Civic Intelligence

Prince Georges Financial Services Corporation

990 • Fiscal year 2016 • EIN 52-1305988

Jul 01, 2015 to Jun 30, 2016 • Filed on May 11, 2017

Organization ProfileWWW.FSCFIRST.COM

View Organization Page

1801 Mccormick Drive No 300Largo, MD 20774

(301) 883-6900

Siviq Scores

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

Liabilities / Assets

89th percentile

0.86x

Higher debt load relative to assets than 89% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

92nd percentile

2.88x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

37th percentile

-1.5%

Higher net margin than 37% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

83rd percentile

$145,508

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 13.0% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

87th percentile

31%

Faster asset growth than 87% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

14th percentile

-22%

Faster revenue growth than 14% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets89th percentile

Assets

Up

$3,752,847

Up $898,000 (+31%) from 2015

Net Assets

Down

$541,493

Down $16,494 (-3.0%) from 2015

Liabilities

Up

$3,211,354

Up $914,494 (+40%) from 2015

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin37th percentile

Revenue

Down

$1,115,488

Down $322,244 (-22%) from 2015

Expenses

Down

$1,131,982

Down $222,205 (-16%) from 2015

Net Income

Down

-$16,494

Down $100,039 (-120%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth87th percentile

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

$15M$10M$5.0M$0Assets 2011: $10,528,675Liabilities 2011: $10,005,615Net Assets 2011: $523,0602011Assets 2012: $10,603,638Liabilities 2012: $10,169,907Net Assets 2012: $433,7312012Assets 2013: $3,362,026Liabilities 2013: $2,836,653Net Assets 2013: $525,3732013Assets 2014: $2,167,453Liabilities 2014: $1,693,011Net Assets 2014: $474,4422014Assets 2015: $2,854,847Liabilities 2015: $2,296,860Net Assets 2015: $557,9872015Assets 2016: $3,752,847Liabilities 2016: $3,211,354Net Assets 2016: $541,4932016Assets 2017: $3,919,844Liabilities 2017: $3,342,824Net Assets 2017: $577,0202017Assets 2018: $2,773,472Liabilities 2018: $2,132,796Net Assets 2018: $640,6762018Assets 2019: $3,745,109Liabilities 2019: $2,858,490Net Assets 2019: $886,6192019Assets 2020: $5,375,200Liabilities 2020: $4,509,074Net Assets 2020: $866,1262020Assets 2021: $5,730,425Liabilities 2021: $4,321,259Net Assets 2021: $1,409,1662021Assets 2022: $6,191,541Liabilities 2022: $4,576,681Net Assets 2022: $1,614,8602022Assets 2023: $8,799,436Liabilities 2023: $6,829,511Net Assets 2023: $1,969,9252023Assets 2024: $13,548,802Liabilities 2024: $11,196,431Net Assets 2024: $2,352,3712024

Highlighted filing

2016

Assets$3,752,847
Liabilities$3,211,354
Net Assets$541,493
Open 2016 Filing

Operations Trend

Revenue Growth14th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $996,468Expenses 2011: $1,132,100Net Income 2011: -$135,6322011Expenses 2012: $1,240,0092012Expenses 2013: $1,235,9112013Revenue 2014: $1,229,779Expenses 2014: $1,280,710Net Income 2014: -$50,9312014Revenue 2015: $1,437,732Expenses 2015: $1,354,187Net Income 2015: $83,5452015Revenue 2016: $1,115,488Expenses 2016: $1,131,982Net Income 2016: -$16,4942016Revenue 2017: $1,279,253Expenses 2017: $1,243,726Net Income 2017: $35,5272017Revenue 2018: $1,384,383Expenses 2018: $1,320,727Net Income 2018: $63,6562018Revenue 2019: $1,719,034Expenses 2019: $1,473,091Net Income 2019: $245,9432019Revenue 2020: $1,661,099Expenses 2020: $1,681,592Net Income 2020: -$20,4932020Revenue 2021: $3,752,582Expenses 2021: $3,209,543Net Income 2021: $543,0392021Revenue 2022: $2,663,412Expenses 2022: $2,457,718Net Income 2022: $205,6942022Revenue 2023: $3,279,015Expenses 2023: $2,923,950Net Income 2023: $355,0652023Revenue 2024: $4,985,796Expenses 2024: $4,603,349Net Income 2024: $382,4472024

