Civic Intelligence

Cincinnati Development Fund Inc.

990 • Fiscal year 2022 • EIN 31-1256064

Apr 01, 2021 to Mar 31, 2022 • Filed on Dec 15, 2022

Organization ProfileWWW.CINDEVFUND.ORG

View Organization Page

1224 Race StreetCincinnati, OH 45202

(513) 721-7211

Siviq Scores

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

Liabilities / Assets

75th percentile

0.55x

Higher debt load relative to assets than 75% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Liabilities / Revenue

93rd percentile

4.61x

Higher debt load relative to revenue than 93% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Net Margin

68th percentile

15%

Higher net margin than 68% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Top Officer Pay

42nd percentile

$309,211

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 4.7% of source-year revenue.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Asset Growth

46th percentile

-2.0%

Faster asset growth than 46% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Revenue Growth

21st percentile

-14%

Faster revenue growth than 21% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets75th percentile

Assets

Down

$54,993,767

Down $1,741,728 (-3.1%) from 2020

Net Assets

Up

$24,786,656

Up $2,508,211 (+11%) from 2020

Liabilities

Down

$30,207,111

Down $4,249,939 (-12%) from 2020

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin68th percentile

Revenue

Down

$6,552,988

Down $31,878 (-0.5%) from 2020

Expenses

Up

$5,541,478

Up $854,306 (+18%) from 2020

Net Income

Down

$1,011,510

Down $886,184 (-47%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth46th percentile

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

$150M$100M$50M$0Assets 2012: $40,787,598Liabilities 2012: $33,948,453Net Assets 2012: $6,839,1452012Assets 2013: $37,534,350Liabilities 2013: $28,510,117Net Assets 2013: $9,024,2332013Assets 2014: $39,814,905Liabilities 2014: $30,042,906Net Assets 2014: $9,771,9992014Assets 2015: $38,948,759Liabilities 2015: $28,688,606Net Assets 2015: $10,260,1532015Assets 2016: $40,408,905Liabilities 2016: $28,328,775Net Assets 2016: $12,080,1302016Assets 2018: $52,042,300Liabilities 2018: $33,863,660Net Assets 2018: $18,178,6402018Assets 2019: $57,878,535Liabilities 2019: $37,496,910Net Assets 2019: $20,381,6252019Assets 2020: $56,735,495Liabilities 2020: $34,457,050Net Assets 2020: $22,278,4452020Assets 2022: $54,993,767Liabilities 2022: $30,207,111Net Assets 2022: $24,786,6562022Assets 2023: $69,003,326Liabilities 2023: $38,716,534Net Assets 2023: $30,286,7922023Assets 2025: $101,598,029Liabilities 2025: $64,037,946Net Assets 2025: $37,560,0832025

Highlighted filing

2022

Assets$54,993,767
Liabilities$30,207,111
Net Assets$24,786,656
Open 2022 Filing

Operations Trend

Revenue Growth21st percentile

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

$20M$15M$10M$5.0M$0Expenses 2012: $1,360,3572012Expenses 2013: $1,544,5662013Revenue 2014: $3,218,669Expenses 2014: $2,431,472Net Income 2014: $787,1972014Revenue 2015: $3,691,051Expenses 2015: $3,212,207Net Income 2015: $478,8442015Revenue 2016: $5,122,913Expenses 2016: $3,304,747Net Income 2016: $1,818,1662016Revenue 2018: $4,513,024Expenses 2018: $4,115,761Net Income 2018: $397,2632018Revenue 2019: $7,856,779Expenses 2019: $5,636,218Net Income 2019: $2,220,5612019Revenue 2020: $6,584,866Expenses 2020: $4,687,172Net Income 2020: $1,897,6942020Revenue 2022: $6,552,988Expenses 2022: $5,541,478Net Income 2022: $1,011,5102022Revenue 2023: $10,309,687Expenses 2023: $4,890,754Net Income 2023: $5,418,9332023Revenue 2025: $19,961,456Expenses 2025: $17,013,828Net Income 2025: $2,947,6282025

Highlighted filing

2022

Revenue$6,552,988
Expenses$5,541,478
Net Income$1,011,510
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Apr 1, 2021 to Mar 31, 2022
Signed
Dec 15, 2022
Return Version
2021v4.2
Gross Receipts
$9,013,816
Mission and Program Overview

Mission

To strengthen underserved neighborhoods and improve lives through innovative financing.

