Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: INTEREST INCOME ON LOANS TO MEMBE

  total $13,078,280 · related or exempt $13,078,280

• 3 · Investment income

  total $950,993 · excluded $950,993

• 7a · Gross sales of assets other than inventory

  other assets $806,850

• 7b · Less cost or other basis and sales expenses

  other assets $592,643

• 7c · Gain or loss

  other assets $214,207

• 7d · Net gain or loss

  total $214,207 · related or exempt $214,207

• 11a · Other revenue: VISA CHECK FEES

  total $1,482,441 · related or exempt $1,482,441

• 11b · Other revenue: NSF AND ODP FEES

  total $1,326,313 · related or exempt $1,326,313

• 11c · Other revenue: NON-INTEREST INCOME

  total $414,924 · related or exempt $414,924

• 11d · All other revenue

  total $105,208 · related or exempt $91,600 · unrelated business $13,608

• 11e · Other revenue, total

  $3,328,886

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $119,746

• 5 · Compensation of officers, directors and key employees

  total $1,164,213

• 7 · Other salaries and wages

  total $2,874,046

• 8 · Pension plan contributions

  total $33,757

• 9 · Other employee benefits

  total $363,815

• 10 · Payroll taxes

  total $301,024

• 11b · Fees: legal

  total $65,232

• 11c · Fees: accounting

  total $67,343

• 11g · Fees: other

  total $235,370

• 12 · Advertising and promotion

  total $403,783

• 13 · Office expenses

  total $451,180

• 16 · Occupancy

  total $577,658

• 17 · Travel

  total $197,074

• 20 · Interest

  total $4,745,204

• 22 · Depreciation, depletion and amortization

  total $483,715

• 23 · Insurance

  total $95,505

• 24a · Other expenses: OTHER EXPENSES

  total $1,640,350

• 24b · Other expenses: PROCESSING FEES

  total $1,061,777

• 24c · Other expenses: PROVISION FOR LOAN AND

  total $900,165

• 24d · Other expenses: DEBIT CARD OPERATIONS

  total $728,825

• 24e · All other expenses

  total $495,569

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,767,089 · end of year $1,187,783

• 2 · Savings and temporary cash investments

  beginning of year $9,894,539 · end of year $16,474,628

• 5 · Loans and receivables from officers and key people

  beginning of year $745,741 · end of year $888,807

• 7 · Other notes and loans receivable

  beginning of year $225,463,038 · end of year $214,903,403

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,191,590 · end of year $1,101,424

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

  $20,400,976

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

  $5,521,257

• 10c · Land, buildings and equipment, net

  beginning of year $6,449,554 · end of year $14,879,719

• 13 · Investments: program-related

  beginning of year $16,950,058 · end of year $16,458,704

• 14 · Intangible assets

  beginning of year $1,246,540 · end of year $1,216,040

• 15 · Other assets

  beginning of year $10,924,416 · end of year $4,387,857

• 17 · Accounts payable and accrued expenses

  beginning of year $1,550,407 · end of year $1,729,603

• 21 · Escrow or custodial account liability

  beginning of year $265,972 · end of year $84,742

• 23 · Secured mortgages and notes payable

  beginning of year $33,256,000 · end of year $19,600,000

• 25 · Other liabilities

  beginning of year $218,353,921 · end of year $228,263,354

• 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 $2,207,162 · end of year $2,207,162

• 31 · Retained earnings, endowment or other funds

  beginning of year $18,999,103 · end of year $19,613,504

The filer's explanations (Part III)

PART I, LINE 4B

REBECCA STONE - $81,081