24 1 Clt Lending Corporation
- Assets
- $62.9k
- Revenue
- $84.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Saint Louis, MO
- Founding
- 02/2019
- Data as of
- 12/2021
- EIN
- 83-2150354
Organization Overview
24 1 Clt Lending Corporation is located in Saint Louis, MO. The organization was established in 2019. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 24 1 Clt 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, 24 1 Clt Lending Corporation generated $84.3k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 52.1% each year . All expenses for the organization totaled $89.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
LENDING SERVICES. THE COMPANY PROVIDES AND SERVICES MORTGAGES FOR LOW INCOME HOMEOWNERS. IN 2021 THE COMPANY MADE A MAJOR INVESTMENT WORKING WITH REGULATORS AND ATTORNEYS TO INSURE THAT ALL LOANS WERE PROPERLY ORIGINATED AND SERVICED. IN 2021 3 LOANS ORIGNIATED AND 8 SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert M Gioia President/secretary | 1 | $0 | |
James F Gruenewald Treasurer | 1 | $0 | |
Jacquline Davis Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $83,938 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $375 |
| Total Revenue | $84,313 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $15,386 |
| Pension plans, employee benefits | $1,478 |
| Interest | $0 |
| Taxes | $1,256 |
| Depreciation | $5,605 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $417 |
| Printing and publications | $0 |
| Other expenses | $9,841 |
| Total operating and administrative expenses | $89,918 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $89,918 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,009 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $40,441 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,774 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,634 |
| Other assets | $0 |
| Total assets | $62,858 |
| Accounts payable and accrued expenses | $53,299 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $7,245 |
| Total liabilities | $60,544 |
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