2011-05-04T13:32:11-05:00 2010-12-31 ROWLAND JOHNSON & COMPANY PA 2 READS WAY SUITE 100 NEW CASTLE DE 19720 990 2010-01-01 510345258 FIRST STATE COMMUNITY LOAN FUND FIRS 3026526774 100 W 10TH STREET SUITE 1005 WILMINGTON DE 19801 VANDELL HAMPTON JR 3026526774 2011-03-25 1 DEBORAH HORN 3023240780 2011-03-24 2010 2016-02-24 21:20:13Z VANDELL HAMPTON JR 100 W 10TH STREET WILMINGTON DE 19801 2740531 0 X WWW.FIRSTSTATELOAN.ORG X 1992 DE TO PROVIDE LOANS AND TECHNICAL ASSISTANCE TO COMMUNITY BASED ORGANIZATIONS WHO ARE PROMOTING COMMUNITY INITIATIVES IN LOW INCOME COMMUNITIES OF DE 13 13 11 0 0 0 490969 2352769 220988 371558 12604 6550 12689 9654 737250 2740531 0 0 0 0 454813 499722 0 0 8815 597923 750005 1052736 1249727 -315486 1490804 5148736 7516504 2894793 3771757 2253943 3744747 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 230673 80620 AFFORDABLE HOUSING LOANS - THE DEVELOPMENT OF AFFORDABLE HOUSING IS A KEY FACET OF OUR COMMUNITY DEVELOPMENT EFFORTS. FIRST STATE COMMUNITY LOAN FUND HAS ASSISTED IN THE CREATION OR PRESERVATION OF OVER 300 UNITS OF AFFORDABLE HOUSING. THESE EFFORTS RANGE FROM SUPERVISED APARTMENTS FOR SPECIAL NEEDS POPULATIONS TO TRANSITIONAL HOUSING TO SINGLE-FAMILY HOMES FOR HOME OWNERSHIP. LOANS CAN BE USED FOR PRE-DEVELOPMENT, ACQUISITION, CONSTRUCTION OR REHABILITATION. IN ADDITION TO THE LOAN PROGRAMS DESCRIBED BELOW, THE FSCLF WORKS WITH LARGER DEVELOPERS AND OTHER FUNDING SOURCES TO CREATE PROJECT- OR PROGRAM-SPECIFIC LINES OF CREDIT. 313558 2362041 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. 195319 33069 IDA - INDIVIDUAL DEVELOPMENT ACCOUNT (IDA) PROGRAM IS A SPECIAL SAVINGS PROGRAM THAT ASSISTS OTHERS IN BUILDING ASSETS AND INCREASING WEALTH. MONEY CAN BE USE FOR THE FOLLOWING GOALS: HOMEOWNERSHIP, SMALL BUSINESS GROWTH & DEVELOPMENT, EDUCATION/TRAING. THERE ARE INCOME ELIGIBILITY GUIDELINES TO QUALIFY FOR THE PROGRAM. 189678 114748 COMMUNITY DEVELOPMENT 189678 114748 929228 1 1 0 0 0 0 0 0 0 1 0 0 0 0 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 0 0 0 0 0 1 0 0 11 0 0 0 0 0 0 0 0 0 X 13 13 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 X 0 0 0 FRANK M SALINGER X 0 0 0 JOEL SCHILLER X 0 0 0 DANIEL JKEMPSKI X 0 0 0 TERRENCE D BARCLIFT X 0 0 0 CARRIE CASEY X 0 0 0 CLARENCE W FLEMING X 0 0 0 FRANCES GAUTHIER ESQ X 0 0 0 CARRIE W GRAY X 0 0 0 TERRI HASSON X 0 0 0 CHRISTOPHER HENDERSON PHD X 0 0 0 GEORGE I MILLS X 0 0 0 DR BRECK L ROBINSON X 0 0 0 VANDELL HAMPTON 37.50 X 88148 0 6357 88148 0 6357 0 0 0 0 0 129457 2223312 2352769 INTEREST ON LOANS 179160 179160 OTHERS 119457 119457 LOAN FEES 72941 72941 371558 6550 6550 RECOVERY INCOME 8359 8359 MISCELLANEOUS 1295 1295 9654 2740531 381212 0 6550 88148 32615 46718 8815 340928 158998 181930 38521 19608 18913 32125 14377 17748 49942 48263 1679 16251 7040 9211 15117 11569 3548 18181 7500 10681 20419 15324 5095 8127 5768 2359 87515 87515 2148 1707 441 5036 4376 660 PROVISION FOR LOAN LOSS 317737 317737 IDA MATCH 128834 128834 LOAN FEES 26396 26393 3 MARKETING OF LOANS 15475 15475 COMPUTER AND SOFTWARE E 8699 4512 4187 30128 21617 8511 1249727 929228 311684 8815 2058670 4362162 85988 32451 877 466 2920163 3020415 11022 8869 146263 125698 2150 20565 68689 70399 1177 1177 5148736 7516504 13522 9999 2848757 3726205 32514 35553 2894793 3771757 X 392008 1935885 1861935 1808862 2253943 3744747 5148736 7516504 1490804 X X 0 1 1 X 0 X 560573 491934 669815 490969 2472226 4685517 560573 491934 669815 490969 2472226 4685517 2992143 1693374 123790 129882 52491 12604 6550 325317 18411 561 25481 12689 1622 58764 5069598 1142491 0.33400 0.47390 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1132 1132 0 141688 121252 20436 3443 3314 129 20565 VACATION PAYABLE 35553 35553 2740531 1249727 1490804 0 1490804 2740531 0 2740531 0 2740531 1249727 0 1249727 0 1249727 FORM 990, PART VI, SECTION A, LINE 7B THE GOVERNING BOARD ARE ALL MEMBERS. FORM 990, PART VI, SECTION B, LINE 11 NO, BUT THE AUDIT COMMITTEE WILL GET A COPY OF THE 990 AFTER IT IS FILED. THERE ARE TWO BOARD MEMBERS ON THE AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS, STAFF AND COMMITTEE MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST FORM EACH YEAR. FORM 990, PART VI, SECTION B, LINE 15A ALL BOARD MEMBERS, STAFF AND COMMITTEE MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST FORM EACH YEAR. THE EXECUTIVE DIRECTOR SALARY ARE REVIEWED AND APPROVED BY EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST. DRAFTS OF AUDITED FINANCIALS ARE REVIEWED BY MANAGEMENT AND EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE DETERMINES SELECTION OF INDEPENDENT ACCOUNTANT.