Civic Intelligence

Small Business Growth Corporation

990 • Fiscal year 2018 • EIN 37-1119582

Oct 01, 2017 to Sep 30, 2018 • Filed on Feb 27, 2019

Organization ProfileWWW.GROWTHCORP.COM

View Organization Page

2401 West White Oaks DriveSpringfield, IL 62704-7423

(217) 787-7557

Siviq Scores

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

Liabilities / Assets

68th percentile

0.37x

Higher debt load relative to assets than 68% of similar nonprofits.

2018 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

23rd percentile

0.10x

Higher debt load relative to revenue than 23% of similar nonprofits.

2018 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2018

Net Margin

33rd percentile

0.1%

Higher net margin than 33% of similar nonprofits.

2018 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

80th percentile

$406,804

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 6.7% of source-year revenue.

2018 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2018

Asset Growth

4th percentile

-19%

Faster asset growth than 4% of similar nonprofits.

2018 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

28th percentile

-1.1%

Faster revenue growth than 28% of similar nonprofits.

2018 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets68th percentile

Assets

Down

$1,721,503

Down $390,978 (-19%) from 2017

Net Assets

Up

$1,084,911

Up $3,667 (+0.3%) from 2017

Liabilities

Down

$636,592

Down $394,645 (-38%) from 2017

Revenue And Expenses
Liabilities / Revenue23rd percentileNet Margin33rd percentile

Revenue

Down

$6,108,803

Down $70,101 (-1.1%) from 2017

Expenses

Down

$6,105,136

Down $72,731 (-1.2%) from 2017

Net Income

Up

$3,667

Up $2,630 (+254%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $3,055,022Liabilities 2010: $1,997,710Net Assets 2010: $1,057,3122010Assets 2011: $3,064,604Liabilities 2011: $2,007,208Net Assets 2011: $1,057,3962011Assets 2012: $2,244,104Liabilities 2012: $1,186,708Net Assets 2012: $1,057,3962012Assets 2013: $3,248,637Liabilities 2013: $2,180,182Net Assets 2013: $1,068,4552013Assets 2014: $3,167,912Liabilities 2014: $2,095,669Net Assets 2014: $1,072,2432014Assets 2015: $3,642,236Liabilities 2015: $2,566,511Net Assets 2015: $1,075,7252015Assets 2016: $2,099,644Liabilities 2016: $1,019,437Net Assets 2016: $1,080,2072016Assets 2017: $2,112,481Liabilities 2017: $1,031,237Net Assets 2017: $1,081,2442017Assets 2018: $1,721,503Liabilities 2018: $636,592Net Assets 2018: $1,084,9112018Assets 2019: $2,175,490Liabilities 2019: $1,084,706Net Assets 2019: $1,090,7842019Assets 2020: $2,240,546Liabilities 2020: $1,139,329Net Assets 2020: $1,101,2172020Assets 2021: $2,552,459Liabilities 2021: $1,445,394Net Assets 2021: $1,107,0652021Assets 2022: $2,478,514Liabilities 2022: $1,235,238Net Assets 2022: $1,243,2762022Assets 2024: $3,272,579Liabilities 2024: $2,021,147Net Assets 2024: $1,251,4322024

Highlighted filing

2018

Assets$1,721,503
Liabilities$636,592
Net Assets$1,084,911
Open 2018 Filing

Operations Trend

Revenue Growth28th percentile

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

$10M$5.0M$0Expenses 2010: $5,569,8762010Expenses 2011: $5,943,0472011Expenses 2012: $7,040,3892012Expenses 2013: $6,467,4122013Revenue 2014: $5,695,130Expenses 2014: $5,691,342Net Income 2014: $3,7882014Revenue 2015: $5,886,842Expenses 2015: $5,883,360Net Income 2015: $3,4822015Revenue 2016: $5,805,151Expenses 2016: $5,800,669Net Income 2016: $4,4822016Revenue 2017: $6,178,904Expenses 2017: $6,177,867Net Income 2017: $1,0372017Revenue 2018: $6,108,803Expenses 2018: $6,105,136Net Income 2018: $3,6672018Revenue 2019: $6,264,687Expenses 2019: $6,258,814Net Income 2019: $5,8732019Revenue 2020: $6,448,924Expenses 2020: $6,438,491Net Income 2020: $10,4332020Revenue 2021: $7,479,193Expenses 2021: $7,473,345Net Income 2021: $5,8482021Revenue 2022: $7,890,542Expenses 2022: $7,880,914Net Income 2022: $9,6282022Revenue 2024: $8,989,595Expenses 2024: $8,981,334Net Income 2024: $8,2612024

Highlighted filing

2018

Revenue$6,108,803
Expenses$6,105,136
Net Income$3,667
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Feb 27, 2019
Return Version
2017v2.3
Gross Receipts
$6,108,803
Mission and Program Overview

