Liabilities / Assets
40th percentile
Higher debt load relative to assets than 40% of similar nonprofits.
990 • Fiscal year 2022 • EIN 56-1872877
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
40th percentile
Higher debt load relative to assets than 40% of similar nonprofits.
Liabilities / Revenue
42nd percentile
Higher debt load relative to revenue than 42% of similar nonprofits.
Net Margin
94th percentile
Higher net margin than 94% of similar nonprofits.
Top Officer Pay
33rd percentile
Higher top officer pay than 33% of similar nonprofits.
Top officer pay equals 3.5% of source-year revenue.
Asset Growth
92nd percentile
Faster asset growth than 92% of similar nonprofits.
Revenue Growth
89th percentile
Faster revenue growth than 89% of similar nonprofits.
Assets
Up$5,820,535
Up $2,194,153 (+61%) from 2021
Net Assets
Up$5,110,118
Up $2,344,468 (+85%) from 2021
Liabilities
Down$710,417
Down $150,315 (-17%) from 2021
Revenue
Up$3,154,236
Up $1,315,189 (+72%) from 2021
Expenses
Up$759,769
Up $1,772 (+0.2%) from 2021
Net Income
Up$2,394,467
Up $1,313,417 (+121%) from 2021
To generate economic growth, encourage small business development, create jobs, and revitalize neighborhoods by providing loans and financial services to underserved businesses
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Pledges and Grants Receivable | $1,185,000 | $3,240,000 | ▲ $2,055,000 |
| Cash and Non-Interest-Bearing Accounts | $1,161,083 | $1,457,605 | ▲ $296,522 |
| Other Notes and Loans Receivable, Net | $1,144,528 | $985,016 | ▼ $159,512 |
| Savings and Temporary Cash Investments | $104,236 | $104,247 | ▲ $11 |
| Accounts Receivable | $26,901 | $26,901 | → $0 |
| Land, Buildings, and Equipment, Net | $2,839 | $4,971 | ▲ $2,132 |
| Prepaid Expenses and Deferred Charges | $1,399 | $1,399 | → $0 |
| Total Assets | $3,626,382 | $5,820,535 | ▲ $2,194,153 |
| Other Assets Total | $396 | $396 | → $0 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $860,732 | $710,417 | ▼ $150,315 |
| Total Liabilities | $860,732 | $710,417 | ▼ $150,315 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $1,074,928 | $3,802,858 | ▲ $2,727,930 |
| Net Assets With Donor Restrictions | $1,690,722 | $1,307,260 | ▼ $383,462 |
| Total Net Assets Fund Balance | $2,765,650 | $5,110,118 | ▲ $2,344,468 |
| Total Liabilities and Net Assets / Fund Balance | $3,626,382 | $5,820,535 | ▲ $2,194,153 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $4,971 | $12,319 | - |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| George Jones Jr | Executive Director | FT | $97,580 | $11,345 | $108,925 |
| Name | Title |
|---|---|
| Karl Robinson | Chairman |
| Scott Baker | Vice Chairman |
| Kim Cameron | Director |
| Lora Cubbage | Director |
| Melanie Tuttle | Director |
| Michael Schiftan | Director |
| Eresterine Guidry | Secretary |
| Rudolph H Clark | Treasurer |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $381,525 |
| Other Expenses | $367,916 |
| Grants and Similar Amounts Paid | $10,328 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $169,492 | $18,471 | - | $187,963 |
| Fees for Services Other | $29,482 | $128,066 | - | $157,548 |
| Current Officers, Directors, Trustees, and Key Employees | $103,883 | $43,099 | - | $146,982 |
| Office Expenses | $142 | $55,405 | - | $55,547 |
| Payroll Taxes | $20,656 | $4,652 | - | $25,308 |
| Occupancy | $19,086 | $4,254 | - | $23,340 |
| Other Employee Benefits | $17,362 | $3,910 | - | $21,272 |
| Fees for Services Accounting | - | $16,950 | - | $16,950 |
| Advertising | - | $15,307 | - | $15,307 |
| All Other Expenses | - | $10,980 | - | $10,980 |
| Grants to Domestic Orgs | $10,328 | - | - | $10,328 |
| Travel | $9,607 | - | - | $9,607 |
| Conferences and Meetings | - | $5,836 | - | $5,836 |
| Other Expenses | $40,000 | $5,749 | - | $5,749 |
| Interest | - | $4,876 | - | $4,876 |
| Information Technology | $3,752 | $342 | - | $4,094 |
| Depreciation Depletion | $2,165 | $483 | - | $2,648 |
| Insurance | $65 | $14 | - | $79 |
| Total Functional Expenses | $426,020 | $333,749 | $0 | $759,769 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $759,769 |
| Total Expenses per Audited Statements | $759,769 |
| Total Expenses per Form 990 | $759,769 |
| Expenses Not Reported on Financial Statements | $0 |
| Expenses Not Reported on Form 990 | $0 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Guilford Merchants Association | Greensboro, NC | - | local area loans | $7,357 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“Executive Director and Exec Committee of BOD reviews Form 990”
“Ad-hoc basis, if information becomes available”
“Documents are available on request”
“Contract services: Program service expenses 29,482. Management and general expenses 128,066. Fundraising expenses 0. Total expenses 157,548.”
