2012-03-14T10:51:48-07:00 2011-06-30 PETER C BRANKMAN & COMPANY PC 10 FAYETTE STREET CONCORD NH 033013708 990 2010-07-01 222524015 NEW HAMPSHIRE COMMUNITY LOAN FUND INC NEWH 6032246669 7 WALL STREET CONCORD NH 03301 DEBORAH BUTLER 6032246669 2012-01-26 PETER C BRANKMAN 6032257616 2012-03-14 2010 2016-02-24 21:20:13Z JULIANA EADES 7 WALL STREET CONCORD NH 03301 17402966 false X www.communityloanfund.org X 1983 NH Serve as a catalyst, leveraging financial, human and civic resources to enable traditionally underserved people to participate more fully in New Hampshire's economy 15 14 56 26 0 3167632 7474108 4695816 4567066 270187 -54776 1602 557 8135237 11986955 381668 496726 0 3612030 3695798 26785 13031 135996 3474177 7111444 7494660 11316999 640577 669956 73502340 80334100 54086623 60754480 19415717 19579620 X See Attached false false 6172852 365690 3757286 AFFORDABLE HOUSING - SEE ATTACHED 2218954 1578 CAPITAL PHILANTHROPY - SEE ATTACHED 1474055 30000 397857 ECONOMIC OPPORTUNITY - SEE ATTACHED 330443 101036 316311 Community Services - See attached 330443 101036 316311 10196304 true true false true false false false false false true false false false true true true false false false false false false false false false false true true false false false false false false false false false true false false false true false false false false true 289 0 true 56 true false false false false false false false false false false X 15 14 false true false false false false false true true false false true true true true true true true true false NH X X X BONNIE SCADOVA 6032246669 7 WALL STREET CONCORD NH 03301 DEBORAH BUTLER 1.00 X 0 0 0 JOHN FLANDERS 1.00 X 0 0 0 RAY GIROUX 1.00 X 0 0 0 CHRISTINA HILL 1.00 X 0 0 0 LAURA JAMISON 1.00 X 0 0 0 DEAN LIZOTTE 1.00 X 0 0 0 DALE MAYER 1.00 X 0 0 0 DEBBY MILLER 1.00 X 0 0 0 DAN MULLER 1.00 X 0 0 0 LOIS PARRIS 1.00 X 0 0 0 PAULA ROGERS 1.00 X 0 0 0 RANDY ROODY 1.00 X 0 0 0 MICHAEL SWACK 1.00 X 0 0 0 EDWARD TOMEY 1.00 X 0 0 0 JULIANA EADES 40.00 X X 113487 0 19468 BONNIE SCADOVA 40.00 X X 82850 0 18373 196337 37841 1 false false false FAIRHAVEN ASSOC LLC POBOX 544 PEMBROKE NH 03275 Interim Program Management 124800 1 5126460 2347648 247947 7474108 Fee and Other Income 541600 172846 Rental income 531110 115584 Interest from loans 522291 4278636 4567066 318853 146943 4697253 345129 4697253 718758 -373629 -373629 -373629 Miscellaneous 541600 557 557 557 11986955 4365904 146943 215093 215093 281633 281633 234177 148741 72141 13295 2721832 2174542 480405 66885 73523 58747 12938 1838 428763 341169 76705 10889 237503 186985 44039 6479 87805 87805 0 0 22346 22256 79 11 40850 31993 7757 1100 9977 9977 0 0 13031 13031 293455 272870 17974 2611 36128 36075 46 7 253090 223969 25415 3706 64911 51750 11514 1647 88167 43951 41809 2407 108044 103403 4053 588 40458 39376 940 142 1868669 1762302 100374 5993 122419 68357 51119 2943 72239 36018 34249 1972 Loan loss provision 3895223 3895223 0 0 Property expenses 76546 76546 0 0 Training 31117 27523 3142 452 11316999 10196304 984699 135996 8002131 11398572 619510 4103091 1152966 559399 56462329 49879848 25916 24670 5511487 883776 3362608 4627711 3051670 8533689 734310 1156220 90900 50900 73502340 80334100 1001843 1584742 195209 43389571 49569738 9500000 9600000 54086623 60754480 X 7212520 7128937 2037925 4952483 10165272 7498200 19415717 19579620 73502340 80334100 X 669956 -506053 X false true true X true true X 0 0 0 4018953 3382643 5375662 3452998 7474108 23704364 3617453 3692179 3927933 4695816 4567066 20500447 7636406 7074822 9303595 8148814 12041174 44204811 754000 260500 805000 692700 334000 2846200 754000 260500 805000 692700 334000 2846200 41358611 420959 436928 191293 145285 146943 1341408 420959 436928 191293 145285 146943 1341408 5206 103313 11623 1602 557 122301 45668520 0.90560 0.88910 0.02940 0.03900 X OTHER INCOME PART III, LINE 12; DESCRIPTION: MISCELLANEOUS; 2006: 5206.; 2007: 103313.; 2008: 