Form 990 for tax year 2022

1e · Government grants (contributions)

$4,256,090

1f · All other contributions, gifts and grants

$26,407

2a · Program service revenue: LENDING SERVICE & PROC

total $1,740,472 · related or exempt $1,740,472

2b · Program service revenue: RENTAL INCOME

total $330,000 · related or exempt $330,000

2c · Program service revenue: ECONOMIC DEVELOPMENT

total $122,067 · related or exempt $122,067

3 · Investment income

total $60,897 · excluded $60,897

11a · Other revenue: BAD DEBT RECOVERY

total $3,000 · related or exempt $3,000

11e · Other revenue, total

$3,000

1 · Grants to domestic organizations and governments

total $2,866,492 · program services $2,866,492

5 · Compensation of officers, directors and key employees

total $1,119,282 · program services $906,057 · management and general $213,225

7 · Other salaries and wages

total $1,037,149 · program services $972,321 · management and general $64,828

8 · Pension plan contributions

total $51,376 · program services $48,031 · management and general $3,345

9 · Other employee benefits

total $89,658 · program services $89,658

10 · Payroll taxes

total $122,516 · program services $106,460 · management and general $16,056

11b · Fees: legal

total $27,472 · program services $25,087 · management and general $2,385

11c · Fees: accounting

total $28,259 · program services $26,852 · management and general $1,407

11g · Fees: other

total $189,755 · program services $135,704 · management and general $54,051

12 · Advertising and promotion

total $121,233 · program services $26,113 · management and general $95,120

13 · Office expenses

total $25,208 · program services $6,827 · management and general $18,381

16 · Occupancy

total $393,762 · program services $39 · management and general $393,723

17 · Travel

total $63,516 · program services $52,912 · management and general $10,604

20 · Interest

total $18,450 · program services $6,104 · management and general $12,346

22 · Depreciation, depletion and amortization

total $133,788 · management and general $133,788

23 · Insurance

total $33,469 · management and general $33,469

24a · Other expenses: DUES AND SUBSCRIPTIONS

total $20,601 · program services $15,850 · management and general $4,751

24b · Other expenses: LENDING SERVICE EXPENSE

total $13,222 · program services $13,222

24c · Other expenses: RECRUITING

total $3,454 · program services $3,454

2 · Savings and temporary cash investments

beginning of year $3,058,169 · end of year $3,148,099

4 · Accounts receivable

beginning of year $381,140 · end of year $571,231

7 · Other notes and loans receivable

beginning of year $436,295 · end of year $368,471

9 · Prepaid expenses and deferred charges

beginning of year $21,080 · end of year $7,483

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

$6,771,879

10b · Land, buildings and equipment: accumulated depreciation

$5,056,304

10c · Land, buildings and equipment, net

beginning of year $1,513,053 · end of year $1,715,575

12 · Investments: other securities

beginning of year $115,257 · end of year $113,264

17 · Accounts payable and accrued expenses

beginning of year $516,591 · end of year $580,248

19 · Deferred revenue

beginning of year $9,000 · end of year $29,450

24 · Unsecured notes and loans payable

beginning of year $1,101,688 · end of year $1,264,371

25 · Other liabilities

beginning of year $217,343 · end of year $191,404

27 · Net assets without donor restrictions

beginning of year $3,680,372 · end of year $3,821,965

28 · Net assets with donor restrictions

end of year $36,685