Form 990 for tax year 2022

1f · All other contributions, gifts and grants

$31,666

2a · Program service revenue: INTEREST ON LOANS

total $122,358 · related or exempt $122,358

2b · Program service revenue: PROCESSING FEES

total $1,000 · related or exempt $1,000

3 · Investment income

total $35,589 · excluded $35,589

11a · Other revenue: BAD DEBT RECOVERY

total $218,954 · related or exempt $218,954

11b · Other revenue: MGMT CONTRACT/OTHER

total $90,000 · related or exempt $90,000

11c · Other revenue: OTHER REVENUE

total $1,643 · related or exempt $1,643

11e · Other revenue, total

$310,597

5 · Compensation of officers, directors and key employees

total $144,348 · management and general $144,348

7 · Other salaries and wages

total $84,340 · management and general $84,340

9 · Other employee benefits

total $17,484 · management and general $17,484

10 · Payroll taxes

total $17,255 · management and general $17,255

11b · Fees: legal

total $6,358 · program services $5,091 · management and general $1,267

11c · Fees: accounting

total $36,400 · program services $33,900 · management and general $2,500

13 · Office expenses

total $29,212 · program services $610 · management and general $28,602

16 · Occupancy

total $35,859 · management and general $35,859

20 · Interest

total $34,117 · program services $34,117

22 · Depreciation, depletion and amortization

total $681 · management and general $681

23 · Insurance

total $20,609 · program services $13,707 · management and general $6,902

24a · Other expenses: LOAN SERVICE FEES

total $4,208 · program services $4,208

24b · Other expenses: GRANT EXPENSE

total $1,500 · management and general $1,500

24c · Other expenses: COST ALLOCATION

program services $218,936 · management and general -$218,936

24d · Other expenses: PROVISION FOR LOAN LOSSES

total -$7,365 · program services -$4,365 · management and general -$3,000

1 · Cash, non-interest-bearing

beginning of year $2,004,702 · end of year $1,089,001

2 · Savings and temporary cash investments

beginning of year $1,655,269 · end of year $2,991,786

7 · Other notes and loans receivable

beginning of year $2,517,373 · end of year $2,856,396

9 · Prepaid expenses and deferred charges

beginning of year $13,131 · end of year $30,725

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

$20,059

10b · Land, buildings and equipment: accumulated depreciation

$19,719

10c · Land, buildings and equipment, net

beginning of year $1,021 · end of year $340

15 · Other assets

beginning of year $111,353 · end of year $162,034

17 · Accounts payable and accrued expenses

beginning of year $71,154 · end of year $61,040

19 · Deferred revenue

beginning of year $60,359 · end of year $48,694

23 · Secured mortgages and notes payable

beginning of year $711,564 · end of year $711,603

25 · Other liabilities

end of year $119,720

27 · Net assets without donor restrictions

beginning of year $259,266 · end of year $874,301

28 · Net assets with donor restrictions

beginning of year $5,200,506 · end of year $5,314,924