Liabilities / Assets
45th percentile
Higher debt load relative to assets than 45% of similar nonprofits.
990 • Fiscal year 2015 • EIN 13-3407599
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
45th percentile
Higher debt load relative to assets than 45% of similar nonprofits.
Liabilities / Revenue
84th percentile
Higher debt load relative to revenue than 84% of similar nonprofits.
Net Margin
9th percentile
Higher net margin than 9% of similar nonprofits.
Top Officer Pay
78th percentile
Higher top officer pay than 78% of similar nonprofits.
Top officer pay equals 32.7% of source-year revenue.
Asset Growth
11th percentile
Faster asset growth than 11% of similar nonprofits.
Revenue Growth
87th percentile
Faster revenue growth than 87% of similar nonprofits.
Assets
Down$5,957,335
Down $584,218 (-8.9%) from 2014
Net Assets
Down$5,115,552
Down $484,426 (-8.7%) from 2014
Liabilities
Down$841,783
Down $99,792 (-11%) from 2014
Revenue
Up$630,337
Up $185,223 (+42%) from 2014
Expenses
Up$832,972
Up $41,549 (+5.2%) from 2014
Net Income
Up-$202,635
Up $143,674 (+41%) from 2014
The business consortium fund (bcf) provides access to capital to national minority supplier development council (nmsdc) certified minority business entrepreneurs (mbe) unable to secure financing on reasonable terms through traditional lending channels. A number of financing programs are available through the bcf, including: contract, accounts receivable and equipment financing, working capital loans, term loans and equity based funding.
To provide access to capital to nmsdc council certified minority business entrpreneurs unable to secure financing on reasonable terms through traditional lending channels.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments Program Related | $2,836,155 | $3,129,556 | ▲ $293,401 |
| Cash and Non-Interest-Bearing Accounts | $2,134,723 | $1,594,576 | ▼ $540,147 |
| Investments Other Securities | $1,136,935 | $1,082,511 | ▼ $54,424 |
| Receivables From Officers Etc | $39,821 | $39,821 | → $0 |
| Prepaid Expenses and Deferred Charges | $37,808 | $17,997 | ▼ $19,811 |
| Accounts Receivable | $340 | $11,950 | ▲ $11,610 |
| Land, Buildings, and Equipment, Net | - | $8,007 | - |
| Savings and Temporary Cash Investments | $0 | $0 | → $0 |
| Other Notes and Loans Receivable, Net | $0 | $0 | → $0 |
| Pledges and Grants Receivable | $0 | $0 | → $0 |
| Receivable From Disqualified Prsn | $0 | $0 | → $0 |
| Investments in Publicly Traded Securities | $0 | $0 | → $0 |
| Intangible Assets | $0 | $0 | → $0 |
| Inventories for Sale or Use | $0 | $0 | → $0 |
| Loans From Officers Directors | $0 | $0 | → $0 |
| Total Assets | $6,269,090 | $5,957,335 | ▼ $311,755 |
| Other Assets Total | $83,308 | $72,917 | ▼ $10,391 |
| Liabilities | |||
| Other Liabilities | $842,058 | $728,073 | ▼ $113,985 |
| Accounts Payable and Accrued Expenses | $54,419 | $113,710 | ▲ $59,291 |
| Grants Payable | $0 | $0 | → $0 |
| Mortgage Notes Payable Secured by Investment Property | $0 | $0 | → $0 |
| Unsecured Notes Loans Payable | $0 | $0 | → $0 |
| Deferred Revenue | $0 | $0 | → $0 |
| Escrow Account Liability | $0 | $0 | → $0 |
| Tax Exempt Bond Liabilities | $0 | $0 | → $0 |
| Total Liabilities | $896,477 | $841,783 | ▼ $54,694 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $5,372,613 | $5,115,552 | ▼ $257,061 |
| Permanently Rstr Net Assets | $0 | $0 | → $0 |
| Temporarily Rstr Net Assets | $0 | $0 | → $0 |
| Total Net Assets Fund Balance | $5,372,613 | $5,115,552 | ▼ $257,061 |
| Total Liabilities and Net Assets / Fund Balance | $6,269,090 | $5,957,335 | ▼ $311,755 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $8,007 | $136 | $8,143 |
| Investment Program Related Org | $3,129,556 | - | - |
| Closely Held Equity Interests | $1,082,511 | - | - |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Serafin Mariel | President | FT | $175,906 | $30,018 | $205,924 |
| Socorro Vallejo | Controller | FT | $88,447 | $16,764 | $105,211 |
| Ruben Rodriguez | Chief Lending Officer | FT | $72,898 | $22,221 | $95,119 |
| Elba Garcia | Manager/Loan Administrator | FT | $45,134 | $21,728 | $66,862 |
| Name | Title |
|---|---|
| Timothy McBride | Chairman |
| Kathleen Kress | Vice Chair |
| Benita Fortner | Director |
| Cristina Candia Lopez | Director |
