On The Road Lending
- Assets
- $16.3m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 10
- Location
- Irving, TX
- Founding
- 11/2014
- Data as of
- 12/2021
- EIN
- 38-3910893
Organization Overview
On The Road Lending is located in Irving, TX. The organization was established in 2014. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2021, On The Road Lending employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. On The Road Lending 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 12/2021, On The Road Lending generated $5.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 64.3% each year . All expenses for the organization totaled $8.2m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ON THE ROAD LENDING SEEKS TO LIFT PEOPLE FROM POVERTY THROUGH TRANSPORTATION INNOVATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MOBILITY PROGRAM ENABLES CLIENTS TO PURCHASE A LATE MODEL VEHICLE UNDER WARRANTY. ON THE ROAD LENDING WORKED WITH ABOUT 1030 PEOPLE IN THE MOBILITY PROGRAM, GETTING 204 INTO VEHICLES DURING 2021.
WE LAUNCHED A NEW TRANSPORTATION WORKFORCE TRAINING PROGRAM IN 2021 WHICH PROVIDED APPRENTICESHIPS IN FIVE PROGRAMS REGISTERED WITH THE DEPARTMENT OF LABOR. WE HAD SEVEN APPRENTICES IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josh Mayfield Secretary | OfficerTrustee | 1 | $0 |
David Chard Chairman | OfficerTrustee | 1 | $0 |
Maria Coello Treasurer | OfficerTrustee | 1 | $0 |
Michelle Corson CEO & Director | OfficerTrustee | 15 | $0 |
Nick Stanutz CFO | Officer | 15 | $0 |
Jay Altizer Past Chair | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $170,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,039,459 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,570,235 |
| Noncash contributions included in lines 1a–1f | $1,800 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,779,694 |
| Total Program Service Revenue | $687,362 |
| Investment income | $270 |
| 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 | $40 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,467,366 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,697,100 |
| 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 | $864,618 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $93,810 |
| Payroll taxes | $61,479 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $44,036 |
| Fees for services: Accounting | $20,656 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $614,247 |
| Advertising and promotion | $107,484 |
| Office expenses | $20,403 |
| Information technology | $82,345 |
| Royalties | $0 |
| Occupancy | $151,601 |
| Travel | $32,998 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $37 |
| Interest | $216,417 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $109,513 |
| Insurance | $2,558 |
| All other expenses | $1,288 |
| Total functional expenses | $8,159,026 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,658,355 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,782,734 |
| Accounts receivable, net | $2,235,796 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,429 |
| Net Land, buildings, and equipment | $9,173,737 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,456,601 |
| Total assets | $16,314,652 |
| Accounts payable and accrued expenses | $681,636 |
| Grants payable | $0 |
| Deferred revenue | $2,033 |
| 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 | $15,166,433 |
| Unsecured mortgages and notes payable | $500,000 |
| Other liabilities | $0 |
| Total liabilities | $16,350,102 |
| Net assets without donor restrictions | -$1,712,684 |
| Net assets with donor restrictions | $1,677,234 |
| 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 | $16,314,652 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that On The Road Lending has recieved totaling $693,799.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $150,000 |
Opportunity Finance Network Philadelphia, PA PURPOSE: FINANCE JUSTICE FUND SUBGRANT | $100,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF FINANCIAL HEALTH | $100,000 |
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $75,000 |
Independent Charitable Gift Fund Hudson, OH PURPOSE: GENERAL SUPPORT | $75,000 |
United Way Of Greater Houston Houston, TX PURPOSE: Rebuilding lives - THRIVE | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Total Community Action Inc New Orleans, LA | $98,605,042 | $21,062,110 |
Community Council Of Greater Dallas Dallas, TX | $4,744,328 | $19,419,389 |
Nueces County Community Action Agency Corpus Christi, TX | $6,907,131 | $19,554,955 |
United Community Action Program Inc Pawnee, OK | $10,772,761 | $18,838,270 |
Lulac Project Amistad El Paso, TX | $13,396,414 | $20,646,890 |
Youth And Family Alliance Austin, TX | $17,411,303 | $18,334,235 |
Community Action Agency Of Ok City & Ok Canadian Counties Inc Okc, OK | $7,076,135 | $17,912,554 |
Economic Opportunities Advancement Corporation Of Planning Region Xi Waco, TX | $7,841,884 | $18,666,042 |
Arkansas Early Learning Inc Jonesboro, AR | $12,519,715 | $17,680,686 |
Big Five Community Services Inc Durant, OK | $12,347,730 | $17,649,703 |
High Plains Christian Ministries Foundation Amarillo, TX | $595,357,596 | $31,544,091 |
Community Services Office Of Hot Springs And Garland County Arkansa Hot Springs, AR | $3,711,408 | $16,980,162 |