2021-05-21T13:08:37-07:00 2020-12-31 West Davis & Company LLP 11824 Jollyville Road Suite 100 Austin TX 78759 990 2020-01-01 742712770 LIFTFUND INC LIFT 2102263664 2007 WEST MARTIN STREET SAN ANTONIO TX 78207 JANIE BARRERA PRESIDENT & CEO 2102263664 2021-05-21 true JANIE BARRERA XXX-XX-XXXX Rob West CPA P00218847 5038286650 3 AAL1 IAL1 FAL1 2020 2022-09-23 18:48:47Z JANIE BARRERA 2007 WEST MARTIN STREET SAN ANTONIO TX 78207 104779696 false X WWW.LIFTFUND.COM X 1994 TX LIFTFUND PROVIDES CREDIT TO SMALL BUSINESSES THAT DO NOT HAVE ACCESS TO LOANS FROM COMMERCIAL SOURCES. 18 18 117 3 0 0 8651906 94758186 8893643 8172925 454021 170904 175737 144777 18175307 103246792 64442040 0 8297731 9463490 0 1365122 9432221 12476872 17729952 86382402 445355 16864390 70787869 114228801 55992965 83028950 14794904 31199851 LIFTFUND PROVIDES CREDIT TO SMALL BUSINESSES THAT DO NOT HAVE ACCESS TO LOANS FROM COMMERCIAL SOURCES. THROUGH ITS LOANS AND SERVICES, LIFTFUND HELPS MICRO ENTREPRENEURS STRENGTHEN THEIR BUSINESSES, STABILIZE AND INCREASE THEIR INCOMES, CREATE ADDITIONAL EMPLOYMENT AND CONTRIBUTE TO THE ECONOMIC REVITALIZATION OF THEIR COMMUNITIES. false false 14681176 0 8172925 LIFTFUND PROVIDES CREDIT TO SMALL BUSINESSES THAT DO NOT HAVE ACCESS TO LOANS FROM COMMERCIAL SOURCES. 1,863 NEW LOANS WERE CLOSED IN THE FISCAL YEAR ENDED 12/31/2020; 1,017 OF WHICH WERE PPP LOANS. WITH MORE THAN $65 MILLION IN LOANS OUTSTANDING AS OF DECEMBER 31, 2020, LIFTFUND IS REGARDED AS ONE OF THE LARGEST AND BEST PERFORMING MICROFINANCE INSTITUTIONS IN THE UNITED STATES. WITH ITS MICROLOAN MANAGEMENT SERVICES, LIFTFUND HELPS OTHER MICRO LENDERS ACROSS THE UNITED STATES ACHIEVE ECONOMICS OF SCALE AND EXPAND THE REACH OF THEIR PROGRAMS. THROUGH ITS LOANS AND SERVICES, LIFTFUND HAS HELPED CREATE OR RETAIN THOUSANDS OF JOBS IN LOW TO MODERATE INCOME AREAS, CONTRIBUTING TO THE ECONOMIC REVITALIZATION OF UNDERSERVED COMMUNITIES. 69243230 64442040 0 DURING THE YEAR ENDED DECEMBER 31, 2020, LIFTFUND WORKED WITH SEVERAL CITIES, COUNTIES AND MUNICIPALITIES TO HELP DISTRIBUTE FEDERAL CARES ACT GRANTS AS A SUBRECIPIENT TO SMALL BUSINESSES THROUGHOUT THE YEAR IN RESPONSE TO THE COVID-19 PANDEMIC. LIFTFUND AWARDED 2,751 GRANTS TO VARIOUS SMALL BUSINESSES THROUGHOUT THE COMMUNITIES WE SERVE AMOUNTING TO OVER $64 MILLION IN BUSINESS SUPPORT FUNDING. 83924406 true true false false false false false false false false true false false true true false false true false false false false false false false false false false true true false false false false false false false false true false false false true true true true false false true 3543 0 true 117 true false false false false false true true false false false false X 18 18 false false false false false false false true false false false true true