Liabilities / Assets
57th percentile
Higher debt load relative to assets than 57% of similar nonprofits.
990 • Fiscal year 2020 • EIN 13-3407599
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
57th percentile
Higher debt load relative to assets than 57% of similar nonprofits.
Liabilities / Revenue
84th percentile
Higher debt load relative to revenue than 84% of similar nonprofits.
Net Margin
8th percentile
Higher net margin than 8% of similar nonprofits.
Top Officer Pay
88th percentile
Higher top officer pay than 88% of similar nonprofits.
Top officer pay equals 29.4% of source-year revenue.
Asset Growth
9th percentile
Faster asset growth than 9% of similar nonprofits.
Revenue Growth
89th percentile
Faster revenue growth than 89% of similar nonprofits.
Assets
Down$3,852,414
Down $388,092 (-9.2%) from 2019
Net Assets
Down$3,277,570
Down $397,327 (-11%) from 2019
Liabilities
Up$574,844
Up $9,235 (+1.6%) from 2019
Revenue
Up$621,310
Up $242,348 (+64%) from 2019
Expenses
Up$922,131
Up $97,032 (+12%) from 2019
Net Income
Up-$300,821
Up $145,316 (+33%) from 2019
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 | |||
| Savings and Temporary Cash Investments | $1,423,978 | $1,490,796 | ▲ $66,818 |
| Investments Program Related | $1,881,631 | $1,282,332 | ▼ $599,299 |
| Investments Other Securities | $844,324 | $749,706 | ▼ $94,618 |
| Accounts Receivable | $5,687 | $252,973 | ▲ $247,286 |
| Prepaid Expenses and Deferred Charges | $22,645 | $20,459 | ▼ $2,186 |
| Land, Buildings, and Equipment, Net | $13,542 | $6,229 | ▼ $7,313 |
| Cash and Non-Interest-Bearing Accounts | $1,184 | $27 | ▼ $1,157 |
| Other Notes and Loans Receivable, Net | $0 | $0 | → $0 |
| Pledges and Grants Receivable | $0 | $0 | → $0 |
| Receivable From Disqualified Prsn | $0 | $0 | → $0 |
| Receivables From Officers Etc | $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 | $4,240,506 | $3,852,414 | ▼ $388,092 |
| Other Assets Total | $47,515 | $49,892 | ▲ $2,377 |
| Liabilities | |||
| Other Liabilities | $464,477 | $375,729 | ▼ $88,748 |
| Unsecured Notes Loans Payable | $0 | $100,330 | ▲ $100,330 |
| Accounts Payable and Accrued Expenses | $101,132 | $98,785 | ▼ $2,347 |
| Grants Payable | $0 | $0 | → $0 |
| Mortgage Notes Payable Secured by Investment Property | $0 | $0 | → $0 |
| Deferred Revenue | $0 | $0 | → $0 |
| Escrow Account Liability | $0 | $0 | → $0 |
| Tax Exempt Bond Liabilities | $0 | $0 | → $0 |
| Total Liabilities | $565,609 | $574,844 | ▲ $9,235 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $3,674,897 | $3,277,570 | ▼ $397,327 |
| Net Assets With Donor Restrictions | $0 | $0 | → $0 |
| Total Net Assets Fund Balance | $3,674,897 | $3,277,570 | ▼ $397,327 |
| Total Liabilities and Net Assets / Fund Balance | $4,240,506 | $3,852,414 | ▼ $388,092 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $6,229 | $12,024 | $18,253 |
| Investment Program Related Org | $1,282,332 | - | - |
| Closely Held Equity Interests | $749,706 | - | - |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| G Winston Smith | President | FT | $150,298 | $32,126 | $182,424 |
| Socorro T Vallejo | VP/Controller | FT | $104,441 | $21,867 | $126,308 |
| Ruben Rodriguez | SVP, Chief Lending Officer | FT | $83,278 | $32,544 | $115,822 |
| Elba Garcia | Avp, Loan Portfolio Manager | FT | $71,299 | $30,688 | $101,987 |
| Name | Title |
|---|---|
| Henry Childs II | Chairman & CEO |
| Kris Oswold | Vice Chair |
| Clifford Bailey | Director |
| Kala Gibson | Director |
| Kathleen Kress | Director |
| Nancy McGuire | Director |
| Natalie McGrady | Director |
| Stacey Key | Director |
| Terrez Thompson | Director |
| Thomas C Fitzgerald | Director |
| Timothy McBride | Director |
| Jeffrey Underweiser | Secretary |
| John S Adams | Treasurer |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $585,563 |
| Other Expenses | $336,568 |
| Total Fundraising Expense | $61,768 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Current Officers, Directors, Trustees, and Key Employees | $325,020 | $201,070 | $14,624 | $540,714 |
| Office Expenses | $46,774 | $37,891 | $3,958 | $88,623 |
| Fees for Services Other | $19,273 | $38,807 | $19,161 | $77,241 |
| Occupancy | $29,436 | $20,135 | $1,293 | $50,864 |
| Fees for Services Legal | $11,222 | $22,597 | $11,157 | $44,976 |
| Fees for Services Accounting | $9,458 | $19,043 | $9,403 | $37,904 |
| Payroll Taxes | $17,878 | $11,094 | $814 | $29,786 |
| Insurance | $15,091 | $10,324 | $663 | $26,078 |
| Other Salaries and Wages | $8,258 | - | $145 | $8,403 |
| Other Employee Benefits | - | $5,938 | $426 | $6,364 |
| Travel | $3,865 | $2,154 | - | $6,019 |
| Depreciation Depletion | $2,815 | $1,924 | $124 | $4,863 |
| Pension Plan Contributions | $296 | - | - | $296 |
| Total Functional Expenses | $489,386 | $370,977 | $61,768 | $922,131 |
| Line Item | Amount |
|---|---|
| Fundraising Direct Expenses | $0 |
| Fundraising Gross Income | $0 |
| Gaming Direct Expenses | $0 |
| Gaming Gross Income | $0 |
| Professional Fundraising Fees | $0 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Loans from Officers, Directors, Trustees, and Key Employees | $0 | $0 | → $0 |
| Receivables from Disqualified Persons | $0 | $0 | → $0 |
| Receivables from Officers, Directors, Trustees, and Key Employees | $0 | $0 | → $0 |
| Liability | Amount |
|---|---|
| Paid in Investments | $375,729 |
“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.”
“Other changes in net assets Provision for possible loan loss of $1,240.”
“The Company follows 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 consolidated financial statements. FASB ASC 740 also provides guidance on recognition, measurement, clarification, treatment of interest and penalties, disclosure and transition. Management has determined there are no uncertain tax positions taken. These consolidated financial statements do not include any expenses related to penalties or interest from income taxes.”
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 | 101132 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 98785 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 5687 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 252973 |
