NEW HAMPSHIRE COMMUNITY LOAN FUND: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- NEW HAMPSHIRE COMMUNITY LOAN FUND (EIN 22-2524015)
- Tax period
- 2023-07-01 to 2024-06-30
- Filed
- 2024-12-03
- IRS object ID
- 202433389349300333
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule G
- Schedule I
- Schedule J
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-12-03T16:53:02-06:00 | ReturnTs |
| Tax Period End | 2024-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 042571780 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | AAFCPAS INC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 50 WASHINGTON STREET | AddressLine1Txt |
| City | WESTBOROUGH | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01581 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 222524015 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NEW HAMPSHIRE COMMUNITY LOAN FUND INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NEWH | BusinessNameControlTxt |
| Phone | 6032246669 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7 WALL STREET | AddressLine1Txt |
| City | CONCORD | CityNm |
| State Abbreviation | NH | StateAbbreviationCd |
| ZIP | 03301 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | STEVE SALTZMAN | PersonNm |
| Person Title | PRESIDENT AND CEO | PersonTitleTxt |
| Phone | 6032246669 | PhoneNum |
| Signature | 2024-11-07 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MATTHEW MCGINNIS CPA | PreparerPersonNm |
| PTIN | P01585083 | PTIN |
| Phone | 5083669100 | PhoneNum |
| Preparation | 2024-11-07 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | STEVE SALTZMAN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7 WALL STREET | AddressLine1Txt |
| City | CONCORD | CityNm |
| State Abbreviation | NH | StateAbbreviationCd |
| ZIP | 03301 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $28,234,948 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.COMMUNITYLOANFUND.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1983 | FormationYr |
| Legal Domicile State | NH | LegalDomicileStateCd |
| Activity Or Mission | OUR MISSSION IS TO PROVIDE SYSTEMATICALLY EXCLUDED PEOPLE AND COMMUNITIES, IN NEW HAMPSHIRE AND BEYOND, WITH THE FINANCIAL, HUMAN, AND CIVIC RESOURCES THEY NEED TO BE ECONOMICALLY SECURE. WE DO THIS BY PROVIDING LOANS, CAPITAL, AND COACHING;COMPLEMENTING AND EXTENDING THE REACH OF CONVENTIONAL LENDERS ANDPUBLIC INSTITUTIONS; AND BRINGING PEOPLE AND INSTITUTIONS TOGETHER TOSOLVE PROBLEMS. OUR CORE FOCUS AREAS ARE AFFORDABLE HOMEOWNERSHIP, QUALITY JOB CREATION AND PRESERVATION, ENERGY EFFICIENCY SOLUTIONS, AND ACCESS TO CHILDCARE.ESTABLISHED IN 1983, THE COMMUNITY LOAN FUND WAS ONE OF THE FIRSTCOMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS IN THE NATION AND ISRECOGNIZED AS A NATIONAL LEADER FOR ITS INNOVATION, SOCIAL IMPACT,FINANCIAL STRENGTH, AND PERFORMANCE. THE COMMUNITY LOAN FUND WAS THE2009 RECIPIENT OF THE NEXT AWARD FOR OPPORTUNITY FINANCE, THE HIGHESTHONOR IN OUR FIELD. | ActivityOrMissionDesc |
| Voting Members Governing Body | 17 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 16 | VotingMembersIndependentCnt |
| Total Employee | 62 | TotalEmployeeCnt |
| Total Volunteers | 21 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $3,518,824 | PYContributionsGrantsAmt |
| CY Contributions Grants | $10,855,047 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $10,876,065 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $14,536,098 | CYProgramServiceRevenueAmt |
| PY Investment Income | $252,142 | PYInvestmentIncomeAmt |
| CY Investment Income | $859,613 | CYInvestmentIncomeAmt |
| PY Other Revenue | $93,632 | PYOtherRevenueAmt |
| CY Other Revenue | $1,764,593 | CYOtherRevenueAmt |
| PY Total Revenue | $14,740,663 | PYTotalRevenueAmt |
| CY Total Revenue | $28,015,351 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $553,124 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $6,889,013 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $5,387,653 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $5,971,173 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $409,740 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $6,340,559 | PYOtherExpensesAmt |
| CY Other Expenses | $7,824,827 | CYOtherExpensesAmt |
| PY Total Expenses | $12,281,336 | PYTotalExpensesAmt |
| CY Total Expenses | $20,685,013 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $2,459,327 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $7,330,338 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $189,182,393 | TotalAssetsBOYAmt |
| Total Assets EOY | $220,225,049 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $148,233,689 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $163,402,410 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $40,948,704 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $56,822,639 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | OUR MISSSION IS TO PROVIDE SYSTEMATICALLY EXCLUDED PEOPLE AND COMMUNITIES, IN NEW HAMPSHIRE AND BEYOND, WITH THE FINANCIAL, HUMAN, AND CIVIC RESOURCES THEY NEED TO BE ECONOMICALLY SECURE.WE DO THIS BY PROVIDING LOANS, CAPITAL AND TECHNICAL ASSISTANCE; COMPLEMENTING AND EXTENDING THE REACH OF CONVENTIONAL LENDERS AND PUBLIC INSTITUTIONS; AND BRINGING PEOPLE AND INSTITUTIONS TOGETHER TO SOLVE PROBLEMS.ESTABLISHED IN 1983, THE COMMUNITY LOAN FUND WAS ONE OF THE FIRST COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS IN THE NATION AND IS RECOGNIZED AS A NATIONAL LEADER FOR ITS INNOVATION, SOCIAL IMPACT, FINANCIAL STRENGTH AND PERFORMANCE. THE COMMUNITY LOAN FUND WAS THE 2009 RECIPIENT OF THE NEXT AWARD FOR OPPORTUNITY FINANCE, THE HIGHEST HONOR IN OUR FIELD. | MissionDesc |
