Part VI Line 11B
“The 990 is reviewed by both the Board Chairman and Board Treasurer prior”
990 • Fiscal year 2019 • EIN 82-0689514
Scores are not available for this record yet.
Assets
Up$373,156
Up $130,646 (+54%) from 2018
Net Assets
Up$152,067
Up $17,434 (+13%) from 2018
Liabilities
Up$221,089
Up $113,212 (+105%) from 2018
Revenue
Up$235,253
Up $15,245 (+6.9%) from 2018
Expenses
Up$217,814
Up $132,429 (+155%) from 2018
Net Income
Down$17,439
Down $117,184 (-87%) from 2018
RPC is committed to economic equity by providing socially responsible and affordable lending and serviecs to entrepreneurs who have been excluded from traditional lending due to socio-economic reasons & bias
RPC provides affordable small business loans and business technical assistance services to excluded entrepreneurs due to inequality bias
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $109,983 | $264,572 | ▲ $154,589 |
| Other Notes and Loans Receivable, Net | $10,000 | $79,019 | ▲ $69,019 |
| Pledges and Grants Receivable | $50,000 | - | - |
| Cash and Non-Interest-Bearing Accounts | $72,177 | $21,943 | ▼ $50,234 |
| Land, Buildings, and Equipment, Net | - | $7,272 | - |
| Total Assets | $242,510 | $373,156 | ▲ $130,646 |
| Other Assets Total | $350 | $350 | → $0 |
| Liabilities | |||
| Unsecured Notes Loans Payable | $100,000 | $220,000 | ▲ $120,000 |
| Deferred Revenue | - | $572 | - |
| Accounts Payable and Accrued Expenses | $7,877 | $517 | ▼ $7,360 |
| Total Liabilities | $107,877 | $221,089 | ▲ $113,212 |
| Net Assets / Fund Balance | |||
| Net Assets With Donor Restrictions | $110,424 | $112,612 | ▲ $2,188 |
| Net Assets Without Donor Restrictions | $24,209 | $39,455 | ▲ $15,246 |
| Total Net Assets Fund Balance | $134,633 | $152,067 | ▲ $17,434 |
| Total Liabilities and Net Assets / Fund Balance | $242,510 | $373,156 | ▲ $130,646 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $4,559 | $698 | $5,257 |
| Other Land Buildings | $2,713 | $1,193 | $3,906 |
| Other Assets Org | $350 | - | - |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Eric K Foster | Board Pres Mang Director | FT | $54,403 | $54,403 |
| Cuong Q Huynh | Board Tres Gen Mang | PT | $34,702 | $34,702 |
| Name | Title |
|---|---|
| Bing Goei | Board Member |
| Lisa Cook | Board Member |
| Meredith Freeman | Board Member |
| Robin Selmon | Board Secretary |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $192,482 |
| Total Fundraising Expense | $80,532 |
| Other Expenses | $25,332 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Current Officers, Directors, Trustees, and Key Employees | $88,978 | $17,795 | $71,183 | $177,956 |
| Payroll Taxes | $7,263 | $1,453 | $5,810 | $14,526 |
| Occupancy | $2,625 | $788 | $1,838 | $5,251 |
| Fees for Services Other | - | $3,688 | - | $3,688 |
| Fees for Services Accounting | - | $3,070 | - | $3,070 |
| Office Expenses | $2,206 | $384 | $155 | $2,745 |
| Interest | $2,340 | - | - | $2,340 |
| Travel | $412 | $206 | $1,443 | $2,061 |
| Depreciation Depletion | - | $1,891 | - | $1,891 |
| Conferences and Meetings | $790 | $429 | $103 | $1,322 |
| Fees for Services Legal | $850 | - | - | $850 |
| Advertising | - | $558 | - | $558 |
| Other Expenses | $260 | - | - | $260 |
| Information Technology | - | $254 | - | $254 |
| Total Functional Expenses | $106,766 | $30,516 | $80,532 | $217,814 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“The 990 is reviewed by both the Board Chairman and Board Treasurer prior”
“to filing. It is made available upon request to all other board members.”
