Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: LOAN INTEREST INCOME

  total $40,651,530 · related or exempt $40,651,530

• 2b · Program service revenue: OTHER INCOME

  total $9,473,909 · related or exempt $9,473,909

• 2c · Program service revenue: FEE INCOME

  total $5,498,417 · related or exempt $5,146,187 · unrelated business $352,230

• 3 · Investment income

  total $10,189,814 · excluded $10,189,814

• 7a · Gross sales of assets other than inventory

  other assets $37,685,429

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

  other assets $38,103,986

• 7c · Gain or loss

  other assets -$418,557

• 7d · Net gain or loss

  total -$418,557 · excluded -$418,557

• 11a · Other revenue: OTHER NON-INTEREST INCOME

  total $834,694 · related or exempt $834,694

• 11e · Other revenue, total

  $834,694

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $55,000

• 4 · Benefits paid to or for members

  total $8,100,614

• 5 · Compensation of officers, directors and key employees

  total $2,719,151

• 7 · Other salaries and wages

  total $14,840,643

• 8 · Pension plan contributions

  total $2,886,109

• 9 · Other employee benefits

  total $3,628,356

• 10 · Payroll taxes

  total $1,472,971

• 11b · Fees: legal

  total $192,212

• 11c · Fees: accounting

  total $83,007

• 11g · Fees: other

  total $1,924,627

• 12 · Advertising and promotion

  total $1,665,060

• 13 · Office expenses

  total $9,196,855

• 16 · Occupancy

  total $1,905,477

• 17 · Travel

  total $464,510

• 20 · Interest

  total $1,463,095

• 22 · Depreciation, depletion and amortization

  total $1,481,197

• 23 · Insurance

  total $26,714

• 24a · Other expenses: LOAN SERVICING EXPENSE

  total $3,143,400

• 24b · Other expenses: PROVISION FOR LOAN LOSS

  total $1,787,994

• 24c · Other expenses: MISCELLANEOUS

  total $363,152

• 24d · Other expenses: OPERATING FEES

  total $49,378

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $15,026,287 · end of year $7,366,280

• 2 · Savings and temporary cash investments

  beginning of year $55,681,238 · end of year $28,314,465

• 4 · Accounts receivable

  end of year $298,026

• 5 · Loans and receivables from officers and key people

  beginning of year $10,150,040 · end of year $9,939,887

• 7 · Other notes and loans receivable

  beginning of year $938,274,615 · end of year $1,121,314,790

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,713,734 · end of year $1,376,754

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

  $59,237,086

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

  $22,729,779

• 10c · Land, buildings and equipment, net

  beginning of year $31,510,089 · end of year $36,507,307

• 13 · Investments: program-related

  beginning of year $561,312,613 · end of year $485,725,229

• 15 · Other assets

  beginning of year $57,421,916 · end of year $49,634,510

• 17 · Accounts payable and accrued expenses

  beginning of year $9,057,338 · end of year $11,188,195

• 24 · Unsecured notes and loans payable

  end of year $135,000,000

• 25 · Other liabilities

  beginning of year $1,513,153,409 · end of year $1,490,630,214

• 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 $148,879,785 · end of year $103,658,839

The filer's explanations (Part III)

PART I, LINE 7

INVESTMENT RETURN INCENTIVE PLAN.