| Significant New Program Srvc | Yes (1) | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $4,362,675 | ExpenseAmt |
| Grant | $6,500 | GrantAmt |
| Revenue | $12,822,397 | RevenueAmt |
| Desc | AFFORDABLE HOUSING - SEE SCHEDULE O | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $5,435,694 | ExpenseAmt |
| Desc | CAPITALIZATION AND PHILANTHROPY - SEE SCHEDULE O | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $9,418,664 | ExpenseAmt |
| Grant | $6,882,513 | GrantAmt |
| Revenue | $3,278,528 | RevenueAmt |
| Desc | BUSINESS FINANCE - SEE SCHEDULE O | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp (2 entries)
| ExpenseExpenseAmt | RevenueRevenueAmt | DescDesc |
|---|---|---|
| $143,040 | $183,415 | 1. SINCE 1984, OUR COMMUNITY SERVICES FINANCING HAS SUPPORTED ESSENTIAL SERVICES, INCLUDING CENTER- AND HOME-BASED CHILD DEVELOPMENT SERVICES, BY HELPING NONPROFIT ORGANIZATIONS BUY, RENOVATE, OR BUILD FACILITIES. THE COMMUNITY LOAN FUND HAS MADE 136 COMMUNITY SERVICES LOANS TOTALING OVER $36.8 MILLION. IN FY2024, THE COMMUNITY LOAN FUND MADE 3 COMMUNITY SERVICES LOANS FOR $876,000.2. SINCE 2023, USDA IS PARTNERING WITH THE COMMUNITY LOAN FUND TO MAKE AVAILABLE $186,705,000 IN GRANTS THROUGH TWO NATION-WIDE PROGRAMS: THE LOCAL MEAT CAPACITY GRANT PROGRAM AND THE MEAT AND POULTRY PROCESSING EXPANSION PROGRAM. THE PROGRAMS AIM TO PROMOTE FAIRER, MORE COMPETITIVE AND MORE RESILIENT MEAT AND POULTRY SUPPLY CHAINS. THE COMMUNITY LOAN FUND WILL HELP USDA ADMINISTER THE PASS THROUGH GRANTS OVER SIX YEARS (2024-2029). THESE REGRANTING ACTIVTIES ARE MANAGED UNDER THE COMMUNITY LOAN FUND'S SUSTAINABLE FOOD SYSTEMS PROGRAM (SFSP). IN FY2024, THE COMMUNITY LOAN FUND DISBURSED $6,882,513 IN PASS THROUGH GRANTS. |
| $11,985 | OTHER PROGRAMS |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $143,040 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Revenue | $195,400 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $19,360,073 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (1) | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 534 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 62 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 17 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 16 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NH | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BONNIE SCADOVA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6032246669 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7 WALL STREET | AddressLine1Txt |
| City | CONCORD | CityNm |
| State Abbreviation | NH | StateAbbreviationCd |
| ZIP | 03301 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (27 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| STEVE SALTZMAN | |||||||
| PRESIDENT & CEO | 40.00 | Yes (X) | Yes (X) | $217,829 | $0 | $31,824 | |
| KATHLEEN REARDON | |||||||
| TREASURER | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| JAMIE RICHARDSON | |||||||
| BOARD CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| ANDRE GARRON | |||||||
| VICE TREASURER | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| BETSY MCNAMARA | |||||||
| CHAIR (UNTIL 12/23) | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| SID PRABHAKAR | |||||||
| VICE CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| KIM CAPEN | |||||||
| VICE TREASURER (UNTIL 12/23) | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| JIM KEROUAC | |||||||
| SECRETARY | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| LIZ LAROSE | |||||||
| VICE SECRETARY | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| PAULA ROGERS | |||||||
| SECRETARY (UNTIL 12/23) | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| MICHAEL SWACK | |||||||
| EMERITUS | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ALI SEKOU | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DON BRUEGGEMANN | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MARK FICKLE | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JOSEPH GERAKOS | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| PAMELA ROTHGABER | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| VICTORIA STAUNCHES | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| COLBY MEEHAN | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| LIONEL LOVELESS | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| RUDY GLOCKER | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ALLISON GRAPPONE | |||||||
| MEMBER (UNTIL 11/23) | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| PAM LAFLAMME | |||||||
| MEMBER (UNTIL 12/23) | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| BONNIE SCADOVA | |||||||
| CHIEF FINANCIAL OFFICER | 40.00 | Yes (X) | $193,243 | $0 | $29,471 | ||
| KATHARINE COTE | |||||||
| VP OF EXTERNAL RELATIONS | 40.00 | $112,759 | $0 | $20,686 | Yes (X) | ||
| SARAH MARCHANT | |||||||
| CHIEF OF STAFF & VP OF ROC | 40.00 | $154,757 | $0 | $33,176 | Yes (X) | ||
| KATHLEEN PARADIS | |||||||
