2014-06-26T13:49:01-05:00 2013-12-31 510293511 ROWLAND JOHNSON & COMPANY PA 15 READS WAY SUITE 200 NEW CASTLE DE 19720 990 2013-01-01 510345258 FIRST STATE COMMUNITY LOAN FUND FIRS 3026526774 100 WEST 10TH STREET SUITE 1005 WILMINGTON DE 19801 VANDELL HAMPTON JR EXECUTIVE DIRECTOR 3026526774 2014-06-26 1 DEBORAH HORN P00148657 3023240780 2014-05-29 2013 2015-11-30 17:44:51Z VANDELL HAMPTON JR 100 W 10TH STREET WILMINGTON DE 19801 815831 0 X WWW.FIRSTSTATELOAN.ORG X 1992 DE TO PROVIDE CREATIVE OPPORTUNITIES FOR ACCESS TO CAPITAL FOR SMALL BUSINESSES, COMMUNITY ORGANIZATIONS, AND DEVELOPERS OF AFFORDABLE HOUSING. 15 15 10 20 0 0 377614 494207 395341 332459 9320 5785 -12103 -16620 770172 815831 0 0 0 0 555311 564615 0 0 84668 586484 789350 1141795 1353965 -371623 -538134 6864040 6632132 3709441 4012092 3154599 2620040 X THE FIRST STATE COMMUNITY LOAN FUND IS A NON-PROFIT ORGANIZATION WHOSE MISSION IS TO PROMOTE AND PROVIDE OPPORTUNITIES FOR ACCESS TO CAPITAL FOR BUSINESSES, DEVELOPERS OF AFFORDABLE HOUSING AND COMMUNITY ORGANIZATIONS THROUGHOUT DELAWARE AND SOUTHEASTERN, PENNSYLVANIA (DELAWARE & CHESTER COUNTIES). 0 0 1090614 332804 THE FIRST STATE PROVIDES CREATIVE OPPORTUNITIES FOR ACCESS TO CAPITAL FOR SMALL BUSINESS, COMMUNITY ORGANIZATIONS, AND DEVELOPERS OF AFFORDABLE HOUSING. THE LENDING HIGHLIGHTS FOR 2013 ARE: MICRO LOAN FUND - $355,500, BUSINESS GROWTH FUND - $1,145,000, COMMUNITY DEVELOPMENT LOAN FUND - $592,500.SMALL BUSINESS LOANS - ONE OF FSCLF'S PRIMARY OBJECTIVES IS PROVIDING FINANCING AND SUPPORT SERVICES FOR SMALL BUSINESS ENTERPRISES. THROUGH THIS PROGRAM, FSCLF CREATES JOBS AND BUILDS WEALTH IN EMERGING MARKETS THROUGHOUT THE STATE OF DELAWARE. FSCLF HAS TWO PRIMARY SMALL BUSINESS LENDING PROGRAMS TO THE MICRO LOAN FUND AND THE BUSINESS GROWTH FUND.THE COMMUNITY DEVELOPMENT LOAN FUND FOCUSES ON PROVIDING CAPITAL FOR COMMUNITY-BASED PROJECTS, SUCH AS MIXED-USE PROPERTIES (RESIDENTIAL & RETAIL), NOT-FOR-PROFIT ORGANIZATIONS OTHER THAN HOUSING DEVELOPERS, CHILDCARE CENTERS AND OTHER COMMUNITY FACILITIES. THIS FUND PROVIDES UP TO $350,000 PER OBLIGOR, WITH MAXIMUM TERM FIVE-YEARS. THE OBJECTIVE OF OUR COMMUNITY DEVELOPMENT LOAN PROGRAM IS TO ADDRESS ALL OTHER LENDING THAT DOES NOT FALL SPECIFICALLY WITHIN THE PARAMETERS OF OUR AFFORDABLE HOUSING OR SMALL BUSINESS LENDING PRODUCTS. THROUGH OUR COMMUNITY DEVELOPMENT LENDING PRODUCT, WE ARE EMPOWERED TO BRING SOME BENEFIT TO A PARTICULAR COMMUNITY IN THE FORM OF, FOR EXAMPLE, A NEW CHILD CARE CENTER, A HEALTH CARE PROVIDER, OR BY ASSISTING WITH THE PURCHASE OR REHABILITATION OF OFFICE SPACE FOR A NON-PROFIT ORGANIZATION. OTHERS 1090614 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 0 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 1 0 0 0 1 50 0 0 10 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 0 0 1 0 0 DE X VANDELL HAMPTON 3026526774 100 WEST 10TH STREET SUITE 1005 WILMINGTON DE 19801 RUFUS MILLER BOARD CHAIR 2.00 X X 0 0 0 FRANK M SALINGER BOARD VICE CHAIR 2.00 X X 0 0 0 JIMMY JARRELL BOARD TREASURER 2.00 X X 0 0 0 TERRENCE D BARCLIFT