NEW HAMPSHIRE COMMUNITY LOAN FUND: Form 990, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- NEW HAMPSHIRE COMMUNITY LOAN FUND (EIN 22-2524015)
- Tax period
- 2014-07-01 to 2015-06-30
- Filed
- 2015-11-06
- IRS object ID
- 201503109349300630
- Schema version
- 2014v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule I
- Schedule J
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2015-11-06T09:47:04-06:00 | ReturnTs |
| Tax Period End | 2015-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 042571780 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ALEXANDER ARONSON FINNING & CO PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 21 EAST MAIN STREET | AddressLine1Txt |
| City | WESTBORO | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01581 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2014-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 222524015 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NEW HAMPSHIRE COMMUNITY LOAN FUND INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NEWH | BusinessNameControlTxt |
| Phone | 6032246669 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7 WALL STREET | AddressLine1Txt |
| City | CONCORD | CityNm |
| State Abbreviation | NH | StateAbbreviationCd |
| ZIP | 03301 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JULIANA EADES | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 6032246669 | PhoneNum |
| Signature | 2015-11-02 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | THOMAS WASHBURN CPA | PreparerPersonNm |
| PTIN | P00537319 | PTIN |
| Phone | 5083669100 | PhoneNum |
| Preparation | 2015-11-02 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JULIANA EADES | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7 WALL STREET | AddressLine1Txt |
| City | CONCORD | CityNm |
| State Abbreviation | NH | StateAbbreviationCd |
| ZIP | 03301 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $11,765,290 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.COMMUNITYLOANFUND.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1983 | FormationYr |
| Legal Domicile State | NH | LegalDomicileStateCd |
| Activity Or Mission | TO SERVE AS A CATALYST, LEVERAGING FINANCIAL, HUMAN AND CIVIC RESOURCES TO ENABLE TRADITIONALLY UNDERSERVED PEOPLE TO ATTAIN AFFORDABLE HOMES, QUALITY JOBS AND CHILD CARE, AND BECOME FINANCIALLY INDEPENDENT. WE DO THIS BY PROVIDING LOANS, CAPITAL AND TECHNICAL ASSISTANCE; COMPLEMENTING AND EXTENDING THE REACH OF CONVENTIONAL LENDERS AND PUBLIC INSTITUTIONS; AND BRINGING PEOPLE AND INSTITUTIONS TOGETHER TO SOLVE PROBLEMS.ESTABLISHED IN 1983, THE COMMUNITY LOAN FUND WAS ONE OF THE FIRST COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS IN THE NATION, AND IS RECOGNIZED AS A NATIONAL LEADER FOR ITS INNOVATION, SOCIAL IMPACT, AND FINANCIAL STRENGTH AND PERFORMANCE. THE COMMUNITY LOAN FUND WAS THE 2009 RECIPIENT OF THE NEXT AWARD FOR OPPORTUNITY FINANCE, THE HIGHEST HONOR IN OUR FIELD. | ActivityOrMissionDesc |
| Voting Members Governing Body | 15 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 14 | VotingMembersIndependentCnt |
| Total Employee | 64 | TotalEmployeeCnt |
| Total Volunteers | 29 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $3,086,673 | PYContributionsGrantsAmt |
| CY Contributions Grants | $4,607,789 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $5,971,820 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $6,185,299 | CYProgramServiceRevenueAmt |
| PY Investment Income | $65,144 | PYInvestmentIncomeAmt |
| CY Investment Income | $44,582 | CYInvestmentIncomeAmt |
| PY Other Revenue | $43,155 | PYOtherRevenueAmt |
| CY Other Revenue | $281,759 | CYOtherRevenueAmt |
| PY Total Revenue | $9,166,792 | PYTotalRevenueAmt |
| CY Total Revenue | $11,119,429 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $864,959 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $527,950 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $4,520,666 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $4,624,157 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $218,425 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $3,900,783 | PYOtherExpensesAmt |
| CY Other Expenses | $4,823,169 | CYOtherExpensesAmt |
| PY Total Expenses | $9,286,408 | PYTotalExpensesAmt |
| CY Total Expenses | $9,975,276 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$119,616 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,144,153 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $96,742,290 | TotalAssetsBOYAmt |
