2024-11-12T07:38:20-05:00 2023-12-31 990 2023-01-01 581562750 Self-Help Ventures Fund SELF 301 West Main Street Durham NC 27701 Amanda Frazier Wong President 9199564400 2024-11-12 true 2023 2024-10-15 13:58:12Z Amanda Frazier Wong 70329716 false X www.self-help.org X 1984 NC Self-Help Ventures Funds mission is to create and protect ownership and economic opportunity for all, especially people of color, women, rural residents and low-wealth families and communities. 11 10 0 0 0 36923780 1975299 56038772 58452626 1929492 6677188 606723 625972 95498767 67731085 0 0 0 0 0 43396272 57501791 43396272 57501791 52102495 10229294 1009821673 1032930060 378950011 391922186 630871662 641007874 Self-Help Ventures Funds mission is to create and protect ownership and economic opportunity for all, especially people of color, women, rural residents and low-wealth families and communities. false false 25961591 19389540 Economic development through the renovation of historic buildings, construction of new buildings in distressed communities. Providing quality, affordable retail, community facilities and commercial rental space to revitalize and stabilize distressed communities.Economic development through provision of rental property in distressed and blighted areas,Total beneficiaries = approximately 7,200 11856160 22217026 Charitable loans and investments to community development projects employing low-income, minority and unemployed persons; to projects in low-income,minority, rural and distressed communities; and to charitable organizations.Total beneficiaries = approximately 3,308 5377516 16846060 Facilitation of a secondary market at reasonable rates on a substainable basis for home mortgages made to low-income and minority buyers who live in distressed communities to make homeownership more widely available to these families.Total beneficiaries = approximately 19,173 43195267 true true false false false false false false false false true false true false true true true false false false false false false false false false false false false true false false false false false false false false true false false false true true true true true false true 141 0 true 0 false false false false false false false false false false false false false false X 11 10 false false true false false false false true true false false true true true true true true true true true true CA X Marcus Bowen 9199564693 301 W Main Street Durham NC 27701 X Russel Hagen Manager Transition Ex 0.00 40.00 X 0 158143 19402 Jeremy Hofer Commercial Lending Sector Lea 0.00 40.00 X 0 118778 25889 Lillian Steponaitis Director Special Projects 0.00 40.00 X 0 122543 18686 Jorge Lopez Colunga Business Development Officer 0.00 40.00 X 0 120652 18516 Randy Chambers TreasurerSecretary 0.00 40.00 X 0 96777 40752 Machika Smyzer Stewart Director Talent Management 0.00 40.00 X 0 120920 12045 Martin Eakes CEODirector 0.00 40.00 X X 0 97699 33733 Amanda Frazier Wong President 0.00 40.00 X 0 103963 22784 Jean Pudlo Director 0.50 0.00 X 0 0 0 Lynne Walker Director 0.50 0.00 X 0 0 0 Ajulo Othow Director 0.50 0.00 X 0 0 0 Duanne Andrade Diretor 0.50 0.00 X 0 0 0 Matthew Hobbs DirectorChair 0.50 0.00 X 0 0 0 Elbert Avery Director 0.50 0.00 X 0 0 0 Robert Schall Director 0.50 0.00 X 0 0 0 Catherine Clark Director 0.50 0.00 X 0 0 0 Marla Bilonick Director 0.50 0.00 X 0 0 0 Mark Korell Director 0.50 0.00 X 0 0 0 Ronn Stewart Director 0.50 0.00 X 0 0 0 James H Sills III Director 0.50 0.00 X 0 0 0 Tara Kenchen Director 0.50 0.00 X 0 0 0 0 939475 191807 0 false true false CT Wilson Construction Company 150 Golden Drive Suite 200 Durham NC 27705 Construction 6499312 Magnolia Construction LLC 514 S Stratford Road Suite 140 Winston Salem NC 27103 Construction 455326 Charles Pankow Builders LTD 199 South Los Robles Avenue Suite Pasadena CA 91101 Construction 404932 Forvis LLP P O Box 602828 Charlotte NC 28260 Accounting Firm 367391 CoxSchepp Construction LLC 2410 Dunavant