Totals
- Total revenue
- $77,760,445
- Total expenses
- $66,519,887
- Contributions and grants received
- $0
- Grants paid
- $32,050
- Program service revenue
- $66,185,154
- Investment income
- $6,801,349
- Other revenue
- $4,773,942
- Total assets, end of year
- $1,475,579,183
- Total liabilities, end of year
- $1,328,663,622
- Net assets or fund balances, end of year
- $146,915,561
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- $0
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: INTEREST FROM LOANS
total $44,092,793 · excluded $44,092,793
-
2b · Program service revenue: SERVICING FEES
total $21,320,299 · related or exempt $21,194,410 · unrelated business $125,889
-
2c · Program service revenue: ORIGINATION FEES
total $772,062 · related or exempt $772,062
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $6,836,178 · related or exempt $6,836,178
-
6c · Rental income or loss
real property $0 · personal property $0
-
7a · Gross sales of assets other than inventory
other assets $2,532,754
-
7b · Less cost or other basis and sales expenses
other assets $2,567,583
-
7c · Gain or loss
securities $0 · other assets -$34,829
-
7d · Net gain or loss
total -$34,829 · related or exempt -$34,829
-
11a · Other revenue: CREDIT LIFE & DISABILITY
total $1,449,065 · related or exempt $1,449,065
-
11b · Other revenue: GAP FEES
total $1,332,695 · related or exempt $1,332,695
-
11c · Other revenue: MISC
total $1,545,265 · related or exempt $1,545,265
-
11d · All other revenue
total $446,917 · related or exempt $280,433 · unrelated business $166,484 · excluded $0
-
11e · Other revenue, total
$4,773,942
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $32,050
-
5 · Compensation of officers, directors and key employees
total $2,081,857
-
6 · Compensation of disqualified persons
total $22,831,816
-
8 · Pension plan contributions
total $1,800,725
-
9 · Other employee benefits
total $4,251,551
-
10 · Payroll taxes
total $1,972,427
-
11b · Fees: legal
total $152,894
-
11c · Fees: accounting
total $511,443
-
11g · Fees: other
total $316,896
-
12 · Advertising and promotion
total $1,328,012
-
13 · Office expenses
total $8,464,279
-
14 · Information technology
total $4,919,196
-
16 · Occupancy
total $2,297,174
-
17 · Travel
total $381,088
-
19 · Conferences, conventions and meetings
total $228,611
-
20 · Interest
total $3,935,421
-
22 · Depreciation, depletion and amortization
total $3,547,535
-
23 · Insurance
total $366,721
-
24a · Other expenses: LOAN LOSS
total $2,777,114
-
24b · Other expenses: LOAN SERVICING
total $2,590,644
-
24c · Other expenses: OTHER EXPENSE
total $1,633,874
-
24d · Other expenses: POSTAGE AND SHIPPING
total $98,559
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $15,394,835 · end of year $17,932,010
-
2 · Savings and temporary cash investments
beginning of year $241,180,189 · end of year $108,616,803
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $835,862,164 · end of year $998,289,510
-
9 · Prepaid expenses and deferred charges
beginning of year $1,992,785 · end of year $2,709,495
-
10a · Land, buildings and equipment: cost or other basis
$67,121,442
-
10b · Land, buildings and equipment: accumulated depreciation
$32,502,133
-
10c · Land, buildings and equipment, net
beginning of year $33,316,698 · end of year $34,619,309
-
12 · Investments: other securities
beginning of year $292,783,107 · end of year $261,773,859
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $48,445,125 · end of year $51,638,197
-
17 · Accounts payable and accrued expenses
beginning of year $1,291,745,282 · end of year $1,306,317,304
-
21 · Escrow or custodial account liability
beginning of year $3,072,706 · end of year $3,516,040
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $14,809,315 · end of year $18,830,278
-
31 · Retained earnings, endowment or other funds
beginning of year $159,347,600 · end of year $146,915,561
Mission and programs · 2022
Mission
HELP MEMBERS ACHIEVE THEIR FINANCIAL GOALS BY FOCUSING ON EXCELLENT SERVICE AND VALUE
Activities or mission (Part I)
HELP MEMBERS ACHIEVE THEIR FINANCIAL GOALS BY FOCUSING ON EXCELLENT SERVICE AND VALUE.
-
PROVIDE SERVICES TO ELIGIBLE MEMBERS
As filed on the 2022 return.
