Civic Intelligence

Credit Inc

990 • Fiscal year 2022 • EIN 13-3790222

Apr 01, 2021 to Mar 31, 2022 • Filed on Aug 31, 2023

555 Bergen Avenue 3rd FloorBronx, NY 10455

(718) 292-3113

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.79x

Higher debt load relative to assets than 92% of similar nonprofits.

2022 filings • NTEE S • <$500k nonprofits • Source year 2022

Liabilities / Revenue

97th percentile

2.50x

Higher debt load relative to revenue than 97% of similar nonprofits.

2022 filings • NTEE S • <$500k nonprofits • Source year 2022

Net Margin

5th percentile

-173%

Higher net margin than 5% of similar nonprofits.

2022 filings • NTEE S • <$500k nonprofits • Source year 2022

Top Officer Pay

99th percentile

$234,182

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 936.7% of source-year revenue.

2022 filings • NTEE S • <$500k nonprofits • Source year 2022

Asset Growth

64th percentile

11%

Faster asset growth than 64% of similar nonprofits.

2022 filings • NTEE S • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

11th percentile

-50%

Faster revenue growth than 11% of similar nonprofits.

2022 filings • NTEE S • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$79,171

Up $7,924 (+11%) from 2021

Net Assets

Down

$16,566

Down $43,369 (-72%) from 2021

Liabilities

Up

$62,605

Up $51,293 (+453%) from 2021

Revenue

Down

$25,000

Down $25,000 (-50%) from 2021

Expenses

Up

$68,369

Up $55,700 (+440%) from 2021

Net Income

Down

-$43,369

Down $80,700 (-216%) from 2021

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0-$50KAssets 2010: $60,625Liabilities 2010: $65,216Net Assets 2010: -$4,5912010Assets 2012: $64,351Liabilities 2012: $67,884Net Assets 2012: -$3,5332012Assets 2013: $105,860Liabilities 2013: $91,2142013Assets 2015: $141,227Liabilities 2015: $106,127Net Assets 2015: $35,1002015Assets 2016: $118,404Liabilities 2016: $64,682Net Assets 2016: $53,7222016Assets 2017: $113,385Liabilities 2017: $41,402Net Assets 2017: $71,9832017Assets 2018: $96,238Liabilities 2018: $58,943Net Assets 2018: $37,2952018Assets 2019: $41,060Liabilities 2019: $50,943Net Assets 2019: -$9,8832019Assets 2020: $24,200Liabilities 2020: $50,400Net Assets 2020: -$26,2002020Assets 2021: $71,247Liabilities 2021: $11,312Net Assets 2021: $59,9352021Assets 2022: $79,171Liabilities 2022: $62,605Net Assets 2022: $16,5662022Assets 2023: $78,931Liabilities 2023: $104,849Net Assets 2023: -$25,9182023

Highlighted filing

2022

Assets$79,171
Liabilities$62,605
Net Assets$16,566

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2010: $2,302Expenses 2010: $7,044Net Income 2010: -$4,7422010Revenue 2012: $34,393Expenses 2012: $33,340Net Income 2012: $1,0532012Revenue 2013: $33,057Expenses 2013: $14,878Net Income 2013: $18,1792013Revenue 2015: $100,940Expenses 2015: $77,874Net Income 2015: $23,0662015Revenue 2016: $93,774Expenses 2016: $75,152Net Income 2016: $18,6222016Revenue 2017: $82,602Expenses 2017: $64,341Net Income 2017: $18,2612017Revenue 2018: $48,954Expenses 2018: $40,121Net Income 2018: $8,8332018Revenue 2019: $54,200Expenses 2019: $101,378Net Income 2019: -$47,1782019Revenue 2020: $0Expenses 2020: $8,798Net Income 2020: -$8,7982020Revenue 2021: $50,000Expenses 2021: $12,669Net Income 2021: $37,3312021Revenue 2022: $25,000Expenses 2022: $68,369Net Income 2022: -$43,3692022Revenue 2023: $0Expenses 2023: $42,485Net Income 2023: -$42,4852023

Highlighted filing

2022

Revenue$25,000
Expenses$68,369
Net Income-$43,369
Jump To
Filing Snapshot
Filing Period
Apr 1, 2021 to Mar 31, 2022
Signed
Aug 31, 2023
Return Version
2021v4.2
Gross Receipts
$25,000
Mission and Program Overview

Mission

Credit inc's primary function is to facilitate capital and financial services for organizations, minority and female entrepreneurs and other businesses that, due to their location in a distressed or low-income community, are not adequately served by mainstream financial institutions, thereby enabling them to succeed and thrive.