Street Charlotte NC 28203 Construction 347117 27 256500 300000 1418799 2077742 1975299 Interest on PRIs 525990 28559532 28559532 Interest on MBS 525990 5612863 5612863 Loan origination & fees 900099 4890691 4890691 Rental income 531310 19389540 19389540 58452626 6790401 6790401 2478787 1852815 625972 625972 625972 632603 745816 -113213 -113213 -113213 67731085 58965385 0 6790401 17456 17456 11714 11714 449270 1395 447875 272885 19043 253842 1519710 52979 1466731 164544 164544 819121 187130 631991 46303 20112 26191 15250423 15250423 58032 58032 7859092 7859092 63544 63544 Provision for credit losses -460926 -460926 Staffing Reimbursement 17273288 7345701 9927587 Real Estate operating expens 8907257 8907257 Loan administration 2264385 2122783 141602 2985693 1826734 1158959 57501791 43195267 14306524 0 160562050 160288792 39403347 43775423 299367993 72295043 211927514 227072950 157783421 142428200 419108345 440702692 21036996 18662003 1009821673 1032930060 9880324 11997283 175466785 185039743 179734307 182086610 13868595 12798550 378950011 391922186 X 584541431 594825466 46330231 46182408 630871662 641007874 1009821673 1032930060 X 10229294 -93082 X false true X true true true X X 1 Ctr Comm Self-Help 561271685 7 true 0 0 1 0 true false false false false false false false false false false false false false false true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12749290 28029391 40778681 20910830 224565999 63885390 181591439 1684092 11428391 8409653 4702830 227072950 Secondary capital in low-income CU 217000000 C Loans to disadvantaged borrowers 223702692 C 440702692 Liability for contingent losses 8773953 Operating lease liability 4024597 12798550 X 69583899 1852814 1852814 67731085 67731085 59354605 1852814 1852814 57501791 57501791 Other revenues not included on Form 990 (Part XI, line 2d) Total Revenue as shown on Line 12 of Part VIII of Form 990 includes only net rental income, in accordance with the Form 990 instructions. The total revenue shown on audited financial statements includes gross (not net) rental income. The difference between gross rental income and net rental income is $1,852,814. Other expenses not included on Form 990 (Part XII, line 2d) Total Revenue as shown on Line 12 of Part VIII of Form 990 includes only net rental income, in accordance with the Form 990 instructions. The total revenue shown on audited financial statements includes gross (not net) rental income. The difference between gross rental income and net rental income is $1,852,814. Footnote for uncertain tax position under FIN 48 (Part X) Self-Help Ventures Fund has determined that all tax positions taken for the current year endedDecember 31, 2023 and all years open under the statue of limitations are highly certain. Inaccordance with the accounting guidance for uncertainty in income taxes, Self-Help Ventures Fund has determined that no recognized tax liability exists. X false false false false false false false false false Russel Hagen Manager Transition Ex 158143 19402 177545 X Implied contribution 3 2077742 false false false Organizational document changes Part VI line 4 The organizations bylaws were amended in 2023 to remove the membership component. Form 990 governing body review Part VI line 11 The form 990 is prepared by staff accountants. The Chief Financial Officer, the Controller, and in-house counsel review multiple drafts and verify all answers before the form is provided to the Chief Executive Officer and board of directors for further review. Conflict of interest policy compliance Part VI line 12c The organizations Conflict of Interest Policy covers its officers, directors or trustees, all employees of the organization or any related organization, and family members of the person in these categories. All covered persons are required under the policy to disclose actual or potential conflicts as soon as they arise and the directors of the organization and related organizations confirm annually that