Civic Intelligence

Lowell Community Loan Fund Inc

990 • Fiscal year 2016 • EIN 04-3571892

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 11, 2017

Organization ProfileWWW.MCCINVEST.ORG

View Organization Page

50 Island Street No 103Lawrence, MA 01840

(978) 970-0600

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

77th percentile

0.46x

Higher debt load relative to assets than 77% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

90th percentile

2.05x

Higher debt load relative to revenue than 90% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

86th percentile

31%

Higher net margin than 86% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

65th percentile

$90,869

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 23.3% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

91st percentile

49%

Faster asset growth than 91% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

92nd percentile

79%

Faster revenue growth than 92% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets77th percentile

Assets

Up

$1,754,994

Up $576,577 (+49%) from 2015

Net Assets

Up

$956,462

Up $120,489 (+14%) from 2015

Liabilities

Up

$798,532

Up $456,088 (+133%) from 2015

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin86th percentile

Revenue

Up

$389,337

Up $172,276 (+79%) from 2015

Expenses

Up

$268,848

Up $102,144 (+61%) from 2015

Net Income

Up

$120,489

Up $70,132 (+139%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth91st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2010: $434,841Liabilities 2010: $175,558Net Assets 2010: $259,2832010Assets 2011: $977,413Liabilities 2011: $221,074Net Assets 2011: $756,3392011Assets 2012: $938,016Liabilities 2012: $246,538Net Assets 2012: $691,4782012Assets 2013: $1,004,794Liabilities 2013: $353,816Net Assets 2013: $650,9782013Assets 2014: $1,103,334Liabilities 2014: $317,718Net Assets 2014: $785,6162014Assets 2015: $1,178,417Liabilities 2015: $342,444Net Assets 2015: $835,9732015Assets 2016: $1,754,994Liabilities 2016: $798,532Net Assets 2016: $956,4622016Assets 2017: $2,352,730Liabilities 2017: $997,770Net Assets 2017: $1,354,9602017Assets 2018: $6,277,930Liabilities 2018: $4,684,780Net Assets 2018: $1,593,1502018Assets 2019: $4,519,661Liabilities 2019: $3,159,135Net Assets 2019: $1,360,5262019Assets 2020: $5,666,466Liabilities 2020: $4,456,456Net Assets 2020: $1,210,0102020Assets 2021: $8,334,796Liabilities 2021: $5,035,669Net Assets 2021: $3,299,1272021Assets 2022: $14,450,665Liabilities 2022: $6,427,599Net Assets 2022: $8,023,0662022Assets 2023: $20,012,349Liabilities 2023: $10,726,172Net Assets 2023: $9,286,1772023Assets 2024: $24,176,225Liabilities 2024: $14,044,660Net Assets 2024: $10,131,5652024

Highlighted filing

2016

Assets$1,754,994
Liabilities$798,532
Net Assets$956,462
Open 2016 Filing

Operations Trend

Revenue Growth92nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2010: $141,8232010Expenses 2011: $137,6912011Expenses 2012: $143,1872012Revenue 2013: $116,222Expenses 2013: $156,722Net Income 2013: -$40,5002013Revenue 2014: $275,156Expenses 2014: $140,518Net Income 2014: $134,6382014Revenue 2015: $217,061Expenses 2015: $166,704Net Income 2015: $50,3572015Revenue 2016: $389,337Expenses 2016: $268,848Net Income 2016: $120,4892016Revenue 2017: $767,035Expenses 2017: $368,537Net Income 2017: $398,4982017Revenue 2018: $1,335,777Expenses 2018: $1,047,587Net Income 2018: $288,1902018Revenue 2019: $2,572,408Expenses 2019: $2,805,032Net Income 2019: -$232,6242019Revenue 2020: $1,121,359Expenses 2020: $1,271,365Net Income 2020: -$150,0062020Revenue 2021: $3,489,371Expenses 2021: $1,400,254Net Income 2021: $2,089,1172021Revenue 2022: $8,158,806Expenses 2022: $3,434,867Net Income 2022: $4,723,9392022Revenue 2023: $6,574,062Expenses 2023: $5,652,803Net Income 2023: $921,2592023Revenue 2024: $6,745,373Expenses 2024: $5,899,985Net Income 2024: $845,3882024

Highlighted filing

2016

Revenue$389,337
Expenses$268,848
Net Income$120,489
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 11, 2017
Return Version
2016v3.0
Gross Receipts
$389,337
Mission and Program Overview

Mission

To advance community revitalization and development in the merrimack valley by providing appropriate loan programs and technical assistance to low and moderate income communities.

