CONTRACTOR LOAN FUND INC Charity Report

Public IRS 990 nonprofit record

CONTRACTOR LOAN FUND INC

EIN 47-3818078 · Financial Institutions, Services (Non-Government Related)

What they do

A COALITION of LOCAL GOVERNMENTS, NOT-FOR-PROFIT ORGANIZATIONS, and SMALL to LARGE PRIVATE SECTOR BUSINESSES COMMITTED to BUILD A MORE INCLUSIVE REGION. (SEE SCHEDULE O)CLF PARTNERS HAVE POOLED THEIR FINANCIAL and TECHNICAL BUSINESS RESOURCES to MAKE CONSTRUCTION and EXPANSION LOANS to MINORITY and WOMEN OWNED BUSINESSES to FACILITATE THEIR GREATER PARTICIPATION IN CONSTRUCTION PROJECTS THROUGHOUT THE REGION.

Before you give

Should I give to this charity?

Easy charity check

The spending raises an important question

Of every $100 spent, about $13.50 was reported for mission work and $0.00 for fundraising. Understand this before you give.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2020The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders33 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

196.15%of revenue went to mission work13.5% of expenses · Program services

$1,449.65spent for every $100 of revenueSpending was higher than revenue this year.

1,253.50%of revenue went to management and office costs86.5% of expenses

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $69,453 this year. Ask whether that was planned or caused by a one-time event.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2020

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$5,146

Mission workProgram services$10,094196.15% of revenue13.5% of expenses

ManagementOffice and general costs$64,5051,253.50% of revenue86.5% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$74,5991,449.65% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Pause before giving. This filing reports that 0.0% of spending went to fundraising and 13.5% went to mission work. Ask the charity to explain these numbers and show recent results.

Has the pattern changed?

Each bar shows the share of annual spending reported for mission work, management, and fundraising.

202013.5% mission

201993.4% mission

201896.2% mission

201797.4% mission

201695.7% mission

Money in and money out

Revenue$5,146

Expenses$74,599

Annual shortfall $69,453 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$10,094 · 13.5% of expenses

Management and office costs$64,505 · 86.5% of expenses

See all reported dollar amounts

Revenue$5,146

Expenses$74,599

Income$129,539

Mission work (program services)$10,094

Management and general$64,505

Accounting fees$14,875

People

Leadership and board

Tax year 2020

Names, titles, time, and compensation below are reported by the organization on its Form 990.

See everyone listed on the board or leadership roster (33)

STEVE KRAMERDIRECTOR

OTIS WILLIAMSVICE CHAIRMAN

PHILIP SAETTELETREASURER

ROB BOYLEDIRECTOR

ROBERT HARDYDIRECTOR

ROBYN HEIDGERDIRECTOR

RODNEY CRIMDIRECTOR

RON UNTERREINERDIRECTOR

SCOTT WILSONDIRECTOR

MITCH BARISDIRECTOR

SUZANNE AGINDIRECTOR

SUZANNE HOUGHDIRECTOR

TIM SNOKEDIRECTOR

TOM FINANDIRECTOR

TRACY JAMESDIRECTOR

VLADIMIR MONROEDIRECTOR

YAPHETT EL-AMINDIRECTOR

ABE ADEWALEDIRECTOR

LEONARD TOENJESDIRECTOR

KEVIN WILSONDIRECTOR

KEN CREEHANDIRECTOR

JUSTIN REISEDIRECTOR

JEFF MEFFORDDIRECTOR

HOWARD HAYESDIRECTOR

GREG MOHLERDIRECTOR

GABRIELLA RAMIREZ-ARELLANODIRECTOR

DENNIS LOWERSECRETARY

DARCELLA CRAVENDIRECTOR

DAPHANIE POINTERDIRECTOR

CHRISTOPHER K REICHERTCHAIRMAN

ANN SUTTERDIRECTOR

AMY KWESKINDIRECTOR

ADOLPHUS PRUITTDIRECTOR

About this charity

Location: 1520 MARKET ST NO 2000, SAINT LOUIS, MO 63103
County: St. Louis (city)
In care of: CHRISTOPHER K REICHERT
Primary officer: CHRISTOPHER K REICHERT, CHAIRMAN

How to reach them

Phone(314) 342-2992

Filing and classification

Latest tax year: 2020
Tax period began: January 1, 2020
Return type: 990
Tax preparer: BROWN SMITH WALLACE LLP
IRS tax category: Financial Institutions, Services (Non-Government Related)