2024-05-13T15:08:17-05:00 2023-12-31 310800053 CLARK SCHAEFER HACKETT & CO 1656 HENTHORNE DR SUITE 400 MAUMEE OH 43537 990 2023-01-01 205542830 WEST CENTRAL DEVELOPMENT CORPORATION WEST 4198738322 955 COMMERCE DR A PERRYSBURG OH 43551 JULIE E JUROSIC CPA CHIEF OPERATING OFFICER 4198738322 2024-05-13 1 JULIE JUROSIC CPA 999009999 1 KRISTI L LEETH P00182413 4198412848 2024-05-10 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z ANCHOR FINANCIAL SERVICES JULIE E JUROSIC CPA 955 COMMERCE DR A PERRYSBURG OH 43551 2012501 0 X ANCHORSBA.COM X 2006 OH TO IMPROVE THE LIVES OF DISADVANTAGED PEOPLE AND STRENGTHEN DISTRESSED COMMUNITIES THROUGH INNOVATIVE FINANCE. 5 3 3 0 0 0 1975268 1486910 414986 511024 8131 14567 0 0 2398385 2012501 212200 0 0 0 239666 387536 0 0 0 229460 264732 681326 652268 1717059 1360233 4565450 5801510 1277856 1153683 3287594 4647827 X TO PROMOTE ECONOMIC DEVELOPMENT AND SUSTAINABLE JOB GROWTH THROUGH FINANCING OF VIABLE SMALL BUSINESSES BY BEING AN AGENT OF THE GOVERNMENT, A PARTNER FOR COMMUNITY BANKS AND A CHAMPION FOR BUSINESSES. 0 0 306832 293321 504 LOAN PROGRAM - ADMINISTER AN OUTSTANDING PORTFOLIO CONSISTING OF 85 LOANS WITH OUTSTANDING PRINCIPAL BALANCES OF $46,092,928. DURING 2023, 2 LOANS TOTALING $4,886,000 WERE APPROVED AND 3 LOANS TOTALING $6,138,000 WERE FUNDED. THIS PROGRAM PROVIDES LOANS TO SMALL BUSINESSES FOR FIXED ASSET PROJECTS AND 2,623 JOBS HAVE BEEN CREATED. THE 504 LOAN PROGRAM ADHERES TO THE POLICIES AND PROCEDURES SET FORTH BY THE U.S. SMALL BUSINESS ADMINISTRATION. 163536 156334 COMMUNITY ADVANTAGE LOAN PROGRAM - ADMINISTER AN OUTSTANDING LOAN PORTFOLIO CONSISTING OF 71 LOANS WITH OUTSTANDING PRINCIPAL BALANCES OF $3,468,755. DURING 2023, 2 LOANS TOTALING $590,000 WERE APPROVED AND 3 LOANS TOTALING $645,000 WERE FUNDED. THIS PROGRAM PROVIDES LOANS TO SMALL BUSINESSES FOR WORKING CAPITAL, INVENTORY, LEASEHOLD IMPROVEMENTS, AND OTHER GENERAL BUSINESS EXPENSES. 63.4% OF THE LOANS WERE PROVIDED TO SMALL BUSINESSES WITHIN UNDERSERVED MARKETS AND 523.5 JOBS HAVE BEEN CREATED. 1,768.25 HOURS OF TECHNICAL SUPPORT HAVE BEEN PROVIDED. THE COMMUNITY ADVANTAGE LOAN PROGRAM ADHERES TO THE POLICIES AND PROCEDURES SET FORTH BY THE U.S. SMALL BUSINESS ADMINISTRATION. 40100 38334 REGIONAL 166 LOAN PROGRAM - ADMINISTER AN OUTSTANDING LOAN PORTFOLIO CONSISTING OF 5 LOANS WITH OUTSTANDING PRINCIPAL BALANCES OF $1,282,639. DURING 2023, 2 LOANS TOTALING $986,980 WERE APPROVED AND 1 LOAN TOTALING $850,657 WAS FUNDED. THIS PROGRAM PROVIDES LOANS TO OHIO MANUFACTURERS FOR FIXED ASSET PURCHASES OR IMPROVEMENTS AND 328 JOBS HAVE BEEN CREATED. THE REGIONAL 166 LOAN PROGRAM ADHERES TO THE POLICIES AND PROCEDURES SET FORTH BY THE OHIO DEPARTMENT OF ADMINISTRATIVE SERVICES. 24096 23035 ADMINISTER AN OUTSTANDING LOAN PORTFOLIO CONSISTING OF 7 LOANS WITH OUTSTANDING PRINCIPAL BALANCES OF $1,598,323. DURING 2023, 5 LOANS TOTALING $1,136,409 WERE APPROVED AND FUNDED. OTHER LOAN PROGRAMS PROVIDE LOANS TO TARGETED INVESTMENT AREAS AS DEFINED BY THE CDFI FUND AND ARE SUPPORTED BY GRANT REVENUE TO CREATE INNOVATIVE LOAN PROGRAMS TO SUPPORT SMALL BUSINESSES AND ECONOMIC GROWTH. THESE PROGRAMS HAVE CREATED 126 JOBS AND RETAINED 142 JOBS. 24096 23035 534564 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5 0 1 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 