Dallas Business Finance Corporation

Address
400 S Zang Blvd No 1210
Dallas, TX 75208
Contact
Website: http://www.dbfc.org
Phone: +1 (214) 948-7800
Nonprofit
NTEE: S43 - Management Services for Small Business, Entrepreneurs
EIN: 75-2021107

Mission

The Dallas Business Finance Corporation ("DBFC") provides fixed assets financing to small businesses. Financing is funded by debenture sales and are guaranteed by the U.S. Small Business Administration under their 504 loan program.
 20152014201320122011
Basic features of the organization
Year of formation1991
Metropolitan statistical area1922
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Sum of reportable (W2/1099) compensation$0.00    
Number of employees000  
Number of people compensated >$100k0 0  
Number of volunteers000  
Number of highly compensated contractors0    
Personnel
, See
Title attachmentattachment  
Name of key/compensated person SEESEE  
Position of compensated person
Current individual trustee or director TrueTrue  
Average hours per week working for org 0.000.00  
Reportable compensation from org $0.00$0.00  
Other comp, non-reportable, from org and related orgs $4,295.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs  $151,629.00$141,061.00  
Anderson, Donna
TitleDirector    
Name of key/compensated personDonna Anderson    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Bessard, Tanella
TitleDirector    
Name of key/compensated personTanella Bessard    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Bogard, Steven
TitleDirector    
Name of key/compensated personSteven Bogard    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Cortez, Frank
TitleDirector    
Name of key/compensated personFrank Cortez    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Gomez, Patricia
TitleSecretary    
Name of key/compensated personPatricia Gomez    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Ivey, Rob
TitleVice Chairman    
Name of key/compensated personRob Ivey    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Johnson, Peter
TitleDirector    
Name of key/compensated personPeter Johnson    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
McElrath, Charles
TitlePresident    
Name of key/compensated personCharles McElrath    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org8.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $155,924.00    
Munnings, Wilton
TitleDirector    
Name of key/compensated personWilton Munnings    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Quezada, Gabriela
TitleDirector    
Name of key/compensated personGabriela Quezada    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Robles, Marissa
TitleDirector    
Name of key/compensated personMarissa Robles    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Rubin, Candace
TitleDirector    
Name of key/compensated personCandace Rubin    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Salcedo, Luis
TitleDirector    
Name of key/compensated personLuis Salcedo    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Stimpson, Bob
TitleDirector    
Name of key/compensated personBob Stimpson    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Thatcher, Jerry
TitleDirector    
Name of key/compensated personJerry Thatcher    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Thompson, Rodney
TitleBoard Chair    
Name of key/compensated personRodney Thompson    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Whavers, Gilbert
TitleTreasurer    
Name of key/compensated personGilbert Whavers    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Purpose: mission, activities, & accomplishments
Mission or significant activitiesThe Dallas Business Finance Corporation ("DFBC") provides fixed assets financing to small businesses. Financing is funded by debenture sales and are guaranteed by the U.S. Small Business Administration under their 504 Loan program.The Dallas Business Finance Corporation ("DBFC") provides fixed assets financing to small businesses. Financing is funded by debenture sales and are guaranteed by the U.S. Small Business Administration under their 504 Loan program.The Dallas Business Finance Corporation ("DBFC") provides fixed assets financing to small businesses. Financing is funded by debenture sales and are guaranteed by the U.S. Small Business Administration under their 504 Loan program.  