Highlighted filing

2016

Revenue$1,115,488
Expenses$1,131,982
Net Income-$16,494
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 11, 2017
Return Version
2015v3.0
Gross Receipts
$1,115,488
Mission and Program Overview

Mission

The Organization is a private noprofit corporation designated as a certified development corporation by the US Small Business Administration. The Organization's principal business objective is to provide non-traditional funding sources to underserved markets.

Provide non-traditional funding sources to underserved markets.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$1,744,279$2,548,001▲ $803,722
Cash and Non-Interest-Bearing Accounts$22,095$157,343▲ $135,248
Savings and Temporary Cash Investments$107,934$77,778▼ $30,156
Accounts Receivable$59,693$51,394▼ $8,299
Prepaid Expenses and Deferred Charges$39,485$31,246▼ $8,239
Land, Buildings, and Equipment, Net$35,324$19,685▼ $15,639
Pledges and Grants Receivable$6,375$0▼ $6,375
Total Assets$2,854,847$3,752,847▲ $898,000
Other Assets Total$839,662$867,400▲ $27,738
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,896,263$2,728,972▲ $832,709
Other Liabilities$329,376$286,768▼ $42,608
Accounts Payable and Accrued Expenses$71,221$195,614▲ $124,393
Total Liabilities$2,296,860$3,211,354▲ $914,494
Net Assets / Fund Balance
Unrestricted Net Assets$520,165$494,898▼ $25,267
Temporarily Rstr Net Assets$37,822$46,595▲ $8,773
Total Net Assets Fund Balance$557,987$541,493▼ $16,494
Total Liabilities and Net Assets / Fund Balance$2,854,847$3,752,847▲ $898,000

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$19,685$119,715$139,400
Leasehold Improvements$0$68,000$68,000
Other Land Buildings$0$25,252$25,252
Other Assets Org$29,225--
Compensation and Service Providers
Top Officer Pay83rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Shelly Gross-wadePresident / CEOFT$120,384$25,124$145,508

Board Members and Trustees

NameTitle
John L Huggins JrChairman/director
Courtney Billups EsqCommittee Chair/director
Kathryn ClayTreasurer/committee Chair/director
Howard W Stone JrVice Chair/secretary/director
John Henry KingVice Chairman /director
Kenneth WhiteDirector
Lisa Ann Thompson-taylorDirector
Lisa SmithDirector
Maria RandallDirector
Maurice WalkerDirector
Peter SorgeDirector
Rosalind StylesDirector
Sharon Moore JacksonDirector
Sheman RaglandDirector
Tami WatkinsSecretary/director
Sherry WillsTreasurer/director
Revenue and Support

Revenue Composition

Contributions and Grants
$767,300
Program Service Revenue
$325,741
Investment Income
$1,594
Other Revenue
$20,853
All Other Contributions
$27,500
Change in Net Assets
$-16,494

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,115,488
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$74,040
Total Revenue per Audited Statements
$1,189,528
Total Revenue per Form 990
$1,115,488
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$778,946
Other Expenses$353,036
Total Fundraising Expense$72,084
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$328,186$132,412$7,431$468,029
Current Officers, Directors, Trustees, and Key Employees$30,552$91,657$30,552$152,761
Fees for Services Accounting$58,843$36,310$3,079$98,232
Other Employee Benefits$58,076$14,142$1,179$73,397
Office Expenses$34,613$15,443$3,195$53,251
Payroll Taxes$32,468$14,486$2,997$49,951
Fees for Services Legal$32,207$2,871-$35,078
Pension Plan Contributions$24,326$8,923$1,559$34,808
All Other Expenses$6,073$1,458$18,925$26,456
Advertising$15,904$818-$16,722
Depreciation Depletion-$15,670-$15,670
Insurance$10,036$4,476$927$15,439
Information Technology$9,182$4,097$847$14,126
Fees for Services Other$6,826$3,045$630$10,501
Conferences and Meetings$2,638$1,407$95$4,140
Other Expenses$873$2,169$492$3,042
Travel$1,909$852$176$2,937
Total Functional Expenses$707,285$352,613$72,084$1,131,982