| Estella Cramer | Director |
| John Adams | Director |
| Joset Wright-Lacey | Director |
| Margo Posey | Director |
| Mark Fischer | Director |
| Paul Rau | Director |
| Sigmund Huber | Director |
| Stephen Daste | Director |
| Thomas Fitzgerald | Director |
| Jeffrey Underweiser | Secretary |
| Daria Schuster | Treasurer |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $464,853 |
| Other Expenses | $368,119 |
| 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 | $349,632 | - | - | $349,632 |
| Occupancy | $109,412 | - | - | $109,412 |
| Office Expenses | $85,463 | - | - | $85,463 |
| Other Employee Benefits | $82,768 | - | - | $82,768 |
| Fees for Services Other | $54,014 | $0 | $0 | $54,014 |
| Fees for Services Legal | - | $37,918 | - | $37,918 |
| Fees for Services Accounting | - | $34,000 | - | $34,000 |
| Insurance | $27,316 | - | - | $27,316 |
| Payroll Taxes | $21,103 | - | - | $21,103 |
| Pension Plan Contributions | $11,350 | - | - | $11,350 |
| Travel | $8,854 | - | - | $8,854 |
| Other Expenses | $7,206 | - | - | $7,206 |
| Advertising | $3,800 | - | - | $3,800 |
| Depreciation Depletion | $136 | - | - | $136 |
| Total Functional Expenses | $761,054 | $71,918 | $0 | $832,972 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Interested Party | Relationship | Description | Shared Revenue | Amount |
|---|---|---|---|---|
| Jeff Underweiser | Board Secretary | Legal services provided | No | $29,428 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Receivables from Officers, Directors, Trustees, and Key Employees | $39,821 | $39,821 | → $0 |
| Loans from Officers, Directors, Trustees, and Key Employees | $0 | $0 | → $0 |
| Receivables from Disqualified Persons | $0 | $0 | → $0 |
| Liability | Amount |
|---|---|
| Paid in Investments | $728,073 |
“The bcf members consist of corporations, individuals, partnerships, and other business entities which have made an investment in the bcf for a minimum of two-years and are interested in stimulating the economic growth of certified minority entrepreneurs. Each member is entitled to one vote in person or by proxy in connection with affairs of the corporation and the election of bcf board of directors at the bcf's annual meeting of the members.”
“The bcf board of directors consists of representatives from bcf members as well as the president of the national minority supplier development council "nmsdc", the president of the bcf, a representative for each of the nmsdc regional council presidents, chairpersons and minority entrepreneurs, and any individuals appointed to the board by the chairman pursuant to the bcf bylaws. One-third of the directors in person or proxy constitute a quorum for the approval of transactions of the bcf's business, which consist of approval of corporatte financial statements, annual budget, pension plan, litigations, etc. Each board has the right to one vote in person or via proxy in connection with the corporation's affairs. The board of directors also has an executive committee which has been granted by the board the right to act on all matters regarding the bcf on behalf of the board to the full extent allowed by law. A majority of the members of the executive committee is required to approve any action.”
“Responsiblity for reviewing the completed form 990 has been delegated to the treasurer by the board of directors.”
“The executive committee with the assistance of a compensation consultant determines the salary of the president/ceo.”
“Governing documents, policies and financial statements are made available to the public upon request.”
“BCF is a public charity that is exempt from Federal income taxes pursuant to Section 501(c)(3) of the Internal Revenue Code. The Company has adopted the provisions of Financial Accounting Standards Board Accounting Standard codification ("FASB ASC") 740, Income Taxes. FASB ASC 740 creates a single model to address uncertainty in tax positions and clarifies the accounting for income taxes recognized by prescribing the minimum recognition threshold a tax position is required to meet before being recognized in the financial statements. FASB ASC 740 also provides guidance on recognition, measurement, clarification, treatment of interest and penalties, disclosure and transition.”