SECRETARY 2.00 X X 0 0 0 CARRIE W GRAY ASST. SECRETARY 1.00 X X 0 0 0 GEORGE I MILLS EXECUTIVE COMMITTEE 1.00 X X 0 0 0 BARBARA WILLIS BOARD CHAIR 1.00 X 0 0 0 MARK J BRINDLE BOARD MEMBER 1.00 X 0 0 0 BERNICE EDWARDS BOARD MEMBER 1.00 X 0 0 0 THOMAS E HANSON JR ESQ BOARD MEMBER 1.00 X 0 0 0 JOHN M BONHOMME BOARD CHAIR 1.00 X 0 0 0 DR BRECK L ROBINSON BOARD MEMBER 1.00 X 0 0 0 ANNE JOHNSON BOARD MEMBER 1.00 X 0 0 0 LOTTIE LEE BOARD MEMBER 1.00 X 0 0 0 MARGO J REIGN BOARD MEMBER 0.00 X 0 0 0 VANDELL HAMPTON EXECUTIVE DIRECTOR 37.50 X 100000 0 12099 100000 0 12099 1 0 0 0 0 494207 494207 INTEREST ON LOANS 254637 254637 LOAN FEES 53114 53114 CONTRACTUAL INCOME 24708 24708 332459 5785 5785 MISCELLANEOUS 345 345 EQUITY IN EARNINGS -16965 -16965 -16620 815831 332804 0 -11180 100000 43000 50000 7000 373284 269453 61711 42120 54501 27296 20468 6737 36830 24352 8584 3894 6709 5355 694 660 22455 9961 12494 32473 29718 75 2680 5811 3141 2461 209 21037 13144 7446 447 26746 26673 19 54 16963 5150 11813 94381 94381 6320 4307 108 1905 5305 3197 1597 511 PROVISION FOR LOAN LOSS 266001 266001 IDA MATCH 197224 197224 LOAN FEES 39126 39126 COMPUTER AND SOFTWARE E 16831 10565 4056 2210 31968 18570 8970 4428 1353965 1090614 178683 84668 2807267 2658861 7671 103300 200 23378 3416688 3474838 10995 11046 45419 34226 14868 11193 604924 348089 1427 1427 6864040 6632132 888 1290 3669186 3961449 39367 49353 3709441 4012092 X 2355776 2090934 798823 529106 3154599 2620040 6864040 6632132 -538134 3575 0 X X 0 1 X 1 0 X 490969 2472226 511781 377614 494207 4346797 490969 2472226 511781 377614 494207 4346797 2791176 1555621 12604 6550 10360 -2985 -11180 15349 12689 1295 6285 202 345 20816 4382962 1629047 0.35490 0.35400 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 42277 31147 11130 3142 3079 63 11193 273818 F INVESTMENTS 74271 F 348089 COMPENSATED ABSENCES 24330 LOAN GUARANTEE, INCLUDING ACCRUED INTEREST 25023 49353 X 819406 3575 3575 815831 0 815831 1353965 0 1353965 0 1353965 PART X, LINE 2: N/A FORM 990, PART VI, SECTION A, LINE 7B THE GOVERNING BOARD AND THE MEMBERS ARE ONE IN THE SAME. FORM 990, PART VI, SECTION B, LINE 11 NO REVIEW WAS AND WILL BE PERFORMED. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, BOARD MEMBERS, AND EMPLOYEES ARE REQUIRED TO SIGN A CONFLICT OF INTEREST FORM EACH YEAR. FORM 990, PART VI, SECTION B, LINE 15A YES, IN 2013, THE HUMAN RESOURCES COMMITTEE CONDUCTED A COMPENSATION STUDY FOR THE PRESIDENTS ANNUAL SALARY. A RECOMMENDATION WAS MADE TO THE BOARD OF DIRECTORS TO INCREASE THE PRESIDENTS SALARY, AS A RESULT OF THE COMPENSATION STUDY. THE SALARY INCREASE WAS EFFECTIVE JANUARY 1, 2014. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST. FORM 990, PART XII, LINE 2C DRAFTS OF AUDITED FINANCIALS ARE REVIEWED BY MANAGEMENT AND EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE DETERMINES SELECTION OF INDEPENDENT ACCOUNTANT. FSCLF HOLDING LLC 100 W 10TH STREET SUITE 1005 WILMINGTON DE 19801 453833176 REAL ESTATE MANAGEMENT DE 273818 0 0 0.50000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0