“Rounding 1.”
“Income from certain activities not directly related to the Organization's tax-exempt purposes may be subject to taxation as unrelated business income. Management has evaluated all other tax positions that could have a significant effect on the financial statements and determined that the Organization had no uncertain income tax positions at December 31, 2022.”
“Other Income”
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 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 860732 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 710417 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 26901 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 26901 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | TO GENERATE ECONOMIC GROWTH, ENCOURAGE SMALL BUSINESS DEVELOPMENT, CREATE JOBS, AND REVITALIZE NEIGHBORHOODS BY PROVIDING LOANS AND FINANCIAL SERVICES TO UNDERSERVED BUSINESSES |
| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 15307 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 15307 |
| IRS990/AllOtherContributionsAmt | 0 | 3137500 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 10980 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 10980 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 0 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | Michael McKinney |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 3366817220 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1451 S ELM-EUGENE ST STE 2125 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | GREENSBORO |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NC |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 27406 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 1161083 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 1457605 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 43099 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 103883 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 146982 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 0 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt | 0 | 5836 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 5836 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 3137500 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 10328 |
| IRS990/CYInvestmentIncomeAmt | 0 | 0 |
| IRS990/CYOtherExpensesAmt | 0 | 367916 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 16736 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 2394467 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 381525 |
| IRS990/CYTotalExpensesAmt | 0 | 759769 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 3154236 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 483 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 2165 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 2648 |
| IRS990/Desc | 0 | Piedmont Business Capital ("PBC") has many services under its main lending program. PBC provided loans to Minority and Women owned businesses throughout the Piedmont region with the majority of loans received by borrowers living in Guilford and Forsythe counties of North Carolina. PBC issued 5 loans to businesses in 2022. In addition to business lending, PBC proviced technical assistance to members of the community, who may or may not be borrowers. Our assistance programs provide guidance to business owners to improve operation of their business. 5 businesses received technical assistance during 2022. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 0 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRestrictionNetAssetsGrp/BOYAmt | 0 | 1690722 |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 1307260 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 7 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 426020 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 16950 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 16950 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 128066 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 29482 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 157548 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 4.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 3.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 4.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 4.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | 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 | 11345 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | Karl Robinson |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | Scott Baker |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | Eresterine Guidry |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | Melanie Tuttle |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | Michael Schiftan |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | Kim Cameron |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | Lora Cubbage |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | Rudolph H Clark |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | George Jones Jr |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| 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 | 97580 |
| 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/TitleTxt | 0 | Chairman |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | Vice Chairman |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | Secretary |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | Treasurer |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | Executive Director |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1993 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 9 |
| IRS990/GrantAmt | 0 | 10328 |
| IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt | 0 | 10328 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 10328 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 1 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 3154236 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 8 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIXInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIInd | 0 | X |
| IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt | 0 | 342 |
| IRS990/InformationTechnologyGrp/ProgramServicesAmt | 0 | 3752 |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 4094 |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 14 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 65 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 79 |
| IRS990/InterestGrp/ManagementAndGeneralAmt | 0 | 4876 |
| IRS990/InterestGrp/TotalAmt | 0 | 4876 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 6 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 12319 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 2839 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 4971 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 17290 |
| IRS990/LegalDomicileStateCd | 0 | NC |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | TO GENERATE ECONOMIC GROWTH, ENCOURAGE SMALL BUSINESS DEVELOPMENT, CREATE JOBS, AND REVITALIZE NEIGHBORHOODS BY PROVIDING LOANS AND FINANCIAL SERVICES TO UNDERSERVED BUSINESSES |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 2765650 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 5110118 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 1074928 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 3802858 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 4254 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 19086 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 23340 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 55405 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 142 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 55547 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 396 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 396 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 1 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 3910 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 17362 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 21272 |
| IRS990/OtherExpensesGrp/Desc | 0 | Loan Loss Adjustment |
| IRS990/OtherExpensesGrp/Desc | 1 | Miscellaneous |
| IRS990/OtherExpensesGrp/Desc | 2 | Registration |