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,206,022
Expenses per Audited Statements$1,131,982
Total Expenses per Form 990$1,131,982
Expenses Not Reported on Form 990$74,040
Expenses Not Reported on Financial Statements$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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Microloan Program Funds$130,000
Bowie Loan Program Escrow Funds$127,500
Edi Funds Related Fees Payable$29,335
Hud 108 Escrow Funds$-67
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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 11

“Final draft of the 990 form is sent electronically via email to the board finance committee, with recommendation for approval by the full board. They are asked to review and comment within 5 business days. If no change requests are submitted by that deadline, the return is filed. If changes are requested and agreed to, such changes are made and the return is filed.”

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

“Conflict of interest policy is signed by staff/board of director members and reviewed annually by the governance committee.”

Form 990, Part VI, Section B, Line 15

“A comparability study was originally performed more than five years ago with reasonable increases in compensation as reviewed and approved by the board executive committee. The board executive committee reviews the ceo's performance and recommends compensation adjustments based on the outcome.”

Form 990, Part VI, Section C, Line 19

“Governing documents, etc, are made available to the public on a case-by-case basis.”

Filing and Contact Details

Filer

Filer Name
PRINCE GEORGE'S FINANCIAL SERVICES
EIN
52-1305988
Phone
3018836900
Address
1801 MCCORMICK DRIVE NO 300, LARGO, MD 20774

Signing Officer

Name
Shelly Gross-wade
Title
President and CEO
Phone
3018836900
Signed
2017-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shelly Gross-wade
Formed
1978
Legal Domicile
Md
Voting Board Members
15
Independent Board Members
15
Employees
10
Volunteers
30

Preparer

Firm
Cliftonlarsonallen Llp
Address
11710 BELTSVILLE DRIVE SUITE 300, CALVERTON, MD 20705
Preparer
Patricia L Katebini CPA
Phone
3019312050
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Final draft of the 990 form is sent electronically via email to the board finance committee, with recommendation for approval by the full board. They are asked to review and comment within 5 business days. If no change requests are submitted by that deadline, the return is filed. If changes are requested and agreed to, such changes are made and the return is filed.”

