Liabilities / Assets
88th percentile
Higher debt load relative to assets than 88% of similar nonprofits.
990 • Fiscal year 2024 • EIN 05-0389516
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
88th percentile
Higher debt load relative to assets than 88% of similar nonprofits.
Liabilities / Revenue
69th percentile
Higher debt load relative to revenue than 69% of similar nonprofits.
Net Margin
34th percentile
Higher net margin than 34% of similar nonprofits.
Top Officer Pay
97th percentile
Higher top officer pay than 97% of similar nonprofits.
Top officer pay equals 29.0% of source-year revenue.
Asset Growth
78th percentile
Faster asset growth than 78% of similar nonprofits.
Revenue Growth
45th percentile
Faster revenue growth than 45% of similar nonprofits.
Assets
Up$724,236
Up $109,301 (+18%) from 2023
Net Assets
Down$344,826
Down $25,289 (-6.8%) from 2023
Liabilities
Up$379,410
Up $134,590 (+55%) from 2023
Revenue
Up$1,429,567
Up $81,252 (+6.0%) from 2023
Expenses
Up$1,414,431
Up $89,445 (+6.8%) from 2023
Net Income
Down$15,136
Down $8,193 (-35%) from 2023
To efficiently provide unique capital and services to small businesses located in ri, ma and ct; helping them acquire equipment and commercial real estate to grow their businesses.
To efficiently provide unique capital and services to small businesses located in ri, ma and ct; helping them acquire equipment and commercial real estate to grow ehtier businesses.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Accounts Receivable | $446,672 | $565,672 | ▲ $119,000 |
| Prepaid Expenses and Deferred Charges | $82,985 | - | - |
| Loans From Officers Directors | - | $50,000 | - |
| Cash and Non-Interest-Bearing Accounts | $28,310 | $38,349 | ▲ $10,039 |
| Land, Buildings, and Equipment, Net | $56,505 | $37,432 | ▼ $19,073 |
| Savings and Temporary Cash Investments | $163 | $163 | → $0 |
| Total Assets | $614,935 | $724,236 | ▲ $109,301 |
| Other Assets Total | $300 | $82,620 | ▲ $82,320 |
| Liabilities | |||
| Other Liabilities | $76,000 | $184,190 | ▲ $108,190 |
| Mortgage Notes Payable Secured by Investment Property | $165,706 | $142,338 | ▼ $23,368 |
| Accounts Payable and Accrued Expenses | $3,114 | $2,882 | ▼ $232 |
| Total Liabilities | $244,820 | $379,410 | ▲ $134,590 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $370,115 | $344,826 | ▼ $25,289 |
| Total Net Assets Fund Balance | $370,115 | $344,826 | ▼ $25,289 |
| Total Liabilities and Net Assets / Fund Balance | $614,935 | $724,236 | ▲ $109,301 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $37,432 | $93,563 | $130,995 |
| Other Assets Org | $300 | - | - |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Russell a Gaston | President | FT | $197,425 | $217,041 | $414,466 |
| James Tierney | VP Commercia | FT | $161,834 | $8,320 | $170,154 |
| James Tierney | VP Commercial Lendin | - | $129,394 | $40,760 | $170,154 |
| Amber Perry | Avp Portfoli | FT | $148,395 | - | $148,395 |
| Hasan Ali | Director | - | $800 | - | $800 |
| Kevin Casey | Director | - | $800 | - | $800 |
| Robert E Nickerson | Director | - | $800 | - | $800 |
| Sharyn Harrington | Director | - | $800 | - | $800 |
| Cristina Feden | Director | - | $600 | - | $600 |
| Eric Lichatin | Director | - | $600 | - | $600 |
| John Pimental | Director | - | $600 | - | $600 |
| Michael Levinson | Director | - | $600 | - | $600 |
| Russell W Hahn | Chairman | - | $400 | - | $400 |
| Sean Mcintyre | Director | - | $400 | - | $400 |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $1,047,967 |
| Other Expenses | $366,464 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Current Officers, Directors, Trustees, and Key Employees | $603,091 | - | - | $603,091 |
| Other Salaries and Wages | $258,723 | - | - | $258,723 |
| Other Employee Benefits | $94,755 | - | - | $94,755 |
| Occupancy | - | $56,196 | - | $56,196 |
| Information Technology | - | $55,137 | - | $55,137 |
| Payroll Taxes | $48,697 | - | - | $48,697 |
| Office Expenses | $32,617 | $14,528 | - | $47,145 |
| Pension Plan Contributions | $42,701 | - | - | $42,701 |
| Interest | - | $22,699 | - | $22,699 |
| Fees for Services Accounting | $22,300 | - | - | $22,300 |
| Depreciation Depletion | - | $20,355 | - | $20,355 |
| Insurance | - | $19,971 | - | $19,971 |
| Advertising | $15,234 | - | - | $15,234 |
| Travel | $14,471 | - | - | $14,471 |
| Fees for Services Other | $8,260 | - | - | $8,260 |
| Other Expenses | $10,039 | $7,580 | - | $7,580 |
| All Other Expenses | - | $2,201 | - | $2,201 |
| Total Functional Expenses | $1,180,330 | $234,101 | $0 | $1,414,431 |
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $1,414,816 |
| Expenses per Audited Statements | $1,414,431 |
| Total Expenses per Form 990 | $1,414,431 |
| Expenses Not Reported on Form 990 | $385 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Loans from Officers, Directors, Trustees, and Key Employees | - | $50,000 | - |
| Liability | Amount |
|---|---|
| Customer Deposits | $100,000 |
| Operating Lease Liability | $84,190 |
“No review was or will be conducted.”
“Compensation approved by board during budgeting process annually.”
“No documents available to the public”
“Book to tax - rou asset lease exp -385”
“The organization is exempt from income taxes under section 501(c)(4) of the internal. Management believes that the organization operates in a manner consistent with its taxexempt status at both the federal and state level. The organization evaluates all significant tax positions as required by gaap. As of september 30, 2024 and 2023, the organization does not believe that it has taken any tax positions that would require the recording of any additional tax liability nor does it believe that there are any realized tax benefits that would either increase or decrease within the next twelve months. The organization annually files irs form 990, reporting various information that the irs uses to monitor the activities of tax-exempt entities. These returns are subject to review by the taxing authorities generally for three years after they were filed. The organization currently has no tax examinations in progress.”