| VP OF RESIDENTIAL LENDING & COMPLIANCE | 40.00 | $109,475 | $0 | $36,940 | Yes (X) | ||
| LORI ALBERT | |||||||
| CONTROLLER | 40.00 | $101,883 | $0 | $27,685 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $889,946 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $179,782 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 6 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $1,320 | FundraisingAmt |
| Government Grants | $9,704,352 | GovernmentGrantsAmt |
| All Other Contributions | $1,149,375 | AllOtherContributionsAmt |
| Noncash Contributions | $298,930 | NoncashContributionsAmt |
| Total Contributions | $10,855,047 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| INTEREST FROM LOANS | 531390 | $11,596,558 | $11,596,558 |
| GRANT ADMINISTRATION FEES | 531390 | $2,451,348 | $2,451,348 |
| LOAN RELATED FEES | 531390 | $425,104 | $425,104 |
| TRAINING AND OTHER FEES | 531390 | $63,088 | $63,088 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $14,536,098 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $888,436 | TotalRevenueColumnAmt |
| Exclusion | $888,436 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $3,750 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $3,750 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,750 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $3,750 | RelatedOrExemptFuncIncomeAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $167,360 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $196,183 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -$28,823 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$28,823 | TotalRevenueColumnAmt |
| Exclusion | -$28,823 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $27,780 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $1,320 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $23,414 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,366 | TotalRevenueColumnAmt |
| Exclusion | $4,366 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PROGRAM RELATED DEV. INVEST. | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $1,756,477 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,756,477 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,756,477 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $28,015,351 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $16,296,325 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $863,979 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,889,013 | TotalAmt |
| Program Services | $6,889,013 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $519,356 | TotalAmt |
| Program Services | $307,013 | ProgramServicesAmt |
| Management And General | $186,375 | ManagementAndGeneralAmt |
| Fundraising | $25,968 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,365,957 | TotalAmt |
| Program Services | $3,997,510 | ProgramServicesAmt |
| Management And General | $155,992 | ManagementAndGeneralAmt |
| Fundraising | $212,455 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $243,580 | TotalAmt |
| Program Services | $224,253 | ProgramServicesAmt |
| Management And General | $7,400 | ManagementAndGeneralAmt |
| Fundraising | $11,927 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $487,597 | TotalAmt |
| Program Services | $440,073 | ProgramServicesAmt |
| Management And General | $24,771 | ManagementAndGeneralAmt |
| Fundraising | $22,753 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $354,683 | TotalAmt |
| Program Services | $314,621 | ProgramServicesAmt |
| Management And General | $23,062 | ManagementAndGeneralAmt |
| Fundraising | $17,000 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $114,766 | TotalAmt |
| Program Services | $108,670 | ProgramServicesAmt |
| Management And General | $5,467 | ManagementAndGeneralAmt |
| Fundraising | $629 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $105,305 | TotalAmt |
| Program Services | $76,196 | ProgramServicesAmt |
| Management And General | $26,068 | ManagementAndGeneralAmt |
| Fundraising | $3,041 | FundraisingAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $91,038 | TotalAmt |
| Program Services | $91,038 | ProgramServicesAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $834,470 | TotalAmt |
| Program Services | $669,761 | ProgramServicesAmt |
| Management And General | $146,904 | ManagementAndGeneralAmt |
| Fundraising | $17,805 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,373 | TotalAmt |
| Program Services | $8,352 | ProgramServicesAmt |
| Management And General | $19 | ManagementAndGeneralAmt |
| Fundraising | $2 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $603,538 | TotalAmt |
| Program Services | $436,189 | ProgramServicesAmt |
| Management And General | $80,734 | ManagementAndGeneralAmt |
| Fundraising | $86,615 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $43,087 | TotalAmt |
| Program Services | $32,367 | ProgramServicesAmt |
| Management And General | $9,508 | ManagementAndGeneralAmt |
| Fundraising | $1,212 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $150,756 | TotalAmt |
| Program Services | $85,565 | ProgramServicesAmt |
| Management And General | $63,065 | ManagementAndGeneralAmt |
| Fundraising | $2,126 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $140,226 | TotalAmt |
| Program Services | $131,210 | ProgramServicesAmt |
| Management And General | $8,030 | ManagementAndGeneralAmt |
