2022-09-08T09:09:47-05:00 2021-12-31 510232399 BELFINT LYONS & SHUMAN PA 1011 CENTRE RD STE 310 WILMINGTON DE 19805 990 2021-01-01 510345258 TRUE ACCESS CAPITAL CORPORATION TRUE 3026526774 100 WEST 10TH STREET 300 WILMINGTON DE 19801 VANDELL HAMPTON JR PRESIDENT & CEO 3026526774 2022-08-25 1 VANDELL HAMPTON JR 999009999 JONATHAN D MOLL CPA P01053700 3022250600 2022-08-25 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z VANDELL HAMPTON JR 100 WEST 10TH STREET 300 WILMINGTON DE 19801 8328991 0 X WWW.TRUEACCESSCAPITAL.ORG X 1992 DE BUILDING A THRIVING COMMUNITY BY EMPOWERING A DIVERSE BASE OF ENTREPRENEURS AND BUSINESSES THROUGH ACCESS TO CAPITAL, EDUCATION, ADVOCACY AND OPPORTUNITY. 14 14 14 39 0 0 2897315 6968577 1076051 1297132 22593 2206 18268 27892 4014227 8295807 150000 100000 0 0 1015293 1175665 0 0 45792 1605413 1311189 2770706 2586854 1243521 5708953 14544564 20176608 9579054 9502145 4965510 10674463 X BUILDING A THRIVING COMMUNITY BY EMPOWERING A DIVERSE BASE OF ENTREPRENEURS AND BUSINESSES THROUGH ACCESS TO CAPITAL, EDUCATION, ADVOCACY AND OPPORTUNITY. 0 0 2404514 100000 1312117 DURING 2021, TRUE ACCESS CAPITAL CORPORATION MADE NEW LOANS AS FOLLOWS: MICRO LOAN FUND - $514,050, BUSINESS GROWTH FUND - $2,408,000, COMMUNITY DEVELOPMENT LOAN FUND - $3,785,000. SMALL BUSINESS LOANS - ONE OF TACC'S PRIMARY OBJECTIVES IS PROVIDING FINANCING AND SUPPORT SERVICES FOR SMALL BUSINESS ENTERPRISES. THROUGH THIS PROGRAM, TACC CREATES JOBS AND BUILDS WEALTH IN EMERGING MARKETS THROUGHOUT THE STATE OF DELAWARE AND SOUTHEASTERN PENNSYLVANIA. TACC HAS TWO PRIMARY SMALL BUSINESS LENDING PROGRAMS - THE MICRO LOAN FUND AND THE BUSINESS GROWTH FUND. THE COMMUNITY DEVELOPMENT FUND FOCUSES ON PROVIDING CAPITAL FOR COMMUNITY-BASED PROJECTS, SUCH AS MIXED-USE PROPERTIES (RESIDENTIAL & RETAIL), NOT-FOR-PROFIT ORGANIZATIONS OTHER THAN HOUSING DEVELOPERS,CHILD CARE CENTERS AND OTHER COMMUNITY FACILITIES. THIS FUND PROVIDES UP TO $500,000 PER OBLIGOR WITH A MAXIMUM TERM OF FIVE YEARS. THE OBJECTIVE OF THE COMMUNITY DEVELOPMENT LOAN PROGRAM IS TO ADDRESS ALL OTHER LENDING THAT DOES NOT FALL SPECIFICALLY WITHIN THE PARAMETERS OF THE AFFORDABLE HOUSING OR SMALL BUSINESS LENDING PRODUCTS. THROUGH THE COMMUNITY DEVELOPMENT LENDING PRODUCT TACC IS EMPOWERED TO BRING SOME BENEFIT TO A PARTICULAR COMMUNITY IN THE FORM OF, FOR EXAMPLE, A NEW CHILD CARE CENTER, A HEALTH CARE PROVIDER, OR BY ASSISTING WITH THE PURCHASE OR REHABILITATION OF OFFICE SPACE FOR A NON-PROFIT ORGANIZATION. 