2024-04-30T07:39:26-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 1525 VALLEY CENTER PARKWAY STE 300 BETHLEHEM PA 180172285 990 2022-07-01 233079170 RISING TIDE COMMUNITY LOAN FUND RISI 6106915620 1337 EAST FIFTH STREET BETHLEHEM PA 18015 DAWN GODSHALL EXECUTIVE DIRECTOR 6106915620 2024-04-22 1 DAWN GODSHALL 999009999 0 CARY J GIACALONE II CPA P01799465 6104335501 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DAWN GODSHALL 1337 EAST FIFTH STREET BETHLEHEM PA 18015 955580 0 X CACLV.ORG X 2001 PA THE ORGANIZATION PROVIDES LOANS TO SMALL OR START-UP BUSINESS VENTURES, THAT MAY NOT QUALIFY TO BANK STANDARDS THEREBY IMPROVING ECONOMICALLY DEPRESSED COMMUNITIES. 13 13 5 0 0 0 8630253 727692 178437 200213 2437 27675 0 0 8811127 955580 7535299 1409 0 0 301440 303072 0 0 35289 329224 507699 8165963 812180 645164 143400 5943913 6802134 3591127 4305948 2352786 2496186 X THE ORGANIZATION PROVIDES LOANS TO SMALL OR START-UP BUSINESS VENTURES, THAT MAY NOT QUALIFY TO BANK STANDARDS THEREBY IMPROVING ECONOMICALLY DEPRESSED COMMUNITIES. 0 0 691783 1409 200213 THE ORGANIZATION PROVIDES LOANS TO SMALL OR START-UP BUSINESS VENTURES, THAT MAY NOT QUALIFY TO BANK STANDARDS, TO IMPROVE THE SOCIAL WELFARE OF ECONOMICALLY DEPRESSED OR BLIGHTED NEIGHBORHOODS OF THE COMMUNITY. DONOR/INVESTORS HAVE LOANED FUNDS FOR USE IN PROGRAM LENDING AT NO OR BELOW MARKET INTEREST.DURING OUR FISCAL YEAR ENDING JUNE 30, 2023, WE MADE 25 LOANS TO 24 DIFFERENT BUSINESSES: OF THESE 15 WERE MADE TO WOMAN-OWNED BUSINESSES, 22 WERE MADE TO MINORITY-OWNED BUSINESSES AND 23 WERE TO BUSINESSES OWNED BY LOW-TO MODERATE-INCOME INDIVIDUALS AND/OR LOCATED IN LOW-TO MODERATEINCOME CENSUS TRACTS. DISBURSED MORE THAN $1,800,000, BRINGING THE TOTAL DISBURSED BY THE RISING TIDE TO DATE TO JUST OVER $12 MILLION. BUSINESSES THAT RECEIVED LOANS IN 2022-2023 WERE FOUR TRUCKING COMPANIES, TWO BOARD GAMING BUSINESSES, TWO RESTAURANTS, A RETAIL STORE, A BREWERY, A BAKERY, A PRINTING COMPANY, A CHILDCARE CENTER, A MEDIA COMPANY, AN EVENTS CENTER, A FLOWER SHOP, A CAF, A FITNESS CENTER, A PAVING COMPANY, A NOTARY, A GROCERY STORE, A CATERING BUSINESS, A RAMEN SUPPLY COMPANY AND A BEAUTY SALON. PART OF THE PROGRAM INCLUDED FREE OF COST MARKETING SERVICES TO MORE THAN 60 BUSINESSES. SERVICES PROVIDED INCLUDED, BUT WERE NOT LIMITED TO, WEB DESIGN, LOGO DESIGN, SOCIAL MEDIA ASSISTANCE, AND THE CREATION OF MARKETING MATERIALS. 691783 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 5 0 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 PA X X X DAWN GODSHALL 6106915620 1337 EAST FIFTH STREET BETHLEHEM PA 18015 DAWN GODSHALL EXECUTIVE DIRECTOR 1.00 39.00 X 0 168561 13784 CHRIS HUDOCK ASSOCIATE EXECUTIVE DIR OF 50.00 X 0 85868 8133 BYRON ARAGON DEPUTY EXECUTIVE DIRECTOR FOR FINANCE 1.00 39.00 X 0 53104 239 STEPHEN BROOME DEPUTY EXECUTIVE DIRECTOR FOR FINANCE 1.00 39.00 X 0 0 0 OTIS MCNEIL PRESIDENT 2.00 X X 0 0 0 SALLY HANDLON VICE-PRESIDENT 2.00 X X 0 0 0 CHRIS JONES SECRETARY 2.00 X X 0 0 0 DAVID HAMMER TREASURER 2.00 X X 0 0 0 WAYNE BARZ BOARD MEMBER 2.00 X 0 0 0 PAT CORPORA BOARD MEMBER 2.00 X 0 0 0 GINA MASSOTO BOARD MEMBER 2.00 X 0 0 0 COLLEEN KRCELICH BOARD MEMBER 2.00 X 0 0 0 ELIZABETH ORTIZ BOARD MEMBER 2.00 X 0 0 0 LAUREN TAROLA BOARD MEMBER 2.00 X 0 0 0 MAREK TOMANEK BOARD MEMBER 2.00 X 0 0 0 TODD WATKINS BOARD MEMBER 2.00 X 0 0 0 RUSSELL FLETCHER JR BOARD MEMBER 