Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: INTEREST MEMBER LOANS

  total $5,030,217 · related or exempt $5,030,217

• 2b · Program service revenue: PLASTICS & OTHER OP IN

  total $890,657 · related or exempt $890,657

• 2c · Program service revenue: FEES MEMBER SERVICE

  total $428,156 · related or exempt $428,156

• 3 · Investment income

  total $435,824 · excluded $435,824

• 7a · Gross sales of assets other than inventory

  other assets $32,308

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

  other assets $37,308

• 7c · Gain or loss

  other assets -$5,000

• 7d · Net gain or loss

  total -$5,000 · excluded -$5,000

• 11a · Other revenue: NON-MEMBER ATM FEES

  total $2,882 · unrelated business $2,882

• 11b · Other revenue: WARRANTY SALES INCOME

  total $1,200 · unrelated business $1,200

• 11e · Other revenue, total

  $4,082

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $547,585

• 7 · Other salaries and wages

  total $1,024,564

• 8 · Pension plan contributions

  total $13,657

• 9 · Other employee benefits

  total $156,912

• 10 · Payroll taxes

  total $142,824

• 11b · Fees: legal

  total $38,521

• 11g · Fees: other

  total $194,967

• 12 · Advertising and promotion

  total $191,738

• 16 · Occupancy

  total $271,772

• 19 · Conferences, conventions and meetings

  total $56,092

• 20 · Interest

  total $115,835

• 22 · Depreciation, depletion and amortization

  total $257,453

• 24a · Other expenses: DIVIDENDS & INTEREST -M

  total $1,420,294

• 24b · Other expenses: OFFICE OPERATIONS

  total $1,159,423

• 24c · Other expenses: LOAN SERVICING EXPENSE

  total $617,823

• 24d · Other expenses: OTHER OPERATING EXPENSE

  total $253,093

• 24e · All other expenses

  total $105,737

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $210,981 · end of year $200,139

• 2 · Savings and temporary cash investments

  beginning of year $4,811,859 · end of year $9,079,687

• 4 · Accounts receivable

  beginning of year $26,930 · end of year $44,000

• 7 · Other notes and loans receivable

  beginning of year $87,357,348 · end of year $90,967,207

• 9 · Prepaid expenses and deferred charges

  beginning of year $812,761 · end of year $600,065

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

  $9,462,978

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

  $2,633,620

• 10c · Land, buildings and equipment, net

  beginning of year $7,136,917 · end of year $6,829,358

• 11 · Investments: publicly traded securities

  beginning of year $283,079 · end of year $271,274

• 12 · Investments: other securities

  beginning of year $2,058,328 · end of year $1,614,992

• 15 · Other assets

  beginning of year $14,483,130 · end of year $11,124,269

• 17 · Accounts payable and accrued expenses

  beginning of year -$580,457 · end of year -$218,261

• 23 · Secured mortgages and notes payable

  beginning of year $3,500,000 · end of year $0

• 25 · Other liabilities

  beginning of year $104,580,189 · end of year $111,045,605

• 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 $9,681,601 · end of year $9,903,647

The filer's explanations (Part III)

PART I, LINE 1A

THE REPORTED OFFICERS RECEIVE A PER DIEM CASH ALLOWANCE FOR BUSINESS TRIPS AND THE CEO ALSO RECEIVES A GYM MEMBERSHIP WITH ANNUAL DUES OF $413. SUBSTANTIATION IS NOT REQUIRED FOR THE CASH ALLOWANCE SINCE IT IS A PER DIEM AMOUNT. SUBSTANTIATION IS NOT REQUIRED FOR THE GYM MEMBERSHIPS AS IT HAS BEEN IN PLACE FOR MORE THEN 5 YEARS.