2017-08-25T14:53:22-05:00 2016-12-31 310800053 CLARK SCHAEFER HACKETT & CO Two Maritime Plaza Suite 202 Toledo OH 43604 990 2016-01-01 205542830 West Central Development Corporation dba Anchor Financial Services WEST 4192220130 915 West Market Street Lima OH 45805 Julie Jurosic Executive VP, CFO 4192220130 2017-08-04 1 Eric M Golus P00841492 4192430218 2017-08-04 72.240.120.5 2017-08-04 08:30:58 ED P 7C08B671D5A9C989CE1A1E89D2E51074795245E8 6FC6ED61BACF54CE761C7BDAF78D91F4FED78F8C 2016 2021-01-29 14:40:06Z Julie E Jurosic CPA 915 West Market Street Lima OH 45805 895394 0 X anchorsba.com X 2006 OH To improve the lives of disadvantaged people and strengthen distressed communities through innovative finance. 5 5 7 0 0 0 0 0 664760 895162 67 232 0 0 664827 895394 0 0 0 0 290467 319815 0 0 0 209376 372814 499843 692629 164984 202765 780023 1324993 474524 816729 305499 508264 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 277434 388939 Community Advantage Loan Program - Administer an outstanding loan portfolio of $4,887,258. During 2016, 27 loans totaling $2,642,500 were approved and funded. This program provides loans to small businesses for working capital, inventory, leasehold improvements, and other general business expenses. 85% of the loans were provided to small businesses within Underserved Markets and 163 jobs have been created. 728.75 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. 240997 337614 504 Loan Program - Administer an outstanding portfolio is $44,551,414. During 2016, 3 loans totaling $1,601,000 were approved and 6 loans totaling $4,784,000 were funded. This program provides loans to small businesses for fixed asset projects and 2,303 jobs have been created. The 504 Loan Program adheres to the policies and procedures as set forth by the U.S. Small Business Administration. 30684 43249 Regional 166 Loan Program - Administer an outstanding loan portfolio of $2,643,147. During 2016, 3 loan totaling $778,600 was approved and 3 loan totaling $931,000 was funded. This program provides loans to Ohio manufacturers for fixed asset purchases or improvements and 304 jobs have been created. The Regional 166 Loan Program adheres to the policies and procedures as set forth by the Ohio Department of Administrative Services. 0 124999 124999 549115 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 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 10 0 1 7 1 0 0 0 0 0 0 0 0 X 5 5 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 4192220130 915 W Market Street Lima OH 45805 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 Robert Huff President 40.00 X 112707 0 0 Julie Jurosic Secretary/Treasurer 5.00 X 0 0 0 112707 0 0 1 0 0 0 0 Loan Administration In 522291 895162 895162 895162 232 232 895394 232 0 895162 286675 229340 57335 12114 9691 2423 21026 16821 4205 14323 14323 4815 3852 963 48239 38591 9648 8375 6700 1675 24322 24322 14131 11305 2826 Contributions 165032 165032 Info/Communications Exp 25119 20095 5024 Professional Fees 19932 19932 Loan Loss Reserve Expen 9895 9895 38631 23470 15161 692629 549115 143514 0 159408 160854 110289 171798 13051 135799 408093 759770 70654 29439 55346 41215 33836 55557 780023 1324993 22104 5318 445088 798082 7332 13329 474524 816729 X 305499 508264 305499 508264 780023 1324993 202765 0 X 0 1 X 0 0 X 116686 2250 0 0 0 118936 585696 508355 400199 664760 895162 3054172 702382 510605 400199 664760 895162 3173108 0 0 0 3173108 305 344 5 67 232 953 305 344 5 67 232 953 702687 510949 400204 664827 895394 3174061 0.99970 0.00030 X Part IV, Section E, Line 2a: Organization supports West Central Partnership Regional 166, Inc. and West Central Partnership, Inc. in providing loan application packaging, closing, and loan servicing functions. Both organizations have an exempt purpose of providing loans to small businesses. When either organization has a small business applicant, organization is contracted to provide the necessary loan functions in order to properly document, approve, close, and service the small business loan. Part IV, Section E, Line 2b: Organization provides loan application packaging, closing, and loan servicing functions for the supported organizations. If organization were unable to provide these services, the supported organizations would have to provide these services in order to continue with providing loans to small businesses in conjunction with their non-profit status. Part IV, Section D, Line 2: Organization supports West Central Partnership Regional 166, Inc. and West Central Partnership, Inc. in providing loan application packaging, closing, and loan servicing functions. Both organizations have an exempt purpose of providing loans to small businesses. When either organization has a small business applicant, organization is contracted to provide the necessary loan functions in order to properly document, approve, close, and service the small business loan. 70654 29439 41215 41215 Accrued Salaries and Payroll Withholdings 13170 State and Local Tax Payable 159 13329 X 895394 0 895394 0 895394 692629 0 692629 0 692629 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 ASC topic, Income Taxes. The tax years 2013 through 2016 are subject to possible examination by the Internal Revenue Service. 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.