2026-03-20T15:24:44+00:00 2025-09-30 580692043 Mauldin & Jenkins LLC 200 Galleria Parkway Suite 1700 Atlanta GA 30339 990 2024-10-01 933283822 Thrive Community Lending Inc THRI 4706431946 731 Peachtree Street NE B Atlanta GA 30308 John Arnold Executive Director 7047548228 2026-03-20 true Melissa Seward P02145103 7709558600 2026-03-17 2024 2025-03-06 01:10:19Z John Arnold 731 Peachtree Street NE B Atlanta GA 30308 264133 false X http:/www.thrivelending.org X 2023 GA SEE SCHEDULE O 5 3 2 4 0 310000 256383 0 6194 7750 0 316194 264133 474 0 0 187008 108379 0 8577 71014 33865 258496 142244 57698 121889 322952 431541 110000 240545 212952 190996 Thrive Community Lending is an emerging Community Development Financial Institution (CDFI) dedicated to expanding economic opportunity for low-income people and legal immigrants. We provide affordable capital paired with no-cost business services to help low-income entrepreneurs start, sustain, and grow small businesses. By investing in people who often face barriers to access traditional finance, Thrive empowers entrepreneurs to build financial stability, create wealth, and strengthen their communities. false false 124258 SEE SCHEDULE O FOR COMPLETE DESCRIPTION OF PROGRAM SERVICE ACCOMPLISHMENT. 124258 true true false false false false false false false false false false false false true true false 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 true false false false false true X 0 0 2 true false false false false false false false false false false false false X 5 3 false true false false false false false true true false false false true true true true true true false false false false GA X THE ORGANIZATION 7047548228 731 PEACHTREE STREET NEB ATLANTA GA 30308 AIMEE ZANGANDOU VICE CHAIR 5.0 35.0 X 0 145607 14561 CINDY HOLLER CHAIR 5.0 0.0 X 0 0 0 ED RINGER Director, FINANCE COMMITTEE CHAIR 5.0 0.0 X 0 0 0 JOHN MOELLER Member, Inspiritus Inc 5.0 35.0 X 0 268092 37568 PHILLIP BAILEY Director, LOAN COMMITTEE CHAIR 5.0 0.0 X 0 0 0 JOHN ARNOLD EXECUTIVE DIRECTOR 40.0 0.0 X 90233 0 14278 KIRBY NICKERSON CFO 1.0 5.0 X 0 0 0 PAM HIGGINS SECRETARY 1.0 39.0 X 0 0 0 90233 413699 66407 2 false true false 0 150000 106383 256383 0 0 0 0 0 7750 7750 0 0 0 0 0 0 0 0 0 264133 0 0 7750 X 67692 67692 25177 17521 2292 5364 1777 1630 44 103 7077 6510 142 425 6656 6108 164 384 4200 4200 18998 17478 380 1140 113 96 17 3935 3620 79 236 1739 1655 71 13 2944 167 1981 796 1936 1781 39 116 0 0 0 0 142244 124258 9409 8577 89447 212603 25000 25000 208505 185943 0 0 0 0 0 0 0 0 0 0 0 7995 322952 431541 29242 0 0 110000 211303 110000 240545 212952 190996 212952 190996 322952 431541 X 121889 -143845 X X false true true false X 155254 310000 256383 721637 0 0 0 0 155254 310000 256383 721637 0 721637 6194 7750 13944 0 0 0 0 0 0 0 735581 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Federal Income Taxes Due to related party 211303 211303 X 122940 2652 0 2652 120288 0 0 120288 144896 2652 0 2652 142244 0 0 142244 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A)(VI) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(1). ACCORDINGLY, NO PROVISIONS FOR FEDERAL AND STATE INCOME TAXES ARE REFLECTED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION ANNUALLY EVALUATES ALL FEDERAL AND STATE INCOME TAX POSITIONS. THIS PROCESS INCLUDES AN ANALYSIS OF WHETHER THESE INCOME TAX POSITIONS THE ORGANIZATION TAKES MEET THE DEFINITION OF AN UNCERTAIN TAX POSITION UNDER THE INCOME TAXES TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS CODIFICATION. IN THE NORMAL COURSE OF BUSINESS, THE ORGANIZATION IS SUBJECT TO TAX EXAMINATIONS BY THE FEDERAL AND STATE TAXING AUTHORITIES. THRIVE COMMUNITY LENDING IS TREATED AS A SINGLE MEMBER LLC FOR FEDERAL AND STATE INCOME TAX PURPOSES. SINCE THE ORGANIZATION IS THE SOLE MEMBER OF THRIVE COMMUNITY LENDING, ALL INCOME, LOSSES, AND CREDITS ARE REPORTED ON THE ORGANIZATION'S