Mission

To further economic development by promoting and assisting the growth, development, and expansion of business concerns throughout the state of illinois and adjacent local economic areas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,796,595$1,449,677▼ $346,918
Land, Buildings, and Equipment, Net$177,013$186,386▲ $9,373
Accounts Receivable$58,510--
Total Assets$2,112,481$1,721,503▼ $390,978
Other Assets Total$80,363$85,440▲ $5,077
Liabilities
Other Liabilities$1,031,237$636,592▼ $394,645
Total Liabilities$1,031,237$636,592▼ $394,645
Net Assets / Fund Balance
Unrestricted Net Assets$1,081,244$1,084,911▲ $3,667
Total Net Assets Fund Balance$1,081,244$1,084,911▲ $3,667
Total Liabilities and Net Assets / Fund Balance$2,112,481$1,721,503▼ $390,978

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$128,226-
Equipment$171,452$442,830-
Leasehold Improvements$14,934$278,477-
Compensation and Service Providers
Top Officer Pay80th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Douglas L KinleyPresidentFT$406,804$406,804
Joel HerscherVP / Loan ofFT$388,611$388,611
Joel HerscherVP / Loan Officer-$388,611$388,611
David NovakCFOFT$278,142$278,142
Brian ComiskeySr. RelationFT$256,111$256,111
Brian ComiskeySr. Relationship Mgr-$256,111$256,111
Steve KirbyVP / Loan ofFT$213,302$213,302
Steve KirbyVP / Loan Officer-$213,302$213,302
Gregg KyesChief Tech OFT$155,111$155,111
Gregg KyesChief Tech Officer-$155,111$155,111
Phil MatonChief CreditFT$146,804$146,804

Board Members and Trustees

NameTitle
Jerry FurbyChair Person
Karen LeePast Chair
Carter HuhtaDirector
Donald BrookhartDirector
John AllenDirector
Kevin LustDirector
Mark PapocciaDirector
Michael MilliganDirector
R Bruce PattersonDirector
Rick HanselmanDirector
Robert LincolnDirector
David WoodSecretary
Thomas GriffithTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Patterson Rollins & Kurtz LLCLegal2401 W WHITEOAKS DRIVE, Springfield, IL 62704$476,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$6,103,729
Investment Income
$5,074
Other Revenue
$0
Change in Net Assets
$3,667

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,108,803
Total Revenue per Audited Statements
$6,108,803
Total Revenue per Form 990
$6,108,803
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,741,200
Other Expenses$1,363,936
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$3,671,384
Other Employee Benefits---$630,341
Occupancy---$249,621
Payroll Taxes---$229,086
Pension Plan Contributions---$210,389
Advertising---$206,202
Conferences and Meetings---$172,402
Depreciation Depletion---$99,386
Office Expenses---$83,906
All Other Expenses---$79,515
Fees for Services Legal---$72,000
Insurance---$66,269
Other Expenses---$59,343
Fees for Services Other---$54,809
Fees for Services Accounting---$5,500
Total Functional Expenses$0$0$0$6,105,136

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,105,136
Total Expenses per Audited Statements$6,105,136
Total Expenses per Form 990$6,105,136
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
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Doug KinleyPresidentRent of Office BldgNo$127,653
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lender Fees Payable$375,007
Loan Application Deposits$190,000
Accrued Bonus$70,000
Scholarship Reserve$1,585
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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, Page 6, Part VI, Line 7A

“Members elect board of directors”

Form 990, Page 6, Part VI, Line 11B

“The board of directors are presented the form 990 to review before the form is signed by the appropriate officer.”

Form 990, Page 6, Part VI, Line 12C

“The conflicts of interest policy is reviewed annually.”

Form 990, Page 6, Part VI, Line 15A

“The board of directors establishes the salary of the officers.”

Form 990, Page 6, Part VI, Line 15B

“Salaries are limited to a fixed percentage of gross revenues.”

Form 990, Page 6, Part VI, Line 19

“Documents are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Illinois Small Business Growth
EIN
37-1119582
Phone
2177877557
Address
2401 WEST WHITE OAKS DRIVE, SPRINGFIELD, IL 62704-7423

Signing Officer

Name
David Novak
Title
CFO
Phone
2177877557
Signed
2019-02-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Novak
Voting Board Members
14
Independent Board Members
14
Employees
34

Preparer

Firm
Estes Bridgewater & Ogden
Address
901 S SECOND ST, SPRINGFIELD, IL 62704
Preparer
Lori K Milosevich
Phone
2175288473
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Ceritified development company for u.s. Small business adminstration section 504 loans.”

