Civic Intelligence

Brightbridge Inc.

990 • Fiscal year 2024 • EIN 58-1494630

Jul 01, 2023 to Jun 30, 2024 • Filed on Jan 23, 2025

Organization ProfileWWW.BRIGHTBRIDGEINC.ORG

View Organization Page

506 Broad StreetChattanooga, TN 37402

(423) 424-4220

Siviq Scores

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

Liabilities / Assets

89th percentile

0.94x

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

2024 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

97th percentile

14.19x

Higher debt load relative to revenue than 97% of similar nonprofits.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

77th percentile

19%

Higher net margin than 77% of similar nonprofits.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

19th percentile

$255,521

Higher top officer pay than 19% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

76th percentile

14%

Faster asset growth than 76% of similar nonprofits.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

89th percentile

56%

Faster revenue growth than 89% of similar nonprofits.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets89th percentile

Assets

Up

$161,141,804

Up $19,319,522 (+14%) from 2023

Net Assets

Up

$9,621,147

Up $2,070,979 (+27%) from 2023

Liabilities

Up

$151,520,657

Up $17,248,543 (+13%) from 2023

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin77th percentile

Revenue

Up

$10,677,807

Up $3,845,337 (+56%) from 2023

Expenses

Up

$8,606,828

Up $2,913,466 (+51%) from 2023

Net Income

Up

$2,070,979

Up $931,871 (+82%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth76th percentile

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

$200M$150M$100M$50M$0Assets 2011: $8,966,121Liabilities 2011: $3,287,912Net Assets 2011: $5,678,2092011Assets 2012: $8,564,512Liabilities 2012: $5,159,780Net Assets 2012: $3,404,7322012Assets 2013: $8,540,048Liabilities 2013: $4,868,320Net Assets 2013: $3,671,7282013Assets 2014: $8,554,231Liabilities 2014: $4,693,675Net Assets 2014: $3,860,5562014Assets 2015: $8,676,441Liabilities 2015: $4,908,355Net Assets 2015: $3,768,0862015Assets 2016: $7,625,124Liabilities 2016: $4,069,017Net Assets 2016: $3,556,1072016Assets 2017: $8,023,656Liabilities 2017: $4,324,699Net Assets 2017: $3,698,9572017Assets 2018: $9,019,300Liabilities 2018: $5,270,846Net Assets 2018: $3,748,4542018Assets 2019: $21,973,043Liabilities 2019: $18,275,677Net Assets 2019: $3,697,3662019Assets 2020: $51,290,497Liabilities 2020: $46,644,518Net Assets 2020: $4,645,9792020Assets 2021: $72,134,549Liabilities 2021: $66,641,382Net Assets 2021: $5,493,1672021Assets 2022: $120,622,501Liabilities 2022: $114,211,441Net Assets 2022: $6,411,0602022Assets 2023: $141,822,282Liabilities 2023: $134,272,114Net Assets 2023: $7,550,1682023Assets 2024: $161,141,804Liabilities 2024: $151,520,657Net Assets 2024: $9,621,1472024Assets 2025: $162,669,812Liabilities 2025: $150,637,147Net Assets 2025: $12,032,6652025

Highlighted filing

2024

Assets$161,141,804
Liabilities$151,520,657
Net Assets$9,621,147
Open 2024 Filing

Operations Trend

Revenue Growth89th percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2011: $2,207,044Expenses 2011: $2,401,286Net Income 2011: -$194,2422011Revenue 2012: $2,047,454Expenses 2012: $2,020,931Net Income 2012: $26,5232012Revenue 2013: $2,065,009Expenses 2013: $1,798,013Net Income 2013: $266,9962013Revenue 2014: $2,453,082Expenses 2014: $2,263,975Net Income 2014: $189,1072014Revenue 2015: $1,664,998Expenses 2015: $1,757,468Net Income 2015: -$92,4702015Revenue 2016: $1,494,841Expenses 2016: $1,706,820Net Income 2016: -$211,9792016Revenue 2017: $1,914,638Expenses 2017: $1,771,788Net Income 2017: $142,8502017Revenue 2018: $1,970,265Expenses 2018: $1,920,768Net Income 2018: $49,4972018Revenue 2019: $1,612,964Expenses 2019: $1,455,029Net Income 2019: $157,9352019Revenue 2020: $2,806,922Expenses 2020: $1,858,309Net Income 2020: $948,6132020Revenue 2021: $2,989,328Expenses 2021: $2,142,140Net Income 2021: $847,1882021Revenue 2022: $3,473,186Expenses 2022: $2,555,293Net Income 2022: $917,8932022Revenue 2023: $6,832,470Expenses 2023: $5,693,362Net Income 2023: $1,139,1082023Revenue 2024: $10,677,807Expenses 2024: $8,606,828Net Income 2024: $2,070,9792024Revenue 2025: $10,405,323Expenses 2025: $9,379,832Net Income 2025: $1,025,4912025

