Civic Intelligence

Oakland County Business Finance Corporation

EIN 38-2391435 • 501(c)4 • Waterford, MI

Profile

Promote the general wealth, welfare, and prosperity of the people residing or operating businesses within our area of operations, promote economic development and growth of the small business community, promote and increase private sector employment opportunities for the people of our area of operations. The mission was adopted by the board on april 7, 2009.

2100 Pontiac Lake RoadWaterford, MI 48328

www.oakgov.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

45th percentile

0.02x

Higher debt load relative to assets than 45% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

49th percentile

0.04x

Higher debt load relative to revenue than 49% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2024

Net Margin

34th percentile

0.3%

Higher net margin than 34% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

63rd percentile

$0

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)4 • $1M-$5M nonprofits • Source year 2024

Asset Growth

39th percentile

1.2%

Faster asset growth than 39% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

14th percentile

-16%

Faster revenue growth than 14% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets45th percentile

Using 2023 Form 990 data because the latest 2024 filing does not report standard financial totals.

Assets

Up

$1,194,699

Up $93,688 (+8.5%) from 2022

Liabilities

Down

$10,000

Down $3,469 (-26%) from 2022

Net Assets

Up

$1,184,699

Up $97,157 (+8.9%) from 2022

Operations
Liabilities / Revenue49th percentileNet Margin34th percentile

Revenue

Up

$632,276

Up $66,831 (+12%) from 2022

Expenses

Up

$535,120

Up $37,778 (+7.6%) from 2022

Net Income

Up

$97,156

Up $29,053 (+43%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth39th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2011: $688,901Liabilities 2011: $8,347Net Assets 2011: $680,5542011Assets 2012: $671,115Liabilities 2012: $10,219Net Assets 2012: $660,8962012Assets 2013: $663,504Liabilities 2013: $11,815Net Assets 2013: $651,6892013Assets 2014: $769,023Liabilities 2014: $16,008Net Assets 2014: $753,0152014Assets 2015: $808,212Liabilities 2015: $16,324Net Assets 2015: $791,8882015Assets 2016: $828,102Liabilities 2016: $18,310Net Assets 2016: $809,7922016Assets 2017: $880,811Liabilities 2017: $22,186Net Assets 2017: $858,6252017Assets 2018: $894,406Liabilities 2018: $17,751Net Assets 2018: $876,6552018Assets 2019: $932,646Liabilities 2019: $19,190Net Assets 2019: $913,4562019Assets 2020: $909,199Liabilities 2020: $24,669Net Assets 2020: $884,5302020Assets 2021: $1,034,223Liabilities 2021: $14,784Net Assets 2021: $1,019,4392021Assets 2022: $1,101,011Liabilities 2022: $13,469Net Assets 2022: $1,087,5422022Assets 2023: $1,194,699Liabilities 2023: $10,000Net Assets 2023: $1,184,6992023

Latest loaded filing

2023

Assets$1,194,699
Liabilities$10,000
Net Assets$1,184,699
Open 2023 Filing

Operations Trend

Revenue Growth14th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2011: $537,321Expenses 2011: $571,758Net Income 2011: -$34,4372011Expenses 2012: $539,1342012Revenue 2013: $590,128Expenses 2013: $599,335Net Income 2013: -$9,2072013Revenue 2014: $714,102Expenses 2014: $612,776Net Income 2014: $101,3262014Revenue 2015: $697,025Expenses 2015: $658,152Net Income 2015: $38,8732015Revenue 2016: $615,716Expenses 2016: $597,812Net Income 2016: $17,9042016Revenue 2017: $678,914Expenses 2017: $630,081Net Income 2017: $48,8332017Revenue 2018: $678,602Expenses 2018: $660,572Net Income 2018: $18,0302018Revenue 2019: $577,395Expenses 2019: $540,594Net Income 2019: $36,8012019Revenue 2020: $542,999Expenses 2020: $571,925Net Income 2020: -$28,9262020Revenue 2021: $672,142Expenses 2021: $537,233Net Income 2021: $134,9092021Revenue 2022: $565,445Expenses 2022: $497,342Net Income 2022: $68,1032022Revenue 2023: $632,276Expenses 2023: $535,120Net Income 2023: $97,1562023