Raw XML AppendixShowing 400 of 456 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/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt16VP / LOAN OF
IRS990/Form990PartVIISectionAGrp/TitleTxt17CHIEF TECH O
IRS990/Form990PartVIISectionAGrp/TitleTxt18CHIEF CREDIT
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
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IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
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IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt013
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InvestmentIncomeGrp/ExclusionAmt05074
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt05074
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IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt0177013
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0186386
IRS990/LandBldgEquipCostOrOtherBssAmt01035919
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO FURTHER ECONOMIC DEVELOPMENT BY PROMOTING AND ASSISTING THE GROWTH, DEVELOPMENT, AND EXPANSION OF BUSINESS CONCERNS THROUGHOUT THE STATE OF ILLINOIS AND ADJACENT LOCAL ECONOMIC AREAS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01081244
IRS990/NetAssetsOrFundBalancesEOYAmt01084911
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt0249621
IRS990/OfficeExpensesGrp/TotalAmt083906
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt080363
IRS990/OtherAssetsTotalGrp/EOYAmt085440
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0630341
IRS990/OtherExpensesGrp/Desc0DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc1TELEPHONE
IRS990/OtherExpensesGrp/Desc2OTHER LOAN SERVICING EXPE
IRS990/OtherExpensesGrp/Desc3ECONOMIC DEVELOPMENT
IRS990/OtherExpensesGrp/TotalAmt075247
IRS990/OtherExpensesGrp/TotalAmt174174
IRS990/OtherExpensesGrp/TotalAmt265562
IRS990/OtherExpensesGrp/TotalAmt359343
IRS990/OtherLiabilitiesGrp/BOYAmt01031237
IRS990/OtherLiabilitiesGrp/EOYAmt0636592
IRS990/OtherSalariesAndWagesGrp/TotalAmt03671384
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt0229086
IRS990/PensionPlanContributionsGrp/TotalAmt0210389
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0DAVID NOVAK
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0SBA SECTION 504 PROGRAM
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06103729
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06103729
IRS990/ProgSrvcAccomActyOtherGrp/Desc0CERITIFIED DEVELOPMENT COMPANY FOR U.S. SMALL BUSINESS ADMINSTRATION SECTION 504 LOANS.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt04647
IRS990/PYOtherExpensesAmt01400499
IRS990/PYProgramServiceRevenueAmt06174257
IRS990/PYRevenuesLessExpensesAmt01037
IRS990/PYSalariesCompEmpBnftPaidAmt04777368
IRS990/PYTotalExpensesAmt06177867
IRS990/PYTotalRevenueAmt06178904
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt03667
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01796595
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01449677
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0171452
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0442830
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0614282
IRS990ScheduleD/ExpensesSubtotalAmt06105136
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt014934
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0278477
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0293411
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0128226
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0128226
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0375007
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1190000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt270000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt31585
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LENDER FEES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LOAN APPLICATION DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED BONUS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3SCHOLARSHIP RESERVE
IRS990ScheduleD/RevenueSubtotalAmt06108803
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0186386
IRS990ScheduleD/TotalExpensesPerForm990Amt06105136
IRS990ScheduleD/TotalLiabilityAmt0636592
IRS990ScheduleD/TotalRevenuePerForm990Amt06108803
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06108803
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06105136
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0406804
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1278142
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2388611
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt3256111
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt4213302
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt5155111
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DOUGLAS L KINLEY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1DAVID NOVAK
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2JOEL HERSCHER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3BRIAN COMISKEY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4STEVE KIRBY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm5GREGG KYES
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2VP / LOAN OFFICER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3SR. RELATIONSHIP MGR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4VP / LOAN OFFICER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt5CHIEF TECH OFFICER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0406804
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1278142
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt2388611
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt3256111
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt4213302
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt5155111
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0DOUG KINLEY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0PRESIDENT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0127653
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0RENT OF OFFICE BLDG
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CERITIFIED DEVELOPMENT COMPANY FOR U.S. SMALL BUSINESS ADMINSTRATION SECTION 504 LOANS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS ELECT BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS ARE PRESENTED THE FORM 990 TO REVIEW BEFORE THE FORM IS SIGNED BY THE APPROPRIATE OFFICER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CONFLICTS OF INTEREST POLICY IS REVIEWED ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS ESTABLISHES THE SALARY OF THE OFFICERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SALARIES ARE LIMITED TO A FIXED PERCENTAGE OF GROSS REVENUES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02112481
IRS990/TotalAssetsEOYAmt01721503
IRS990/TotalAssetsGrp/BOYAmt02112481
IRS990/TotalAssetsGrp/EOYAmt01721503
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt034
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt06105136
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01031237

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,721,503
Liabilities
$636,592
Net assets
$1,084,911
Revenue
$6,108,803
Expenses
$6,105,136
Net income
$3,667
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.27$2.02$1.25$8.99$8.98$0.01
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.48$1.24$1.24$7.89$7.88$0.01
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.55$1.45$1.11$7.48$7.47$0.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.24$1.14$1.10$6.45$6.44$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.18$1.08$1.09$6.26$6.26$0.01
2018Detailed filing. Detailed filing data is available for this year.$1.72$0.64$1.08$6.11$6.11$0.00
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.11$1.03$1.08$6.18$6.18$0.00
2016Detailed filing. Detailed filing data is available for this year.$2.10$1.02$1.08$5.81$5.80$0.00
2015Detailed filing. Detailed filing data is available for this year.$3.64$2.57$1.08$5.89$5.88$0.00
2014Detailed filing. Detailed filing data is available for this year.$3.17$2.10$1.07$5.70$5.69$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.25$2.18$1.07$6.47
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.24$1.19$1.06$7.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.06$2.01$1.06$5.94
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.06$2.00$1.06$5.57