true true true true true false false X RICHARD RUEBE 8882152373 2007 WEST MARTIN STREET SAN ANTONIO TX 78207 JANIE BARRERA PRESIDENT & CEO 40.00 X 200550 0 131779 RICHARD RUEBE COO/CFO 40.00 X 141753 0 26438 GEN JIMMIE KEENAN CHAIR 1.00 X 0 0 0 JIM ADAMS DIRECTOR 1.00 X 0 0 0 WILLIAM MOLL DIRECTOR 1.00 X 0 0 0 JAMES DREIBELBIS DIRECTOR 1.00 X 0 0 0 SHANKAR ARORA DIRECTOR 1.00 X 0 0 0 MELINDA GUERRA-REEVES DIRECTOR 1.00 X 0 0 0 REY OCANAS DIRECTOR 1.00 X 0 0 0 DICK SCHLOSBERG DIRECTOR 1.00 X 0 0 0 DR GP SINGH DIRECTOR 1.00 X 0 0 0 MICHELE HOSKINS DIRECTOR 1.00 X 0 0 0 ANA RODRIGUEZ DIRECTOR 1.00 X 0 0 0 KATHRYN SNAPKA DIRECTOR 1.00 X 0 0 0 JOHN CHAMBERLAIN DIRECTOR 1.00 X 0 0 0 WAYNE ALEXANDER DIRECTOR 1.00 X 0 0 0 JEFF BROUILLARD DIRECTOR 1.00 X 0 0 0 MORRIS CAMP DIRECTOR 1.00 X 0 0 0 DIANNA BURNS DIRECTOR 1.00 X 0 0 0 GEORGE HERNANDEZ DIRECTOR 1.00 X 0 0 0 BOB SCHRAITLE SR VP BUSINESS DEV 40.00 X 159626 0 7652 NELLY ROJAS-MORENO CHIEF CREDIT OFFICER 40.00 X 145954 0 7704 CHRIS ALLEN VP SBA 504 40.00 X 147359 0 18355 DAN YOXALL VP COMMUNITY ENGAGEMENT 40.00 X 132474 0 22469 CELINA PENA CHIEF ADVANCEMENT OFFICER 40.00 X 128941 0 18020 1056657 0 232417 20 false true false RING CENTRAL 20 DAVIS DRIVE BELMONT CA 94002 IT PROJECT SUPPORT 113105 STARKWEATHER LAW 3736 EUBANK NE BLDG C ALBUQUERQUE NM 87111 LOAN CLOSING 112000 ATT PO BOX 105414 ATLANTA GA 30348 NETWORK SERVICES 187806 PRUDENT LENDERS 50 BEAVER STREET ALBANY NY 12207 PORTFOLIO SERVICING 230358 BMI PRODUCTIVITY 475 NW 300 STE 5 KAYSVILLE UT 84037 SOFTWARE SUPPORT 248625 5 75893125 18865061 2160179 94758186 LOAN INTEREST AND FEES 522291 6022535 0 0 SBA 504 INCOME 522291 1988028 0 0 PORTFOLIO MANAGEMENT 522291 162362 0 0 8172925 27728 0 27728 103431 103431 103431 103431 1676080 1532904 143176 143176 143176 0 0 MISCELLANEOUS 522291 41346 41346 0 0 41346 103246792 8357447 0 131159 64442040 64442040 500520 125130 167178 208212 7465701 6509303 373976 582422 201009 146610 27275 27124 737485 537898 100070 99517 558775 465039 31263 62473 2647861 2016726 319199 311936 266692 262992 2693 1007 225182 215862 2576 6744 554032 553018 447 567 560041 532267 13887 13887 33780 25629 7372 779 81205 74467 5679 1059 2200563 2200563 0 0 279904 248562 15671 15671 215111 185167 14972 14972 BAD DEBT EXPENSES 3829907 3829907 0 0 PROGRAM EXPENSES 777435 777435 0 0 PORTFOLIO EXPENSES 232535 232535 0 0 DUES & SUBSCRIPTIONS 268961 252663 4081 12217 303663 290593 6535 6535 86382402 83924406 1092874 1365122 4250693 30082825 4704996 5297412 5819280 7680815 1361802 1425874 49829534 59861050 11000 11000 494160 324607 6005952 4149213 1993064 1856739 732808 579390 833333 833333 757199 6275756 70787869 114228801 3417682 3541671 817964 2476843 9603043 35679568 28881776 27528368 13272500 13802500 55992965 83028950 X 10565388 29952549 