To drive community revitalization by providing capital access and technical assistance.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$35,490,686$30,501,229▼ $4,989,457
Savings and Temporary Cash Investments$5,215,767$5,264,293▲ $48,526
Investments Other Securities$3,190,511$3,806,197▲ $615,686
Cash and Non-Interest-Bearing Accounts$232,470$3,526,294▲ $3,293,824
Investments Program Related$2,363,158$2,364,883▲ $1,725
Accounts Receivable$687,047$624,806▼ $62,241
Prepaid Expenses and Deferred Charges$40,651$64,156▲ $23,505
Land, Buildings, and Equipment, Net$58,846$32,302▼ $26,544
Total Assets$56,088,743$54,993,767▼ $1,094,976
Other Assets Total$8,809,607$8,809,607→ $0
Liabilities
Unsecured Notes Loans Payable$24,401,221$20,996,428▼ $3,404,793
Deferred Revenue$6,492,635$7,384,765▲ $892,130
Escrow Account Liability$975,990$1,127,794▲ $151,804
Accounts Payable and Accrued Expenses$482,599$698,124▲ $215,525
Total Liabilities$32,352,445$30,207,111▼ $2,145,334
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$23,711,298$24,786,656▲ $1,075,358
Net Assets With Donor Restrictions$25,000$0▼ $25,000
Total Net Assets Fund Balance$23,736,298$24,786,656▲ $1,050,358
Total Liabilities and Net Assets / Fund Balance$56,088,743$54,993,767▼ $1,094,976

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$18,418$100,352$118,770
Leasehold Improvements$13,884$68,738$82,622
Other Land Buildings$0$48,164$48,164
Other Assets Org$8,809,607--
Other Securities$3,806,197--
Compensation and Service Providers
Top Officer Pay42nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jeanne GolliherCEOFT$272,385$36,826$309,211
Joseph HuberPresidentFT$212,053$56,027$268,080
Angela GintyChief Administration OfficerFT$194,760$27,962$222,722
Jennifer LarkinsChief Financial OfficerFT$160,000$52,779$212,779
Sarah SheetsLending OfficerFT$109,953$34,533$144,486
Morag AdlonSenior Lending OfficerFT$123,577$17,902$141,479
Robie SuggsChief Lending OfficerFT$100,748$5,852$106,600

Board Members and Trustees

NameTitle
Kim MauerBoard Chair
Susan ThomasVice Chair
Darin HallTrustee
Doug BurgessTrustee
Edgar RustTrustee
Eric AvnerTrustee
Kevin HughesTrustee
Murray SinclaireTrustee
Peg MoertlTrustee
Philip DenningTrustee
Rea N Waldon PhdTrustee
Robert AlexanderTrustee
Kathy SchwabSecretary
Linda GravissTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Grovedale Home LLCRegeneration Project3663 GROVEDALE PL, Cincinnati, OH 45208$150,000
Revenue and Support

Revenue Composition

Contributions and Grants
$1,177,267
Program Service Revenue
$5,322,135
Investment Income
$-149
Other Revenue
$53,735
All Other Contributions
$338,267
Change in Net Assets
$1,011,510