INCOME TAX RETURNS. false false false false false false false false false JOHN MOELLER Member, Inspiritus Inc 0 268092 0 0 0 0 0 10000 0 27568 0 305660 0 0 AIMEE ZANGANDOU VICE CHAIR 0 145607 0 0 0 0 0 0 0 14561 0 160168 0 0 Form 990, Part I, Line 1 DESCRIPTION OF ORGANIZATION MISSION: THRIVE EXISTS TO PROVIDE ACCESS TO CAPITAL TO low-income people AND EMPOWER THEM TO ACHIEVE ECONOMIC SELF-SUFFICIENCY BY PROVIDING ASSISTANCE WITH DEVELOPMENT OR EXPANSION OF THEIR OWN BUSINESSES. Form 990, Part III, Line 4a PROGRAM SERVICE ACCOMPLISHMENTS: AS AN EMERGING COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI), THRIVE SERVES LOW-INCOME PEOPLE LIVING IN GEORGIA WHO OFTEN CANNOT ACCESS BUSINESS CAPITAL FROM TRADITIONAL FINANCIAL INSTITUTIONS DUE TO LIMITED CREDIT HISTORY, LIMITED BUSINESS SKILLS, LIMITED KNOWLEDGE OF U.S. FINANCIAL SYSTEMS, AS WELL AS LANGUAGE AND CULTURAL BARRIERS. THRIVE ADDRESSES THESE CHALLENGES BY OFFERING FREE EDUCATION AND ASSISTANCE WITH CREDIT-BUILDING, AFFORDABLE CAPITAL TO START OR STRENGTHEN A SMALL BUSINESS, AND TARGETED BUSINESS SERVICES TO ENSURE ENTREPRENEURS SUCCESSFULLY LAUNCH AND SUSTAIN THEIR SMALL BUSINESSES. THIS HAS RESULTED IN INCREASED INCOME, JOB CREATION, AND ULTIMATELY COMMUNITY STABILIZATION. DURING 2024, THRIVE'S PRIMARY ACCOMPLISHMENTS AND IMPACT INCLUDE: DEPLOYMENT OF 9 MICROLOANS (21 TO DATE) TOTALLING $244,000 INVESTED INTO AT-RISK COMMUNITIES TO START NEW BUSINESSES TO DATE WITH 22 NEW JOBS CREATED, IRS RECOGNITION AS A 501(C)(3) NON-PROFIT ORGANIZATIION, AND FUNDING FROM MULTIPLE PRIVATE AND GOVERNMENT SOURCES TO EXPAND OUR LENDING CAPITAL POOL. Form 990, Part V, Line 2a EMPLOYEES THRIVE COMMUNITY LENDING, INC DOES NOT OPERATE A PAYROLL. COMPENSATION IS PAID, PROCESSED AND REPORTED BY A RELATED ENTITY, INSPIRITUS, INC FEIN #58-1535692. DURING CALENDAR 2024 4 INDIVIDUALS PROVIDED FULL-TIME SERVICES AND 2 INDIVIDUAL SPLIT THEIR TIME BETWEEN THE ORGANIZATION AND INSPIRITUS, INC.. INSPIRITUS, INC IS REIMBURSED FOR PAYROLL RELATED EXPENSES. Form 990, Part VI, Line 3 Delegation of management duties THE ORGANIZATION HOLDS A WRITTEN AGREEMENT WITH RELATED ENTITY INSPIRITUS, INC. FOR THE PURPOSE OF PROVIDING CERTAIN MANAGEMENT DUTIES. INSPIRITUS, INC. PROVIDES THE ORGANIZATION STRATEGIC FINANCIAL ADVISEMENT SERVICES, INCLUDING ANNUAL BUDGET DEVELOPMENT, MONTHLY BUDGET VARIANCE ANALYSIS, FINANCIAL REPORTING, AND STRATEGIC FINANCIAL PLAN MAINTENANCE. Form 990, Part VI, Line 11b Review of form 990 by governing body A COPY OF THE FORM 990 WAS PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS FOR REVIEW AND COMMENT BEFORE PUBLISHING. Form 990, Part VI, Line 12c Conflict of interest policy CONFLICTS OF INTEREST ARE REQUIRED TO BE DISCLOSED AND MAY RESULT IN DISCIPLINARY ACTION UP TO AND INCLUDING DISMISSAL. Form 990, Part VI, Line 19 Required documents available to the public INSPIRITUS' AUDIT REPORT, ANNUAL REPORT, AND FORM 990 ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. Form 990, Part IX, Line 11g Other Fees Consulting - Total Expense: 18488, Program Service Expense: 17009, Management and General Expenses: 370, Fundraising Expenses: 1109; Payroll Fees - Total Expense: 510, Program Service Expense: 469, Management and General Expenses: 10, Fundraising Expenses: 31; Form 990, Part XI, Line 9 Other changes in net assets or fund balances Reversal of prior year receivable - -143845; Total - -143845; Form 990, Part XII, Line 2c Change of oversight process or selection process THERE HAVE BEEN NO CHANGES TO THE AUDITOR SELECTION PROCESS OR THE FINANCIAL STATEMENT OVERSIGHT PROCESS. THE SAME AUDITORS AS THE PREVIOUS YEAR CONTINUED TO PREFORM AUDIT SERVICES. INSPIRITUS INC 731 PEACHTREE STREET NE ATLANTA GA 30308 581535692 RELIEF & ASSISTANCE GA 501(c)(3) 7 NA false false false false false false false false false false false false false false true true true false false false