Liabilities / Assets
63rd percentile
Higher debt load relative to assets than 63% of similar nonprofits.
EIN 56-1872877 • 501(c)3 • Greensboro, NC
Profile
To promote community development and social welfare by providing business loan programs to minority and female owned businesses in the form of loans, subordinated debt and equity investments.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
63rd percentile
Higher debt load relative to assets than 63% of similar nonprofits.
Liabilities / Revenue
88th percentile
Higher debt load relative to revenue than 88% of similar nonprofits.
Net Margin
3rd percentile
Higher net margin than 3% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
5th percentile
Faster asset growth than 5% of similar nonprofits.
Revenue Growth
1st percentile
Faster revenue growth than 1% of similar nonprofits.
Assets
Down$2,776,686
Down $1,692,571 (-38%) from 2023
Liabilities
Up$450,557
Up $186,729 (+71%) from 2023
Net Assets
Down$2,326,129
Down $1,879,300 (-45%) from 2023
Revenue
Down$446,116
Down $1,950,001 (-81%) from 2023
Expenses
Up$1,042,664
Up $257,783 (+33%) from 2023
Net Income
Down-$596,548
Down $2,207,784 (-137%) from 2023
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
To generate economic growth, encourage small business development, create jobs, and revitalize neighborhoods by providing loans and financial services to underserved businesses
To generate economic growth, encourage small business development, create jobs, and revitalize neighborhoods by providing loans and financial services to underserved business
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $2,186,022 | $2,006,943 | ▼ $179,079 |
| Pledges and Grants Receivable | $1,535,000 | - | - |
| Other Notes and Loans Receivable, Net | $711,945 | $763,416 | ▲ $51,471 |
| Accounts Receivable | $26,901 | - | - |
| Land, Buildings, and Equipment, Net | $5,844 | $4,181 | ▼ $1,663 |
| Prepaid Expenses and Deferred Charges | $1,399 | - | - |
| Total Assets | $4,469,257 | $2,776,686 | ▼ $1,692,571 |
| Other Assets Total | $2,146 | $2,146 | → $0 |
| Liabilities | |||
| Grants Payable | - | $446,581 | - |
| Accounts Payable and Accrued Expenses | $263,828 | $3,976 | ▼ $259,852 |
| Total Liabilities | $263,828 | $450,557 | ▲ $186,729 |
| Net Assets / Fund Balance | |||
| Net Assets With Donor Restrictions | $2,439,667 | - | - |
| Net Assets Without Donor Restrictions | $1,765,762 | $2,326,129 | ▲ $560,367 |
| Total Net Assets Fund Balance | $4,205,429 | $2,326,129 | ▼ $1,879,300 |
| Total Liabilities and Net Assets / Fund Balance | $4,469,257 | $2,776,686 | ▼ $1,692,571 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $4,181 | $14,713 | - |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Michael McKinney | Executive Director CEO | FT | $132,440 | $132,440 |
| Name | Title |
|---|---|
| Karl Robinson | Chairman |
| Erestine Guidry | Vice Chairman |
| Carlvena Foster | Board Member |
| David Lane | Board Member |
| Larry Davis | Board Member |
| Mitch Gibson | Board Member |
| Reginald McCaskill | Board Member |
| Taiwo Jaiyeoba | Board Member |
| Cathy Knowles | Secretary |
| Jose Sandoval | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $603,201 |
| Salaries, Compensation, and Employee Benefits | $439,463 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| All Other Expenses | $6,549 | $430,478 | - | $437,027 |
| Current Officers, Directors, Trustees, and Key Employees | - | $321,152 | - | $321,152 |
| Pension Plan Contributions | - | $60,606 | - | $60,606 |
| Other Employee Benefits | - | $29,490 | - | $29,490 |
| Payroll Taxes | - | $28,215 | - | $28,215 |
| Occupancy | $18,297 | $2,033 | - | $20,330 |
| Travel | - | $13,342 | - | $13,342 |
| Other Expenses | $4,011 | $6,417 | - | $6,417 |
| Interest | - | $3,000 | - | $3,000 |
| Depreciation Depletion | $1,496 | $167 | - | $1,663 |
| Insurance | - | $688 | - | $688 |
| Total Functional Expenses | $30,353 | $1,012,311 | $0 | $1,042,664 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $1,042,664 |
| Total Expenses per Audited Statements | $1,042,664 |
| Total Expenses per Form 990 | $1,042,664 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“Executive Director and Exec Commitee reviews Form 990”
“Ad-hoc basis, if information becomes available”
“Documents are available on request”
“In 2023, the Organization was awarded a $2,500,000 grant from the City of Greensboro, N.C. Under the terms of the agreement, $500,000 was designated for operating activities and recognized as revenue, while the remaining $2,000,000 was designated for loan disbursements and is to be recorded as a refundable advance until the funds are used for the disbursements of loans. Of the total award, $1,000,000 was advanced in 2023, with the remaining balance is scheduled to be disbursed in $500,000 increments. In 2023, the Organization disbursed $162,000 as loans. For the year ended December 31, 2024, the Organization was advanced an additional $500,000. Loan disbursements during 2024 totaled $555,249, which were recognized as grant revenue in accordance with the grant agreement. At December 31, 2024, the refundable advance liability was $282,752, representing funds received but not yet disbursed for lending purposes. In addition, $1,000,000 of the grant remains available for future advances”
“Program Services: Bad Debt $91228 Small Equipment $68 Rentals $190 Management & General: Registration $7531 Bank Charges $3557 Meals $5371 Shipping $206”
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/AccountantCompileOrReviewInd | 0 | false |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 263828 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 3976 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 26901 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | To generate economic growth, encourage small business development, create jobs, and revitalize neighborhoods by providing loans and financial services to underserved business |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 430478 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 6549 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 437027 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/AuditCommitteeInd | 0 | true |