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,591,836
Revenue Not Reported on Financial Statements
$-38,848
Revenue Not Reported on Form 990
$-820,588
Other Revenue Adjustments
$-38,848
Total Revenue per Audited Statements
$5,771,248
Total Revenue per Form 990
$6,552,988
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,041,706
Salaries, Compensation, and Employee Benefits$2,499,772
Total Fundraising Expense$14,767
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$772,861$340,786$5,747$1,119,394
Other Salaries and Wages$759,126$334,730$5,645$1,099,501
Interest$820,588--$820,588
Office Expenses$124,964$54,900$1,131$180,995
Payroll Taxes$96,271$42,450$716$139,437
Other Employee Benefits$65,802$29,015$489$95,306
Occupancy$59,630$26,197$539$86,366
Pension Plan Contributions$31,852$14,045$237$46,134
Fees for Services Accounting-$34,882-$34,882
Depreciation Depletion$19,424$7,679$176$27,279
Fees for Services Other-$21,803-$21,803
Other Expenses$9,671$5,101$87$14,859
Fees for Services Legal-$11,528-$11,528
Total Functional Expenses$4,603,595$923,116$14,767$5,541,478

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$5,541,478
Expenses per Audited Statements$4,720,890
Total Expenses per Audited Statements$4,720,890
Expenses Not Reported on Financial Statements$820,588
Other Expense Adjustments$820,588
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
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 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
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

Governance Explanations

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

“The cfo conducts an inital review of the form 990 prepared by the cpa. Then, a draft is submitted to the board prior to filing for final approval.”

Form 990, Part VI, Section B, Line 12C

“All officers and board members are required to sign the conflict of interest policy annually. If a vote is required and any member has a conflict, then that member abstains from voting.”

Form 990, Part VI, Section B, Line 15A

“Annually, the board discusses overall employee performance and the president/ceo determines employee compensation. The board holds a closed meeting to evaluate the executive director's performance and pay increase. Comparability data is used to assist with compensation decisions.”

Form 990, Part VI, Section C, Line 19

“Governing documents, the conflict of interest policy and audited financial statements will be made available upon request.”

Filing and Contact Details

Filer

Filer Name
Cincinnati Development Fund
EIN
31-1256064
Phone
5137217211
Address
1224 RACE STREET, CINCINNATI, OH 45202

Signing Officer

Name
Jennifer Larkins
Title
CFO
Phone
5137217211
Signed
2022-12-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joe Huber
Formed
1988
Legal Domicile
Oh
Voting Board Members
14
Independent Board Members
14
Employees
14
Volunteers
20

Preparer

Firm
Clark Schaefer Hackett & Co
Address
1 EAST 4TH STREET, CINCINNATI, OH 45202
Preparer
Jane E Pfeifer
Phone
5132413111
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Income from passthroughs - k-1's received 38,848.”

FORM 990, PART XII, LINE 2C:

“The organization has an audit committee that is responsible for the selection of an independent accountant and oversight of the audit. The processes used by this committee have not changed from previous years.”

Financial Statement Notes

PART IV, LINE 2B:

“Amounts held in escrow are for real estate taxes and insurance. These amounts are segregated as restricted assets.”

PART X, LINE 2:

“The financial accounting standards board ("fasb") has issued guidance which clarifies generally accepted accounting principles for recognition, measurement, presentation and disclosure relating to uncertain tax positions. This guidance clarifies the accounting and recognition for income tax positions taken or expected to be taken in the organization's income tax returns. The organization's income tax filings are subject to audit by various taxing authorities. The organization's policy with regard to interest and penalties is to recognize interest through interest expense and penalties through other expense. In evaluating the organization's tax provision and tax exempt status, interpretations and tax planning strategies were considered. The organization believes their estimates are appropriate based on the current facts and circumstances.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Interest expense netted against income on the afs -820,588.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Loss from investments in partnerships not reflected on the afs -38,848.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Interest expense netted against income on the afs 820,588.”

Raw XML AppendixShowing 400 of 1,196 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.