“All board members are required to complete and sign an annual conflict of”
“interest form. All forms are reviewed by both the Chair and Treasurer.”
“2018 comparability data was used to determine part-time compensation for”
“the Managing Director and General Manager positions.”
“Financial statements are made available to current and potential funders”
“as a part of their required grant submission or grant application process.”
“Additional information regarding conflict of interest policy: Upon review”
“of the annual conflict of interest forms, the following conflict of”
“interest was determined: Board Member Bing Goei owns the Goei Center and”
“RPC is a tenant of the Goei Center. Procedures for this member and any”
“future conflicts include: (1) Member must again inform the Chair prior to a”
“board meeting dealing with any matter for a vote that they have a conflict;”
“(2) The member cannot engage in discussion with any board members regarding”
“their opinion in the matter and cannot hear or participate in the board's”
“discussion on the matter; and (3) A member with a conflict in any contract”
“or transaction cannot vote or be in the room during the matter's action.”
“Additional information regarding management compensation: Comparability”
“data was used in 2018 to determine part-time compensation for both the”
“Managing Director and General Manager. For 2019, these positions were held”
“by the same two individuals. There were no changes to their compensation”
“from 2018 to 2019.”
“Expenses: $3056.00 including grants of: $0.00 Revenue: $0.00”
“Loan monitoring and maintenance”
“Expenses: $2706.00 including grants of: $0.00 Revenue: $0.00”
“Business development”
“Expenses: $1085.00 including grants of: $0.00 Revenue: $0.00”
“One-on-one business mentoring”
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 | false |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 7877 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 517 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | RPC provides affordable small business loans and business technical assistance services to excluded entrepreneurs due to inequality bias |
| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 558 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 558 |
| IRS990/AllOtherContributionsAmt | 0 | 167606 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/BackupWthldComplianceInd | 0 | false |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | CUONG Q HUYNH |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 3012735866 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 2843 E Grand River Ste 132 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | East Lansing |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MI |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 48823 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | false |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 72177 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 21943 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt | 0 | 71183 |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 17795 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 88978 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 177956 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | true |
| IRS990/ConferencesMeetingsGrp/FundraisingAmt | 0 | 103 |
| IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt | 0 | 429 |
| IRS990/ConferencesMeetingsGrp/ProgramServicesAmt | 0 | 790 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 1322 |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 227606 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 572 |
| IRS990/CYOtherExpensesAmt | 0 | 25332 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 7075 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 17439 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 192482 |
| IRS990/CYTotalExpensesAmt | 0 | 217814 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 80532 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 235253 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 572 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 1891 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 1891 |
| IRS990/Desc | 0 | RPC provided $76,400 in small business loans to 3 new minority-owned businesses. RPC applied its Financing Approval through Racial Equity loan criteria which provided additional incentives that made the borrowers' 1st time loans more accessible and affordable than that of traditional banks who rejected them due to racial bias. This met RPC's performance goal of completing 3 loans before Q4 and its Social/Financial Measurements of providing 1st time capital to 100% owned minority businesses; providing loans to entrepreneurs heading households with at least 1 child 0-16 years old; and other measure- ments to fulfill its mission of providing loans to businesses of color facing barriers to bank capital due to documented racial bias. |
| IRS990/DescribedInSection501c3Ind | 0 | true |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | true |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/DonorRestrictionNetAssetsGrp/BOYAmt | 0 | 110424 |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 112612 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 4 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 77920 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 3070 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 3070 |
| IRS990/FeesForServicesLegalGrp/ProgramServicesAmt | 0 | 850 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 850 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 3688 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 3688 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form8282PropertyDisposedOfInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 30.00 |
| 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/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | 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/PersonNm | 0 | ERIC K FOSTER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | CUONG Q HUYNH |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | ROBIN SELMON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | MEREDITH FREEMAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | BING GOEI |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | LISA COOK |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 54403 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 34702 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| 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/TitleTxt | 0 | Board Pres Mang Dir |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | Board Tres Gen Mang |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | Board Secretary |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | Board Member |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | false |
| IRS990/Form990TFiledInd | 0 | false |
| IRS990/FormationYr | 0 | 2017 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedInd | 0 | false |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 6 |
| IRS990/GovernmentGrantsAmt | 0 | 60000 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 235253 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IndependentAuditFinclStmtInd | 0 | false |
| IRS990/IndependentVotingMemberCnt | 0 | 4 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartIXInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt | 0 | 254 |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 254 |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 2340 |