there are no existing conflicts of interest. Persons with actual conflicts are prohibited from participating in any decisions revelant to the situation where the conflict exists. Most conflicts are clearly delineated by the policy; situations that are not so clear-cut are reviewed by in-house counsel, the CEO, or the Board as appropriate. CEO executive director top management comp Part VI line 15a The organization pays its highest paid workers including the CEO, top management officials and other officers in accordance with a salary ceiling that is confirmed annually by the board, and was last confirmed in November 2023. The ceiling is subject to adjustment for increased costs of living associated with the geographical areas in which workers are working, but is well below the average market salary for workers with comparable levels of expertise and experience. Other officer or key employee compensation Part VI line 15b The organization pays its highest paid workers including the CEO, top management officials and other officers in accordance with a salary ceiling that is confirmed annually by the board, and was last confirmed in November 2023. The ceiling is subject to adjustment for increased costs of living associated with the geographical areas in which workers are working, but is well below the average market salary for workers with comparable levels of expertise and experience. Governing documents etc available to public Part VI line 19 No documents are available to the public. Explanation of other changes in net assets or fund balances Part XI line 9 Other changes in net assets include, changes in noncontrolling interest, net unrealized losses on mortgage-backed securities and net amortization of forward purchase commitments. Part VII response or note to any other line in Part VII Form 990, Part VII, Section A, Line 1a: No director or officer received compensation for their work as a director, officer, or trustee; instead the amount listed in columns (E) and (F) are compensation paid to the full-time (approximately 40 hours per week) employees of the related organization, Self-Help Services Corporation, which serves as the employer for all of the filing organizations workers. Barr Building LLC 910 17th Street Washington DC 20006 260074134 commercial building DC 2510307 24765363 N/A Rocky Mount Post Office LLC 200 Tarboro Street Rocky Mount NC 27801 205485821 historic building NC 270 238498 N/A Self-Help Manager LLC 301 W Main Street Durham NC 27701 421539407 charitable lending NC 588936 1699700 N/A SHVF Development LLC 301 W Main Street Durham NC 27701 760739095 historic building NC 827289 4472549 N/A SHVF Properties LLC 301 W Main Street Durham NC 27701 760739101 historic building NC 1754651 26119919 N/A Proctor Hotel LLC 301 South Evans Street Greenville NC 27858 352225764 historic building NC 227703 2057268 SHVF Properties LLC Stella LLC 926 Elizabeth Street Charlotte NC 28204 201680929 historic building NC 420439 2756564 SHVF Properties LLC 123 West Main Street LLC 123 W Main Street Durham NC 27701 522376244 historic building NC 591170 2372759 SHVF Properties LLC 302 West Main Street LLC 302 W Main Street Durham NC 27701 760711533 historic building NC 418752 1454061 SHVF Properties LLC Market Square Business Center LLC 100 Hay Street Fayetteville NC 28301 562248785 historic building NC 114348 2564384 SHVF Properties LLC SHVF Revolution LLC 301 W Main Street Durham NC 27701 460787284 historic building NC 66 59849 N/A SHVF Olympic LLC 1601 Yanceyville Street Greensboro NC 27405 465656185 historic building NC 4104 3366814 N/A SHVF Mill House LLC 2005 Yanceyville Street Greensboro NC 27405 471971159 historic building NC 856965 39684118 Self-Help Historic Properties SHVF MCA Services LLC 301 W Main Street Durham NC 27701 814077545 charitable lending NC N/A 301 West Main Street LLC 301 W Main Street Durham NC 27701 822164774 historic building NC 764077 2650883 SHVF Properties LLC 115 Market Street