Civic Intelligence

Wasatch Community Funding Inc

EIN 47-2779680 • 501(c)3 • Ogden, UT

Profile

Formed to assist in the reinvestment of the greater ogden area. The orc offers loans to borrowers with solid business models but that are not yet able to secure traditional bank financing, including: microenterprises, pre-development/bridge property acqauisition, small business startup and expansions, and housing/mixed use developments. These loan services are complimented with business counseling through the ogden city business information center (bic). Orc was provided with contributed services from ogden city.

2036 Lincoln Ave Suite 105Ogden, UT 84401
Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2017

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

4th percentile

-545%

Higher net margin than 4% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

9th percentile

-100%

Faster asset growth than 9% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

100th percentile

9422%

Faster revenue growth than 100% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $308,141 (-100%) from 2016

Liabilities

Down

$0

Down $211,096 (-100%) from 2016

Net Assets

Down

$0

Down $97,045 (-100%) from 2016

Operations
Liabilities / Revenue61st percentileNet Margin4th percentile

Revenue

Up

$17,806

Up $17,619 (+9422%) from 2016

Expenses

Up

$114,851

Up $103,053 (+873%) from 2016

Net Income

Down

-$97,045

Down $85,434 (-736%) from 2016

Trend Graphs

Balance Sheet Trend

Asset Growth9th percentile

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

$400K$300K$200K$100K$0Assets 2016: $308,141Liabilities 2016: $211,096Net Assets 2016: $97,0452016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017

Highlighted filing

2017

Assets$0
Liabilities$0
Net Assets$0
Open 2017 Filing

Operations Trend

Revenue Growth100th percentile

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

$200K$100K$0-$100KRevenue 2016: $187Expenses 2016: $11,798Net Income 2016: -$11,6112016Revenue 2017: $17,806Expenses 2017: $114,851Net Income 2017: -$97,0452017

Highlighted filing

2017

Revenue$17,806
Expenses$114,851
Net Income-$97,045
Open 2017 Filing

Filings

Most recent year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$17,806
Expenses
$114,851
Net income
-$97,045
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2017Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.18$1.15$0.97
2016Detailed filing. Detailed filing data is available for this year.$3.08$2.11$0.97$0.00$0.12$0.12
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Aug 8, 2017
Return Version
2016v3.0
Gross Receipts
$17,806
Mission and Program Overview

Mission

Formed to assist in the reinvestment of the greater ogden area. The orc offers loans to borrowers with solid business models but that are not yet able to secure traditional bank financing, including: microenterprises, pre-development/bridge property acqauisition, small business startup and expansions, and housing/mixed use developments. These loan services are complimented with business counseling through the ogden city business information center (bic). Orc was provided with contributed services from ogden city.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$203,763--
Cash and Non-Interest-Bearing Accounts$88,394--
Pledges and Grants Receivable$15,984--
Total Assets$308,141$0▼ $308,141
Liabilities
Mortgage Notes Payable Secured by Investment Property$182,211--
Unsecured Notes Loans Payable$28,885--
Total Liabilities$211,096$0▼ $211,096
Net Assets / Fund Balance
Unrestricted Net Assets$97,045--
Total Net Assets Fund Balance$97,045$0▼ $97,045
Total Liabilities and Net Assets / Fund Balance$308,141$0▼ $308,141
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Zane FroererChairman
John E LindquistVice Chair
Neal BerubeTrustee
Rich BrewerTrustee
Rick FairbanksTrustee
Slade OpheikensTrustee
Tom ChristopulosTrustee
Sarah StofferExecutive Di
Edward KleynSecretary
Kelly GoddardTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$17,764
Investment Income
$42
Other Revenue
$0
Change in Net Assets
$-97,045
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$87,766
Other Expenses$27,085
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$87,766--$87,766
Other Expenses$1,897--$1,897
Fees for Services Accounting-$550-$550
Total Functional Expenses$114,301$550$0$114,851
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Ogden Industrial Development CorporOgden, UT501(c)Residual Equity$87,766
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
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The governing board reviewed and approved all financial statements used in the preparation of the 990. The chair reviewed and signed the return or authorized another trustee to sign.”

Form 990, Page 6, Part VI, Line 19

“The board approves policies and procedures relating to governance and poli cies. The annual financial statements were reviewed and approved by the governing board.”