2404514 1 1 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 98 0 1 14 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 X X TRUE ACCESS CAPITAL CORPORATION 3026526774 100 WEST 10TH STREET SUITE 300 WILMINGTON DE 19801 PAUL B HUGHES III CHAIR 1.00 X X 0 0 0 RACHAEL MEARS TREASURER 1.00 X X 0 0 0 PEDRO VIERA JR BOARD MEMBER 1.00 X 0 0 0 JOHN M BONHOMME BOARD MEMBER 1.00 X 0 0 0 JUDITH M SCARBOROUGH CPA CVA CFF VICE CHAIR 1.00 X X 0 0 0 JONATHAN KLASS BOARD MEMBER 1.00 X 0 0 0 THOMAS E HANSON JR ESQ SECRETARY 1.00 X X 0 0 0 MATTHEW KATTLER CFA BOARD MEMBER 1.00 X 0 0 0 SHERYL SCANLON EDD BOARD MEMBER 1.00 X 0 0 0 GLORIA ZOOK DIODATO BOARD MEMBER 1.00 X 0 0 0 RICHARD E CAMPBELL SR BOARD MEMBER 1.00 X 0 0 0 EMANUEL V DESHIELDS BOARD MEMBER 1.00 X 0 0 0 ROBERT GUNTER BOARD MEMBER 1.00 X 0 0 0 BARRY L LOTT BOARD MEMBER 1.00 X 0 0 0 VANDELL HAMPTON JR PRESIDENT & CEO 37.50 X 152724 0 17361 152724 0 17361 1 0 1 0 0 20400 4778901 2169276 6968577 INTEREST ON LOAN 522100 672485 672485 CONTRACTUAL INCOME 522100 314348 314348 RECOVERY INCOME 522100 139706 139706 LOAN FEES 522100 99567 99567 PROGRAM REVENUE 522100 71026 71026 1297132 2206 2206 34694 0 34694 34694 34694 5850 20400 33184 -27334 -27334 MISCELLANEOUS 900099 14985 14985 PASSED THROUGH NET REN 531120 5547 5547 20532 8295807 1312117 0 15113 X 80000 80000 20000 20000 170085 156094 8864 5127 847012 781544 63158 2310 14980 14094 886 69848 65614 4185 49 73740 69333 3862 545 18110 17262 848 34705 31850 1809 1046 328999 278401 15589 35009 10027 9907 120 53230 35564 17507 159 34838 33878 51 909 40328 28041 12287 8781 8717 64 14708 13419 1289 243556 242190 1366 7924 7272 413 239 34104 33084 646 374 PROVISION FOR LOAN LOSS 425206 425206 LOAN FEES 41940 41940 DUES AND SUBSCRIPTIONS 9578 9509 44 25 REPAIRS AND MAINTENANCE 5155 1595 3560 2586854 2404514 136548 45792 4203925 5041247 1918364 4040289 140051 411498 7503994 10020352 54446 60586 246856 62467 184898 184389 306908 312475 231978 105772 14544564 20176608 109162 104891 1899 420 18245 11507 9228041 9322895 221707 62432 9579054 9502145 X 2128093 5295256 2837417 5379207 4965510 10674463 14544564 20176608 5708953 0 X 0 1 X 1 1 1 X 1030050 1677968 1207509 2897315 6968577 13781419 1030050 1677968 1207509 2897315 6968577 13781419 1816205 11965214 4688 -13204 -13346 23786 42447 44371 736 4825 340 6909 14985 27795 13853585 5029134 0.86370 0.76560 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 186629 9856 176773 46677 41322 5355 13550 11289 2261 184389 PARTICIPATION BALANCE DUE TO DEDA 62432 62432 X 8328991 33184 33184 8295807 0 8295807 2620038 33184 33184 2586854 0 2586854 PART IV, LINE 2B: THE ORGANIZATION RECEIVES CASH FROM PROSPECTIVE BORROWERS, AND PARTICIPATING ENTITIES IN ADVANCE, TO SUPPORT BORROWINGS. THESE AMOUNTS ARE HELD IN THE ORGANIZATION'S CASH ACCOUNTS UNTIL THE RELATED LOANS ARE