Civic Intelligence

MID-Atlantic Business Finance Company

EIN 52-1276883 • 501(c)4 • Fallston, MD

Profile

To serve as an sba development company by providing loans to qualified applicants for business expansion.

1905 Huntfield CourtFallston, MD 21047

n/A

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)4 • <$500k nonprofits • Source year 2017

Net Margin

4th percentile

-410%

Higher net margin than 4% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2017

Top Officer Pay

97th percentile

$56,635

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 164.4% of source-year revenue.

501(c)4 • <$500k nonprofits • Source year 2017

Asset Growth

9th percentile

-100%

Faster asset growth than 9% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

8th percentile

-89%

Faster revenue growth than 8% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$0

Down $314,725 (-100%) from 2016

Liabilities

Down

$0

Down $173,502 (-100%) from 2016

Net Assets

Down

$0

Down $141,223 (-100%) from 2016

Revenue

Down

$34,457

Down $279,771 (-89%) from 2016

Expenses

Down

$175,680

Down $102,248 (-37%) from 2016

Net Income

Down

-$141,223

Down $177,523 (-489%) from 2016

Trend Graphs

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $409,755Liabilities 2011: $352,524Net Assets 2011: $57,2312011Assets 2012: $419,056Liabilities 2012: $290,082Net Assets 2012: $128,9742012Assets 2013: $379,896Liabilities 2013: $231,850Net Assets 2013: $148,0462013Assets 2014: $345,613Liabilities 2014: $203,475Net Assets 2014: $142,1382014Assets 2015: $287,357Liabilities 2015: $182,434Net Assets 2015: $104,9232015Assets 2016: $314,725Liabilities 2016: $173,502Net Assets 2016: $141,2232016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017

Highlighted filing

2017

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $559,3572011Expenses 2012: $494,7632012Revenue 2013: $463,194Expenses 2013: $444,122Net Income 2013: $19,0722013Revenue 2014: $419,307Expenses 2014: $425,215Net Income 2014: -$5,9082014Revenue 2015: $368,670Expenses 2015: $405,885Net Income 2015: -$37,2152015Revenue 2016: $314,228Expenses 2016: $277,928Net Income 2016: $36,3002016Revenue 2017: $34,457Expenses 2017: $175,680Net Income 2017: -$141,2232017

Highlighted filing

2017

Revenue$34,457
Expenses$175,680
Net Income-$141,223

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Jan 11, 2018
Return Version
2016v3.0
Gross Receipts
$270,934
Mission and Program Overview

Mission

To serve as an sba development company by providing loans to qualified applicants for business expansion.

To serve as an sba development co. By providing loans to qualified applicants for business expansion

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$226,468$0▼ $226,468
Cash and Non-Interest-Bearing Accounts$88,257$0▼ $88,257
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$314,725$0▼ $314,725
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$162,750--
Accounts Payable and Accrued Expenses$5,752--
Other Liabilities$5,000$0▼ $5,000
Total Liabilities$173,502$0▼ $173,502
Net Assets / Fund Balance
Unrestricted Net Assets$141,223$0▼ $141,223
Total Net Assets Fund Balance$141,223$0▼ $141,223
Total Liabilities and Net Assets / Fund Balance$314,725$0▼ $314,725
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Richard SchellerPresidentFT$56,635$56,635

Board Members and Trustees

NameTitle
Barbara WallaceChair
Porter SiemsVice Chair
Larry AaronsonDirector
Oliver PhillipsDirector
Randy CroxtonDirector
Robert P FreyDirector
David F HunterSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$120,571
Investment Income
$-111,475
Other Revenue
$25,361
Change in Net Assets
$-141,223
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$109,824
Other Expenses$65,856
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$56,635--$56,635
Other Salaries and Wages$44,200--$44,200
Insurance$14,099--$14,099
All Other Expenses$10,209--$10,209
Payroll Taxes$8,989--$8,989
Fees for Services Accounting$7,675--$7,675
Occupancy$5,427--$5,427
Interest$4,850--$4,850
Fees for Services Legal$4,371--$4,371
Other Expenses$3,137--$3,137
Office Expenses$1,778--$1,778
Travel$846--$846
Fees for Services Other$315--$315
Total Functional Expenses$175,680$0$0$175,680
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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, Part VI, Section B, Line 11B

The organization has a committee to review and approve the draft tax return. The committee compares the final tax return with the audited financial statements to determine if the return looks reasonable. Therafter to the entire board for approval, once approved, the tax return is signed and mailed to the internal revenue service.

