2022-11-14T10:01:24-06:00 2021-12-31 FORVIS LLP 14241 DALLAS PARKWAY SUITE 1100 DALLAS TX 75254 990 2021-01-01 383910893 On the Road Lending % MICHELLE CORSON ONTH 2142262542 1500 North Loop 12 Irving TX 75061 Michelle Corson CEO/Director 2142262542 2022-11-15 true Michelle Corson 999009999 Noelle Alberto P01704142 9727028262 2021 2022-09-23 18:48:47Z Michelle Corson 1500 North Loop 12 Irving TX 75061 5467366 false X www.ontheroadlending.org X 2013 TX ON THE ROAD LENDING SEEKS TO LIFT PEOPLE FROM POVERTY THROUGH TRANSPORTATION INNOVATION. 10 9 10 11 0 0 927611 4779694 0 687362 6881 270 4085 40 938577 5467366 0 5697100 0 0 1509760 1019907 0 0 133947 1164480 1442019 2674240 8159026 -1735663 -2691660 9649605 16314652 8218395 16350102 1431210 -35450 X ON THE ROAD LENDING SEEKS TO LIFT PEOPLE FROM POVERTY THROUGH TRANSPORTATION INNOVATION, PROVIDING FINANCIAL WORKFORCE EDUCATION. THE MOBILITY PROGRAM HELPS TO MAKE BETTER CONSUMERS BY PROVIDING FINANCIAL COACHING, COURSEWORK, AND VEHICLE SELECTION ASSISTANCE, PREPARING LOW- TO MODERATE-INCOME PEOPLE TO PURCHASE RELIABLE TRANSPORTATION THAT WILL ENABLE THEM TO REACH BETTER-PAYING JOBS. THE GARAGE PROGRAM PROVIDES OPPORTUNITIES FOR UNDER-REPRESENTED POPULATIONS TO RECEIVE ON-THE-JOB TRAINING THROUGH REGISTERED APPRENTICESHIP PROGRAMS IN HIGH-WAGE, HIGH-GROWTH OCCUPATIONS WITHIN THE AUTOMOTIVE COLLISION REPAIR INDUSTRY. true false 1168884 687402 MOBILITY PROGRAM ENABLES CLIENTS TO PURCHASE A LATE MODEL VEHICLE UNDER WARRANTY. ON THE ROAD LENDING WORKED WITH ABOUT 1030 PEOPLE IN THE MOBILITY PROGRAM, GETTING 204 INTO VEHICLES DURING 2021. 6642728 5697100 WE LAUNCHED A NEW TRANSPORTATION WORKFORCE TRAINING PROGRAM IN 2021 WHICH PROVIDED APPRENTICESHIPS IN FIVE PROGRAMS REGISTERED WITH THE DEPARTMENT OF LABOR. WE HAD SEVEN APPRENTICES IN 2021. 7811612 true true false false false false false false false false true false false true false false true false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false true 23 0 true 10 true false false false false false false false false false false false false X 10 9 false false false false false false false true true false false false true true true true true true true true true X MICHELLE CORSON 2142262542 1500 NORTH LOOP 12 IRVING TX 75061 Jay Altizer Past Chair 1.0 0.0 X 0 0 0 David Chard ChaIrman 1.0 0.0 X X 0 0 0 Maria Coello Treasurer 1.0 0.0 X X 0 0 0 Josh Mayfield Secretary 1.0 0.0 X X 0 0 0 Yolanda Turner Director 1.0 0.0 X 0 0 0 John Giegerich Director 1.0 0.0 X 0 0 0 Gary Lindner Director 1.0 0.0 X 0 0 0 Veree Hawkins Brown Director 1.0 0.0 X 0 0 0 Michelle Corson CEO & DIRECTOR 15.0 0.0 X X 0 0 0 Yolette Garcia Director 1.0 0.0 X 0 0 0 Nick Stanutz CFO 15.0 0.0 X 0 0 0 0 0 0 0 false false false 0 170000 2039459 2570235 1800 4779694 SUBLEASE INCOME 532420 317698 317698 DEVELOPMENT FEE INCOME 561000 369664 369664 687362 270 270 0 0 0 0 0 0 0 0 0 0 0 0 40 0 40 40 0 5467366 687402 270 5697100 5697100 0 0 0 0 0 864618 696370 73853 94395 0 93810 86111 2 7697 61479 49042 5679 6758 0 44036 44036 20656 20656 0 0 0 614247 590264 23983 107484 107484 20403 6191 14212 82345 82345 0 151601 144796 6805 32998 32998 0 37 37 216417 200574 15843 0 109513 106723 1612 1178 2558 2558 Vehicle Expenses 11614 11614 Grant Support 23669 23669 LICENSES, DUES, & SUBSCRIPTION 3153 3153 . 