2024-02-28T14:17:22-05:00 2023-06-30 231709427 BERTZ HESS & CO LLP 36 EAST KING ST LANCASTER PA 17602 990 2022-07-01 232827808 ASSETS LANCASTER ASSE 7173936089 100 SOUTH QUEEN ST SUITE 246 LANCASTER PA 17603 JAIME ARROYO CEO 7173936089 2024-01-31 true JAIME ARROYO XXX-XX-XXXX false THOMAS A WOBBER CPA P01276864 7173930767 2024-01-31 2022 2023-04-26 12:10:37Z EXTENSION GRANTED TO MAY 15 2024 JAIME ARROYO 100 SOUTH QUEEN STREET SUITE 246 LANCASTER PA 17603 973060 false X WWW.ASSETSPA.ORG X 1995 PA ASSETS LANCASTER CREATES ECONOMIC OPPORTUNITY AND CULTIVATES ENTREPRENEURIAL LEADERSHIP TO ALLEVIATE POVERTY AND BUILD VIBRANT AND SUSTAINABLE COMMUNITIES. 13 12 25 17 0 1435725 937431 47750 35541 -49911 0 80166 88 1513730 973060 25650 0 912689 1042775 0 125585 498373 345269 1411062 1413694 102668 -440634 1401857 1576743 214784 830304 1187073 746439 X ASSETS LANCASTER IS A NON-PROFIT THAT WORKS WITH START-UP AND EXISTING BUSINESSES TO FORM A MORE EQUITABLE AND ETHICAL ECONOMY. ASSETS LANCASTER OFFERS IN-DEPTH TRAINING AND FINANCING FOR ENTREPRENEURS, AND WORKS WITH ESTABLISHED BUSINESSES TO IMPROVE THEIR SOCIAL AND ENVIRONMENTAL IMPACT. false false 918650 35541 ASSETS LANCASTER OFFERS MICROENTERPRISE DEVELOPMENT THROUGH TRAINING AND LENDING SERVICES FOR MICROENTERPRISES. ADDITIONALLY, IT OFFERS CONSULTING SERVICES TO ESTABLISHED BUSINESSES TO MEASURE AND IMPROVE SOCIAL AND ENVIRONMENTAL PERFORMANCE. ASSETS LANCASTER'S MICRO-LENDING IS DESIGNED TO PROVIDE SMALL AMOUNTS OF WORKING CAPITAL TO BUSINESS ENTREPRENEURS. THE LOANS WILL TYPICALLY RANGE BETWEEN 1,000 AND 20,000. THERE WERE 17 NEW LOANS WITH AN AVERAGE BALANCE OF 9,305 FOR THE FISCAL YEAR ENDING 6/30/23. 918650 true true false false false false false false false false true false false true true true true false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false true 18 0 25 true false false false false false false false false false false false false false false X 13 12 false false false false false false false true true false false true true true true true true true true false PA X X JAIME ARROYO 7173936089 100 SOUTH QUEEN STREET SUITE 246 LANCASTER PA 17603 JAIME ARROYO CEO 40.00 X 43375 0 0 ALEX ALVAREZ DIRECTOR 2.00 X 0 0 0 PETER BARBER VICE CHAIR 2.00 X X 0 0 0 KATHY GRANBOIS DIRECTOR 2.00 X 0 0 0 LANCE GREENE SECRETARY 2.00 X X 0 0 0 KENT HARTZLER CHAIR 2.00 X X 0 0 0 JOSEPH MARTINEZ DIRECTOR 2.00 X 0 0 0 FRANCINE MCNAIRY DIRECTOR 2.00 X 0 0 0 LIZ MARTIN CHAIR 2.00 X X 0 0 0 NANCY NEFF DIRECTOR 2.00 X 0 0 0 JULIE PEACHEY TREASURER 2.00 X X 0 0 0 JOAQUIN VILLARREAL DIRECTOR 2.00 X 0 0 0 DENISE WAYMAN DIRECTOR 2.00 X 0 0 0 43375 false false false 279324 658107 600 937431 PROGRAM SERVICE REVENUE 21241 21241 INTEREST INCOME 14300 14300 35541 