Civic Intelligence

The Southern Development Council Inc.

990 • Fiscal year 2021 • EIN 63-0866023

Oct 01, 2020 to Sep 30, 2021 • Filed on May 20, 2022

Organization ProfileWWW.SDCINC.ORG

View Organization Page

200 Office Park Drive No 338Mountain Brook, AL 35223

(334) 244-1801

Siviq Scores

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

Liabilities / Assets

40th percentile

0.07x

Higher debt load relative to assets than 40% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

61st percentile

0.26x

Higher debt load relative to revenue than 61% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

10th percentile

-17%

Higher net margin than 10% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

69th percentile

$167,578

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 12.0% of source-year revenue.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

12th percentile

-4.8%

Faster asset growth than 12% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

21st percentile

-6.9%

Faster revenue growth than 21% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets40th percentile

Assets

Down

$5,250,522

Down $263,055 (-4.8%) from 2020

Net Assets

Down

$4,886,736

Down $237,709 (-4.6%) from 2020

Liabilities

Down

$363,786

Down $25,346 (-6.5%) from 2020

Revenue And Expenses
Liabilities / Revenue61st percentileNet Margin10th percentile

Revenue

Down

$1,396,001

Down $103,796 (-6.9%) from 2020

Expenses

Up

$1,633,710

Up $114,385 (+7.5%) from 2020

Net Income

Down

-$237,709

Down $218,181 (-1117%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $4,640,239Liabilities 2011: $452,517Net Assets 2011: $4,187,7222011Assets 2012: $5,066,110Liabilities 2012: $715,456Net Assets 2012: $4,350,6542012Assets 2013: $5,098,975Liabilities 2013: $622,061Net Assets 2013: $4,476,9142013Assets 2014: $5,167,221Liabilities 2014: $459,237Net Assets 2014: $4,707,9842014Assets 2015: $5,278,499Liabilities 2015: $433,587Net Assets 2015: $4,844,9122015Assets 2016: $5,484,753Liabilities 2016: $492,606Net Assets 2016: $4,992,1472016Assets 2017: $5,632,819Liabilities 2017: $509,792Net Assets 2017: $5,123,0272017Assets 2019: $5,575,654Liabilities 2019: $431,681Net Assets 2019: $5,143,9732019Assets 2020: $5,513,577Liabilities 2020: $389,132Net Assets 2020: $5,124,4452020Assets 2021: $5,250,522Liabilities 2021: $363,786Net Assets 2021: $4,886,7362021Assets 2022: $5,076,770Liabilities 2022: $449,294Net Assets 2022: $4,627,4762022Assets 2023: $5,139,101Liabilities 2023: $433,319Net Assets 2023: $4,705,7822023Assets 2024: $5,365,921Liabilities 2024: $546,873Net Assets 2024: $4,819,0482024

Highlighted filing

2021

Assets$5,250,522
Liabilities$363,786
Net Assets$4,886,736
Open 2021 Filing

Operations Trend

Revenue Growth21st percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2011: $1,311,863Expenses 2011: $1,196,561Net Income 2011: $115,3022011Revenue 2012: $1,544,151Expenses 2012: $1,381,219Net Income 2012: $162,9322012Revenue 2013: $1,301,983Expenses 2013: $1,175,723Net Income 2013: $126,2602013Revenue 2014: $1,560,621Expenses 2014: $1,329,551Net Income 2014: $231,0702014Revenue 2015: $1,373,376Expenses 2015: $1,236,449Net Income 2015: $136,9272015Revenue 2016: $1,429,033Expenses 2016: $1,281,798Net Income 2016: $147,2352016Revenue 2017: $1,275,701Expenses 2017: $1,144,821Net Income 2017: $130,8802017Revenue 2019: $1,231,478Expenses 2019: $1,279,993Net Income 2019: -$48,5152019Revenue 2020: $1,499,797Expenses 2020: $1,519,325Net Income 2020: -$19,5282020Revenue 2021: $1,396,001Expenses 2021: $1,633,710Net Income 2021: -$237,7092021Revenue 2022: $1,106,394Expenses 2022: $1,365,654Net Income 2022: -$259,2602022Revenue 2023: $1,384,295Expenses 2023: $1,305,989Net Income 2023: $78,3062023Revenue 2024: $1,494,206Expenses 2024: $1,380,940Net Income 2024: $113,2662024

Highlighted filing

2021

Revenue$1,396,001
Expenses$1,633,710
Net Income-$237,709
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
May 20, 2022
Return Version
2020v4.2
Gross Receipts
$1,409,464
Mission and Program Overview