LLC 115 Market Street Durham NC 27701 822239727 historic building NC 917646 2481632 SHVF Properties LLC 34 Wall Street LLC 34 Wall Street Asheville NC 28801 822136511 historic building NC 518069 1621250 SHVF Properties LLC 201 West Main Street LLC 201 W Main Street Durham NC 27701 822181298 historic building NC 1277615 3757011 SHVF Properties LLC 122 N Elm Street LLC 122 N Elm street Greensboro NC 27401 830749247 historic building NC 817071 2319835 SHVF Properties LLC 307 West Main Street LLC 307 W Main Street Durham NC 27701 274531580 historic building NC 333678 2461289 N/A Chapel Hill Sreet Development LLC 1121 W Chapel Hill Street Durham NC 27701 460776901 charitable development NC 1258691 10925807 N/A Self-Help New Markets XIII LLC 301 W Main Street Durham NC 27701 471087922 charitable loans 5709 18427 Self-Help Manager LLC SHVF Renaissance LLC 2521-2523 Phillips Avenue Greensboro NC 27405 472127242 historic building NC 374625 7471637 N/A SHHP Holloway Manager LLC 1107 Holloway Street Durham NC 27701 475630004 historic building NC 348 10102 N/A SHHP Holloway Tenant LLC 1107 Holloway Street Durham NC 27701 300884397 historic building NC 660576 6953714 Self-Help Ventures Fund Efird LLC 272 N Front Street Wilmington NC 28401 202060701 historic building NC 435244 3824414 N/A Historic Peoples BuildingLLC 107 S E Main Street Rocky Mount NC 27801 562182014 historic building NC 152383 2036485 N/A SHVF Ashton LLC 301 W Main Street Durham NC 27701 834537839 historic building NC 169772 4022794 N/A SHVF 1300 7th Street 301 W Main Street Durham NC 27701 884276824 historic building NC 64737 8285494 N/A Self-Help New Markets 17 LLC 301 W Main Street Durham NC 27701 920511761 charitable loans NC Self-Help Manager LLC SHVF Fruitvale Avenue LLC 1314-1328 Fruitvale Oakland CA 94612 922957015 historic building NC 9783 2236664 N/A SHVF Pulaski LLC 301 W Main Street Durham NC 27701 932285163 historic building NC 783876 N/A Self-Help Climate Capital LLC 301 W Main Street Durham NC 27701 932892180 charitable loans NC 1103 651103 N/A Self-Help Investor XIII LLC 301 W Main Street Durham NC 27701 471085897 charitable lending NC 435533 1570781 N/A Self-Help New Markets 18 LLC 301 W Main Street Durham NC 27701 923411003 charitable lending NC N/A Self-Help New Markets 19 LLC 301 W Main Street Durham NC 27701 923439355 charitable lending NC N/A Self-Help New Markets 20 LLC 301 W Main Street Durham NC 27701 923466932 charitabe lending NC N/A Self-Help New Markets 21 LLC 301 W Main Street Durham NC 27701 923507693 charitable lending NC N/A Self-Help New Markets 22 LLC 301 W Main Street Durham NC 27701 923598038 charitable lending NC N/A Self-Help New Markets 23 LLC 301 W Main Street Durham NC 27701 923855507 charitable lending NC N/A Self-Help New Markets 24 LLC 301 W Main Street Durham NC 27701 923877094 charitable lending NC N/A Self-Help New Markets 25 LLC 301 W Main Street Durham NC 27701 923894069 charitable lending NC N/A Self-Help New Markets 26 LLC 301 W Main Street Durham NC 27701 923911891 charitable lending NC N/A Self-Help New Markets 27 LLC 301 W Main Street Durham NC 27701 923941073 charitable lending NC N/A Self-Help New Markets 28 LLC 301 W Main Street Durham NC 27701 923965728 charitable lending NC N/A Self-Help New Markets 29 LLC 301 W Main Street Durham NC 27701 923998728 charitable lending NC N/A Self-Help New Markets 30 LLC 301 W Main Street Durham NC 27701 924010416 charitable lending NC N/A SHVF Fond Du Lac LLC 301 W Main Street Durham NC 27701 933327017 historic building NC N/A Center for Community Self-Help 301 W Main Street Durham NC 27701 561271685 economic development NC 501c3 7 N/A Self-Help Services Corporation 301 W Main Street Durham NC 27701 561849615 staffing services NC 501c3 12a Center for Community Self-Help Self-Help Assistance Corporaton 301 W Main Street Durham NC 27701 561923620 economic development NC 501c3 12a Center for Community Self-Help Self-Help Community Development Cor 301 W