Civic Intelligence

Advantage Certified Development Corp

990 • Fiscal year 2014 • EIN 95-3401510

Oct 01, 2013 to Sep 30, 2014 • Filed on Feb 13, 2015

11 Golden Shore90802

(562) 983-7450

Siviq Scores

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

Liabilities / Assets

77th percentile

0.33x

Higher debt load relative to assets than 77% of similar nonprofits.

2014 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

63rd percentile

0.18x

Higher debt load relative to revenue than 63% of similar nonprofits.

2014 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2014

Net Margin

16th percentile

-14%

Higher net margin than 16% of similar nonprofits.

2014 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

95th percentile

$130,325

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 20.2% of source-year revenue.

2014 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2014

Asset Growth

7th percentile

-17%

Faster asset growth than 7% of similar nonprofits.

2014 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

15th percentile

-18%

Faster revenue growth than 15% of similar nonprofits.

2014 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Assets

Down

$347,112

Down $72,299 (-17%) from 2013

Net Assets

Down

$234,145

Down $88,817 (-28%) from 2013

Liabilities

Up

$112,967

Up $16,518 (+17%) from 2013

Revenue

Down

$643,881

Down $137,252 (-18%) from 2013

Expenses

Down

$732,698

Down $47,303 (-6.1%) from 2013

Net Income

Down

-$88,817

Down $89,949 (-7946%) from 2013

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $396,423Liabilities 2011: $101,198Net Assets 2011: $295,2252011Assets 2012: $412,310Liabilities 2012: $90,480Net Assets 2012: $321,8302012Assets 2013: $419,411Liabilities 2013: $96,449Net Assets 2013: $322,9622013Assets 2014: $347,112Liabilities 2014: $112,967Net Assets 2014: $234,1452014Assets 2015: $179,557Liabilities 2015: $94,060Net Assets 2015: $85,4972015Assets 2016: $145,964Liabilities 2016: $28,570Net Assets 2016: $117,3942016Assets 2017: $279,960Liabilities 2017: $116,100Net Assets 2017: $163,8602017Assets 2018: $273,514Liabilities 2018: $67,325Net Assets 2018: $206,1892018Assets 2019: $465,959Liabilities 2019: $168,567Net Assets 2019: $297,3922019Assets 2020: $758,095Liabilities 2020: $338,979Net Assets 2020: $419,1162020Assets 2021: $834,076Liabilities 2021: $316,009Net Assets 2021: $518,0672021Assets 2022: $811,817Liabilities 2022: $460,025Net Assets 2022: $351,7922022Assets 2023: $1,011,815Liabilities 2023: $562,515Net Assets 2023: $449,3002023Assets 2024: $1,602,445Liabilities 2024: $1,034,280Net Assets 2024: $568,1652024

Highlighted filing

2014

Assets$347,112
Liabilities$112,967
Net Assets$234,145

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2011: $772,105Expenses 2011: $945,925Net Income 2011: -$173,8202011Revenue 2012: $809,228Expenses 2012: $782,623Net Income 2012: $26,6052012Revenue 2013: $781,133Expenses 2013: $780,001Net Income 2013: $1,1322013Revenue 2014: $643,881Expenses 2014: $732,698Net Income 2014: -$88,8172014Revenue 2015: $591,977Expenses 2015: $740,625Net Income 2015: -$148,6482015Revenue 2016: $522,241Expenses 2016: $490,344Net Income 2016: $31,8972016Revenue 2017: $728,646Expenses 2017: $682,180Net Income 2017: $46,4662017Revenue 2018: $594,471Expenses 2018: $552,142Net Income 2018: $42,3292018Revenue 2019: $846,624Expenses 2019: $755,421Net Income 2019: $91,2032019Revenue 2020: $974,993Expenses 2020: $853,269Net Income 2020: $121,7242020Revenue 2021: $1,135,970Expenses 2021: $1,037,019Net Income 2021: $98,9512021Revenue 2022: $1,126,156Expenses 2022: $1,198,483Net Income 2022: -$72,3272022Revenue 2023: $1,367,102Expenses 2023: $1,232,423Net Income 2023: $134,6792023Revenue 2024: $1,648,365Expenses 2024: $1,636,028Net Income 2024: $12,3372024

Highlighted filing

2014

Revenue$643,881
Expenses$732,698
Net Income-$88,817
Jump To
Filing Snapshot
Filing Period
Oct 1, 2013 to Sep 30, 2014
Signed
Feb 13, 2015
Return Version
2013v4.0
Gross Receipts
$643,881
Mission and Program Overview