| Fundraising | $986 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $47,943 | TotalAmt |
| Program Services | $46,964 | ProgramServicesAmt |
| Management And General | $872 | ManagementAndGeneralAmt |
| Fundraising | $107 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,510,318 | TotalAmt |
| Program Services | $4,510,318 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $261,162 | TotalAmt |
| Program Services | $150,639 | ProgramServicesAmt |
| Management And General | $106,919 | ManagementAndGeneralAmt |
| Fundraising | $3,604 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $142,163 | TotalAmt |
| Program Services | $83,480 | ProgramServicesAmt |
| Management And General | $56,770 | ManagementAndGeneralAmt |
| Fundraising | $1,913 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| LOAN LOSS PROVISION | $536,805 | $536,805 | ||
| STAFF TRAINING | $104,537 | $89,696 | $13,244 | $1,597 |
| TECHNICAL ASSISTANCE | $74,833 | $74,833 | ||
| PROVISION FOR CREDIT LO | $55,507 | $55,507 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,685,013 | TotalAmt |
| Program Services | $19,360,073 | ProgramServicesAmt |
| Management And General | $915,200 | ManagementAndGeneralAmt |
| Fundraising | $409,740 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,123,354 | BOYAmt |
| EOY | $20,359,033 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $993,131 | BOYAmt |
| EOY | $1,369,819 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $680,746 | BOYAmt |
| EOY | $822,166 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $176,118 | BOYAmt |
| EOY | $257,591 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $6,433,468 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $2,980,931 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,656,870 | BOYAmt |
| EOY | $3,452,537 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,589,240 | BOYAmt |
| EOY | $2,000,647 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $166,802,934 | BOYAmt |
| EOY | $191,898,256 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $160,000 | BOYAmt |
| EOY | $65,000 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $189,182,393 | BOYAmt |
| EOY | $220,225,049 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,991,377 | BOYAmt |
| EOY | $2,191,268 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $204,522 | BOYAmt |
| EOY | $186,958 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $133,388,919 | BOYAmt |
| EOY | $149,332,953 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,648,871 | BOYAmt |
| EOY | $11,691,231 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $148,233,689 | BOYAmt |
| EOY | $163,402,410 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,771,274 | BOYAmt |
| EOY | $44,364,266 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,177,430 | BOYAmt |
| EOY | $12,458,373 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $40,948,704 | BOYAmt |
| EOY | $56,822,639 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $189,182,393 | BOYAmt |
| EOY | $220,225,049 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $7,330,338 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$274,499 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $8,818,096 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,630,489 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,857,705 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,915,040 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,626,783 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $10,855,047 | CurrentTaxYearAmt |
| Total | $23,885,064 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,630,489 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,857,705 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,915,040 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,626,783 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $10,855,047 | CurrentTaxYearAmt |
| Total | $23,885,064 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $5,878 | SubstantialContributorsTotAmt |
| Public Support Total170 | $23,879,186 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $325,648 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $200,388 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $189,911 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $265,142 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $892,186 | CurrentTaxYearAmt |
| Total | $1,873,275 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $25,758,339 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $58,881,582 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.92700 | PublicSupportCY170Pct |
| Public Support PY170 | 0.89370 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
Total Grassroots Lobbying TotalGrassrootsLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $2,417 | FilingOrganizationsTotalAmt |
Total Direct Lobbying TotalDirectLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $88,621 | FilingOrganizationsTotalAmt |
Total Lobbying Expend TotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $91,038 | FilingOrganizationsTotalAmt |
Other Exempt Purpose Expend OtherExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $20,589,841 | FilingOrganizationsTotalAmt |
Total Exempt Purpose Expend TotalExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $20,680,879 | FilingOrganizationsTotalAmt |
Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $1,000,000 | FilingOrganizationsTotalAmt |
Grassroots Nontaxable GrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $250,000 | FilingOrganizationsTotalAmt |
Tot Lbbyng Grassroot Mns Non Tx TotLbbyngGrassrootMnsNonTxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Tot Lbby Expend Mns Lbbyng Non Tx TotLbbyExpendMnsLbbyngNonTxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $696,338 | CurrentYearMinus3Amt |
| Current Year Minus2 | $696,509 | CurrentYearMinus2Amt |
| Current Year Minus1 | $764,067 | CurrentYearMinus1Amt |
| Current Year | $1,000,000 | CurrentYearAmt |
| Total | $3,156,914 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lobbying Ceiling | $4,735,371 | LobbyingCeilingAmt |
Avg Total Lobbying Expend AvgTotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $250 | CurrentYearMinus3Amt |
| Current Year Minus2 | $58,375 | CurrentYearMinus2Amt |
| Current Year Minus1 | $85,735 | CurrentYearMinus1Amt |
| Current Year | $91,038 | CurrentYearAmt |
| Total | $235,398 | TotalAmt |
Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $174,085 | CurrentYearMinus3Amt |
| Current Year Minus2 | $174,127 | CurrentYearMinus2Amt |
| Current Year Minus1 | $191,017 | CurrentYearMinus1Amt |
| Current Year | $250,000 | CurrentYearAmt |
| Total | $789,229 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grassroots Ceiling | $1,183,844 | GrassrootsCeilingAmt |
Avg Grassroots Lobbying Expend AvgGrassrootsLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus2 | $17,475 | CurrentYearMinus2Amt |
| Current Year Minus1 | $2,977 | CurrentYearMinus1Amt |
| Current Year | $2,417 | CurrentYearAmt |
| Total | $22,869 | TotalAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | 0 | InclEscrowCustodialAcctLiabInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $321,461 | OtherCostOrOtherBasisAmt |
| Book Value | $321,461 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,968,816 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,092,940 | DepreciationAmt |
| Book Value | $2,875,876 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,143,191 | OtherCostOrOtherBasisAmt |
| Depreciation | $887,991 | DepreciationAmt |
| Book Value | $255,200 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $3,452,537 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (3 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| LOANS RECEIVABLE | $186,603,825 | C |
| ROC USA | $5,029,452 | F |
| OTHER PROGRAM-RELATED EQUITY INVESTMENTS | $264,979 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $191,898,256 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| EQUITY EQUIVALENTS PAYABLE | $11,600,000 |
| NON-RECOURSE PARTICIPATION | $35,724 |
| ALLOWANCE FOR UNFUNDED COMMITMENTS - CREDIT LOSSES | $55,507 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $11,691,231 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $15,776,757 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$274,499 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$11,987,509 | OtherRevenueAmt |
| Revenue Not Reported | -$12,262,008 | RevenueNotReportedAmt |
| Revenue Subtotal | $28,038,765 | RevenueSubtotalAmt |
| Other Revenues Not Included | -$23,414 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | -$23,414 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $28,015,351 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $8,716,784 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $23,414 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $23,414 | ExpensesNotReportedAmt |
| Expenses Subtotal | $8,693,370 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $11,991,643 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $11,991,643 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $20,685,013 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | THE COMMUNITY LOAN FUND ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE COMMUNITY LOAN FUND HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS AT JUNE 30, 2024. THE COMMUNITY LOAN FUND'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | GRANT EXPENSE -6,889,013. INTEREST EXPENSE -4,510,318. LOAN LOSS PROVISION -592,312. RETURNED GRANT 4,134. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | FUNDRAISING EXPENSE -23,414. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | FUNDRAISING EXPENSE 23,414. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | GRANTS EXPENSE 6,889,013. INTEREST EXPENSE 4,510,318. LOAN LOSS PROVISION 592,312. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | 40TH GALA | Event1Nm |
| Gross Receipts Event1 | $29,100 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $1,320 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $27,780 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $4,100 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $9,719 | FoodAndBeverageEvent1Amt |
| Entertainment Event1 | $2,000 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $7,595 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $29,100 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $1,320 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $27,780 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $4,100 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $9,719 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $2,000 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $7,595 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $23,414 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $4,366 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (35 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| 101 SKILLS LLC | |||||||
