Civic Intelligence

Tidewater Business Financing Corporation

EIN 54-1239624 • 501(c)6 • Chesapeake, VA

View Organization Page

Profile

To provide sba sec. 504 loans.

501 Independence Parkway 330Chesapeake, VA 23320

www.tidewaterbusinessfinancing.com

Siviq Scores

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

Liabilities / Assets

38th percentile

0.13x

Higher debt load relative to assets than 38% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

41st percentile

0.23x

Higher debt load relative to revenue than 41% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2025

Net Margin

63rd percentile

8.7%

Higher net margin than 63% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

62nd percentile

$329,000

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 11.2% of source-year revenue.

501(c)6 • $5M-$10M nonprofits • Source year 2025

Asset Growth

72nd percentile

11%

Faster asset growth than 72% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

62nd percentile

9.0%

Faster revenue growth than 62% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets38th percentile

Assets

Up

$3,755,978

Up $776,564 (+26%) from 2022

Liabilities

Up

$467,662

Up $278,504 (+147%) from 2022

Net Assets

Up

$3,288,316

Up $498,060 (+18%) from 2022

Operations
Liabilities / Revenue41st percentileNet Margin63rd percentile

Revenue

Up

$2,391,150

Up $595,262 (+33%) from 2022

Expenses

Up

$1,897,942

Up $202,424 (+12%) from 2022

Net Income

Up

$493,208

Up $392,838 (+391%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth72nd percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $2,511,300Liabilities 2011: $275,363Net Assets 2011: $2,235,9372011Assets 2012: $2,854,250Liabilities 2012: $400,572Net Assets 2012: $2,453,6782012Assets 2013: $2,933,799Liabilities 2013: $402,596Net Assets 2013: $2,531,2032013Assets 2014: $3,096,702Liabilities 2014: $411,732Net Assets 2014: $2,684,9702014Assets 2015: $3,010,141Liabilities 2015: $428,592Net Assets 2015: $2,581,5492015Assets 2016: $2,709,459Liabilities 2016: $147,584Net Assets 2016: $2,561,8752016Assets 2017: $2,729,123Liabilities 2017: $164,964Net Assets 2017: $2,564,1592017Assets 2018: $2,512,656Liabilities 2018: $150,531Net Assets 2018: $2,362,1252018Assets 2019: $2,603,995Liabilities 2019: $156,100Net Assets 2019: $2,447,8952019Assets 2020: $2,726,707Liabilities 2020: $124,211Net Assets 2020: $2,602,4962020Assets 2021: $3,189,994Liabilities 2021: $160,538Net Assets 2021: $3,029,4562021Assets 2022: $2,979,414Liabilities 2022: $189,158Net Assets 2022: $2,790,2562022Assets 2023: $3,755,978Liabilities 2023: $467,662Net Assets 2023: $3,288,3162023

Highlighted filing

2023

Assets$3,755,978
Liabilities$467,662
Net Assets$3,288,316
Open 2023 Filing

Operations Trend

Revenue Growth62nd percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $662,9722011Expenses 2012: $710,7972012Expenses 2013: $706,0082013Revenue 2014: $828,886Expenses 2014: $742,874Net Income 2014: $86,0122014Revenue 2015: $803,437Expenses 2015: $777,457Net Income 2015: $25,9802015Revenue 2016: $847,793Expenses 2016: $970,858Net Income 2016: -$123,0652016Revenue 2017: $999,122Expenses 2017: $931,020Net Income 2017: $68,1022017Revenue 2018: $939,175Expenses 2018: $1,073,210Net Income 2018: -$134,0352018Revenue 2019: $1,090,491Expenses 2019: $1,119,692Net Income 2019: -$29,2012019Revenue 2020: $1,297,046Expenses 2020: $1,147,976Net Income 2020: $149,0702020Revenue 2021: $1,683,143Expenses 2021: $1,275,578Net Income 2021: $407,5652021Revenue 2022: $1,795,888Expenses 2022: $1,695,518Net Income 2022: $100,3702022Revenue 2023: $2,391,150Expenses 2023: $1,897,942Net Income 2023: $493,2082023

Highlighted filing

2023

Revenue$2,391,150
Expenses$1,897,942
Net Income$493,208
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Summary only. Only limited summary data is available for this year.