“ROU ASSET 385”
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/AccountantCompileOrReviewInd | 0 | false |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 3114 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 2882 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 446672 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 565672 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | TO EFFICIENTLY PROVIDE UNIQUE CAPITAL AND SERVICES TO SMALL BUSINESSES LOCATED IN RI, MA AND CT; HELPING THEM ACQUIRE EQUIPMENT AND COMMERCIAL REAL ESTATE TO GROW EHTIER BUSINESSES. |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 15234 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 15234 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 2201 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 2201 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/AuditCommitteeInd | 0 | true |
| IRS990/BackupWthldComplianceInd | 0 | true |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | RUSSELL A GASTON |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 4012911504 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 300 JEFFERSON BLVD |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | WARWICK |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | RI |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 02888 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | false |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 28310 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 38349 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 603091 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 603091 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | false |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 0 |
| IRS990/CYOtherExpensesAmt | 0 | 366464 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 1429567 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 15136 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 1047967 |
| IRS990/CYTotalExpensesAmt | 0 | 1414431 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 1429567 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 20355 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 20355 |
| IRS990/Desc | 0 | MAKING SECTION 504 SBA LOANS TO BUSINESSES IN ACCORDANCE WITH THE RULES AND REGULATIONS PROMULGATED BY THE US SMALL BUSINESS ADMINISTRATION. |
| IRS990/DescribedInSection501c3Ind | 0 | false |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | false |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 4 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 1180330 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt | 0 | 22300 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 22300 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 8260 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 8260 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 11 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 12 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 9 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 10 | X |
| IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 28941 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 8320 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | RUSSELL A GASTON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | JAMES TIERNEY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | AMBER PERRY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | HASAN ALI |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | KEVIN CASEY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | SHARYN HARRINGTON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | ROBERT E NICKERSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | CRISTINA FEDEN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | MICHAEL LEVINSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | ERIC LICHATIN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | JOHN PIMENTAL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | RUSSELL W HAHN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 12 | SEAN MCINTYRE |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 385525 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 161834 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 148395 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 800 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 800 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 800 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 800 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 600 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 600 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 600 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 600 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 400 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 12 | 400 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | VP COMMERCIA |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | AVP PORTFOLI |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | CHAIRMAN |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | DIRECTOR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | false |
| IRS990/FormationYr | 0 | 1980 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | true |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 11 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 1429567 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | true |
| IRS990/IndependentAuditFinclStmtInd | 0 | true |
| IRS990/IndependentVotingMemberCnt | 0 | 10 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 3 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIInd | 0 | X |
| IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt | 0 | 55137 |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 55137 |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 19971 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 19971 |
| IRS990/InterestGrp/ManagementAndGeneralAmt | 0 | 22699 |
| IRS990/InterestGrp/TotalAmt | 0 | 22699 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/IRPDocumentCnt | 0 | 8 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 93563 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 56505 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 37432 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 130995 |
| IRS990/LegalDomicileStateCd | 0 | RI |
| IRS990/LoanOutstandingInd | 0 | true |
| IRS990/LoansFromOfficersDirectorsGrp/EOYAmt | 0 | 50000 |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | TO EFFICIENTLY PROVIDE UNIQUE CAPITAL AND SERVICES TO SMALL BUSINESSES LOCATED IN RI, MA AND CT; HELPING THEM ACQUIRE EQUIPMENT AND COMMERCIAL REAL ESTATE TO GROW THEIR BUSINESSES. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt | 0 | 165706 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 142338 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 370115 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 344826 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 370115 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 344826 |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 56196 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 56196 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 14528 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 32617 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 47145 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 300 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 82620 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | -385 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 94755 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 94755 |
| IRS990/OtherExpensesGrp/Desc | 0 | MEALS AND ENTERTAINMENT |
| IRS990/OtherExpensesGrp/Desc | 1 | BAD DEBTS/CANCELLATIONS |
| IRS990/OtherExpensesGrp/Desc | 2 | CREDIT/FLOOD REPORTS |
| IRS990/OtherExpensesGrp/Desc | 3 | DUES AND SUBSCRIPTIONS |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 35434 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 7580 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 29442 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 10039 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 35434 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 29442 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 10039 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 7580 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 76000 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 184190 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 258723 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 258723 |
| IRS990/OtherWebsiteInd | 0 | X |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 48697 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 48697 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 42701 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 42701 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 82985 |
| IRS990/PrincipalOfficerNm | 0 | RUSSELL A GASTON |
| IRS990/PriorPeriodAdjustmentsAmt | 0 | -40040 |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 900004 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 900004 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 2 | 900004 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | SERVICE FEES |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | PROCESSING FEES |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | ESCROW FLOAT INTEREST |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 794196 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 541466 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 2 | 93905 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 794196 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 541466 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 93905 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYOtherExpensesAmt | 0 | 431128 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 1348315 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 23329 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 893858 |
| IRS990/PYTotalExpensesAmt | 0 | 1324986 |
| IRS990/PYTotalRevenueAmt | 0 | 1348315 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 15136 |
| IRS990/RegularMonitoringEnfrcInd | 0 | false |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | true |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RevenueAmt | 0 | 1429567 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 163 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 163 |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 37432 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 93563 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 130995 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 385 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 1414431 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 82320 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 1 | 300 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | ROU ASSET, NET |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 1 | DEPOSIT |
