2024-11-15T10:30:20-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 4150 2ND STREET SOUTH SUITE 400 ST CLOUD MN 56301 990 2023-01-01 262497096 PEOPLE TRUST PEOP 5014044855 5300 WEST 65TH STREET LITTLE ROCK AR 72209 ARLO WASHINGTON PRESIDENT 5014044855 2024-11-14 1 0 JASON NEUMANN CPA P01690179 3202035500 2024-11-13 2023 2024-10-15 13:58:12Z X X ARLO WASHINGTON 5300 WEST 65TH STREET LITTLE ROCK AR 72209 3146582 0 X WWW.PEOPLETRUSTLOANS.ORG X 2016 AR PROVIDE FINANCIAL PRODUCTS AND SERVICES TO THE LOW AND MODERATE INCOME COMMUNITIES. 7 6 22 15 0 0 861745 2642963 620612 227610 368498 276009 0 0 1850855 3146582 481798 964053 0 0 583744 771029 0 0 58567 753625 1237753 1819167 2972835 31688 173747 15841111 10582723 11329547 6144335 4511564 4438388 X PEOPLE TRUST'S PRIMARY PURPOSE IS TO PROMOTE COMMUNITY DEVELOPMENT BY PROVIDING CREDIT COUNSELING SERVICES, FINANCIAL SUPPORT AND LITERACY FOR COMMUNITIES THAT WOULD OTHERWISE NOT RECEIVE SAID OPPORTUNITIES. PEOPLE TRUST PLEDGES TO CHALLENGE WHAT HAS BECOME TRADITION IN TODAY'S FLUCTUATING SOCIO-ECONOMICAL SYSTEM. THE GOAL IS TO CREATE AVENUES FOR AN ELEVATED UNDERSTANDING OF FINANCIAL STABILITY BY STIMULATING AND MOTIVATING AN UNTAPPED REGION OF THE ECONOMY AND THE COMMUNITIES IN WHICH THEY DWELL. 0 0 2633169 859988 503619 PROVIDE TECHNICAL ASSISTANCE, FINANCIAL EDUCATION, AND FINANCIAL ASSISTANCE THROUGH GRANTS CONSUMER LOANS, AND BUSINESS LOANS. 104065 104065 0 EMERGENCY RENTAL ASSISTANCE 2737234 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 64 0 1 22 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 6 1 0 0 0 0 0 0 1 0 0 0 1 0 1 1 1 0 0 AR X ARLO WASHINGTON 5014044857 5300 WEST 65TH STREET LITTLE ROCK AR 72209 ARLO WASHINGTON PRESIDENT 50.00 X X 91063 0 0 CHRIS PORTER DIRECTOR 1.00 X 0 0 0 FREDDIE RATLIFF DIRECTOR 1.00 X 0 0 0 GREG MAYS DIRECTOR 1.00 X 0 0 0 MONICA HALE DIRECTOR 1.00 X 0 0 0 RON MARSHALL SR DIRECTOR 1.00 X 2172 0 0 DEBONY WASHINGTON SECRETARY/TREASURER 1.00 X 0 0 0 93235 0 0 0 0 0 0 0 329212 2313751 2642963 LOAN FEES , FIN SVCS 522200 227610 227610 227610 276009 276009 3146582 503619 0 0 964053 964053 93235 75586 16802 847 595101 482450 107247 5404 23357 18936 4208 213 59336 48142 10694 500 12000 12000 108026 56825 4903 46298 68585 65471 3114 41399 39519 1880 166431 162257 4174 58697 51688 2665 4344 13266 12664 602 74487 74487 82986 80687 2299 4305 4110 195 BAD DEBT EXPENSE 453150 453150 PROCESSING FEES 70387 67191 3196 DUES & SUBSCRIPTIONS 44451 42433 2018 DEVELOPMENT SERVICES 20000 20000 19583 17585 1037 961 2972835 2737234 177034 58567 971546 984286 522207 181539 661846 12330551 6041753 0 6324 2235788 172731 2016807 2063057 0 643918 15841111 10582723 23405 57834 452005 1193619 10854137 4892882 11329547 6144335 X 4511564 4438388 4511564 4438388 15841111 10582723 X 173747 -246923 X 0 1 X 1 1 1 X 150705 653423 7121666 1482058 2642963 12050815 150705 653423 7121666 1482058 2642963 12050815 12050815 2138 11468 435704 368498 276009 1093817 13144632 227610 0.91680 0.92120 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 79300 79300 1778562 58428 1720134 307590 72929 234661 70336 41374 28962 2063057 