11623.; 2009: 1602.; 2010: 557.; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 191 9786 9977 11307022 11316999 715850 178963 611138 551420 524733 715850 2403141 3604712 3317 4467 15876 9977 33637 152785 137855 131183 178963 600786 901179 137 409 191 737 321461 321461 4690677 483925 4206752 499349 399851 99498 4627711 Equity equivalents payable 9600000 9600000 11986955 11316999 669956 23295 23295 693251 8144628 23295 38575 -3904197 -3842327 11986955 11986955 7451377 38575 38575 7412802 3904197 3904197 11316999 Pt XII Line 2d (3,895,223) - Increase in allowance for uncollectible loans (8,974) - Loss on predevelopment and property activity. Pt XIII Line 4b (3,895,223) - Increase in allowance for uncollectible loans. (8,974) - Loss on Predevelopment and Property activity. Pt X The Accounting for Uncertainty in Income Taxes standard require an organization to report uncertain tax positions, related interest and penalties, and to adjust its net assets and liabilites related to unrecognized tax benefits and accrued interest and penalties accordingly. As of June 30, 2011, Pt X the Community Loan Fund determined that there are no unrecognized tax benefits to report. Information returns for the years ended June 30, 2010, 2009, and 2008 remain subject to examination by the Internal Revenue Service and the State of New Hampshire. The Organization does not expect that the amounts of unrecognized tax benefits will change significantly within the next twelve months. true CAP BELKNAP-MERRIMACK COUNTIES PO BOX 1016 2 INDUSTRIAL PARK DRIVE CONCORD NH 03302 020270376 87057 Cash N/A Energy efficiency FAMILY RESOURCE CENTER AT GORHAM 123 MAIN STREET GORHAM NH 03581 043383141 8200 Cash N/A Energy efficiency MERRIMACK VALLEY DAY CARE SERVICES 19 NO FRUIT STREET CONCORD NH 03301 026019236 15000 Cash N/A Energy efficience WOODSIDE SCHOOL 114 SO FRUIT STREET CONCORD NH 03301 020337751 15000 Cash N/A Energy efficiency KEENE DAY CARE CENTER 86 WOOD STREET KEENE NH 03231 020301063 15000 Cash N/A Energy effifciency SOUTHERN NH SERVICES INC PO BOX 5040 MANCHESTER NH 03108 020268285 10576 Cash N/A Energy efficirncy WOLFEBORO AREA CHILDREN'S CENTER 180 SO MAIN STREET WOLFEBORO NH 03894 020314542 15000 Cash N/A Energy efficiency ROCHESTER CHILD CARE CENTER 95 CHARLES STREET ROCHESTER NH 03867 020327002 15000 Cash N/A Energy efficiency 8 IDA matched savings grants 67 278633 Cash N/A Entrepreneur stipend 1 3000 Cash N/A Pt I Line 2 Program managers oversee grant programs and monitor the use of funds Pt I Line 2 by grantees through a variety of means including performance reports, Pt I Line 2 financial reports, invoices, photography and other forms of Pt I Line 2 substantiating documentation. X 12 247947 FMV false true false Pt VI-B, Line 15 Compensation data regarding the two top executive positions Pt VI-B, Line 15 was gathered nationally, regionally and locally. Pt VI-B, Line 15 National comparative data was obtained from the Charity Navigator 2010 CEO Pt VI-B, Line 15 Compensation Study which was made up of a pool of 3,500 nation-wide non-profit Pt VI-B, Line 15 organizations with 501(c)3 designations that file 990s. Pt VI-B, Line 15 Regional data included evaluation of several New England Pt VI-B, Line 15 non-profit institutions similar to the Community Loan Fund Pt VI-B, Line 15 in either size or activity. This information was located via research Pt VI-B, Line 15 of the organizations' Forms 990 for 2009 and 2010. Pt VI-B, Line 15 Local (New Hampshire) data was found in the 2010 Report on Pt VI-B, Line 15 Nonprofit Wages & Benefits compiled by the NH Center for Nonprofits. Pt VI-B, Line 15 An Executive Compensation Committee was appointed by the Board Pt VI-B, Line 15 and consisted of two Board Members, with assistance from the Human Pt VI-B, Line 15 Resources Director. After a review of the data and discussion it was Pt VI-B, Line 15 determined that both positions were generally in line with the