Main Street Durham NC 27701 561975829 affordable housing NC 501c3 12a Center for Community Self-Help Center for Responsible Lending 302 W Main Street Durham NC 27701 743043913 research & advocacy NC 501c3 12a Center for Community Self-Help Self-Help Credit Union 301 W Main Street Durham NC 27701 561382971 economic development NC 501c14 N/A Self-Help Federal Credit Union 301 W Main Street Durham NC 27701 263016612 economic development NC 501c1 N/A Self-Help Economic DevelopmentInc 1330 Broadway Street Suite 604 Oakland CA 94612 205330006 financial capability CA 501c3 7 Center for Community Self-Help Maplewood Partners LLC 113 S Wilmington Street Raleigh NC 27601 770698721 affordable housing NC Self-Help Housing Inc Related false true 0.03300 Self-Help New Markets XIV LLC 301 W Main Street Durham NC 27701 471092867 charitable loans NC Self-Help Manager LLC Related 22 false true 0.01000 Historic Revolution Manager LLC 1200 Revolution Mill Drive Greensboro NC 27405 320460950 historic building NC Self-Help Historic Properties Related -120691 11914700 false true 0.95000 Historic Revolution Tenant LLC 1200 Revolution Mill Greensboro NC 27405 611757766 historic building NC Historic Revolution Manager LLC Related 82943 837970 false true 0.01000 Historic Revolution LLC 1200 Revolution Mill Drive Greensboro NC 27405 900882852 historic building NC Self-Help Historic Properties Related 1592273 31323006 false true 0.39000 SHHP Holloway LLC 1107 Holloway Street Durham NC 27701 473440585 historic building NC Self-Help Historic Properties Related 567072 10443458 false true 0.95000 SHHP East Durham LLC 2101 Angier Avenue Durham NC 27703 475278135 historic building NC Self-Help Historic Properties Related 233360 7629998 false true 0.80000 SHHP East Durham Manager LLC 2101 Angier Avenue Durham NC 27703 352596782 historic building NC Self-Help Historic Properties Related 1927 68991 false true 0.99000 SHHP East Durham Tenant LLC 2101 Angier Avenue Durham NC 27703 300992644 historic building NC SHHP East Durham Manager LLC Related 6068 59683 false true 0.01000 SHHP Pearson LLC 600 East Umstead Street Durham NC 27701 384031181 historic building NC Self-Help Historic Properties Related 96742 7743113 false true 0.85000 SHHP Pearson Manager LLC 600 East Umstead Street Durham NC 27701 352602238 historic building NC Self-Help Historic Properties Related 959 27 false true 0.99000 SHHP Pearson Tenant LLC 600 East Umstead Street Durham NC 27701 320539466 historic building NC Self-Help Ventures Fund Related 262748 5224481 false true 1.00000 SHVF Mill House Manager LLC 2005 Yanceyville Street Greensboro NC 27405 872077952 historic building NC Self-Help Historic Properties Related 1681 17560226 false true 0.01000 SHVF Mill House Tenant LLC 2005 Yanceyville Street Greensboro NC 27405 872087527 historic building NC SHVF Mill House Manager LLC Related 8148 279381 false true 0.01000 SHVF Beacon Point LLC 301 W Main Street Durham NC 27701 882530252 affordable housing NC Self-Help Ventures Fund Related 354793 23014653 false true 0.95000 Self-Help New Markets 15 LLC 301 W Main Street Durham NC 27701 920459485 charitable loans NC Self-Help Manager LLC Related 669 70045 false true 0.01000 Self-Help New Markets 16 LLC 301 W Main Street Durham NC 27701 920482078 charitable loans NC Self-Help Manager LLC Related 1095 40121 false true 0.01000 Willard Street Developer LLC 113 S Wilmington Street Raleigh NC 27601 834304460 affordable housing NC Self-Help Ventures Fund Related false false 0.10000 Willard Street Manager LLC 113 S Wilmington Street Raleigh NC 27601 831895170 affordable housing NC Self-Help Ventures Fund Related false false 0.10000 Ashton Place Housing LLC 113 S Wilmington Street Raleigh NC 27601 872612408 affordable housing NC Self-Help Ventures Fund Related false false 0.01000 Ashton Place Managing Member LLC 113 S Wilmington Street Raleigh NC 27601 874040924 affordable housing NC Self-Help Ventures Fund Related false false 0.50000 