| IRS990ScheduleD/OtherExpensesIncludedAmt | 0 | 385 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 100000 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 84190 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | CUSTOMER DEPOSITS |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | OPERATING LEASE LIABILITY |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 1429567 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(4) OF THE INTERNAL. MANAGEMENT BELIEVES THAT THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH ITS TAXEXEMPT STATUS AT BOTH THE FEDERAL AND STATE LEVEL. THE ORGANIZATION EVALUATES ALL SIGNIFICANT TAX POSITIONS AS REQUIRED BY GAAP. AS OF SEPTEMBER 30, 2024 AND 2023, THE ORGANIZATION DOES NOT BELIEVE THAT IT HAS TAKEN ANY TAX POSITIONS THAT WOULD REQUIRE THE RECORDING OF ANY ADDITIONAL TAX LIABILITY NOR DOES IT BELIEVE THAT THERE ARE ANY REALIZED TAX BENEFITS THAT WOULD EITHER INCREASE OR DECREASE WITHIN THE NEXT TWELVE MONTHS. THE ORGANIZATION ANNUALLY FILES IRS FORM 990, REPORTING VARIOUS INFORMATION THAT THE IRS USES TO MONITOR THE ACTIVITIES OF TAX-EXEMPT ENTITIES. THESE RETURNS ARE SUBJECT TO REVIEW BY THE TAXING AUTHORITIES GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. THE ORGANIZATION CURRENTLY HAS NO TAX EXAMINATIONS IN PROGRESS. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | ROU ASSET 385 |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE D, PAGE 3, PART X |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | SCHEDULE D, PAGE 4, PART XII, LINE 2D |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 37432 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 82620 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 1414431 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 184190 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 1429567 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 1429567 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 1414816 |
| IRS990ScheduleJ/AnyNonFixedPaymentsInd | 0 | false |
| IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd | 0 | false |
| IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd | 0 | false |
| IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd | 0 | false |
| IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd | 0 | false |
| IRS990ScheduleJ/EquityBasedCompArrngmInd | 0 | false |
| IRS990ScheduleJ/InitialContractExceptionInd | 0 | false |
| IRS990/ScheduleJRequiredInd | 0 | true |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt | 0 | 197425 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt | 1 | 129394 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount | 0 | 187300 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount | 1 | 32440 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt | 0 | 13641 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt | 1 | 7120 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt | 0 | 15300 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt | 1 | 1200 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt | 0 | 800 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | RUSSELL A GASTON |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 1 | JAMES TIERNEY |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 1 | VP COMMERCIAL LENDIN |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt | 0 | 414466 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt | 1 | 170154 |
| IRS990ScheduleJ/SeverancePaymentInd | 0 | false |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | false |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt | 0 | 50000 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd | 0 | true |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd | 0 | false |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt | 0 | CASH FLOW/LIQUIDITY |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd | 0 | X |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt | 0 | 50000 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm | 0 | NOTE PAYABLE - OFFICER |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt | 0 | RUSSELL GASTON-CEO |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd | 0 | false |
| IRS990ScheduleL/TotalBalanceDueAmt | 0 | 50000 |
| IRS990/ScheduleORequiredInd | 0 | false |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | NO REVIEW WAS OR WILL BE CONDUCTED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | COMPENSATION APPROVED BY BOARD DURING BUDGETING PROCESS ANNUALLY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | NO DOCUMENTS AVAILABLE TO THE PUBLIC |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | BOOK TO TAX - ROU ASSET LEASE EXP -385 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART XI, LINE 9 |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 614935 |
| IRS990/TotalAssetsEOYAmt | 0 | 724236 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 614935 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 724236 |
| IRS990/TotalCompGreaterThan150KInd | 0 | true |
| IRS990/TotalEmployeeCnt | 0 | 4 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 234101 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 1180330 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 1414431 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 244820 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 379410 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 244820 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 379410 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 370115 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 344826 |
| IRS990/TotalOtherCompensationAmt | 0 | 37261 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 1180330 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 1429567 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 702154 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 1429567 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 1429567 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 614935 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 724236 |
| IRS990/TravelGrp/ProgramServicesAmt | 0 | 14471 |
| IRS990/TravelGrp/TotalAmt | 0 | 14471 |
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Displayed year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
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