| 101 SKILLMAN AVENUE | BROOKLYN | NY | 11211 | 920975204 | $234,853 | $0 | LMCAP EQUIPMENT-ONLY |
| 307 MEAT COMPANY | |||||||
| 3745 CHERRYWOOD EAST LOOP | LARAMIE | WY | 82070 | 814276973 | $244,105 | $0 | LMCAP EQUIPMENT-ONLY |
| BUD'S CUSTOM MEATS INC | |||||||
| 7750 PETALUMA HILL ROAD | PENNGROVE | CA | 94951 | 454073627 | $197,988 | $0 | LMCAP EQUIPMENT-ONLY |
| COLORADO HOMESTEAD RANCHES INC | |||||||
| 741 WEST 5TH STREET | DELTA | CO | 81416 | 841360147 | $243,671 | $0 | LMCAP EQUIPMENT-ONLY |
| DAKOTA PURE MEATS LLC | |||||||
| 26727 266TH STREET | WOOD | SD | 57585 | 843889741 | $234,975 | $0 | LMCAP EQUIPMENT-ONLY |
| DEER ESTATES COOPERATIVE INC | |||||||
| 27 CASTLE DRIVE | MILAN | NH | 03588 | 473753542 | $6,500 | $0 | ASSISTANCE TO RESTORE VACANT HOME LOT |
| ELMA LOCKER & GROCERY INC | |||||||
| 100 GRANT STREET | ELMA | IA | 50628 | 204726192 | $241,172 | $0 | LMCAP EQUIPMENT-ONLY |
| FALLON LIVESTOCK PROCESSING LLC | |||||||
| 1100 SOUTH ALLEN ROAD | FALLON | NV | 89406 | 872348179 | $63,106 | $0 | LMCAP EQUIPMENT-ONLY |
| FIVE MARYS CUSTOM MEAT CO | |||||||
| 6732 EASTSIDE ROAD | FORT JONES | CA | 96032 | 460939601 | $250,000 | $0 | LMCAP EQUIPMENT-ONLY |
| FLYING W FARMS LLC | |||||||
| 11253 UPPER PATTERSON CREEK ROAD | BURLINGTON | WV | 26710 | 208029749 | $172,970 | $0 | LMCAP EQUIPMENT-ONLY |
| GRATEFUL PASTURES LLC | |||||||
| 23574 HWY 11 N | MANSFIELD | GA | 30055 | 473045543 | $101,542 | $0 | LMCAP EQUIPMENT-ONLY |
| HAMILTON PACK LLC | |||||||
| 692 US HIGHWAY 93 N | HAMILTON | MT | 59840 | 842285742 | $250,000 | $0 | LMCAP EQUIPMENT-ONLY |
| ISLAND GROWN FARMERS COOPERATIVE | |||||||
| 11719 WESTAR LANE | BURLINGTON | WA | 98233 | 912089207 | $113,245 | $0 | LMCAP EQUIPMENT-ONLY |
| J&J PROCESSING | |||||||
| 2757 LAWRENCE 2225 | PIERCE CITY | MO | 65723 | 431936327 | $249,982 | $0 | LMCAP EQUIPMENT-ONLY |
| KEITH SCHRADER DBA SCHRADER FARMS LLC | |||||||
| 1937 SOMERVILLE ROAD | ROMULUS | NY | 14541 | 843278204 | $199,600 | $0 | LMCAP EQUIPMENT-ONLY |
| KREHBIELS SPECIALTY MEATS INC | |||||||
| 1636 MOHAWK ROAD | MCPHERSON | KS | 67460 | 481090799 | $250,000 | $0 | LMCAP EQUIPMENT-ONLY |
| MD UHL ALLEN MEAT PROCESSING | |||||||
| 323 SOUTH MAIN STREET | ALLEN | KS | 66833 | 834635338 | $130,429 | $0 | LMCAP EQUIPMENT-ONLY |
| MEADE LOCKER & PROCESSING LLC | |||||||
| 152 NORTH POST STREET | MEADE | KS | 67864 | 851708932 | $250,000 | $0 | LMCAP EQUIPMENT-ONLY |
| MEATING PLACE LLC | |||||||
| 6585 NORTHWEST CORNELIUS PASS ROAD | HILLSBORO | OR | 97124 | 274621080 | $250,000 | $0 | LMCAP EQUIPMENT-ONLY |
| MOEDERS MEATS | |||||||
| 800 JUNCTION AVENUE | WAKEENEY | KS | 67672 | 872994528 | $43,377 | $0 | LMCAP EQUIPMENT-ONLY |
| NORDIK MEATS INC | |||||||
| E7342 THREE CHIMNEY ROAD | VIROQUA | WI | 54665 | 845053177 | $245,920 | $0 | LMCAP EQUIPMENT-ONLY |
| OXFORD PACKING LLC | |||||||
| 22975 RACE TRACK RD | DOWNEY | ID | 83234 | 880561449 | $250,000 | $0 | LMCAP EQUIPMENT-ONLY |
| PARADISE LOCKER INC | |||||||
| PO BOX 36 | TRIMBLE | MO | 64492 | 431914000 | $158,495 | $0 | LMCAP EQUIPMENT-ONLY |
| PLYMOUTH MEATS LLC | |||||||
| 6 ALLREAD DRIVE | TERRYVILLE | CT | 06786 | 473585762 | $178,983 | $0 | LMCAP EQUIPMENT-ONLY |
| PRIME CUT 41 LLC | |||||||
| WEST STATE STREET | VEEDERSBURG | IN | 47952 | 863363395 | $250,000 | $0 | LMCAP EQUIPMENT-ONLY |
| RETTLAND FARM LLC | |||||||
| 920 BARLOW TWO TAVERNS ROAD | GETTYSBURG | PA | 17325 | 452088007 | $142,186 | $0 | LMCAP EQUIPMENT-ONLY |
| S RANCH MEATS LLC | |||||||
| 174 WOODLEY LANE | HARDIN | MT | 59034 | 851633820 | $250,000 | $0 | LMCAP EQUIPMENT-ONLY |
| SHORT CREEK MEATS LLC | |||||||
| 6 COMMERCE DR | KENNEBUNK | ME | 04043 | 873798796 | $81,300 | $0 | LMCAP EQUIPMENT-ONLY |
| SIMON MEAT LOCKER LLC | |||||||
| 100 INDUSTRIAL DRIVE | OLSBURG | KS | 66520 | 873198475 | $241,500 | $0 | LMCAP EQUIPMENT-ONLY |
| SPR CUSTOM PROCESSING INC | |||||||
| 42707 US 70 | PORTALES | NM | 88130 | 275067090 | $241,489 | $0 | LMCAP EQUIPMENT-ONLY |
| STEWARD PROCESSING INC | |||||||
| 7014A HWY 588 | PIONEER | LA | 71266 | 931596647 | $202,963 | $0 | LMCAP EQUIPMENT-ONLY |
| WASECA MORGAN'S MEAT MARKET LLC | |||||||
| 1100 2ND STREET NORTHWEST | WASECA | MN | 56093 | 871234166 | $250,000 | $0 | LMCAP EQUIPMENT-ONLY |
| WATERLOO POULTRY PROCESSING | |||||||
| 5607 EAST COUNTY ROAD J | CLINTON | WI | 53525 | 844457450 | $250,000 | $0 | LMCAP EQUIPMENT-ONLY |
| WEAVER MEAT PROCESSING LLC | |||||||
| 2098 HIGHWAY 55 WEST | HARTSELLE | AL | 35640 | 882772937 | $244,376 | $0 | LMCAP EQUIPMENT-ONLY |
| YODER'S BUTCHER BARN | |||||||
| 3521 CHESTNUT RIDGE ROAD | GRANTSVILLE | MD | 21536 | 862243679 | $174,286 | $0 | LMCAP EQUIPMENT-ONLY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Org | 35 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | PROGRAM MANAGERS OVERSEE GRANT PROGRAMS AND MONITOR THE USE OF FUNDS BY GRANTEES THROUGH A VARIETY OF MEANS INCLUDING PERFORMANCE REPORTS, FINANCIAL REPORTS, INVOICES, PHOTOGRAPHY AND OTHER FORMS OF SUBSTANTIATING DOCUMENTATION. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| STEVE SALTZMAN | ||||||||||||||