Latest loaded filing

2023

Revenue$632,276
Expenses$535,120
Net Income$97,156
Open 2023 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
-
Liabilities
-
Net assets
-
Revenue
-
Expenses
-
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.19$0.01$1.18$0.63$0.54$0.10
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.10$0.01$1.09$0.57$0.50$0.07
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.03$0.01$1.02$0.67$0.54$0.13
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.91$0.02$0.88$0.54$0.57$0.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.93$0.02$0.91$0.58$0.54$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.89$0.02$0.88$0.68$0.66$0.02
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.88$0.02$0.86$0.68$0.63$0.05
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.83$0.02$0.81$0.62$0.60$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.81$0.02$0.79$0.70$0.66$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.77$0.02$0.75$0.71$0.61$0.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.66$0.01$0.65$0.59$0.60$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.67$0.01$0.66$0.54
2011Summary only. Only limited summary data is available for this year.$0.69$0.01$0.68$0.54$0.57$0.03
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2017 below.

Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Jan 24, 2018
Return Version
2016v3.0
Gross Receipts
$678,914
Mission and Program Overview

Mission

Promote the general wealth, welfare, and prosperity of the people residing or operating businesses within our area of operations, promote economic development and growth of the small business community, promote and increase private sector employment opportunities for the people of our area of operations.

The company is a u.s. Small business administration (sba) approved certified development company and an authorized lender under the sba section 504 guaranteed loan program that provides partial financing of fixed assets to small businesses.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$796,906$845,536▲ $48,630
Prepaid Expenses and Deferred Charges$10,259$12,910▲ $2,651
Cash and Non-Interest-Bearing Accounts-$100-
Total Assets$828,102$880,811▲ $52,709
Other Assets Total$20,937$22,265▲ $1,328
Liabilities
Accounts Payable and Accrued Expenses$18,310$22,186▲ $3,876
Total Liabilities$18,310$22,186▲ $3,876
Net Assets / Fund Balance
Temporarily Rstr Net Assets$809,792$858,625▲ $48,833
Total Net Assets Fund Balance$809,792$858,625▲ $48,833
Total Liabilities and Net Assets / Fund Balance$828,102$880,811▲ $52,709
Compensation and Service Providers
Top Officer Pay63rd percentile

Employees

NameTitleBaseTotal
Barry LevineTrustee$700$700
John LominackTrustee$700$700
David P EllisPresident$665$665
Jim SimoneVice President$560$560
Martin W HollanderTrustee$525$525
David H ShindelTrustee$455$455
JOHN O'BRIENTrustee$420$420
Diane JonesTrustee$385$385
Fred C SeeleyTrustee$385$385
Joann Van TasselTrustee$175$175
Linda J RussellTrustee (part Year)$140$140

Board Members and Trustees

NameTitle
Violet GintsisChairperson
Katherine BrownTrustee
Steve BallTrustee
Mary LanghauserSecretary
Andrew MeisnerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$668,228
Investment Income
$10,686
Other Revenue
$0
Change in Net Assets
$48,833

Audited Revenue Reconciliation

Revenue per Audited Statements
$678,914
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$678,914
Total Revenue per Form 990
$678,914
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$624,971
Salaries, Compensation, and Employee Benefits$5,110
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal$43,856--$43,856
All Other Expenses$12,747$20,548-$33,295
Other Expenses$28,392--$28,392
Advertising-$25,537-$25,537
Insurance-$12,584-$12,584
Fees for Services Accounting-$10,700-$10,700
Current Officers, Directors, Trustees, and Key Employees$5,110--$5,110
Information Technology$3,542--$3,542
Conferences and Meetings$3,502--$3,502
Travel$2,608--$2,608
Office Expenses$1,246--$1,246
Total Functional Expenses$560,712$69,369$0$630,081

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$630,081
Total Expenses per Audited Statements$630,081
Total Expenses per Form 990$630,081
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
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
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
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 form 990 was reviewed at the quarterly board of trustees meeting.”

