Civic Intelligence

Greensboro Community Development Fund

990 • Fiscal year 2020 • EIN 56-1872877

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

Organization ProfileN/A

View Organization Page

1451 S Elm-eugene St 2125Greensboro, NC 27406

(336) 275-9350

Siviq Scores

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

Liabilities / Assets

70th percentile

0.39x

Higher debt load relative to assets than 70% of similar nonprofits.

2020 filings • NTEE S • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

75th percentile

0.81x

Higher debt load relative to revenue than 75% of similar nonprofits.

2020 filings • NTEE S • $1M-$5M nonprofits • Source year 2020

Net Margin

88th percentile

49%

Higher net margin than 88% of similar nonprofits.

2020 filings • NTEE S • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$101,887

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 7.4% of source-year revenue.

2020 filings • NTEE S • $1M-$5M nonprofits • Source year 2020

Asset Growth

96th percentile

161%

Faster asset growth than 96% of similar nonprofits.

2020 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

89th percentile

87%

Faster revenue growth than 89% of similar nonprofits.

2020 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets70th percentile

Assets

Up

$2,859,898

Up $1,762,957 (+161%) from 2019

Net Assets

Up

$1,744,501

Up $673,741 (+63%) from 2019

Liabilities

Up

$1,115,397

Up $1,089,216 (+4160%) from 2019

Revenue And Expenses
Liabilities / Revenue75th percentileNet Margin88th percentile

Revenue

Up

$1,376,415

Up $639,580 (+87%) from 2019

Expenses

Up

$700,275

Up $225,345 (+47%) from 2019

Net Income

Up

$676,140

Up $414,235 (+158%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$6.0M$4.0M$2.0M$0Assets 2012: $292,577Liabilities 2012: $65,838Net Assets 2012: $226,7392012Assets 2013: $247,959Liabilities 2013: $67,048Net Assets 2013: $180,9112013Assets 2014: $369,728Liabilities 2014: $68,594Net Assets 2014: $301,1342014Assets 2015: $486,609Liabilities 2015: $67,796Net Assets 2015: $418,8132015Assets 2016: $573,966Liabilities 2016: $45,770Net Assets 2016: $528,1962016Assets 2017: $639,529Liabilities 2017: $48,725Net Assets 2017: $590,8042017Assets 2018: $780,056Liabilities 2018: $1,201Net Assets 2018: $778,8552018Assets 2019: $1,096,941Liabilities 2019: $26,181Net Assets 2019: $1,070,7602019Assets 2020: $2,859,898Liabilities 2020: $1,115,397Net Assets 2020: $1,744,5012020Assets 2021: $3,626,382Liabilities 2021: $860,732Net Assets 2021: $2,765,6502021Assets 2022: $5,820,535Liabilities 2022: $710,417Net Assets 2022: $5,110,1182022Assets 2023: $4,469,257Liabilities 2023: $263,828Net Assets 2023: $4,205,4292023Assets 2024: $2,776,686Liabilities 2024: $450,557Net Assets 2024: $2,326,1292024

Highlighted filing

2020

Assets$2,859,898
Liabilities$1,115,397
Net Assets$1,744,501
Open 2020 Filing

Operations Trend

Revenue Growth89th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2012: $230,919Expenses 2012: $32,872Net Income 2012: $198,0472012Revenue 2013: $78,157Expenses 2013: $123,985Net Income 2013: -$45,8282013Revenue 2014: $224,696Expenses 2014: $104,473Net Income 2014: $120,2232014Revenue 2015: $212,373Expenses 2015: $94,694Net Income 2015: $117,6792015Revenue 2016: $219,544Expenses 2016: $110,161Net Income 2016: $109,3832016Revenue 2017: $287,482Expenses 2017: $224,874Net Income 2017: $62,6082017Revenue 2018: $474,671Expenses 2018: $286,620Net Income 2018: $188,0512018Revenue 2019: $736,835Expenses 2019: $474,930Net Income 2019: $261,9052019Revenue 2020: $1,376,415Expenses 2020: $700,275Net Income 2020: $676,1402020Revenue 2021: $1,839,047Expenses 2021: $757,997Net Income 2021: $1,081,0502021Revenue 2022: $3,154,236Expenses 2022: $759,769Net Income 2022: $2,394,4672022Revenue 2023: $2,396,117Expenses 2023: $784,881Net Income 2023: $1,611,2362023Revenue 2024: $446,116Expenses 2024: $1,042,664Net Income 2024: -$596,5482024