OH FL X X X JULIE E JUROSIC CPA 4198738322 955 COMMERCE DR SUITE A PERRYSBURG OH 43551 ROBERT HUFF PRESIDENT 40.00 X X 105432 0 15551 JULIE JUROSIC CHIEF OPERATING OFFICER 40.00 X X 127980 0 14507 WILLIAM LEAHY BOARD MEMBER 1.00 X 0 0 0 EUGENE BRUNSWICK BOARD MEMBER 1.00 X 0 0 0 TIMOTHY LONES BOARD MEMBER 1.00 X 0 0 0 233412 0 30058 2 0 0 0 0 1486910 1486910 LOAN ADMINISTRATION IN 522291 511024 511024 511024 14567 14567 2012501 511024 0 14567 263470 223950 39520 94562 80377 14185 2740 2329 411 3089 2626 463 23675 20124 3551 1400 1400 25900 25900 2565 2565 37911 30818 7093 75996 61220 14776 11187 8971 2216 30417 30417 8769 7015 1754 748 748 PROVISION FOR CREDIT LO 62636 62636 LOAN PROCESSING 3167 3167 DUES AND SUBSCRIPTIONS 2732 2732 COLLECTION 914 914 390 390 652268 534564 117704 0 784144 739437 861432 1997480 160913 18826 12378 2757658 2829847 50 50 103571 102832 9508 739 123464 58936 10368 1730 4565450 5801510 103184 90563 50997 0 1123675 1063120 1277856 1153683 X 3287594 4647827 3287594 4647827 4565450 5801510 1360233 0 X 0 1 X 0 1 1 X 133400 481487 1975268 1486910 4077065 728336 516478 700117 414986 511024 2870941 728336 649878 1181604 2390254 1997934 6948006 0 0 0 6948006 2320 804 1242 9052 14567 27985 2320 804 1242 9052 14567 27985 730656 650682 1182846 2399306 2012501 6975991 0.99600 0.99750 0.00400 0.00250 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 103571 102832 739 739 X 2012501 0 2012501 0 2012501 652268 0 652268 0 652268 PART X, LINE 2: THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT REQUIRE DISCLOSURE IN THESE FINANCIAL STATEMENTS UNDER THE FASB ACCOUNTING STANDARDS CODIFICATION TOPIC INCOME TAXES. FORM 990, PART VI, SECTION B, LINE 11B UPON COMPLETION, A COPY OF THE FORM 990 IS PROVIDED TO EACH BOARD MEMBER FOR THEIR REVIEW. BOARD MEMBERS ARE GIVEN A DEADLINE WHICH COMMENTS MUST BE RECEIVED. AFTER THE REQUIRED DEADLINE HAS PASSED, ALL COMMENTS OR QUESTIONS ARE ADDRESSED WITH THE ENTIRE BOARD. THE FORM 990 IS THEN SUBMITTED TO THE INTERNAL REVENUE SERVICE IN COMPLIANCE WITH FEDERAL AND BOARD REGULATION. FORM 990, PART VI, SECTION B, LINE 12C ACTIVITY SINCE THE PREVIOUS MEETING IS DISCUSSED AT EACH BOARD MEETING. IF ANY BOARD MEMBER HAS A CONFLICT OF INTEREST WITH ANY OF THE ACTIVITY, THEY ARE TO NOTE THAT INFORMATION IMMEDIATELY AND ABSTAIN FROM ANY POTENTIAL VOTE REGARDING THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS BASED UPON AN INDUSTRY STUDY FOR EACH POSITION. THE ANNUAL AVERAGE COMPENSATION STRUCTURE IS USED TO DETERMINE THE CURRENT ANNUAL SALARY OF EACH EMPLOYEE. ANNUAL EMPLOYEE PERFORMANCE EVALUATIONS ALONG WITH ANY CHANGES OR ADDITIONS IN JOB RESPONSIBILITIES AS WELL AS THE OVERALL FINANCIAL STATUS OF THE ORGANIZATION AND PROJECTED BUDGET ARE ALSO TAKEN INTO ACCOUNT IN EVALUATING ANY CHANGES TO COMPENSATION. FORM 990, PART VI, SECTION C, LINE 18 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE ALL MADE AVAILABLE TO THE PUBLIC THROUGH INSPECTION AT AN OFFICE OF THE ORGANIZATION. ADDITIONALLY, AS A NON-PROFIT ORGANIZATION, THE ANNUAL TAX RETURN, WHICH INCLUDES FINANCIAL INFORMATION IS POSTED ON THE GUIDESTAR WEBSITE FOR VIEWING BY THE GENERAL PUBLIC. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE ALL MADE AVAILABLE TO THE PUBLIC THROUGH INSPECTION AT AN OFFICE OF THE ORGANIZATION.