Totals
- Total revenue
- $168,905
- Total expenses
- $384,826
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $169,794
- Investment income
- -$1,727
- Other revenue
- $838
- Total assets, end of year
- $9,349,739
- Total liabilities, end of year
- $700,952
- Net assets or fund balances, end of year
- $8,648,787
- Program services expenses (Part IX)
- $102,115
- Management and general expenses
- $282,711
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $102,115
Program services were 26.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: LOAN INTEREST
total $134,342 · related or exempt $134,342
-
2b · Program service revenue: LOAN AND BROKER FEES
total $35,452 · related or exempt $35,452
-
3 · Investment income
total $77 · excluded $77
-
7b · Less cost or other basis and sales expenses
other assets $1,804
-
7c · Gain or loss
other assets -$1,804
-
7d · Net gain or loss
total -$1,804 · related or exempt -$1,804
-
11a · Other revenue: MISCELLANEOUS INCOME
total $838 · related or exempt $838
-
11e · Other revenue, total
$838
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $116,433 · program services $15,217 · management and general $101,216
-
7 · Other salaries and wages
total $39,957 · program services $24,740 · management and general $15,217
-
9 · Other employee benefits
total $31,152 · program services $11,178 · management and general $19,974
-
10 · Payroll taxes
total $9,747 · program services $2,706 · management and general $7,041
-
11a · Fees: management
total $38,621 · management and general $38,621
-
11b · Fees: legal
total $925 · management and general $925
-
11c · Fees: accounting
total $19,675 · management and general $19,675
-
11g · Fees: other
total $878 · program services $878
-
13 · Office expenses
total $1,208 · program services $227 · management and general $981
-
14 · Information technology
total $10,036 · program services $1,035 · management and general $9,001
-
20 · Interest
total $9,798 · management and general $9,798
-
22 · Depreciation, depletion and amortization
total $2,219 · management and general $2,219
-
23 · Insurance
total $55,461 · program services $17,411 · management and general $38,050
-
24a · Other expenses: TAXES AND LICENSES
total $26,602 · program services $22,833 · management and general $3,769
-
24b · Other expenses: TELEPHONE AND INTERNET
total $5,280 · program services $45 · management and general $5,235
-
24c · Other expenses: BUSINESS DEVELOPMENT
total $3,746 · program services $500 · management and general $3,246
-
24d · Other expenses: CLEANING AND MAINTENANC
total $3,311 · management and general $3,311
-
24e · All other expenses
total $9,777 · program services $5,345 · management and general $4,432
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,022,293 · end of year $3,525,650
-
4 · Accounts receivable
end of year $10,410
-
7 · Other notes and loans receivable
beginning of year $6,507,095 · end of year $5,786,778
-
9 · Prepaid expenses and deferred charges
beginning of year $38,372 · end of year $26,665
-
10a · Land, buildings and equipment: cost or other basis
$19,681
-
10b · Land, buildings and equipment: accumulated depreciation
$19,445
-
10c · Land, buildings and equipment, net
beginning of year $4,259 · end of year $236
-
17 · Accounts payable and accrued expenses
beginning of year $83,105 · end of year $82,126
-
25 · Other liabilities
beginning of year $624,206 · end of year $618,826
-
27 · Net assets without donor restrictions
beginning of year -$472,735 · end of year -$166,065
-
28 · Net assets with donor restrictions
beginning of year $9,337,443 · end of year $8,814,852
Mission and programs · 2022
Mission
SEE SCHEDULE O
Activities or mission (Part I)
BRIDGING THE WEALTH GAP IN AMERICA BY PROVIDING SCALED SOLUTIONS AND ACCESS TO CAPITAL; WITH A FOCUS ON FIRST-TIME HOMEBUYERS, PEOPLE OF COLOR, AND RURAL COMMUNITIES.
-
SEE SCHEDULE O
Expenses $102,115 · Revenue $168,828
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Curtis ParadzickCURTIS PARADZICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Todd EmersonTODD EMERSON
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Denis GitschierDENIS GITSCHIER
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Steven ClarkSTEVEN CLARK
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Angelique CapalboANGELIQUE CAPALBO
PRESIDENT
- Total calculated
- $102,400
- From this org
- $94,890
- From related orgs
- $0
- Other
- $7,510
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 24 July 2023
- IRS schema version
- 2022v5.0
- Source object
- 202332089349300823
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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