LEVITICUS 25-23 ALTERNATIVE FUND INC: Form 990, tax year 2025
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- Organization
- LEVITICUS 25-23 ALTERNATIVE FUND INC (EIN 13-3154100)
- Tax period
- 2025-01-01 to 2025-12-31
- Filed
- 2026-05-22
- IRS object ID
- 202621429349301317
- Schema version
- 2025v4.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2026-05-22T11:26:07-05:00 | ReturnTs |
| Tax Period End | 2025-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 042571780 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | AAFCPAS INC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 50 WASHINGTON STREET | AddressLine1Txt |
| City | WESTBOROUGH | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01581 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2025-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 133154100 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LEVITICUS 2523 ALTERNATIVE FUND INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | LEVI | BusinessNameControlTxt |
| Phone | 9149094498 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 220 WHITE PLAINS ROAD 415 | AddressLine1Txt |
| City | TARRYTOWN | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10591 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | GREGORY MAHER | PersonNm |
| Person Title | EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 9149094498 | PhoneNum |
| Signature | 2026-05-20 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | CAITLIN LIMOGES CPA | PreparerPersonNm |
| PTIN | P01633588 | PTIN |
| Phone | 5083669100 | PhoneNum |
| Preparation | 2026-05-20 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2025 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | GREGORY MAHER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 220 WHITE PLAINS ROAD 415 | AddressLine1Txt |
| City | TARRYTOWN | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10591 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $11,346,687 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.LEVITICUSFUND.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1983 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | THE LEVITICUS 25:23 ALTERNATIVE FUND IS ROOTED IN FAITH AND THE CALL FOR ACCESS TO ECONOMIC IMPROVEMENT. THE FUND PROVIDES FLEXIBLE CAPITAL, EXPERTISE, AND SUPPORT TO PROPEL THE GROWTH OF HEALTHIER COMMUNITIES. LEVITICUS CREATES OPPORTUNITIES FOR VULNERABLE, LOW-INCOME PEOPLE TO THRIVE AND LIVE WITH DIGNITY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 16 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 15 | VotingMembersIndependentCnt |
| Total Employee | 22 | TotalEmployeeCnt |
| Total Volunteers | 29 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $9,058,626 | PYContributionsGrantsAmt |
| CY Contributions Grants | $3,037,990 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $6,199,839 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $7,865,008 | CYProgramServiceRevenueAmt |
| PY Investment Income | $510,080 | PYInvestmentIncomeAmt |
| CY Investment Income | $441,203 | CYInvestmentIncomeAmt |
| PY Other Revenue | $3,838 | PYOtherRevenueAmt |
| CY Other Revenue | $2,486 | CYOtherRevenueAmt |
| PY Total Revenue | $15,772,383 | PYTotalRevenueAmt |
| CY Total Revenue | $11,346,687 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $2,034,936 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $2,676,729 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $140,396 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $3,494,187 | PYOtherExpensesAmt |
| CY Other Expenses | $5,940,274 | CYOtherExpensesAmt |
| PY Total Expenses | $5,529,123 | PYTotalExpensesAmt |
| CY Total Expenses | $8,617,003 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $10,243,260 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $2,729,684 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $136,483,847 | TotalAssetsBOYAmt |
| Total Assets EOY | $157,103,270 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $91,800,874 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $109,690,613 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $44,682,973 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $47,412,657 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE LEVITICUS 25:23 ALTERNATIVE FUND IS ROOTED IN FAITH AND THE CALL FOR ACCESS TO ECONOMIC IMPROVEMENT. THE FUND PROVIDES FLEXIBLE CAPITAL, EXPERTISE, AND SUPPORT TO PROPEL THE GROWTH OF HEALTHIER COMMUNITIES. LEVITICUS CREATES OPPORTUNITIES FOR VULNERABLE, LOW-INCOME PEOPLE TO THRIVE AND LIVE WITH DIGNITY. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $7,759,999 | ExpenseAmt |
| Revenue | $7,867,494 | RevenueAmt |