| 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/AdvertisingGrp/TotalAmt | 0 | 0 |
| IRS990/AllOtherContributionsAmt | 0 | 376500 |
| 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 | 575 LEXINGTON AVENUE4TH FLOOR |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | NEW YORK |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 10022 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | false |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 1184 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 27 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt | 0 | 14624 |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 201070 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 325020 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 540714 |
| 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/CostOfGoodsSoldAmt | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 376500 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 3910 |
| IRS990/CYOtherExpensesAmt | 0 | 336568 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 240900 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -300821 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 585563 |
| IRS990/CYTotalExpensesAmt | 0 | 922131 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 61768 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 621310 |
| 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/FundraisingAmt | 0 | 124 |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 1924 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 2815 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 4863 |
| IRS990/Desc | 0 | A NONPROFIT LENDER THAT PROVIDES FINANCING TO CERTIFIED MINORITY-OWNED BUSINESSES THAT ENGAGE IN BUSINESS-RELATED ACTIVITY WITH CORPORATE MEMBERS OF THE NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL AND ITS AFFILIATED REGIONAL COUNCILS. |
| IRS990/DescribedInSection501c3Ind | 0 | true |
| IRS990/DisregardedEntityInd | 0 | true |
| IRS990/DocumentRetentionPolicyInd | 0 | true |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/DonorRestrictionNetAssetsGrp/BOYAmt | 0 | 0 |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 0 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | true |
| IRS990/EmployeeCnt | 0 | 6 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/EscrowAccountLiabilityGrp/BOYAmt | 0 | 0 |
| IRS990/EscrowAccountLiabilityGrp/EOYAmt | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 489386 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/FundraisingAmt | 0 | 9403 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 19043 |
| IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt | 0 | 9458 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 37904 |
| IRS990/FeesForServicesLegalGrp/FundraisingAmt | 0 | 11157 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 22597 |
| IRS990/FeesForServicesLegalGrp/ProgramServicesAmt | 0 | 11222 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 44976 |
| IRS990/FeesForServicesLobbyingGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesOtherGrp/FundraisingAmt | 0 | 19161 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 38807 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 19273 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 77241 |
| 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/AverageHoursPerWeekRt | 0 | 40.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 40.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 40.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 40.0 |
| 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 | 2.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 16 | 2.0 |
| 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/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 | 32126 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 21867 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 32544 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 30688 |
| 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 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 16 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | G Winston Smith |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | Socorro T Vallejo |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | Ruben Rodriguez |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | ELBA GARCIA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | Timothy McBride |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | Kris Oswold |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | Jeffrey Underweiser |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | John S Adams |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | Stacey Key |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | Terrez Thompson |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | Clifford Bailey |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | Thomas C Fitzgerald |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 12 | Nancy McGuire |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 13 | Henry Childs II |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 14 | Natalie McGrady |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 15 | Kala Gibson |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 16 | Kathleen Kress |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 150298 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 104441 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 83278 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 71299 |
| 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 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 16 | 0 |
| 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/TitleTxt | 0 | President |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | VP/Controller |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | SVP, CHIEF LENDING OFFICER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | AVP, LOAN PORTFOLIO MANAGER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | Vice Chair |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | Secretary |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | Treasurer |