INVESTMENT IN PEOPLE TRUST FEDERAL CREDIT UNION 643918 F 643918 X 3208082 61500 61500 3146582 0 3146582 3034335 61500 61500 2972835 0 2972835 PART X, LINE 2: PEOPLE TRUST ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SIMILAR PROVISION OF STATE LAW. HOWEVER, PEOPLE TRUST ARE SUBJECT TO FEDERAL INCOME TAX ON ANY TAXABLE UNRELATED BUSINESS INCOME. PEOPLE TRUST DID NOT HAVE ANY UNRELATED BUSINESS INCOME. THE ORGANIZATION IS REQUIRED TO ASSESS WHETHER IT IS MORE LIKELY THAN NOT THAT A TAX POSITION WILL BE SUSTAINED UPON EXAMINATION ON THE TECHNICAL MERITS OF THE POSITION ASSUMING THE TAXING AUTHORITY HAS FULL KNOWLEDGE OF ALL INFORMATION. MANAGEMENT HAS CONCLUDED THAT ANY TAX POSITIONS THAT WOULD NOT MEET THE MORE-LIKELY-THAN-NOT CRITERION OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740-10, ACCOUNTING FOR INCOME TAXES, WOULD BE IMMATERIAL TO THE FINANCIAL STATEMENTS TAKEN AS A WHOLE. ACCORDINGLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT INCLUDE ANY PROVISION FOR UNCERTAIN TAX POSITIONS, AND NO RELATED INTEREST OR PENALTIES HAVE BEEN RECORDED IN THE OPERATING STATEMENT OR ACCRUED IN THE STATEMENT OF FINANCIAL POSITION. 1 RENT & UTILITY ASSISTANCE 666 964053 0 N/A N/A PART I, LINE 2: PROCEDURES MAY INVOLVE ESTABLISHING CLEAR ELIGIBILITY CRITERIA, CONDUCTING THOROUGH VERIFICATION CHECKS BEFORE AWARDING ASSISTANCE, MAINTAINING ACCURATE DOCUMENTATION OF RECIPIENT QUALIFICATIONS, CONDUCTING PERIODIC REVIEWS OF SUBRECIPIENT ELIGIBILITY, AND PERFORMING REGULAR AUDITS TO VERIFY COMPLIANCE WITH PROGRAM REQUIREMENTS. ALEXIE MAHOMES EMPLOYEE BUSINESS X 101430 58714 0 1 1 ALLISEN DOUGLAS EMPLOYEE AUTO X 22800 17009 0 1 1 ARTINA BLACKMON EMPLOYEE AUTO X 50045 48383 0 1 1 DEBONY WASHINGTON TREASURER BUSINESS X 649000 520000 0 1 1 ERICA BALDWIN EMPLOYEE AUTO X 10515 10330 0 1 1 RASHANDA SMITH EMPLOYEE CONSUMER X 5323 5125 0 1 1 RONNIE MARSHALL JR EMPLOYEE CONSUMER X 2500 2301 0 1 1 RONNIE MARSHALL SR BOARD MEMBER BUSINESS X 34031 31821 0 1 1 ZANIYA WASHINGTON EMPLOYEE AUTO X 26578 22391 0 1 1 ARLO WASHINGTON PRESIDENT PROPERTY X 110025 110025 0 1 1 826099 FORM 990, PART VI, SECTION A, LINE 2 ARLO WASHINGTON AND DEBONY WASHINGTON HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION'S BOARD DOES NOT HAVE ANY COMMITTEES WITH GOVERNING AUTHORITY. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PRESENTED TO THE FULL BOARD FOR REVIEW BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS REVIEWS OFFICER AND KEY EMPLOYEE SALARIES BY COMPARING WITH PEER ORGANIZATION SALARIES AND EVALUATION OF STAFF PERFORMANCE. THE ORGANIZATION CONDUCTED INFORMAL RESEARCH BY CHECKING COMPARABLE POSITIONS' SALARIES IN ITS LOCATION AND THROUGH DECISIONS WITH OTHER NON PROFITS. THE RESULTS OF THE DISCUSSIONS FOR OFFICER SALARIES ARE DOCUMENTED IN THE BOARD'S MEETING MINUTES. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST AND TO ALL FUNDERS. FORM 990, PART XI, LINE 9: ADOPTION OF ASC 326 -246,923. PEOPLE TRUST COMMUNITY FEDERAL CREDIT UNION 4103 E BROADWAY STREET NORTH LITTLE ROCK AR 72117 874081295 CREDIT UNION AR 501(C)(1) N/A N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0