data Pt VI-B, Line 15 reviewed an that the compensation for the two positions is appropriate. Pt VI-B, Line 15 Copies of comparability data analysis and records of the Pt VI-B, Line 15 Executive Compensation Committee deliberations are on file. Pt VI-B, Line 11a The Form 990 is prepared by staff and the audit firm. A draft of the Pt VI-B, Line 11a completed Form 990 is reviewed by the Finance Committee with questions Pt VI-B, Line 11a addressed and resolved by the audit firm. The Finance Committee votes to Pt VI-B, Line 11a recommend for approval to the full Board, and minutes of the Committee Pt VI-B, Line 11a meetings are produced to document the review and the vote. A copy Pt VI-B, Line 11a of the Form 990 is provided to the full Board of Directors. The Board reviews and Pt VI-B, Line 11a approves the Form 990 before it is filed with the IRS. Pt VI-B, Line 12c The organization requires employees and Board Members to Form 990, Part III, Line 4d COMMUNITY SERVICES - SEE ATTACHED 330443. 101036. 316311. Pt VI-B, Line 12c complete annual conflict of interest surveys. Pt VI-C, Line 19 The Community Loan Fund's Form 990, year-end audited financial Pt VI-C, Line 19 statements and annual reports are made available to the public upon Pt VI-C, Line 19 request and are posted on the organization's website for public inspection. Pt VI-C, Line 19 Bylaws and conflict of interest policies are also available to the public upon Pt VI-C, Line 19 request. This is stated on the organization's website. Pt VI-A, Line 3 Fairhaven Associates, LLC provided the following services, as Pt VI-A, Line 3 outlined in written Service Agreements, during the year: Pt VI-A, Line 3 1. Interim program management services for MicroCredit-NH including day-to-day Pt VI-A, Line 3 management of staff, contractual reporting and program assessment. Pt VI-A, Line 3 2.Consultation relative to the development of expanded business lending, including Pt VI-A, Line 3 organizational structure, documentation and the hiring process for new staff. Pt VI-A, Line 3 3.Consultation relative to overall organizational development Pt VI-A, Line 3 at the Community Loan Fund including strategic planning, Pt VI-A, Line 3 development of the expanded management structure and coaching for senior staff. Schedule G The Community Loan Fund hired an individual from Full Circle Consulting, LLC Pt I, Line 2b to design and advise on an in-house capital campaign. Schedule G This individual was hired on a contractual basis and was paid $13,031 Pt I, Line 2b in fiscal year 2011 for her consulting services, based on an hourly rate. Pt IV, Line 26 The Community Loan Fund's bylaws require the Board of Directors to include and Pt VI-A representatives of borrower organizations and lenders among its membership. Line 1b Donations and investments are accepted from employees, from individual Pt IV, Line 26 Board members, or from organizations of which current and former members and Pt VI-A are significant employees or Board members. All transaction decisions Line 1b follow standard policies and procedures including those covering conflict Pt IV, Line 26 of interest. Six members of the Board of Directors have provided loans and Pt VI-A totaling $278,434 to the Community Loan Fund. Seventeen employees have Line 1b provided loans totaling $367,690 to the Community Loan Fund. All Board Pt IV, Line 26 members and staff are typically donors to the Community Loan Fund. and Pt VI-A One member of the Board of Directors is also a board member of an Line 1b organization that has a loan from the Community Loan Fund totaling $186,768. Pt IV, Line 26 The transactions are part of the Community Loan Fund's normal and Pt VI-A course of business and are open to the public at large. Part XI line 5 Prior period adjustment to liabilities and net assets. COMMUNITY LOAN FUND I LLC 7 WALL STREET CONCORD NH 03301 200359489 Manufactured housing development NH COMMUNITY LOAN FUND