2025-02-14T11:44:55-06:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 1525 VALLEY CENTER PARKWAY STE 300 BETHLEHEM PA 180172285 990 2023-07-01 233079170 RISING TIDE COMMUNITY LOAN FUND RISI 6106915620 1337 EAST FIFTH STREET BETHLEHEM PA 18015 DAWN GODSHALL EXECUTIVE DIRECTOR 6106915620 2025-02-10 1 0 CARY J GIACALONE II CPA P01799465 6104335501 2023 2025-03-06 01:10:19Z DAWN GODSHALL 1337 EAST FIFTH STREET BETHLEHEM PA 18015 652946 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. 14 14 5 16 0 0 727692 317408 200213 236025 27675 99513 0 0 955580 652946 1409 2722 0 0 303072 289852 0 0 47135 507699 736280 812180 1028854 143400 -375908 6802134 6222255 4305948 4101977 2496186 2120278 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 889463 2722 236025 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.MADE LOANS TO 14 DIFFERENT BUSINESSES: OF THESE 8 WERE MADE TO WOMAN-OWNED BUSINESSES, 7 WERE MADE TO MINORITY-OWNED BUSINESSES AND 10 WERE TO BUSINESSES OWNED BY LOW-TO MODERATE-INCOME INDIVIDUALS AND/OR LOCATED IN LOW-TO MODERATE-INCOME CENSUS TRACTS. BUSINESSES THAT RECEIVED LOANS IN 2023-2024 WERE 3 PERSONAL CARE SALONS, A MANUFACTURER OF HORSE PRODUCTS, A BREWERY, A CLEANING BUSINESS, A COFFEE ROASTER, AN EVENT PLANNER, AN AUTO DETAILER, A CHILDCARE CENTER, A RESTAURANT, A PAVING COMPANY, AN ART RETAIL STORE AND AN INSURANCE BROKER. DISBURSED MORE THAN $625,000, BRINGING THE TOTAL DISBURSED BY THE RISING TIDE TO DATE TO JUST OVER $12.75 MILLION. PROVIDED FREE OF COST MARKETING SERVICES TO 47 BUSINESSES. SERVICES PROVIDED INCLUDED, BUT WERE NOT LIMITED TO, WEB DESIGN, LOGO DESIGN, SOCIAL MEDIA ASSISTANCE, AND THE CREATION OF MARKETING MATERIALS. 889463 1 1 0 0 0 0 0 0 0 0 1 0 0 0 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 1 0 1 5 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 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 175881 30511 CHRIS HUDOCK ASSOCIATE EXECUTIVE DIRECTOR 50.00 0.00 X 0 89466 32019 STEPHEN BROOME DEPUTY EXECUTIVE DIRECTOR-FINANCE 1.00 39.00 X 0 73198 0 OTIS MCNEIL PRESIDENT (THRU 12/23) 2.00 0.00 X X 0 0 0 SALLY HANDLON PRESIDENT 2.00 0.00 X X 0 0 0 TODD WATKINS VICE-PRESIDENT 2.00 0.00 X X 0 0 0 DAVID HAMMER TREASURER 2.00 0.00 X X 0 0 0 CHRIS JONES SECRETARY (THRU 12/23) 2.00 0.00 X X 0 0 0 ELIZABETH ORTIZ SECRETARY 2.00 0.00 X X 0 0 0 WAYNE BARZ BOARD MEMBER 2.00 0.00 X 0 0 0 PAT CORPORA BOARD MEMBER 2.00 0.00 X 0 0 0 DANIEL DIAZ BOARD MEMBER 2.00 0.00 X 0 0 0 KIM EDWARDS BOARD MEMBER 2.00 0.00 X 0 0 0 RUSSELL FLETCHER JR BOARD MEMBER 2.00 0.00 X 0 0 0 COLLEEN KRCELICH BOARD MEMBER 2.00 0.00 X 0 0 0 JOSH LAMPE BOARD MEMBER 2.00 0.00 X 0 0 0 GINA MASSOTO BOARD MEMBER (THRU 2/24) 2.00 0.00 X 0 0 0 LAUREN TAROLA BOARD MEMBER 2.00 0.00 X 0 0 0 MAREK TOMANEK BOARD MEMBER 2.00 0.00 X 0 0 0 0 338545 62530 0 0 1 0 0 235468 81940 317408 PROGRAM LOAN INTEREST 900099 222887 222887 PROGRAM FEES 900099 13138 13138 236025 99513 99513 652946 236025 0 99513 2722 2722 198229 198229 8895 8895 63169 63169 19559 19559 356191 224050 85006 47135 7963 2036 5927 1323 1323 1780 1780 2783 2783 1711 1711 1748 1748 1996 1996 598 598 47174 47174 6832 6832 890 890 CREDIT LOSS EXPENSE 282641 282641 DUES AND SUBSCRIPTIONS 15510 15510 MISCELLANEOUS 7140 7140 1028854 889463 92256 47135 3921624 1162027 2466298 587 2803280 2486416 50000 34264 29356 11740 4908 15490 102019 6802134 6222255 32834 20254 234682 299801 4028988 3740736 9444 41186 4305948 4101977 X 2135942 1760034 360244 360244 2496186 2120278 6802134 6222255 -375908 0 X 0 1 X 1 0 X 387873 1269479 8630253 727692 317408 11332705 387873 1269479 8630253 727692 317408 11332705 11332705 206 527 2437 27675 99513 130358 11463063 1097139 0.98860 0.99720 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 34264 29356 4908 4908 DUE TO AFFILIATE 34587 COMPENSATED ABSENCES 6599 41186 X 667419 14473 14473 652946 0 652946 1043327 14473 14473 1028854 0 1028854 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, 2024 AND 2023, 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 175881 0 0 0 0 0 12592 0 17919 0 206392 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