Credit inc. Is a certified community development financial institution (cdfi) whose mission is to increase access to credit for small businesses in the south bronx through innovative financial products and services and to advance the economic well-being of residents and businesses through financial literacy education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$50,000$75,000▲ $25,000
Cash and Non-Interest-Bearing Accounts$19,412$4,171▼ $15,241
Land, Buildings, and Equipment, Net$1,835$0▼ $1,835
Total Assets$71,247$79,171▲ $7,924
Liabilities
Other Liabilities$11,312$62,605▲ $51,293
Total Liabilities$11,312$62,605▲ $51,293
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$59,935$16,566▼ $43,369
Total Net Assets Fund Balance$59,935$16,566▼ $43,369
Total Liabilities and Net Assets / Fund Balance$71,247$79,171▲ $7,924

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$14,684$14,684
Compensation and Service Providers

Employees

NameTitleOtherTotal
Delilah TysonCAO$124,311$124,311
Tonia ElvinCFO$121,696$121,696

Board Members and Trustees

NameTitle
Mark L CastleBoard Chair
Lourdes ZapataPresident & CEO
Arline ParksVice Chair
Jean SmithVice Chair
Cheryl MckissackBoard Member
Conor MccarthyBoard Member
Hugh GrantBoard Member
Jennifer RiveraBoard Member
Mark WillisBoard Member
Mayra Linares-garciaBoard Member
Patricia Nia RockBoard Member
Plinio AyalaBoard Member
Prisca Salazar-rodriguezBoard Member
Simon BergsonBoard Member
Tiffani BlakeBoard Member
William Bill BollingerBoard Member
Anthony M Riccio JrSecretary
Karen McguinnessTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$25,000
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-43,369

Audited Revenue Reconciliation

Revenue per Audited Statements
$25,000
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$25,000
Total Revenue per Form 990
$25,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$45,564
Other Expenses$22,805
Total Fundraising Expense$265
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$38,260--$38,260
Occupancy$7,520--$7,520
Payroll Taxes$7,304--$7,304
Depreciation Depletion-$1,836-$1,836
Other Expenses$241$2,377$265$241
Total Functional Expenses$63,891$4,213$265$68,369

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$68,369
Total Expenses per Audited Statements$68,369
Total Expenses per Form 990$68,369
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

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

Other Reported Liabilities

LiabilityAmount
Due to Related Organization$62,605
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

The organization does not have committees.

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

The form 990 is sent for review to the organization's governing board. The board reviews the 990 and recommends any changes. The board then approves the final return before it is filled with the irs.

Form 990, Part VI, Section C, Line 18

Credit, inc's financial statements are available to the public upon request.

Form 990, Part VI, Section C, Line 19

Credit, inc's financial statements are available to the public upon request.

Form 990, Part VI, Section B, Lines 12A, 12B, 12C, 13, 14

The organization follows the policies of the parent organization south bronx overall economic development corp, however, it has not formally adopted them as its' policies.

Filing and Contact Details

Filer

Filer Name
Credit Inc
EIN
13-3790222
Phone
7182923113
Address
555 BERGEN AVENUE 3RD FLOOR, BRONX, NY 10455

Signing Officer

Name
Lourdes Zapata
Title
President & CEO
Phone
7182923113
Signed
2023-08-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lourdes Zapata
Formed
1981
Legal Domicile
Ny
Voting Board Members
17
Independent Board Members
17
Employees
0
Volunteers
17

Preparer

Firm
Sax Llp
Address
389 INTERPACE PARKWAY STE 3, PARSIPPANY, NJ 07054
Preparer
Marqus White
Phone
9734726250
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The organization is exempt from income taxes under section 501(c)(3) of the internal revenue code and a similar provision of state law. Management evaluated the organization's tax positions in accordance with asc 740, uncertainty for income taxes and concluded that the organization had taken no uncertain tax positions that require adjustment to the consolidated and combined financial statements to comply with the provisions of this guidance.