| IRS990/BackupWthldComplianceInd | 0 | true |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | Michael McKinney |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 3362569350 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1451 South Elm Eugene St Ste 2101 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | Greensboro |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NC |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 27401 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | false |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 2186022 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 2006943 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 321152 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 321152 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | false |
| IRS990/CompensationProcessOtherInd | 0 | false |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 316750 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 128803 |
| IRS990/CYOtherExpensesAmt | 0 | 603201 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 563 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -596548 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 439463 |
| IRS990/CYTotalExpensesAmt | 0 | 1042664 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 446116 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 167 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 1496 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 1663 |
| IRS990/Desc | 0 | Piedmont Business Capital PBC has many services under its main lending program. PBC provided loans to minority and women owned business throughout the Piedmont region with the mayority of loans received by borrowers living in Guilford and Forsyth counties in North Carolina. PBC issued several loans to business in 2024. In addition to business lending, PBC provided technical assistance to members of the community, who may or may not be borrowers. PBC assistance programs provide guidance to business owners to improve operations of theirs business. |
| IRS990/DescribedInSection501c3Ind | 0 | true |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | true |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/DonorRestrictionNetAssetsGrp/BOYAmt | 0 | 2439667 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 9 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 30353 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form1098CFiledInd | 0 | false |
| IRS990/Form8282PropertyDisposedOfInd | 0 | false |
| IRS990/Form8899Filedind | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 0 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 1 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 2 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 3 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 4 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 5 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 6 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 7 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 8 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 9 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 10 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 9 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 10 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | Michael McKinney |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | Karl Robinson |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | Erestine Guidry |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | Reginald McCaskill |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | Taiwo Jaiyeoba |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | Cathy Knowles |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | Carlvena Foster |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | Jose Sandoval |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | Mitch Gibson |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | David Lane |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | Larry Davis |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 132440 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | Executive Director CEO |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | Chairman |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | Vice Chairman |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | Secretary |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | Treasurer |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | Board Member |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/FormationYr | 0 | 1993 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | true |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 11 |
| IRS990/GovernmentGrantsAmt | 0 | 316750 |
| IRS990/GrantsPayableGrp/EOYAmt | 0 | 446581 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 446116 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IndependentAuditFinclStmtInd | 0 | true |
| IRS990/IndependentVotingMemberCnt | 0 | 11 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartIXInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIInd | 0 | X |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 688 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 688 |
| IRS990/InterestGrp/ManagementAndGeneralAmt | 0 | 3000 |
| IRS990/InterestGrp/TotalAmt | 0 | 3000 |
| IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt | 0 | 128803 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 128803 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/IRPDocumentCnt | 0 | 2 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 14713 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 5844 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 4181 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 18894 |
| IRS990/LegalDomicileStateCd | 0 | NC |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LobbyingActivitiesInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | To generate economic growth, encourage small business development, create jobs, and revitalize neighborhoods by providing loans and financial services to underserved business |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 4205429 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 2326129 |
| IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 1765762 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 2326129 |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 2033 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 18297 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 20330 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 2146 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 2146 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 555248 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 29490 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 29490 |