Open filing
Assets
$3,755,978
Liabilities
$467,662
Net assets
$3,288,316
Revenue
$2,391,150
Expenses
$1,897,942
Net income
$493,208
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$3.76$0.47$3.29$2.39$1.90$0.49
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.98$0.19$2.79$1.80$1.70$0.10
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.19$0.16$3.03$1.68$1.28$0.41
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.73$0.12$2.60$1.30$1.15$0.15
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.60$0.16$2.45$1.09$1.12$0.03
2018Summary only. Only limited summary data is available for this year.$2.51$0.15$2.36$0.94$1.07$0.13
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.73$0.16$2.56$1.00$0.93$0.07
2016Detailed filing. Detailed filing data is available for this year.$2.71$0.15$2.56$0.85$0.97$0.12
2015Detailed filing. Detailed filing data is available for this year.$3.01$0.43$2.58$0.80$0.78$0.03
2014Detailed filing. Detailed filing data is available for this year.$3.10$0.41$2.68$0.83$0.74$0.09
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.93$0.40$2.53$0.71
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.85$0.40$2.45$0.71
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.51$0.28$2.24$0.66
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Mar 28, 2023
Return Version
2021v4.2
Gross Receipts
$1,795,888
Mission and Program Overview

Mission

To provide SBA Sec. 504 loans.

To provide small business administration section 504 loans

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$2,179,266$1,842,139▼ $337,127
Cash and Non-Interest-Bearing Accounts$814,709$931,235▲ $116,526
Savings and Temporary Cash Investments$111,328$115,171▲ $3,843
Other Notes and Loans Receivable, Net$66,948$63,085▼ $3,863
Land, Buildings, and Equipment, Net$11,243$21,284▲ $10,041
Prepaid Expenses and Deferred Charges$3,019$3,019→ $0
Total Assets$3,189,994$2,979,414▼ $210,580
Other Assets Total$3,481$3,481→ $0
Liabilities
Accounts Payable and Accrued Expenses$157,754$187,347▲ $29,593
Deferred Revenue$2,784$1,811▼ $973
Total Liabilities$160,538$189,158▲ $28,620
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,029,456$2,790,256▼ $239,200
Total Net Assets Fund Balance$3,029,456$2,790,256▼ $239,200
Total Liabilities and Net Assets / Fund Balance$3,189,994$2,979,414▼ $210,580

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$19,291$39,996$59,287
Other Land Buildings$1,993$13,350$15,343
Other Securities$616,994--
Compensation and Service Providers
Top Officer Pay62nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brent SwansonPresidentFT$195,000$92,500$287,500
Christopher J ToppingBusiness Development OfficerFT$120,000$18,000$138,000
Laura M SawyerUnderwriterFT$111,000$16,650$127,650
Zachary P PetryBusiness Development OfficerFT$110,000$16,500$126,500

Board Members and Trustees

NameTitle
Bruce R JonesDirector
David S JolleyDirector
Florence G KingstonDirector
Tara F SaundersSecretary
Joseph L Barnes JrTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,707,762
Investment Income
$88,126
Other Revenue
$0
Change in Net Assets
$100,370

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,792,426
Revenue Not Reported on Financial Statements
$3,462
Revenue Not Reported on Form 990
$-339,570
Total Revenue per Audited Statements
$1,452,856
Total Revenue per Form 990
$1,795,888
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,300,516
Other Expenses$395,002
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$718,000
Current Officers, Directors, Trustees, and Key Employees---$290,063
Other Employee Benefits---$115,033
Pension Plan Contributions---$108,861
Office Expenses---$90,474
Travel---$72,762
Occupancy---$70,875
Payroll Taxes---$68,559
Fees for Services Other---$31,512
Fees for Services Accounting---$27,271
Insurance---$10,870
All Other Expenses---$9,766
Conferences and Meetings---$7,620
Depreciation Depletion---$6,126
Other Expenses---$6,067
Advertising---$5,876
Fees for Service Investment Mgmnt Fees---$3,462
Fees for Services Legal---$1,508
Total Functional Expenses$0$0$0$1,695,518