| PRESIDENT & CEO | $217,829 | $0 | $0 | $0 | $0 | $0 | $10,993 | $0 | $20,831 | $0 | $249,653 | $0 | $0 | $0 |
| BONNIE SCADOVA | ||||||||||||||
| CHIEF FINANCIAL OFFICER | $182,243 | $0 | $11,000 | $0 | $0 | $0 | $9,947 | $0 | $19,524 | $0 | $222,714 | $0 | $0 | $0 |
| SARAH MARCHANT | ||||||||||||||
| CHIEF OF STAFF & VP OF ROC | $143,007 | $0 | $11,750 | $0 | $0 | $0 | $8,201 | $0 | $24,975 | $0 | $187,933 | $0 | $0 | $0 |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 5 | ContributionCnt |
| Noncash Contributions Rpt F990 | $50,725 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (11 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART III, LINE 4A: | THREE COMMUNITY LOAN FUND PROGRAMS ADDRESS N.H.'S NEED FOR HOUSING FOR WORKING FAMILIES, SENIORS, AND FAMILIES WITH LOW INCOMES. 1. ROC-NH PROVIDES LOANS, ALONG WITH EDUCATIONAL AND TECHNICAL ASSISTANCE, TO BUILD LONG-TERM VALUE AND SECURITY FOR RESIDENTS OF N.H.'S MANUFACTURED-HOME COMMUNITIES BY HELPING THEM PURCHASE, MANAGE, AND IMPROVE THEIR COMMUNITIES AS COOPERATIVE CORPORATIONS. AS OF JUNE 30, 2024, 150 RESIDENT-OWNED COMMUNITIES IN N.H. WERE HOME TO 9,053 (PRIMARILY LOW-INCOME) HOUSEHOLDS. DURING FISCAL YEAR 2024, THE COMMUNITY LOAN FUND MADE 23 LOANS TOTALING NEARLY $13.8 MILLION. IN DOING SO, IT PRESERVED 145 HOUSING UNITS AND PROVIDED 15,022 HOURS OF TECHNICAL ASSISTANCE TO RESIDENT-OWNED COMMUNITIES. 2. BECAUSE THEY ARE RELATIVELY AFFORDABLE AND AVAILABLE IN RURAL COMMUNITIES, MANUFACTURED HOMES ARE, FOR SOME N.H. FAMILIES, THE HOUSING OPTION OF LAST RESORT. THEY ALSO PROVIDE AN AFFORDABLE OPTION FOR OLDER COUPLES WHO ARE DOWNSIZING, YOUNG COUPLES BEGINNING FAMILIES, AND ADULTS WITH DISABILITIES WHO WISH TO LIVE INDEPENDENTLY. THE COMMUNITY LOAN FUND'S WELCOME HOME LOANS PROVIDE REAL FIXED-RATE MORTGAGE PRODUCTS FOR BUYERS OF MANUFACTURED HOMES WHO OWN THE LAND THE HOUSE WILL OCCUPY, OR WHO HAVE SECURED THE LAND THROUGH COOPERATIVE OWNERSHIP. THE GREAT MAJORITY OF THESE BUYERS DON'T HAVE ACCESS TO CONVENTIONAL MORTGAGE LOANS OR LACK THE SAVINGS FOR DOWN PAYMENT AND CLOSING COSTS. IN MAKING 1,987 LOANS TOTALING MORE THAN $104.9 MILLION SINCE 2002, WELCOME HOME LOANS HAVE SHOWN THESE BORROWERS TO BE BETTER-THAN-AVERAGE RISKS, WITH A CUMULATIVE LOSS RATE OF JUST 2.27%. DURING FY2024, WELCOME HOME LOANS PROVIDED NEARLY $9.1 MILLION IN FINANCING TO 77 BORROWERS. INCLUDED IN THAT NUMBER ARE HOMEOWNER ASSISTANCE LOANS TO HELP BUYERS WITH LOW INCOMES COVER CLOSING COSTS FOR NEW HOMES, OR PURCHASE EXISTING HOMES. IN 2009, OUR WELCOME (THEN CALLED COOPERATIVE) HOME LOANS EARNED THE COMMUNITY LOAN FUND THE HIGHEST HONOR GIVEN TO COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS: THE NEXT AWARD FOR OPPORTUNITY FINANCE. THE PROGRAM'S STRONG PERFORMANCE HAS ALSO ATTRACTED OTHER CONVENTIONAL RESIDENTIAL LENDERS, INCLUDING USDA, NH HOUSING FINANCE AUTHORITY AND FANNIE MAE, TO THIS EMERGING MARKET. 3. THE MULTI-FAMILY HOUSING PROGRAM PROVIDES LOANS AND TECHNICAL ASSISTANCE TO NONPROFIT HOUSING DEVELOPMENT ORGANIZATIONS, WITH THE GOALS OF EXPANDING N.H.'S SUPPLY OF INCREASINGLY SCARCE AFFORDABLE HOUSING AND KEEPING IT PERMANENTLY AFFORDABLE. SINCE 1989, THE COMMUNITY LOAN FUND HAS MADE 191 LOANS TOTALING NEARLY $36 MILLION, RESULTING IN THE CREATION OR PRESERVATION OF 1,978 AFFORDABLE APARTMENTS VALUED AT OVER $301.2 MILLION. MULTI-FAMILY HOUSING HAS ALSO HELPED CREATE AND NURTURE A NOW-MATURE NETWORK OF NONPROFIT DEVELOPERS, WHILE ASSISTING COMMUNITY GROUPS TACKLING THEIR FIRST PROJECTS, TO CREATE CAPACITY IN ONE OF THE LEAST-AFFORDABLE STATES IN THE NATION. |
| FORM 990, PART III, LINE 2 | ON JANUARY 30, 2024, THE COMMUNITY LOAN FUND ACQUIRED THE ASSETS AND PROGRAMS OF NORTHERN COMMUNITY INVESTMENT CORPORATION (NCIC), A CDFI THAT PROVIDES COMMERCIAL LOANS AND ECONOMIC DEVELOPMENT SERVICES IN NORTHERN NEW HAMPSHIRE AND IN THE NORTHEAST KINGDOM OF VERMONT. THIS COLLABORATION CONNECTS TWO LONG-SERVING COMMUNITY DEVELOPMENT ORGANIZATIONS AND ALLOWS THE COMMUNITY LOAN FUND TO DEEPEN ITS COMMITMENT TO THE REGION AND EXPAND OUR SERVICES. NCIC NOW OPERATES AS A PROGRAM OF THE COMMUNITY LOAN FUND UNDER A NEW REGISTERED TRADE NAME, NORTHERN COMMUNITY INVESTMENT CAPITAL. THREE OF NCIC'S FIVE REMAINING STAFF JOINED THE STAFF OF THE COMMUNITY LOAN FUND. |
| FORM 990, PART III, LINE 4B: | THE COMMUNITY LOAN FUND IS ROOTED IN TWO BELIEFS: THE FIRST IS THAT SOME FINANCIAL OBSTACLES PEOPLE FACE ARE NOT DUE SOLELY TO LOW INCOMES, BUT ALSO TO LACK OF CREDIT. THE SECOND IS THAT MANY PEOPLE WITH CAPITAL WILL INVEST IN BASIC HUMAN NEEDS IF THERE IS A WAY TO DO SO. THE PHILANTHROPY PROGRAM WORKS ON THE SECOND PART OF THAT EQUATION. IT SEEKS TO MAKE ITS OPPORTUNITY NH INVESTMENTS A CONDUIT THROUGH WHICH PEOPLE, ORGANIZATIONS, FOUNDATIONS, AND CORPORATIONS SAFELY AND SECURELY INVEST IN N.H.'S PEOPLE AND COMMUNITIES. THE COMMUNITY LOAN FUND IS A RARITY AMONG COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS IN ACCEPTING INVESTMENTS IN THE FORM OF UNSECURED LOANS FROM PRIVATE INDIVIDUALS, AS WELL AS FROM INSTITUTIONS LARGE AND SMALL. INVESTMENTS ARRIVE FROM RETIREES AND COMMUNITY CHURCH GROUPS, ALL THE WAY UP TO NATIONAL FOUNDATIONS. A ROBUST EQUITY POOL HELPS THE COMMUNITY LOAN FUND MAINTAIN A 100% REPAYMENT RECORD TO ITS INVESTORS. IT'S THE "SHOCK ABSORBER" THAT CUSHIONS THEIR MONEY AGAINST THE RARE BORROWER LOAN THAT ISN'T REPAID. INVESTMENTS IN THE COMMUNITY LOAN FUND RANGE FROM $1,000 TO $7.5 MILLION. THE PHILANTHROPY PROGRAM BROUGHT IN OVER $18 MILLION FROM 20 NEW INVESTMENTS IN FY2024, BRINGING THE NUMBER OF CURRENT INVESTORS TO 634. |