Program service expenses, total$112,343.00 $101,213.00  
Programs, including revenue & expenses
During the fiscal year ended September 30, 2015, DBFC funded $0 million in loans and received the U.S. Small Business Administration's approval for $729,000 in new loans under the SBA's 504 loan program and a $940,000 loan pending approval from the SBA. The loans closed and approved will create 25 jobs.
Program expenses$112,343.00 $101,213.00  
Program revenue  $116,854.00  
Program descriptionDuring the fiscal year ended September 30, 2015, DBFC funded $0 million in loans and received the U.S. Small Business Administration's approval for $729,000 in new loans under the SBA's 504 loan program and a $940,000 loan pending approval from the SBA. The loans closed and approved will create 25 jobs.DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2013, DBFC FUNDED NEARLY $1.5 MILLION IN LOANS AND RECEIVED THE U. S. SMALL BUSINESS ADMINISTRATION'S APPROVAL FOR A $437,000 LOAN UNDER THE SBA'S 504 LOAN PROGRAM. THE LOANS CLOSED IN 2013 WILL CREATE 25 JOBS. IN ADDITION,THE LOAN APPROVED IN 2013 WILL CREATE 7 JOBS.DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2013, DBFC FUNDED NEARLY $1.5 MILLION IN LOANS AND RECEIVED THE U. S. SMALL BUSINESS ADMINISTRATION'S APPROVAL FOR A $437,000 LOAN UNDER THE SBA'S 504 LOAN PROGRAM. THE LOANS CLOSED IN 2013 WILL CREATE 25 JOBS. IN ADDITION,THE LOAN APPROVED IN 2013 WILL CREATE 7 JOBS.  
Financial data
Revenue
Total revenue$71,384.00$96,480.00$117,900.00  
Revenue from contributions (total)$0.00$0.00$1,000.00$0.00$0.00
Investment income, current yr$19.00$25.00$46.00  
Total revenue from grants, etc., current yr$0.00$0.00$1,000.00  
Total unrelated business revenue$0.00$0.00$0.00  
Other revenue, current yr$104.00$0.00$0.00  
Net unrelated business taxable revenue$0.00    
Program service revenue (total)$71,261.00$96,455.00$116,854.00$91,928.00$107,930.00
Gross receipts$71,384.00$96,480.00$117,900.00  
Sources of contributions
Revenue from all other contributions  $1,000.00  
Other types of revenue
Miscellaneous revenue (total)$104.00    
Income from dividends, interest, and similar investments$19.00$25.00$46.00  
Net rental income$0.00$0.00$0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$130,085.00$102,202.00$108,652.00  
Total functional expenses: program service $112,343.00$90,553.00$101,213.00  
Total functional expenses: management and general$17,742.00$11,649.00$7,439.00  
Total functional expenses: fundraising$0.00$0.00$0.00  
Fees for services
Legal fees (total) $3,732.00$3,080.00  
Fundraising service fees (total)$0.00$0.00$0.00  
General management fees (total)$101,833.00$73,500.00$83,000.00  
Assets and liabilities
Total assets$78,347.00$137,048.00$151,270.00$9,027,906.00$10,097,976.00
Total assets, beginning of year$137,048.00$151,270.00$9,027,906.00  
Total liabilities$0.00$0.00$0.00$8,885,884.00$9,927,691.00
Total liabilities, beginning of year$0.00 $8,885,884.00  
Unrestricted net assets, end of yr$78,347.00$137,048.00$151,270.00  
Net assets$78,347.00$137,048.00$151,270.00  
Net assets, beginning of year$137,048.00$151,270.00$142,022.00  
Cash: non-interest bearing$37,965.00$46,687.00$52,437.00  
Cash: non-interest bearing, beginning of year$46,687.00$52,437.00$51,733.00  
Other financial variables
Revenue less expenses-$58,701.00-$5,722.00$9,248.00  
Advertising (total)$1,963.00$3,718.00$7,554.00  
Savings & temp cash investment$40,382.00$90,361.00$90,333.00  
Prepaid expenses & deferred charges  $8,500.00  
Total net assets or fund balances$78,347.00$137,048.00$151,270.00  
Governance and accountability
Number of voting members151514  
Number of independent voting members151514  
Accrual accountingTrueTrueTrue  
Tax year start date2014-10-012013-10-012012-10-01  
Tax year end date2015-09-012014-09-012013-09-012012-09-012011-09-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990  
Date e-filing submitted2017-02-272015-02-022014-03-19  
IRS schema version2014v6.02013v4.02012v2.0  
Filing identifier201633129349300533201500209349300425201430319349300213  
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