| Total Assets EOY | $104,617,612 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $76,230,891 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $82,630,378 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $20,511,399 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $21,987,234 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | TO SERVE AS A CATALYST, LEVERAGING FINANCIAL, HUMAN AND CIVIC RESOURCES TO ENABLE TRADITIONALLY UNDERSERVED PEOPLE TO ATTAIN AFFORDABLE HOMES, QUALITY JOBS AND CHILD CARE, AND BECOME FINANCIALLY INDEPENDENT. WE DO THIS BY PROVIDING LOANS, CAPITAL AND TECHNICAL ASSISTANCE; COMPLEMENTING AND EXTENDING THE REACH OF CONVENTIONAL LENDERS AND PUBLIC INSTITUTIONS; AND BRINGING PEOPLE AND INSTITUTIONS TOGETHER TO SOLVE PROBLEMS.ESTABLISHED IN 1983, THE COMMUNITY LOAN FUND WAS ONE OF THE FIRST COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS IN THE NATION, AND IS RECOGNIZED AS A NATIONAL LEADER FOR ITS INNOVATION, SOCIAL IMPACT, AND FINANCIAL STRENGTH AND PERFORMANCE. THE COMMUNITY LOAN FUND WAS THE 2009 RECIPIENT OF THE NEXT AWARD FOR OPPORTUNITY FINANCE, THE HIGHEST HONOR IN OUR FIELD. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $4,511,938 | ExpenseAmt |
| Grant | $442,328 | GrantAmt |
| Revenue | $5,470,745 | RevenueAmt |
| Desc | AFFORDABLE HOUSING - SEE SCHEDULE O | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $3,260,813 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $15 | RevenueAmt |
| Desc | CAPITALIZATION AND PHILANTHROPY - SEE SCHEDULE O | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,019,458 | ExpenseAmt |
| Grant | $77,537 | GrantAmt |
| Revenue | $727,021 | RevenueAmt |
| Desc | ECONOMIC OPPORTUNITY - SEE SCHEDULE O | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $160,179 | ExpenseAmt |
| Grant | $8,085 | GrantAmt |
| Revenue | $205,787 | RevenueAmt |
| Desc | IN FY 15, THE COMMUNITY LOAN FUND MADE ONE COMMUNITY FACILITIES LOAN TOTALING $600,000. THAT LOAN SUPPORTED THE CONSTRUCTION OF A NEW 13,590 SQUARE FOOT CHILD CARE FACILITY SERVING 125 CHILDREN, 24 STAFF AND THE NEEDS OF WORKING PARENTS. WE ALSO PROVIDED 202 HOURS OF TECHNICAL ASSISTANCE.SINCE 1984, OUR COMMUNITY FACILITIES FINANCING HAS SUPPORTED ESSENTIAL SERVICES, INCLUDING NONPROFIT AND HOME-BASED CHILD DEVELOPMENT SERVICES, BY HELPING NONPROFIT ORGANIZATIONS BUY, RENOVATE, OR BUILD FACILITIES.KEYSTONE HALL IN NASHUA HAS PROVIDED 28 YEARS OF COMPREHENSIVE SUBSTANCE USE TREATMENT AND RECOVERY SERVICES. IN 2011, KEYSTONE HALL WAS STUCK. ITS BANK COULDN'T LEND THE FULL COST OF A MUCH-NEEDED RELOCATION AND EXPANSION. A LOAN FROM THE N.H. COMMUNITY LOAN FUND FILLED THE GAP.TODAY, KEYSTONE TREATS THOUSANDS MORE PEOPLE FOR SUBSTANCE USE DISORDERS AND HOUSES A MEDICAL CLINIC AND N.H.'S ONLY RESIDENTIAL PROGRAM FOR PREGNANT WOMEN AND WOMEN WITH FAMILIES. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $160,179 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $8,085 | TotalOtherProgSrvcGrantAmt |
| Total Other Prog Srvc Revenue | $205,787 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $8,952,388 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (1) | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 424 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 64 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 15 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 14 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NH | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BONNIE SCADOVA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6032246669 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7 WALL STREET | AddressLine1Txt |
| City | CONCORD | CityNm |
| State Abbreviation | NH | StateAbbreviationCd |
| ZIP | 03301 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (19 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| DEBORAH BUTLER | |||||||
| TREASURER | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| CHRISTINA HILL | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| SARA VARELA | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| LOIS PARRIS | |||||||
| SECRETARY | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| PAULA ROGERS | |||||||
| FORMER CHAIR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| RANDY ROODY | |||||||
| VICE TREASURER | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| MICHAEL SWACK | |||||||
| EMERITUS | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| TOM BUNNELL | |||||||
| VICE CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| DAN MULLER | |||||||
| CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| PAUL SPANG | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JANET ACKERMAN | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DEAN LIZOTTE | |||||||
| FORMER MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| BRIGID MURRAY | |||||||
| VICE SECRETARY | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| ANTHONY POORE | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JULIANA EADES | |||||||
| PRESIDENT | 40.00 | Yes (X) | Yes (X) | $139,042 | $0 | $11,992 | |
| BETSY MCNAMARA | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| BONNIE SCADOVA | |||||||
| CHIEF FINANCIAL OFFICER | 40.00 | Yes (X) | $99,169 | $0 | $17,080 | ||
| DEBRA MILLER | |||||||