To advance community revitalization and development in merrimack valley by providing appropriate loan programs and technical assistance to low and moderate income communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$733,552$1,196,656▲ $463,104
Cash and Non-Interest-Bearing Accounts$348,477$239,728▼ $108,749
Pledges and Grants Receivable$10,000$202,812▲ $192,812
Land, Buildings, and Equipment, Net$0$7,400▲ $7,400
Prepaid Expenses and Deferred Charges$4,160$4,395▲ $235
Total Assets$1,178,417$1,754,994▲ $576,577
Other Assets Total$82,228$104,003▲ $21,775
Liabilities
Unsecured Notes Loans Payable$233,300$624,207▲ $390,907
Accounts Payable and Accrued Expenses$105,128$137,446▲ $32,318
Escrow Account Liability-$26,189-
Other Liabilities$4,016$10,690▲ $6,674
Total Liabilities$342,444$798,532▲ $456,088
Net Assets / Fund Balance
Unrestricted Net Assets$785,973$923,962▲ $137,989
Temporarily Rstr Net Assets$50,000$32,500▼ $17,500
Total Net Assets Fund Balance$835,973$956,462▲ $120,489
Total Liabilities and Net Assets / Fund Balance$1,178,417$1,754,994▲ $576,577

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,400$6,863$14,263
Other Assets Org$26,191--
Compensation and Service Providers
Top Officer Pay65th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Francisco CarvalhoExecutive DirectorFT$75,984$14,885$90,869

Board Members and Trustees

NameTitle
Kristen HarolPresident
Kathleen GriecoVice President
Abbott LawrenceDirector
Charles SullivanDirector
Charles WibiralskeDirector
Elkin MontoyaDirector
Jessica AndorsDirector
Lisa KozolDirector
Maria NateraDirector
Wataru MatsuyasuDirector
Yun-ju ChoiClerk
Susan FinkTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$301,436
Program Service Revenue
$87,874
Investment Income
$27
Other Revenue
$0
All Other Contributions
$131,124
Change in Net Assets
$120,489

Audited Revenue Reconciliation

Revenue per Audited Statements
$389,337
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$389,337
Total Revenue per Form 990
$389,337
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$221,860
Other Expenses$46,988
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$79,897$26,632-$106,529
Current Officers, Directors, Trustees, and Key Employees$68,152$22,717-$90,869
Payroll Taxes$11,072$3,691-$14,763
Office Expenses$10,885$3,628-$14,513
Other Employee Benefits$7,274$2,425-$9,699
Other Expenses$9,575--$9,575
Interest$6,806$2,269-$9,075
Occupancy$4,800$1,600-$6,400
Insurance$3,151$1,051-$4,202
Fees for Services Other$1,500$500-$2,000
Conferences and Meetings$917$306-$1,223
Total Functional Expenses$204,029$64,819$0$268,848

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$268,848
Total Expenses per Audited Statements$268,848
Total Expenses per Form 990$268,848
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Vacation$7,127
Accrued Wages$3,563
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The form 990 is distributed to the board of directors, reviewed, and approved at a meeting of the board of directors.”

Form 990, Part VI, Section B, Line 12C

“The policy is provided to each board member for review and acknowledgement with written acknowledgement by each board member being retained.”