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 | 54419 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 113710 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 340 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 11950 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | TO PROVIDE ACCESS TO CAPITAL TO NMSDC COUNCIL CERTIFIED MINORITY BUSINESS ENTRPRENEURS UNABLE TO SECURE FINANCING ON REASONABLE TERMS THROUGH TRADITIONAL LENDING CHANNELS. |
| IRS990/AddressChangeInd | 0 | X |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 3800 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 3800 |
| IRS990/AllOtherContributionsAmt | 0 | 256274 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | false |
| IRS990/AuditCommitteeInd | 0 | true |
| IRS990/BackupWthldComplianceInd | 0 | true |
| IRS990/BenefitsToMembersGrp/TotalAmt | 0 | 0 |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | SOCORRO T VALLEJO |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 2122437360 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 305 SEVENTH AVENUE |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | NEW YORK |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 10001 |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | true |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 2134723 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 1594576 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 349632 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 349632 |
| IRS990/CompDisqualPersonsGrp/TotalAmt | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | false |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | true |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 305498 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 395 |
| IRS990/CYOtherExpensesAmt | 0 | 368119 |
| IRS990/CYOtherRevenueAmt | 0 | 80211 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 244233 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -202635 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 464853 |
| IRS990/CYTotalExpensesAmt | 0 | 832972 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 630337 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | true |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 0 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 136 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 136 |
| IRS990/Desc | 0 | A loan fund that provides affordable funds to certified minority vendors to finance transactions with member corporations of the National Minority Supplier Development Council, Inc and its affiliated regional minority purchasing councils. |
| IRS990/DescribedInSection501c3Ind | 0 | true |
| IRS990/DisregardedEntityInd | 0 | true |
| IRS990/DocumentRetentionPolicyInd | 0 | true |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | true |
| IRS990/EmployeeCnt | 0 | 4 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/EscrowAccountLiabilityGrp/BOYAmt | 0 | 0 |
| IRS990/EscrowAccountLiabilityGrp/EOYAmt | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 761054 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 34000 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 34000 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 37918 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 37918 |
| IRS990/FeesForServicesLobbyingGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesOtherGrp/FundraisingAmt | 0 | 0 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 54014 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 54014 |
| IRS990/FeesForServicesProfFundraising/TotalAmt | 0 | 0 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt | 0 | 0 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignGrantsGrp/TotalAmt | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form8282PropertyDisposedOfInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 0 | 0.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 1 | 0.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 2 | 0.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 3 | 0.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 4 | 0.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 5 | 0.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 6 | 0.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 7 | 0.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 8 | 0.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 9 | 0.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 10 | 0.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 11 | 0.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 12 | 0.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 13 | 0.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 14 | 0.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 15 | 0.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 16 | 0.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 17 | 0.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 18 | 0.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 2.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 2.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 2.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 2.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 2.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 2.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 2.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 2.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 2.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 2.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 2.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 11 | 2.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 12 | 2.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 13 | 2.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 14 | 2.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 15 | 40.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 16 | 40.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 17 | 40.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 18 | 40.0 |
| 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/IndividualTrusteeOrDirectorInd | 11 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 12 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 13 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 14 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| 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/OtherCompensationAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 15 | 30018 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 16 | 22221 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 17 | 21728 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 18 | 16764 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | Timothy McBride |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | Daria Schuster |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | Kathleen Kress |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | Jeffrey Underweiser |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | Mark Fischer |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | Margo Posey |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | Stephen Daste |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | Joset Wright-Lacey |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | Paul Rau |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | John Adams |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | Benita Fortner |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | Estella Cramer |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 12 | Thomas Fitzgerald |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 13 | Cristina Candia Lopez |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 14 | Sigmund Huber |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 15 | Serafin Mariel |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 16 | Ruben Rodriguez |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 17 | Elba Garcia |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 18 | Socorro Vallejo |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 15 | 175906 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 16 | 72898 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 17 | 45134 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 18 | 88447 |
