2013-05-14T07:45:32-05:00 2012-12-31 510293511 ROWLAND JOHNSON & COMPANY PA 15 READS WAY SUITE 200 NEW CASTLE DE 19720 990 2012-01-01 510345258 FIRST STATE COMMUNITY LOAN FUND FIRS 3026526774 100 W 10TH STREET SUITE 1005 WILMINGTON DE 19801 VANDELL HAMPTON JR 3026526774 2013-05-07 1 DEBORAH HORN P00148657 3023240780 2013-05-06 2012 2016-02-24 21:20:13Z VANDELL HAMPTON JR 100 W 10TH STREET WILMINGTON DE 19801 770172 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 9 19 0 0 381781 377614 558158 395341 10360 9320 6285 -12103 956584 770172 0 0 0 0 565953 555311 0 0 91290 612137 586484 1178090 1141795 -221506 -371623 7534395 6864040 4010070 3709441 3524325 3154599 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 870119 395543 THE FIRST STATE PROVIDES CREATIVE OPPORTUNITIES FOR ACCESS TO CAPITAL FOR SMALL BUSINESS, COMMUNITY ORGANIZATIONS, AND DEVELOPERS OF AFFORDABLE HOUSING. THE LENDING HIGHLIGHTS FOR 2012 ARE: MICRO LOAN FUND - $266,156, BUSINESS GROWTH FUND - $1,400,000, COMMUNITY DEVELOPMENT LOAN FUND - $37,000.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 870119 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 58 0 0 9 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 0.00 X X 0 0 0 FRANK M SALINGER 0.00 X X 0 0 0 JIMMY JARRELL 0.00 X X 0 0 0 TERRENCE D BARCLIFT 0.00 X X 0 0 0 CARRIE W GRAY 0.00 X X 0 0 0 GEORGE I MILLS 0.00 X X 0 0 0 SHARON BOLAND 0.00 X 0 0 0 MARK J BRINDLE 0.00 X 0 0 0 BERNICE EDWARDS 0.00 X 0 0 0 THOMAS E HANSON JR ESQ 0.00 X 0 0 0 PETER SHINAS 0.00 X 0 0 0 DR BRECK L ROBINSON 0.00 X 0 0 0 ANNE JOHNSON 0.00 X 0 0 0 LOTTIE LEE 0.00 X 0 0 0 MARGO J REIGN 0.00 X 0 0 0 VANDELL HAMPTON 37.50 X 88906 0 10803 88906 0 10803 0 0 0 0 0 377614 377614 INTEREST ON LOANS 229062 229062 LOAN FEES 68983 68983 CONTRACTUAL INCOME 62390 62390 RECOVERY INCOME 34906 34906 395341 9320 9320 MISCELLANEOUS 202 202 EQUITY IN EARNINGS -12305 -12305 -12103 770172 395543 0 -2985 88906 40897 44453 3556 378259 252563 71516 54180 52481 26613 17764 8104 35665 22705 8395 4565 8755 7408 467 880 26464 9698 16766 15990 12855 135 3000 3619 2513 946 160 21256 13226 7575 455 25726 25313 413 14664 3687 733 10244 98954 98954 6058 4415 117 1526 5045 3556 1130 359 IDA MATCH 142017 142017 LOAN FEES 119187 119187 PROVISION FOR LOAN LOSS 46809 46809 COMPUTER AND SOFTWARE E 23549 20258 3091 200 28391 17445 6885 4061 1141795 870119 180386 91290 2692258 2807267 25404 7671 800 200 3666602 3416688 12589 10995 42773 27905 20926 14868 1114389 604924 1427 1427 7534395 6864040 9787 888 3956869 3669186 43414 39367 4010070 3709441 X 1493578 2355776 2030747 798823 3524325 3154599 7534395 6864040 -371623 1897 0 X X 0 1 X 1 0 X 669815 490969 2472226 511781 377614 4522405 669815 490969 2472226 511781 377614 4522405 2877381 1645024 52491 12604 6550 10360 -2985 79020 25481 12689 1295 6285 202 45952 4647377 1509547 0.35400 0.32550 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 39631 24848 14783 3142 3057 85 14868 280901 F INVESTMENTS 324023 F 604924 VACATION PAYABLE 39170 DUE TO RELATED PARTY 197 39367 772069 1897 1897 770172 0 770172 1141795 0 1141795 0 1141795 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 2012, 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, 2013. 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 280901 0 0 0.50000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0