Liabilities / Assets
85th percentile
Higher debt load relative to assets than 85% of similar nonprofits.
Trufund Financial Services Inc.
990 • Fiscal year 2012 • EIN 59-3814814
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.83x
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
Score unavailable
Net margin requires both revenue and expenses on this filing.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
2nd percentile
Faster asset growth than 2% of similar nonprofits.
Revenue Growth
Score unavailable
No valid filing value is available for this score.
Balance Sheet
Assets
Down$51,863,474
Down $13,493,592 (-21%) from 2011
Net Assets
Down$8,717,938
Down $4,105,677 (-32%) from 2011
Liabilities
Down$43,145,536
Down $9,387,915 (-18%) from 2011
Revenue And Expenses
Revenue
-
No earlier filing loaded for comparison.
Expenses
Down$13,013,315
Down $994,282 (-7.1%) from 2011
Net Income
-
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2012 to Dec 31, 2012
- Signed
- Nov 12, 2013
- Return Version
- 2012v2.1
- Gross Receipts
- $8,907,638
Mission and Program Overview
Mission
TruFunds mission is to promote and foster economic development in underserved communities and among disadvantaged populations by offering affordable capital and capacity building technical assistance (TA) to small businesses and not-for-profit organizations that have difficulty accessing conventional capital markets. Headquartered in New York City, TruFunds operations also extend to serve the New Jersey, Alabama and Louisiana markets.
Filing and Contact Details
Filer
- EIN
- 59-3814814
Raw XML AppendixShowing 400 of 909 raw XML fields
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| IRS990/Description | 0 | Seedco Financial provides financing to enable businesses, nonprofits or developers to proceed with their business or real estate projects to the extent such financing benefits low Income Communities, low wage workers or fulfills a charitable purpose. It also offers an affordable source of working capital for organizations seeking to expand, re-locate, or restructure. Borrowers are typically considered to be "high risk" by traditional underwriting standards. However, Seedco Financial offsets a portion of the heightened risk by connecting borrowers to technical assistance, which IS provided either directly by Seedco Financial or through a network of community partners frequently, funds from government agencies and private sources offset potential loan losses associated with our highest-risk lending activities. Seedco Financial provides financing and business services to small businesses that cannot access affordable financing through traditional sources. Our small business borrowers come from a range of sectors and have used loans for working capital, purchasing Inventory and equipment; Improving leased or owned space, and other approved activities that help sustain and expand their businesses. The loan fund seeks to support businesses In underserved communities and businesses owned by underrepresented or disadvantaged groups such as women and minorities. Seedco Financial provides financing and business services to non profits that cannot access affordable financing through traditional sources Our nonprofit borrowers typically come from the human/social service and arts/culture sectors and have used loans for working capital, facilities development