2012-04-17T07:12:40-05:00 2011-12-31 510293511 ROWLAND JOHNSON & COMPANY PA 2 READS WAY SUITE 100 NEW CASTLE DE 19720 990 2011-01-01 510345258 FIRST STATE COMMUNITY LOAN FUND FIRS 3026526774 100 W 10TH STREET SUITE 1005 WILMINGTON DE 19801 VANDELL HAMPTON JR 3026526774 2012-04-16 1 DEBORAH HORN P00148657 3023240780 2012-04-16 2011 2016-02-24 21:20:13Z VANDELL HAMPTON JR 100 W 10TH STREET WILMINGTON DE 19801 956584 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. 17 17 10 22 0 0 2352769 381781 371558 558158 6550 10360 9654 6285 2740531 956584 0 0 0 0 499722 565953 0 0 34003 750005 612137 1249727 1178090 1490804 -221506 7516504 7534395 3771757 4010070 3744747 3524325 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. 0 0 837338 508748 THE FIRST STATE PROVIDES CREATIVE OPPORTUNITIES FOR ACCESS TO CAPITAL FOR SMALL BUSINESS, COMMUNITY ORGANIZATIONS, AND DEVELOPERS OF AFFORDABLE HOUSING. THE LENDING HIGHLIGHTS FOR 2011 ARE: MICRO LOAN FUND - $110,000, BUSINESS GROWTH FUND - $1,140,000, COMMUNITY LOAN FUND - $510,000.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. 55695 OTHERS 55695 837338 1 1 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 0 1 67 0 0 10 0 0 0 0 0 0 0 0 0 X 17 17 0 0 1 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 X 0 0 0 FRANK M SALINGER X 0 0 0 DANIEL J KEMPSKI X 0 0 0 TERRENCE D BARCLIFT X 0 0 0 CARRIE W GRAY X 0 0 0 GEORGE I MILLS X 0 0 0 SHARON BOLAND X 0 0 0 BERNICE EDWARDS X 0 0 0 CLARENCE W FLEMING X 0 0 0 THOMAS E HANSON JR ESQ X 0 0 0 CHRISTOPHER HENDERSON X 0 0 0 JIMMY JARRELL X 0 0 0 ANNE JOHNSON X 0 0 0 LOTTIE LEE X 0 0 0 MARGO J REIGN X 0 0 0 DR BRECK L ROBINSON X 0 0 0 PETER SHINAS X 0 0 0 VANDELL HAMPTON 37.50 X 90771 0 10131 90771 0 10131 0 0 0 0 0 381781 381781 INTEREST ON LOANS 281096 281096 IDA 130000 130000 LOAN FEES 106693 106693 CONTRACTUAL INCOME 35404 35404 RECOVERY INCOME 4965 4965 558158 10360 10360 MISCELLANEOUS 6285 6285 6285 956584 564443 0 10360 90771 41755 46293 2723 391392 194476 174643 22273 48743 25480 21885 1378 35047 18334 14686 2027 14241 9233 5008 17292 7042 10250 24027 21152 120 2755 21872 6135 15502 235 23376 23027 349 8241 7092 1149 94693 94693 5134 3746 1388 6362 5710 652 IDA MATCH 192787 192787 LOAN FEES 100154 100154 PROVISION FOR LOAN LOSS 53018 53018 COMPUTER AND SOFTWARE E 14832 9283 3979 1570 36108 24221 10845 1042 1178090 837338 306749 34003 4362162 2692258 32451 25404 466 800 3020415 3666602 8869 12589 151759 130833 20565 20926 70399 1114389 1177 1427 7516504 7534395 9999 9787 3726205 3956869 35553 43414 3771757 4010070 X 1935885 1493578 1808862 2030747 3744747 3524325 7516504 7534395 X -221506 1084 X X 0 1 1 X 0 X 491934 669815 490969 2472226 511781 4636725 491934 669815 490969 2472226 511781 4636725 3043666 1593059 129882 52491 12604 6550 10360 211887 561 25481 12689 1295 6285 46311 4894923 1311546 0.32550 0.33400 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1132 1132 0 147185 126365 20820 3442 3336 106 20926 292547 F INVESTMENTS 821842 F 1114389 VACATION PAYABLE 43414 43414 956584 1178090 -221506 1084 1084 -220422 957668 1084 1084 956584 0 956584 1178090 0 1178090 0 1178090 FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE AMENDED IN 2011. 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 THE COMPENSATION OF PRESIDENT WAS DETERMINED BY THE BOARD/EXECUTIVE COMMITTEE AT HIRE DATE. ANNUAL INCREASES IN COMPENSATION ARE APPROVED BY THE BOARD EACH YEAR APPROVAL OF THE ANNUAL BUDGET. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: DONATED SERVICES AND USE OF FACILITIES: 1084. 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 292547 0 0 0.50000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0