Civic Intelligence

New Mexico Community Development Loan Fund Inc

990 • Fiscal year 2016 • EIN 85-0377424

Jan 01, 2016 to Dec 31, 2016 • Filed on Jul 18, 2017

Organization ProfileWWW.LOANFUND.ORG
PO Box 705Albuquerque, NM 87103

(505) 243-3196

Siviq Scores

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

Liabilities / Assets

89th percentile

0.88x

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

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

97th percentile

13.84x

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

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

7th percentile

-42%

Higher net margin than 7% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

46th percentile

$162,740

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 14.0% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

32nd percentile

-1.7%

Faster asset growth than 32% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

12th percentile

-25%

Faster revenue growth than 12% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets89th percentile

Assets

Down

$18,235,344

Down $320,737 (-1.7%) from 2015

Net Assets

Down

$2,175,872

Down $489,091 (-18%) from 2015

Liabilities

Up

$16,059,472

Up $168,354 (+1.1%) from 2015

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin7th percentile

Revenue

Down

$1,160,273

Down $393,495 (-25%) from 2015

Expenses

Up

$1,649,365

Up $71,110 (+4.5%) from 2015

Net Income

Down

-$489,092

Down $464,605 (-1897%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth32nd percentile

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

$60M$40M$20M$0Assets 2010: $16,187,743Liabilities 2010: $14,121,512Net Assets 2010: $2,066,2312010Assets 2011: $16,496,821Liabilities 2011: $14,028,619Net Assets 2011: $2,468,2022011Assets 2012: $16,889,047Liabilities 2012: $14,354,976Net Assets 2012: $2,534,0712012Assets 2013: $17,193,219Liabilities 2013: $14,646,382Net Assets 2013: $2,546,8372013Assets 2014: $17,543,632Liabilities 2014: $14,854,181Net Assets 2014: $2,689,4512014Assets 2015: $18,556,081Liabilities 2015: $15,891,118Net Assets 2015: $2,664,9632015Assets 2016: $18,235,344Liabilities 2016: $16,059,472Net Assets 2016: $2,175,8722016Assets 2017: $18,779,463Liabilities 2017: $16,778,179Net Assets 2017: $2,001,2842017Assets 2018: $18,285,431Liabilities 2018: $16,525,569Net Assets 2018: $1,759,8622018Assets 2019: $26,334,642Liabilities 2019: $24,733,707Net Assets 2019: $1,600,9352019Assets 2020: $30,087,017Liabilities 2020: $28,606,513Net Assets 2020: $1,480,5042020Assets 2021: $35,223,993Liabilities 2021: $33,809,212Net Assets 2021: $1,414,7812021Assets 2022: $38,252,004Liabilities 2022: $36,668,182Net Assets 2022: $1,583,8222022Assets 2023: $42,531,939Liabilities 2023: $41,292,730Net Assets 2023: $1,239,2092023Assets 2024: $42,466,162Liabilities 2024: $41,941,681Net Assets 2024: $524,4812024

Highlighted filing

2016

Assets$18,235,344
Liabilities$16,059,472
Net Assets$2,175,872
Open 2016 Filing

Operations Trend

Revenue Growth12th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,262,2152010Revenue 2011: $1,805,320Expenses 2011: $1,403,349Net Income 2011: $401,9712011Expenses 2012: $1,350,6032012Revenue 2013: $1,293,704Expenses 2013: $1,280,938Net Income 2013: $12,7662013Revenue 2014: $1,597,541Expenses 2014: $1,571,251Net Income 2014: $26,2902014Revenue 2015: $1,553,768Expenses 2015: $1,578,255Net Income 2015: -$24,4872015Revenue 2016: $1,160,273Expenses 2016: $1,649,365Net Income 2016: -$489,0922016Revenue 2017: $1,419,641Expenses 2017: $1,594,229Net Income 2017: -$174,5882017Revenue 2018: $1,323,072Expenses 2018: $1,564,494Net Income 2018: -$241,4222018Revenue 2019: $1,432,338Expenses 2019: $1,591,265Net Income 2019: -$158,9272019Revenue 2020: $1,786,916Expenses 2020: $1,907,347Net Income 2020: -$120,4312020Revenue 2021: $1,992,673Expenses 2021: $2,058,396Net Income 2021: -$65,7232021Revenue 2022: $2,394,022Expenses 2022: $2,224,981Net Income 2022: $169,0412022Revenue 2023: $2,638,234Expenses 2023: $2,832,627Net Income 2023: -$194,3932023Revenue 2024: $2,406,073Expenses 2024: $3,167,379Net Income 2024: -$761,3062024

Highlighted filing

2016

Revenue$1,160,273
Expenses$1,649,365
Net Income-$489,092
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jul 18, 2017
Return Version
2016v3.0
Gross Receipts
$1,160,273
Mission and Program Overview

Mission

The loan fund was formed to encourage and facilitate the investment of capital in low-income new mexico communities through individuals, religious and communitiy organizations, foundations, governmental entities, lending institutions and others. The loan fund places particular emphasis on assisting low-income, minority and woman-owned businesses and those who meet other special requirements and are unable to access affordable loans from traditional sources such as banks.

