
Pablo Ocasio (Director) $0 $0 $0
Cassaundra Johnson (Director) $0 $0 $0
Michael Karr (Treasurer) $0 $0 $0
Dom Betro (Director) $0 $0 $0
Terrin Enssle (Secretary) $0 $0 $0
Thanh Pham (Director) $0 $0 $0
Jason Hamilton (Director) $0 $0 $0
Johnny Thomas (Director) $0 $0 $0
Eric Bell (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,504,555
Expenses
$1,459,719
Net Income
$44,836
Net Assets
$2,955,577
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,458,068
96.9%
Investment Income $42,968
2.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $3,519
0.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $239,718
16.4%
Professional Fundraising Fees $0
Other Salaries and Wages $736,007
50.4%
Assets/Debt
Total Assets $3,058,781
Total Liabilities $103,204
Net Assets $2,955,577
Compensation
Key Employees and Officers Compensation Related Other
Richard Lee (First Vp) $278,127 $0 $0
Michael Ocasio (President & Ceo) $239,718 $0 $0
Nestor Nestor (Loan Officer) $146,087 $0 $0
Pamela J Finn (Office Manager) $113,831 $0 $0
Gary Dunn (Chairman) $11,000 $0 $0
Abdi Ahmed (President) $0 $0 $0
Pablo Ocasio (Director) $0 $0 $0
Cassaundra Johnson (Director) $0 $0 $0
Michael Karr (Treasurer) $0 $0 $0
Annmarie Lemento (Director) $0 $0 $0
Terrin Enssle (Secretary) $0 $0 $0
Thanh Pham (Director) $0 $0 $0
Jason Hamilton (Director) $0 $0 $0
Johnny Thomas (Director) $0 $0 $0
Eric Bell (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,176,195
Expenses
$1,489,379
Net Income
$686,816
Net Assets
$2,910,721
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,157,952
99.2%
Investment Income $20,854
1.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$2,611
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $205,988
13.8%
Professional Fundraising Fees $0
Other Salaries and Wages $723,563
48.6%
Assets/Debt
Total Assets $2,949,774
Total Liabilities $39,053
Net Assets $2,910,721
Compensation
Key Employees and Officers Compensation Related Other
Michael Ocasio (President & Ceo) $213,905 $0 $0
Richard Lee (First Vp) $195,486 $0 $0
Gary Dunn (Chairman) $1,500 $0 $0
Abdi Ahmed (Vice Chairman) $0 $0 $0
Pablo Ocasio (Director) $0 $0 $0
Alex B Arjonilla (Director) $0 $0 $0
Michael Karr (Treasurer) $0 $0 $0
Terrin Enssle (Secretary) $0 $0 $0
Jason Hamilton (Director) $0 $0 $0
Johnny Thomas (Director) $0 $0 $0
Bill Wilson (Director) $0 $0 $0
Eric Bell (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,195,014
Expenses
$913,201
Net Income
$281,813
Net Assets
$2,223,905
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,195,014
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $189,097
20.7%
Professional Fundraising Fees $0
Other Salaries and Wages $309,267
33.9%
Assets/Debt
Total Assets $2,290,438
Total Liabilities $66,533
Net Assets $2,223,905
Compensation
Key Employees and Officers Compensation Related Other
Michael Ocasio (President & Ceo) $181,757 $0 $0
Abdi Ahmed (Vice Chairman) $0 $0 $0
Gary Dunn (Chairman) $0 $0 $0
Pablo Ocasio (Director) $0 $0 $0
Alex B Arjonilla (Director) $0 $0 $0
Michael Karr (Treasurer) $0 $0 $0
Cecil Adams (Director) $0 $0 $0
Terrin Enssle (Secretary) $0 $0 $0
Keith Drake (Director) $0 $0 $0
Jason Hamilton (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,240,267
Expenses
$751,100
Net Income
$489,167
Net Assets
$1,942,092
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,240,267
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $196,361
26.1%
Professional Fundraising Fees $0
Other Salaries and Wages $244,825
32.6%
Assets/Debt
Total Assets $1,959,012
Total Liabilities $16,920
Net Assets $1,942,092
Compensation
Key Employees and Officers Compensation Related Other
Michael Ocasio (President & Ceo) $146,808 $0 $0
Abdi Ahmed (Vice Chairman) $0 $0 $0
Gary Dunn (Chairman) $0 $0 $0
Pablo Ocasio (Director) $0 $0 $0
Alex B Arjonilla (Director) $0 $0 $0
Michael Karr (Treasurer) $0 $0 $0
