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Nonprofiteer
← Holy Redeemer Community Credit Union

Form 990 for tax year 2023

Filed by Holy Redeemer Community Credit Union.

Totals

Total revenue
$24,030
Total expenses
$9,630
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$3,788
Investment income
$20,242
Other revenue
$0
Total assets, end of year
$767,024
Total liabilities, end of year
$580,006
Net assets or fund balances, end of year
$187,018
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$0

Program services were 0.0% 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.

  • 2a · Program service revenue: Program Services

    total $2,877 · related or exempt $2,877 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Program Services - Members Fees

    total $911 · related or exempt $911 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $20,242 · related or exempt $20,242 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $1,410

  • 12 · Advertising and promotion

    total $212

  • 13 · Office expenses

    total $2,938

  • 22 · Depreciation, depletion and amortization

    total $2,222

  • 24a · Other expenses: Dividends to members

    total $628

  • 24b · Other expenses: Operating and exam fees

    total $2,220

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,340 · end of year $10,200

  • 2 · Savings and temporary cash investments

    beginning of year $513,357 · end of year $705,667

  • 7 · Other notes and loans receivable

    beginning of year $61,914 · end of year $34,250

  • 9 · Prepaid expenses and deferred charges

    beginning of year $570 · end of year $2,549

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

    $22,618

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

    $22,618

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $5,892 · end of year $14,358

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,751 · end of year $5,665

  • 18 · Grants payable

    beginning of year $5,000

  • 25 · Other liabilities

    beginning of year $401,704 · end of year $574,341

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $172,618 · end of year $187,018

Mission and programs · 2023

Activities or mission (Part I)

encourage thrift among its members for the purpose of promoting savings. Creating a source of credit at a fair and reasonable rate of interest. providing an opportunity for each of its members to improve their respective economic and social conditions. Creating a unique financial institution that is democratically owned and controlled not for profit, but organized by a group of people who share a common bond. Providing services to low-moderate income.

  • We funded 3 loans during 2023. As of 12/31/23 we had 11 consumer loans

  • We have deposit, transactions and investment accounts with 260 members at 12/3123

As filed on the 2023 return.

Listed in Part VII

  • Tiffany Batton

    Director

    Total calculated
    $0
    Hours/week
    3

  • Latonia Owens-Green

    Director

    Total calculated
    $0
    Hours/week
    3

  • Micheala Blake

    Director

    Total calculated
    $0
    Hours/week
    3

  • Sheryle Cunningham

    Director

    Total calculated
    $0
    Hours/week
    3

  • Calvin Scott

    Chairman

    Total calculated
    $0
    Hours/week
    3

  • John Daniels III

    Vice Chairman

    Total calculated
    $0
    Hours/week
    3

  • Sheila Robinson

    Secretary

    Total calculated
    $0
    Hours/week
    3

  • Lisa Neal

    President CEO Compliance

    Total calculated
    $0
    Hours/week
    20

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2024
IRS schema version
2023v5.0
Source object
202401369349318640

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