DISBURSED. PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT ON NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES. THERE WERE NO UNRELATED BUSINESS ACTIVITIES DURING THE YEAR. THE ORGANIZATION'S FEDERAL EXEMPT ORGANIZATION INCOME TAX RETURNS (FORM 990) ARE SUBJECT TO EXAMINATION BY VARIOUS TAXING AUTHORITIES. THE ORGANIZATION'S OPEN AUDIT PERIODS ARE THE CURRENT YEAR AND THREE PRECEDING YEARS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES REPORTED AS A REDUCTION OF EVENT REVENUE ON 990 PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES REPORTED AS A REDUCTION OF EVENT REVENUE ON 990 ANNUAL MEETING AND CELEBRATION 26250 20400 5850 2400 16036 14748 26250 20400 5850 2400 16036 14748 33184 -27334 1 HELL'S BELLES BAKE SHOP 600 N UNION ST WILMINGTON DE 19805 853664728 10000 0 BOOK THE CORRIDOR REVITALIZATION FUND (CRF) IS EXPECTED TO SERVE AS A CATALYST TO ENCOURAGE ECONOMIC REVITALIZATION ON THE MARKET STREET CORRIDOR, FACILITATE DEVELOPMENT, AND CONTRIBUTE TO A VIBRANT COMMUNITY WITH RETAIL, ENTERTAINMENT AND FOOD SERVICE ESTABLISHMENTS. SUSTAINABILITY FOR FEMAL ENTREPRENEURS 3 20000 PART I, LINE 2: GRANTS AWARDED BY THE ORGANIZATION ARE DISBURSED DIRECTLY BY THE ORGANIZATION TO THE GRANTEES' VENDORS FOR SERVICES AND GOODS UNDER THE GRANT AGREEMENT. X 0 0 0 0 0 0 0 0 0 VANDELL HAMPTON JR PRESIDENT & CEO 144724 0 8000 0 0 0 4677 0 12684 0 170085 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B TACC'S AUDITORS MEET WITH THE BOARD OF DIRECTORS PRIOR TO THE COMPLETION OF THE ANNUAL AUDIT TO EXPLAIN THE AUDIT AND 990 PREPARATION PROCESSES. FORM 990, PART VI, SECTION B, LINE 12C TACC REQUIRES ALL DIRECTORS, OFFICERS, AND EMPLOYEES TO SIGN A CONFLICT OF INTEREST FORM ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT & CEO RECOMMENDS SALARY FOR THE ENTIRE STAFF TO THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS DETERIMINES THE PRESIDENT & CEO'S SALARY. THE BOARD OF DIRECTORS ALSO APPROVES THE ANNUAL BUDGET, WHICH INCLUDES SALARIES FOR ALL EMPLOYEES. A COMPENSATION STUDY BASED ON CDFI INDUSTRY MARKET DATA WAS DEVELOPED BY THE BOARD OF DIRECTORS FOR DETERMINING THE PRESIDENT & CEO'S SALARY. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING FEES: PROGRAM SERVICE EXPENSES 278,401. MANAGEMENT AND GENERAL EXPENSES 15,589. FUNDRAISING EXPENSES 35,009. TOTAL EXPENSES 328,999. TRUE ACCESS HOLDINGS LLC 100 WEST 10TH STREET WILMINGTON DE 19801 843695184 HOLD AND RENT REPOSSESSED REAL ESTATE DE 34694 197782 TRUE ACCESS CAPITAL CORPORATION FSCLF HOLDING LLC 100 W 10TH STREET SUITE 300 WILMINGTON DE 19801 453833176 REAL ESTATE MANAGEMENT DE 5547 265940 0 1 0.50000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0