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,695,518
Expenses per Audited Statements$1,692,056
Total Expenses per Audited Statements$1,692,056
Expenses Not Reported on Financial Statements$3,462
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“A copy of the form 990 is provided to the treasurer before filing. The form 990 is available to the board, but is not distributed to board members unless requested.”

Form 990, Part VI, Section B, Line 15

“The board of directors reviews and approves the compensation for the executive director and employees of the organization annually.”

Form 990, Part VI, Section C, Line 19

“The organization generally does not make its governing documents, conflict of interest policy and financial statements available to the public; however, it is available upon request.”

Filing and Contact Details

Filer

Filer Name
504 Capital Corporation
EIN
54-1239624
Phone
7576232691
Address
501 INDEPENDENCE PARKWAY 330, CHESAPEAKE, VA 23320

Signing Officer

Name
Brent Swanson
Title
President
Phone
7576232691
Signed
2023-03-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brent Swanson
Formed
1983
Legal Domicile
Va
Voting Board Members
6
Independent Board Members
5
Employees
8
Volunteers
6

Preparer

Firm
Forvis Llp
Address
440 MONTICELLO AVE SUITE 1400, NORFOLK, VA 23510
Preparer
Lakrisha J Castleberry
Phone
7576245100
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“There has been no change to the process”

Financial Statement Notes

PART X, LINE 2:

“The corporation is exempt from income taxes under section 501(c)(6) of the internal revenue code and the statutes of the commonwealth of virginia; accordingly, the accompanying financial statements do not reflect a provision or liability for federal and state income taxes.”