| Desc | THE LEVITICUS FUND'S FLEXIBLE CAPITAL AND TECHNICAL ASSISTANCE SUPPORT A RANGE OF COMMUNITY DEVELOPMENT PROJECTS SERVING LOW-INCOME COMMUNITIES, FAMILIES, AND INDIVIDUALS. HIGHLIGHTS OF OUR LENDING IN 2025 INCLUDE:TWENTY-FOUR, OR 73%, OF THE PROJECTS FINANCED WERE AFFORDABLE HOUSING RELATED. SEVEN PROJECTS INVOLVED CHILDCARE CENTERS, HEALTHY FOOD RETAIL, AND COMMUNITY FACILITIES.TOTAL DEVELOPMENT WILL GENERATE 1,925 UNITS OF RENTAL HOUSING, WITH 1,639 UNITS, OR 85%, SERVING LOW-INCOME HOUSEHOLDS (80% AMI), PLUS AN ADDITIONAL 85 TRANSITIONAL UNITS. OF THE 1,925 AFFORDABLE UNITS, 53% ARE DESIGNATED FOR VERY LOW AND EXTREMELY LOW-INCOME FAMILIES AND INDIVIDUALS. SIX HUNDRED AND FIFTY-FIVE UNITS, OR 34%, WILL INCLUDE SUPPORTIVE SERVICES. OF THE 24 HOUSING PROJECTS WE FUNDED, 19, OR 80%, MET A GREEN BUILDING STANDARD OR INVOLVED GREEN BUILDING FEATURES.IN TERMS OF THE COMMUNITIES WE SERVED IN 2025, 22, OR 67%, OF OUR LOANS WERE TO PROJECTS LOCATED IN AREAS OF ECONOMIC DISTRESS WHICH ARE CENSUS TRACTS CHARACTERIZED BY HIGH POVERTY RATES, UNEMPLOYMENT, AND LOW-INCOME LEVELS. NINETEEN, OR 58%, OF OUR LOANS WERE TO PROJECTS LOCATED IN LOW INCOME DISADVANTAGE COMMUNITIES WHICH ARE CENSUS TRACTS THAT FACE A DISPROPORTIONATE BURDEN OF ENVIRONMENTAL AND SOCIAL CHALLENGES OFTEN DUE TO FACTORS SUCH AS POVERTY, LACK OF ACCESS TO RESOURCES, AND EXPOSURE TO ENVIRONMENTAL POLLUTION. | Desc |
| Total Program Service Expenses | $7,759,999 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (1) | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | Yes (1) | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 53 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 22 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 16 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 15 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GREGORY MAHER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9149094498 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 220 WHITE PLAINS ROAD SUITE 415 | AddressLine1Txt |
| City | TARRYTOWN | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10591 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (23 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| MR GREGORY MAHER | |||||||
| EXECUTIVE DIRECTOR | 40.00 | Yes (X) | Yes (X) | $302,500 | $0 | $47,833 | |
| SR ROSEMARY JEFFRIES RSM | |||||||
| BOARD PRESIDENT | 0.50 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| MS DARLENE ROBINSON | |||||||
| BOARD VICE PRESIDENT | 0.50 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| MR RONALD ROSADO ABAD | |||||||
| BOARD TREASURER | 0.50 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| SR ELLENRITA PURCARO OP | |||||||
| BOARD SECRETARY | 0.50 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| SR PEGGY SCARANO OP | |||||||
| BOARD MEMBER | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| MS ELAINE DOVAS | |||||||
| BOARD MEMBER | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| MR DAN LETENDRE | |||||||
| BOARD MEMBER | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| MR JOSEPH REILLY | |||||||
| BOARD MEMBER | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| MS ELIZABETH TORRES | |||||||
| BOARD MEMBER | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| MR JONATHAN HUMMEL | |||||||
| BOARD MEMBER | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| MS MARIA FERREIRA LMSW | |||||||
| BOARD MEMBER | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| MS ARIEL GARCIA | |||||||
| BOARD MEMBER | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| MS MELODY MARAVILLAS | |||||||
| BOARD MEMBER | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| MS JUSTINE MCPHERSON | |||||||
| BOARD MEMBER | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| MR RALPH BUMBACA | |||||||
| BOARD MEMBER | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| MS BECKY KOCH | |||||||
| BOARD MEMBER (UNTIL 5/25) | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| MR JONATHAN VASCONES | |||||||
| BOARD MEMBER (UNTIL 12/25) | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| MR JOSE RIVERA | |||||||
| FINANCE DIRECTOR | 40.00 | Yes (X) | $214,583 | $0 | $15,535 | ||
| MR KEVIN MCQUEEN | |||||||
| DIRECTOR OF LENDING | 40.00 | $170,333 | $0 | $17,712 | Yes (X) | ||
| MS SOHAM DHESI | |||||||
| SENIOR INVESTMENT OFFICER | 40.00 | $166,333 | $0 | $32,690 | Yes (X) | ||
| MR BRIAN GURSKI | |||||||
| CHIEF COMPLIANCE & IMPACT OFFICER | 40.00 | $143,231 | $0 | $33,763 | Yes (X) | ||
| MR ALEXANDER CANZONE | |||||||
| INVESTMENT OFFICER | 40.00 | $103,333 | $0 | $19,669 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,100,313 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $167,202 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 6 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $2,285,000 | GovernmentGrantsAmt |
| All Other Contributions | $752,990 | AllOtherContributionsAmt |
| Noncash Contributions | $20,122 | NoncashContributionsAmt |
| Total Contributions | $3,037,990 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| INTEREST, PROJECT LOANS | 523000 | $6,984,958 | $6,984,958 |
