aka Springboard Home Loans   |   National City, CA   |
GuideStar Charity Check


EIN: 95-3685889


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



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



Subject area info

Financial counseling

Housing services

Population served info


NTEE code info

Other Housing Support Services (L80)

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

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


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.


Fiscal year: Jan 01 - Dec 31
Financial documents
2022 Springboard CDFI
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990


Average of 2.37 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990


Average of 23.9 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990


Average of 16% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990


Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data


Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data


Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of SPRINGBOARD CDFI’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation -$3,210,403 -$289,965 $2,036,510 $131,454 $308,889
As % of expenses -116.0% -12.4% 155.7% 27.7% 80.7%
Unrestricted surplus (deficit) after depreciation -$3,373,016 -$377,255 $1,933,160 $110,693 $306,670
As % of expenses -115.1% -15.5% 137.0% 22.4% 79.7%
Revenue composition info
Total revenue (unrestricted & restricted) $743,000 $1,850,444 $3,406,050 $676,910 $168,905
Total revenue, % change over prior year -72.4% 149.1% 84.1% -80.1% -75.0%
Program services revenue 67.8% 100.0% 92.2% 68.5% 100.5%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.0% 0.0% 0.0% 0.0% 0.0%
Government grants 32.2% 0.0% 7.5% 20.3% 0.0%
All other grants and contributions 0.0% 0.0% 0.3% 0.0% 0.0%
Other revenue 0.0% 0.0% 0.0% 11.2% -0.6%
Expense composition info
Total expenses before depreciation $2,767,258 $2,346,369 $1,307,891 $474,082 $382,607
Total expenses, % change over prior year -19.1% -15.2% -44.3% -63.8% -19.3%
Personnel 52.4% 57.5% 67.3% 61.7% 51.6%
Professional fees 20.7% 12.8% 7.5% 6.5% 15.7%
Occupancy 3.0% 2.7% 3.2% 0.2% 0.0%
Interest 1.4% 5.5% 1.6% 1.0% 2.6%
Pass-through 0.0% 0.0% 0.0% 0.0% 0.0%
All other expenses 22.5% 21.5% 20.4% 30.6% 30.2%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $2,929,871 $2,433,659 $1,411,241 $494,843 $384,826
One month of savings $230,605 $195,531 $108,991 $39,507 $31,884
Debt principal payment $3,129 $0 $0 $0 $0
Fixed asset additions $0 $0 $0 $0 $0
Total full costs (estimated) $3,163,605 $2,629,190 $1,520,232 $534,350 $416,710

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 3.0 3.4 11.4 76.5 110.6
Months of cash and investments 3.0 3.4 11.4 76.5 110.6
Months of estimated liquid unrestricted net assets -8.7 -11.6 -5.6 -12.1 -5.2
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $698,124 $664,147 $1,242,901 $3,022,293 $3,525,650
Investments $0 $0 $0 $0 $0
Receivables $8,400,587 $8,481,136 $8,265,345 $6,507,095 $5,797,188
Gross land, buildings, equipment (LBE) $637,040 $643,830 $651,282 $651,282 $19,681
Accumulated depreciation (as a % of LBE) 63.8% 83.5% 96.2% 99.3% 98.8%
Liabilities (as a % of assets) 28.6% 32.0% 9.0% 7.4% 7.5%
Unrestricted net assets -$1,779,333 -$2,156,588 -$583,428 -$472,735 -$166,065
Temporarily restricted net assets $8,451,471 N/A N/A N/A N/A
Permanently restricted net assets $0 N/A N/A N/A N/A
Total restricted net assets $8,451,471 $8,451,471 $9,266,069 $9,337,443 $8,814,852
Total net assets $6,672,138 $6,294,883 $8,682,641 $8,864,708 $8,648,787

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No Yes No No


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

Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization


Ms. Angel Capalbo

Angel Capalbo is President of Springboard CDFI. In this capacity, she has strategic oversight responsibility for mortgage lending services, branch network operations and key support functions. Ms. Capalbo is a results-driven financial services and mortgage professional with extensive experience that has encompassed positions from development and management of front-end mortgage operations/originations through to back-end servicing operations at a national, regional and investor level in retail and wholesale mortgage lending, private money lending, secondary marketing, acquisitions, servicing and warehouse lending with leading financial services organizations. She has a solid track record developing, launching and managing new initiatives with the ability to turn enterprise strategy into desired business outcomes.

Number of employees

Source: IRS Form 990


Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization


Highest paid employees

SOURCE: IRS Form 990

Show data for fiscal year
Compensation data
Download up to 5 most recent years of highest paid employee data for this organization


Board of directors
as of 04/03/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Todd Emerson

Springboard Social Enterprises

Steven Clark


Curtis Paradzick


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.


The organization's leader identifies as:

Race & ethnicity
Decline to state
Gender identity
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


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.


Fiscal year ending
There are no fundraisers recorded for this organization.