| VP OF EXTERNAL RELATIONS | 40.00 | $104,195 | $0 | $15,808 | Yes (X) | ||
| JOHN HAMILTON | |||||||
| VP OF ECONOMIC OPPORTUNITY | 40.00 | $101,323 | $0 | $8,438 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $443,729 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $53,318 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 3 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $2,285,022 | GovernmentGrantsAmt |
| All Other Contributions | $2,322,767 | AllOtherContributionsAmt |
| Noncash Contributions | $48,150 | NoncashContributionsAmt |
| Total Contributions | $4,607,789 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| INTEREST FROM LOANS | 531390 | $6,069,613 | $6,069,613 |
| RENTAL INCOME | 531120 | $86,420 | $86,420 |
| TRAINING, LOAN AND OTHER FEE | 531390 | $29,266 | $29,266 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $6,185,299 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $108,072 | TotalRevenueColumnAmt |
| Exclusion | $108,072 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $582,371 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $645,861 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -$63,490 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$63,490 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$63,490 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| LOAN RELATED FEES | 900099 | $288,420 | $288,420 |
| LOSS ON SALE OF OTHER ASSETS | 900099 | -$6,661 | -$6,661 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $281,759 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $11,119,429 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $6,403,568 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $108,072 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $85,622 | TotalAmt |
| Program Services | $85,622 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $442,328 | TotalAmt |
| Program Services | $442,328 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $277,853 | TotalAmt |
| Program Services | $91,123 | ProgramServicesAmt |
| Management And General | $156,355 | ManagementAndGeneralAmt |
| Fundraising | $30,375 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,490,752 | TotalAmt |
| Program Services | $3,180,305 | ProgramServicesAmt |
| Management And General | $169,222 | ManagementAndGeneralAmt |
| Fundraising | $141,225 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $108,511 | TotalAmt |
| Program Services | $98,241 | ProgramServicesAmt |
| Management And General | $5,511 | ManagementAndGeneralAmt |
| Fundraising | $4,759 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $463,843 | TotalAmt |
| Program Services | $322,474 | ProgramServicesAmt |
| Management And General | $128,332 | ManagementAndGeneralAmt |
| Fundraising | $13,037 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $283,198 | TotalAmt |
| Program Services | $246,274 | ProgramServicesAmt |
| Management And General | $23,434 | ManagementAndGeneralAmt |
| Fundraising | $13,490 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $28,509 | TotalAmt |
| Program Services | $26,794 | ProgramServicesAmt |
| Management And General | $1,560 | ManagementAndGeneralAmt |
| Fundraising | $155 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $50,764 | TotalAmt |
| Program Services | $34,258 | ProgramServicesAmt |
| Management And General | $14,983 | ManagementAndGeneralAmt |
| Fundraising | $1,523 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $127,923 | TotalAmt |
| Program Services | $100,947 | ProgramServicesAmt |
| Management And General | $24,464 | ManagementAndGeneralAmt |
| Fundraising | $2,512 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $47,470 | TotalAmt |
| Program Services | $47,470 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $346,503 | TotalAmt |
| Program Services | $301,148 | ProgramServicesAmt |
| Management And General | $37,314 | ManagementAndGeneralAmt |
| Fundraising | $8,041 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $53,175 | TotalAmt |
| Program Services | $39,587 | ProgramServicesAmt |
| Management And General | $12,215 | ManagementAndGeneralAmt |
| Fundraising | $1,373 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $129,038 | TotalAmt |
| Program Services | $64,519 | ProgramServicesAmt |
| Management And General | $64,519 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $116,992 | TotalAmt |
| Program Services | $109,699 | ProgramServicesAmt |
| Management And General | $6,239 | ManagementAndGeneralAmt |
| Fundraising | $1,054 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,817 | TotalAmt |
| Program Services | $9,779 | ProgramServicesAmt |
| Management And General | $917 | ManagementAndGeneralAmt |
| Fundraising | $121 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,641,005 | TotalAmt |
| Program Services | $2,641,005 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $195,007 | TotalAmt |
| Program Services | $104,355 | ProgramServicesAmt |