Mission

The organization's mission is to promote small business growth and development by assisting them with obtaining the financing they need in order to achieve that growth and development including job creation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$3,822,329$3,637,481▼ $184,848
Other Notes and Loans Receivable, Net$1,097,919$1,060,908▼ $37,011
Accounts Receivable$377,903$429,425▲ $51,522
Land, Buildings, and Equipment, Net$134,970$75,600▼ $59,370
Prepaid Expenses and Deferred Charges$34,707$17,786▼ $16,921
Cash and Non-Interest-Bearing Accounts$5,498$2,985▼ $2,513
Total Assets$5,513,577$5,250,522▼ $263,055
Other Assets Total$40,251$26,337▼ $13,914
Liabilities
Accounts Payable and Accrued Expenses$201,121$194,100▼ $7,021
Other Liabilities$188,011$169,686▼ $18,325
Total Liabilities$389,132$363,786▼ $25,346
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,038,445$3,800,736▼ $237,709
Net Assets With Donor Restrictions$1,086,000$1,086,000→ $0
Total Net Assets Fund Balance$5,124,445$4,886,736▼ $237,709
Total Liabilities and Net Assets / Fund Balance$5,513,577$5,250,522▼ $263,055

Asset Categories

AssetBook ValueDepreciationBasis
Land$75,600-$75,600
Compensation and Service Providers
Top Officer Pay69th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ed HillBusiness Development OfficFT$137,332$30,246$167,578
Beau StrongBusiness Development OfficFT$79,458$11,693$91,151
Maudie BedfordPresident, CEOFT$71,008$12,181$83,189
Lee AdcoxChairman of the BoardPT$12,000-$12,000
William P BarryVice PresidentPT$8,750-$8,750
John KnightBoard Member-$8,500-$8,500
John SumrallBoard Member-$8,250-$8,250
Mark ChambersBoard Member-$8,000-$8,000
David MathisBoard Member-$7,750-$7,750
Jo Karen ParrBoard Member-$6,750-$6,750
Charles EddyBoard Member-$1,250-$1,250
Jim SearcyBoard Member-$1,000-$1,000
John WilliamsBoard Member-$1,000-$1,000
Macke MauldinBoard Member-$1,000-$1,000
Patrick HamnerBoard Member-$1,000-$1,000
Spencer WigginsBoard Member-$1,000-$1,000
Perry O HooperBoard Member-$500-$500
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,336,419
Investment Income
$30,556
Other Revenue
$29,026
Change in Net Assets
$-237,709

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,396,001
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,396,001
Total Revenue per Form 990
$1,396,001
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$871,902
Other Expenses$761,808
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$436,200--$436,200
Current Officers, Directors, Trustees, and Key Employees$262,563$78,940-$341,503
Insurance$7,556$122,843-$130,399
Fees for Services Accounting-$65,704-$65,704
Fees for Services Other$30,545$28,544-$59,089
Payroll Taxes$50,253$3,978-$54,231
Occupancy$41,725$6,273-$47,998
All Other Expenses$18,324$23,835-$42,159
Pension Plan Contributions$35,420$4,548-$39,968
Other Expenses$15,062$6,730-$21,792
Travel$17,818$3,682-$21,500
Conferences and Meetings$10,294--$10,294
Office Expenses$2,177$7,899-$10,076
Advertising$9,095--$9,095
Depreciation Depletion-$972-$972
Total Functional Expenses$1,210,464$423,246$0$1,633,710

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,633,710
Total Expenses per Audited Statements$1,633,710
Total Expenses per Form 990$1,633,710
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-LandlordAnnual Office RentNo$6,273
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable Deposits$169,686
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
Yes
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 organization's form 990 and related schedules are prepared by an outside accounting firm and reviewed and approved by the organization's president and ceo and its executive director. Once those reviews are complete, the members of the board of directors are provided a complete copy for their review prior to filing with the internal revenue service.”

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

“Regular monitoring of the organization's conflict of interest policy is performed by its president and ceo. Enforcement of compliance rests witht he organization's board of directors.”

Form 990, Part VI, Section B, Line 15

“In determining the compensation packages for the ceo and staff, the executive compensation committee, comprised of members of the organization's board of directors may rely on reviews of irs form 990 filings for similar sized organizations, compensation survey reports prepared by independent consultants, or other such reports that might be available from the national association of development companies. Additionally, compensation is commensurate with each employees specific duties and responsibilities as outlined in the organizations internal control policy. Compensation is considered reasonable and customary for this organizations area of concern.”