| COMMITMENT/CLOSING FEE | 523000 | $880,050 | $880,050 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $7,865,008 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $441,203 | TotalRevenueColumnAmt |
| Exclusion | $441,203 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER FEES | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $2,486 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,486 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $2,486 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $11,346,687 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $7,867,494 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $441,203 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $580,451 | TotalAmt |
| Program Services | $395,840 | ProgramServicesAmt |
| Management And General | $167,094 | ManagementAndGeneralAmt |
| Fundraising | $17,517 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,659,999 | TotalAmt |
| Program Services | $1,286,892 | ProgramServicesAmt |
| Management And General | $278,266 | ManagementAndGeneralAmt |
| Fundraising | $94,841 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $135,674 | TotalAmt |
| Program Services | $103,624 | ProgramServicesAmt |
| Management And General | $24,446 | ManagementAndGeneralAmt |
| Fundraising | $7,604 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $144,535 | TotalAmt |
| Program Services | $116,908 | ProgramServicesAmt |
| Management And General | $26,703 | ManagementAndGeneralAmt |
| Fundraising | $924 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $156,070 | TotalAmt |
| Program Services | $116,679 | ProgramServicesAmt |
| Management And General | $31,411 | ManagementAndGeneralAmt |
| Fundraising | $7,980 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $62,500 | TotalAmt |
| Management And General | $62,500 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $314,960 | TotalAmt |
| Program Services | $243,157 | ProgramServicesAmt |
| Management And General | $71,803 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $44,634 | TotalAmt |
| Program Services | $44,634 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $152,184 | TotalAmt |
| Program Services | $137,787 | ProgramServicesAmt |
| Management And General | $10,754 | ManagementAndGeneralAmt |
| Fundraising | $3,643 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $194,902 | TotalAmt |
| Program Services | $151,557 | ProgramServicesAmt |
| Management And General | $35,639 | ManagementAndGeneralAmt |
| Fundraising | $7,706 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $23,934 | TotalAmt |
| Program Services | $23,934 | ProgramServicesAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $32,863 | TotalAmt |
| Program Services | $28,747 | ProgramServicesAmt |
| Management And General | $4,116 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,820,169 | TotalAmt |
| Program Services | $2,820,169 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| NET LOAN LOSS PROVISION | $1,891,754 | $1,891,754 | ||
| MISCELLANEOUS | $387,100 | $383,043 | $3,876 | $181 |
| DUES AND SUBSCRIPTIONS | $15,274 | $15,274 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,617,003 | TotalAmt |
| Program Services | $7,759,999 | ProgramServicesAmt |
| Management And General | $716,608 | ManagementAndGeneralAmt |
| Fundraising | $140,396 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,103,419 | BOYAmt |
| EOY | $12,616,533 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,068,974 | BOYAmt |
| EOY | $4,570,189 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,063 | BOYAmt |
| EOY | $2,488 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $122,000 | BOYAmt |
| EOY | $121,667 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $96,176 | BOYAmt |
| EOY | $101,578 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $152,600 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $105,888 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $47,853 | BOYAmt |
| EOY | $46,712 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $103,407,093 | BOYAmt |
| EOY | $137,949,483 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,623,269 | BOYAmt |
| EOY | $1,694,620 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $136,483,847 | BOYAmt |
| EOY | $157,103,270 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $233,260 | BOYAmt |
| EOY | $357,422 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $18,438 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,000,000 | BOYAmt |
| EOY | $6,000,000 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $84,466,470 | BOYAmt |
| EOY | $102,304,075 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,101,144 | BOYAmt |
| EOY | $1,010,678 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $91,800,874 | BOYAmt |
| EOY | $109,690,613 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $33,319,094 | BOYAmt |