Raw XML AppendixShowing 400 of 587 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/BOYAmt071221
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0195614
IRS990/AccountsReceivableGrp/BOYAmt059693
IRS990/AccountsReceivableGrp/EOYAmt051394
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PROVIDE NON-TRADITIONAL FUNDING SOURCES TO UNDERSERVED MARKETS.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0818
IRS990/AdvertisingGrp/ProgramServicesAmt015904
IRS990/AdvertisingGrp/TotalAmt016722
IRS990/AllOtherContributionsAmt027500
IRS990/AllOtherExpensesGrp/FundraisingAmt018925
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt01458
IRS990/AllOtherExpensesGrp/ProgramServicesAmt06073
IRS990/AllOtherExpensesGrp/TotalAmt026456
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0SHELLY GROSS-WADE
IRS990/BooksInCareOfDetail/PhoneNum03018836900
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01801 MCCORMICK DRIVE STE 300
IRS990/BooksInCareOfDetail/USAddress/CityNm0LARGO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MD
IRS990/BooksInCareOfDetail/USAddress/ZIPCd020774
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt022095
IRS990/CashNonInterestBearingGrp/EOYAmt0157343
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt030552
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt091657
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt030552
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0152761
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/FundraisingAmt095
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt01407
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt02638
IRS990/ConferencesMeetingsGrp/TotalAmt04140
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0767300
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt01594
IRS990/CYOtherExpensesAmt0353036
IRS990/CYOtherRevenueAmt020853
IRS990/CYProgramServiceRevenueAmt0325741
IRS990/CYRevenuesLessExpensesAmt0-16494
IRS990/CYSalariesCompEmpBnftPaidAmt0778946
IRS990/CYTotalExpensesAmt01131982
IRS990/CYTotalFundraisingExpenseAmt072084
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01115488
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt015670
IRS990/DepreciationDepletionGrp/TotalAmt015670
IRS990/Desc0SBGF:THE ORGANIZATION SERVICES AND ADMINISTERS LOANS UNDER THE PRINCE GEORGE'S COUNTY SMALL BUSINESS GROWTH FUND. THIS IS A REVOLVING LOAN FUND, CAPITALIZED WITH LINES OF CREDIT FROM 12-15 FDIC-INSURED LENDING INSTITUTIONS. THE PROGRAM PROVIDES DIRECT LOANS TO SMALL AND MINORITY BUSINESSES IN PRINCE GEORGE'S COUNTY. THE PROGRAM WAS RECENTLY EXPANDED TO CALVERT, CHARLES, HOWARD AND MONTGOMERY COUNTIES. TYPICALLY, THESE LOANS MUST QUALIFY FOR THE SBA 7(A)/COMMUNITY ADVANTAGE GUARANTEE. THE ORGANIZATION IS A DESIGNATED SBA 7(A) COMMUNITY ADVANTAGE LENDER, WHICH UTILIZES A $4 MILLION REVOLVING LOAN FUND TO MAKE DIRECT LOANS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt010
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0471134
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/FundraisingAmt03079
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt036310
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt058843
IRS990/FeesForServicesAccountingGrp/TotalAmt098232
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt02871
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt032207
IRS990/FeesForServicesLegalGrp/TotalAmt035078
IRS990/FeesForServicesOtherGrp/FundraisingAmt0630
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt03045
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt06826
IRS990/FeesForServicesOtherGrp/TotalAmt010501
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt141.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt151.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1640.00
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/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
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/OtherCompensationAmt1625124
IRS990/Form990PartVIISectionAGrp/PersonNm0JOHN L HUGGINS JR
IRS990/Form990PartVIISectionAGrp/PersonNm1HOWARD W STONE JR
IRS990/Form990PartVIISectionAGrp/PersonNm2JOHN HENRY KING
IRS990/Form990PartVIISectionAGrp/PersonNm3TAMI WATKINS
IRS990/Form990PartVIISectionAGrp/PersonNm4SHERRY WILLS
IRS990/Form990PartVIISectionAGrp/PersonNm5KATHRYN CLAY
IRS990/Form990PartVIISectionAGrp/PersonNm6COURTNEY BILLUPS ESQ
IRS990/Form990PartVIISectionAGrp/PersonNm7PETER SORGE
IRS990/Form990PartVIISectionAGrp/PersonNm8MARIA RANDALL
IRS990/Form990PartVIISectionAGrp/PersonNm9LISA SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm10ROSALIND STYLES
IRS990/Form990PartVIISectionAGrp/PersonNm11LISA ANN THOMPSON-TAYLOR
IRS990/Form990PartVIISectionAGrp/PersonNm12MAURICE WALKER
IRS990/Form990PartVIISectionAGrp/PersonNm13KENNETH WHITE
IRS990/Form990PartVIISectionAGrp/PersonNm14SHARON MOORE JACKSON
IRS990/Form990PartVIISectionAGrp/PersonNm15SHEMAN RAGLAND
IRS990/Form990PartVIISectionAGrp/PersonNm16SHELLY GROSS-WADE
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/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16120384
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/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR/SECRETARY/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIRMAN /DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER/COMMITTEE CHAIR/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6COMMITTEE CHAIR/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16PRESIDENT / CEO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01978
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GovernmentGrantsAmt0739800
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01115488
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt0847
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt04097
IRS990/InformationTechnologyGrp/ProgramServicesAmt09182
IRS990/InformationTechnologyGrp/TotalAmt014126
IRS990/InsuranceGrp/FundraisingAmt0927
IRS990/InsuranceGrp/ManagementAndGeneralAmt04476
IRS990/InsuranceGrp/ProgramServicesAmt010036
IRS990/InsuranceGrp/TotalAmt015439
IRS990/InvestmentIncomeGrp/ExclusionAmt01594
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01594
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0212967
IRS990/LandBldgEquipBasisNetGrp/BOYAmt035324
IRS990/LandBldgEquipBasisNetGrp/EOYAmt019685
IRS990/LandBldgEquipCostOrOtherBssAmt0232652
IRS990/LegalDomicileStateCd0MD
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/ExclusionAmt020853
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt020853