Filing and Contact Details

Filer

Filer Name
Wasatch Community Funding Inc
EIN
47-2779680
Phone
8016298604
Address
2036 LINCOLN AVE SUITE 105, OGDEN, UT 84401

Signing Officer

Name
Zane Froerer
Title
Chairman
Phone
8016298604
Signed
2017-08-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Zane Froerer
Formed
2015
Legal Domicile
Ut
Voting Board Members
10
Independent Board Members
10
Employees
0

Preparer

Firm
Litz & Company Pc
Address
5145 S AIRPORT RD STE 100, ROY, UT 84067-2975
Preparer
Brent Litz CPA
Phone
8018254100
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Formed to assist in the reinvestment of the greater ogden area. The orc offers loans to borrowers with solid business models but that are not yet able to secure traditional bank financing, including: microenterprises, pre-development/bridge property acqauisition, small business startup and expansions, and housing/mixed use developments. These loan services are complimented with business counseling through the ogden city business information center (bic). Orc was provided with contributed services from ogden city.”

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

“To assist in the reinvestment of the greater ogden area. The orc offers loans to borrowers with solid business models but that are not yet able to secure traditional bank financing.”

Form 990, Part XI, Line 9

“OPENING BALANCE 0”

Raw XML Appendix361 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/AccountantCompileOrReviewInd0false
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0FORMED TO ASSIST IN THE REINVESTMENT OF THE GREATER OGDEN AREA. THE ORC OFFERS LOANS TO BORROWERS WITH SOLID BUSINESS MODELS BUT THAT ARE NOT YET ABLE TO SECURE TRADITIONAL BANK FINANCING, INCLUDING: MICROENTERPRISES, PRE-DEVELOPMENT/BRIDGE PROPERTY ACQAUISITION, SMALL BUSINESS STARTUP AND EXPANSIONS, AND HOUSING/MIXED USE DEVELOPMENTS. THESE LOAN SERVICES ARE COMPLIMENTED WITH BUSINESS COUNSELING THROUGH THE OGDEN CITY BUSINESS INFORMATION CENTER (BIC). ORC WAS PROVIDED WITH CONTRIBUTED SERVICES FROM OGDEN CITY.
IRS990/BooksInCareOfDetail/PersonNm0SARA STOFFER
IRS990/BooksInCareOfDetail/PhoneNum08014528701
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02036 LINCOLN AVE SUITE 105
IRS990/BooksInCareOfDetail/USAddress/CityNm0OGDEN
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0UT
IRS990/BooksInCareOfDetail/USAddress/ZIPCd084401
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt088394
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractTerminationInd0X
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt087766
IRS990/CYInvestmentIncomeAmt042
IRS990/CYOtherExpensesAmt027085
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt017764
IRS990/CYRevenuesLessExpensesAmt0-97045
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0114851
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt017806
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0WASATCH COMMUNITY FUNDING EVALUATES SEVERAL NEW LOAN OPPORTUNITIES WITH SMALL BUSINESSES IN NEED OF CAPITAL THAT DO NOT QUALIFY FOR TRADITIONAL BANK FINANCING IN THE GREATER OGDEN AREA. SERVICING EXISTING LOAN PORTFOLIO
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0114301
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt0550
IRS990/FeesForServicesAccountingGrp/TotalAmt0550
IRS990/FinalReturnInd0X
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
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/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
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/PersonNm0TOM CHRISTOPULOS
IRS990/Form990PartVIISectionAGrp/PersonNm1JOHN E LINDQUIST
IRS990/Form990PartVIISectionAGrp/PersonNm2EDWARD KLEYN
IRS990/Form990PartVIISectionAGrp/PersonNm3SLADE OPHEIKENS
IRS990/Form990PartVIISectionAGrp/PersonNm4RICK FAIRBANKS
IRS990/Form990PartVIISectionAGrp/PersonNm5RICH BREWER
IRS990/Form990PartVIISectionAGrp/PersonNm6NEAL BERUBE
IRS990/Form990PartVIISectionAGrp/PersonNm7KELLY GODDARD
IRS990/Form990PartVIISectionAGrp/PersonNm8SARAH STOFFER
IRS990/Form990PartVIISectionAGrp/PersonNm9ZANE FROERER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/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/TitleTxt0TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt8EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt9CHAIRMAN
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02015
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GrantAmt087766
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt087766
IRS990/GrantsToDomesticOrgsGrp/TotalAmt087766
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt017806
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt010
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt042
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt042
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0UT
