Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: LOAN INTEREST

  total $36,228,301 · related or exempt $36,228,301

• 2b · Program service revenue: FEE AND OTHER INCOME

  total $13,837,650 · related or exempt $13,837,650

• 3 · Investment income

  total $1,532,558 · excluded $1,532,558

• 6a · Gross rents

  real property $171,599

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $171,599

• 6d · Net rental income or loss

  total $171,599 · related or exempt $171,599

• 11a · Other revenue: NON-OPERATING INCOME

  total $876,282 · related or exempt $876,282

• 11b · Other revenue: FINANCE AND INSURANCE

  total $64,903 · unrelated business $64,903

• 11e · Other revenue, total

  $941,185

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $2,804,877

• 7 · Other salaries and wages

  total $11,071,661

• 9 · Other employee benefits

  total $3,214,378

• 10 · Payroll taxes

  total $969,673

• 11b · Fees: legal

  total $56,336

• 11c · Fees: accounting

  total $169,199

• 11g · Fees: other

  total $666,438

• 12 · Advertising and promotion

  total $2,291,528

• 13 · Office expenses

  total $995,957

• 14 · Information technology

  total $996,777

• 16 · Occupancy

  total $1,985,990

• 17 · Travel

  total $57,778

• 19 · Conferences, conventions and meetings

  total $135,133

• 20 · Interest

  total $3,629,341

• 22 · Depreciation, depletion and amortization

  total $2,598,989

• 23 · Insurance

  total $169,245

• 24a · Other expenses: PROVISION FOR LOAN LOSS

  total $3,308,522

• 24b · Other expenses: VISA EXPENSE

  total $2,916,014

• 24c · Other expenses: LOAN SERVICING

  total $2,105,614

• 24d · Other expenses: MAINTENANCE

  total $1,668,573

• 24e · All other expenses

  total $2,481,584

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $7,217,286 · end of year $9,395,497

• 2 · Savings and temporary cash investments

  beginning of year $62,906,791 · end of year $17,950,360

• 4 · Accounts receivable

  beginning of year $9,166,044 · end of year $4,941,850

• 7 · Other notes and loans receivable

  beginning of year $905,465,167 · end of year $1,057,771,812

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,027,457 · end of year $1,781,575

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

  $72,455,343

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

  $22,160,343

• 10c · Land, buildings and equipment, net

  beginning of year $52,675,547 · end of year $50,295,000

• 11 · Investments: publicly traded securities

  beginning of year $264,017,087 · end of year $186,881,959

• 12 · Investments: other securities

  beginning of year $3,771,738 · end of year $7,123,625

• 14 · Intangible assets

  beginning of year $6,773

• 15 · Other assets

  beginning of year $16,551,917 · end of year $25,292,986

• 17 · Accounts payable and accrued expenses

  beginning of year $14,964,849 · end of year $18,337,652

• 23 · Secured mortgages and notes payable

  beginning of year $62,806,824 · end of year $88,806,824

• 25 · Other liabilities

  beginning of year $1,140,425,449 · end of year $1,151,320,348

• 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 $105,608,685 · end of year $102,969,840

The filer's explanations (Part III)

PART I, LINE 4B

CERTAIN EXECUTIVES PARTICIPATE IN A NONQUALIFIED 457(B) RETIREMENT PLAN. BELOW ARE THE PARTICIPANTS AND THE CONTRIBUTIONS EACH OF THEM MADE TO THEIR 457(B) PLAN DURING 2022. XIANG WU: $1,228 TOMAS KUSLIKIS: $5,979 TIFFANY FORD: $13,376