Raw XML AppendixShowing 400 of 710 raw XML fields

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

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsReceivableGrp/BOYAmt050000
IRS990/AccountsReceivableGrp/EOYAmt075000
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0CREDIT INC. IS A CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) WHOSE MISSION IS TO INCREASE ACCESS TO CREDIT FOR SMALL BUSINESSES IN THE SOUTH BRONX THROUGH INNOVATIVE FINANCIAL PRODUCTS AND SERVICES AND TO ADVANCE THE ECONOMIC WELL-BEING OF RESIDENTS AND BUSINESSES THROUGH FINANCIAL LITERACY EDUCATION.
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0AMY M SMITHERMAN CFO
IRS990/BooksInCareOfDetail/PhoneNum07182923113
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0555 BERGEN AVENUE 3RD FLOOR
IRS990/BooksInCareOfDetail/USAddress/CityNm0BRONX
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd010455
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt019412
IRS990/CashNonInterestBearingGrp/EOYAmt04171
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt022805
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt025000
IRS990/CYRevenuesLessExpensesAmt0-43369
IRS990/CYSalariesCompEmpBnftPaidAmt045564
IRS990/CYTotalExpensesAmt068369
IRS990/CYTotalFundraisingExpenseAmt0265
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt025000
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt01836
IRS990/DepreciationDepletionGrp/TotalAmt01836
IRS990/Desc0THE PROCUREMENT AND TECHNICAL ASSISTANCE PROGRAM HELPED LOCAL BUSINESSES TO SECURE GOVERNMENT CONTRACTS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt063891
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form1098CFiledInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form8899Filedind00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt02.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt12.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt22.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt32.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt42.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt52.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt62.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt72.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt82.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt92.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt102.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt112.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt122.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt132.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt142.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt152.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt162.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt1732.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt1832.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt1932.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt141.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt151.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt161.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt173.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt183.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt193.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd16X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd7X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt178963
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt188381
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1942
IRS990/Form990PartVIISectionAGrp/PersonNm0MARK L CASTLE
IRS990/Form990PartVIISectionAGrp/PersonNm1JEAN SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm2ARLINE PARKS
IRS990/Form990PartVIISectionAGrp/PersonNm3KAREN MCGUINNESS
IRS990/Form990PartVIISectionAGrp/PersonNm4ANTHONY M RICCIO JR
IRS990/Form990PartVIISectionAGrp/PersonNm5SIMON BERGSON
IRS990/Form990PartVIISectionAGrp/PersonNm6MAYRA LINARES-GARCIA
IRS990/Form990PartVIISectionAGrp/PersonNm7HUGH GRANT
IRS990/Form990PartVIISectionAGrp/PersonNm8MARK WILLIS
IRS990/Form990PartVIISectionAGrp/PersonNm9PLINIO AYALA
IRS990/Form990PartVIISectionAGrp/PersonNm10TIFFANI BLAKE
IRS990/Form990PartVIISectionAGrp/PersonNm11WILLIAM BILL BOLLINGER
IRS990/Form990PartVIISectionAGrp/PersonNm12CONOR MCCARTHY
IRS990/Form990PartVIISectionAGrp/PersonNm13CHERYL MCKISSACK
IRS990/Form990PartVIISectionAGrp/PersonNm14JENNIFER RIVERA
IRS990/Form990PartVIISectionAGrp/PersonNm15PATRICIA NIA ROCK
IRS990/Form990PartVIISectionAGrp/PersonNm16PRISCA SALAZAR-RODRIGUEZ
IRS990/Form990PartVIISectionAGrp/PersonNm17LOURDES ZAPATA
IRS990/Form990PartVIISectionAGrp/PersonNm18TONIA ELVIN
IRS990/Form990PartVIISectionAGrp/PersonNm19DELILAH TYSON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt17225219
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt18113315
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt19124269
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt18CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt19CAO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01981
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt017
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt025000
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt017
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt014684
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01835
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt014684