| Management And General | $90,652 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $122,568 | TotalAmt |
| Program Services | $61,284 | ProgramServicesAmt |
| Management And General | $61,284 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| LOAN LOSS PROVISION | $839,670 | $839,670 | ||
| PROPERTY EXPENSES | $47,554 | $47,554 | ||
| TRAINING | $35,935 | $27,713 | $7,462 | $760 |
| GUARANTY FEE | $30,239 | $30,239 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,975,276 | TotalAmt |
| Program Services | $8,952,388 | ProgramServicesAmt |
| Management And General | $804,463 | ManagementAndGeneralAmt |
| Fundraising | $218,425 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,320,409 | BOYAmt |
| EOY | $6,608,932 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $277,004 | BOYAmt |
| EOY | $697,318 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $559,987 | BOYAmt |
| EOY | $721,586 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $35,607 | BOYAmt |
| EOY | $12,255 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $5,644,645 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,419,226 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,358,264 | BOYAmt |
| EOY | $4,225,419 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,415,319 | BOYAmt |
| EOY | $6,485,220 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $75,527,142 | BOYAmt |
| EOY | $85,857,882 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $248,558 | BOYAmt |
| EOY | $9,000 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $96,742,290 | BOYAmt |
| EOY | $104,617,612 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,136,345 | BOYAmt |
| EOY | $1,167,795 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $723,852 | BOYAmt |
| EOY | $438,831 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $65,770,694 | BOYAmt |
| EOY | $72,423,752 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,600,000 | BOYAmt |
| EOY | $8,600,000 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $76,230,891 | BOYAmt |
| EOY | $82,630,378 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,175,490 | BOYAmt |
| EOY | $10,432,220 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,335,909 | BOYAmt |
| EOY | $11,555,014 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,511,399 | BOYAmt |
| EOY | $21,987,234 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $96,742,290 | BOYAmt |
| EOY | $104,617,612 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $1,144,153 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $331,682 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $7,474,108 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $4,203,462 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,680,786 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,086,673 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,607,789 | CurrentTaxYearAmt |
| Total | $24,052,818 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $7,474,108 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $4,203,462 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,680,786 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,086,673 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,607,789 | CurrentTaxYearAmt |
| Total | $24,052,818 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $24,052,818 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $146,943 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $151,560 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $142,090 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $106,052 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $108,072 | CurrentTaxYearAmt |
| Total | $654,717 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $557 | CurrentTaxYearMinus4YearsAmt |
| Total | $557 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $24,708,092 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $26,722,550 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.97350 | PublicSupportCY170Pct |
| Public Support PY170 | 0.90180 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
Total Grassroots Lobbying TotalGrassrootsLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Total Direct Lobbying TotalDirectLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Total Lobbying Expend TotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Other Exempt Purpose Expend OtherExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $9,975,276 | FilingOrganizationsTotalAmt |
Total Exempt Purpose Expend TotalExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $9,975,276 | FilingOrganizationsTotalAmt |
Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $648,764 | FilingOrganizationsTotalAmt |
Grassroots Nontaxable GrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $162,191 | FilingOrganizationsTotalAmt |
