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Nonprofiteer
← FINANTA COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by FINANTA COMMUNITY DEVELOPMENT CORPORATION.

Totals

Total revenue
$1,464,918
Total expenses
$1,765,217
Contributions and grants received
$117,372
Grants paid
$0
Program service revenue
$651,165
Investment income
$696,381
Other revenue
$0
Total assets, end of year
$26,157,089
Total liabilities, end of year
$13,674,484
Net assets or fund balances, end of year
$12,482,605
Program services expenses (Part IX)
$1,444,668
Management and general expenses
$220,809
Fundraising expenses
$99,740
Program service expenses (Part III)
$1,444,668

Program services were 81.8% 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.

  • 1e · Government grants (contributions)

    $56,622

  • 1f · All other contributions, gifts and grants

    $60,750

  • 2a · Program service revenue: INTEREST INCOME

    total $550,289 · related or exempt $550,289

  • 2b · Program service revenue: MISCELLANEOUS

    total $53,948 · related or exempt $53,948

  • 2c · Program service revenue: LOAN AND SERVICE FEES

    total $46,928 · related or exempt $46,928

  • 3 · Investment income

    total $696,381 · related or exempt $696,381

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $783,445 · program services $641,178 · management and general $86,937 · fundraising $55,330

  • 9 · Other employee benefits

    total $151,533 · program services $124,016 · management and general $7,892 · fundraising $19,625

  • 10 · Payroll taxes

    total $59,679 · program services $48,842 · management and general $7,465 · fundraising $3,372

  • 11b · Fees: legal

    total $296 · program services $296

  • 11g · Fees: other

    total $120,513 · program services $98,575 · management and general $21,938

  • 12 · Advertising and promotion

    total $3,000 · program services $2,455 · management and general $375 · fundraising $170

  • 13 · Office expenses

    total $11,995 · program services $8,497 · management and general $1,501 · fundraising $1,997

  • 16 · Occupancy

    total $185,175 · program services $151,549 · management and general $23,163 · fundraising $10,463

  • 17 · Travel

    total $30,904 · program services $25,292 · management and general $3,866 · fundraising $1,746

  • 19 · Conferences, conventions and meetings

    total $1,961 · program services $1,605 · management and general $245 · fundraising $111

  • 20 · Interest

    total $62,939 · management and general $62,939

  • 22 · Depreciation, depletion and amortization

    total $31,582 · program services $20,948 · management and general $3,951 · fundraising $6,683

  • 23 · Insurance

    total $1,012 · program services $829 · management and general $126 · fundraising $57

  • 24a · Other expenses: GRANTS TO OTHERS

    total $350,000 · program services $350,000

  • 24b · Other expenses: MISCELLANEOUS

    total $21,848 · program services $21,848

  • 24c · Other expenses: BANK FEES

    total $3,878 · program services $3,878

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $3,290 · program services $2,693 · management and general $411 · fundraising $186

  • 24e · All other expenses

    total -$57,833 · program services -$57,833

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $15,440,639 · end of year $10,184,140

  • 3 · Pledges and grants receivable

    beginning of year $294,215

  • 4 · Accounts receivable

    beginning of year $411,679 · end of year $6,446

  • 7 · Other notes and loans receivable

    beginning of year $15,210,369 · end of year $13,457,669

  • 9 · Prepaid expenses and deferred charges

    end of year $10,281

  • 10a · Land, buildings and equipment: cost or other basis

    $2,212,228

  • 10b · Land, buildings and equipment: accumulated depreciation

    $595,169

  • 10c · Land, buildings and equipment, net

    beginning of year $1,648,291 · end of year $1,617,059

  • 11 · Investments: publicly traded securities

    beginning of year $838,706 · end of year $881,494

  • 17 · Accounts payable and accrued expenses

    beginning of year $54,297 · end of year $125,986

  • 19 · Deferred revenue

    beginning of year $310,117 · end of year $21,020

  • 23 · Secured mortgages and notes payable

    beginning of year $3,703,795 · end of year $3,339,294

  • 25 · Other liabilities

    beginning of year $8,162,669 · end of year $10,188,184

  • 27 · Net assets without donor restrictions

    beginning of year $16,870,465 · end of year $9,112,105

  • 28 · Net assets with donor restrictions

    beginning of year $4,742,556 · end of year $3,370,500

Mission and programs · 2023

Mission

A NON-PROFIT LENDING INSTITUTION FACILITATING ACCESS TO CAPITAL AND CONSULTATION SERVICES TO ENTREPRENEURS, FIRST-TIME HOMEBUYERS, AND CONSUMERS IN THE DELAWARE VALLEY REGION.

Activities or mission (Part I)

A LENDING INSTITUTION FACILITATING ACCESS TO CAPITAL AND CONSULTATION SERVICES.

  • TECHNICAL ASSISTANCE AND LOAN PRODUCTS FOR ENTREPRENEURS, START-UP AND SMALL BUSINESSES, FIRST-TIME CONSUMER AND HOMEBUYER BORROWERS, AND LOCAL AFFORDABLE REAL ESTATE DEVELOPERS. SUCH PRODUCTS ARE SUPPORTED WITH CREDIT BUILDING AND FINANCIAL COACHING, BUSINESS TRAINING, AND INCUBATING SPACE.

    Expenses $1,444,668 · Revenue $1,347,546

As filed on the 2023 return.

Listed in Part VII

  • Dan Betancourt

    PRESIDENT &

    Total calculated
    $391,275
    From this org
    $0
    From related orgs
    $363,943
    Other
    $27,332
    Hours/week
    1 + 60 related

    Schedule J breakdown matched by us

    Base
    not reported + $363,943 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $13,500 related
    Nontaxable benefits
    not reported + $13,832 related
    Filer's total
    not reported + $391,275 related

  • Joan Broadhead

    CHIEF STRATE

    Total calculated
    $239,208
    From this org
    $0
    From related orgs
    $206,704
    Other
    $32,504
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    not reported + $206,704 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $2,036 related
    Nontaxable benefits
    not reported + $30,468 related
    Filer's total
    not reported + $239,208 related

  • James Buerger

    LENDER

    Total calculated
    $181,149
    From this org
    $0
    From related orgs
    $158,342
    Other
    $22,807
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    not reported + $158,342 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $7,871 related
    Nontaxable benefits
    not reported + $14,936 related
    Filer's total
    not reported + $181,149 related

  • Lloyd Shields

    INTERIM CFO

    Total calculated
    $164,223
    From this org
    $0
    From related orgs
    $164,223
    Other
    $0
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    not reported + $164,223 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $164,223 related

  • Anthony Pappion

    CFO

    Total calculated
    $71,818
    From this org
    $0
    From related orgs
    $58,794
    Other
    $13,024
    Hours/week
    1 + 45 related

  • Elizabeth Bennett

    CFO

    Total calculated
    $9,176
    From this org
    $0
    From related orgs
    $9,176
    Other
    $0
    Hours/week
    1 + 45 related

  • Lenin Agudo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jonathan Bowser

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Marilyn Brown

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Natalia Dominguez Buckley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Rev Dr Gregory J Edwards

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Samuel T Cooper Esq

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Carlos Lopez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Lawrence McComie

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • R Eric Menzer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Robert Torres

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
19 May 2025
IRS schema version
2023v6.0
Source object
202531399349300433

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