and other approved activities that help sustain and expand their operations. The loan fund seeks to support nonprofit organizations that provide supportive services to underserved citizens and communities and those that contribute to the cultural Vibrancy of the communities we serve. Seedco Financial provides financing and business services to real estate developers, nonprofit community-based lending organizations and human services nonprofit organizations that are working to encourage economic development Investment In low-Income communities nationwide. Our real estate Borrowers have used loans and New Markets Tax Credits for a range of projects including large-scale job development projects, small business development projects In low Income communities to aid low wage workers or prevent community deterioration, capacity-building of minority-serving Institutions and community facilities, anchor real estate projects that act as catalysts for community development In low- to moderate-Income neighborhoods, acquisition, rehabilitation, or new construction of commercial, residential, or mixed use projects, and affordable multi-family and special needs housing. The loan fund seeks to support Investments that generate Significant community Impacts In the form of new or retained jobs, community services or Increased economic opportunity. |
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| IRS990/MissionDescription | 0 | SEEDCO FINANCIAL SERVICES, INC. (SEEDCO FINANCIAL)IS A NATIONAL, NON-PROFIT COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) THAT CREATES ECONOMIC OPPORTUNITIES FOR JOB SEEKERS, WORKERS, AND SMALL BUSINESSES. SEEDCO FINANCIAL'S MISSION IS TO PROVIDE AFFORDABLE FINANCIAL AND TECHNICAL ASSISTANCE TO NON-PROFIT ORGANIZATIONS, SMALL BUSINESSES, AND DEVELOPERS OF AFFORDABLE HOUSING AND COMMERCIAL PROJECTS IN ECONOMICALLY DISTRESSED COMMUNITIES. SEEDCO FINANCIAL'S FINANCING PROGRAMS ARE DESIGNED TO FILL CAPITAL AND CAPACITY GAPS WITHIN LOCAL MARKETS. SEEDCO FINANCIAL IS HEADQUARTERED IN NEW YORK CITY WITH REGIONAL FIELD OFFICES IN ALABAMA AND LOUISIANA. |
| IRS990/MoreThan5000KToIndividuals | 0 | false |
| IRS990/MoreThan5000KToOrganizations | 0 | false |
| IRS990/MortNotesPyblSecuredInvestProp/BOY | 0 | 52057082 |
| IRS990/MortNotesPyblSecuredInvestProp/EOY | 0 | 42162091 |
| IRS990/NameOfPrincipalOfficerPerson | 0 | EDWIN HONG COO |
| IRS990/NbrIndependentVotingMembers | 0 | 5 |
| IRS990/NbrVotingGoverningBodyMembers | 0 | 5 |
| IRS990/NbrVotingMembersGoverningBody | 0 | 5 |
| IRS990/NetAssetsOrFundBalancesBOY | 0 | 12823615 |
| IRS990/NetAssetsOrFundBalancesEOY | 0 | 8717938 |
| IRS990/NetGainOrLossInvestments/TotalRevenueColumn | 0 | 0 |
| IRS990/NetIncomeFromFundraisingEvents/TotalRevenueColumn | 0 | 0 |
| IRS990/NetIncomeFromGaming/TotalRevenueColumn | 0 | 0 |
| IRS990/NetIncomeOrLoss/TotalRevenueColumn | 0 | 0 |
| IRS990/NetRentalIncomeOrLoss/TotalRevenueColumn | 0 | 0 |
| IRS990/NonDeductibleContributions | 0 | false |
| IRS990/NumberFormsTransmittedWith1096 | 0 | 43 |
| IRS990/NumberIndependentVotingMembers | 0 | 5 |
| IRS990/NumberIndividualsGT100K | 0 | 8 |
| IRS990/NumberOfContractorsGT100K | 0 | 5 |
| IRS990/NumberOfEmployees | 0 | 57 |
| IRS990/NumberW2GIncluded | 0 | 0 |
| IRS990/Occupancy/Fundraising | 0 | 28263 |
| IRS990/Occupancy/ManagementAndGeneral | 0 | 710 |
| IRS990/Occupancy/ProgramServices | 0 | 520696 |
