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Nonprofiteer
← ARIZONA CAPITAL SOURCE

Form 990 for tax year 2023

Filed by ARIZONA CAPITAL SOURCE.

Totals

Total revenue
$5,303,479
Total expenses
$4,303,488
Contributions and grants received
$0
Grants paid
$0
Program service revenue
not reported
Investment income
not reported
Other revenue
not reported
Total assets, end of year
not reported
Total liabilities, end of year
not reported
Net assets or fund balances, end of year
not reported
Program services expenses (Part IX)
$3,705,825
Management and general expenses
$597,663
Fundraising expenses
$0
Program service expenses (Part III)
$3,705,825

Program services were 86.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • GARY MOLENDA

    PRESIDENT

    Total calculated
    $295,871
    From this org
    $255,471
    From related orgs
    $0
    Other
    $40,400
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $154,014
    Bonus
    $7,800
    Other
    $93,657
    Deferred
    $11,858
    Nontaxable benefits
    $28,542
    Filer's total
    $295,871

  • ASHLEY HERKO-MAPES

    VP RELATIONSHIP MGR (THRU 9/24)

    Total calculated
    $190,609
    From this org
    $167,463
    From related orgs
    $0
    Other
    $23,146
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $66,553
    Bonus
    $3,793
    Other
    $97,117
    Deferred
    $7,830
    Nontaxable benefits
    $15,316
    Filer's total
    $190,609

  • LORI SIMMONS

    VP RELATIONSHIP MGR

    Total calculated
    $171,763
    From this org
    $155,331
    From related orgs
    $0
    Other
    $16,432
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $89,140
    Bonus
    $3,872
    Other
    $62,319
    Deferred
    $6,520
    Nontaxable benefits
    $9,912
    Filer's total
    $171,763

  • GABRIEL GOMEZ

    EXECUTIVE VP OPERATIONS

    Total calculated
    $194,076
    From this org
    $166,410
    From related orgs
    $0
    Other
    $27,666
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,455
    Bonus
    $7,000
    Other
    $14,955
    Deferred
    $7,817
    Nontaxable benefits
    $19,849
    Filer's total
    $194,076

  • TODD WHISLER

    SR. VP MARKETING (THRU 10/23)

    Total calculated
    $206,991
    From this org
    $176,433
    From related orgs
    $0
    Other
    $30,558
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,859
    Bonus
    $1,750
    Other
    $7,824
    Deferred
    $7,398
    Nontaxable benefits
    $23,160
    Filer's total
    $206,991

  • JENNIFER ROGERS

    VP & CLOSING MGR (THRU 7/24)

    Total calculated
    $137,407
    From this org
    $135,334
    From related orgs
    $0
    Other
    $2,073
    Hours/week
    40

  • BRENT SMITH

    VP & CREDIT MGR

    Total calculated
    $130,735
    From this org
    $119,799
    From related orgs
    $0
    Other
    $10,936
    Hours/week
    40

  • MICHAEL S HAMMOND

    CHAIR

    Total calculated
    $950
    From this org
    $950
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • BENJAMIN DANNER

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • SEAN MURRAY

    SECRETARY

    Total calculated
    $800
    From this org
    $800
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • MARK JEBELIAN

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JENNIFER ALAI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GRANT BELTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • EVELYN CASUGA

    DIRECTOR

    Total calculated
    $800
    From this org
    $800
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • KENDALL BERT

    DIRECTOR

    Total calculated
    $1,100
    From this org
    $1,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • GILBERT DAVIDSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JEFFREY HAYS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NICK HUDEC

    DIRECTOR

    Total calculated
    $650
    From this org
    $650
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • JOHN MOOTHART

    DIRECTOR

    Total calculated
    $1,100
    From this org
    $1,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • LAURIE SANDAU

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JUDY SCALISE

    DIRECTOR

    Total calculated
    $1,100
    From this org
    $1,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • DAVID WELSH

    DIRECTOR

    Total calculated
    $800
    From this org
    $800
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • MICHAEL WETNIGHT

    DIRECTOR

    Total calculated
    $650
    From this org
    $650
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

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

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 5a · Pay contingent on this organization's revenues
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 5
PRESIDENT AND BUSINESS DEVELOPMENT OFFICER COMMISSION SCHEDULE IS BASED ON CERTAIN REVENUES.
PART I, LINE 7
COMMISSIONS FOR THE PRESIDENT AND BUSINESS DEVELOPMENT OFFICERS (VARIABLE COMPENSATION PLAN) AND BONUSES FOR ALL EMPLOYEES EXCEPT THE PRESIDENT.

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.

  • GROWTH PARTNERS ARIZONA

    501(C)(3) · LOANS AND TECHNICAL ASSISTANCE TO NONPROFITS AND SMALL BUSINESSES · AZ

    Directly controlled by ARIZONA CAPITAL SOURCE

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • ADVANTAGE HOUSING SERVICES LLC

    CONSULTING FOR NONPROFIT HOUSING PROGRAMS · AZ · income $0 · assets $0

    Directly controlled by ARIZONA CAPITAL SOURCE

  • BDFC ADVISOR SERVICES LLC

    CONSULTING THAT IS NOT FOR HOUSING PROGRAMS OR SBA 504 RELATED · AZ · income $439,325 · assets $228,521

    Directly controlled by ARIZONA CAPITAL SOURCE

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • TUCSON INNOVATION CENTER INC

    C · CONSULTING FOR FOR PROFIT REAL ESTATE DEVELOPMENT · AZ · 100% owned · share of income -$16,179 · share of assets $172,086 · controlled entity

    Directly controlled by ARIZONA CAPITAL SOURCE

Provenance

Return type
form_990
Tax year
2023
Filed
12 August 2025
IRS schema version
2023v6.0
Source object
202502259349300840

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