2019-04-30T13:53:39-05:00 2018-12-31 310800053 CLARK SCHAEFER HACKETT & CO 3166 N Republic Blvd Toledo OH 43615 990 2018-01-01 205542830 West Central Development Corporation dba Anchor Financial Services WEST 4198738322 955 Commerce Dr No A Perrysburg OH 43551 Julie Jurosic Executive VP, CFO 4198738322 2019-04-30 1 Eric M Golus P00841492 4198412848 2019-04-30 72.240.120.3 2019-04-30 10:16:22 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 B2AC1FC51D2A7FC76EF4EC439084DC676019C2E3 2018 2019-02-21 02:37:17Z Julie E Jurosic CPA 955 Commerce Dr No A Perrysburg OH 43551 593140 0 X anchorsba.com X 2006 OH To improve the lives of disadvantaged people and strengthen distressed communities through innovative finance. 5 4 9 0 0 0 0 0 788357 592413 -14377 727 0 0 773980 593140 0 0 0 0 321119 290416 0 0 0 224836 298381 545955 588797 228025 4343 1754519 1709735 1018230 991605 736289 718130 To promote economic development and sustainable job growth through financing of viable small businesses by being an agent of the government,a partner for community banks and a champion for businesses. 0 0 228102 332609 Community Advantage Loan Program - Administer an outstanding loan portfolio of $6,238,565. During 2018, 26 loans totaling $2,354,000 were approved, and 23 loans totaling $2,001,500 were funded. This program provides loans to small businesses for working capital, inventory, leasehold improvements, and other general business expenses. 78.6% of the loans were provided to small businesses within Underserved Markets and 292.5 jobs have been created. 1,267.75 hours of technical support were provided. The Community Advantage Loan Program adheres to the policies and procedures set forth by the U.S. Small Business Administration. 155542 226806 504 Loan Program - Administer an outstanding portfolio of $36,119,174. During 2018, 2 loans totaling $1,763,000 were approved and 4 loans totaling $4,145,000 were funded. This program provides loans to small businesses for fixed asset projects and 2,395 jobs have been created. The 504 Loan Program adheres to the policies and procedures as set forth by the U.S. Small Business Administration. 28478 41525 Regional 166 Loan Program - Administer an outstanding loan portfolio of $2,032,225. During 2018, 1 loan totaling $165,000 was funded. This program provides loans to Ohio manufacturers for fixed asset purchases or improvements and 322 jobs have been created. The Regional 166 Loan Program adheres to the policies and procedures set forth by the Ohio Department of Administrative Services. 6793 727 6793 727 418915 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 1 9 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 OH FL X X X Julie E Jurosic CPA 4198738322 955 Commerce Dr Suite A Perrysburg OH 43551 Robert Huff President 40.00 X X 109933 0 0 Julie Jurosic Secretary/Treasurer 5.00 X X 14250 0 0 William Leahy Board Member 1.00 X 0 0 0 Eugene Brunswick Board Member 1.00 X 0 0 0 Timothy Lones Board Member 1.00 X 0 0 0 124183 0 0 1 0 0 0 0 Loan Administration In 522291 592413 592413 592413 727 727 593140 592413 0 727 124183 99347 24836 132370 105896 26474 12502 10002 2500 21361 17089 4272 28735 28735 1915 1915 7735 7735 29432 22299 7133 80821 64657 16164 15423 12338 3085 47106 47106 10749 8599 2150 3553 3553 Contributed Services 60528 60528 Training and Developmen 4348 3478 870 Dues and Subscriptions 3389 2711 678 Loan Loss Reserve Expen 2593 2593 2054 1643 411 588797 418915 169882 0 208795 158802 211343 397270 250000 0 58051 0 964994 1063560 5628 74627 15440 38029 59187 23307 25288 1754519 1709735 54403 90355 963827 901250 1018230 991605 X 736289 718130 736289 718130 1754519 1709735 4343 -22502 0 X 0 1 X 0 0 X 400199 664760 895162 788357 592413 3340891 400199 664760 895162 788357 592413 3340891 0 0 0 3340891 5 67 232 358 727 1389 5 67 232 358 727 1389 400204 664827 895394 788715 593140 3342280 0.99960 0.99970 0.00040 0.00030 X 74627 15440 59187 59187 X 593140 0 593140 0 593140 588797 0 588797 0 588797 Part X, Line 2: The Organization has determined that there are no uncertain tax positions that require disclosure in these financial statements under the FASB Accounting Standards Codification Topic Income Taxes. Form 990, Part VI, Section B, line 11b Upon completion, a copy of the Form 990 is provided to each board member for their review. Board members are given a deadline which comments must be received. After the required deadline has passed, all comments or questions are addressed with the entire board. The Form 990 is then submitted to the Internal Revenue Service in compliance with Federal and Board Regulation. Form 990, Part VI, Section B, line 12c Activity since the previous meeting is discussed at each board meeting. If any Board Member has a conflict of interest with any of the activity, they are to note that information immediately and abstain from any potential vote regarding the matter. Form 990, Part VI, Section B, line 15 Compensation is based upon an industry study for each position. The annual average compensation structure is used to determine the current annual salary of each employee. Annual employee performance evaluations along with any changes or additions in job responsibilities as well as the overall financial status of the organization and projected budget are also taken into account in evaluating any changes to compensation. Form 990, Part VI, Section C, line 18 The governing documents, conflict of interest policy, and financial statements are all made available to the public through inspection at an office of the Organization. Additionally, as a non-profit organization, the annual tax return, which includes financial information is posted on the Guidestar website for viewing by the general public. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest policy, and financial statements are all made available to the public through inspection at an office of the Organization.