The loan fund was formed to encourage and facilitate the investment of capital in low-income new mexico communities through individuals, religious and community organizations, foundations, governmental entities, lending institutions and others.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$12,934,828$12,488,394▼ $446,434
Savings and Temporary Cash Investments$3,276,510$2,855,804▼ $420,706
Cash and Non-Interest-Bearing Accounts$1,382,057$1,915,580▲ $533,523
Land, Buildings, and Equipment, Net$432,899$413,884▼ $19,015
Investments Other Securities$405,547$413,558▲ $8,011
Pledges and Grants Receivable$124,240$148,124▲ $23,884
Total Assets$18,556,081$18,235,344▼ $320,737
Liabilities
Other Liabilities$15,704,563$15,868,709▲ $164,146
Accounts Payable and Accrued Expenses$180,135$190,763▲ $10,628
Deferred Revenue$6,420$0▼ $6,420
Total Liabilities$15,891,118$16,059,472▲ $168,354
Net Assets / Fund Balance
Unrestricted Net Assets$2,284,464$1,893,222▼ $391,242
Permanently Rstr Net Assets$205,791$205,791→ $0
Temporarily Rstr Net Assets$174,708$76,859▼ $97,849
Total Net Assets Fund Balance$2,664,963$2,175,872▼ $489,091
Total Liabilities and Net Assets / Fund Balance$18,556,081$18,235,344▼ $320,737

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$288,476$97,640$386,116
Equipment$33,908$82,636$116,544
Land$91,500-$91,500
Compensation and Service Providers
Top Officer Pay46th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Leroy PachecoPresident/CEOFT$153,000$9,740$162,740

Board Members and Trustees

NameTitle
Herb Crosby PhdChair
Nicholas NagyVice Chair
David AllenDirector
Ida FierroDirector
Justin HorwitzDirector
Kimberly BrusuelasDirector
Leslie QuadeDirector
Mary HerreraDirector
Michael RogholtDirector
Ryan ScottDirector
Suzanne MirabalDirector
Theodore PedroDirector
Russell FoddrillSecretary
David HicksTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$230,202
Program Service Revenue
$928,173
Investment Income
$1,898
Other Revenue
$0
All Other Contributions
$230,202
Change in Net Assets
$-489,092

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,160,273
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,160,273
Total Revenue per Form 990
$1,160,273
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,019,302
Other Expenses$630,063
Total Fundraising Expense$69,348
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$412,397$236,821$35,545$684,763
Interest$338,250--$338,250
Current Officers, Directors, Trustees, and Key Employees$94,958$54,510$8,532$158,000
Office Expenses$50,959$41,681$4,588$97,228
Other Employee Benefits$57,727$33,138$5,186$96,051
Payroll Taxes$38,609$22,239$3,501$64,349
Travel$20,687$4,164$2,105$26,956
Depreciation Depletion$11,028$5,135$2,852$19,015
Fees for Services Accounting$5,266$11,783$1,894$18,943
Pension Plan Contributions$9,700$5,567$872$16,139
Fees for Services Legal$3,910$8,749$1,407$14,066
Insurance-$8,615-$8,615
Other Expenses$6,846$6,213$478$6,846
Total Functional Expenses$1,122,577$457,440$69,348$1,649,365

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Financial Statements$1,649,365
Total Expenses per Form 990$1,649,365
Expenses Not Reported on Form 990$0
Expenses per Audited Statements$0
Total Expenses per Audited Statements$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
Secured Debt$9,216,697
Notes Payable$6,652,012
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 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

“Members of the board receive and review a draft copy of the 990 information return prior to filing.”

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

“The board assesses and enforces necessary procedures related to conflict of interest.”

Form 990, Part VI, Section B, Line 15

“The board of directors reviews and approves compensation and bonuses annually. The president/ceo incorporates compensation information into the annual budget and the board of directors reviews and approves the compensation information in conjunction with approval of the annual budget.”

Form 990, Part VI, Section C, Line 19

“Documents are maintained at the office location and are made available upon request.”

