Civic Intelligence

Finanta

990 • Fiscal year 2019 • EIN 23-2857766

Jul 01, 2018 to Jun 30, 2019 • Filed on Nov 05, 2019

Organization ProfileN/A
1301 North 2nd StreetPhiladelphia, PA 19122

(215) 426-3882

Siviq Scores

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

Liabilities / Assets

56th percentile

0.26x

Higher debt load relative to assets than 56% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

85th percentile

1.54x

Higher debt load relative to revenue than 85% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

93rd percentile

58%

Higher net margin than 93% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

30th percentile

$123,533

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

69th percentile

10%

Faster asset growth than 69% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

11th percentile

-26%

Faster revenue growth than 11% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$24,614,281

Up $2,262,732 (+10%) from 2018

Net Assets

Up

$18,176,806

Up $2,443,442 (+16%) from 2018

Liabilities

Down

$6,437,475

Down $180,710 (-2.7%) from 2018

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin93rd percentile

Revenue

Down

$4,181,525

Down $1,481,416 (-26%) from 2018

Expenses

Down

$1,738,083

Down $36,975 (-2.1%) from 2018

Net Income

Down

$2,443,442

Down $1,444,441 (-37%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth69th percentile

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

$30M$20M$10M$0Assets 2011: $9,248,542Liabilities 2011: $1,713,231Net Assets 2011: $7,535,3112011Assets 2012: $10,713,342Liabilities 2012: $2,454,818Net Assets 2012: $8,258,5242012Assets 2013: $12,738,562Liabilities 2013: $3,728,774Net Assets 2013: $9,009,7882013Assets 2014: $13,482,043Liabilities 2014: $3,728,735Net Assets 2014: $9,753,3082014Assets 2015: $13,788,093Liabilities 2015: $3,324,728Net Assets 2015: $10,463,3652015Assets 2016: $16,320,494Liabilities 2016: $4,905,347Net Assets 2016: $11,415,1472016Assets 2017: $20,342,831Liabilities 2017: $8,497,350Net Assets 2017: $11,845,4812017Assets 2018: $22,351,549Liabilities 2018: $6,618,185Net Assets 2018: $15,733,3642018Assets 2019: $24,614,281Liabilities 2019: $6,437,475Net Assets 2019: $18,176,8062019Assets 2020: $26,712,102Liabilities 2020: $6,752,458Net Assets 2020: $19,959,6442020

Highlighted filing

2019

Assets$24,614,281
Liabilities$6,437,475
Net Assets$18,176,806
Open 2019 Filing

Operations Trend

Revenue Growth11th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $675,174Expenses 2011: $792,927Net Income 2011: -$117,7532011Expenses 2012: $1,404,4352012Expenses 2013: $1,063,5312013Revenue 2014: $1,940,991Expenses 2014: $1,197,471Net Income 2014: $743,5202014Revenue 2015: $1,408,398Expenses 2015: $1,398,341Net Income 2015: $10,0572015Revenue 2016: $2,892,237Expenses 2016: $1,940,455Net Income 2016: $951,7822016Revenue 2017: $1,795,171Expenses 2017: $1,364,837Net Income 2017: $430,3342017Revenue 2018: $5,662,941Expenses 2018: $1,775,058Net Income 2018: $3,887,8832018Revenue 2019: $4,181,525Expenses 2019: $1,738,083Net Income 2019: $2,443,4422019Revenue 2020: $3,961,565Expenses 2020: $2,169,711Net Income 2020: $1,791,8542020

Highlighted filing

2019

Revenue$4,181,525
Expenses$1,738,083
Net Income$2,443,442
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 5, 2019
Return Version
2018v3.1
Gross Receipts
$4,181,525
Mission and Program Overview

Mission

A non-profit lending institution facilitating access to capital and consultation services to entrepreneurs, first-time homebuyers, and consumers in the delaware valley region.