Ashton Place Developer LLC 113 S Wilmington Street Raleigh NC 27601 874085651 affordable housing NC SHVF Development LLC Related false false 0.50000 Hardee Street Housing LLC 113 S Wilmington Street Raleigh NC 27601 872587352 affordable housing NC Hardee Street Managing Member LLC Related false false 0.01000 Hardee Street Developer LLC 113 S Wilmington Street Raleigh NC 27601 874097549 affordable housing NC SHVF Development LLC Related false false 0.50000 Hardee Street Managing Member LLC 113 S Wilmington Street Raleigh NC 27601 872594916 NC affordable housing Related false false 0.50000 Willard Street LLC 113 S Wilmington Street Raleigh NC 27601 831918550 affordable housing NC Willard Street Manager LLC Related false false 0.01000 Self-Help Historic Properties Inc 301 W Main Street Durham NC 27701 202948696 historic renovation NC N/A C Corp -1271111 14661056 1.00000 true Self-Help Housing Inc 301 W Main Street Durham NC 27701 261274201 affordable housing NC N/A C Corp 10 204448 1.00000 true false true false true false true false true false true false false false true false true false false true Self-Help Credit Union j 634817 cash Self-Help Credit Union h 4601194 cash Self-Help Credit Union f 3714524 cash Self-Help Federal Credit Union f 17286119 cash Historic Revolution LLC ai 353657 cash Historic Revolution LLC d 7749042 cash SHVF Beacon Point LLC d 7788000 cash Self-Help Historic Properties d 3959322 cash Ashton Place LLC d 340000 cash Hardee Street LLC d 4000000 cash Explanation of information on Schedule R Full name, adresses and EINs for information that did not fit in the original schedule. * Maplewood Partners - 113 S. Wilmington Street, Raleigh, NC 27601 - EIN 77-0698721 * Historic Revolution Manager, LLC - 1200 Revolution Mill Drive, Greensboro, NC 27405 - EIN 32-0460950 * Historic Revolution Tenant, LLC - 1200 Revolution Mill Drive, Greensboro, NC 27405 - EIN 61-1757766 * Historic Revolution, LLC - 1200 Revolution Mill Drive, Greensboro, NC 27405 - EIN 90-0882852 * Self-Help New Markets XIV, LLC - 301 W. Main Street, Durham, NC 27701 - EIN 47-1092867 * SHVF Beacon Point, LLC - 301 W. Main Street, Durham, NC * Self-Help New Markets 15, LLC - 301 W. Main Street, Durham, NC 27701 - EIN 92-0459485 * Self-Help New Markets 16, LLC - 301 W. Main Street, Durham, NC 27701 - EIN 92-0482078 27701 - EIN 88-2530252 * SHHP Holloway, LLC - 1107 Holloway Street, Durham, NC 27701 - EIN 47-3440585 *SHHP East Durham, LLC - 2101 Angier Avenue, Durham, NC 27703 - EIN 47-5278135 * SHHP East Durham Manager, LLC - 2101 Angier Avenue, Durham, NC 27703 - EIN 35-2596782 * SHHP East Durham Tenant, LLC - 2101 Angier Avenue, Durham, NC 27703 - EIN 30-0992644 * SHHP Pearson, LLC - 600 East Umstead Street, Durham, NC 27701 - EIN 38-4031181 * SHHP Pearson Manager, LLC - 600 East Umstead Street, Durham, NC 27701 - EIN 35-2602238 * SHHP Pearson Tenant, LLC - 600 East Umstead Street, Durham, NC 27701 - EIN 32-0539466 * SHVF Mill House Manager, LLC - 2005 Yanceyville Street, Greensboro, NC 27405 - EIN 87-2077952 * SHVF Mill House Tenant, LLC - 2005 Yanceyville Street, Greensboro, NC 27405 - EIN 87-2087527 * Willard Street Developer, LLC - 113 S. Wilmington Street, Raleigh, NC 27601 - EIN 83-4304460 * Willard Street Manager, LLC - 113 S. Wilmington Street, Raleigh, NC 27601 - EIN 83-1895170 * Ashton Place Housing, LLC - 113 S. Wilmington Street, Raleigh, NC 27601 - EIN 87-2612408 * Ashton Place Managing Member, LLC - 113 S. Wilmington Street, Raleigh, NC 27601 - EIN 87-4040924 * Ashton Place Developer, LLC - 113 S. Wilmington Street, Raleigh, NC 27601 - EIN 87-4085651 * Hardee Street Housing, LLC - 113 S. Wilmington, Raleigh, NC 27601 - EIN 87-2587352 * Hardee Street Developer, LLC - 113 S. Wilmington Street, Raleigh, NC 27601 - EIN 87-4097549 * Hardee Street Managing Member, LLC - 113 S. Wilmington Street, Raleigh, NC 27601 - EIN 87-2594916 * Willard Street, LLC - 113 S. Wilmington Street, Raleigh, NC 27601 - EIN 83-1918550