Form 990 for tax year 2024

1b · Membership dues

$15,000

1e · Government grants (contributions)

$112,332

1f · All other contributions, gifts and grants

$36,000

2a · Program service revenue: LOAN SERVICING FEES

total $1,387,258 · related or exempt $1,387,258

2b · Program service revenue: LOAN FACILIATION FEES

total $1,092,660 · related or exempt $1,092,660

2c · Program service revenue: INTEREST - LOANS

total $521,764 · related or exempt $521,764

3 · Investment income

total $679,260 · excluded $679,260

5 · Compensation of officers, directors and key employees

total $342,001 · program services $258,642 · management and general $59,811 · fundraising $23,548

7 · Other salaries and wages

total $1,314,407 · program services $994,036 · management and general $229,871 · fundraising $90,500

8 · Pension plan contributions

total $379,924 · program services $287,322 · management and general $66,443 · fundraising $26,159

10 · Payroll taxes

total $98,655 · program services $74,609 · management and general $17,253 · fundraising $6,793

11b · Fees: legal

total $11,683 · program services $10,515 · management and general $1,168

11c · Fees: accounting

total $54,000 · program services $48,600 · management and general $5,400

12 · Advertising and promotion

total $500 · program services $479 · management and general $21

13 · Office expenses

total $139,813 · program services $125,832 · management and general $13,981

14 · Information technology

total $74,363 · program services $66,926 · management and general $7,437

16 · Occupancy

total $77,852 · program services $70,067 · management and general $7,785

17 · Travel

total $158,437 · program services $142,594 · management and general $15,843

19 · Conferences, conventions and meetings

total $46,804 · program services $44,812 · management and general $1,992

20 · Interest

total $117,300 · management and general $117,300

22 · Depreciation, depletion and amortization

total $58,315 · program services $52,484 · management and general $5,831

23 · Insurance

total $58,979 · program services $56,469 · management and general $2,510

24a · Other expenses: PROVISION FOR LOAN LOSS

total $152,024 · program services $152,024

24b · Other expenses: DUES AND MEMBERSHIPS

total $51,323 · program services $49,139 · management and general $2,184

24c · Other expenses: BUSINESS DEVELOPMENT

total $9,852 · program services $9,433 · management and general $419

24d · Other expenses: MISCELLANEOUS EXPENSES

total $8,877 · program services $8,500 · management and general $377

24e · All other expenses

total $2,262 · program services $2,165 · management and general $97

1 · Cash, non-interest-bearing

beginning of year $41,024,482 · end of year $58,034,201

2 · Savings and temporary cash investments

beginning of year $1,007,752 · end of year $1,040,168

4 · Accounts receivable

beginning of year $957,579 · end of year $2,605,373

7 · Other notes and loans receivable

beginning of year $11,841,516 · end of year $16,435,539

9 · Prepaid expenses and deferred charges

beginning of year $60,983 · end of year $108,571

15 · Other assets

beginning of year $150,441 · end of year $191,332

17 · Accounts payable and accrued expenses

beginning of year $11,144,855 · end of year $13,200,560

21 · Escrow or custodial account liability

beginning of year $13,977,104 · end of year $16,825,963

23 · Secured mortgages and notes payable

beginning of year $3,231,302 · end of year $3,235,969

25 · Other liabilities

beginning of year $4,888,362 · end of year $22,664,659

27 · Net assets without donor restrictions

beginning of year $7,327,864 · end of year $7,914,494

28 · Net assets with donor restrictions

beginning of year $14,473,266 · end of year $14,573,539