Highlighted filing

2024

Revenue$10,677,807
Expenses$8,606,828
Net Income$2,070,979
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Jan 23, 2025
Return Version
2023v6.0
Gross Receipts
$10,677,807
Mission and Program Overview

Mission

Promotion and assistance of economic development through business financing and providing technical assistance

501(c)(3) that promotes economic development by providing loans and technical assistance.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$115,973,585$127,156,834▲ $11,183,249
Savings and Temporary Cash Investments$24,097,682$32,337,070▲ $8,239,388
Accounts Receivable$341,765$228,896▼ $112,869
Prepaid Expenses and Deferred Charges$91,691$83,399▼ $8,292
Investments Other Securities$43,877$46,088▲ $2,211
Land, Buildings, and Equipment, Net$27,679$15,255▼ $12,424
Total Assets$141,822,282$161,141,804▲ $19,319,522
Other Assets Total$1,246,003$1,274,262▲ $28,259
Liabilities
Mortgage Notes Payable Secured by Investment Property$132,374,616$149,700,894▲ $17,326,278
Accounts Payable and Accrued Expenses$996,961$1,004,416▲ $7,455
Other Liabilities$900,537$815,347▼ $85,190
Total Liabilities$134,272,114$151,520,657▲ $17,248,543
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,550,168$9,621,147▲ $2,070,979
Total Net Assets Fund Balance$7,550,168$9,621,147▲ $2,070,979
Total Liabilities and Net Assets / Fund Balance$141,822,282$161,141,804▲ $19,319,522

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$15,255$153,147$168,402
Leasehold Improvements$0$47,961$47,961
Compensation and Service Providers
Top Officer Pay19th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bill PollardPresident & CEOFT$235,000$20,521$255,521
Mike MatousekFormer Senior Vice PresidentFT$174,333$20,025$194,358
Monica BlantonSenior Vice PresidentFT$162,925$21,986$184,911
Paige McmurrayCommercial Loan OfficerFT$129,924$26,572$156,496
Caleb HambyCommercial UnderwriterFT$103,183$23,959$127,142
Mike HowardVice-presidentFT$96,482$20,615$117,097
Miguel PartapFormer TreasurerFT$78,973$6,072$85,045
Shosannah WalkerFinancial OfficerFT$19,149$4,112$23,261

Board Members and Trustees

NameTitle
Clem RenfroChairman
Abby GarrisonDirector
Angela ConnerDirector
Bob CantlerDirector
Gary PettyDirector
Jack SampleDirector
Jeff LandDirector
Jim CallihanDirector
Kirk GoehringDirector
Les RoddyDirector
Lindsay FrillingDirector
Michael OwensDirector
Ryan MurphyDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$10,568,148
Investment Income
$105,247
Other Revenue
$4,412
Change in Net Assets
$2,070,979

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,677,807
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$10,677,807
Total Revenue per Form 990
$10,677,807
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,442,944
Salaries, Compensation, and Employee Benefits$2,163,884
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$5,271,906--$5,271,906
Current Officers, Directors, Trustees, and Key Employees$896,231$177,824-$1,074,055
Other Salaries and Wages$626,469$183,236-$809,705
Other Employee Benefits$218,630$61,494-$280,124
Advertising$143,408$14,123-$157,531
Occupancy-$142,023-$142,023
Other Expenses$79,786$8,899-$88,685
Insurance$2,550$54,669-$57,219
Fees for Services Accounting-$40,512-$40,512
Fees for Services Legal$17,299$18,658-$35,957
Travel$19,721$12,897-$32,618
Fees for Services Management$31,281--$31,281
All Other Expenses$15,725$5,154-$20,879
Office Expenses$750$12,134-$12,884
Depreciation Depletion-$12,424-$12,424
Total Functional Expenses$7,831,834$774,994$0$8,606,828

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,606,828
Total Expenses per Audited Statements$8,606,828
Total Expenses per Form 990$8,606,828
Expenses Not Reported on Financial Statements$0
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$763,342
Unearned Revenue$52,005
Governance and Compliance

Governance Checklist

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

“The form 990 is prepared by an independent public accounting firm and submitted to the president and ceo for review and approval. After review and approval, the form 990 is then distributed to all board members before filing.”

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

“All board members sign a directors certification required by sba. This includes a conflict of interest policy. Board members are expected to abstain from voting if there is a conflict of interest.”

Form 990, Part VI, Section B, Line 15

“Compensation of the executive director and key employees are subject to review and approval of the board of directors.”