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0FORMED TO ASSIST IN THE REINVESTMENT OF THE GREATER OGDEN AREA. THE ORC OFFERS LOANS TO BORROWERS WITH SOLID BUSINESS MODELS BUT THAT ARE NOT YET ABLE TO SECURE TRADITIONAL BANK FINANCING, INCLUDING: MICROENTERPRISES, PRE-DEVELOPMENT/BRIDGE PROPERTY ACQAUISITION, SMALL BUSINESS STARTUP AND EXPANSIONS, AND HOUSING/MIXED USE DEVELOPMENTS. THESE LOAN SERVICES ARE COMPLIMENTED WITH BUSINESS COUNSELING THROUGH THE OGDEN CITY BUSINESS INFORMATION CENTER (BIC). ORC WAS PROVIDED WITH CONTRIBUTED SERVICES FROM OGDEN CITY.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0182211
IRS990/NetAssetsOrFundBalancesBOYAmt097045
IRS990/NetAssetsOrFundBalancesEOYAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0BAD DEBT ON PLEDGES
IRS990/OtherExpensesGrp/Desc1PROGRAM EXP - INT & SCV F
IRS990/OtherExpensesGrp/Desc2PROGRAM EXP
IRS990/OtherExpensesGrp/Desc3LICENSE AND FEES
IRS990/OtherExpensesGrp/ProgramServicesAmt015747
IRS990/OtherExpensesGrp/ProgramServicesAmt15560
IRS990/OtherExpensesGrp/ProgramServicesAmt23331
IRS990/OtherExpensesGrp/ProgramServicesAmt31897
IRS990/OtherExpensesGrp/TotalAmt015747
IRS990/OtherExpensesGrp/TotalAmt15560
IRS990/OtherExpensesGrp/TotalAmt23331
IRS990/OtherExpensesGrp/TotalAmt31897
IRS990/OtherOrganizationDsc0NON-PROFIT
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0203763
IRS990/PartialLiquidationInd0false
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt015984
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0ZANE FROERER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM LOAN INTERST INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt017764
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt017764
IRS990/ProgSrvcAccomActyOtherGrp/Desc0TO ASSIST IN THE REINVESTMENT OF THE GREATER OGDEN AREA. THE ORC OFFERS LOANS TO BORROWERS WITH SOLID BUSINESS MODELS BUT THAT ARE NOT YET ABLE TO SECURE TRADITIONAL BANK FINANCING.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0187
IRS990/PYOtherExpensesAmt011798
IRS990/PYRevenuesLessExpensesAmt0-11611
IRS990/PYTotalExpensesAmt011798
IRS990/PYTotalRevenueAmt0187
IRS990/ReconcilationRevenueExpnssAmt0-97045
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt017764
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt017806
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0187
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt017993
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt017993
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt017806
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0187
IRS990ScheduleA/Total509Grp/TotalAmt017993
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt017806
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0187
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt017993
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt087766
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0RESIDUAL EQUITY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0OGDEN INDUSTRIAL DEVELOPMENT CORPOR
IRS990ScheduleI/RecipientTable/RecipientEIN0237169725
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 150631
IRS990ScheduleI/RecipientTable/USAddress/CityNm0OGDEN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0UT
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd084415
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleN/AssetsDistributedInd0false
IRS990ScheduleN/BondsOutstandingInd0false
IRS990ScheduleN/DirectorOfSuccessorInd0true
IRS990ScheduleN/EmployeeOfSuccessorInd0false
IRS990ScheduleN/LiabilitiesPaidInd0false
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0CASH
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc1LOAN PORTFOLIO
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc2NOTE PAYABLE WAREHOUSE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02017-06-30
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt12017-06-30
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt22017-06-30
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0237169725
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt087766
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt1190450
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt2-190450
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501(C) 6
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt1GOVERNMENT
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt2GOVERNMENT
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0FAIR VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt1AMTZ BAL
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt2BANK BAL
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm0OGDEN INDUSTRIAL DEVELOPMENT CORPOR
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm1OGDEN CITY CORPORATION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm2OGDEN CITY CORPORATION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt0PO BOX 150631
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt12036 LINCOLN AVE STE 105
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt22036 LINCOLN STE 105
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0OGDEN
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm1OGDEN
