El Pajaro Community Development Corporation

WATSONVILLE, CA   |  WWW.ELPAJAROCDC.ORG

Mission

The Organization's mission is to promote community and economic development. The population served is under represented and under served minority small business owners and entrepreneurs seeking technical and business assistance. The focus of the Organization is the expansion of economic opportunities and jobs to benefit the target population.

Ruling year info

1980

Main address

23 E BEACH ST STE 209

WATSONVILLE, CA 95076

EIN

94-2656048

NTEE code info

Community, Neighborhood Development, Improvement (S20)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Programs and results

What we aim to solve

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Our programs

SOURCE: IRS Form 990

What are the organization's current programs, how do they measure success, and who do the programs serve?

Program 1

Fiscal year 2019-2020, has been an unpresented year for our organization. Due to the COVID-19 pandemic the requests for services increased drastically. El Pajaro CDC has played a key role in supporting small microbusinesses access the needed financing and technical resources. To accomplished this, the organization had to increase its staff and required an increased amount of service hours from two of its main consultants. In terms of economic relief El Pajaro CDC has 1.Supported 166 clients in accessing a total of $5,761,058.52 in CARES act funds. 2.Worked with the City of Watsonville to develop and deploy a small business grant program. 3.Developed an Emergency Loan Program for entrepreneurs that did not qualify for CARES program in collaboration with Fondo Adelante a CDFI located in San Franciscos Mission District. The Santa Cruz Community Foundation and the Community Foundation for Monterey County provided a mission related investment to fund loans for small businesses located in Santa Cruz and Monterey County. The program developed during the fiscal year ended on June 2020 and launched in August 2020. In terms of business education and coaching, El Pajaro CDC provided bilingual (English and Spanish) consulting, trainings and business incubation opportunities to underserved entrepreneurs, farmers and micro-businesses throughout Santa Cruz, Monterey and San Benito Counties. Two hundred and sixty-seven business owners received business coaching services and 234 three hundred twenty-six took part in trainings. Clients were assisted with costing of products and services, new business planning, marketing, loan packaging and other business-related topics. Specialized trainings were provided for family childcare providers, food business entrepreneurs, start-ups, farmers and CalWORKs participants. El Pajaro CDC continued to support Plaza Vigil incubator tenants by providing them with over 203 hours of training, individual business coaching and leadership skills development.During the fiscal year 2019 -2020, El Pajaro CDC assisted 35 in preparing loan packages or to access other types of financial resources to start or expand their businesses. Alternative sources included family investment, owner investment, and community lenders. Of the clients assisted eleven have received over $1,488,000 in capital infusion from banks and other lenders. Several client loans are still in progress at the close of the fiscal year.Because many of our clients have difficulties accessing loans, we are continually looking for alternative sources of financing. For this reason, El Pajaro CDC staff and board continued work working on a plan to increase access to financing resources to local underserved entrepreneurs. To accomplish this new goal our organization hired a specialized consultant to develop and launch a new in-house microlending program. This included working on grant applications to fund the program. After the end of the fiscal year our organization received notice of two federal government award to fund the new program. Additionally, staff and consultants also worked on the preparation of a lenders license application. The application was submitted in September 2020 and approved on the same year. The program launch will take place in March 2021. El Pajaro CDC 's commercial kitchen incubator (CKI) has been serving tri-county entrepreneurs for seven years and currently has 34 small food businesses operating in the facility and seven new entrepreneurs are in the licensing process. El Pajaro CDC is proud of creating this community asset and loves to share the facility with the community by hosting events. In October 2019 we celebrated the El Pajaro CDCs fortieth anniversary with our signature event, Tacos and Tapas. In December 2019 we hosted our sixth, City of Watsonville, Holiday Factory sale. These celebrations have drawn more than 500 visitors to the facility and have become great marketing opportunities for our food entrepreneurs to generate business. El Pajaro CDC Kitchen staff also made progress in building an on-line store and conducted tenant improvements to open a Kitchen Retail store for Kitchen Products at Plaza Vigil.

Expenses
$979,431
Revenue
$0

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Financials

El Pajaro Community Development Corporation
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Operations

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This organization has no recorded board members.