Form 990, Part VI, Section C, Line 18

The organization makes its form 990 available to the public upon request.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflicts of interest policies, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Mid-atlantic Business Finance Company
EIN
52-1276883
Phone
4108631600
Address
1905 HUNTFIELD COURT, FALLSTON, MD 21047

Signing Officer

Name
Richard Scheller
Title
President
Phone
4108631600
Signed
2018-01-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Scheller
Formed
1981
Legal Domicile
Md
Voting Board Members
8
Independent Board Members
7
Employees
2
Volunteers
0

Preparer

Firm
Grandizio Wilkins Little & Matthews
Address
1122 KENILWORTH DRIVE SUITE 413, TOWSON, MD 21204
Preparer
Henry a Grandizio
Phone
4104940885
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The organization has a committee to review and approve the draft financial statements and tax returns. The committee reviews the draft financial statements and tax returns to determine if they appear reasonable in comparison with their records.

Raw XML AppendixShowing 400 of 446 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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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt1FAIR MARKET VALUE IN AN ARM'S LENGTH SALES TRANSACTION
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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt11207 ASTER DRIVE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0GLEN BURNIE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm1GLEN BURNIE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0MD
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd1MD
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd021061
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd121061
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS A COMMITTEE TO REVIEW AND APPROVE THE DRAFT TAX RETURN. THE COMMITTEE COMPARES THE FINAL TAX RETURN WITH THE AUDITED FINANCIAL STATEMENTS TO DETERMINE IF THE RETURN LOOKS REASONABLE. THERAFTER TO THE ENTIRE BOARD FOR APPROVAL, ONCE APPROVED, THE TAX RETURN IS SIGNED AND MAILED TO THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICIES, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS A COMMITTEE TO REVIEW AND APPROVE THE DRAFT FINANCIAL STATEMENTS AND TAX RETURNS. THE COMMITTEE REVIEWS THE DRAFT FINANCIAL STATEMENTS AND TAX RETURNS TO DETERMINE IF THEY APPEAR REASONABLE IN COMPARISON WITH THEIR RECORDS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0MID-ATLANTIC BUSINESS FINANCE COMPANY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1MID-ATLANTIC BUSINESS FINANCE COMPANY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt2MID-ATLANTIC BUSINESS FINANCE COMPANY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0LOWER SHORE RURAL LENDING CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1MID SHORE RURAL LENDING CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2WESTERN MARYLAND RURAL LENDING CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0521982310
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1521999615
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2522029261
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)4
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)4
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501(C)4
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1MD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2MD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0RELENDING OF US DEPARTMENT OF AGRICULTURE FUNDS TO QUALIFIED BORROWERS.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1RELENDING OF US DEPARTMENT OF AGRICULTURE FUNDS TO QUALIFIED BORROWERS.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2RELENDING OF US DEPARTMENT OF AGRICULTURE FUNDS TO QUALIFIED BORROWERS.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01410 N CRAIN HIGHWAY SUITE 5B
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt11410 N CRAIN HIGHWAY SUITE 5B
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt21410 N CRAIN HIGHWAY SUITE 5B
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0GLEN BURNIE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1GLEN BURNIE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2GLEN BURNIE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1MD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd2MD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd0210619304
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd1210619304
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd2210619304
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MD
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd01
IRS990/TotalAssetsBOYAmt0314725
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt0314725
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0175680
IRS990/TotalFunctionalExpensesGrp/TotalAmt0175680
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0173502
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt0173502
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0141223
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0175680
IRS990/TotalProgramServiceRevenueAmt0120571
IRS990/TotalReportableCompFromOrgAmt056635
IRS990/TotalRevenueGrp/ExclusionAmt02
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt034455
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt034457
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0314725
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt0846
IRS990/TravelGrp/TotalAmt0846
IRS990/TypeOfOrganizationCorpInd0X

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