4229516 1247302 14794904 31199851 70787869 114228801 16864390 -459443 X false true X true true true X 0 8671510 6916973 6866526 7429189 92598007 122482205 0 0 8671510 6916973 6866526 7429189 92598007 122482205 3162856 119319349 92231 177746 198742 160346 131159 760224 0 0 123242429 45138245 0.96820 0.86490 X 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 413568 413568 2010574 912523 1098051 3581810 3236690 345120 1856739 INVESTMENT IN ACCION MARTIN HOLDINGS, INC. 6276195 INVESTMENT IN LIFTFUND FUNDING -439 6275756 EQUITY EQUIVALENTS 9552500 LIFTFUND FUNDING NOTE PAYABLE 4250000 13802500 true BUSINESS ASSISTANCE 2751 64442040 Pt I Line 2 COVID-19 BUSINESS ASSISTANCE PROGRAMS WERE ADMINISTERED ON BEHALF OF Pt I Line 2 LOCAL GOVERNMENTS AND FOUNDATIONS BASED ON QUALIFYING CRITERIA. Pt I Line 2 APPLICATIONS WERE REVIEWED BY UNDERWRITERS AND OVERSIGHT AGENCIES FOR Pt I Line 2 ELIGIBILITY PRIOR TO FUNDING. X X X false false false false false false false false false JANIE BARRERA 190550 0 10000 0 0 0 107506 0 24273 0 332329 0 0 0 RICHARD RUEBE 135000 0 6753 0 0 0 5379 0 21059 0 168191 0 0 0 BOB SCHRAITLE 157451 0 2175 0 0 0 4724 0 2928 0 167278 0 0 0 NELLY ROJAS-MORENO 131630 0 14324 0 0 0 0 0 7704 0 153658 0 0 0 CHRIS ALLEN 145440 0 1919 0 0 0 5167 0 13188 0 165714 0 0 0 DAN YOXALL 126250 0 6224 0 0 0 4564 0 17905 0 154943 0 0 0 X DEBT FORGIVENESS 1 1523780 CURRENT BALANCE X BELOW MARKET LOANS 117 636399 MARKET RATE 3.25% false false false Pt VI, Line 11b THE FORM 990 IS E-MAILED TO EACH DIRECTOR PRIOR TO Pt VI, Line 11b FILING FOR THEIR REVIEW AND APPROVAL. Pt VI, Line 12c THE MEMBERS OF THE BOARD ANNUALLY SIGN STATEMENTS OF Pt VI, Line 12c NON-CONFLICT OF INTEREST. Pt VI, Line 15a THE BOARD OF DIRECTORS ANNUALLY REVIEW AND APPROVE Pt VI, Line 15a COMPENSATION. Pt VI, Line 19 LIFTFUND MAKES ITS GOVERNING DOCUMENTS AVAILABLE Pt VI, Line 19 BY REQUEST. Pt VI, Line 8b THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON Pt VI, Line 8b BEHALF OF THE GOVERNING BODY. AT MICROLOANS I LLC 2007 WEST MARTIN STREET SAN ANTONIO TX 78207 742712770 SMALL BUSINESS MICROLOANS TX 0 0 NA ACCION MARTIN HOLDINGS INC 2007 WEST MARTIN STREET SAN ANTONIO TX 78207 464275961 PROPERTY HOLDING TX 501(C)(2) LIFTFUND INC true LIFTFUND FUNDING LLC 2007 WEST MARTIN STREET SAN ANTONIO TX 78207 823660059 LENDING CAPITAL TX RELATED -200 0.00000 LIFTFUND FUNDING II LLC 2007 WEST MARTIN STREET SAN ANTONIO TX 78207 843135426 LENDING CAPITAL TX RELATED -239 0.00000 false false false false true false false false false false true true false false false false false false false ACCION MARTIN HOLDINGS INC K 45750 AGREEMENT LIFTFUND FUNDING LLC E 1750000 AGREEMENT LIFTFUND FUNDING II LLC E 2500000 AGREEMENT LIFTFUND FUNDING LLC L 4375 AGREEMENT LIFTFUND FUNDING II LLC L 6250 AGREEMENT