Raw XML Appendix397 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/BOYAmt0157754
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0187347
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE SMALL BUSINESS ADMINISTRATION SECTION 504 LOANS
IRS990/AdvertisingGrp/TotalAmt05876
IRS990/AllOtherExpensesGrp/TotalAmt09766
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0BRENT SWANSON
IRS990/BooksInCareOfDetail/PhoneNum07576232691
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0501 INDEPENDENCE PARKWAY 330
IRS990/BooksInCareOfDetail/USAddress/CityNm0CHESAPEAKE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd023320
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IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0814709
IRS990/CashNonInterestBearingGrp/EOYAmt0931235
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0290063
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/TotalAmt07620
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt088126
IRS990/CYOtherExpensesAmt0395002
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt01707762
IRS990/CYRevenuesLessExpensesAmt0100370
IRS990/CYSalariesCompEmpBnftPaidAmt01300516
IRS990/CYTotalExpensesAmt01695518
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
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IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt02784
IRS990/DeferredRevenueGrp/EOYAmt01811
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt06126
IRS990/Desc0504 CAPITAL CORPORATION HAS PROVIDED PERMANENT BELOW MARKET FINANCING TO SMALL BUSINESSES THROUGH US SBA 504 LOAN PROGRAMS. THESE SMALL BUSINESS OWNERS CONSIST OF MINORITY-OWNED, WOMEN-OWNED, AND VETERAN-OWNED BUSINESSES AND SOME WERE LOCATED IN THE FEDERALLY APPROVED REVITALIZATION AREAS WHO COULD NOT OBTAIN PERMANENT FINANCING WITHOUT ASSISTANCE FROM 504 CAPITAL CORPORATION. 504 CAPITAL CORPORATION OBTAINS DOCUMENTATION FROM THE BORROWER'S PRIMARY LENDER EXPLAINING THAT THEY WILL NOT FINANCE PROPOSED PROJECTS. THE DOCUMENTATION ALSO EXPLAINS THAT FINANCING IS REQUIRED FOR THE SMALL BUSINESS TO MOVE FORWARD. THE ASSISTANCE PROVIDED BY 504 CAPITAL CORPORATION RESULTED IN THE REBUILDING OF NEIGHBORHOODS TARGETED FOR PUBLIC INVESTMENT TO IMPROVE AND UPGRADE ECONOMIC CONDITIONS ON DEPRESSED AREAS. IT ALSO RESULTED IN THE CREATION OF NEW JOBS AND RETENTION OF A SIGNIFICANT NUMBER OF JOBS.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
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IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt08
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt027271
IRS990/FeesForServicesLegalGrp/TotalAmt01508
IRS990/FeesForServicesOtherGrp/TotalAmt031512
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt03462
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt640.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt740.00
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IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt037500
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt816500
IRS990/Form990PartVIISectionAGrp/PersonNm0BRENT SWANSON
IRS990/Form990PartVIISectionAGrp/PersonNm1TARA F SAUNDERS
IRS990/Form990PartVIISectionAGrp/PersonNm2JOSEPH L BARNES JR
IRS990/Form990PartVIISectionAGrp/PersonNm3DAVID S JOLLEY
IRS990/Form990PartVIISectionAGrp/PersonNm4FLORENCE G KINGSTON
IRS990/Form990PartVIISectionAGrp/PersonNm5BRUCE R JONES
IRS990/Form990PartVIISectionAGrp/PersonNm6LAURA M SAWYER
IRS990/Form990PartVIISectionAGrp/PersonNm7CHRISTOPHER J TOPPING
IRS990/Form990PartVIISectionAGrp/PersonNm8ZACHARY P PETRY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0250000
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6UNDERWRITER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BUSINESS DEVELOPMENT OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BUSINESS DEVELOPMENT OFFICER
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IRS990/FSAuditedInd01
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/GroupReturnForAffiliatesInd00
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IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt088126
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt02179266
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt01842139
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt053346
IRS990/LandBldgEquipBasisNetGrp/BOYAmt011243
IRS990/LandBldgEquipBasisNetGrp/EOYAmt021284
IRS990/LandBldgEquipCostOrOtherBssAmt074630
IRS990/LegalDomicileStateCd0VA
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE SBA SEC. 504 LOANS.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/NondeductibleContributionsInd00
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IRS990/OfficeExpensesGrp/TotalAmt090474
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03481
IRS990/OtherAssetsTotalGrp/EOYAmt03481
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0115033
IRS990/OtherExpensesGrp/Desc0DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc1AUTO EXPENSES
IRS990/OtherExpensesGrp/Desc2REPAIRS
IRS990/OtherExpensesGrp/Desc3TAXES & LICENSES
IRS990/OtherExpensesGrp/TotalAmt023468
IRS990/OtherExpensesGrp/TotalAmt114578
IRS990/OtherExpensesGrp/TotalAmt212767
IRS990/OtherExpensesGrp/TotalAmt36067
IRS990/OtherSalariesAndWagesGrp/TotalAmt0718000
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt066948
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt063085
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/TotalAmt068559
IRS990/PensionPlanContributionsGrp/TotalAmt0108861
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03019
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03019
IRS990/PrincipalOfficerNm0BRENT SWANSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0525990
IRS990/ProgramServiceRevenueGrp/Desc0BUSINESS LOAN SERVICIN
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01707762
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01707762
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt074666
IRS990/PYOtherExpensesAmt0285812