Cecil Adams (Director) $0 $0 $0
Terrin Enssle (Secretary) $0 $0 $0
Keith Drake (Director) $0 $0 $0
Jason Hamilton (Director) $0 $0 $0
Nancy Trujillo (Director) $0 $0 $0
Jonny Thomas (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,151,274
Expenses
$477,529
Net Income
$673,745
Net Assets
$1,452,925
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,151,274
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $150,097
31.4%
Professional Fundraising Fees $0
Other Salaries and Wages $115,429
24.2%
Assets/Debt
Total Assets $1,488,991
Total Liabilities $36,066
Net Assets $1,452,925
Compensation
Key Employees and Officers Compensation Related Other
Michael Ocasio (President & Ceo) $150,097 $0 $0
Abdi Ahmed (President) $0 $0 $0
Gary Dunn (Chairman) $0 $0 $0
Pablo Ocasio (Director) $0 $0 $0
Alex B Arjonilla (Director) $0 $0 $0
Michael Karr (Secretary) $0 $0 $0
Cecil Adams (Director) $0 $0 $0
Terrin Enssle (Director) $0 $0 $0
Keith Drake (Director) $0 $0 $0
Jason Hamilton (Director) $0 $0 $0
Nancy Trujillo (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$780,965
Expenses
$368,942
Net Income
$412,023
Net Assets
$779,180
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $780,965
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $116,850
31.7%
Professional Fundraising Fees $0
Other Salaries and Wages $77,078
20.9%
Assets/Debt
Total Assets $833,120
Total Liabilities $53,940
Net Assets $779,180
Compensation
Key Employees and Officers Compensation Related Other
Michael Ocasio (President & Ceo) $116,850 $0 $0
Abdi Ahmed (President) $0 $0 $0
Gary Dunn (Chairman) $0 $0 $0
Pablo Ocasio (Director) $0 $0 $0
Alex B Arjonilla (Director) $0 $0 $0
Michael Karr (Secretary) $0 $0 $0
David Park (Director) $0 $0 $0
Terrin Enssle (Director) $0 $0 $0
Nancy Trujillo (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$518,407
Expenses
$323,040
Net Income
$195,367
Net Assets
$367,157
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $518,407
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $113,700
35.2%
Professional Fundraising Fees $0
Other Salaries and Wages $82,318
25.5%
Assets/Debt
Total Assets $402,903
Total Liabilities $35,746
Net Assets $367,157
Compensation
Key Employees and Officers Compensation Related Other
Michael Ocasio (President & Ceo) $116,400 $0 $0
Abdi Ahmed (President) $0 $0 $0
Gary Dunn (Chairman) $0 $0 $0
Milton Flores (Treasurer) $0 $0 $0
Alex B Arjonilla (Director) $0 $0 $0
Michael Karr (Secretary) $0 $0 $0
David Park (Director) $0 $0 $0
Terrin Enssle (Director) $0 $0 $0
Nancy Trujillo (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$351,483
Expenses
$370,912
Net Income
-$19,429
Net Assets
$171,790
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $351,483
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $110,700
29.8%
Professional Fundraising Fees $0
Other Salaries and Wages $97,780
26.4%
Assets/Debt
Total Assets $202,421
Total Liabilities $30,631
Net Assets $171,790

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$399,371
Expenses
$366,984
Net Income
$32,387
Net Assets
$191,219
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $399,371
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $103,500
28.2%
Professional Fundraising Fees $0
Other Salaries and Wages $119,938
32.7%
Assets/Debt
Total Assets $199,569
Total Liabilities $8,350
Net Assets $191,219

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$293,298
Expenses
$276,000
Net Income
$17,298
Net Assets
$158,832
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $293,298
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $102,000
37.0%
Professional Fundraising Fees $0
Other Salaries and Wages $64,769
23.5%
Assets/Debt
Total Assets $172,301
Total Liabilities $13,469
Net Assets $158,832

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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