Mission

The organization assists in the economic development activities in california.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$177,080$150,003▼ $27,077
Savings and Temporary Cash Investments$184,723$137,567▼ $47,156
Land, Buildings, and Equipment, Net$18,720$33,277▲ $14,557
Prepaid Expenses and Deferred Charges$32,394$19,771▼ $12,623
Cash and Non-Interest-Bearing Accounts-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$419,411$347,112▼ $72,299
Other Assets Total$6,494$6,494→ $0
Liabilities
Accounts Payable and Accrued Expenses$96,449$112,967▲ $16,518
Total Liabilities$96,449$112,967▲ $16,518
Net Assets / Fund Balance
Unrestricted Net Assets$322,962$234,145▼ $88,817
Total Net Assets Fund Balance$322,962$234,145▼ $88,817
Total Liabilities and Net Assets / Fund Balance$419,411$347,112▼ $72,299

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$22,996$107,602$130,598
Other Land Buildings$9,102$59,642$68,744
Leasehold Improvements$1,179$3,588$4,767
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Regina Grant PetersonPresidentFT$123,125$7,200$130,325

Board Members and Trustees

NameTitle
Jeffery R SpinelliChairperson
Gloria MillerVice Chairpersn
Carol NelsonDirector
Dr Jari FaisonDirector
Hoyt HochmanDirector
Jeff CoburnDirector
Oscar EdwardsDirector
Rachel ZippwaldDirector
Fred T WestbergAsst. Secretary
Fred D JensenAsst. Treasurer
Theodore HildrethTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$643,659
Investment Income
$222
Other Revenue
$0
Change in Net Assets
$-88,817

Audited Revenue Reconciliation

Revenue per Audited Statements
$643,881
Total Revenue per Audited Statements
$643,881
Total Revenue per Form 990
$643,881
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$505,168
Other Expenses$227,530
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$239,191$59,798-$298,989
Current Officers, Directors, Trustees, and Key Employees$99,257$24,814-$124,071
Occupancy$45,977$22,646-$68,623
Other Employee Benefits$39,069$9,767-$48,836
Payroll Taxes$26,618$6,654-$33,272
All Other Expenses$23,716$2,716-$26,432
Conferences and Meetings$10,536$4,515-$15,051
Other Expenses$9,671$13,279-$13,279
Office Expenses$11,854$1,317-$13,171
Insurance$12,689--$12,689
Depreciation Depletion-$11,064-$11,064
Fees for Services Accounting-$10,250-$10,250
Travel$6,434$2,757-$9,191
Total Functional Expenses$553,403$179,295$0$732,698

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$732,698
Total Expenses per Audited Statements$732,698
Total Expenses per Form 990$732,698
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

The corporation conducted business transactions with certain directors and officers of the corporations's board of directors. These activities included business and legal consultation services and were carried out at arm's length.

Form 990, Part VI, Line 4: Description of Significant Changes to Organizational Documents

Effective May 21, 2014, the Corporation amended its bylaws since the U.S. Small Business Administration no longer requires CERTIFIED Development Corporations WHICH ARE LICENSED AND CERTIFIED BY THE SBA AS LOAN PACKAGING AND PLACEMENT PROVIDERS AND DIRECT LENDERS to have a voting class of membership. Previously, the Corporation was required to have a minimum of 25 members that met certain qualifications. The members were admitted by approval of the Board of Directors AS WELL AS THE GENERAL MEMBERSHIP. Membership was personal, non-assessable, non transferable and had no right of interest in any property or assets of the Corporation, and they were not liable for any Corporate debts. Previously Directors were required to be members of the Corporation.Under the new Bylaws, only directors are qualified to hold office and the Corporation shall have not less than 9 and not more than 25 directors. Directors shall be elected by a majority vote of directors at the annual meeting. The Directors elect a Chairperson, Vice Chairperson, Treasurer, Assistant Treasurer, Secretary and Assistant Secretary which are all noncompensated, volunteer positions. Also, the title of the officers have changed and now include the positions of Chairperson and Vice Chairperson.Previously, the position of Executive Director was not an officer and/or director position. However, the President is now the Chief Executive OfficeR of the Corporation and is the only position that may be compensated and reports to the Chairperson, the Board of Directors and/or the Executive Committee of the board.