0 1288 1038 250 8159026 7811612 213467 133947 1523333 1658355 0 0 125000 1782734 1227531 2235796 0 0 0 0 50000 0 0 0 7686 7429 9344558 170821 6716055 9173737 0 0 0 0 0 0 0 0 0 1456601 9649605 16314652 387395 681636 0 0 102033 2033 0 0 0 0 0 0 0 15166433 1576364 500000 6152603 0 8218395 16350102 X 930455 -1712684 500755 1677234 1431210 -35450 9649605 16314652 X -2691660 1225000 X false true X true false X 1637344 1699502 4104290 927611 4779694 13148441 0 0 1637344 1699502 4104290 927611 4779694 13148441 6147373 7001068 8565 270 8835 0 0 490000 635000 0 0 1125000 14282276 1227953 0.49019 0.88780 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 175404 175404 9118636 142423 8976213 43718 27606 16112 6800 792 6008 9173737 INVESTMENT IN OTRF 1456601 1456601 5676816 209450 209450 5467366 5467366 8368476 209450 209450 8159026 8159026 Schedule D, Part X, Line 2 ASC 740 FOOTNOTE: MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. true Champion Impact Capital 1500 NORTH LOOP 12 IRVING TX 75061 460993106 501(C)(3) 5696600 new market tax credits 1 Schedule I, Part I, Line 2 MONITORING THE USE OF GRANT FUNDS: DUE TO THE NATURE OF THE RELATIONSHIP BETWEEN BOTH ORGANIZATIONS, MANAGEMENT IS ABLE TO MONITOR AND REVIEW THE USE OF ALL FUNDING. Form 990, Part VI, Section B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990: FORM 990 IS EMAILED TO BOARD TREASURER BEFORE THE RETURN IS FILED. Form 990, Part VI, SECTION B, LINE 12C ENFORCEMENT OF CONFLICTS POLICY: EACH MEMBER OF THE BOARD OF DIRECTORS IS REQUIRED ANNUALLY TO SIGN A "CONFLICT OF INTEREST" STATEMENT. MANAGEMENT INSURES THAT STAFF AND THE BOARD MEMBERS ARE EXEMPTED AS CONTRACTORS AND/OR VENDORS OF ON THE ROAD LENDING. The Board Member shall disclose the conflict and the Board as a body shall opine on a course of action. Form 990, Part VI, Section C, Line 19 AVAILABILITY OF DOCUMENTS: THE ORGANIZATION'S GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. Form 990, Part XI, Line 8 PRIOR PERIOD ADJUSTMENTS: The AUDITED FINANCIAL STATEMENTS beginning net assets have been restated to correct errors detected during the current year. An error in not recording the Organization's equity interest in an affiliate increased net assets without donor restrictions by $1,125,000 and an error in recording deferred revenue rather than contribution revenue for an unconditional contribution increased net assets with donor restrictions by $100,000. The 2020 impact of these restatements would have increased the previously reported change in net assets by $100,000. Additionally, previously reported net assets with donor restrictions included $500,755 that the donors' restrictions were not more restrictive than the general mission of the Organization that were corrected to be included in net assets without donor restrictions. FORM 990, PART VI, SECTION B, LINES 15A & 15B COMPENSATION REVIEW: THE ORGANIZATION'S COMPENSATION COMMITTEE REVIEWS COMPENSATION WITH THE ASSISTANCE OF AN INDEPENDENT CONSULTANT AND THIRD-PARTY COMPENSATION STUDIES. THE FINAL APPROVAL OF MANAGEMENT COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS AND DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART III, LINE 2 NEW PROGRAM SERVICES: IN 2021, THE ORGANIZATION STARTED A TRANSPORTATION WORKFORCE TRAINING PROGRAM.