| EOY | $38,580,342 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,363,879 | BOYAmt |
| EOY | $8,832,315 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $44,682,973 | BOYAmt |
| EOY | $47,412,657 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $136,483,847 | BOYAmt |
| EOY | $157,103,270 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $2,729,684 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,802,350 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $5,513,123 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,896,742 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $9,058,626 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,037,990 | CurrentTaxYearAmt |
| Total | $25,308,831 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,474,657 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,963,716 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,553,910 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $6,199,839 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $7,865,008 | CurrentTaxYearAmt |
| Total | $26,057,130 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $6,277,007 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $9,476,839 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $9,450,652 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $15,258,465 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $10,902,998 | CurrentTaxYearAmt |
| Total | $51,365,961 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Substantial Contributors Amt SubstantialContributorsAmtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $858,746 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,011,426 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,365,498 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $650,943 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $691,374 | CurrentTaxYearAmt |
| Total | $4,577,987 | TotalAmt |
Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $858,746 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,011,426 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,365,498 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $650,943 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $691,374 | CurrentTaxYearAmt |
| Total | $4,577,987 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $46,787,974 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $32,353 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $45,609 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $339,876 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $510,080 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $441,203 | CurrentTaxYearAmt |
| Total | $1,369,121 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $32,353 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $45,609 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $339,876 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $510,080 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $441,203 | CurrentTaxYearAmt |
| Total | $1,369,121 | TotalAmt |
Other Income509 OtherIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $4,762 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus2 Years | $117,125 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,838 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,486 | CurrentTaxYearAmt |
| Total | $128,211 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $6,314,122 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $9,522,448 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $9,907,653 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $15,772,383 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $11,346,687 | CurrentTaxYearAmt |
| Total | $52,863,293 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.88510 | PublicSupportCY509Pct |
| Public Support PY509 | 0.88590 | PublicSupportPY509Pct |
| Investment Income CY | 0.02590 | InvestmentIncomeCYPct |
| Investment Income PY | 0.02030 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | OTHER INCOME - 2021 AMOUNT: $ 4,762. 2023 AMOUNT: $ 117,125. 2024 AMOUNT: $ 3,838. 2025 AMOUNT: $ 2,486. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,397,415 | BeginningYearBalanceAmt |
| Contributions | $184,900 | ContributionsAmt |
| End Year Balance | $1,582,315 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributions | $1,397,415 | ContributionsAmt |
| End Year Balance | $1,397,415 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prmnnt Endowment Balance EOY | 1.00000 | PrmnntEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $67,445 | OtherCostOrOtherBasisAmt |
| Depreciation | $37,926 | DepreciationAmt |
| Book Value | $29,519 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $85,155 | OtherCostOrOtherBasisAmt |
| Depreciation | $67,962 | DepreciationAmt |
