Border Financial Resources Inc
- Assets
- $833.4k
- Revenue
- $171.5k
- Investments
- $0.0
- Employees
- 0
- Location
- San Luis, AZ
- Founding
- 07/2007
- Data as of
- 12/2023
- EIN
- 04-3835569
Organization Overview
Border Financial Resources Inc is located in San Luis, AZ. The organization was established in 2007. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, 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. Border Financial Resources Inc 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 12/2023, Border Financial Resources Inc generated $171.5k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $272.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE LOANS TO SMALL BUSINESSES AND CONSUMERS ALONG WITH MORTGAGE LOANS TO LOW AND MODERATE INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED CONSUMER LOANS, HOME IMPROVEMENT LOANS AND FINANCING FOR START-UPS OR SMALL BUSINESSES OWNED BY LOW-TO-MODERATE INCOME FAMILIES IN YUMA COUNTY, ARIZONA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jose I Gonzalez Chairman | OfficerTrustee | 3 | $0 |
Hector Sanchez Vice-Chairman | Trustee | 3 | $0 |
Carmen Ortiz Treasurer | OfficerTrustee | 3 | $0 |
Claudia Gomez Secretary | Trustee | 3 | $0 |
George Guerrero Director | Trustee | 3 | $0 |
Marco Antonio Reyes Executive Director | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $125,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $125,000 |
| Total Program Service Revenue | $8,313 |
| Investment income | $38,158 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $171,471 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $134,579 |
| Pension plan accruals and contributions | $4,962 |
| Other employee benefits | $30,486 |
| Payroll taxes | $8,735 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,175 |
| Fees for services: Accounting | $15,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,509 |
| Advertising and promotion | $2,551 |
| Office expenses | $3,603 |
| Information technology | $401 |
| Royalties | $0 |
| Occupancy | $4,961 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $417 |
| Interest | $3,892 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,001 |
| All other expenses | $0 |
| Total functional expenses | $272,548 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $156,938 |
| Savings and temporary cash investments | $255,847 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,066 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $418,157 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $345 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $833,353 |
| Accounts payable and accrued expenses | $5,761 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $80,000 |
| Other liabilities | $316,160 |
| Total liabilities | $401,921 |
| Net assets without donor restrictions | $329,939 |
| Net assets with donor restrictions | $101,493 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $833,353 |