Form 990, Part VI, Section C, Line 19

“Documents open to public inspection are available at the office upon request.”

Filing and Contact Details

Filer

Filer Name
Brightbridge Inc
EIN
58-1494630
Phone
4234244220
Address
506 BROAD STREET, CHATTANOOGA, TN 37402

Signing Officer

Name
Bill Pollard
Title
CEO
Phone
4234244227
Signed
2025-01-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bill Pollard
Formed
1981
Legal Domicile
Tn
Voting Board Members
14
Independent Board Members
13
Employees
20
Volunteers
13

Preparer

Firm
Mauldin & Jenkins LLC
Address
200 W MLK BLVD STE 1100, CHATTANOOGA, TN 37402-1239
Preparer
Christian Bennett
Phone
4237566133
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“Oversight of our audit, review of our financial statements, and selection of our independent accountants is assumed by the finance committee.”

Financial Statement Notes

PART X, LINE 2:

“The organization accounts for income taxes in accordance with income tax accounting guidance in asc topic 740. The organization follows the statutory requirements for its income tax accounting and generally avoids risks associated with potentially problematic tax positions that may be challenged upon examination. Management believes any liability resulting from taxing authorities imposing additional income taxes from activities deemed to be unrelelated to the organization's non-taxable status would not have a material effect on the organization's consolidated financial statements. With few exceptions, the organization is no longer subject to tax examinations by tax authorities for years before 2020.”

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

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14SENIOR VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt15FORMER TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt16VICE-PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt17FORMER SENIOR VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt18FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt19COMMERCIAL LOAN OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt20COMMERCIAL UNDERWRITER
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IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt010677807
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IRS990/InsuranceGrp/ProgramServicesAmt02550
IRS990/InsuranceGrp/TotalAmt057219
IRS990/InterestGrp/ProgramServicesAmt05271906
IRS990/InterestGrp/TotalAmt05271906
IRS990/InvestmentIncomeGrp/ExclusionAmt0105247
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0105247
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IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt043877
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt046088
IRS990/IRPDocumentCnt021
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0201108
IRS990/LandBldgEquipBasisNetGrp/BOYAmt027679
IRS990/LandBldgEquipBasisNetGrp/EOYAmt015255
IRS990/LandBldgEquipCostOrOtherBssAmt0216363
IRS990/LegalDomicileStateCd0TN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROMOTION AND ASSISTANCE OF ECONOMIC DEVELOPMENT THROUGH BUSINESS FINANCING AND PROVIDING TECHNICAL ASSISTANCE
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0132374616
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0149700894
IRS990/NetAssetsOrFundBalancesBOYAmt07550168
IRS990/NetAssetsOrFundBalancesEOYAmt09621147
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt07550168
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt09621147
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0142023
IRS990/OccupancyGrp/TotalAmt0142023
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt012134
IRS990/OfficeExpensesGrp/ProgramServicesAmt0750
IRS990/OfficeExpensesGrp/TotalAmt012884
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01246003
IRS990/OtherAssetsTotalGrp/EOYAmt01274262
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt061494
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0218630
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0280124
IRS990/OtherExpensesGrp/Desc0PROVISION FOR CREDIT LO
IRS990/OtherExpensesGrp/Desc1LOAN CLOSING COSTS
IRS990/OtherExpensesGrp/Desc2EQUIPMENT AND SOFTWARE
IRS990/OtherExpensesGrp/Desc3TRAINING
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt030947
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt18899
IRS990/OtherExpensesGrp/ProgramServicesAmt0236084
IRS990/OtherExpensesGrp/ProgramServicesAmt1199077
IRS990/OtherExpensesGrp/ProgramServicesAmt272917
IRS990/OtherExpensesGrp/ProgramServicesAmt379786
IRS990/OtherExpensesGrp/TotalAmt0236084
IRS990/OtherExpensesGrp/TotalAmt1199077
IRS990/OtherExpensesGrp/TotalAmt2103864
IRS990/OtherExpensesGrp/TotalAmt388685
IRS990/OtherLiabilitiesGrp/BOYAmt0900537
IRS990/OtherLiabilitiesGrp/EOYAmt0815347
IRS990/OtherRevenueMiscGrp/BusinessCd0525990
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt04412
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04412
IRS990/OtherRevenueTotalAmt04412
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0183236
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0626469
IRS990/OtherSalariesAndWagesGrp/TotalAmt0809705
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0115973585
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0127156834
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt091691
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt083399
IRS990/PrincipalOfficerNm0BILL POLLARD
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0525990
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IRS990/ProgramServiceRevenueGrp/BusinessCd3525990
IRS990/ProgramServiceRevenueGrp/BusinessCd4525990
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTERST INCOME
IRS990/ProgramServiceRevenueGrp/Desc1MANAGEMENT FEES
IRS990/ProgramServiceRevenueGrp/Desc2CONSULTING FEES
IRS990/ProgramServiceRevenueGrp/Desc3SERVICING FEES
IRS990/ProgramServiceRevenueGrp/Desc4LOAN FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07716193
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11309998
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2814000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3472016
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4255941
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07716193
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11309998
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2814000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3472016
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4255941
IRS990/ProgSrvcAccomActy2Grp/Desc0SMALL BUSINESS LENDING PROGRAM - PROGRAM A PROVIDES LOANS TO SMALL AND STARTUP BUSINESSES THAT ARE LOCATED IN QUALIFIED AREAS LOANS THAT CAN BE USED FOR ACQUISITION OF LAND, LAND IMPROVEMENTS, BUILDING CONSTRUCTION, PURCHASE OF BUILDINGS, RENOVATION OF BUILDINGS, AND PURCHASE OF MACHINERY, OR EQUIPMENT. PROGRAM B PROVIDES BUSINESSES (BOTH FOR-PROFIT AND NOT-FOR-PROFIT) LOCATED IN DESIGNATED LOW-INCOME CENSUS TRACTS OR OWNED BY MEMBERS OR A TARGETED POPULATION, WHICH INCLUDES LOW-INCOME PERSONS AND ELIGIBLE MINORITIES, WITH LOANS THAT CAN BE USED FOR MOST BUSINESS PURPOSES, INCLUDING WORKING CAPITAL, FIXED ASSETS, AND OTHERS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt05756236
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt07022681
IRS990/ProgSrvcAccomActy3Grp/Desc0NEW MARKET TAX CREDIT PROVIDES CAPITAL TO BUSINESSES LOCATED IN DISTRESSED COMMUNITIES
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0519731
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt02127739
IRS990/ProgSrvcAccomActyOtherGrp/Desc0GEORGIA RURAL DEVELOPMENT RELENDING FUND - PROVIDES SMALL AND STARTUP BUSINESSES THAT ARE LOCATED IN QUALIFIED AREAS LOANS THAT CAN BE USED FOR ACQUISITION OF LAND, LAND IMPROVEMENTS, BUILDING CONSTRUCTION, PURCHASE OF BUILDINGS, RENOVATION OF BUILDINGS, AND PURCHASE OF MACHINERY, OR EQUIPMENT.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-96526
IRS990/PYOtherExpensesAmt03862504
IRS990/PYOtherRevenueAmt04092
IRS990/PYProgramServiceRevenueAmt06924904
IRS990/PYRevenuesLessExpensesAmt01139108
IRS990/PYSalariesCompEmpBnftPaidAmt01830858
IRS990/PYTotalExpensesAmt05693362
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06832470
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt02070979
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
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IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01422140
IRS990/SavingsAndTempCashInvstGrp/BOYAmt024097682
IRS990/SavingsAndTempCashInvstGrp/EOYAmt032337070
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt021000
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt030625
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt051625
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt010673395
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt06828378
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt03468343
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02905607
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02765551
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt026641274
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt021000