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

“The Loan Policy, which was originally adopted by the board of trustees in 2006 and updated and approved by the board in 2015, has within it the merit rules, which outlines standards of conduct, which clearly states a policy on conflict of interest for Oakland County officers and employees. The Oakland County Business Finance Corporation officers and trustees are required to disclose to the board any relationship that they may have with a loan applicant and are required to abstain from a vote on that project. On every loan application the loan applicant and the loan officer must sign an SBA form stating that their is no conflict of interest.”

Form 990, Part VI, Section C, line 19

“Governing documents, conflict of interest policy, and financial statements are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Oakland County Business Finance Corp
EIN
38-2391435
Phone
2488580879
Address
2100 PONTIAC LAKE ROAD, WATERFORD, MI 48328

Signing Officer

Name
Mary P Langhauser
Title
Secretary
Phone
2488580879
Signed
2018-01-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary P Langhauser
Formed
1981
Legal Domicile
Mi
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
0

Preparer

Firm
Plante & Moran Pllc
Address
27400 Northwestern Highway, Southfield, MI 48034
Preparer
Lynne M Huismann
Phone
2483522500
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The audit process has not changed in the current year.”

Financial Statement Notes

Part X, Line 2:

“The company is exempt from federal income taxes under section 501(c)(4) of the united states internal revenue code. Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the company and recognize a tax liability if the company has taken an uncertain position that more likely than not would not be sustained upon examination by the irs or other applicable taxing authorities. Management has analyzed the tax positions taken by the company and has concluded that as of september 30, 2017, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. The company is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management believes it is no longer subject to income tax examinations for years prior to 2014.”