Listed in Part VII
-
Andre HortonANDRE HORTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Colin BaxterCOLIN BAXTER
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer BernardJENNIFER BERNARD
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Joe TowsleeJOE TOWSLEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Marietta Ed HallMARIETTA ED HALL
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Steven CavinSTEVEN CAVIN
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Yuliya MitchellYULIYA MITCHELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mark BurgessMARK BURGESS
PRESIDENT/CEO
- Total calculated
- $507,443
- From this org
- $421,156
- From related orgs
- $0
- Other
- $86,287
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $380,656
- Bonus
- $40,500
- Other
- $0
- Deferred
- $83,080
- Nontaxable benefits
- $3,207
- Filer's total
- $507,443
-
Tavish TaylorTAVISH TAYLOR
INTERIM CFO
- Total calculated
- $159,167
- From this org
- $151,207
- From related orgs
- $0
- Other
- $7,960
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $146,207
- Bonus
- $5,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $7,960
- Filer's total
- $159,167
-
Deborah ManfredDEBORAH MANFRED
VP OF REAL ESTATE LENDING
- Total calculated
- $204,347
- From this org
- $154,991
- From related orgs
- $0
- Other
- $49,356
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $129,491
- Bonus
- $25,500
- Other
- $0
- Deferred
- $40,328
- Nontaxable benefits
- $9,028
- Filer's total
- $204,347
-
Rachel GuyselmanRACHEL GUYSELMAN
SVP OF RISK & COMPLIANCE
- Total calculated
- $183,906
- From this org
- $149,439
- From related orgs
- $0
- Other
- $34,467
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $129,439
- Bonus
- $20,000
- Other
- $0
- Deferred
- $14,664
- Nontaxable benefits
- $19,803
- Filer's total
- $183,906
-
Steven GreenbaumSTEVEN GREENBAUM
AVP OF ENTERPRISE SECURITY
- Total calculated
- $218,110
- From this org
- $155,151
- From related orgs
- $0
- Other
- $62,959
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $143,151
- Bonus
- $12,000
- Other
- $0
- Deferred
- $12,533
- Nontaxable benefits
- $50,426
- Filer's total
- $218,110
-
Tyler HasbrouckTYLER HASBROUCK
VP OF REMOTE DELIVERY
- Total calculated
- $206,482
- From this org
- $154,912
- From related orgs
- $0
- Other
- $51,570
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $133,912
- Bonus
- $21,000
- Other
- $0
- Deferred
- $43,587
- Nontaxable benefits
- $7,983
- Filer's total
- $206,482
-
Wendy YowWENDY YOW
SVP OF HUMAN RESOURCES
- Total calculated
- $241,824
- From this org
- $164,295
- From related orgs
- $0
- Other
- $77,529
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $138,795
- Bonus
- $25,500
- Other
- $0
- Deferred
- $47,329
- Nontaxable benefits
- $30,200
- Filer's total
- $241,824
-
Charles BostickCHARLES BOSTICK
CFO
- Total calculated
- $375,589
- From this org
- $363,026
- From related orgs
- $0
- Other
- $12,563
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $322,526
- Bonus
- $40,500
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $12,563
- Filer's total
- $375,589
-
James WilemanJAMES WILEMAN
PRESIDENT/CEO
- Total calculated
- $767,848
- From this org
- $761,922
- From related orgs
- $0
- Other
- $5,926
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $148,749
- Bonus
- $1,500
- Other
- $611,673
- Deferred
- $5,289
- Nontaxable benefits
- $637
- Filer's total
- $767,848
-
Rachel LangtryRACHEL LANGTRY
COO
- Total calculated
- $331,310
- From this org
- $320,371
- From related orgs
- $0
- Other
- $10,939
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $279,871
- Bonus
- $40,500
- Other
- $0
- Deferred
- $10,675
- Nontaxable benefits
- $264
- Filer's total
- $331,310
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · First-class or charter travel
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- Schedule J, Part I, Line 1a First-class or charter travel
- FIRST CLASS TRAVEL FOR THE CEO AND BOARD CONSULTANT IS AUTHORIZED WHEN TRAVELING OUTSIDE OF THE STATE FOR BUSINESS PURPOSES. ONE FIRST CLASS TICKET PER YEAR IS AUTHORIZED FOR ALL BOARD MEMBERS AND THE SUPERVISORY COMMITTEE CHAIRMAN WHEN TRAVELING OUT OF STATE TO ATTEND TRAINING OR A CONFERENCE.
- Schedule J, Part I, Line 4a Severance or change-of-control payment
- JAMES WILEMAN RECEIVED $611,673 OF SEVERANCE PAY IN MARCH 2022.
- Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
- SENIOR LEVEL MANAGERS ARE ELIGIBLE FOR A 457(F) NONQUALIFIED COMPENSATION PLAN AND RECEIVE PERIODIC PAYMENTS UNTIL RETIREMENT. THE ANNUAL BENEFIT ACCRUALS ARE INCLUDED IN COLUMN C OF SCHEDULE J. THE FOLLOWING PAYMENTS WERE MADE DURING THE YEAR: RACHEL LANGTRY: $80,000 AUGUST 2022
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 3 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202302769349301625
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