Tot Lbbyng Grassroot Mns Non Tx TotLbbyngGrassrootMnsNonTxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Tot Lbby Expend Mns Lbbyng Non Tx TotLbbyExpendMnsLbbyngNonTxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $643,821 | CurrentYearMinus3Amt |
| Current Year Minus2 | $640,849 | CurrentYearMinus2Amt |
| Current Year Minus1 | $614,320 | CurrentYearMinus1Amt |
| Current Year | $648,764 | CurrentYearAmt |
| Total | $2,547,754 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lobbying Ceiling | $3,821,631 | LobbyingCeilingAmt |
Avg Total Lobbying Expend AvgTotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $5,563 | CurrentYearMinus3Amt |
| Current Year Minus2 | $6,041 | CurrentYearMinus2Amt |
| Current Year Minus1 | $7,716 | CurrentYearMinus1Amt |
| Current Year | $0 | CurrentYearAmt |
| Total | $19,320 | TotalAmt |
Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $160,955 | CurrentYearMinus3Amt |
| Current Year Minus2 | $160,212 | CurrentYearMinus2Amt |
| Current Year Minus1 | $153,580 | CurrentYearMinus1Amt |
| Current Year | $162,191 | CurrentYearAmt |
| Total | $636,938 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grassroots Ceiling | $955,407 | GrassrootsCeilingAmt |
Avg Grassroots Lobbying Expend AvgGrassrootsLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $930 | CurrentYearMinus3Amt |
| Current Year Minus2 | $932 | CurrentYearMinus2Amt |
| Current Year Minus1 | $13 | CurrentYearMinus1Amt |
| Current Year | $0 | CurrentYearAmt |
| Total | $1,875 | TotalAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | 0 | InclEscrowCustodialAcctLiabInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $321,461 | OtherCostOrOtherBasisAmt |
| Book Value | $321,461 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,725,953 | OtherCostOrOtherBasisAmt |
| Depreciation | $943,921 | DepreciationAmt |
| Book Value | $3,782,032 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $597,231 | OtherCostOrOtherBasisAmt |
| Depreciation | $475,305 | DepreciationAmt |
| Book Value | $121,926 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $4,225,419 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (3 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| LOANS RECEIVABLE | $83,183,956 | F |
| ROC USA | $1,866,461 | F |
| OTHER PROGRAM-RELATED EQUITY INVESTMENTS | $807,465 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $85,857,882 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | EQUITY EQUIVALENTS PAYABLE | Desc |
| Amt | $8,600,000 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $8,600,000 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $7,442,486 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $331,682 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$4,008,625 | OtherRevenueAmt |
| Revenue Not Reported | -$3,676,943 | RevenueNotReportedAmt |
| Revenue Subtotal | $11,119,429 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $11,119,429 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $5,966,651 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $5,966,651 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $4,008,625 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $4,008,625 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $9,975,276 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | THE COMMUNITY LOAN FUND ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE COMMUNITY LOAN FUND HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT JUNE 30, 2015. THE COMMUNITY LOAN FUND'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS AND GENERALLY REMAIN OPEN FOR THE MOST RECENT THREE YEARS. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | INTEREST EXPENSE -2,641,005. PASS THROUGH GRANTS TO OTHERS -527,950. NET LOAN LOSS RESERVE -839,670. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | INTEREST EXPENSE 2,641,005. PASS THROUGH GRANTS TO OTHERS 527,950. NET LOAN LOSS RESERVE 839,670. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | Cash GrantCashGrantAmt | Valuation Method UsedValuationMethodUsedDesc | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| BEN'S SUGAR SHACK | |||||||
| 83 WEBSTER HWY | TEMPLE | NH | 03084 | 453293957 | $6,006 | CASH | BUSINESS EDUCATION |
| BROOKFORD FARM | |||||||
| 250 WEST RD | CANTERBURY | NH | 03224 | 264475628 | $26,475 | CASH | BUSINESS EDUCATION |
| HERON POND FARM | |||||||
| 299 MAIN ST | SOUTH HAMPTON | NH | 03827 | 300062866 | $6,000 | CASH | BUSINESS EDUCATION |
| MOONLIGHT MEADERY | |||||||
| 23 LONDONDERRY RD UNIT 17 | LONDONDERRY | NH | 03053 | 271641297 | $6,000 | CASH | BUSINESS EDUCATION |
| THROWBACK BREWERY | |||||||
| 121 LAFAYETTE RD UNIT 3 | NORTH HAMPTON | NH | 03862 | 272829383 | $6,500 | CASH | BUSINESS EDUCATION |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Org | 5 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Valuation Method UsedValuationMethodUsedDesc |
|---|---|---|---|
| IDA MATCHED SAVINGS GRANTS | 172 | $384,951 | CASH |