Form 990, Part VI, Section C, Line 19

“Regular monitoring of the organization's conflict of interest policy is performed by its president and ceo. Enforcement of compliance rests with the organiztion's board of directors.”

Form 990, Part VI, Section C, Line 18

“The organization files a copy of its form 990 and related schedules with the appropriate governmental regulatory bodies where it becomes available for public inspection. The organization also files an annual report with the u.s. Small business administration (sba) detailing its activities including providing the sba with copies of its form 990, the minutes of the meetings of its board of directors, and a copy of the organization's annual audited financial statements.”

Filing and Contact Details

Filer

Filer Name
Southern Development Council
EIN
63-0866023
Phone
3342441801
Address
200 OFFICE PARK DRIVE NO 338, MOUNTAIN BROOK, AL 35223

Signing Officer

Name
Yolanda Merriweather
Title
Executive Director
Phone
3342441801
Signed
2022-05-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Yolanda Merriweather
Formed
1983
Legal Domicile
Al
Voting Board Members
14
Independent Board Members
8
Employees
12
Volunteers
0

Preparer

Firm
Borland Benefield Pc
Address
800 SHADES CREEK PARKWAY SUITE 875, BIRMINGHAM, AL 35209
Preparer
Jeffrey D Chandler CPA
Phone
2058027212
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The organization is a nonprofit organization that is exempt from income taxes under section 501(c)(3) of the internal revenue code. Unrelated business income, of which the organization had none during the year ended september 30, 2021, would be subject to federal income taxes. Consequently, the accompanying financial statements do not reflect any provision for income taxes.”

Part X, Line 2

“The organization is a nonprofit organization that is exempt from income taxes under section 501(c) (3) of the internal revenue code. Unrelated business income, of which the organization had none during the year ended september 30, 2021, would be subject to federal income taxes. Consequently, the accompanying financial statements do not reflect any provision for income taxes.”