Highlighted filing

2020

Revenue$1,376,415
Expenses$700,275
Net Income$676,140
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.0
Gross Receipts
$1,376,415
Mission and Program Overview

Mission

To generate economic growth, encourage small business development, create jobs, and revitalize neighborhoods by providing loans and financial services to underserved businesses

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$582,929$1,328,123▲ $745,194
Other Notes and Loans Receivable, Net$222,646$1,240,167▲ $1,017,521
Pledges and Grants Receivable$235,250$154,500▼ $80,750
Savings and Temporary Cash Investments$19,162$119,198▲ $100,036
Land, Buildings, and Equipment, Net$7,483$5,487▼ $1,996
Prepaid Expenses and Deferred Charges$6,359$1,455▼ $4,904
Accounts Receivable$22,716$1,405▼ $21,311
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,096,941$2,859,898▲ $1,762,957
Other Assets Total$396$9,563▲ $9,167
Liabilities
Accounts Payable and Accrued Expenses$2,188$884,322▲ $882,134
Unsecured Notes Loans Payable$23,993$231,075▲ $207,082
Total Liabilities$26,181$1,115,397▲ $1,089,216
Net Assets / Fund Balance
Net Assets With Donor Restrictions$267,644$927,450▲ $659,806
Net Assets Without Donor Restrictions$803,116$817,051▲ $13,935
Total Net Assets Fund Balance$1,070,760$1,744,501▲ $673,741
Total Liabilities and Net Assets / Fund Balance$1,096,941$2,859,898▲ $1,762,957

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,487$7,023$12,510
Compensation and Service Providers
Top Officer Pay51st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Wilson LesterExecutive DIrectorFT$101,223$664$101,887

Board Members and Trustees

NameTitle
Karl RobinsonChairman
Scott BakerVice President
Kim CameronDirector
Lora CubbageDirector
Melanie TuttleDirector
Michael SchiftanDirector
Eresterine GuidrySecretary
Rudy Clark JrTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,338,433
Program Service Revenue
$36,700
Investment Income
$0
Other Revenue
$1,282
All Other Contributions
$478,433
Change in Net Assets
$676,140

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,376,415
Total Revenue per Audited Statements
$1,376,415
Total Revenue per Form 990
$1,376,415
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$394,247
Salaries, Compensation, and Employee Benefits$258,556
Grants and Similar Amounts Paid$47,472
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$42,571$94,035-$136,606
Fees for Services Other$61,865$46,630-$108,495
Current Officers, Directors, Trustees, and Key Employees$25,472$76,415-$101,887
Conferences and Meetings$79,222$944-$80,166
Office Expenses$27,936$37,292-$65,228
Grants to Domestic Orgs$47,472--$47,472
Fees for Services Accounting$17,709$17,709-$35,418
Payroll Taxes$4,231$14,429-$18,660
Advertising$11,474--$11,474
Occupancy$4,361$4,360-$8,721
Interest$8,650--$8,650
Travel-$4,376-$4,376
Fees for Services Legal-$2,828-$2,828
Insurance-$2,238-$2,238
Depreciation Depletion-$1,996-$1,996
Other Employee Benefits$43$1,360-$1,403
Information Technology-$871-$871
Other Expenses$11,423$567-$567
Total Functional Expenses$384,673$315,602$0$700,275

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$700,275
Total Expenses per Audited Statements$700,275
Total Expenses per Form 990$700,275
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Guilford Technical CCGreensboro, NC--$10,000
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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, Line 11B: Form 990 Review Process

“No review was or will be conducted.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Piedmont Business Capital
EIN
56-1872877
Phone
3362759350
Address
1451 S ELM-EUGENE ST 2125, GREENSBORO, NC 27406

Signing Officer

Name
George Jones Jr
Title
Executive Director
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
George Jones Jr
Legal Domicile
Nc
Voting Board Members
8
Independent Board Members
8
Employees
7

Preparer

Firm
Thomas & Gibbs Cpas Pllc
Address
6114 FAYETTEVILLE RD STE 101, DURHAM, NC 27713
Preparer
Kenneth D Gibbs
Phone
9195440555
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

“Rounding = -$10”