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$161,141,804
Liabilities
$151,520,657
Net assets
$9,621,147
Revenue
$10,677,807
Expenses
$8,606,828
Net income
$2,070,979
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$163$151$12.0$10.4$9.38$1.03
2024Detailed filing. Detailed filing data is available for this year.$161$152$9.62$10.7$8.61$2.07
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$142$134$7.55$6.83$5.69$1.14
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$121$114$6.41$3.47$2.56$0.92
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$72.1$66.6$5.49$2.99$2.14$0.85
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$51.3$46.6$4.65$2.81$1.86$0.95
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.0$18.3$3.70$1.61$1.46$0.16
2018Summary only. Only limited summary data is available for this year.$9.02$5.27$3.75$1.97$1.92$0.05
2017Summary only. Only limited summary data is available for this year.$8.02$4.32$3.70$1.91$1.77$0.14
2016Summary only. Only limited summary data is available for this year.$7.63$4.07$3.56$1.49$1.71$0.21
2015Summary only. Only limited summary data is available for this year.$8.68$4.91$3.77$1.66$1.76$0.09
2014Summary only. Only limited summary data is available for this year.$8.55$4.69$3.86$2.45$2.26$0.19
2013Summary only. Only limited summary data is available for this year.$8.54$4.87$3.67$2.07$1.80$0.27
2012Summary only. Only limited summary data is available for this year.$8.56$5.16$3.40$2.05$2.02$0.03
2011Summary only. Only limited summary data is available for this year.$8.97$3.29$5.68$2.21$2.40$0.19