Form 990, Part VI, Section B, Line 15A

“The board of directors uses the cdc comparison survey to set the salary level of the executive director.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policy, and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Lowell Community Loan Fund Inc
EIN
04-3571892
Phone
9789700600
Address
50 ISLAND STREET NO 103, LAWRENCE, MA 01840

Signing Officer

Name
Francisco Jcarvalho
Title
Executive Director
Phone
9789700600
Signed
2017-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Francisco J Carvalho
Formed
2001
Legal Domicile
Ma
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
15

Preparer

Firm
Anstiss & Co Pc
Address
1115 WESTFORD STREET, LOWELL, MA 01851
Preparer
Raymond L Anstiss Jr
Phone
9784522500
Supplemental Narrative

Financial Statement Notes

PART IV, LINE 2B:

“The organization holds home improvement loan funds in escrow for clients and releases the funds to the contractors based on an agreed upon disbursement schedule as the improvements on their homes are completed.”

PART X, LINE 2:

“Lclf has been granted tax-exempt status under internal revenue code section 501(c)(3) and is, therefore, generally exempt from federal and state income taxes. Accordingly, no provision for income taxes has been provided for in the accompanying financial statements. Asc 740-10, "income taxes," requires lclf to evaluate and disclose tax positions that could have an effect on lclf's financial statements. Lclf reports its activities to the internal revenue service and to the commonwealth of massachusetts on an annual basis. These informational returns are generally subject to audit and review by the governmental agencies for a period of three years after filing. Substantially all of lclf's income, expenditures and activities relate to its exempt purpose, therefore, management has determined that lclf is not subject to unrelated business income taxes and will continue to qualify as a tax-exempt not-for-profit entity.”