IRS990/PYOtherRevenueAmt015
IRS990/PYProgramServiceRevenueAmt01608462
IRS990/PYRevenuesLessExpensesAmt0407565
IRS990/PYSalariesCompEmpBnftPaidAmt0989766
IRS990/PYTotalExpensesAmt01275578
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01683143
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0100370
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0111328
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0115171
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt019291
IRS990ScheduleD/EquipmentGrp/DepreciationAmt039996
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt059287
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt03462
IRS990ScheduleD/ExpensesSubtotalAmt01692056
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt03462
IRS990ScheduleD/InvestmentExpensesNotIncldAmt03462
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-339570
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01993
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt013350
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt015343
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0654700
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1303998
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2266447
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt3616994
IRS990ScheduleD/OtherSecuritiesGrp/Desc0CORPORATE BONDS AND NOTES
IRS990ScheduleD/OtherSecuritiesGrp/Desc1MUTUAL FUNDS/EFTS
IRS990ScheduleD/OtherSecuritiesGrp/Desc2EQUITIES
IRS990ScheduleD/OtherSecuritiesGrp/Desc3EXCHANGE TRADED FUNDS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3F
IRS990ScheduleD/RevenueNotReportedAmt0-339570
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt03462
IRS990ScheduleD/RevenueSubtotalAmt01792426
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE AND THE STATUTES OF THE COMMONWEALTH OF VIRGINIA; ACCORDINGLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL AND STATE INCOME TAXES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt021284
IRS990ScheduleD/TotalBookValueSecuritiesAmt01842139
IRS990ScheduleD/TotalExpensesPerForm990Amt01695518
IRS990ScheduleD/TotalRevenuePerForm990Amt01795888
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01452856
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01692056
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0195000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount055000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt037500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0BRENT SWANSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0287500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE COMPENSATION FOR THE EXECUTIVE DIRECTOR AND EMPLOYEES OF THE ORGANIZATION ANNUALLY.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE FORM 990 IS PROVIDED TO THE TREASURER BEFORE FILING. THE FORM 990 IS AVAILABLE TO THE BOARD, BUT IS NOT DISTRIBUTED TO BOARD MEMBERS UNLESS REQUESTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE COMPENSATION FOR THE EXECUTIVE DIRECTOR AND EMPLOYEES OF THE ORGANIZATION ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION GENERALLY DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC; HOWEVER, IT IS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THERE HAS BEEN NO CHANGE TO THE PROCESS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0VA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03189994
IRS990/TotalAssetsEOYAmt02979414
IRS990/TotalAssetsGrp/BOYAmt03189994
IRS990/TotalAssetsGrp/EOYAmt02979414
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/TotalAmt01695518
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0160538
IRS990/TotalLiabilitiesEOYAmt0189158
IRS990/TotalLiabilitiesGrp/BOYAmt0160538
IRS990/TotalLiabilitiesGrp/EOYAmt0189158
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03029456
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02790256
IRS990/TotalOtherCompensationAmt088650
IRS990/TotalProgramServiceRevenueAmt01707762
IRS990/TotalReportableCompFromOrgAmt0591000
IRS990/TotalRevenueGrp/ExclusionAmt088126
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01707762
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01795888
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03189994
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02979414
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt072762
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0501 INDEPENDENCE PARKWAY 330
IRS990/USAddress/CityNm0CHESAPEAKE
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd023320
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.504CAPITAL.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BRENT SWANSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07576232691
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-03-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0504 CAPITAL CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0TIDE
ReturnHeader/Filer/EIN0541239624
ReturnHeader/Filer/PhoneNum07576232691
ReturnHeader/Filer/USAddress/AddressLine1Txt0501 INDEPENDENCE PARKWAY 330
ReturnHeader/Filer/USAddress/CityNm0CHESAPEAKE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd023320
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0440160260
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FORVIS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0440 MONTICELLO AVE SUITE 1400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NORFOLK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd023510
ReturnHeader/PreparerPersonGrp/PhoneNum07576245100
ReturnHeader/PreparerPersonGrp/PreparationDt02023-03-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LAKRISHA J CASTLEBERRY
ReturnHeader/ReturnTs02023-03-29T08:55:40-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0BRENT
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SWANSON
ReturnHeader/TaxPeriodBeginDt02021-10-01
ReturnHeader/TaxPeriodEndDt02022-09-30
ReturnHeader/TaxYr02021

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