IRS990/MissionDesc0THE ORGANIZATION IS A PRIVATE NONPROFIT CORPORATION DESIGNATED AS A CERTIFIED DEVELOPMENT CORPORATION BY THE US SMALL BUSINESS ADMINISTRATION. THE ORGANIZATION'S PRINCIPAL BUSINESS OBJECTIVE IS TO PROVIDE NON-TRADITIONAL FUNDING SOURCES TO UNDERSERVED MARKETS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01896263
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02728972
IRS990/NetAssetsOrFundBalancesBOYAmt0557987
IRS990/NetAssetsOrFundBalancesEOYAmt0541493
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt03195
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt015443
IRS990/OfficeExpensesGrp/ProgramServicesAmt034613
IRS990/OfficeExpensesGrp/TotalAmt053251
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0839662
IRS990/OtherAssetsTotalGrp/EOYAmt0867400
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01179
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt014142
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt058076
IRS990/OtherEmployeeBenefitsGrp/TotalAmt073397
IRS990/OtherExpensesGrp/Desc0BAD DEBT EXPENSES
IRS990/OtherExpensesGrp/Desc1OUTSIDE UNDERWRITING
IRS990/OtherExpensesGrp/Desc2PAYROLL AND ADMINISTRAT
IRS990/OtherExpensesGrp/Desc3DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/FundraisingAmt0492
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02377
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12169
IRS990/OtherExpensesGrp/ProgramServicesAmt033242
IRS990/OtherExpensesGrp/ProgramServicesAmt116003
IRS990/OtherExpensesGrp/ProgramServicesAmt25328
IRS990/OtherExpensesGrp/ProgramServicesAmt3873
IRS990/OtherExpensesGrp/TotalAmt033242
IRS990/OtherExpensesGrp/TotalAmt116003
IRS990/OtherExpensesGrp/TotalAmt28197
IRS990/OtherExpensesGrp/TotalAmt33042
IRS990/OtherLiabilitiesGrp/BOYAmt0329376
IRS990/OtherLiabilitiesGrp/EOYAmt0286768
IRS990/OtherRevenueTotalAmt020853
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt07431
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0132412
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0328186
IRS990/OtherSalariesAndWagesGrp/TotalAmt0468029
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01744279
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt02548001
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02997
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt014486
IRS990/PayrollTaxesGrp/ProgramServicesAmt032468
IRS990/PayrollTaxesGrp/TotalAmt049951
IRS990/PensionPlanContributionsGrp/FundraisingAmt01559
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt08923
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt024326
IRS990/PensionPlanContributionsGrp/TotalAmt034808
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt06375
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt039485
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt031246
IRS990/PrincipalOfficerNm0SHELLY GROSS-WADE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/BusinessCd1522291
IRS990/ProgramServiceRevenueGrp/BusinessCd2522291
IRS990/ProgramServiceRevenueGrp/Desc0LOAN PROCESSING/SERVIC
IRS990/ProgramServiceRevenueGrp/Desc1LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/Desc2LATE FEES COLLECTED
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0267936
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt146868
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt210937
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0267936
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt146868
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt210937
IRS990/ProgSrvcAccomActy2Grp/Desc0EDI FUND:THE ORGANIZATION PARTNERS WITH THE PRINCE GEORGE'S COUNTY ECONOMIC DEVELOPMENT CORPORATION IN PROVIDING ADMINISTRATIVE AND UNDERWRITING SERVICES FOR THE ECONOMIC DEVELOPMENT INCENTIVE (EDI) FUND RELATED BY PRINCE GEORGE'S COUNTY. THE GOAL OF THE EDI FUND IS TO CREATE JOBS, SUPPORT LOCAL BUSINESSES, AND PROMOTE DEVELOPMENT OPPORTUNITIES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0182431
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0115600
IRS990/ProgSrvcAccomActy3Grp/Desc0SBA 504:THE ORGANIZATION MARKETS, ANALYZE, UNDERWRITE AND SERVICES THE SBA 504 PROGRAM AS AN AGENT OF THE SBA. THE SBA 504 PROGRAM PROVIDES LONG-TERM, BELOW MARKET FIXED-RATE FINANCING FOR THE PURCHASE OR IMPROVEMENTS OF COMMERCIAL REAL ESTATE OR MACHINERY AND EQUIPMENT.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt053720
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt083654
IRS990/ProgSrvcAccomActyOtherGrp/Desc0NON-SBA LOAN PROGRAMS: OTHER LOAN PROGRAMS SERVICED BY THE ORGANIZATION ARE ESTABLISHED BY VARIOUS GOVERNMENTS FOR STATE AND LOCAL ECONOMIC REVITALIZATION. THE ORGNANIZATION ALSO SERVICES AND ADMINISTERS VARIOUS LOAN PROGRAMS FACILITATED BY STATE OR LOCAL GOVERNMENTS WHICH INCLUDE HUD 108 LOANS, CITY OF BOWIE LOAN PROGRAM, AND MARYLAND MICROENTERPRISE LOAN PROGRAM.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0921800
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01572
IRS990/PYOtherExpensesAmt0303505
IRS990/PYOtherRevenueAmt066414
IRS990/PYProgramServiceRevenueAmt0447946
IRS990/PYRevenuesLessExpensesAmt083545
IRS990/PYSalariesCompEmpBnftPaidAmt01050682
IRS990/PYTotalExpensesAmt01354187
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01437732
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-16494
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0126487
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0107934
IRS990/SavingsAndTempCashInvstGrp/EOYAmt077778
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0767300
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0921800
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0817268
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0822861
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0702000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt04031229
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearAmt074040
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus1YearAmt012000
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus2YearsAmt011520
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt097560
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01594
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt02572
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01589
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt02746
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt03338
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt011839
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0314804
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0447946
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0410922
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0501946
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0390440