Raw XML AppendixShowing 400 of 458 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0105128
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0137446
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO ADVANCE COMMUNITY REVITALIZATION AND DEVELOPMENT IN MERRIMACK VALLEY BY PROVIDING APPROPRIATE LOAN PROGRAMS AND TECHNICAL ASSISTANCE TO LOW AND MODERATE INCOME COMMUNITIES.
IRS990/AddressChangeInd0X
IRS990/AllOtherContributionsAmt0131124
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0MICHELE WITTS
IRS990/BooksInCareOfDetail/PhoneNum09784527523
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0517 MOODY STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0LOWELL
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd001854
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0348477
IRS990/CashNonInterestBearingGrp/EOYAmt0239728
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt022717
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt068152
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt090869
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt0306
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt0917
IRS990/ConferencesMeetingsGrp/TotalAmt01223
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd01
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0301436
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt027
IRS990/CYOtherExpensesAmt046988
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt087874
IRS990/CYRevenuesLessExpensesAmt0120489
IRS990/CYSalariesCompEmpBnftPaidAmt0221860
IRS990/CYTotalExpensesAmt0268848
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0389337
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0TO PROVIDE FINANCING AND/OR COLLABORATE WITH EXISITING LOANS TO PROVIDE FIRST OR SUBORDINATE MORTGAGE FINANCING TO CREDIT WORTHY BORROWERS AT A MODEST RATE FOR HOME ACQUISITION, REFINANCING, AND TO AVOID PRIVATE MORTGAGE INSURANCE.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/EscrowAccountLiabilityGrp/EOYAmt026189
IRS990/ExpenseAmt0204029
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0500
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt01500
IRS990/FeesForServicesOtherGrp/TotalAmt02000
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt05.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt25.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt35.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt45.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt55.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt65.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt75.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt85.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt95.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt105.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt115.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1235.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1214885
IRS990/Form990PartVIISectionAGrp/PersonNm0KRISTEN HAROL
IRS990/Form990PartVIISectionAGrp/PersonNm1JESSICA ANDORS
IRS990/Form990PartVIISectionAGrp/PersonNm2SUSAN FINK
IRS990/Form990PartVIISectionAGrp/PersonNm3KATHLEEN GRIECO
IRS990/Form990PartVIISectionAGrp/PersonNm4ABBOTT LAWRENCE
IRS990/Form990PartVIISectionAGrp/PersonNm5WATARU MATSUYASU
IRS990/Form990PartVIISectionAGrp/PersonNm6CHARLES SULLIVAN
IRS990/Form990PartVIISectionAGrp/PersonNm7ELKIN MONTOYA
IRS990/Form990PartVIISectionAGrp/PersonNm8MARIA NATERA
IRS990/Form990PartVIISectionAGrp/PersonNm9CHARLES WIBIRALSKE
IRS990/Form990PartVIISectionAGrp/PersonNm10LISA KOZOL
IRS990/Form990PartVIISectionAGrp/PersonNm11YUN-JU CHOI
IRS990/Form990PartVIISectionAGrp/PersonNm12FRANCISCO CARVALHO
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1275984
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11CLERK
IRS990/Form990PartVIISectionAGrp/TitleTxt12EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02001
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GovernmentGrantsAmt0170312
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0389337
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt01051
IRS990/InsuranceGrp/ProgramServicesAmt03151
IRS990/InsuranceGrp/TotalAmt04202
IRS990/InterestGrp/ManagementAndGeneralAmt02269
IRS990/InterestGrp/ProgramServicesAmt06806
IRS990/InterestGrp/TotalAmt09075
IRS990/InvestmentIncomeGrp/ExclusionAmt027
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt027
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt06863
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt07400
IRS990/LandBldgEquipCostOrOtherBssAmt014263
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO ADVANCE COMMUNITY REVITALIZATION AND DEVELOPMENT IN THE MERRIMACK VALLEY BY PROVIDING APPROPRIATE LOAN PROGRAMS AND TECHNICAL ASSISTANCE TO LOW AND MODERATE INCOME COMMUNITIES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0835973
IRS990/NetAssetsOrFundBalancesEOYAmt0956462
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt01600
IRS990/OccupancyGrp/ProgramServicesAmt04800
IRS990/OccupancyGrp/TotalAmt06400
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03628
IRS990/OfficeExpensesGrp/ProgramServicesAmt010885
IRS990/OfficeExpensesGrp/TotalAmt014513
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt082228
IRS990/OtherAssetsTotalGrp/EOYAmt0104003
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt02425
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt07274
IRS990/OtherEmployeeBenefitsGrp/TotalAmt09699
IRS990/OtherExpensesGrp/Desc0LOAN DOCUMENT FEES
IRS990/OtherExpensesGrp/ProgramServicesAmt09575
IRS990/OtherExpensesGrp/TotalAmt09575
IRS990/OtherLiabilitiesGrp/BOYAmt04016
IRS990/OtherLiabilitiesGrp/EOYAmt010690
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt026632
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt079897
IRS990/OtherSalariesAndWagesGrp/TotalAmt0106529
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0733552
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01196656
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03691
IRS990/PayrollTaxesGrp/ProgramServicesAmt011072
IRS990/PayrollTaxesGrp/TotalAmt014763
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt010000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0202812
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04160
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04395
IRS990/PrincipalOfficerNm0FRANCISCO J CARVALHO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0525990
IRS990/ProgramServiceRevenueGrp/BusinessCd1525990
IRS990/ProgramServiceRevenueGrp/Desc0LOAN SERVICE FEES
IRS990/ProgramServiceRevenueGrp/Desc1INTEREST INCOME ON NOT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt049176
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt138698
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt049176
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt138698
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0164365
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0126
IRS990/PYOtherExpensesAmt051878
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt052570
IRS990/PYRevenuesLessExpensesAmt050357
IRS990/PYSalariesCompEmpBnftPaidAmt0114826
IRS990/PYTotalExpensesAmt0166704
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0217061
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0120489
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt087874
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0301436
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0164365
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0222950
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt088885
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt060251
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0837887
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt027
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0126
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt097
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0263
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0474
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0987
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0144354
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99880
IRS990ScheduleA/PublicSupportPY170Pct00.99880
IRS990ScheduleA/PublicSupportTotal170Amt0837887
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0301436
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0164365
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0222950
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt088885
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt060251
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0837887
IRS990ScheduleA/TotalSupportAmt0838874
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt07400
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06863
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt014263
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0268848
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt077812
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt126191
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0LOANS HELD FOR SALE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CLIENT FUNDS HELD IN ESCROW
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07127
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13563
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED VACATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED WAGES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0389337
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HOLDS HOME IMPROVEMENT LOAN FUNDS IN ESCROW FOR CLIENTS AND RELEASES THE FUNDS TO THE CONTRACTORS BASED ON AN AGREED UPON DISBURSEMENT SCHEDULE AS THE IMPROVEMENTS ON THEIR HOMES ARE COMPLETED.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1LCLF HAS BEEN GRANTED TAX-EXEMPT STATUS UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND IS, THEREFORE, GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED FOR IN THE ACCOMPANYING FINANCIAL STATEMENTS. ASC 740-10, "INCOME TAXES," REQUIRES LCLF TO EVALUATE AND DISCLOSE TAX POSITIONS THAT COULD HAVE AN EFFECT ON LCLF'S FINANCIAL STATEMENTS. LCLF REPORTS ITS ACTIVITIES TO THE INTERNAL REVENUE SERVICE AND TO THE COMMONWEALTH OF MASSACHUSETTS ON AN ANNUAL BASIS. THESE INFORMATIONAL RETURNS ARE GENERALLY SUBJECT TO AUDIT AND REVIEW BY THE GOVERNMENTAL AGENCIES FOR A PERIOD OF THREE YEARS AFTER FILING. SUBSTANTIALLY ALL OF LCLF'S INCOME, EXPENDITURES AND ACTIVITIES RELATE TO ITS EXEMPT PURPOSE, THEREFORE, MANAGEMENT HAS DETERMINED THAT LCLF IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAXES AND WILL CONTINUE TO QUALIFY AS A TAX-EXEMPT NOT-FOR-PROFIT ENTITY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07400
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0104003
IRS990ScheduleD/TotalExpensesPerForm990Amt0268848
IRS990ScheduleD/TotalLiabilityAmt010690
IRS990ScheduleD/TotalRevenuePerForm990Amt0389337
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0389337
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0268848
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS DISTRIBUTED TO THE BOARD OF DIRECTORS, REVIEWED, AND APPROVED AT A MEETING OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE POLICY IS PROVIDED TO EACH BOARD MEMBER FOR REVIEW AND ACKNOWLEDGEMENT WITH WRITTEN ACKNOWLEDGEMENT BY EACH BOARD MEMBER BEING RETAINED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS USES THE CDC COMPARISON SURVEY TO SET THE SALARY LEVEL OF THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt050000
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt032500
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01178417
IRS990/TotalAssetsEOYAmt01754994
IRS990/TotalAssetsGrp/BOYAmt01178417
IRS990/TotalAssetsGrp/EOYAmt01754994
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0301436
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt064819
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0204029
IRS990/TotalFunctionalExpensesGrp/TotalAmt0268848
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0342444
IRS990/TotalLiabilitiesEOYAmt0798532
IRS990/TotalLiabilitiesGrp/BOYAmt0342444
IRS990/TotalLiabilitiesGrp/EOYAmt0798532
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0835973
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0956462
IRS990/TotalOtherCompensationAmt014885
IRS990/TotalProgramServiceExpensesAmt0204029
IRS990/TotalProgramServiceRevenueAmt087874
IRS990/TotalReportableCompFromOrgAmt075984
IRS990/TotalRevenueGrp/ExclusionAmt027