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm2OGDEN CITY
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0UT
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd1UT
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd2UT
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd084415
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd184401
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd284401
IRS990ScheduleN/OwnerOfSuccessorInd0false
IRS990ScheduleN/ReceiveCompensationInd0false
IRS990ScheduleN/RequiredToNotifyAGInd0false
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0SEE ATTACHED DOCUMENT
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt1BOARD ACTION TO TRANSFER RESIDUAL EQUITY TO OGDEN INDUSTRIAL DEVELOPMENT CORPORATION (OIDC). OIDC WAS A SPONSOR OF WASATCH COMMUNITY FUNDING AND SERVICES THE SAME GEOGRAPHICAL AREA AND HAS SIMILAR MANDATE OF MAKING LOANS IN THE COMMUNITY AND IS ALSO AN ORGANZIATION ESTABLISHED UNDER IRS CODE SECTION 501 (C) 6
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE N, PAGE 1, PART I, LINE 2E
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE N, PAGE 2, PART I, LINE 3
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORMED TO ASSIST IN THE REINVESTMENT OF THE GREATER OGDEN AREA. THE ORC OFFERS LOANS TO BORROWERS WITH SOLID BUSINESS MODELS BUT THAT ARE NOT YET ABLE TO SECURE TRADITIONAL BANK FINANCING, INCLUDING: MICROENTERPRISES, PRE-DEVELOPMENT/BRIDGE PROPERTY ACQAUISITION, SMALL BUSINESS STARTUP AND EXPANSIONS, AND HOUSING/MIXED USE DEVELOPMENTS. THESE LOAN SERVICES ARE COMPLIMENTED WITH BUSINESS COUNSELING THROUGH THE OGDEN CITY BUSINESS INFORMATION CENTER (BIC). ORC WAS PROVIDED WITH CONTRIBUTED SERVICES FROM OGDEN CITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TO ASSIST IN THE REINVESTMENT OF THE GREATER OGDEN AREA. THE ORC OFFERS LOANS TO BORROWERS WITH SOLID BUSINESS MODELS BUT THAT ARE NOT YET ABLE TO SECURE TRADITIONAL BANK FINANCING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING BOARD REVIEWED AND APPROVED ALL FINANCIAL STATEMENTS USED IN THE PREPARATION OF THE 990. THE CHAIR REVIEWED AND SIGNED THE RETURN OR AUTHORIZED ANOTHER TRUSTEE TO SIGN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD APPROVES POLICIES AND PROCEDURES RELATING TO GOVERNANCE AND POLI CIES. THE ANNUAL FINANCIAL STATEMENTS WERE REVIEWED AND APPROVED BY THE GOVERNING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OPENING BALANCE 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0true
IRS990/TotalAssetsBOYAmt0308141
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt0308141
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0550
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0114301
IRS990/TotalFunctionalExpensesGrp/TotalAmt0114851
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0211096
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt0211096
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt097045
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalProgramServiceExpensesAmt0114301
IRS990/TotalProgramServiceRevenueAmt017764
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt017806
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt017806
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0308141
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt097045
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt028885
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02600 WASHINGTON BLVD
IRS990/USAddress/CityNm0OGDEN
IRS990/USAddress/StateAbbreviationCd0UT
IRS990/USAddress/ZIPCd084401
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ZANE FROERER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum08016298604
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-08-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WASATCH COMMUNITY FUNDING INC
ReturnHeader/Filer/BusinessNameControlTxt0WASA
ReturnHeader/Filer/EIN0472779680
ReturnHeader/Filer/PhoneNum08016298604
ReturnHeader/Filer/USAddress/AddressLine1Txt02036 LINCOLN AVE SUITE 105
ReturnHeader/Filer/USAddress/CityNm0OGDEN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0UT
ReturnHeader/Filer/USAddress/ZIPCd084401
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0FADCEC117BF9D3331C2543EEA40CECBAA6735AFE
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0FADCEC117BF9D3331C2543EEA40CECBAA6735AFE
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0870493070
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LITZ & COMPANY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05145 S AIRPORT RD STE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ROY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0UT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0840672975
ReturnHeader/PreparerPersonGrp/PhoneNum08018254100
ReturnHeader/PreparerPersonGrp/PreparationDt02017-08-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRENT LITZ CPA
ReturnHeader/ReturnTs02017-08-08T12:49:37-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.