| ROC-NH INFILL HOME GRANTS | 6 | $57,377 | CASH |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | PROGRAM MANAGERS OVERSEE GRANT PROGRAMS AND MONITOR THE USE OF FUNDS BY GRANTEES THROUGH A VARIETY OF MEANS INCLUDING PERFORMANCE REPORTS, FINANCIAL REPORTS, INVOICES, PHOTOGRAPHY AND OTHER FORMS OF SUBSTANTIATING DOCUMENTATION. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JULIANA EADES | PersonNm |
| Title | PRESIDENT | TitleTxt |
| Base Compensation Filing Org | $139,042 | BaseCompensationFilingOrgAmt |
| Compensation Based On Rltd Orgs | $0 | CompensationBasedOnRltdOrgsAmt |
| Bonus Filing Organization | $0 | BonusFilingOrganizationAmount |
| Bonus Related Organizations | $0 | BonusRelatedOrganizationsAmt |
| Other Compensation Filing Org | $0 | OtherCompensationFilingOrgAmt |
| Other Compensation Rltd Orgs | $0 | OtherCompensationRltdOrgsAmt |
| Deferred Compensation Flng Org | $0 | DeferredCompensationFlngOrgAmt |
| Deferred Comp Rltd Orgs | $0 | DeferredCompRltdOrgsAmt |
| Nontaxable Benefits Filing Org | $11,992 | NontaxableBenefitsFilingOrgAmt |
| Nontaxable Benefits Rltd Orgs | $0 | NontaxableBenefitsRltdOrgsAmt |
| Total Compensation Filing Org | $151,034 | TotalCompensationFilingOrgAmt |
| Total Compensation Rltd Orgs | $0 | TotalCompensationRltdOrgsAmt |
| Comp Report Prior990 Filing Org | $0 | CompReportPrior990FilingOrgAmt |
| Comp Report Prior990 Rltd Orgs | $0 | CompReportPrior990RltdOrgsAmt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 5 | ContributionCnt |
| Noncash Contributions Rpt F990 | $37,222 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Desc | NON-CASH GRANTS CONVERTED FROM LOANS PAYABLE BY DO | Desc |
| Contribution | 5 | ContributionCnt |
| Noncash Contributions Rpt F990 | $10,928 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PT. III, LINE 4A | FOUR COMMUNITY LOAN FUND PROGRAMS ADDRESS N.H.'S NEED FOR HOUSING FOR WORKING FAMILIES AND FOR FAMILIES WITH LOW INCOMES. 1. ROC-NH PROVIDES LOANS, ALONG WITH EDUCATIONAL AND TECHNICAL ASSISTANCE, TO BUILD LONG-TERM VALUE AND SECURITY FOR RESIDENTS OF N.H.'S MANUFACTURED-HOME COMMUNITIES. SINCE 1984, ROC-NH HAS PROVIDED TECHNICAL ASSISTANCE AND FINANCING FOR COMMUNITY PURCHASE AND IMPROVEMENT TO HELP HOMEOWNERS PURCHASE, MANAGE AND IMPROVE THEIR COMMUNITIES AS COOPERATIVE CORPORATIONS. AS OF JUNE 30, 2015, 114 RESIDENT-OWNED COMMUNITIES IN N.H. WERE HOME TO 6,374 (PRIMARILY LOW-INCOME) HOUSEHOLDS. DURING FISCAL YEAR 2015, THE COMMUNITY LOAN FUND MADE 20 LOANS TOTALING $10,752,404. IN DOING SO, IT PRESERVED 282 HOUSING UNITS AND PROVIDED 18,967 HOURS OF TECHNICAL ASSISTANCE TO RESIDENT-OWNED COMMUNITIES. IN AUGUST 2013, THE RESIDENTS OF LAMPREY RIVER AND RAILROAD STREET MOBILE HOME PARKS IN NEWMARKET, N.H. SAW THEIR COLLABORATIVE WORK PAY OFF WHEN THEY COMBINED AND PURCHASED THEIR COMMUNITIES. HERON POINT ESTATES COOPERATIVE BECAME N.H.'S 107TH RESIDENT-OWNED MANUFACTURED-HOME COMMUNITY. USING FUNDING, EDUCATION AND TECHNICAL ASSISTANCE AND TRAINING FROM THE N.H. COMMUNITY LOAN FUND, RESIDENTS OF THE TWO PARKS FORMED HERON POINT ESTATES COOPERATIVE, INC. IN JUNE 2012. THE 37-UNIT COOPERATIVE THEN NEGOTIATED FOR THE FINAL PURCHASE PRICE OF $1.295 MILLION BEFORE FINALIZING THE DEAL WITH MORTGAGES FROM THE COMMUNITY LOAN FUND AND PROFILE BANK. "WE OWN IT, WE MANAGE IT AND WE WILL NEVER HAVE TO WORRY ABOUT SOMEONE COMING IN AND TAKING IT AWAY FROM US. IT HAS BROUGHT A LOT OF US CLOSER TOGETHER AND FORMED OR RENEWED FRIENDSHIPS. WE WILL NOW WORK TOGETHER TO MAKE IT AN AWESOME PLACE TO LIVE BECAUSE IT IS OURS!" SAID CO-OP PRESIDENT SUSAN ROBSHAW. 2. BECAUSE THEY ARE RELATIVELY AFFORDABLE AND AVAILABLE IN RURAL COMMUNITIES, MANUFACTURED HOMES ARE, FOR SOME N.H. FAMILIES, THE HOUSING OPTION OF LAST RESORT. THEY ALSO PROVIDE AN AFFORDABLE OPTION FOR OLDER COUPLES WHO ARE DOWNSIZING AND YOUNG COUPLES BEGINNING FAMILIES. THE COMMUNITY LOAN FUND'S WELCOME HOME LOANS PROVIDE REAL FIXED-RATE MORTGAGE PRODUCTS FOR A GROUP OF HOMEOWNERS THAT DOESN'T OTHERWISE HAVE ACCESS TO SUCH LOANS. MOST BUYERS OF MANUFACTURED HOMES HAVE TO USE PERSONAL PROPERTY LOANS, EVEN WHEN THEY OWN THE LAND THE HOUSE WILL OCCUPY, OR WHEN THEY HAVE SECURED THE LAND THROUGH COOPERATIVE OWNERSHIP. IN MAKING MORE THAN $41 MILLION IN LOANS SINCE 2002, WELCOME HOME LOANS HAVE SHOWN THESE BORROWERS TO BE BETTER-THAN-AVERAGE RISKS, WITH A CUMULATIVE LOSS RATE OF JUST 2.07 PERCENT. DURING FY 15, WELCOME HOME LOANS PROVIDED $5.18 MILLION IN FINANCING TO 95 HOMEOWNERS. IN 2009, OUR WELCOME (THEN CALLED COOPERATIVE) HOME LOANS EARNED THE COMMUNITY LOAN FUND THE HIGHEST HONOR GIVEN TO COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS: THE NEXT AWARD FOR OPPORTUNITY FINANCE. THE PROGRAM'S STRONG PERFORMANCE HAS ALSO ATTRACTED OTHER CONVENTIONAL RESIDENTIAL LENDERS, INCLUDING USDA, NH HOUSING FINANCE AUTHORITY AND FANNIE MAE, TO THIS EMERGING MARKET. WELCOME HOME LOANS FILL A GAP FOR BORROWERS LIKE MANDY BARTLEY, A WOMAN