| 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 | Chairman & CEO |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 14 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 15 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 16 | Director |
| 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/FundraisingDirectExpensesAmt | 0 | 0 |
| IRS990/FundraisingGrossIncomeAmt | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GamingDirectExpensesAmt | 0 | 0 |
| IRS990/GamingGrossIncomeAmt | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 14 |
| 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 | 621310 |
| IRS990/GrossSalesOfInventoryAmt | 0 | 0 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | true |
| IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | false |
| IRS990/IndependentVotingMemberCnt | 0 | 13 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 2 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIInd | 0 | X |
| IRS990/InfoInScheduleOPartXInd | 0 | X |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 0 |
| IRS990/InsuranceGrp/FundraisingAmt | 0 | 663 |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 10324 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 15091 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 26078 |
| 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 | 3910 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 3910 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt | 0 | 844324 |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 749706 |
| IRS990/InvestmentsProgramRelatedGrp/BOYAmt | 0 | 1881631 |
| IRS990/InvestmentsProgramRelatedGrp/EOYAmt | 0 | 1282332 |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 0 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 8 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 12024 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 13542 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 6229 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 18253 |
| IRS990/LegalDomicileStateCd | 0 | NY |
| IRS990/LoanOutstandingInd | 0 | false |
| 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 | 3674897 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 3277570 |
| 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 | -95266 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 3674897 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 3277570 |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/FundraisingAmt | 0 | 1293 |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 20135 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 29436 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 50864 |
| IRS990/OfficeExpensesGrp/FundraisingAmt | 0 | 3958 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 37891 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 46774 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 88623 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 47515 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 49892 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | -1240 |
| IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt | 0 | 426 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 5938 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 6364 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 464477 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 375729 |
| IRS990/OtherRevenueTotalAmt | 0 | 0 |
| IRS990/OtherSalariesAndWagesGrp/FundraisingAmt | 0 | 145 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 8258 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 8403 |
| 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/FundraisingAmt | 0 | 814 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 11094 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 17878 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 29786 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 296 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 296 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 0 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 22645 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 20459 |
| IRS990/PrincipalOfficerNm | 0 | Sahra Halpern |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 525990 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 525990 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 2 | 525990 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | INTEREST INCOME FROM LOANS |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | ABSORPTION OF LOSS BY FUNDERS |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | OTHER REVENUES |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 119658 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 88748 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 2 | 32494 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 119658 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 88748 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 32494 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 87776 |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 29449 |
| IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | 267073 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 261737 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -446137 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 558026 |
| IRS990/PYTotalExpensesAmt | 0 | 825099 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 378962 |
| IRS990/QuidProQuoContributionsInd | 0 | false |
| IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt | 0 | 0 |
| IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | false |
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Displayed year
2020 • Form 990Detailed filing. Detailed filing data is available for this year.