2025-11-17T14:05:14-07:00 2024-12-31 990 2024-01-01 383910893 OTR RESOURCES OTRR 2142262542 202 W Comsock Street Dallas TX 75208 Michelle Corson CEO 2142262542 2025-11-17 1 2024 2025-03-06 01:10:19Z X Michelle Corson 202 W Comstock Dallas TX 75208 1767095 0 X www.ontheroadlending.com X 2013 TX To lift people from poverty through transportation innovation. 7 7 16 7 0 0 2458635 1760995 432398 6100 0 0 0 0 2891033 1767095 10000 214862 0 0 1206817 1225134 0 0 64086 1518126 1087131 2734943 2527127 156090 -760032 11746055 4416968 17759110 12187524 -6013055 -7770556 X On the Road Resources seeks to lift people from poverty through transportation innovation, providing financial workforce education. 0 0 0 0 0 Freedom of Mobility Program enables clients to purchase a late model vehicle under warranty. On the Road Lending worked with about 1,000 people in the Mobility Program. 2327919 1767098 On the Road Resource's transportation workforce training program provides apprenticeships in five programs registered with the Department of Labor. 0 0 0 2327919 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 9 0 1 16 1 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 1 1 X Michelle Corson 2142262542 202 W Comsock Street Dallas TX 75208 X William Long President 40.00 X 176511 0 13698 Lonnie Smith President 40.00 X X 156908 0 13455 David Char Chairman 1 X X 0 0 0 Michelle Corson CEO & Director 15.00 X X 0 0 0 Yolanda Turner Secretary 1 X X 0 0 0 Yvette Richards Director 1 X 0 0 0 Kevin Conley Director 1 X 0 0 0 Sharron Hunt Director 1 X 0 0 0 Rich Walden Director 1 X 0 0 0 333419 0 27153 2 1 1 0 0 100000 0 0 0 0 1660995 0 1760995 Garage Program 532420 6100 6100 0 0 0 0 0 0 6100 0 0 0 0 0 0 1767095 6100 0 0 214862 214862 979106 921790 28658 28658 177272 165918 5677 5677 68756 64376 2190 2190 8994 8994 36200 36200 34531 34531 28888 28688 200 46781 30033 16748 46255 46255 12840 12840 394822 394822 447904 448335 -249 -182 2373 2373 Grant Support 27543 0 0 27543 2527127 2327919 135122 64086 X 502030 735225 510343 10299 0 2511745 7362 43903 48718 42359 10616971 6359 609393 609393 11746055 4416968 2627551 3685491 2033 502033 15129526 8000000 0 17759110 12187524 X -6013055 -7770556 0 0 -6013055 -7770556 11746055 4416968 X -760032 0 0 0 0 -997469 X 0 0 0 X 927611 4779694 2205649 2458635 1767095 12138684 927611 4779694 2205649 2458635 1767095 12138684 3516490 8622194 8565 270 6 8841 40 40 12147565 0.70979 0.5938 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 48718 0 42359 6359 6359 Investment In OTRF 609393 609393 1 Champion Impact Capital 202 W Comstock Street Dallas TX 75208 460993106 200000 A portion of contributions received by On the Road Resources was allocated to Champion Impact Capital. On the Road Lending 202 W Comstock Street Dallas TX 75208 464320459 9862 A portion of a grant received by On the Road Resources was allocated to On the Road Lending. 2 0 Schedule I, Part I, Line 2 A portion of a grant was allocated for program expenses of Champion Impact Capital and OTR Lending. X X 0 0 0 0 0 0 0 0 0 Lonnie Smith President 156908 0 0 0 0 0 0 0 13455 0 170363 0 0 William Long President 176511 0 0 0 0 0 0 0 13698 0 190209 0 0 0 Form 990, Part III, Line 1 The Mobility Program helps to make better consumers by providing financial coaching, coursework and vehicle selection assistance, by 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. Form 990, Part VI, Section B, Line 11b Form 990 is emailed to the Board Treasurer before the return is filed. Form 990, Part VI, Section B, Line 12c 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 OTR Resources. 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 B, Line 15 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 VI, Section C, Line 19 The organization' governing documents, policies and financial statements are made available upon request. Form 990, Part X, Line 23 The organization executed loan agreements on November 23, 2021, that provide for borrowings of $5,696,600 and $2,303,400 from GSNMF Sub - CDE 34 LLC. The loans were to refinance certain property and provide funding for improvements to the property and are intended to be treated as "Qualified Low-Income Community Investment" for purposes of generating New Market Tax Credits under Section 45D of the Internal Revenue Code of 1986, as Amended. The loans are secured by a property deed of trust, security agreement and guaranteed by Champion Impact Capital, an affiliate of the organization. Each loan accrues interest at 1%, payable quarterly beginning on December 2021 until November 2028. Quarterly principal payments begin March 2029. After the first day following the end of the tax credit investment period or the occurrence of a NMTC Recapture Event and for 180 days thereafter, U.S. Bancorp Community Development Corporation (USBCDC) can exercise its "Put Option" to sell its interest in Twain Investment Fund 601, LLC (Investment Fund) to the organization for $1,000 plus transfer taxes and other closing costs, any amounts due and owing from OTRL or any of the organization's affiliates, any unpaid management fees and expenses of the investment fund other than company expenses. In the event that USBCDC has not exercised the Put Option, Champion Impact Capital shall have the right and option to purchase all, but not less than all, of USBCDC's interest for 180 calendar days following the expiration of the Put Option. After exercising its option to purchase the interest in the fund, the organization can cancel the New Markets Tax Credit Program Notes Payable. Form 990, Part XI, Line 9 Debt Forgiveness from On the Road Garage