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Springboard Cdfi

EIN 95-3685889 · National City, CA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood74 out of 100GovernanceStrong93 out of 100Impact evidenceDescribes programsHow well its results are evidenced

Points to look into

  • Only 15% of its spending went to programs.

These come from the organization's own tax return. There may be a good explanation; ask the charity.

What it says it does

SEE SCHEDULE O

Income
$710,976
Spending
$432,243
Spent on programs
15%
Reserves
6.9 months of spending
Largest source of income
fees for its services, 99%
Employees
2
Volunteers
0
Highest pay
$180,329, president

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 74 out of 100. Higher than 71% of charities in its peer group (housing, $250k to $1m).

  • Reserves

    28 of 35

    Spendable reserves would cover 6.9 months of spending.

  • Debt

    16 of 20

    It owes 16% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 39% of income.

  • Income trend

    15 of 15

    Income rose 216% on the year before.

  • Spending floor

    0 of 15

    15% of spending went to programs.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 93 out of 100. Higher than 78% of charities in its peer group (housing, $250k to $1m).

  • Independent board

    18 of 25

    4 of 4 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $66,098 spent. THROUGH ITS COMBINED PRODUCTS AND SERVICES, SPRINGBOARD CDFI ASSISTED 100 CONSUMERS IN THE HOMEOWNERSHIP PROCESS DURING THE YEAR. SPRINGBOARD CDFI IS A US TREASURY CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION, PROVIDING DOWN-PAYMENT, FIRST MORTGAGE, AND CLOSING COST LOANS FOR THE PRIMARY BENEFIT OF LOW TO MODERATE INCOME (LMI) FIRST-TIME HOMEBUYERS IN COMMUNITIES GENERALLY UNDERSERVED BY TRADITIONAL LENDERS. SPRINGBOARD CDFI OFFERS A VARIETY OF LOAN PROGRAMS IN PARTNERSHIP WITH FINANCIAL INSTITUTIONS AND OTHER PARTNERS AND ALSO ORIGINATES OR SERVICES A VARIETY OF DOWN-PAYMENT AND SPECIAL PROGRAMS, EITHER FROM ITS OWN FUNDS, BROKERED THROUGH BANK LENDING PARTNERS, OR AS THE ADMINISTRATOR ON BEHALF OF GOVERNMENT OR NONPROFIT ENTITIES. THE LOAN ASSETS OF SPRINGBOARD CDFI WERE ORIGINATED UNDER THE FOLLOWING PROGRAM: CALHOME: CALHOME LOAN FUNDS ALLOW FIRST-TIME HOMEBUYERS EARNING LESS THAN 80% OF AREA MEDIAN INCOME TO OBTAIN FULLY DEFERRED DOWN-PAYMENT LOANS AT 3% INTEREST. REPAYMENT OF THESE LOANS IS DEFERRED UNTIL THE SALE OR REFINANCING OF THE PROPERTY.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since April 1982.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.