PLATINUM2024

SPRINGBOARD CDFI

aka Springboard Home Loans   |   National City, CA   |  https://www.springboard.org

Mission

Springboard CDFI is an Internal Revenue Service 501(c)(3) nonprofit California public benefit corporation and a designated U.S. Department of Treasury Community Development Financial Institution, incorporated on February 25,1982 which actively supports community development by providing homeownership opportunities through loans and real estate services with a focus on low-to-moderate income individuals and traditionally underserved communities.

Ruling year info

1982

President

Ms. Angel Capalbo

Main address

2140 Hoover Avenue Suite 115

National City, CA 91950 USA

Show more contact info

Formerly known as

San Diego Neighborhood Housing Services Corporation

Community HousingWorks Realty & Lending

EIN

95-3685889

NTEE code info

Other Housing Support Services (L80)

IRS filing requirement

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

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Communication

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

With limited resources and purchasing power, low income households are often excluded from homeownership, deprived of a powerful asset-building opportunity that can lead to increased multigenerational achievement and success. Socioeconomic factors and others variables pose significant barriers to financial mobility.

Our programs

SOURCE: Self-reported by organization

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

Mortgage lending

Mortgage lending and servicing

Population(s) Served
Adults

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Dollar amount of total loans written off

This metric is no longer tracked.
Totals By Year
Related Program

Mortgage lending

Type of Metric

Context - describing the issue we work on

Direction of Success

Decreasing

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

To bridge the wealth gap in America by providing scaled solutions and access to capital with a focus on first-time home buyers and rural communities.

Provide scaled solutions and access to capital with a focus on first-time home buyers, people of color and rural communities.

Individual nonprofit providers generally cannot generate a sufficient volume of mortgage originations to cover costs, but with Springboard CDFI aggregating those loans under one central platform and creating a standardized loan and underwriting process, grassroots providers will be able to ensure the consistency of loan quality.

More than 60% of our clientele are at low-to-moderate/moderate area median income levels.

Financials

SPRINGBOARD CDFI
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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Connect with nonprofit leaders

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  • Analyze a variety of pre-calculated financial metrics
  • Access beautifully interactive analysis and comparison tools
  • Compare nonprofit financials to similar organizations

Want to see how you can enhance your nonprofit research and unlock more insights? Learn More about GuideStar Pro.

SPRINGBOARD CDFI

Board of directors
as of 06/14/2024
SOURCE: Self-reported by organization
Board chair

Todd Emerson

Springboard Social Enterprises

Steven Clark

Sandoz/Novartis

Curtis Paradzick

VectorUSA

Denis Gitschier

Retired, Huntington Beach Union High School District

Todd Emerson

Springboard Social Enterprises

Angel Capalbo

Springboard CDFI

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Not applicable

Organizational demographics

SOURCE: Self-reported; last updated 4/3/2024

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
Decline to state
Gender identity
Female
Sexual orientation
Decline to state
Disability status
Person without a disability

Race & ethnicity

No data

Gender identity

No data

Transgender Identity

No data

Sexual orientation

No data

Disability

No data

Equity strategies

Last updated: 04/03/2024

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Policies and processes
  • We have community representation at the board level, either on the board itself or through a community advisory board.