Civic Intelligence

Wasatch Community Funding Inc

990 • Fiscal year 2016 • EIN 47-2779680

Jul 01, 2015 to Jun 30, 2016 • Filed on Oct 07, 2016

Organization Profile
2036 Lincoln Ave Suite 105Ogden, UT 84401

(801) 629-8604

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.69x

Higher debt load relative to assets than 92% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

100th percentile

1128.86x

Higher debt load relative to revenue than 100% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

1st percentile

-6209%

Higher net margin than 1% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Balance Sheet
Liabilities / Assets92nd percentile

Assets

$308,141

No earlier filing loaded for comparison.

Net Assets

$97,045

No earlier filing loaded for comparison.

Liabilities

$211,096

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin1st percentile

Revenue

$187

No earlier filing loaded for comparison.

Expenses

$11,798

No earlier filing loaded for comparison.

Net Income

-$11,611

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

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

Highlighted filing

2016

Assets$308,141
Liabilities$211,096
Net Assets$97,045
Open 2016 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this 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

2016

Revenue$187
Expenses$11,798
Net Income-$11,611
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Oct 7, 2016
Return Version
2015v2.1
Gross Receipts
$187
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$0$308,141▲ $308,141
Liabilities
Mortgage Notes Payable Secured by Investment Property-$182,211-
Unsecured Notes Loans Payable-$28,885-
Total Liabilities$0$211,096▲ $211,096
Net Assets / Fund Balance
Unrestricted Net Assets-$97,045-
Total Net Assets Fund Balance$0$97,045▲ $97,045
Total Liabilities and Net Assets / Fund Balance$0$308,141▲ $308,141
Compensation and Service Providers
Top Officer Pay75th percentile

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
$0
Investment Income
$187
Other Revenue
$0
Change in Net Assets
$-11,611
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$11,798
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting$695--$695
Other Expenses$405--$405
Total Functional Expenses$11,798$0$0$11,798
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
2016-10-07
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 108,656 total 108,656”

Raw XML Appendix283 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/EOYAmt088394
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0187
IRS990/CYOtherExpensesAmt011798
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-11611
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt011798
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0187
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/ExpenseAmt011798
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt0695
IRS990/FeesForServicesAccountingGrp/TotalAmt0695
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/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02015
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0187
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt010
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InitialReturnInd0X
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0187
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0187
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0UT
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
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/EOYAmt0182211
IRS990/NetAssetsOrFundBalancesEOYAmt097045
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt0108656
IRS990/OtherExpensesGrp/Desc0PROGRAM EXP - INT & SCV F
IRS990/OtherExpensesGrp/Desc1PROGRAM EXP
IRS990/OtherExpensesGrp/Desc2LICENSE AND FEES
IRS990/OtherExpensesGrp/ProgramServicesAmt09664
IRS990/OtherExpensesGrp/ProgramServicesAmt11034
IRS990/OtherExpensesGrp/ProgramServicesAmt2405
IRS990/OtherExpensesGrp/TotalAmt09664
IRS990/OtherExpensesGrp/TotalAmt11034
IRS990/OtherExpensesGrp/TotalAmt2405
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0203763
IRS990/PartialLiquidationInd0false
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt015984
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0ZANE FROERER
IRS990/ProfessionalFundraisingInd0false
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/ReconcilationRevenueExpnssAmt0-11611
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0187
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0187
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0187
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0187
IRS990ScheduleA/Total509Grp/TotalAmt0187
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0187
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0187
IRS990/ScheduleBRequiredInd0false
IRS990/ScheduleJRequiredInd0false
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 108,656 TOTAL 108,656
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/TerminateOperationsInd0false
IRS990/TotalAssetsEOYAmt0308141
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt0308141
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt011798
IRS990/TotalFunctionalExpensesGrp/TotalAmt011798
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt0211096
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0211096
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt097045
IRS990/TotalProgramServiceExpensesAmt011798
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0187
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0187
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0308141
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/EOYAmt097045
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt028885
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/SignatureDt02016-10-07
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/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/PreparationDt02016-10-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRENT LITZ CPA
ReturnHeader/ReturnTs02016-10-11T13:53:18-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$308,141
Liabilities
$211,096
Net assets
$97,045
Revenue
$187
Expenses
$11,798
Net income
-$11,611
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