Utah Business Lending Corporation
- Assets
- $441.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- South Jordan, UT
- Founding
- 01/2004
- Data as of
- 12/2020
- EIN
- 01-0751931
Organization Overview
Utah Business Lending Corporation is located in South Jordan, UT. The organization was established in 2004. According to its NTEE Classification (S32) the organization is classified as: Rural Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Utah Business Lending Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Utah Business Lending Corporation generated $14.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (13.5%) each year. All expenses for the organization totaled $11.0k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (26.2%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
USDA LOANS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,441 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $14,441 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $6,000 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $5,002 |
| Total expenses | $11,002 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1,238 |
| Other assets | $0 |
| Total assets | $441,415 |
| Total liabilities | $805,281 |
| Net assets or fund balances | -$363,866 |