Form 990, Part VI, Line 11B: Form 990 Review Process

The 990 is provided to the members of the board of directors for review at their convenience.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Monitoring and enforcement of the conflict of interest policy is done through written notices.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The board of directors are knowledgeable of both the financial/lending industry and comparable not for profit organizations. They use this knowledge to ensure that salaries are neither excessive nor unreasonable when the salaries are reviewed and approved.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The documents are made available upon request.

Filing and Contact Details

Filer

EIN
95-3401510
Phone
5629837450

Signing Officer

Name
Regina Grant Peterson
Title
President
Signed
2015-02-13
Discuss with paid preparer
Yes

Organization Details

Formed
1979
Legal Domicile
CA
Voting Board Members
12
Independent Board Members
11
Employees
9
Volunteers
46

Preparer

Preparer
Mark Gray CPA
Phone
5624980997
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The Corporation recognizes the financial statement benefit of tax positions, such as filing status of tax exempt, only after determining that the relevant tax authority would more likely than not sustain the position following the audit. It is subject to potential income tax audits on open tax years by any taxing jurisdiction in which it operates. The statute of limitations for federal and California purposes is generally three and four years, respectively.

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IRS990/InsuranceGrp/TotalAmt012689
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt0222
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0222
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0170832
IRS990/LandBldgEquipBasisNetGrp/BOYAmt018720
IRS990/LandBldgEquipBasisNetGrp/EOYAmt033277
IRS990/LandBldgEquipCostOrOtherBssAmt0204109
IRS990/LegalDomicileStateCd0CA
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE ORGANIZATION ASSISTS IN THE ECONOMIC DEVELOPMENT ACTIVITIES IN CALIFORNIA.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0322962
IRS990/NetAssetsOrFundBalancesEOYAmt0234145
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt022646
IRS990/OccupancyGrp/ProgramServicesAmt045977
IRS990/OccupancyGrp/TotalAmt068623
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01317
IRS990/OfficeExpensesGrp/ProgramServicesAmt011854
IRS990/OfficeExpensesGrp/TotalAmt013171
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt06494
IRS990/OtherAssetsTotalGrp/EOYAmt06494
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt09767
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt039069
IRS990/OtherEmployeeBenefitsGrp/TotalAmt048836
IRS990/OtherExpensesGrp/Desc0OUTSIDE SERVICES
IRS990/OtherExpensesGrp/Desc1Printing and Publications
IRS990/OtherExpensesGrp/Desc2TELEPHONE
IRS990/OtherExpensesGrp/Desc3REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01946
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13627
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt24145
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt313279
IRS990/OtherExpensesGrp/ProgramServicesAmt017510
IRS990/OtherExpensesGrp/ProgramServicesAmt110881
IRS990/OtherExpensesGrp/ProgramServicesAmt29671
IRS990/OtherExpensesGrp/TotalAmt019456
IRS990/OtherExpensesGrp/TotalAmt114508
IRS990/OtherExpensesGrp/TotalAmt213816
IRS990/OtherExpensesGrp/TotalAmt313279
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt059798
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0239191
IRS990/OtherSalariesAndWagesGrp/TotalAmt0298989
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06654
IRS990/PayrollTaxesGrp/ProgramServicesAmt026618
IRS990/PayrollTaxesGrp/TotalAmt033272
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt032394
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt019771
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0LOAN PROCESSING AND SERVI
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0643659
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0643659
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0615
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0217301
IRS990/PYProgramServiceRevenueAmt0780518
IRS990/PYRevenuesLessExpensesAmt01132
IRS990/PYSalariesCompEmpBnftPaidAmt0562700
IRS990/PYTotalExpensesAmt0780001
IRS990/PYTotalRevenueAmt0781133
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-88817
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0643659
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0184723
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0137567
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt022996
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0107602
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0130598
IRS990ScheduleD/ExpensesSubtotalAmt0732698
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01179
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt03588
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt04767
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt09102
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt059642
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt068744
IRS990ScheduleD/RevenueSubtotalAmt0643881
