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Nonprofiteer
← ROCHDALE CAPITAL CORPORATION INC

Form 990 for tax year 2024

Filed by ROCHDALE CAPITAL CORPORATION INC.

Totals

Total revenue
$2,065,451
Total expenses
$1,884,728
Contributions and grants received
$1,816,320
Grants paid
$0
Program service revenue
$0
Investment income
$208,562
Other revenue
$40,569
Total assets, end of year
$7,326,732
Total liabilities, end of year
$653,865
Net assets or fund balances, end of year
$6,672,867
Program services expenses (Part IX)
$1,558,521
Management and general expenses
$282,413
Fundraising expenses
$43,794
Program service expenses (Part III)
$1,558,521

Program services were 82.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $300,000

  • 1f · All other contributions, gifts and grants

    $1,516,320

  • 3 · Investment income

    total $208,562 · related or exempt $208,562

  • 11a · Other revenue: FEE INCOME

    total $40,569 · related or exempt $40,569

  • 11e · Other revenue, total

    $40,569

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $372,286 · program services $310,114 · management and general $42,441 · fundraising $19,731

  • 7 · Other salaries and wages

    total $254,984 · program services $212,400 · management and general $29,068 · fundraising $13,516

  • 8 · Pension plan contributions

    total $19,313 · program services $16,088 · management and general $2,202 · fundraising $1,023

  • 9 · Other employee benefits

    total $24,836 · program services $20,689 · management and general $2,831 · fundraising $1,316

  • 10 · Payroll taxes

    total $45,938 · program services $38,267 · management and general $5,237 · fundraising $2,434

  • 11a · Fees: management

    total $66,818 · management and general $66,818

  • 11b · Fees: legal

    total $7,738 · management and general $7,738

  • 11c · Fees: accounting

    total $108,661 · management and general $108,661

  • 12 · Advertising and promotion

    total $6,367 · program services $5,304 · management and general $726 · fundraising $337

  • 13 · Office expenses

    total $5,137 · program services $4,279 · management and general $585 · fundraising $273

  • 14 · Information technology

    total $18,171 · program services $15,137 · management and general $2,071 · fundraising $963

  • 16 · Occupancy

    total $10,799 · program services $8,996 · management and general $1,231 · fundraising $572

  • 17 · Travel

    total $37,514 · program services $31,249 · management and general $4,277 · fundraising $1,988

  • 19 · Conferences, conventions and meetings

    total $13,606 · program services $7,171 · management and general $5,979 · fundraising $456

  • 20 · Interest

    total $15,343 · program services $15,343

  • 22 · Depreciation, depletion and amortization

    total $1,546 · program services $1,288 · management and general $176 · fundraising $82

  • 23 · Insurance

    total $9,389 · program services $7,821 · management and general $1,070 · fundraising $498

  • 24a · Other expenses: LOAN LOSS

    total $571,523 · program services $571,523

  • 24b · Other expenses: DIRECT PROGRAM RELATED

    total $143,313 · program services $143,313

  • 24c · Other expenses: CONTRIBUTIONS AND AWARD

    total $58,698 · program services $58,698

  • 24d · Other expenses: LOAN SERVICING FEE

    total $23,412 · program services $23,412

  • 24e · All other expenses

    total $69,336 · program services $67,429 · management and general $1,302 · fundraising $605

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,861,592 · end of year $4,909,251

  • 3 · Pledges and grants receivable

    end of year $300,000

  • 7 · Other notes and loans receivable

    beginning of year $2,976,597 · end of year $2,101,067

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

    $4,637

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

    $3,843

  • 10c · Land, buildings and equipment, net

    beginning of year $2,340 · end of year $794

  • 15 · Other assets

    beginning of year $16,706 · end of year $15,620

  • 17 · Accounts payable and accrued expenses

    beginning of year $49,224 · end of year $89,506

  • 23 · Secured mortgages and notes payable

    end of year $500,000

  • 25 · Other liabilities

    beginning of year $315,867 · end of year $64,359

  • 27 · Net assets without donor restrictions

    beginning of year $508,593 · end of year $6,372,867

  • 28 · Net assets with donor restrictions

    beginning of year $5,983,551 · end of year $300,000

Mission and programs · 2024

Mission

ROCHDALE CAPITAL IS A COMMUNITY DEVELOPMENT LOAN FUND WHOSE MISSION IS TO PROMOTE COOPERATIVE AND COMMUNITY OWNERSHIP; ASSET BUILDING IN LOW WEALTH COMMUNITIES; AND BROADEN ACCESS TO CAPITAL BY OFFERING FLEXIBLE, AFFORDABLE FINANCING. WE BELIEVE THAT OWNERSHIP IS THE FOUNDATION TO VIBRANT COMMUNITIES.

Activities or mission (Part I)

ADVANCE ASSET BUILDING IN LOW WEALTH COMMUNITIES AND BROADEN ACCESS TO CAPITAL BY OFFERING FLEXIBLE, AFFORDABLE FINANCING.

  • AS A NONPROFIT LOAN FUND, WE PROVIDE EQUITABLE ACCESS TO CAPITAL TO FUND COOPERATIVE ENTERPRISES, COMMUNITY FACILITIES, RENEWABLE ENERGY, COMMERCIAL SPACES, SMALL BUSINESSES AND AFFORDABLE HOUSING. THIS PROVIDES OWNERSHIP OPPORTUNITIES FOR ENTREPRENEURS, COOPERATIVES, COMMUNITY-BASED ORGANIZATIONS AND POTENTIAL HOMEOWNERS. OUR TARGET MARKET INCLUDES COMMUNITIES THAT ARE UNBANKED, UNDERBANKED AND UNDER RESOURCED; THOSE WHO HAVE BEEN TRADITIONALLY LEFT OUT OF INVESTMENT OPPORTUNITIES.

    Expenses $1,558,521 · Revenue $249,131

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Andrea Levere

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1.5

  • Shannan Herbert

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    1.2

  • Valeria Roach

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    1.2

  • Chelsea Cruz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paul Hazen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dion Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stacy Patrick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Holdsclaw IV

    PRESIDENT & CEO

    Total calculated
    $190,986
    From this org
    $190,986
    From related orgs
    $0
    Other
    $0
    Hours/week
    25

    Schedule J breakdown matched by us

    Base
    $163,800
    Bonus
    $24,911
    Other
    $2,275
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $190,986

  • Klade Hare

    CHIEF LENDING OFFICER

    Total calculated
    $181,299
    From this org
    $181,299
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,000
    Bonus
    $23,648
    Other
    $1,651
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $181,299

  • Chantal Hart

    MANAGER- OPERATIONS & COMP

    Total calculated
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202523219349312972

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