Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: LOAN SERVICE INCOME

  total $1,676,639 · related or exempt $1,676,639

• 2b · Program service revenue: LOAN SERVICE INTEREST

  total $246,631 · related or exempt $246,631

• 3 · Investment income

  total $104,707 · excluded $104,707

• 11a · Other revenue: OTHER REVENUE

  total $1,600 · related or exempt $1,600

• 11e · Other revenue, total

  $1,600

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $150,000 · program services $150,000

• 5 · Compensation of officers, directors and key employees

  total $479,013 · program services $346,999 · management and general $132,014

• 7 · Other salaries and wages

  total $562,381 · program services $609,685 · management and general -$47,304

• 8 · Pension plan contributions

  total $2,991 · program services $2,692 · management and general $299

• 9 · Other employee benefits

  total $219,388 · program services $210,572 · management and general $8,816

• 10 · Payroll taxes

  total $65,111 · program services $58,600 · management and general $6,511

• 11b · Fees: legal

  total $3,084 · program services $2,776 · management and general $308

• 11c · Fees: accounting

  total $24,183 · program services $21,764 · management and general $2,419

• 12 · Advertising and promotion

  total $46,557 · program services $46,557

• 13 · Office expenses

  total $39,392 · program services $31,399 · management and general $7,993

• 14 · Information technology

  total $53,273 · program services $47,946 · management and general $5,327

• 16 · Occupancy

  total $22,274 · program services $20,047 · management and general $2,227

• 17 · Travel

  total $12,361 · program services $11,920 · management and general $441

• 19 · Conferences, conventions and meetings

  total $17,071 · program services $17,071

• 20 · Interest

  total $16,568 · program services $14,911 · management and general $1,657

• 22 · Depreciation, depletion and amortization

  total $47,151 · program services $42,436 · management and general $4,715

• 23 · Insurance

  total $13,039 · program services $11,735 · management and general $1,304

• 24a · Other expenses: LOAN EXPENSES

  total $18,433 · program services $18,433

• 24b · Other expenses: TRAINING AND EDUCATION

  total $17,850 · program services $16,065 · management and general $1,785

• 24c · Other expenses: REPAIRS AND MAINTENANCE

  total $16,978 · program services $15,280 · management and general $1,698

• 24d · Other expenses: DUES AND SUBSCRIPTIONS

  total $5,950 · program services $5,850 · management and general $100

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $473,614 · end of year $446,724

• 2 · Savings and temporary cash investments

  beginning of year $1,994,659 · end of year $2,294,607

• 4 · Accounts receivable

  end of year $10,000

• 9 · Prepaid expenses and deferred charges

  beginning of year $15,571 · end of year $12,908

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

  $1,138,395

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

  $154,269

• 10c · Land, buildings and equipment, net

  beginning of year $1,005,914 · end of year $984,126

• 15 · Other assets

  beginning of year $111,411 · end of year $127,075

• 17 · Accounts payable and accrued expenses

  beginning of year $198,728 · end of year $378,101

• 19 · Deferred revenue

  beginning of year $467,440 · end of year $453,233

• 23 · Secured mortgages and notes payable

  beginning of year $509,141 · end of year $492,347

• 25 · Other liabilities

  beginning of year $207,853 · end of year $137,223

• 27 · Net assets without donor restrictions

  beginning of year $2,218,007 · end of year $2,414,536

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 6A

EMPLOYEES ARE ENTITLED TO BONUSES OF UP TO 25% OF THE ORGANIZATION'S NET EARNINGS BASED ON THE EMPLOYEE'S PERFORMANCE AND NOT BE ON PROBATION.