Raw XML AppendixShowing 400 of 420 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/AccountsPayableAccrExpnssGrp/BOYAmt018310
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt022186
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE COMPANY IS A U.S. SMALL BUSINESS ADMINISTRATION (SBA) APPROVED CERTIFIED DEVELOPMENT COMPANY AND AN AUTHORIZED LENDER UNDER THE SBA SECTION 504 GUARANTEED LOAN PROGRAM THAT PROVIDES PARTIAL FINANCING OF FIXED ASSETS TO SMALL BUSINESSES.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt025537
IRS990/AdvertisingGrp/TotalAmt025537
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt020548
IRS990/AllOtherExpensesGrp/ProgramServicesAmt012747
IRS990/AllOtherExpensesGrp/TotalAmt033295
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd00
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0JODY WEISSLER DEFOE CHIEF DEPUTY TREASURER
IRS990/BooksInCareOfDetail/PhoneNum02488580623
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01200 N TELEGRAPH ROAD DEPT 479
IRS990/BooksInCareOfDetail/USAddress/CityNm0PONTIAC
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd048341
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/EOYAmt0100
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt05110
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt05110
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt03502
IRS990/ConferencesMeetingsGrp/TotalAmt03502
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt010686
IRS990/CYOtherExpensesAmt0624971
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0668228
IRS990/CYRevenuesLessExpensesAmt048833
IRS990/CYSalariesCompEmpBnftPaidAmt05110
IRS990/CYTotalExpensesAmt0630081
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0678914
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0LOAN ANALYSIS AND ADMINISTRATION EXPENSES ASSOCIATED WITH ASSISTING BUSINESSES IN OBTAINING FINANCING FOR CAPITAL ACQUISITIONS AND IMPROVEMENTS. CURRENTLY, 210 COMPANIES ARE BEING SERVED BY THE ORGANIZATION.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0560712
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt010700
IRS990/FeesForServicesAccountingGrp/TotalAmt010700
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt043856
IRS990/FeesForServicesLegalGrp/TotalAmt043856
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.40
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.40
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt100.40
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt110.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt120.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt130.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt150.10
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/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
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/PersonNm0VIOLET GINTSIS
IRS990/Form990PartVIISectionAGrp/PersonNm1DAVID P ELLIS
IRS990/Form990PartVIISectionAGrp/PersonNm2JIM SIMONE
IRS990/Form990PartVIISectionAGrp/PersonNm3MARY LANGHAUSER
IRS990/Form990PartVIISectionAGrp/PersonNm4ANDREW MEISNER
IRS990/Form990PartVIISectionAGrp/PersonNm5STEVE BALL
IRS990/Form990PartVIISectionAGrp/PersonNm6KATHERINE BROWN
IRS990/Form990PartVIISectionAGrp/PersonNm7MARTIN W HOLLANDER
IRS990/Form990PartVIISectionAGrp/PersonNm8DIANE JONES
IRS990/Form990PartVIISectionAGrp/PersonNm9BARRY LEVINE
IRS990/Form990PartVIISectionAGrp/PersonNm10JOHN LOMINACK
IRS990/Form990PartVIISectionAGrp/PersonNm11JOHN O'BRIEN
IRS990/Form990PartVIISectionAGrp/PersonNm12LINDA J RUSSELL
IRS990/Form990PartVIISectionAGrp/PersonNm13FRED C SEELEY
IRS990/Form990PartVIISectionAGrp/PersonNm14DAVID H SHINDEL
IRS990/Form990PartVIISectionAGrp/PersonNm15JOANN VAN TASSEL
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1665
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2560
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7525
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8385
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9700
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10700
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11420
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13385
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14455
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15175
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/TitleTxt0CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE (PART YEAR)
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01981
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0678914
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt03542
IRS990/InformationTechnologyGrp/TotalAmt03542
IRS990/InsuranceGrp/ManagementAndGeneralAmt012584
IRS990/InsuranceGrp/TotalAmt012584
IRS990/InvestmentIncomeGrp/ExclusionAmt010686
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt010686
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MI
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROMOTE THE GENERAL WEALTH, WELFARE, AND PROSPERITY OF THE PEOPLE RESIDING OR OPERATING BUSINESSES WITHIN OUR AREA OF OPERATIONS, PROMOTE ECONOMIC DEVELOPMENT AND GROWTH OF THE SMALL BUSINESS COMMUNITY, PROMOTE AND INCREASE PRIVATE SECTOR EMPLOYMENT OPPORTUNITIES FOR THE PEOPLE OF OUR AREA OF OPERATIONS. THE MISSION WAS ADOPTED BY THE BOARD ON APRIL 7, 2009.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0809792
IRS990/NetAssetsOrFundBalancesEOYAmt0858625
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ProgramServicesAmt01246
IRS990/OfficeExpensesGrp/TotalAmt01246
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt020937
IRS990/OtherAssetsTotalGrp/EOYAmt022265
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0504 MARKETING/SCREENING
IRS990/OtherExpensesGrp/Desc1503/504 SERVICING STAFF
IRS990/OtherExpensesGrp/Desc2CDC MANAGEMENT STAFF
IRS990/OtherExpensesGrp/Desc3504 CLOSING STAFF
IRS990/OtherExpensesGrp/ProgramServicesAmt0305848
IRS990/OtherExpensesGrp/ProgramServicesAmt1113861
IRS990/OtherExpensesGrp/ProgramServicesAmt240000
