Alliance Lending Corporation
- Assets
- $1.8m
- Revenue
- $490.6k
- Investments
- $0.0
- Employees
- 6
- Location
- Fort Worth, TX
- Founding
- 10/1977
- Data as of
- 12/2021
- EIN
- 75-1552630
Organization Overview
Alliance Lending Corporation is located in Fort Worth, TX. The organization was established in 1977. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Alliance Lending Corporation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alliance 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 12/2021, Alliance Lending Corporation generated $490.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $681.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 7 years. 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
TO ADMINISITER LOANS TO FOR-PROFIT BUSINESSES THROUGHOUT THE STATE OF TEXAS USING VARIOUS GOVERNMENT LOAN PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SBA LOAN PROGRAM - PACKAGING LOANS FOR SUBMISSION TO THE SBA FOR APPROVAL AND SERVICING APPROVED LOANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Stokes Executive Director | Officer | 40 | $139,500 |
Thomas D Bober Director | Trustee | 1 | $800 |
Nancy Sanchez Past Board President | Trustee | 1 | $800 |
Robert M Doby Jr Director | Trustee | 1 | $800 |
Bob Skrobarcek Board Secretary | Trustee | 1 | $800 |
Kenneth R Petree Board Treasurer | Trustee | 1 | $800 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $470,917 |
| Investment income | $19,718 |
| 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 | $490,635 |
| 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. | $128,899 |
| Compensation of current officers, directors, key employees. | $46,791 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $310,428 |
| Pension plan accruals and contributions | $12,234 |
| Other employee benefits | $35,033 |
| Payroll taxes | $33,592 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,218 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $10,775 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,600 |
| Travel | $290 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,149 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,442 |
| Insurance | $11,089 |
| All other expenses | $4,980 |
| Total functional expenses | $681,706 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $228,667 |
| Savings and temporary cash investments | $1,593,720 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,562 |
| 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 | $8,900 |
| Net Land, buildings, and equipment | $9,952 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,846,801 |
| Accounts payable and accrued expenses | $28,538 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $42,500 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $71,038 |
| Net assets without donor restrictions | $1,775,763 |
| Net assets with donor restrictions | $0 |
| 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 | $1,846,801 |
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