MISCELLANEOUS INCOME 88 88 88 973060 35541 88 25650 25650 43375 30362 8675 4338 793004 555103 158601 79300 19236 13465 3847 1924 112990 79093 22598 11299 74170 51919 14834 7417 15700 10989 3141 1570 88 62 17 9 44691 44691 110784 110784 8861 8861 40562 40562 15238 10666 3048 1524 PROGRAM EXPENSES 65656 51159 14497 REPAIRS AND MAINTENANCE 10055 8044 2011 BAD DEBT EXPENSE 8694 8694 CONSULTING FEES 8160 8160 16780 11732 3352 1696 1413694 918650 369459 125585 812195 677901 132765 26115 2181 40504 99070 10924 12266 375664 79792 319866 295872 34500 59488 454953 1401857 1576743 1738 4979 133482 347708 30940 30940 48624 446677 214784 830304 X 324654 -212781 862419 959220 1187073 746439 1401857 1576743 -440634 X false true X true false X 1189021 939270 1479473 1435725 937431 5980920 1189021 939270 1479473 1435725 937431 5980920 73301 5907619 1403 16643 80166 88 98300 6079220 2855900 0.97180 0.97030 X PART II, LINE 10 MISCELLANEOUS INCOME 98,300 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 265295 27738 237557 44522 23523 20999 65847 28531 37316 295872 OPERATING LEASE RIGHT-OF-USE ASSET 365339 LONG TERM NOTES RECEIVABLE 80382 SECURITY DEPOSIT 9232 454953 OPERATING LEASE LIABILITY 365339 ACCRUED PAYROLL 41268 COMPENSATED ABSENCES 40070 446677 X 973060 973060 973060 1413694 1413694 1413694 SCHEDULE D, PAGE 3, PART X TAX RETURNS ARE OPEN FOR EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR THREE YEARS FROM THE DUE DATE OF THE RETURNS. THE TAX YEARS SUBJECT TO EXAMINATION BY THE STATE JURISDICTION ARE UNLIMITED. THE ORGANIZATION HAS EVALUATED ITS TAX FILINGS FOR THE OPEN TAX YEARS FOR UNCERTAIN TAX POSITIONS. false REIMAGINING OUR COMMUNITY 9 25650 FORM 990 - ORGANIZATION'S MISSION ASSETS LANCASTER IS A NON-PROFIT THAT WORKS WITH START-UP AND EXISTING BUSINESSES TO FORM A MORE EQUITABLE AND ETHICAL ECONOMY. ASSETS LANCASTER OFFERS IN-DEPTH TRAINING AND FINANCING FOR ENTREPRENEURS, AND WORKS WITH ESTABLISHED BUSINESSES TO IMPROVE THEIR SOCIAL AND ENVIRONMENTAL IMPACT. FORM 990, PAGE 6, PART VI, LINE 11B THE 990 IS REVIEWED WITH THE BOARD TREASURER BEFORE FILING. FORM 990, PAGE 6, PART VI, LINE 12C THE ORGANIZATION ANNUALLY MONITORS COMPLIANCE WITH THIS POLICY BY ENSURING THAT BOARD MEMBERS FILL OUT A FORM EACH YEAR DISCLOSING POTENTIAL CONFLICTS OF INTEREST. THIS INFORMATION IS KEPT ON FILE. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION IS BASED ON COMPARABLE DATA OBTAINED THROUGH THE CHAMBER OF COMMERCE WAGE AND BENEFIT SURVEY. FORM 990, PAGE 6, PART VI, LINE 15B OFFICERS OF THE BOARD OF DIRECTORS ARE NOT COMPENSATED. KEY EMPLOYEE COMPENSATION IS BASED ON COMPARABLE DATA OBTAINED THROUGH THE CHAMBER OF COMMERCE. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE PROVIDED UPON REQUEST.