Raw XML AppendixShowing 400 of 508 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt02188
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0884322
IRS990/AccountsReceivableGrp/BOYAmt022716
IRS990/AccountsReceivableGrp/EOYAmt01405
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO GENERATE ECONOMIC GROWTH, ENCOURAGE SMALL BUSINESS DEVELOPMENT, CREATE JOBS, AND REVITALIZE NEIGHBORHOODS BY PROVIDING LOANS AND FINANCIAL SERVICES TO UNDERSERVED BUSINESSES
IRS990/AdvertisingGrp/ProgramServicesAmt011474
IRS990/AdvertisingGrp/TotalAmt011474
IRS990/AllOtherContributionsAmt0478433
IRS990/AllOtherExpensesGrp/TotalAmt00
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0George Jones Jr
IRS990/BooksInCareOfDetail/PhoneNum03362569350
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01451 S ELM-EUGENE ST STE 2125
IRS990/BooksInCareOfDetail/USAddress/CityNm0GREENSBORO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd027406
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0582929
IRS990/CashNonInterestBearingGrp/EOYAmt01328123
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt076415
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt025472
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0101887
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt0944
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt079222
IRS990/ConferencesMeetingsGrp/TotalAmt080166
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01338433
IRS990/CYGrantsAndSimilarPaidAmt047472
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0394247
IRS990/CYOtherRevenueAmt01282
IRS990/CYProgramServiceRevenueAmt036700
IRS990/CYRevenuesLessExpensesAmt0676140
IRS990/CYSalariesCompEmpBnftPaidAmt0258556
IRS990/CYTotalExpensesAmt0700275
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01376415
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt01996
IRS990/DepreciationDepletionGrp/TotalAmt01996
IRS990/Desc0Piedmont Business Capital provided loans to Minority and Women Owned Businesses throughout the Piedmont Region, with the majority of loans received by borrowers living in and around the City of Greensboro in Guilford County, NC. In addition to business lending, Piedmont Business Capital provides technical assistance to members of the community seeking to start or grow their businesses.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt0267644
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt0927450
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt07
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0384673
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt017709
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt017709
IRS990/FeesForServicesAccountingGrp/TotalAmt035418
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt02828
IRS990/FeesForServicesLegalGrp/TotalAmt02828
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt046630
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt061865
IRS990/FeesForServicesOtherGrp/TotalAmt0108495
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt14.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt34.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt43.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt74.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.00
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/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt0664
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/PersonNm0WILSON LESTER
IRS990/Form990PartVIISectionAGrp/PersonNm1Karl Robinson
IRS990/Form990PartVIISectionAGrp/PersonNm2Scott Baker
IRS990/Form990PartVIISectionAGrp/PersonNm3Rudy Clark Jr
IRS990/Form990PartVIISectionAGrp/PersonNm4Eresterine Guidry
IRS990/Form990PartVIISectionAGrp/PersonNm5Melanie Tuttle
IRS990/Form990PartVIISectionAGrp/PersonNm6Michael Schiftan
IRS990/Form990PartVIISectionAGrp/PersonNm7Kim Cameron
IRS990/Form990PartVIISectionAGrp/PersonNm8Lora Cubbage
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0101223
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/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/TitleTxt0Executive DIrector
IRS990/Form990PartVIISectionAGrp/TitleTxt1Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GovernmentGrantsAmt0860000
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt047472
IRS990/GrantsToDomesticOrgsGrp/TotalAmt047472
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01376415
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0871
IRS990/InformationTechnologyGrp/TotalAmt0871
IRS990/InsuranceGrp/ManagementAndGeneralAmt02238
IRS990/InsuranceGrp/TotalAmt02238
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ProgramServicesAmt08650
IRS990/InterestGrp/TotalAmt08650
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt07023
IRS990/LandBldgEquipBasisNetGrp/BOYAmt07483
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05487
IRS990/LandBldgEquipCostOrOtherBssAmt012510
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO GENERATE ECONOMIC GROWTH, ENCOURAGE SMALL BUSINESS DEVELOPMENT, CREATE JOBS, AND REVITALIZE NEIGHBORHOODS BY PROVIDING LOANS AND FINANCIAL SERVICES TO UNDERSERVED BUSINESSES
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01070760
IRS990/NetAssetsOrFundBalancesEOYAmt01744501
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0803116
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0817051
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt04360
IRS990/OccupancyGrp/ProgramServicesAmt04361
IRS990/OccupancyGrp/TotalAmt08721
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt037292
IRS990/OfficeExpensesGrp/ProgramServicesAmt027936
IRS990/OfficeExpensesGrp/TotalAmt065228
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0396
IRS990/OtherAssetsTotalGrp/EOYAmt09563
IRS990/OtherChangesInNetAssetsAmt0-10
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01360
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt043
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01403
IRS990/OtherExpensesGrp/Desc0Loan Loss Adjustment