FOR WHOM OWNING A HOME WAS UNTHINKABLE 10 YEARS AGO. SHE WAS A 20-YEAR-OLD SINGLE MOM, LIVING IN PUBLIC HOUSING, HER CREDIT AND LIFE SEEMINGLY WRECKED BY BAD TEENAGE CHOICES. HER JOURNEY BACK TOOK A LOT OF HARD WORK. MANDY GOT A GOOD JOB, WORKED HARD AT HOMEBUYER AND BUDGETING CLASSES, AND REBUILT HER CREDIT. SHE USED HER SAVINGS FOR A DOWN PAYMENT, QUALIFIED FOR A WELCOME HOME LOAN, AND FOUND A MANUFACTURED HOME AND AN OPEN LOT IN EXETER RIVER MHP COOPERATIVE, CLOSE TO HER PARENTS. IT WAS EXHAUSTING, SHE SAYS, BUT WORTH IT. "IN THE PAST 10 YEARS MY LIFE HAS GONE FROM AWFUL TO 'WOW, I DID IT.'" 3. THE COMMUNITY HOUSING PROGRAM EXPANDS N.H.'S SUPPLY OF INCREASINGLY SCARCE AFFORDABLE HOUSING, WITH THE GOAL OF KEEPING IT PERMANENTLY AFFORDABLE, BY PROVIDING LOANS AND TECHNICAL ASSISTANCE TO NONPROFIT HOUSING DEVELOPMENT ORGANIZATIONS. SINCE 1989 THE COMMUNITY LOAN FUND HAS MADE OVER $25 MILLION IN LOANS, RESULTING IN THE CREATION OF OVER 1,486 AFFORDABLE APARTMENTS VALUED AT MORE THAN $200 MILLION. COMMUNITY HOUSING HAS ALSO HELPED CREATE AND NURTURE A NOW-MATURE NETWORK OF NONPROFIT DEVELOPERS, WHILE ASSISTING COMMUNITY GROUPS TACKLING THEIR FIRST PROJECTS, TO CREATE CAPACITY IN ONE OF THE LEAST-AFFORDABLE STATES IN THE NATION. TWENTY YEARS AGO, THE LACONIA AREA COMMUNITY LAND TRUST WAS ONE OF THOSE FLEDGLING ORGANIZATIONS, AND LINDA HARVEY WAS ITS FIRST EXECUTIVE DIRECTOR. "THE COMMUNITY LOAN FUND BROUGHT US TOGETHER FOR NURTURING, TRAINING, TECHNICAL ASSISTANCE. ALL OF THE GROUPS IN N.H. AND ALL OF THE HOUSING THAT HAS BEEN DEVELOPED, THOUSANDS OF UNITS, HAPPENED BECAUSE OF THAT MENTORING." 4. INDIVIDUAL DEVELOPMENT ACCOUNTS (IDA) PROVIDE MATCHED SAVINGS AND FINANCIAL TRAINING FOR PEOPLE WITH LOW INCOMES WHO WANT TO SAVE FOR HOMEOWNERSHIP OR POST-SECONDARY EDUCATION. SINCE 2001, THE N.H. IDA PROGRAM HAS PROVIDED MORE THAN $3.8 MILLION TO MATCH THE SAVINGS OF PROGRAM PARTICIPANTS, INCLUDING MORE THAN $2.3 MILLION TO HELP 472 PEOPLE PURCHASE HOMES. ONE SUCH SAVER, APRIL LEVIN OF PORTSMOUTH, WAS A DIVORCED MOM WHOSE CREDIT HAD BEEN DAMAGED IN THE RECESSION AND WANTED A COLLEGE DEGREE TO HELP STABILIZE HER FUTURE. SHE SIGNED UP FOR THE N.H. COMMUNITY LOAN FUND'S INDIVIDUAL DEVELOPMENT ACCOUNT (IDA) MATCHED-SAVINGS PROGRAM. USING HER $2,000 SAVINGS AND THE $6,000 IDA MATCH, PLUS A STUDENT LOAN, SHE ENROLLED IN SOUTHERN N.H. UNIVERSITY IN FALL OF 2011. "I JUST WANTED TO DO BETTER FOR THE BOYS," SHE SAYS. "IT'S A DIFFERENT BALLGAME WHEN YOU'RE BY YOURSELF, AND THESE DAYS YOU CAN'T GET A JOB WITHOUT A BACHELOR'S DEGREE." IN MAY 2014, THE BOYS WATCHED THEIR MOM GRADUATE, WITH HONORS, WITH A BACHELOR'S DEGREE IN BUSINESS AND A MINOR IN ACCOUNTING. |
| FORM 990, PT. III, LINE 4B | THE COMMUNITY LOAN FUND IS ROOTED IN TWO BELIEFS: SOME FINANCIAL OBSTACLES PEOPLE FACE ARE NOT DUE SOLELY TO LOW INCOMES, BUT ALSO TO LACK OF CREDIT. MANY PEOPLE WITH CAPITAL WILL INVEST IN BASIC HUMAN NEEDS IF THERE IS A WAY TO DO SO. THE PHILANTHROPY PROGRAM WORKS ON THE SECOND PART OF THAT EQUATION. IT SEEKS TO MAKE THE COMMUNITY LOAN FUND A CONDUIT THROUGH WHICH PEOPLE, ORGANIZATIONS, FOUNDATIONS AND CORPORATIONS SAFELY AND SECURELY INVEST IN N.H.'S PEOPLE AND COMMUNITIES. THE COMMUNITY LOAN FUND IS NEARLY ALONE AMONG COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS IN ACCEPTING INVESTMENTS, IN THE FORM OF UNSECURED LOANS FROM PRIVATE INDIVIDUALS, AS WELL AS FROM INSTITUTIONS LARGE AND SMALL. INVESTMENTS ARRIVE FROM RETIREES AND COMMUNITY CHURCH GROUPS, ALL THE WAY UP TO NATIONAL FOUNDATIONS. JANE MCLAUGHLIN AND HER HUSBAND, PETER, FIRST INVESTED IN THE N.H. COMMUNITY LOAN FUND IN 2009. YOU MIGHT SAY IT WAS A DOLLARS AND SENSE DECISION. "IT MADE SENSE," SAYS JANE. "IT WASN'T CHARITABLE MONEY. IT WAS A VERY SOUND INVESTMENT THAT HAD AN ATTRACTIVE FIXED RATE OF RETURN." COMMUNITY LOAN FUND INVESTORS CHOOSE A FIXED INTEREST RATE TIED TO THE LENGTH OF THEIR INVESTMENT, UP TO 5% FOR 10 OR MORE YEARS. ALTHOUGH INVESTMENTS ARE UNSECURED AND UNINSURED BY THE FEDERAL DEPOSIT INSURANCE CORP., THE COMMUNITY LOAN FUND HAS MAINTAINED A PERFECT REPAYMENT RECORD FOR 32 YEARS. "I THINK IT'S AN OPPORTUNITY TO INVEST IN PEOPLE ACHIEVING," PETER SAYS. "WHETHER IT'S EXPANDING A BUSINESS, BUYING A HOME, OR RESIDENTS TAKING OVER THEIR MANUFACTURED-HOME COMMUNITY, YOU'RE EMPOWERING PEOPLE WHO OTHERWISE PROBABLY WOULD NOT HAVE THAT SAME OPPORTUNITY." INVESTMENTS IN THE COMMUNITY LOAN FUND RANGE FROM $1,000 TO $5 MILLION. THE PHILANTHROPY PROGRAM BROUGHT IN $7.12 MILLION FROM 108 NEW INVESTMENTS IN FY 15, PUSHING THE TOTAL NUMBER OF CURRENT INVESTORS TO 567. |
