Interesting data from their 2020 990 filing

The purpose of the non-profit, as set forth in the filing, is “To stimulate economic growth, support the expansion of small businesses, combat community deterioration and foster employment opportunities for low-moderate income citizens by providing flexible small business loans & office space at reasonable rents to businesses.”.

When discussing its purpose, they were characterized as: “To stimulate economic growth, support the expansion of small businesses, combat community deterioration and foster employment opportunities for low-moderate income citizens by providing flexible small business loans & office space at reasonable rents to businesses.”.

• The state in which the non-profit is legally authorized to operate is TX, as reported.
• The form of the non-profit reports 14 employees as of 2020.
• Does not operate a hospital.
• Does not operate a school.
• Does not collect art.
• Does not provide credit counseling.
• Does not have foreign activities.
• Is not a donor-advised fund.
• Is not a private foundation.
• Expenses are greater than $1,000,000.
• Revenue is greater than $1,000,000.
• Revenue less expenses is $250,083.
• The remuneration of the CEO of the organization is based on an independent review and approval process.
• The organization has a written policy that describes how long it will retain documents.
• The organization has 14 independent voting members.
• The organization was formed in 1986.
• The organization has a written policy that addresses conflicts of interest.
• The organization is required to file Schedule O.
• The organization pays $1,251,702 in salary, compensation, and benefits to its employees.
• The organization pays $0 in fundraising expenses.
• The organization has minutes of its meetings.
• The organization has a written whistleblower policy.