| FORM 990, PART III, LINE 4C: | THE COMMUNITY LOAN FUND OFFERS FINANCING FOR ESTABLISHED BUSINESSES RANGING FROM SELF-EMPLOYED TRADESMEN TO HIGH-GROWTH, HIGH-MARGIN COMPANIES. SINCE 1984, OUR BUSINESS FINANCE PROGRAM HAS PROVIDED LOANS, INVESTMENTS, AND COACHING TO SUPPORT THE GROWTH AND RESILIENCE OF SMALL BUSINESSES AND THEIR ABILITY TO PROVIDE QUALITY JOBS. RECENT YEARS HAVE BROUGHT A SPECIAL FOCUS ON FARM AND FOOD-RELATED COMPANIES AND THOSE OWNED BY ENTREPRENEURS OF COLOR BECAUSE OF THEIR DIFFICULTY SECURING CONVENTIONAL FINANCING. SINCE 1996, OUR BUSINESS FINANCE TEAM HAS MADE 784 LOANS AND INVESTMENTS AND LOANS, TOTALING OVER $48.2 MILLION AND PRESERVING OR CREATING 2,948 JOBS. IN FY 2024, OUR BUSINESS FINANCE TEAM PROVIDED 9 LOANS TOTALING MORE THAN $6.5 MILLION, CREATING OR PRESERVING 388 JOBS. IN JANUARY 2024, THE COMMUNITY LOAN FUND ACQUIRED THE ASSETS AND PROGRAMS OF NORTHERN COMMUNITY INVESTMENT CORPORATION (NCIC), A PEER CDFI THAT PROVIDES COMMERCIAL LOANS AND ECONOMIC DEVELOPMENT SERVICES IN NORTHERN NEW HAMPSHIRE AND IN THE NORTHEAST KINGDOM OF VERMONT. THIS COLLABORATION CONNECTS TWO LONG-SERVING COMMUNITY DEVELOPMENT ORGANIZATIONS AND ALLOWS THE COMMUNITY LOAN FUND TO DEEPEN ITS COMMITMENT TO THE REGION AND TO EXPAND SERVICES. NCIC NOW OPERATES AS A PROGRAM OF THE COMMUNITY LOAN FUND UNDER A NEW REGISTERED TRADE NAME, NORTHERN COMMUNITY INVESTMENT CAPITAL. OVER FIVE MONTHS IN FY2024, NCIC PROVIDED 14 LOANS TOTALING NEARLY $1.6 MILLION, CREATING OR PRESERVING 85 JOBS IN NORTHERN N.H. AND IN THE NORTHEAST KINGDOM OF V.T.. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS PREPARED BY STAFF AND THE AUDIT FIRM. BEFORE FILING WITH THE IRS, A DRAFT OF THE COMPLETED FORM 990 IS PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS AND IS REVIEWED IN DETAIL BY THE FINANCE COMMITTEE WITH QUESTIONS ADDRESSED AND RESOLVED BY THE AUDIT FIRM. THE FINANCE COMMITTEE VOTES TO ACCEPT THE FORM 990, AND MINUTES OF THE COMMITTEE MEETING ARE PRODUCED TO DOCUMENT THE REVIEW AND THE VOTE. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ORGANIZATION REQUIRES EMPLOYEES AND BOARD MEMBERS TO COMPLETE ANNUAL CONFLICT OF INTEREST SURVEYS. |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION DATA REGARDING THE TWO TOP EXECUTIVE POSITIONS WAS GATHERED NATIONALLY, REGIONALLY AND LOCALLY. THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWED THE COMPENSATION WITH ASSISTANCE FROM THE HUMAN RESOURCES MANAGER. AFTER A REVIEW OF THE DATA AND DISCUSSION BY THE EXECUTIVE COMMITTEE, IT WAS DETERMINED THAT BOTH POSITIONS ARE IN A REASONABLE RANGE WITH THE DATA REVIEWED AND THAT THE COMPENSATION FOR THE TWO POSITIONS IS APPROPRIATE. COPIES OF COMPARABILITY DATA ANALYSIS ARE ON FILE, AND RECORDS OF THE EXECUTIVE COMMITTEE MEETING ARE DOCUMENTED. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE COMMUNITY LOAN FUND'S FORM 990, YEAR-END AUDITED FINANCIAL STATEMENTS AND ANNUAL REPORTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AND ARE POSTED ON THE ORGANIZATION'S WEBSITE FOR PUBLIC NSPECTION. BYLAWS AND CONFLICT OF INTEREST POLICIES ARE ALSO AVAILABLE TO THE PUBLIC UPON REQUEST. THIS IS STATED ON THE ORGANIZATION'S WEBSITE. |
| FORM 990, PART XI, LINE 9: | NET ASSET TRANSFER - FROM NCIC ACQUISTION 8,403,132. CUMULATIVE ADJUSTMENT FROM ADOPTION OF CECL ON JULY 1, 2023 410,830. RETURNED GRANT 4,134. |
| FORM 990, PART XII, LINE 2C: | THE COMMUNITY LOAN FUND'S AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF INDEPENDENT ACCOUNTANTS. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
| FORM 990, PART IV, LINE 26 AND PART VI-A, LINE 1B: | THE COMMUNITY LOAN FUND'S BYLAWS REQUIRE THE BOARD OF DIRECTORS TO INCLUDE REPRESENTATIVES OF BORROWER ORGANIZATIONS AND INVESTORS AMONG ITS MEMBERSHIP. DONATIONS AND INVESTMENTS ARE ACCEPTED FROM EMPLOYEES, FROM INDIVIDUAL BOARD MEMBERS, OR FROM ORGANIZATIONS OF WHICH CURRENT AND FORMER MEMBERS ARE SIGNIFICANT EMPLOYEES OR BOARD MEMBERS. ALL TRANSACTION DECISIONS FOLLOW STANDARD POLICIES AND PROCEDURES INCLUDING THOSE COVERING CONFLICT OF INTEREST. THE TRANSACTIONS ARE PART OF THE COMMUNITY LOAN FUND'S NORMAL COURSE OF BUSINESS AND ARE OPEN TO THE PUBLIC AT LARGE. FOUR EMPLOYEES HAVE PROVIDED INVESTMENTS OR HAVE FAMILY MEMBERS WHO HAVE PROVIDED INVESTMENTS TOTALING $76,181 TO THE COMMUNITY LOAN FUND AS OF JUNE 30, 2024. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | EINEIN |
|---|---|---|---|---|---|---|---|---|---|
| CALEDONIA COMMUNITY LOAN FUND HOLDINGS LLC | |||||||||
| 7 WALL STREET | CONCORD | NH | 03301 | TO HOLD TWO PARCELS OF INDUSTRIAL LAND TO BE TRANSFERRED TO NHCLF IN FY25 | VT | $0 | $0 | NEW HAMPSHIRE COMMUNITY LOAN FUND INC | |
| HOUSING AFFORDABILITY PARTNERSHIP LLC | |||||||||
| 7 WALL STREET | CONCORD | NH | 03301 | PARTNER WITH NH NONPROFIT AFFORDABLE HOUSING DEVELOPERS UTILIZING THE LIHTC | NH | $0 | $0 | NEW HAMPSHIRE COMMUNITY LOAN FUND INC | 934422741 |
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