IRS990/OtherExpensesGrp/ProgramServicesAmt328392
IRS990/OtherExpensesGrp/TotalAmt0305848
IRS990/OtherExpensesGrp/TotalAmt1113861
IRS990/OtherExpensesGrp/TotalAmt240000
IRS990/OtherExpensesGrp/TotalAmt328392
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt010259
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt012910
IRS990/PrincipalOfficerNm0MARY P LANGHAUSER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522200
IRS990/ProgramServiceRevenueGrp/BusinessCd1522200
IRS990/ProgramServiceRevenueGrp/BusinessCd2522200
IRS990/ProgramServiceRevenueGrp/BusinessCd3522200
IRS990/ProgramServiceRevenueGrp/BusinessCd4522200
IRS990/ProgramServiceRevenueGrp/Desc0SERVICE FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc1PROCESSING FEES
IRS990/ProgramServiceRevenueGrp/Desc2ESCROW FLOAT INTEREST
IRS990/ProgramServiceRevenueGrp/Desc3REIMBURSEMENT INCOME
IRS990/ProgramServiceRevenueGrp/Desc4LATE FEE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0441902
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1191413
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt226232
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt34561
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt44120
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0441902
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1191413
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt226232
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt34561
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt44120
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt07445
IRS990/PYOtherExpensesAmt0592702
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0608271
IRS990/PYRevenuesLessExpensesAmt017904
IRS990/PYSalariesCompEmpBnftPaidAmt05110
IRS990/PYTotalExpensesAmt0597812
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0615716
IRS990/ReconcilationRevenueExpnssAmt048833
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0668228
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0796906
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0845536
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0630081
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0678914
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE COMPANY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(4) OF THE UNITED STATES INTERNAL REVENUE CODE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE COMPANY AND RECOGNIZE A TAX LIABILITY IF THE COMPANY HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE COMPANY AND HAS CONCLUDED THAT AS OF SEPTEMBER 30, 2017, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE COMPANY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2014.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0630081
IRS990ScheduleD/TotalRevenuePerForm990Amt0678914
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0678914
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0630081
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 WAS REVIEWED AT THE QUARTERLY BOARD OF TRUSTEES MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Loan Policy, which was originally adopted by the board of trustees in 2006 and updated and approved by the board in 2015, has within it the merit rules, which outlines standards of conduct, which clearly states a policy on conflict of interest for Oakland County officers and employees. The Oakland County Business Finance Corporation officers and trustees are required to disclose to the board any relationship that they may have with a loan applicant and are required to abstain from a vote on that project. On every loan application the loan applicant and the loan officer must sign an SBA form stating that their is no conflict of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE AUDIT PROCESS HAS NOT CHANGED IN THE CURRENT YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0809792
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0858625
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0828102
IRS990/TotalAssetsEOYAmt0880811
IRS990/TotalAssetsGrp/BOYAmt0828102
IRS990/TotalAssetsGrp/EOYAmt0880811
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt069369
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0560712
IRS990/TotalFunctionalExpensesGrp/TotalAmt0630081
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt018310
IRS990/TotalLiabilitiesEOYAmt022186
IRS990/TotalLiabilitiesGrp/BOYAmt018310
IRS990/TotalLiabilitiesGrp/EOYAmt022186
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0809792
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0858625
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0560712
IRS990/TotalProgramServiceRevenueAmt0668228
IRS990/TotalReportableCompFromOrgAmt05110
IRS990/TotalRevenueGrp/ExclusionAmt010686
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0668228
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0678914
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0828102
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0880811
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt02608
IRS990/TravelGrp/TotalAmt02608
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02100 PONTIAC LAKE ROAD
IRS990/USAddress/CityNm0WATERFORD
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd048328
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt015
IRS990/WebsiteAddressTxt0WWW.OAKGOV.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MARY P LANGHAUSER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum02488580879
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-01-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OAKLAND COUNTY BUSINESS FINANCE CORP
ReturnHeader/Filer/BusinessNameControlTxt0OAKL
ReturnHeader/Filer/EIN0382391435
ReturnHeader/Filer/PhoneNum02488580879
ReturnHeader/Filer/USAddress/AddressLine1Txt02100 PONTIAC LAKE ROAD
ReturnHeader/Filer/USAddress/CityNm0WATERFORD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048328
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)4 • $1M-$5M nonprofits