Form 990 for tax year 2024

1e · Government grants (contributions)

$5,491,517

1f · All other contributions, gifts and grants

$1,556,380

2a · Program service revenue: LOAN INTEREST

total $2,214,837 · related or exempt $2,214,837

2b · Program service revenue: PROGRAM FEES

total $652,513 · related or exempt $652,513

2c · Program service revenue: LOAN FEES

total $272,658 · related or exempt $272,658

3 · Investment income

total $633,806 · excluded $633,806

7a · Gross sales of assets other than inventory

other assets $200,161

7b · Less cost or other basis and sales expenses

other assets $223,455

7c · Gain or loss

other assets -$23,294

7d · Net gain or loss

total -$23,294 · related or exempt -$23,294

2 · Grants to domestic individuals

total $711,930 · program services $711,930

5 · Compensation of officers, directors and key employees

total $651,534 · program services $564,355 · management and general $87,179

7 · Other salaries and wages

total $1,930,923 · program services $1,516,930 · management and general $413,993

8 · Pension plan contributions

total $131,758 · program services $114,123 · management and general $17,635

9 · Other employee benefits

total $388,910 · program services $336,856 · management and general $52,054

10 · Payroll taxes

total $200,432 · program services $173,605 · management and general $26,827

11b · Fees: legal

total $78,921 · program services $78,921

11c · Fees: accounting

total $28,134 · program services $23,885 · management and general $4,249

11g · Fees: other

total $675,504 · program services $556,445 · management and general $119,059

12 · Advertising and promotion

total $48,641 · program services $42,683 · management and general $5,958

13 · Office expenses

total $143,528 · program services $115,709 · management and general $27,819

16 · Occupancy

total $80,860 · program services $75,114 · management and general $5,746

17 · Travel

total $219,374 · program services $122,036 · management and general $97,338

19 · Conferences, conventions and meetings

total $87,997 · program services $60,662 · management and general $27,335

20 · Interest

total $348,744 · program services $348,744

23 · Insurance

total $24,450 · program services $23,789 · management and general $661

24a · Other expenses: BANK FEES

total $49,951 · program services $21,264 · management and general $28,687

24b · Other expenses: MEMBERSHIP FEES/DUES

total $44,889 · program services $10,902 · management and general $33,987

24c · Other expenses: FEES AND LICENSES

total $37,193 · program services $36,902 · management and general $291

24d · Other expenses: LOAN CLOSING FEES

total $35,014 · program services $35,014

24e · All other expenses

total $74,693 · program services $62,116 · management and general $12,577

1 · Cash, non-interest-bearing

beginning of year $7,370,521 · end of year $540,993

2 · Savings and temporary cash investments

beginning of year $12,270,895 · end of year $17,315,332

3 · Pledges and grants receivable

beginning of year $279,835 · end of year $138,701

4 · Accounts receivable

beginning of year $35,000 · end of year $22,500

5 · Loans and receivables from officers and key people

beginning of year $65,873 · end of year $473,998

7 · Other notes and loans receivable

beginning of year $23,613,616 · end of year $26,157,037

9 · Prepaid expenses and deferred charges

beginning of year $43,762 · end of year $58,759

15 · Other assets

beginning of year $1,211,574 · end of year $1,879,443

17 · Accounts payable and accrued expenses

beginning of year $448,384 · end of year $371,744

19 · Deferred revenue

beginning of year $8,261,396 · end of year $5,962,929

23 · Secured mortgages and notes payable

beginning of year $9,273,909 · end of year $7,774,678

24 · Unsecured notes and loans payable

beginning of year $10,742,763 · end of year $12,200,816

25 · Other liabilities

beginning of year $443,110 · end of year $403,023

27 · Net assets without donor restrictions

beginning of year $15,721,514 · end of year $19,873,573