| IRS990/OtherExpensesGrp/Desc | 3 | Rental & Maintenance |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 8009 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 7346 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 5749 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 40000 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 40000 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 8009 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 7346 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 5749 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 18471 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 169492 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 187963 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 1144528 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 985016 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 4652 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 20656 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 25308 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 1185000 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 3240000 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 1399 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 1399 |
| IRS990/PrincipalOfficerNm | 0 | Michael McKinney |
| IRS990/PriorPeriodAdjustmentsAmt | 0 | -50000 |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 900099 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 900099 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | Loan Interest |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | Other Income |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 16536 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 200 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 16536 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 200 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 1758257 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 76571 |
| IRS990/PYInvestmentIncomeAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | 450303 |
| IRS990/PYOtherRevenueAmt | 0 | 3600 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 77190 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 1081050 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 231123 |
| IRS990/PYTotalExpensesAmt | 0 | 757997 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 1839047 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 2394467 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 1 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 16736 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 104236 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 104247 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 3137500 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 1758257 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 1338433 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 712260 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 400485 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 7346935 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 7346935 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 3137500 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 1758257 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 1338433 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 712260 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 400485 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 7346935 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 3137500 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 1758257 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 1338433 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 712260 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 400485 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 7346935 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 4971 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 12319 |
| IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt | 0 | 17290 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 759769 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 3154236 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | Income from certain activities not directly related to the Organization's tax-exempt purposes may be subject to taxation as unrelated business income. Management has evaluated all other tax positions that could have a significant effect on the financial statements and determined that the Organization had no uncertain income tax positions at December 31, 2022. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | Other Income |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Part X, Line 2: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Part XI, Line 4b - Other Adjustments: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 4971 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 759769 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 3154236 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 3154236 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 759769 |
| IRS990ScheduleI/GrantRecordsMaintainedInd | 0 | 0 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 0 | 7357 |
| IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt | 0 | 0 |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 0 | local area loans |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 0 | Guilford Merchants Association |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 0 | 225 Commerce Pl |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 0 | Greensboro |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 0 | NC |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 0 | 27401 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Executive Director and Exec Committee of BOD 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 | Contract services: Program service expenses 29,482. Management and general expenses 128,066. Fundraising expenses 0. Total expenses 157,548. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Rounding 1. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part VI, Section B, line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Section B, line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Section C, line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part IX, line 11g |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990, Part XI, line 9: |
| IRS990ScheduleR/AssetExchangeInd | 0 | 0 |
| IRS990ScheduleR/AssetPurchaseFromOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/AssetSaleToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/DivRelatedOrganizationInd | 0 | 0 |
| IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd | 0 | 0 |
| IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd | 0 | 0 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd | 0 | 0 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt | 0 | No |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt | 0 | Greensboro Area Chanber of Commerce |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt | 0 | 501(c)(6) |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd | 0 | NC |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt | 0 | BUSINESS DEVELOPMENT |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt | 0 | 342 NORTH ELM STREET |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm | 0 | GREENSBORO |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd | 0 | NC |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd | 0 | 27401 |
| IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd | 0 | 0 |
| IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/PaidEmployeesSharingInd | 0 | 0 |
| IRS990ScheduleR/PerformOfServicesByOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/PerformOfServicesForOthOrgInd | 0 | 0 |
| IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd | 0 | 0 |
| IRS990ScheduleR/ReimbursementPaidByOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/ReimbursementPaidToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd | 0 | 0 |
| IRS990ScheduleR/RentalOfFcltsFromOthOrgInd | 0 | 0 |
| IRS990ScheduleR/SharingOfFacilitiesInd | 0 | 0 |
| IRS990ScheduleR/TransferFromOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/TransferToOtherOrgInd | 0 | 0 |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | 0 |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
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Displayed year
2022 • Form 990Detailed filing. Detailed filing data is available for this year.
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