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IRS990/Desc0CINCINNATI DEVELOPMENT FUND (CDF) IS A NONPROFIT LENDING INSTITUTION ESTABLISHED IN 1988 TO FINANCE AFFORDABLE HOUSING DEVELOPMENT AND COMMUNITY REVITALIZATION IN THE GREATER CINCINNATI AREA. CDF'S MISSION IS TO PROVIDE INNOVATIVE REAL ESTATE FINANCING FOR PROJECTS THAT STRENGTHEN LOW-INCOME NEIGHBORHOODS AND IMPROVE LIVES.OVER THE PAST 30 YEARS, LOCAL FINANCIAL INSTITUTIONS, FOUNDATIONS, SOCIALLY MOTIVATED INVESTORS, AND LOCAL AND FEDERAL GOVERNMENTS HAVE ALL CONTRIBUTED TO CDF'S SOURCES OF CAPITAL. FINANCIAL INSTITUTIONS INVEST IN CDF BECAUSE OF OUR EXPERTISE IN EVALUATING COMPLEX LOAN APPLICATIONS WITH MULTIPLE FINANCING SOURCES. THIS EXPERIENCE MAKES IT EASIER AND MORE COST-EFFECTIVE FOR FINANCIAL INSTITUTIONS TO INVEST IN THE COMMUNITY. AN ADDED BENEFIT IS THAT FUNDS ARE ORGANIZED INTO LOAN POOLS THAT ENABLE LENDERS TO DIVERSIFY THEIR LOAN PORTFOLIOS AND SHARE THE RISK ON EACH LOAN WITH OTHER CDF PARTICIPANTS. CDF HAS ORIGINATED MORE THAN $425 MILLION IN LOANS RESULTING IN THE CREATION OF MORE THAN 6,000 UNITS OF HOUSING. CDF FOCUSES ON LENDING IN LOW INCOME COMMUNITIES WHERE NEED AND IMPACT ARE THE GREATEST.CDF IS AN EQUAL OPPORTUNITY PROVIDER.
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IRS990/Form990PartVIISectionAGrp/PersonNm9MURRAY SINCLAIRE
IRS990/Form990PartVIISectionAGrp/PersonNm10PEG MOERTL
IRS990/Form990PartVIISectionAGrp/PersonNm11PHILIP DENNING
IRS990/Form990PartVIISectionAGrp/PersonNm12REA N WALDON PHD
IRS990/Form990PartVIISectionAGrp/PersonNm13ROBERT ALEXANDER
IRS990/Form990PartVIISectionAGrp/PersonNm14JEANNE GOLLIHER
IRS990/Form990PartVIISectionAGrp/PersonNm15JOSEPH HUBER
IRS990/Form990PartVIISectionAGrp/PersonNm16ANGELA GINTY
IRS990/Form990PartVIISectionAGrp/PersonNm17JENNIFER LARKINS
IRS990/Form990PartVIISectionAGrp/PersonNm18ROBIE SUGGS
IRS990/Form990PartVIISectionAGrp/PersonNm19MORAG ADLON
IRS990/Form990PartVIISectionAGrp/PersonNm20SARAH SHEETS
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18100748
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt19123577
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt15PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt16CHIEF ADMINISTRATION OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt17CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt18CHIEF LENDING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt19SENIOR LENDING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt20LENDING OFFICER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01988
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0-196828
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GovernmentGrantsAmt0839000
IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt02264000
IRS990/GrossReceiptsAmt09013816
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt07
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/ProgramServicesAmt0820588
IRS990/InterestGrp/TotalAmt0820588
IRS990/InvestmentIncomeGrp/ExclusionAmt0196679
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0196679
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt03190511
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt03806197
IRS990/InvestmentsProgramRelatedGrp/BOYAmt02363158
IRS990/InvestmentsProgramRelatedGrp/EOYAmt02364883
IRS990/IRPDocumentCnt035
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0217254
IRS990/LandBldgEquipBasisNetGrp/BOYAmt058846
IRS990/LandBldgEquipBasisNetGrp/EOYAmt032302
IRS990/LandBldgEquipCostOrOtherBssAmt0249556
IRS990/LegalDomicileStateCd0OH
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt02460828
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt0-38911
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt0-38911
IRS990/MissionDesc0TO DRIVE COMMUNITY REVITALIZATION BY PROVIDING CAPITAL ACCESS AND TECHNICAL ASSISTANCE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt023736298
IRS990/NetAssetsOrFundBalancesEOYAmt024786656
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-196828
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-196828
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt023711298
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt024786656
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0539