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
$3,752,847
Liabilities
$3,211,354
Net assets
$541,493
Revenue
$1,115,488
Expenses
$1,131,982
Net income
-$16,494
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$13.5$11.2$2.35$4.99$4.60$0.38
2023Detailed filing. Detailed filing data is available for this year.$8.80$6.83$1.97$3.28$2.92$0.36
2022Detailed filing. Detailed filing data is available for this year.$6.19$4.58$1.61$2.66$2.46$0.21
2021Detailed filing. Detailed filing data is available for this year.$5.73$4.32$1.41$3.75$3.21$0.54
2020Detailed filing. Detailed filing data is available for this year.$5.38$4.51$0.87$1.66$1.68$0.02
2019Detailed filing. Detailed filing data is available for this year.$3.75$2.86$0.89$1.72$1.47$0.25
2018Detailed filing. Detailed filing data is available for this year.$2.77$2.13$0.64$1.38$1.32$0.06
2017Detailed filing. Detailed filing data is available for this year.$3.92$3.34$0.58$1.28$1.24$0.04
2016Detailed filing. Detailed filing data is available for this year.$3.75$3.21$0.54$1.12$1.13$0.02
2015Summary only. Only limited summary data is available for this year.$2.85$2.30$0.56$1.44$1.35$0.08
2014Detailed filing. Detailed filing data is available for this year.$2.17$1.69$0.47$1.23$1.28$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.36$2.84$0.53$1.24
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.6$10.2$0.43$1.24
2011Summary only. Only limited summary data is available for this year.$10.5$10.0$0.52$1.00$1.13$0.14