Filing and Contact Details

Filer

Filer Name
New Mexico Community Development
EIN
85-0377424
Phone
5052433196
Address
PO BOX 705, ALBUQUERQUE, NM 87103

Signing Officer

Name
Leroy Pacheco Presidentceo
Title
President/CEO
Phone
5052433196
Signed
2017-07-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Leroy Pacheco
Formed
1989
Legal Domicile
Nm
Voting Board Members
14
Independent Board Members
14
Employees
15
Volunteers
0

Preparer

Firm
Burt & Company Cpas LLC
Address
4101 INDIAN SCHOOL RD NE 440, ALBUQUERQUE, NM 87110
Preparer
Ronald E Schranz
Phone
5052656604
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The organization did not change its oversight or selection process during the tax year.”

Financial Statement Notes

PART X, LINE 2:

“The loan fund is a not-for-profit organization and qualifies as a tax-exempt organization under section 501(c)(3) of the internal revenue code. The loan fund regularly evaluates activities as it relates to its tax exempt status. If the loan fund activities are determined to be outside of its tax exempt status the potential exists for tax liabilities on those unrelated activities. Currently, the loan fund engages in no activities that would be taxed as unrelated business income. Accordingly, no provision for income taxes has been reflected in the loan fund's financial statements. The loan fund's income tax filings are subject to audit by various taxing authorities. The loan fund's open audit periods are for the years ended december 31, 2013 through december 31, 2016. The loan fund adopted the provisions of fass asc 740-10 "accounting for uncertainty in income taxes." the loan fund has not recognized any changes to its financial statements for uncertain tax positions resulting from this adoption.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14PRESIDENT/CEO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01989
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01160273
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt08615
IRS990/InsuranceGrp/TotalAmt08615
IRS990/InterestGrp/ProgramServicesAmt0338250
IRS990/InterestGrp/TotalAmt0338250
IRS990/InvestmentIncomeGrp/ExclusionAmt01898
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01898
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0405547
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0413558
IRS990/IRPDocumentCnt07
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0180276
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0432899
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0413884
IRS990/LandBldgEquipCostOrOtherBssAmt0594160
IRS990/LegalDomicileStateCd0NM
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE LOAN FUND WAS FORMED TO ENCOURAGE AND FACILITATE THE INVESTMENT OF CAPITAL IN LOW-INCOME NEW MEXICO COMMUNITIES THROUGH INDIVIDUALS, RELIGIOUS AND COMMUNITIY ORGANIZATIONS, FOUNDATIONS, GOVERNMENTAL ENTITIES, LENDING INSTITUTIONS AND OTHERS. THE LOAN FUND PLACES PARTICULAR EMPHASIS ON ASSISTING LOW-INCOME, MINORITY AND WOMAN-OWNED BUSINESSES AND THOSE WHO MEET OTHER SPECIAL REQUIREMENTS AND ARE UNABLE TO ACCESS AFFORDABLE LOANS FROM TRADITIONAL SOURCES SUCH AS BANKS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt02664963
IRS990/NetAssetsOrFundBalancesEOYAmt02175872
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt04588
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt041681
IRS990/OfficeExpensesGrp/ProgramServicesAmt050959
IRS990/OfficeExpensesGrp/TotalAmt097228
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt05186
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt033138
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt057727
IRS990/OtherEmployeeBenefitsGrp/TotalAmt096051
IRS990/OtherExpensesGrp/Desc0OUTREACH & DEVELOPMENT
IRS990/OtherExpensesGrp/Desc1REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc2TRAINING
IRS990/OtherExpensesGrp/Desc3LOAN EXPENSES
IRS990/OtherExpensesGrp/FundraisingAmt02388
IRS990/OtherExpensesGrp/FundraisingAmt1478
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01762
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt117063
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt26213
IRS990/OtherExpensesGrp/ProgramServicesAmt061104
IRS990/OtherExpensesGrp/ProgramServicesAmt11896
IRS990/OtherExpensesGrp/ProgramServicesAmt29240
IRS990/OtherExpensesGrp/ProgramServicesAmt36846
IRS990/OtherExpensesGrp/TotalAmt065254
IRS990/OtherExpensesGrp/TotalAmt118959
IRS990/OtherExpensesGrp/TotalAmt215931
IRS990/OtherExpensesGrp/TotalAmt36846
IRS990/OtherLiabilitiesGrp/BOYAmt015704563
IRS990/OtherLiabilitiesGrp/EOYAmt015868709
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt035545
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0236821
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0412397
IRS990/OtherSalariesAndWagesGrp/TotalAmt0684763
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt012934828
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt012488394
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt03501
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt022239
IRS990/PayrollTaxesGrp/ProgramServicesAmt038609
IRS990/PayrollTaxesGrp/TotalAmt064349
IRS990/PensionPlanContributionsGrp/FundraisingAmt0872
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt05567
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt09700
IRS990/PensionPlanContributionsGrp/TotalAmt016139
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0205791
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0205791
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0124240
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0148124
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0LEROY PACHECO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1541900
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/Desc1LOAN AND APPLICATION F
IRS990/ProgramServiceRevenueGrp/Desc2LOAN RECOVERY AND SERV
IRS990/ProgramServiceRevenueGrp/Desc3CHANGE IN LOAN RESERVE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0995606
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt196274
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt24000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3-167707
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0995606
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt196274
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt24000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3-167707
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0277199
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01788
IRS990/PYOtherExpensesAmt0566774
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01274781
IRS990/PYRevenuesLessExpensesAmt0-24487
IRS990/PYSalariesCompEmpBnftPaidAmt01011481
IRS990/PYTotalExpensesAmt01578255
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01553768
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-489092
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0928173
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03276510
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02855804
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0230202
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0277199
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0453355
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0143614
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0364174
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01468544
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01898
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01788
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt03187
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt04361
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt05982
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt017216
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt04597922
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98840
IRS990ScheduleA/PublicSupportPY170Pct00.97560
IRS990ScheduleA/PublicSupportTotal170Amt01468544
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0230202
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0277199
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0453355
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0143614
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0364174
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01468544
IRS990ScheduleA/TotalSupportAmt01485760
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0288476
IRS990ScheduleD/BuildingsGrp/DepreciationAmt097640
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0386116
IRS990ScheduleD/EquipmentGrp/BookValueAmt033908
IRS990ScheduleD/EquipmentGrp/DepreciationAmt082636
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0116544
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01649365
IRS990ScheduleD/ExpensesSubtotalAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt01649365
IRS990ScheduleD/LandGrp/BookValueAmt091500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt091500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06652012
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt19216697
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SECURED DEBT
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01160273
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE LOAN FUND IS A NOT-FOR-PROFIT ORGANIZATION AND QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE LOAN FUND REGULARLY EVALUATES ACTIVITIES AS IT RELATES TO ITS TAX EXEMPT STATUS. IF THE LOAN FUND ACTIVITIES ARE DETERMINED TO BE OUTSIDE OF ITS TAX EXEMPT STATUS THE POTENTIAL EXISTS FOR TAX LIABILITIES ON THOSE UNRELATED ACTIVITIES. CURRENTLY, THE LOAN FUND ENGAGES IN NO ACTIVITIES THAT WOULD BE TAXED AS UNRELATED BUSINESS INCOME. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE LOAN FUND'S FINANCIAL STATEMENTS. THE LOAN FUND'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. THE LOAN FUND'S OPEN AUDIT PERIODS ARE FOR THE YEARS ENDED DECEMBER 31, 2013 THROUGH DECEMBER 31, 2016. THE LOAN FUND ADOPTED THE PROVISIONS OF FASS ASC 740-10 "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES." THE LOAN FUND HAS NOT RECOGNIZED ANY CHANGES TO ITS FINANCIAL STATEMENTS FOR UNCERTAIN TAX POSITIONS RESULTING FROM THIS ADOPTION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0413884