IRS990/OccupancyGrp/ManagementAndGeneralAmt026197
IRS990/OccupancyGrp/ProgramServicesAmt059630
IRS990/OccupancyGrp/TotalAmt086366
IRS990/OfficeExpensesGrp/FundraisingAmt01131
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt054900
IRS990/OfficeExpensesGrp/ProgramServicesAmt0124964
IRS990/OfficeExpensesGrp/TotalAmt0180995
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt08809607
IRS990/OtherAssetsTotalGrp/EOYAmt08809607
IRS990/OtherChangesInNetAssetsAmt038848
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0489
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt029015
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt065802
IRS990/OtherEmployeeBenefitsGrp/TotalAmt095306
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1PROGRAM EXPENSES
IRS990/OtherExpensesGrp/Desc2PROGRAM NMTC EXPENSE
IRS990/OtherExpensesGrp/Desc3OTHER
IRS990/OtherExpensesGrp/FundraisingAmt087
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05101
IRS990/OtherExpensesGrp/ProgramServicesAmt01271659
IRS990/OtherExpensesGrp/ProgramServicesAmt1320080
IRS990/OtherExpensesGrp/ProgramServicesAmt2251667
IRS990/OtherExpensesGrp/ProgramServicesAmt39671
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IRS990/OtherExpensesGrp/TotalAmt1320080
IRS990/OtherExpensesGrp/TotalAmt2251667
IRS990/OtherExpensesGrp/TotalAmt314859
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IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt229
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt229
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0334730
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0759126
IRS990/OtherSalariesAndWagesGrp/TotalAmt01099501
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IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0716
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt042450
IRS990/PayrollTaxesGrp/ProgramServicesAmt096271
IRS990/PayrollTaxesGrp/TotalAmt0139437
IRS990/PensionPlanContributionsGrp/FundraisingAmt0237
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt014045
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt031852
IRS990/PensionPlanContributionsGrp/TotalAmt046134
IRS990/PoliticalCampaignActyInd00
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt064156
IRS990/PrincipalOfficerNm0JOE HUBER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900001
IRS990/ProgramServiceRevenueGrp/BusinessCd1900001
IRS990/ProgramServiceRevenueGrp/Desc0SERVICING FEE
IRS990/ProgramServiceRevenueGrp/Desc1LOAN INTEREST INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02812964
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12509171
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02812964
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12509171
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02300545
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0169650
IRS990/PYOtherExpensesAmt04068020
IRS990/PYOtherRevenueAmt052376
IRS990/PYProgramServiceRevenueAmt05102411
IRS990/PYRevenuesLessExpensesAmt01457652
IRS990/PYSalariesCompEmpBnftPaidAmt02099310
IRS990/PYTotalExpensesAmt06167330
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07624982
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$54,993,767
Liabilities
$30,207,111
Net assets
$24,786,656
Revenue
$6,552,988
Expenses
$5,541,478
Net income
$1,011,510
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$102$64.0$37.6$20.0$17.0$2.95
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$69.0$38.7$30.3$10.3$4.89$5.42
2022Detailed filing. Detailed filing data is available for this year.$55.0$30.2$24.8$6.55$5.54$1.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$56.7$34.5$22.3$6.58$4.69$1.90
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$57.9$37.5$20.4$7.86$5.64$2.22
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$52.0$33.9$18.2$4.51$4.12$0.40
2016Detailed filing. Detailed filing data is available for this year.$40.4$28.3$12.1$5.12$3.30$1.82
2015Detailed filing. Detailed filing data is available for this year.$38.9$28.7$10.3$3.69$3.21$0.48
2014Detailed filing. Detailed filing data is available for this year.$39.8$30.0$9.77$3.22$2.43$0.79
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.5$28.5$9.02$1.54
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$40.8$33.9$6.84$1.36