Form 990 for tax year 2024

1f · All other contributions, gifts and grants

$37,730

2a · Program service revenue: INTEREST ON LOANS

total $138,832 · related or exempt $138,832

3 · Investment income

total $126,370 · excluded $126,370

11a · Other revenue: MGMT CONTRACT/FISCAL AGENT FE

total $114,062 · related or exempt $114,062

11b · Other revenue: OTHER REVENUE

total $8,313 · related or exempt $8,313

11c · Other revenue: LOAN PROCESSING FEES & POINTS

total $3,050 · related or exempt $3,050

11d · All other revenue

total $2,206 · related or exempt $2,206

11e · Other revenue, total

$127,631

5 · Compensation of officers, directors and key employees

total $129,825 · management and general $129,825

7 · Other salaries and wages

total $87,920 · management and general $87,920

9 · Other employee benefits

total $20,324 · management and general $20,324

10 · Payroll taxes

total $16,760 · management and general $16,760

11b · Fees: legal

total $5,207 · program services $5,090 · management and general $117

11c · Fees: accounting

total $49,624 · program services $44,354 · management and general $5,270

13 · Office expenses

total $18,083 · program services $674 · management and general $17,409

16 · Occupancy

total $47,027 · management and general $47,027

20 · Interest

total $35,797 · program services $35,015 · management and general $782

23 · Insurance

total $23,978 · program services $17,883 · management and general $6,095

24a · Other expenses: PROVISION FOR LOAN LOSSES

total $640,540 · program services $8,457 · management and general $632,083

24b · Other expenses: LOAN SERVICE FEES

total $4,093 · program services $4,093

24c · Other expenses: GRANT EXPENSE

total $500 · management and general $500

24d · Other expenses: COST ALLOCATION

program services $219,297 · management and general -$219,297

1 · Cash, non-interest-bearing

beginning of year $1,844,925 · end of year $1,667,675

2 · Savings and temporary cash investments

beginning of year $3,498,556 · end of year $2,949,122

7 · Other notes and loans receivable

beginning of year $2,982,664 · end of year $2,784,550

9 · Prepaid expenses and deferred charges

beginning of year $53,228 · end of year $49,210

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

$20,059

10b · Land, buildings and equipment: accumulated depreciation

$20,059

15 · Other assets

beginning of year $139,563 · end of year $122,781

17 · Accounts payable and accrued expenses

beginning of year $50,037 · end of year $38,169

19 · Deferred revenue

beginning of year $31,830 · end of year $17,463

23 · Secured mortgages and notes payable

beginning of year $748,689 · end of year $629,064

25 · Other liabilities

beginning of year $1,541,405 · end of year $1,390,782

27 · Net assets without donor restrictions

beginning of year $930,753 · end of year $321,866

28 · Net assets with donor restrictions

beginning of year $5,216,222 · end of year $5,175,994