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Corporation recognizes the financial statement benefit of tax positions, such as filing status of tax exempt, only after determining that the relevant tax authority would more likely than not sustain the position following the audit. It is subject to potential income tax audits on open tax years by any taxing jurisdiction in which it operates. The statute of limitations for federal and California purposes is generally three and four years, respectively.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt033277
IRS990ScheduleD/TotalExpensesPerForm990Amt0732698
IRS990ScheduleD/TotalRevenuePerForm990Amt0643881
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0643881
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0732698
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION CONDUCTED BUSINESS TRANSACTIONS WITH CERTAIN DIRECTORS AND OFFICERS OF THE CORPORATIONS'S BOARD OF DIRECTORS. THESE ACTIVITIES INCLUDED BUSINESS AND LEGAL CONSULTATION SERVICES AND WERE CARRIED OUT AT ARM'S LENGTH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Effective May 21, 2014, the Corporation amended its bylaws since the U.S. Small Business Administration no longer requires CERTIFIED Development Corporations WHICH ARE LICENSED AND CERTIFIED BY THE SBA AS LOAN PACKAGING AND PLACEMENT PROVIDERS AND DIRECT LENDERS to have a voting class of membership. Previously, the Corporation was required to have a minimum of 25 members that met certain qualifications. The members were admitted by approval of the Board of Directors AS WELL AS THE GENERAL MEMBERSHIP. Membership was personal, non-assessable, non transferable and had no right of interest in any property or assets of the Corporation, and they were not liable for any Corporate debts. Previously Directors were required to be members of the Corporation.Under the new Bylaws, only directors are qualified to hold office and the Corporation shall have not less than 9 and not more than 25 directors. Directors shall be elected by a majority vote of directors at the annual meeting. The Directors elect a Chairperson, Vice Chairperson, Treasurer, Assistant Treasurer, Secretary and Assistant Secretary which are all noncompensated, volunteer positions. Also, the title of the officers have changed and now include the positions of Chairperson and Vice Chairperson.Previously, the position of Executive Director was not an officer and/or director position. However, the President is now the Chief Executive OfficeR of the Corporation and is the only position that may be compensated and reports to the Chairperson, the Board of Directors and/or the Executive Committee of the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The 990 is provided to the members of the board of directors for review at their convenience.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MONITORING AND ENFORCEMENT OF THE CONFLICT OF INTEREST POLICY IS DONE THROUGH WRITTEN NOTICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS ARE KNOWLEDGEABLE OF BOTH THE FINANCIAL/LENDING INDUSTRY AND COMPARABLE NOT FOR PROFIT ORGANIZATIONS. THEY USE THIS KNOWLEDGE TO ENSURE THAT SALARIES ARE NEITHER EXCESSIVE NOR UNREASONABLE WHEN THE SALARIES ARE REVIEWED AND APPROVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 4: Description of Significant Changes to Organizational Documents
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0419411
IRS990/TotalAssetsEOYAmt0347112
IRS990/TotalAssetsGrp/BOYAmt0419411
IRS990/TotalAssetsGrp/EOYAmt0347112
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0179295
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0553403
IRS990/TotalFunctionalExpensesGrp/TotalAmt0732698
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt096449
IRS990/TotalLiabilitiesEOYAmt0112967
IRS990/TotalLiabilitiesGrp/BOYAmt096449
IRS990/TotalLiabilitiesGrp/EOYAmt0112967
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0322962
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0234145
IRS990/TotalOtherCompensationAmt07200
IRS990/TotalProgramServiceExpensesAmt0553403
IRS990/TotalProgramServiceRevenueAmt0643659
IRS990/TotalReportableCompFromOrgAmt0123125
IRS990/TotalRevenueGrp/ExclusionAmt0222
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0643659
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0643881

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.60$1.03$0.57$1.65$1.64$0.01
2023Summary only. Only limited summary data is available for this year.$1.01$0.56$0.45$1.37$1.23$0.13
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.81$0.46$0.35$1.13$1.20$0.07
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.83$0.32$0.52$1.14$1.04$0.10
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.76$0.34$0.42$0.97$0.85$0.12
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.47$0.17$0.30$0.85$0.76$0.09
2018Summary only. Only limited summary data is available for this year.$0.27$0.07$0.21$0.59$0.55$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.28$0.12$0.16$0.73$0.68$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.15$0.03$0.12$0.52$0.49$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.18$0.09$0.09$0.59$0.74$0.15
2014Detailed filing. Detailed filing data is available for this year.$0.35$0.11$0.23$0.64$0.73$0.09
2013Summary only. Only limited summary data is available for this year.$0.42$0.10$0.32$0.78$0.78$0.00
2012Summary only. Only limited summary data is available for this year.$0.41$0.09$0.32$0.81$0.78$0.03
2011Summary only. Only limited summary data is available for this year.$0.40$0.10$0.30$0.77$0.95$0.17