Finanta is a nonprofit lending institution facilitating access to capital and consultation services to entrepreneurs, first-time homebuyers and consumers in the delaware valley region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$13,095,471$13,310,226▲ $214,755
Savings and Temporary Cash Investments$4,411,060$5,233,201▲ $822,141
Land, Buildings, and Equipment, Net$2,088,810$2,433,410▲ $344,600
Cash and Non-Interest-Bearing Accounts$2,468,419$2,323,207▼ $145,212
Pledges and Grants Receivable$280,823$1,297,603▲ $1,016,780
Prepaid Expenses and Deferred Charges$6,966$16,634▲ $9,668
Total Assets$22,351,549$24,614,281▲ $2,262,732
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,855,636$5,843,156▼ $12,480
Other Liabilities$708,688$474,048▼ $234,640
Accounts Payable and Accrued Expenses$53,861$120,271▲ $66,410
Total Liabilities$6,618,185$6,437,475▼ $180,710
Net Assets / Fund Balance
Unrestricted Net Assets$12,814,489$13,336,296▲ $521,807
Temporarily Rstr Net Assets$2,918,875$4,840,510▲ $1,921,635
Total Net Assets Fund Balance$15,733,364$18,176,806▲ $2,443,442
Total Liabilities and Net Assets / Fund Balance$22,351,549$24,614,281▲ $2,262,732

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,061,806$225,460$2,287,266
Land$353,419-$353,419
Equipment$18,185$207,129$225,314
Compensation and Service Providers
Top Officer Pay30th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Luis MoraPresidentFT$108,568$14,965$123,533

Board Members and Trustees

NameTitle
Allen LamboyBoard Chair
Vince TsengBoard Vice Chair
Antonio PelosiDirector
Corinne Samler Brennan EsqDirector
Lenin AgudoDirector
Natalia Dominguez-buckleyDirector
Robin LincolnDirector
Rosa MontijoSecretary
Lawrence MccomieTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,628,817
Program Service Revenue
$1,533,574
Investment Income
$19,134
Other Revenue
$0
All Other Contributions
$1,974,259
Change in Net Assets
$2,443,442

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,181,525
Total Revenue per Audited Statements
$4,181,525
Total Revenue per Form 990
$4,181,525
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,209,555
Other Expenses$528,528
Total Fundraising Expense$50,171
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$580,975$267,911$18,240$867,126
Other Employee Benefits$97,056$43,461$4,347$144,864
Current Officers, Directors, Trustees, and Key Employees$74,397$25,539$11,103$111,039
Payroll Taxes$57,971$25,958$2,597$86,526
Interest$66,725$0$0$66,725
Office Expenses$43,830$19,627$1,965$65,422
Fees for Services Other$26,868$9,120$4,113$40,101
Depreciation Depletion$26,187$11,727$1,174$39,088
Insurance$14,587$6,531$653$21,771
Conferences and Meetings$13,693$6,118$611$20,422
Fees for Services Accounting$12,097$4,153$1,806$18,056
Travel$8,298$3,717$371$12,386
Advertising$7,998$3,630$372$12,000
Occupancy$8,008$3,586$358$11,952
Other Expenses$10,048$0$0$10,048
All Other Expenses$1,976$885$88$2,949
Fees for Services Legal$626$215$94$935
Total Functional Expenses$1,232,862$455,050$50,171$1,738,083

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,738,083
Total Expenses per Audited Statements$1,738,083
Total Expenses per Form 990$1,738,083
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
Escrow Payable$310,890
Contract Advances Payable$161,443
Tenant Security Deposits$1,715
Governance and Compliance

Governance Checklist

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

Filer

Filer Name
Finanta
EIN
23-2857766
Phone
2154263882
Address
1301 NORTH 2ND STREET, PHILADELPHIA, PA 19122

Signing Officer

Name
Luis Mora
Title
President
Phone
2154263882
Signed
2019-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Luis Mora
Formed
1996
Legal Domicile
Pa
Voting Board Members
10
Independent Board Members
9
Employees
22
Volunteers
0

Preparer

Firm
Ruotolo Spewak & Co
Address
101 CHESTNUT AVE, MOUNT LAUREL, NJ 08054-9405
Preparer
Daniel J Ruotolo CPA Ms
Phone
8562731282
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“The organization's board of directors and president review the 990 together to verify the amounts reported agree with the organization's audited financial statements for the year and all questions are answered accuratley. In addition, an independent audit committee also reviews the 990 and the organization's audited financial statements for the year.”

Pt VI, Line 12C

“The board completes an annual questionnaire.”

Pt VI, Line 15A

“The president's compensation is approved by the board.”

Pt VI, Line 19

“The organization's governing documents and financial statemetns are available to the public in the organization's office upon request.”

Pt XII, Line 2C

“The board of directors oversees the audit.”