| 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/ReportableCompFromRltdOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 15 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 16 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 17 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 18 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | Chairman |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | Treasurer |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | Vice Chair |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | Secretary |
| 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 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 14 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 15 | President |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 16 | Chief Lending Officer |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 17 | Manager/Loan Administrator |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 18 | Controller |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | false |
| IRS990/FormationYr | 0 | 1987 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | true |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 15 |
| IRS990/GovernmentGrantsAmt | 0 | 49224 |
| IRS990/GrantsPayableGrp/BOYAmt | 0 | 0 |
| IRS990/GrantsPayableGrp/EOYAmt | 0 | 0 |
| IRS990/GrantsToDomesticIndividualsGrp/TotalAmt | 0 | 0 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 0 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 630337 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | true |
| IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | false |
| IRS990/IndependentVotingMemberCnt | 0 | 15 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXInd | 0 | X |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 0 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 27316 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 27316 |
| IRS990/IntangibleAssetsGrp/BOYAmt | 0 | 0 |
| IRS990/IntangibleAssetsGrp/EOYAmt | 0 | 0 |
| IRS990/InterestGrp/TotalAmt | 0 | 0 |
| IRS990/InventoriesForSaleOrUseGrp/BOYAmt | 0 | 0 |
| IRS990/InventoriesForSaleOrUseGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 395 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 395 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt | 0 | 1136935 |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 1082511 |
| IRS990/InvestmentsProgramRelatedGrp/BOYAmt | 0 | 2836155 |
| IRS990/InvestmentsProgramRelatedGrp/EOYAmt | 0 | 3129556 |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 0 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 8 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 136 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 8007 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 8143 |
| IRS990/LegalDomicileStateCd | 0 | NY |
| IRS990/LoanOutstandingInd | 0 | true |
| IRS990/LoansFromOfficersDirectorsGrp/BOYAmt | 0 | 0 |
| IRS990/LoansFromOfficersDirectorsGrp/EOYAmt | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | true |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | THE BUSINESS CONSORTIUM FUND (BCF) PROVIDES ACCESS TO CAPITAL TO NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL (NMSDC) CERTIFIED MINORITY BUSINESS ENTREPRENEURS (MBE) UNABLE TO SECURE FINANCING ON REASONABLE TERMS THROUGH TRADITIONAL LENDING CHANNELS. A NUMBER OF FINANCING PROGRAMS ARE AVAILABLE THROUGH THE BCF, INCLUDING: CONTRACT, ACCOUNTS RECEIVABLE AND EQUIPMENT FINANCING, WORKING CAPITAL LOANS, TERM LOANS AND EQUITY BASED FUNDING. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt | 0 | 0 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 5372613 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 5115552 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | -54426 |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 109412 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 109412 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 85463 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 85463 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 83308 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 72917 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 82768 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 82768 |
| IRS990/OtherExpensesGrp/Desc | 0 | BAD DEBT EXPENSE |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 7206 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 7206 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 842058 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 728073 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 900099 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | ABSORPTION OF LOSS BY FUNDERS |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | 80211 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 80211 |
| IRS990/OtherRevenueTotalAmt | 0 | 80211 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 0 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 0 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 0 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PaymentsToAffiliatesGrp/TotalAmt | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | false |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 21103 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 21103 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 11350 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 11350 |
| IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt | 0 | 0 |
| IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt | 0 | 0 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 0 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 37808 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 17997 |
| IRS990/PrincipalOfficerNm | 0 | MR TIMOTHY MCBRIDE |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 525990 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 525990 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | INTEREST FROM LOANS |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | FEES |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 218878 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 25355 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 218878 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 25355 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 110000 |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 232 |
| IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | 179715 |
| IRS990/PYOtherRevenueAmt | 0 | 54273 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 113594 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -128643 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 227027 |
| IRS990/PYTotalExpensesAmt | 0 | 406742 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 278099 |
| IRS990/QuidProQuoContributionsInd | 0 | false |
| IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt | 0 | 0 |
| IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | false |
| IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt | 0 | 39821 |
| IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt | 0 | 39821 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -202635 |
| IRS990/RegularMonitoringEnfrcInd | 0 | false |
| IRS990/RelatedEntityInd | 0 | true |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | true |
| IRS990/RentalIncomeOrLossGrp/PersonalAmt | 0 | 0 |
| IRS990/RentalIncomeOrLossGrp/RealAmt | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | true |
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Displayed year
2015 • Form 990Detailed filing. Detailed filing data is available for this year.