| Book Value | $17,193 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $46,712 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NOTES RECEIVABLE | Desc |
| Book Value | $137,949,483 | BookValueAmt |
| Method Valuation | C | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $137,949,483 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| INTEREST PAYABLE | $251,777 |
| LEASE LIABILITY - OPERATING | $758,901 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,010,678 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $11,994,179 | TotalRevEtcAuditedFinclStmtAmt |
| Donated Services And Use Fclts | $647,492 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | $647,492 | RevenueNotReportedAmt |
| Revenue Subtotal | $11,346,687 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $11,346,687 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $9,264,495 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $647,492 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $647,492 | ExpensesNotReportedAmt |
| Expenses Subtotal | $8,617,003 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $8,617,003 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | THE LEGACY FUND WAS ESTABLISHED, WITH THE PROVISIONS THAT AMOUNTS DONATED TO THE LEGACY FUND (1) WILL BE DESIGNATED AS PERMANENTLY RESTRICTED FUNDS TO BE USED TO FUND THE ORGANIZATION'S GENERAL LENDING, (2) WILL NOT BE USED TO PAY OPERATING EXPENSES, AND (3) MAY BE USED TO COVER ACTUAL LENDING LOSSES INCURRED BY THE ORGANIZATION. MEMBERS WHO DONATE ALL THEIR SUBVENTION INVESTMENTS WILL REMAIN A MEMBER OF THE ORGANIZATION IN PERPETUITY. |
| PART X, LINE 2: | THE ORGANIZATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT DECEMBER 31, 2025. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MR GREGORY MAHER | ||||||||||||||
| EXECUTIVE DIRECTOR | $272,500 | $0 | $30,000 | $0 | $0 | $0 | $27,250 | $0 | $20,583 | $0 | $350,333 | $0 | $0 | $0 |
| MR JOSE RIVERA | ||||||||||||||
| FINANCE DIRECTOR | $194,583 | $0 | $20,000 | $0 | $0 | $0 | $14,594 | $0 | $941 | $0 | $230,118 | $0 | $0 | $0 |
| MS SOHAM DHESI | ||||||||||||||
| SENIOR INVESTMENT OFFICER | $151,333 | $0 | $15,000 | $0 | $0 | $0 | $12,107 | $0 | $20,583 | $0 | $199,023 | $0 | $0 | $0 |
| MR KEVIN MCQUEEN | ||||||||||||||
| DIRECTOR OF LENDING | $158,333 | $0 | $12,000 | $0 | $0 | $0 | $12,667 | $0 | $5,045 | $0 | $188,045 | $0 | $0 | $0 |
| MR BRIAN GURSKI | ||||||||||||||
| CHIEF COMPLIANCE & IMPACT OFFICER | $143,231 | $0 | $0 | $0 | $0 | $0 | $4,750 | $0 | $29,013 | $0 | $176,994 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 7 | FormAndLineReferenceDesc |
| Explanation | ANNUALLY, THE BOARD OF DIRECTORS GIVES THE EXECUTIVE DIRECTOR A NOT TO EXCEED" AMOUNT FOR BONUSES. THE EXECUTIVE DIRECTOR THEN ALLOCATES BONUSES. BONUS AMOUNTS ARE NOT FIXED NOR ARE THEY BASED ON SALARY OR SENIORITY. | ExplanationTxt |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (2 entries)
| Relationship With OrgRelationshipWithOrgTxt | Loan PurposeLoanPurposeTxt | Loan To OrganizationLoanToOrganizationInd | Original PrincipalOriginalPrincipalAmt | Balance DueBalanceDueAmt | DefaultDefaultInd | Board Or Committee ApprovalBoardOrCommitteeApprovalInd | Written AgreementWrittenAgreementInd |
|---|---|---|---|---|---|---|---|
| DARLENE ROBINSON | |||||||
| BOARD MEMBER | LOAN CAPITAL | Yes (X) | $5,000 | $5,000 | 0 | Yes (1) | Yes (1) |
| JONATHAN HUMMEL | |||||||
| BOARD MEMBER | LOAN CAPITAL | Yes (X) | $13,438 | $13,438 | 0 | Yes (1) | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $18,438 | TotalBalanceDueAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE MEMBERS ELECT THE ORGANIZATION'S BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE MEMBERS ELECT THE ORGANIZATION'S BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS REVIEWED AND APPROVED BY THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS PRIOR TO SUBMISSION. |
| FORM 990, PART VI, SECTION B, LINE 12C | ANNUALLY AT THE FIRST BOARD MEETING OF THE YEAR, ALL BOARD MEMBERS COMPLETE, SIGN AND SUBMIT A CONFLICT OF INTEREST STATEMENT. THE STATEMENT OUTLINES THE ORGANIZATION'S CONFLICT OF INTEREST POLICY AND REQUIRES BOARD MEMBERS TO STATE IN WRITING ALL KNOWN CONFLICTS OF INTEREST. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE ORGANIZATION PERIODICALLY REVIEWS SALARIES FOR ALL OFFICER AND KEY EMPLOYEE POSITIONS, INCLUDING THE EXECUTIVE DIRECTOR POSITION. SALARIES ARE COMPARED TO COMPARABLE POSITIONS IN OTHER CHARITABLE ORGANIZATIONS, INCLUDING THOSE IN THE ORGANIZATION'S SECTOR, USING DATA FROM SALARY REVIEWS CONDUCTED BY THIRD PARTY ORGANIZATIONS. THE COMPARATIVE FINDINGS ARE PRESENTED TO THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS FOR DISCUSSION AND APPROVAL. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S FORM 990, 1023, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XII, LINE 2C: | THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. |