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0CREDIT INC'S PRIMARY FUNCTION IS TO FACILITATE CAPITAL AND FINANCIAL SERVICES FOR ORGANIZATIONS, MINORITY AND FEMALE ENTREPRENEURS AND OTHER BUSINESSES THAT, DUE TO THEIR LOCATION IN A DISTRESSED OR LOW-INCOME COMMUNITY, ARE NOT ADEQUATELY SERVED BY MAINSTREAM FINANCIAL INSTITUTIONS, THEREBY ENABLING THEM TO SUCCED AND THRIVE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt059935
IRS990/NetAssetsOrFundBalancesEOYAmt016566
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt059935
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt016566
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt07520
IRS990/OccupancyGrp/TotalAmt07520
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc1BANK FEES
IRS990/OtherExpensesGrp/FundraisingAmt0265
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02377
IRS990/OtherExpensesGrp/ProgramServicesAmt010566
IRS990/OtherExpensesGrp/ProgramServicesAmt1241
IRS990/OtherExpensesGrp/TotalAmt013208
IRS990/OtherExpensesGrp/TotalAmt1241
IRS990/OtherLiabilitiesGrp/BOYAmt011312
IRS990/OtherLiabilitiesGrp/EOYAmt062605
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt038260
IRS990/OtherSalariesAndWagesGrp/TotalAmt038260
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt07304
IRS990/PayrollTaxesGrp/TotalAmt07304
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0LOURDES ZAPATA
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0812900
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICE REVENU
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt025000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt025000
IRS990/ProgSrvcAccomActy2Grp/Desc0THE INDUSTRIAL DEVELOPMENT AND JOB CREATION PROGRAMS PROVIDE AN EXTENSIVE RANGE OF COMMERCIAL AND INDUSTRIAL BUSINESS INCENTIVES THROUGH PARTNERSHIPS WITH GOVERNMENT AGENCIES TO ATTRACT INVESTMENT AND INSURE THE EXISTING BUSINESSES CAN THRIVE.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt012669
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt050000
IRS990/PYRevenuesLessExpensesAmt037331
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt012669
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt050000
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-43369
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt025000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt045000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt045000
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0200
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0158
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0358
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt025000
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt050000
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt075000
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0200
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0158
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0358
IRS990ScheduleA/InvestmentIncomeCYPct00.00200
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt09000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt048796
IRS990ScheduleA/OtherIncome509Grp/TotalAmt057796
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.67360
IRS990ScheduleA/PublicSupportTotal509Amt0120000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt025000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt050000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt045000
IRS990ScheduleA/Total509Grp/TotalAmt0120000
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt025000
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt050000
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt054200
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt048954
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0178154
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt014684
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt014684
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt068369
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt062605
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED ORGANIZATION
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt025000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND A SIMILAR PROVISION OF STATE LAW. MANAGEMENT EVALUATED THE ORGANIZATION'S TAX POSITIONS IN ACCORDANCE WITH ASC 740, UNCERTAINTY FOR INCOME TAXES AND CONCLUDED THAT THE ORGANIZATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED AND COMBINED FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt068369
IRS990ScheduleD/TotalLiabilityAmt062605
IRS990ScheduleD/TotalRevenuePerForm990Amt025000
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt025000
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt068369
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0225219
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.79$1.05$0.26$0.00$0.42$0.42
2022Detailed filing. Detailed filing data is available for this year.$0.79$0.63$0.17$0.25$0.68$0.43
2021Detailed filing. Detailed filing data is available for this year.$0.71$0.11$0.60$0.50$0.13$0.37
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.24$0.50$0.26$0.00$0.09$0.09
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.41$0.51$0.10$0.54$1.01$0.47
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.96$0.59$0.37$0.49$0.40$0.09
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.13$0.41$0.72$0.83$0.64$0.18
2016Detailed filing. Detailed filing data is available for this year.$1.18$0.65$0.54$0.94$0.75$0.19
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.41$1.06$0.35$1.01$0.78$0.23
2013Summary only. Only limited summary data is available for this year.$1.06$0.91$0.33$0.15$0.18
2012XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.64$0.68$0.04$0.34$0.33$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.61$0.65$0.05$0.02$0.07$0.05