| FORM 990, PT. III, LINE 4C | THE COMMUNITY LOAN FUND OFFERS FINANCING FOR ESTABLISHED BUSINESSES RANGING FROM SELF-EMPLOYED TRADESMEN TO HIGH-GROWTH, HIGH-MARGIN COMPANIES. SINCE 1984, BUSINESS BUILDER LOANS HAVE PROVIDED LOANS AND BUSINESS EDUCATION TO SUPPORT THE GROWTH AND RESILIENCE OF SMALL BUSINESSES AND THEIR ABILITY TO PROVIDE QUALITY JOBS. SINCE 2002, VESTED FOR GROWTH INVESTMENTS HAVE PROVIDED INVESTMENTS AND BUSINESS EDUCATION TO HELP OWNERS GROW THEIR BUSINESSES BY ENGAGING THEIR PEOPLE AND ADDING VALUE FOR THEIR CUSTOMERS. VESTED FOR GROWTH'S RISK-TOLERANT CAPITAL AND PEER-LEARNING OPPORTUNITIES ALSO HELP OWNERS OF ESTABLISHED BUSINESSES INCREASE PROFITS AND CREATE HIGHER-QUALITY JOBS. IN FY 15, OUR BUSINESS FINANCE TEAM MADE 13 INVESTMENTS TOTALING $8.18 MILLION, CREATING OR PRESERVING 346 JOBS. TWELVE BUSINESS OWNERS PARTICIPATED IN CEO PEERLINK, A GROUP IN WHICH CEOS MEET MONTHLY TO SHARE BEST PRACTICES, PROVIDE SUPPORT AND SOLVE BUSINESS PROBLEMS. PROBLEMS LIKE WHAT TO DO WITH THE UNUSED MOUNDS OF METAL SHAVINGS AND ODD-SIZED ROD ENDS, ALL LITERALLY DRIPPING CUTTING FLUIDS, CREATED BY MACHINE SHOPS. THEY CONSIDER IT WASTE. WOODY BIGOS SAW WASTE AND OPPORTUNITY. HE LAUNCHED SIMPLE LIFE RECYCLING IN ROCHESTER WITH THE GOAL OF RADICALLY CHANGING THE METALWORKING MARKET BY TURNING WASTE STREAMS INTO REVENUE STREAMS. WHEN HE NEEDED AN INFUSION OF CAPITAL, THE N.H. COMMUNITY LOAN FUND'S VESTED FOR GROWTH FINANCING WAS THE RIGHT FIT. "THEY WANT ME TO BE ME AND THEY WANT THE COMPANY TO BE AS SUCCESSFUL AS POSSIBLE. EVERYBODY WINS," SAID WOODY. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 IS PREPARED BY STAFF AND THE AUDIT FIRM. A DRAFT OF THE COMPLETED FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE WITH QUESTIONS ADDRESSED AND RESOLVED BY THE AUDIT FIRM. THE FINANCE COMMITTEE VOTES TO RECOMMEND FOR ACCEPTANCE TO THE FULL BOARD, AND MINUTES OF THE COMMITTEE MEETING ARE PRODUCED TO DOCUMENT THE REVIEW AND THE VOTE. A COPY OF THE FORM 990 IS PROVIDED TO THE FULL BOARD OF DIRECTORS. THE BOARD VOTES TO ACCEPT THE FORM 990 BEFORE IT IS FILED WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ORGANIZATION REQUIRES EMPLOYEES AND BOARD MEMBERS TO COMPLETE ANNUAL CONFLICT OF INTEREST SURVEYS. |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION DATA REGARDING THE TWO TOP EXECUTIVE POSITIONS WAS GATHERED NATIONALLY, REGIONALLY AND LOCALLY. NATIONAL COMPARATIVE DATA WAS OBTAINED FROM THE CHARITY NAVIGATOR 2012-2013 CEO COMPENSATION STUDY WHICH WAS MADE UP OF A POOL OF 3500 NATION-WIDE NON-PROFIT ORGANIZATIONS WITH 501(C)3 DESIGNATIONS THAT FILE 990S IN ADDITION TO THE OPPORTUNITY FINANCE NETWORK SALARY SURVEY THAT COMPARES NATIONAL PAY FROM SIMILAR ORGANIZATIONS. REGIONAL DATA INCLUDED EVALUATION OF SEVERAL NEW ENGLAND NON-PROFIT INSTITUTIONS COMPARABLE TO THE COMMUNITY LOAN FUND IN EITHER SIZE OR ACTIVITY. THIS INFORMATION WAS LOCATED VIA RESEARCH OF THE ORGANIZATIONS' FORMS 990 FOR 2012 AND 2013. LOCAL (NEW HAMPSHIRE) DATA WAS FOUND IN THE 2012 REPORT ON NONPROFIT WAGES & BENEFITS COMPILED BY THE NH CENTER FOR NONPROFITS. AN EXECUTIVE COMPENSATION COMMITTEE WAS APPOINTED BY THE BOARD AND CONSISTED OF THREE BOARD MEMBERS, WITH ASSISTANCE FROM THE HUMAN RESOURCES DIRECTOR. AFTER A REVIEW OF THE DATA AND DISCUSSION, IT WAS DETERMINED THAT BOTH POSITIONS WERE IN A REASONABLE RANGE WITH THE DATA REVIEWED AND THAT THE COMPENSATION FOR THE TWO POSITIONS IS APPROPRIATE. COPIES OF COMPARABILITY DATA ANALYSIS ARE ON FILE AND RECORDS OF THE EXECUTIVE COMPENSATION COMMITTEE ARE ON FILE. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE COMMUNITY LOAN FUND'S FORM 990, YEAR-END AUDITED FINANCIAL STATEMENTS AND ANNUAL REPORTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AND ARE POSTED ON THE ORGANIZATION'S WEBSITE FOR PUBLIC INSPECTION. BYLAWS AND CONFLICT OF INTEREST POLICIES ARE ALSO AVAILABLE TO THE PUBLIC UPON REQUEST. THIS IS STATED ON THE ORGANIZATION'S WEBSITE. |
| FORM 990 PART XII, LINE 2C | THE FORM 990 IS PROVIDED TO THE BOARD ANNUALLY FOR APPROVAL. |
| PT IV, LINE 26 AND PT VI-A, LINE 1B | THE COMMUNITY LOAN FUND'S BYLAWS REQUIRE THE BOARD OF DIRECTORS TO INCLUDE REPRESENTATIVES OF BORROWER ORGANIZATIONS AND INVESTORS AMONG ITS MEMBERSHIP. DONATIONS AND INVESTMENTS ARE ACCEPTED FROM EMPLOYEES, FROM INDIVIDUAL BOARD MEMBERS, OR FROM ORGANIZATIONS OF WHICH CURRENT AND FORMER MEMBERS ARE SIGNIFICANT EMPLOYEES OR BOARD MEMBERS. ALL TRANSACTION DECISIONS FOLLOW STANDARD POLICIES AND PROCEDURES INCLUDING THOSE COVERING CONFLICT OF INTEREST. FOUR MEMBERS OF THE BOARD OF DIRECTORS HAVE PROVIDED LOANS TOTALING $300,917 TO THE COMMUNITY LOAN FUND. TWELVE EMPLOYEES HAVE PROVIDED LOANS TOTALING $188,841 TO THE COMMUNITY LOAN FUND. ALL BOARD MEMBERS AND STAFF ARE TYPICALLY DONORS TO THE COMMUNITY LOAN FUND. ONE MEMBER OF THE BOARD OF DIRECTORS IS ALSO A BOARD MEMBER OF AN ORGANIZATION THAT HAS A LOAN FROM THE COMMUNITY LOAN FUND TOTALING $151,591. ONE EMPLOYEE IS ON THE BOARD OF DIRECTORS OF A BUSINESS THAT HAS RECEIVED AN EQUITY INVESTMENT FROM THE COMMUNITY LOAN FUND TOTALING $15,000. THE TRANSACTIONS ARE PART OF THE COMMUNITY LOAN FUND'S NORMAL COURSE OF BUSINESS AND ARE OPEN TO THE PUBLIC AT LARGE. |
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