| IRS990/InterestGrp/TotalAmt | 0 | 2340 |
| IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt | 0 | 572 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 572 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/IRPDocumentCnt | 0 | 1 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 1891 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 7272 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 9163 |
| IRS990/LegalDomicileStateCd | 0 | MI |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LobbyingActivitiesInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | RPC is committed to economic equity by providing socially responsible and affordable lending and services to entrepreneurs who have been excluded from traditional lending due to socio-economic reasons & bias |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 134633 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 152067 |
| IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 24209 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 39455 |
| IRS990/NondeductibleContributionsInd | 0 | false |
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| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 788 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 2625 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 5251 |
| IRS990/OfficeExpensesGrp/FundraisingAmt | 0 | 155 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 384 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 2206 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 2745 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 350 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 350 |
| IRS990/OtherExpensesGrp/Desc | 0 | Loan Expense |
| IRS990/OtherExpensesGrp/Desc | 1 | Technical Assistance Expense |
| IRS990/OtherExpensesGrp/Desc | 2 | Bank Fees |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 651 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 391 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 260 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 651 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 391 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 260 |
| IRS990/OtherOrganizationDsc | 0 | CDFI |
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| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 79019 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | false |
| IRS990/PayrollTaxesGrp/FundraisingAmt | 0 | 5810 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 1453 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 7263 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 14526 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 50000 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrincipalOfficerNm | 0 | ERIC K FOSTER |
| IRS990/PriorPeriodAdjustmentsAmt | 0 | -5 |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 522291 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 522291 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 2 | 541900 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | Loan Interest Income |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | Loan App Origination |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | Technical Assistance |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 3720 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 3114 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 2 | 230 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 3720 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 3114 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 230 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | RPC's business development and loan staff provided business technical assistance learning sessions to 41 entrepreneurs of color. The learning sessions presented topics and tools for sustaining their businesses whether the business owner planned to apply for a loan through RPC or not. Marketing for Small Businesses and Legal Principles for Minority Businesses were two examples of the monthly sessions that were provided. |
| IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt | 0 | 16632 |
| IRS990/ProgSrvcAccomActy2Grp/RevenueAmt | 0 | 241 |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | RPC provided patient loan-readiness and loan preparation assistance to loan applicants. RPC assisted loan applicants with applications, business budgeting worksheets, personal budget worksheets and cost variance analysis so that RPC could obtain a holistic, progressive but risk-management picture of lending to the potential borrower aside from stringent credit factors. This helped three new borrowers receive small business loans for the first time, and also resulted in the protection and/or creation of 30 jobs. |
| IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt | 0 | 5367 |
| IRS990/ProgSrvcAccomActyOtherGrp/Desc | 0 | Loan monitoring and maintenance |
| IRS990/ProgSrvcAccomActyOtherGrp/Desc | 1 | Business development |
| IRS990/ProgSrvcAccomActyOtherGrp/Desc | 2 | One-on-one business mentoring |
| IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt | 0 | 3056 |
| IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt | 1 | 2706 |
| IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt | 2 | 1085 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYContributionsGrantsAmt | 0 | 220000 |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYInvestmentIncomeAmt | 0 | 8 |
| IRS990/PYOtherExpensesAmt | 0 | 8379 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 134623 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 77006 |
| IRS990/PYTotalExpensesAmt | 0 | 85385 |
| IRS990/PYTotalRevenueAmt | 0 | 220008 |
| IRS990/QuidProQuoContributionsInd | 0 | false |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | false |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 17439 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | false |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RevenueAmt | 0 | 6834 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 109983 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 264572 |
| IRS990ScheduleA/First5Years170Ind | 0 | X |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 227606 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 220000 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 447606 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 572 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 8 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 580 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 7075 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 447606 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 227606 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 220000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 447606 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 448186 |
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| 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 |
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| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 698 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 5257 |
| IRS990ScheduleD/InclEscrowCustodialAcctLiabInd | 0 | false |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 350 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | Security Deposit |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 2713 |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 1193 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 3906 |