| IRS990/Occupancy/Total | 0 | 549669 |
| IRS990/OfficeExpenses/Total | 0 | 0 |
| IRS990/OfficerEntityWithBsnssRltnshp | 0 | false |
| IRS990/OfficerMailingAddress | 0 | false |
| IRS990/Organization501c3 | 0 | X |
| IRS990/OtherAssetsTotal/BOY | 0 | 374343 |
| IRS990/OtherAssetsTotal/EOY | 0 | 577628 |
| IRS990/OtherEmployeeBenefits/Fundraising | 0 | 33624 |
| IRS990/OtherEmployeeBenefits/ManagementAndGeneral | 0 | 24128 |
| IRS990/OtherEmployeeBenefits/ProgramServices | 0 | 592949 |
| IRS990/OtherEmployeeBenefits/Total | 0 | 650701 |
| IRS990/OtherExpensePriorYear | 0 | 9988153 |
| IRS990/OtherExpensesCurrentYear | 0 | 8657379 |
| IRS990/OtherExpenses/Description | 0 | RECRUITMENT & TEMP PERSONNEL |
| IRS990/OtherExpenses/Description | 1 | SUPPLIES |
| IRS990/OtherExpenses/Description | 2 | BOARD EXPENSES |
| IRS990/OtherExpenses/Description | 3 | BANK CHARGES |
| IRS990/OtherExpenses/Fundraising | 0 | 0 |
| IRS990/OtherExpenses/Fundraising | 1 | 0 |
| IRS990/OtherExpenses/Fundraising | 2 | 0 |
| IRS990/OtherExpenses/Fundraising | 3 | 0 |
| IRS990/OtherExpenses/ManagementAndGeneral | 0 | 4256 |
| IRS990/OtherExpenses/ManagementAndGeneral | 1 | 34591 |
| IRS990/OtherExpenses/ManagementAndGeneral | 2 | 0 |
| IRS990/OtherExpenses/ManagementAndGeneral | 3 | 1065 |
| IRS990/OtherExpenses/ProgramServices | 0 | 43472 |
| IRS990/OtherExpenses/ProgramServices | 1 | 68890 |
| IRS990/OtherExpenses/ProgramServices | 2 | 595 |
| IRS990/OtherExpenses/ProgramServices | 3 | 10602 |
| IRS990/OtherExpenses/Total | 0 | 47728 |
| IRS990/OtherExpenses/Total | 1 | 103481 |
| IRS990/OtherExpenses/Total | 2 | 595 |
| IRS990/OtherExpenses/Total | 3 | 11667 |
| IRS990/OtherLiabilities/BOY | 0 | 80425 |
| IRS990/OtherLiabilities/EOY | 0 | 6067 |
| IRS990/OtherNotesLoansReceivableNet/BOY | 0 | 37512459 |
| IRS990/OtherNotesLoansReceivableNet/EOY | 0 | 33425770 |
| IRS990/OtherRevenueCurrentYear | 0 | 18330 |
| IRS990/OtherRevenueMisc/BusinessCode | 0 | 900099 |
| IRS990/OtherRevenueMisc/Description | 0 | MISCELLANEOUS |
| IRS990/OtherRevenueMisc/RelatedOrExemptFunctionIncome | 0 | 18330 |
| IRS990/OtherRevenueMisc/TotalRevenueColumn | 0 | 18330 |
| IRS990/OtherRevenuePriorYear | 0 | 179 |
| IRS990/OtherSalariesAndWages/Fundraising | 0 | 186120 |
| IRS990/OtherSalariesAndWages/ManagementAndGeneral | 0 | 202892 |
| IRS990/OtherSalariesAndWages/ProgramServices | 0 | 2940844 |
| IRS990/OtherSalariesAndWages/Total | 0 | 3329856 |
| IRS990/PartialLiquidation | 0 | false |
| IRS990/PaymentsToAffiliates/Fundraising | 0 | 0 |
| IRS990/PaymentsToAffiliates/ManagementAndGeneral | 0 | 93746 |
| IRS990/PaymentsToAffiliates/ProgramServices | 0 | 947874 |
| IRS990/PaymentsToAffiliates/Total | 0 | 1041620 |
| IRS990/PayrollTaxes/Total | 0 | 0 |
| IRS990/PensionPlanContributions/Total | 0 | 0 |
| IRS990/PermanentlyRestrictedNetAssets/BOY | 0 | 0 |
| IRS990/PermanentlyRestrictedNetAssets/EOY | 0 | 0 |
| IRS990/PledgesAndGrantsReceivable/BOY | 0 | 2041316 |
| IRS990/PledgesAndGrantsReceivable/EOY | 0 | 1249205 |
| IRS990/PoliticalActivities | 0 | false |
| IRS990/PremiumsPaid | 0 | false |
| IRS990/PrepaidExpensesDeferredCharges/BOY | 0 | 0 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $51,863,474
- Liabilities
- $43,145,536
- Net assets
- $8,717,938
- Revenue
- -
- Expenses
- $13,013,315
- Net income
- -
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