2.00 X 0 0 0 0 307533 22156 0 1 1 0 0 692539 35153 727692 PROGRAM LOAN INTEREST 900099 177583 177583 PROGRAM FEES 900099 22630 22630 200213 27675 27675 955580 200213 0 27675 1409 1409 218313 218313 8255 8255 56857 56857 19647 19647 265248 152101 77858 35289 126 126 7250 7250 2005 2005 352 352 5434 5434 1431 1431 1250 1250 214 214 37365 37365 8001 8001 607 607 PROVISION FOR LOAN LOSS 117256 117256 PROGRAM EXPENSE 34965 34965 DUES AND SUBSCRIPTIONS 19131 19131 MISCELLANEOUS 7064 7064 812180 691783 85108 35289 4086021 3921624 4250 53000 50000 34264 22524 19741 11740 1780901 2818770 5943913 6802134 26092 32834 232941 234682 3316108 4028988 15986 9444 3591127 4305948 X 2053978 2135942 298808 360244 2352786 2496186 5943913 6802134 143400 0 X 0 1 X 1 0 X 124746 387873 1269479 8630253 727692 11140043 124746 387873 1269479 8630253 727692 11140043 11140043 245 206 527 2437 27675 31090 11171133 1108122 0.99720 0.99970 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 34264 22524 11740 11740 PROGRAM LOANS RECEIVABLE 2803280 DUE FROM AFFILIATE 15490 2818770 DUE TO AFFILIATE 8823 COMPENSATED ABSENCES 621 9444 X 966650 11070 11070 955580 0 955580 823250 11070 11070 812180 0 812180 PART X, LINE 2: NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE FINANCIAL STATEMENTS SINCE THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SIMILAR STATE PROVISIONS. HOWEVER, INCOME FROM ACTIVITIES NOT DIRECTLY RELATED TO THE ORGANIZATION'S TAX-EXEMPT PURPOSE, IF ANY, WOULD BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE ORGANIZATION COMPLIES WITH THE GUIDANCE FOR UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FASB ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY TAX AUTHORITIES. AS OF JUNE 30, 2023 AND 2022, THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. 0 0 0 0 0 0 0 0 0 DAWN GODSHALL EXECUTIVE DIRECTOR 0 168561 0 0 0 0 0 12408 0 1376 0 182345 0 0 BYRON ARAGON DEPUTY EXECUTIVE DIRECTOR FOR FINANC 0 53104 0 0 0 0 0 0 0 239 0 53343 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS FIRST REVIEWED BY THE DIRECTOR OF FINANCE, THEN THE GOVERNING BOARD IS GIVEN A COPY OF THE 990 FOR THEIR REVIEW. AFTER ALL NECESSARY CHANGES ARE MADE, IF ANY, THE GOVERNING BOARD FILES THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY INQUIRES IF ANYONE FROM THE BOARD HAS A CONFLICT OF INTEREST IN ANY VENDORS. IF A CONFLICT IS IDENTIFIED, THE MEMBER WITH THE CONFLICT OF INTEREST IS NOT ALLOWED TO VOTE ON ANY DECISION REGARDING THE VENDOR. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES THEIR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC, UPON REQUEST, AT THEIR ADMINISTRATIVE OFFICE. COMMUNITY ACTION COMMITTEE OF THE LV 1337 E 5TH STREET BETHLEHEM PA 18015 231669589 COMMUNITY DEVELOPMENT PA 501(C)(3) LINE 7 N/A 0 COMMUNITY ACTION DEVELOPMENT OF ALLENTOWN 523-525 N 7TH STREET ALLENTOWN PA 18102 232735252 COMMUNITY DEVELOPMENT PA 501(C)(3) LINE 7 N/A 0 COMMUNITY ACTION DEVELOPMENT OF BETHLEHEM 409 EAST 4TH STREET BETHLEHEM PA 18015 232934547 COMMUNITY DEVELOPMENT PA 501(C)(3) LINE 7 N/A 0 LEHIGH VALLEY COMMUNITY LAND TRUST 1337 E 5TH STREET BETHLEHEM PA 18015 264840272 HOUSING PA 501(C)(3) LINE 7 N/A 0 LEHIGH & NORTHAMPTON CTY REV LOAN FD 1337 E 5TH STREET BETHLEHEM PA 18015 232461494 FINANCE PA 501(C)(4) N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 CACLV INC C 100317 FAIR VALUE CACLV INC P 265248 FAIR VALUE