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,754,994
Liabilities
$798,532
Net assets
$956,462
Revenue
$389,337
Expenses
$268,848
Net income
$120,489
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.2$14.0$10.1$6.75$5.90$0.85
2023Detailed filing. Detailed filing data is available for this year.$20.0$10.7$9.29$6.57$5.65$0.92
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.5$6.43$8.02$8.16$3.43$4.72
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.33$5.04$3.30$3.49$1.40$2.09
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.67$4.46$1.21$1.12$1.27$0.15
2019Detailed filing. Detailed filing data is available for this year.$4.52$3.16$1.36$2.57$2.81$0.23
2018Detailed filing. Detailed filing data is available for this year.$6.28$4.68$1.59$1.34$1.05$0.29
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.35$1.00$1.35$0.77$0.37$0.40
2016Detailed filing. Detailed filing data is available for this year.$1.75$0.80$0.96$0.39$0.27$0.12
2015Detailed filing. Detailed filing data is available for this year.$1.18$0.34$0.84$0.22$0.17$0.05
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.10$0.32$0.79$0.28$0.14$0.13
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.00$0.35$0.65$0.12$0.16$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.94$0.25$0.69$0.14
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.98$0.22$0.76$0.14
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.43$0.18$0.26$0.14
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)3 • $1M-$5M nonprofits