Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: INTEREST FROM LOANS

  total $56,397,924 · excluded $56,397,924

• 2b · Program service revenue: SERVICING FEES

  total $21,265,950 · related or exempt $21,120,062 · unrelated business $145,888

• 2c · Program service revenue: ORIGINATION FEES

  total $497,873 · related or exempt $497,873

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $10,066,387 · related or exempt $10,066,387

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  other assets $4,194,227

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

  other assets $4,210,098

• 7c · Gain or loss

  securities $0 · other assets -$15,871

• 7d · Net gain or loss

  total -$15,871 · related or exempt -$15,871

• 11a · Other revenue: CREDIT LIFE & DISABILITY

  total $1,712,256 · related or exempt $1,712,256

• 11b · Other revenue: MISC

  total $1,231,380 · related or exempt $1,224,780 · unrelated business $6,600

• 11c · Other revenue: GAP FEES

  total $1,028,594 · related or exempt $1,028,594

• 11d · All other revenue

  total $239,505 · related or exempt $146,407 · unrelated business $93,098 · excluded $0

• 11e · Other revenue, total

  $4,211,735

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $30,550

• 5 · Compensation of officers, directors and key employees

  total $1,652,312

• 6 · Compensation of disqualified persons

  total $25,625,883

• 8 · Pension plan contributions

  total $1,522,009

• 9 · Other employee benefits

  total $4,081,848

• 10 · Payroll taxes

  total $2,153,991

• 11b · Fees: legal

  total $20,567

• 11c · Fees: accounting

  total $421,124

• 11g · Fees: other

  total $376,601

• 12 · Advertising and promotion

  total $789,874

• 13 · Office expenses

  total $9,067,994

• 14 · Information technology

  total $5,193,700

• 16 · Occupancy

  total $2,459,570

• 17 · Travel

  total $551,852

• 19 · Conferences, conventions and meetings

  total $314,403

• 20 · Interest

  total $8,954,500

• 22 · Depreciation, depletion and amortization

  total $3,737,837

• 23 · Insurance

  total $436,543

• 24a · Other expenses: LOAN LOSS

  total $10,452,052

• 24b · Other expenses: OTHER EXPENSE

  total $2,976,912

• 24c · Other expenses: LOAN SERVICING

  total $2,418,819

• 24d · Other expenses: POSTAGE AND SHIPPING

  total $73,269

• 24e · All other expenses

  total $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $17,932,010 · end of year $20,075,571

• 2 · Savings and temporary cash investments

  beginning of year $108,616,803 · end of year $118,800,615

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $998,289,510 · end of year $1,062,262,338

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,709,495 · end of year $3,099,698

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

  $74,385,405

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

  $35,506,996

• 10c · Land, buildings and equipment, net

  beginning of year $34,619,309 · end of year $38,878,409

• 12 · Investments: other securities

  beginning of year $261,773,859 · end of year $230,574,595

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $51,638,197 · end of year $45,891,514

• 17 · Accounts payable and accrued expenses

  beginning of year $1,306,317,304 · end of year $1,183,276,946

• 21 · Escrow or custodial account liability

  beginning of year $3,516,040 · end of year $3,602,897

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 24 · Unsecured notes and loans payable

  end of year $150,000,000

• 25 · Other liabilities

  beginning of year $18,830,278 · end of year $21,767,097

• 31 · Retained earnings, endowment or other funds

  beginning of year $146,915,561 · end of year $160,935,800

The filer's explanations (Part III)

Schedule J, Part I, Line 1a First-class or charter travel

FIRST CLASS TRAVEL FOR THE CEO AND BOARD CONSULTANT IS AUTHORIZED WHEN TRAVELING OUTSIDE OF THE STATE FOR BUSINESS PURPOSES. ONE FIRST CLASS TICKET PER YEAR IS AUTHORIZED FOR ALL BOARD MEMBERS AND THE SUPERVISORY COMMITTEE CHAIRMAN WHEN TRAVELING OUT OF STATE TO ATTEND TRAINING OR A CONFERENCE.