Form 990 for tax year 2023

1e · Government grants (contributions)

$3,941,468

1f · All other contributions, gifts and grants

$2,333,052

2a · Program service revenue: LOAN INTEREST

total $1,635,545 · related or exempt $1,635,545

2b · Program service revenue: PROGRAM FEES

total $490,831 · related or exempt $490,831

2c · Program service revenue: LOAN FEES

total $225,560 · related or exempt $225,560

3 · Investment income

total $247,523 · excluded $247,523

7a · Gross sales of assets other than inventory

other assets $275,110

7b · Less cost or other basis and sales expenses

other assets $274,623

7c · Gain or loss

other assets $487

7d · Net gain or loss

total $487 · related or exempt $487

2 · Grants to domestic individuals

total $363,050 · program services $363,050

5 · Compensation of officers, directors and key employees

total $451,776 · program services $357,736 · management and general $94,040

7 · Other salaries and wages

total $1,922,333 · program services $1,458,475 · management and general $463,858

8 · Pension plan contributions

total $118,985 · program services $90,222 · management and general $28,763

9 · Other employee benefits

total $333,955 · program services $255,526 · management and general $78,429

10 · Payroll taxes

total $172,638 · program services $132,023 · management and general $40,615

11b · Fees: legal

total $63,866 · program services $63,866

11c · Fees: accounting

total $30,660 · program services $19,088 · management and general $11,572

11g · Fees: other

total $1,066,314 · program services $851,339 · management and general $214,975

12 · Advertising and promotion

total $66,243 · program services $41,821 · management and general $24,422

13 · Office expenses

total $129,875 · program services $104,837 · management and general $25,038

16 · Occupancy

total $72,478 · program services $66,568 · management and general $5,910

17 · Travel

total $128,897 · program services $69,073 · management and general $59,824

19 · Conferences, conventions and meetings

total $99,897 · program services $60,084 · management and general $39,813

20 · Interest

total $349,608 · program services $349,608

23 · Insurance

total $39,989 · program services $38,562 · management and general $1,427

24a · Other expenses: FEES AND LICENSES

total $79,489 · program services $71,816 · management and general $7,673

24b · Other expenses: MEMBERSHIP FEES/DUES

total $35,403 · program services $5,035 · management and general $30,368

24c · Other expenses: LOAN CLOSING FEES

total $28,139 · program services $24,157 · management and general $3,982

24d · Other expenses: REPAIRS AND MAINTENANCE

total $2,348 · program services $1,677 · management and general $671

24e · All other expenses

total $73,735 · program services $65,545 · management and general $8,190

1 · Cash, non-interest-bearing

beginning of year $4,052,324 · end of year $7,370,521

2 · Savings and temporary cash investments

beginning of year $15,828,114 · end of year $12,270,895

3 · Pledges and grants receivable

beginning of year $181,815 · end of year $279,835

4 · Accounts receivable

beginning of year $25,000 · end of year $35,000

5 · Loans and receivables from officers and key people

beginning of year $116,503 · end of year $65,873

7 · Other notes and loans receivable

beginning of year $18,696,774 · end of year $23,613,616

9 · Prepaid expenses and deferred charges

beginning of year $47,647 · end of year $43,762

15 · Other assets

beginning of year $1,180,057 · end of year $1,211,574

17 · Accounts payable and accrued expenses

beginning of year $454,485 · end of year $448,384

19 · Deferred revenue

beginning of year $5,962,059 · end of year $8,261,396

23 · Secured mortgages and notes payable

beginning of year $9,832,278 · end of year $9,273,909

24 · Unsecured notes and loans payable

beginning of year $10,742,859 · end of year $10,742,763

25 · Other liabilities

beginning of year $512,200 · end of year $443,110

27 · Net assets without donor restrictions

beginning of year $12,624,353 · end of year $15,721,514