| IRS990/OtherExpensesGrp/Desc | 0 | Telephone |
| IRS990/OtherExpensesGrp/Desc | 1 | Supplies |
| IRS990/OtherExpensesGrp/Desc | 2 | Contract Services |
| IRS990/OtherExpensesGrp/Desc | 3 | Dues & Subscriptions |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 446 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 95304 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 20973 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 3 | 6417 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 4011 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 4457 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 95304 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 20973 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 6417 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 711945 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 763416 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | false |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 28215 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 28215 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 60606 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 60606 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 1535000 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 1399 |
| IRS990/PrincipalOfficerNm | 0 | Michael McKinney |
| IRS990/PriorPeriodAdjustmentsAmt | 0 | -1838000 |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 812900 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | Other Income |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 563 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 563 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYContributionsGrantsAmt | 0 | 2372138 |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYInvestmentIncomeAmt | 0 | 23979 |
| IRS990/PYOtherExpensesAmt | 0 | 383112 |
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| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 401769 |
| IRS990/PYTotalExpensesAmt | 0 | 784881 |
| IRS990/PYTotalRevenueAmt | 0 | 2396117 |
| IRS990/QuidProQuoContributionsInd | 0 | false |
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| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | false |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 316750 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 2372138 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 637500 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 1758247 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 1338433 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 6423068 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.00000 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 1.00000 |
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| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt | 0 | 0 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt | 0 | 0 |
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| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
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| IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt | 0 | 18894 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 1042664 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 446116 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 4181 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 1042664 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 446116 |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Executive Director and Exec Commitee reviews Form 990 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Ad-hoc basis, if information becomes available |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Documents are available on request |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | In 2023, the Organization was awarded a $2,500,000 grant from the City of Greensboro, N.C. Under the terms of the agreement, $500,000 was designated for operating activities and recognized as revenue, while the remaining $2,000,000 was designated for loan disbursements and is to be recorded as a refundable advance until the funds are used for the disbursements of loans. Of the total award, $1,000,000 was advanced in 2023, with the remaining balance is scheduled to be disbursed in $500,000 increments. In 2023, the Organization disbursed $162,000 as loans. For the year ended December 31, 2024, the Organization was advanced an additional $500,000. Loan disbursements during 2024 totaled $555,249, which were recognized as grant revenue in accordance with the grant agreement. At December 31, 2024, the refundable advance liability was $282,752, representing funds received but not yet disbursed for lending purposes. In addition, $1,000,000 of the grant remains available for future advances |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Program Services: Bad Debt $91228 Small Equipment $68 Rentals $190 Management & General: Registration $7531 Bank Charges $3557 Meals $5371 Shipping $206 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990 governing body review Part VI line 11 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Conflict of interest policy compliance Part VI line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Governing documents etc available to public Part VI line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Explanation of other changes in net assets or fund balances Part XI line 9 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | List of other expenses Part IX line 24e |
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| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt | 0 | 342 North Elm St |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm | 0 | Greensboro |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd | 0 | NC |
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| IRS990/TotalAssetsEOYAmt | 0 | 2776686 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 4469257 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 2776686 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
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| IRS990/TotalEmployeeCnt | 0 | 9 |
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