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$18,235,344
Liabilities
$16,059,472
Net assets
$2,175,872
Revenue
$1,160,273
Expenses
$1,649,365
Net income
-$489,092
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$42.5$41.9$0.52$2.41$3.17$0.76
2023Detailed filing. Detailed filing data is available for this year.$42.5$41.3$1.24$2.64$2.83$0.19
2022Detailed filing. Detailed filing data is available for this year.$38.3$36.7$1.58$2.39$2.22$0.17
2021Detailed filing. Detailed filing data is available for this year.$35.2$33.8$1.41$1.99$2.06$0.07
2020Detailed filing. Detailed filing data is available for this year.$30.1$28.6$1.48$1.79$1.91$0.12
2019Detailed filing. Detailed filing data is available for this year.$26.3$24.7$1.60$1.43$1.59$0.16
2018Detailed filing. Detailed filing data is available for this year.$18.3$16.5$1.76$1.32$1.56$0.24
2017Detailed filing. Detailed filing data is available for this year.$18.8$16.8$2.00$1.42$1.59$0.17
2016Detailed filing. Detailed filing data is available for this year.$18.2$16.1$2.18$1.16$1.65$0.49
2015Detailed filing. Detailed filing data is available for this year.$18.6$15.9$2.66$1.55$1.58$0.02
2014Detailed filing. Detailed filing data is available for this year.$17.5$14.9$2.69$1.60$1.57$0.03
2013Detailed filing. Detailed filing data is available for this year.$17.2$14.6$2.55$1.29$1.28$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.9$14.4$2.53$1.35
2011Summary only. Only limited summary data is available for this year.$16.5$14.0$2.47$1.81$1.40$0.40
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.2$14.1$2.07$1.26