| IRS990ScheduleD/Section170hRqrStsfdInd | 0 | false |
| IRS990ScheduleD/SolicitedAssetsSaleInd | 0 | false |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 7272 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 350 |
| IRS990ScheduleD/WrittenPolicyMonitoringInd | 0 | false |
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| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | The 990 is reviewed by both the Board Chairman and Board Treasurer prior |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | to filing. It is made available upon request to all other board members. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | All board members are required to complete and sign an annual conflict of |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | interest form. All forms are reviewed by both the Chair and Treasurer. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | 2018 comparability data was used to determine part-time compensation for |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | the Managing Director and General Manager positions. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | Financial statements are made available to current and potential funders |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | as a part of their required grant submission or grant application process. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | Expenses: $3056.00 including grants of: $0.00 Revenue: $0.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | Loan monitoring and maintenance |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 10 | Expenses: $2706.00 including grants of: $0.00 Revenue: $0.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 11 | Business development |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 12 | Expenses: $1085.00 including grants of: $0.00 Revenue: $0.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 13 | One-on-one business mentoring |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 14 | Additional information regarding conflict of interest policy: Upon review |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 15 | of the annual conflict of interest forms, the following conflict of |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 16 | interest was determined: Board Member Bing Goei owns the Goei Center and |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 17 | RPC is a tenant of the Goei Center. Procedures for this member and any |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 18 | future conflicts include: (1) Member must again inform the Chair prior to a |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 19 | board meeting dealing with any matter for a vote that they have a conflict; |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 20 | (2) The member cannot engage in discussion with any board members regarding |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 21 | their opinion in the matter and cannot hear or participate in the board's |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 22 | discussion on the matter; and (3) A member with a conflict in any contract |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 23 | or transaction cannot vote or be in the room during the matter's action. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 24 | Additional information regarding management compensation: Comparability |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 25 | data was used in 2018 to determine part-time compensation for both the |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 26 | Managing Director and General Manager. For 2019, these positions were held |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 27 | by the same two individuals. There were no changes to their compensation |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 28 | from 2018 to 2019. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Part VI Line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Part VI Line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Part VI Line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Part VI Line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Part VI Line 15a or b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Part VI Line 15a or b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Part VI Line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Part VI Line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | Part III Line 4d |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | Part III Line 4d |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 10 | Part III Line 4d |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 11 | Part III Line 4d |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 12 | Part III Line 4d |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 13 | Part III Line 4d |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 14 | Part VI Line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 15 | Part VI Line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 16 | Part VI Line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 17 | Part VI Line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 18 | Part VI Line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 19 | Part VI Line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 20 | Part VI Line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 21 | Part VI Line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 22 | Part VI Line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 23 | Part VI Line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 24 | Part VI Line 15b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 25 | Part VI Line 15b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 26 | Part VI Line 15b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 27 | Part VI Line 15b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 28 | Part VI Line 15b |
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| IRS990/SubjectToProxyTaxInd | 0 | false |
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| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
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| IRS990/TotalAssetsEOYAmt | 0 | 373156 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 242510 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 373156 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
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| IRS990/TotalEmployeeCnt | 0 | 4 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 80532 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 30516 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 106766 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 217814 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 107877 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 221089 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 107877 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 221089 |
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| IRS990/TravelGrp/FundraisingAmt | 0 | 1443 |
| IRS990/TravelGrp/ManagementAndGeneralAmt | 0 | 206 |
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| IRS990/TravelGrp/TotalAmt | 0 | 2061 |
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Displayed year
2019 • Form 990Detailed filing. Detailed filing data is available for this year.