Financial Statement Notes

Pt X, Line 2

“The organization is exempt from federal income tax under section 501(c)(3) of the internal revenue code. In addition, the organization qualifies for the charitable contribution deduction under section 170(b)(1)(a) and has been classified as an organization other than a private foundation under section 509(a)(2). Accordingly, no provision for income taxes is provided. The organization has reviewed tax positions taken in filings with federal and state jurisdictions and believes those positions would be sustained should the filings be examined by the relevant taxing authority. For federal income tax purposes, the returns remain open for possible examination three years after they are filed. The organization's policy is to recognize interest and penalties on unrecognized tax benefits in other expense in the statement of activities. No interest and penalties were recorded during the year ended june 30, 2019.”

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IRS990/OtherExpensesGrp/Desc0LOAN LOSS
IRS990/OtherExpensesGrp/Desc1OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc2UTILITIES
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt210132
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IRS990/OtherExpensesGrp/ProgramServicesAmt128448
IRS990/OtherExpensesGrp/ProgramServicesAmt222628
IRS990/OtherExpensesGrp/ProgramServicesAmt310048
IRS990/OtherExpensesGrp/TotalAmt0130446
IRS990/OtherExpensesGrp/TotalAmt142452
IRS990/OtherExpensesGrp/TotalAmt233775
IRS990/OtherExpensesGrp/TotalAmt310048
IRS990/OtherLiabilitiesGrp/BOYAmt0708688
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IRS990/OtherSalariesAndWagesGrp/FundraisingAmt018240
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0267911
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0580975
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IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt02597
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt025958
IRS990/PayrollTaxesGrp/ProgramServicesAmt057971
IRS990/PayrollTaxesGrp/TotalAmt086526
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0280823
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01297603
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06966
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt016634
IRS990/PrincipalOfficerNm0LUIS MORA
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IRS990/ProgramServiceRevenueGrp/Desc0INTEREST FROM LOANS
IRS990/ProgramServiceRevenueGrp/Desc1LOAN AND PROGRAM FEES
IRS990/ProgramServiceRevenueGrp/Desc2RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc3DOWNPAYMENT ASSISTANCE LENDING
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
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IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/ExclusionAmt30
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0668952
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt194052
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt283820
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3686750
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt30
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01878618
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt010274
IRS990/PYOtherExpensesAmt0486969
IRS990/PYProgramServiceRevenueAmt03774049
IRS990/PYRevenuesLessExpensesAmt03887883
IRS990/PYSalariesCompEmpBnftPaidAmt01288089
IRS990/PYTotalExpensesAmt01775058
IRS990/PYTotalRevenueAmt05662941
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt02443442
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01533574
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04411060
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05233201
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01878618
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0854150
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt02148414
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0790612
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt08300611
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt019134
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt010274
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt011409
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt06462
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt05353
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01533574
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt03774049
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0929612
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0737361
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0612433
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt07587029
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt010274
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt06462
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt05353
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IRS990ScheduleA/InvestmentIncomePYPct00.00310
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IRS990ScheduleA/PublicSupportPY509Pct00.99690
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01783762
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02885775
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01403045
IRS990ScheduleA/Total509Grp/TotalAmt015887640
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt015940272
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt02061806
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0225460
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02287266
IRS990ScheduleD/EquipmentGrp/BookValueAmt018185
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0207129
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0225314
IRS990ScheduleD/ExpensesSubtotalAmt01738083
IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0353419
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0161443
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11715
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2310890
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CONTRACT ADVANCES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ESCROW PAYABLE

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$24,614,281
Liabilities
$6,437,475
Net assets
$18,176,806
Revenue
$4,181,525
Expenses
$1,738,083
Net income
$2,443,442
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.7$6.75$20.0$3.96$2.17$1.79
2019Detailed filing. Detailed filing data is available for this year.$24.6$6.44$18.2$4.18$1.74$2.44
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.4$6.62$15.7$5.66$1.78$3.89
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.3$8.50$11.8$1.80$1.36$0.43
2016Detailed filing. Detailed filing data is available for this year.$16.3$4.91$11.4$2.89$1.94$0.95
2015Detailed filing. Detailed filing data is available for this year.$13.8$3.32$10.5$1.41$1.40$0.01
2014Detailed filing. Detailed filing data is available for this year.$13.5$3.73$9.75$1.94$1.20$0.74
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.7$3.73$9.01$1.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.7$2.45$8.26$1.40
2011Summary only. Only limited summary data is available for this year.$9.25$1.71$7.54$0.68$0.79$0.12
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2019 filings • 501(c)3 • $10M-$25M nonprofits