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN OF THE BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT, CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BUSINESS DEVELOPMENT OFFIC
IRS990/Form990PartVIISectionAGrp/TitleTxt16BUSINESS DEVELOPMENT OFFIC
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IRS990/FSAuditedInd01
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IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01409464
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
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IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0122843
IRS990/InsuranceGrp/ProgramServicesAmt07556
IRS990/InsuranceGrp/TotalAmt0130399
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IRS990/LandBldgEquipCostOrOtherBssAmt075600
IRS990/LegalDomicileStateCd0AL
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt013463
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE ORGANIZATION'S MISSION IS TO PROMOTE SMALL BUSINESS GROWTH AND DEVELOPMENT BY ASSISTING THEM WITH OBTAINING THE FINANCING THEY NEED IN ORDER TO ACHIEVE THAT GROWTH AND DEVELOPMENT INCLUDING JOB CREATION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt05124445
IRS990/NetAssetsOrFundBalancesEOYAmt04886736
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-13463
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt0-13463
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt04038445
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03800736
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt06273
IRS990/OccupancyGrp/ProgramServicesAmt041725
IRS990/OccupancyGrp/TotalAmt047998
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt07899
IRS990/OfficeExpensesGrp/ProgramServicesAmt02177
IRS990/OfficeExpensesGrp/TotalAmt010076
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt040251
IRS990/OtherAssetsTotalGrp/EOYAmt026337
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0REFERRAL FEES
IRS990/OtherExpensesGrp/Desc1IMPAIRMENT
IRS990/OtherExpensesGrp/Desc2ECONOMIC REINVESTMENT F
IRS990/OtherExpensesGrp/Desc3TELEPHONE AND UTILITIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt045115
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt124183
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt26730
IRS990/OtherExpensesGrp/ProgramServicesAmt0273432
IRS990/OtherExpensesGrp/ProgramServicesAmt115062
IRS990/OtherExpensesGrp/TotalAmt0273432
IRS990/OtherExpensesGrp/TotalAmt145115
IRS990/OtherExpensesGrp/TotalAmt224183
IRS990/OtherExpensesGrp/TotalAmt321792
IRS990/OtherLiabilitiesGrp/BOYAmt0188011
IRS990/OtherLiabilitiesGrp/EOYAmt0169686
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0ECONOMIC REINVESTMENT
IRS990/OtherRevenueMiscGrp/Desc1OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt04593
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt024433
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt024433
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt14593
IRS990/OtherRevenueTotalAmt029026
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0436200
IRS990/OtherSalariesAndWagesGrp/TotalAmt0436200
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01097919
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01060908
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03978
IRS990/PayrollTaxesGrp/ProgramServicesAmt050253
IRS990/PayrollTaxesGrp/TotalAmt054231
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt04548
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt035420
IRS990/PensionPlanContributionsGrp/TotalAmt039968
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt034707
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt017786
IRS990/PrincipalOfficerNm0YOLANDA MERRIWEATHER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522298
IRS990/ProgramServiceRevenueGrp/BusinessCd1522298
IRS990/ProgramServiceRevenueGrp/BusinessCd2522298
IRS990/ProgramServiceRevenueGrp/Desc0LOAN SERVICING FEES
IRS990/ProgramServiceRevenueGrp/Desc1LOAN PACKAGING FEES
IRS990/ProgramServiceRevenueGrp/Desc2LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0689479
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1568400
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt278540
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0689479
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1568400
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt278540
IRS990/ProgSrvcAccomActy2Grp/Desc0IN ADDITION TO THE SBA LOAN PROGRAMS, THE ORGANIZATION PROMOTES SMALL BUSINESS GROWTH AND DEVELOPMENT BY MAKING LOANS DIRECTLY TO SMALL BUSINESSES. UNDER CERTAIN CIRCUMSTANCES, THESE DIRECT LOANS ARE MADE IN CONJUNCTION WITH SBA LOANS AND ARE CONSIDERED "GAP" FINANCING. OTHER DIRECT LOANSARE MADE WHERE LOAN AMOUNTS NEEDED BY THE SMALL BUSINESSES ARE SMALLER OR SHORTER TERM OF WEHRE THE USE OF THE PROCEEDS IS MIXED (I.E. FIXED ASSET ACQUISITION OR WORKING CAPITAL) AND MAY NOT BE A CANDIDATE FOR THE SBA 504 PROGRAM.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt013004
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0140304
IRS990/ProgSrvcAccomActy3Grp/Desc0ONE OF THE ORGANIZATION'S PROGRAMS IS RELATED TO THE LOAN SERVICING PROCESS. THE ORGANIZATION RECEIVES MONTHLY SERVICING FEES ON ALL LOANS FUNDED BY THE SBA.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0169362
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0689479
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt050973
IRS990/PYOtherExpensesAmt0556942
IRS990/PYOtherRevenueAmt0137873
IRS990/PYProgramServiceRevenueAmt01310951
IRS990/PYRevenuesLessExpensesAmt0-19528
IRS990/PYSalariesCompEmpBnftPaidAmt0962383
IRS990/PYTotalExpensesAmt01519325
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01499797
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-237709
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0566307
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03822329
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03637481
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt044018
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt050973
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt098235
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt072931
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt063085
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0329242
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01131856
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01226987
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01212616
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt06218831
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt044018
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt050973
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt098235
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt072931
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt063085
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0329242
IRS990ScheduleA/InvestmentIncomeCYPct00.04910
IRS990ScheduleA/InvestmentIncomePYPct00.05220
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IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01287
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0154722
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.92780
IRS990ScheduleA/PublicSupportPY509Pct00.92710
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IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01310952
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01131856
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01226987
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01212616
IRS990ScheduleA/Total509Grp/TotalAmt06218831
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01396001
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01499797

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,250,522
Liabilities
$363,786
Net assets
$4,886,736
Revenue
$1,396,001
Expenses
$1,633,710
Net income
-$237,709
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.37$0.55$4.82$1.49$1.38$0.11
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.14$0.43$4.71$1.38$1.31$0.08
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.08$0.45$4.63$1.11$1.37$0.26
2021Detailed filing. Detailed filing data is available for this year.$5.25$0.36$4.89$1.40$1.63$0.24
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.51$0.39$5.12$1.50$1.52$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.58$0.43$5.14$1.23$1.28$0.05
2017Summary only. Only limited summary data is available for this year.$5.63$0.51$5.12$1.28$1.14$0.13
2016Summary only. Only limited summary data is available for this year.$5.48$0.49$4.99$1.43$1.28$0.15
2015Summary only. Only limited summary data is available for this year.$5.28$0.43$4.84$1.37$1.24$0.14
2014Summary only. Only limited summary data is available for this year.$5.17$0.46$4.71$1.56$1.33$0.23
2013Summary only. Only limited summary data is available for this year.$5.10$0.62$4.48$1.30$1.18$0.13
2012Summary only. Only limited summary data is available for this year.$5.07$0.72$4.35$1.54$1.38$0.16
2011Summary only. Only limited summary data is available for this year.$4.64$0.45$4.19$1.31$1.20$0.12