IRS990/OtherExpensesGrp/Desc1Dues and Subscriptions
IRS990/OtherExpensesGrp/Desc2Miscellaneous
IRS990/OtherExpensesGrp/Desc3Postage and Shipping
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt09552
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1567
IRS990/OtherExpensesGrp/ProgramServicesAmt040050
IRS990/OtherExpensesGrp/ProgramServicesAmt12194
IRS990/OtherExpensesGrp/ProgramServicesAmt211423
IRS990/OtherExpensesGrp/TotalAmt040050
IRS990/OtherExpensesGrp/TotalAmt111746
IRS990/OtherExpensesGrp/TotalAmt211423
IRS990/OtherExpensesGrp/TotalAmt3567
IRS990/OtherRevenueMiscGrp/BusinessCd0522291
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous Income
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01282
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01282
IRS990/OtherRevenueTotalAmt01282
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt094035
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt042571
IRS990/OtherSalariesAndWagesGrp/TotalAmt0136606
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0222646
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01240167
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt014429
IRS990/PayrollTaxesGrp/ProgramServicesAmt04231
IRS990/PayrollTaxesGrp/TotalAmt018660
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0235250
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0154500
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06359
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01455
IRS990/PrincipalOfficerNm0George Jones Jr
IRS990/PriorPeriodAdjustmentsAmt0-2389
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0Loan Interest
IRS990/ProgramServiceRevenueGrp/Desc1Loan service Fee
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt031140
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt15560
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt031140
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt15560
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0712260
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt08297
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0305562
IRS990/PYOtherRevenueAmt0-2800
IRS990/PYProgramServiceRevenueAmt027375
IRS990/PYRevenuesLessExpensesAmt0261905
IRS990/PYSalariesCompEmpBnftPaidAmt0161071
IRS990/PYTotalExpensesAmt0474930
IRS990/PYTotalRevenueAmt0736835
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0676140
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt019162
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0119198
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01338433
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0712260
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0400485
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0263550
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0207350
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02922078
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct00.97200
IRS990ScheduleA/PublicSupportTotal509Amt02922078
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01338433
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0712260
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0400485
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0263550
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0207350
IRS990ScheduleA/Total509Grp/TotalAmt02922078
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01338433
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0712260
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0400485
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0263550
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0207350
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02922078
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt05487
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07023
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt012510
IRS990ScheduleD/ExpensesSubtotalAmt0700275
IRS990ScheduleD/RevenueSubtotalAmt01376415
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05487
IRS990ScheduleD/TotalExpensesPerForm990Amt0700275
IRS990ScheduleD/TotalRevenuePerForm990Amt01376415
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01376415
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0700275
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt010000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Guilford Technical CC
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt03505 Wendover Avenue E
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Greensboro
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd027405
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Rounding = -$10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,859,898
Liabilities
$1,115,397
Net assets
$1,744,501
Revenue
$1,376,415
Expenses
$700,275
Net income
$676,140
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.78$0.45$2.33$0.45$1.04$0.60
2023Summary only. Only limited summary data is available for this year.$4.47$0.26$4.21$2.40$0.78$1.61
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.82$0.71$5.11$3.15$0.76$2.39
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.63$0.86$2.77$1.84$0.76$1.08
2020Detailed filing. Detailed filing data is available for this year.$2.86$1.12$1.74$1.38$0.70$0.68
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.10$0.03$1.07$0.74$0.47$0.26
2018Summary only. Only limited summary data is available for this year.$0.78$0.00$0.78$0.47$0.29$0.19
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.64$0.05$0.59$0.29$0.22$0.06
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.57$0.05$0.53$0.22$0.11$0.11
2015Detailed filing. Detailed filing data is available for this year.$0.49$0.07$0.42$0.21$0.09$0.12
2014Detailed filing. Detailed filing data is available for this year.$0.37$0.07$0.30$0.22$0.10$0.12
2013Detailed filing. Detailed filing data is available for this year.$0.25$0.07$0.18$0.08$0.12$0.05
2012Summary only. Only limited summary data is available for this year.$0.29$0.07$0.23$0.23$0.03$0.20